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	May '26 May 8, 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	86,582	67,350	54,173	49,992	56,038	42,052
Market Cap Growth	23.91%	24.32%	8.36%	-10.79%	33.26%	2.86%
Enterprise Value	143,652	113,823	102,167	96,018	95,501	76,521
Last Close Price	86.89	65.61	68.28	67.99	76.87	59.25
PE Ratio	22.43	16.54	18.92	5.61	17.99	18.57
PS Ratio	3.68	2.84	2.16	1.87	2.31	2.23
PB Ratio	1.73	1.38	1.44	1.37	1.79	1.54
P/TBV Ratio	2.30	1.64	1.83	1.83	2.33	2.11
P/FCF Ratio	-	-26.43	1224.83	2249.94	108.74	-91.61
P/OCF Ratio	8.23	7.66	6.18	6.38	7.76	7.87
EV/Sales Ratio	6.11	4.79	4.07	3.59	3.94	4.06
EV/EBITDA Ratio	14.96	12.39	12.37	11.33	11.71	14.29
EV/EBIT Ratio	20.19	17.85	18.07	15.94	16.62	23.12
EV/FCF Ratio	-	-44.67	2309.97	4321.38	185.32	-166.70
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	4.46%	6.05%	5.28%	17.81%	5.56%	5.39%
FCF Yield	-2.23%	-3.78%	0.08%	0.04%	0.92%	-1.09%
Dividend Yield	3.56%	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	-15.75%	-14.79%	3.10%	-6.19%	0.04%	2.88%

Updated Nov 5, 2025. Data Source: Fiscal.ai. Utilities template. Financial Sources.

SEC Filings: 10-K · 10-Q