National Grid PLC (NGG) Valuation
Historical valuation analysis based on 500 data points (2024-08-30 to 2026-08-28)
National Grid owns and operates the electric transmission system in England and Wales. It sold the bulk of its UK gas transmission business in fiscal 2023 to fund the acquisition of PPL's UK power...
National Grid PLC (NGG) currently trades at a P/E ratio of 24.49 (historical range: 24.20–25.63, median: 24.73), placing it at the 17th percentile — cheap relative to its history, P/S ratio of 4.49 (range: 4.43–4.70, 17th percentile — cheap relative to its history), EV/EBITDA of 22.70 (range: 22.53–23.38, 17th percentile).
National Grid PLC appears significantly undervalued relative to its historical range, trading at depressed multiples across most metrics.
Historical Valuation Metrics
| Metric | Current | Min | Median | Max | Percentile | Assessment |
|---|---|---|---|---|---|---|
| P/E Ratio | 24.49 | 24.20 | 24.73 | 25.63 | 17th | cheap relative to its history |
| P/S Ratio | 4.49 | 4.43 | 4.53 | 4.70 | 17th | cheap relative to its history |
| EV/EBITDA | 22.70 | 22.53 | 22.85 | 23.38 | 17th | cheap relative to its history |