National Grid Ratios and Metrics

Market cap in millions USD. Fiscal year is April - March.

Millions USD. Fiscal year is Apr - Mar.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 30, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Market Cap	81,691	64,259	54,173	49,994	60,019	42,055
Market Cap Growth	31.66%	18.62%	8.36%	-16.70%	42.72%	-4.53%
Enterprise Value	137,352	110,733	102,167	96,020	99,482	76,523
Last Close Price	83.85	65.61	68.28	67.99	76.87	59.25
PE Ratio	21.16	16.54	18.92	5.61	17.99	18.57
PS Ratio	3.48	2.71	2.16	1.87	2.47	2.23
PB Ratio	1.63	1.32	1.44	1.37	1.92	1.54
P/TBV Ratio	2.22	1.64	1.83	1.83	2.33	2.11
P/FCF Ratio	-	-25.22	1224.83	2250.03	116.46	-91.62
P/OCF Ratio	7.77	7.31	6.18	6.39	8.32	7.87
EV/Sales Ratio	5.84	4.66	4.07	3.59	4.10	4.06
EV/EBITDA Ratio	14.31	12.06	12.37	11.33	12.20	14.29
EV/EBIT Ratio	19.30	17.37	18.07	15.94	17.31	23.12
EV/FCF Ratio	-	-43.46	2309.97	4321.48	193.04	-166.71
Debt / Equity Ratio	1.14	1.13	1.41	1.35	1.40	1.38
Debt / EBITDA Ratio	6.23	6.69	7.20	6.26	7.33	8.03
Debt / FCF Ratio	-32.40	-24.11	1344.91	2388.06	115.98	-93.75
Net Debt / Equity Ratio	1.13	1.07	1.43	1.36	1.77	1.45
Net Debt / EBITDA Ratio	5.68	5.71	6.55	5.86	6.79	7.39
Net Debt / FCF Ratio	-29.54	-20.59	1223.26	2234.28	107.44	-86.25
Asset Turnover	0.17	0.18	0.21	0.23	0.23	0.20
Quick Ratio	0.75	1.04	0.67	0.72	0.29	0.58
Current Ratio	0.97	1.35	0.91	1.00	0.73	1.06
Return on Equity (ROE)	7.66%	8.36%	7.46%	10.16%	9.99%	6.58%
Return on Assets (ROA)	3.71%	3.73%	3.41%	3.93%	3.42%	2.79%
Return on Invested Capital (ROIC)	4.09%	4.13%	3.72%	4.30%	3.75%	3.06%
Return on Capital Employed (ROCE)	5.40%	5.39%	5.25%	6.35%	6.83%	4.11%
Earnings Yield	4.73%	6.05%	5.28%	17.81%	5.56%	5.39%
FCF Yield	-2.29%	-3.96%	0.08%	0.04%	0.86%	-1.09%
Dividend Yield	3.68%	3.20%	3.98%	3.69%	2.19%	4.67%
Payout Ratio	394.42%	52.69%	75.02%	20.61%	39.18%	86.16%
Buyback Yield / Dilution	-19.31%	-17.99%	-0.88%	-9.87%	-2.15%	-1.78%
Total Shareholder Return	-15.63%	-14.79%	3.10%	-6.19%	0.04%	2.88%

Updated Sep 30, 2025. Data Source: Fiscal.ai. Utilities template. Financial Sources.

SEC Filings: 10-K · 10-Q