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 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Aug '26 Aug 19, 2026	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Market Capitalization	79,829	83,336	63,809	50,080	49,871	56,173
Market Cap Growth	13.59%	30.60%	27.41%	0.42%	-11.22%	32.97%
Enterprise Value	140,938	139,847	113,926	106,095	108,513	111,268
PE Ratio	18.65	19.47	17.02	17.32	5.17	18.16
PS Ratio	3.42	3.57	2.69	2.00	1.86	2.32
PB Ratio	1.54	1.61	1.31	1.33	1.36	1.79
P/FCF Ratio	-	-	-	1132.92	70.35	36.40
P/OCF Ratio	7.50	8.06	7.25	5.71	5.84	6.81
EV/Sales Ratio	6.03	5.99	4.80	4.23	4.05	4.59
EV/EBITDA Ratio	15.19	15.07	12.98	10.99	15.02	14.03
EV/EBIT Ratio	20.65	20.49	17.67	15.04	20.86	20.13
EV/FCF Ratio	-	-	-	2400.12	153.08	72.10
Debt / Equity Ratio	1.21	1.21	1.29	1.61	1.49	1.95
Debt / EBITDA Ratio	6.66	6.66	7.04	6.30	7.39	7.70
Debt / FCF Ratio	-	-	-	1377.09	76.97	39.57
Net Debt / Equity Ratio	1.14	1.14	1.10	1.47	1.40	1.81
Net Debt / EBITDA Ratio	6.39	6.39	6.15	5.75	7.08	7.14
Net Debt / FCF Ratio	-20.78	-20.78	-21.17	1255.43	72.14	36.72
Quick Ratio	0.65	0.65	1.01	0.64	0.69	0.27
Current Ratio	0.76	0.76	1.35	0.91	1.00	0.73
Asset Turnover	0.17	0.17	0.18	0.21	0.23	0.23
Return on Equity (ROE)	8.41%	8.41%	8.36%	7.46%	10.16%	9.99%
Return on Assets (ROA)	3.00%	3.00%	3.04%	3.65%	2.80%	3.24%
Return on Capital Employed (ROCE)	5.20%	5.20%	5.20%	6.40%	5.00%	6.00%
Earnings Yield	5.36%	5.13%	5.88%	5.78%	19.34%	5.51%
FCF Yield	-3.68%	-3.42%	-3.99%	0.09%	1.42%	2.75%
Dividend Yield	3.98%	0.78%	0.98%	1.23%	1.21%	1.09%
Payout Ratio	74.02%	50.08%	52.69%	75.02%	20.61%	39.18%
Buyback Yield / Dilution	-5.12%	-5.12%	-17.99%	-9.03%	-1.66%	-2.15%
Total Shareholder Return	-1.14%	-4.34%	-17.00%	-7.80%	-0.45%	-1.05%

SEC Filings: 10-K · 10-Q