LON/NG (LON/NG)

London Stock Exchange: LON/NG · GBX

GBX 1,238

+16.48 (+1.4%)· Recorded snapshot

Market cap	62.2B
Revenue (ttm)	17.7B
Net income (ttm)	3.2B
EPS (ttm)	GBX 0.65
Shares out	5B
P/E (trailing)	19.0x
P/E (forward)	13.5x
Dividend	GBX 0.48 (3.92%)
Volume	6,235,370
Beta	0.58

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 17.7B
Net income (ttm): 3.2B
EPS (ttm): GBX 0.65
P/E (trailing): 19.0x
P/E (forward): 13.5x
Market cap: 62.2B

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/E13.5

P25 n/aP50 n/aP75 n/a

Trailing P/E19

P25 n/aP50 n/aP75 n/a

ROE8.4

P25 n/aP50 n/aP75 n/a

ROIC3.7

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All LON/NG indicators

Market & fundamental data

Available fields

246

Groups with data

Currency

GBP

Showing 246 of 246 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	GBP
Country	United Kingdom
Country code	UK
Earnings date	2026-11-05
Employees	33,026
Employees change	1,372
Employees growth	4.33%
Enterprise value	GBX 107.1B
Exchange	London Stock Exchange
Financial currency	GBP
Financial report date	2026-03-31
First seen	2026-05-10
Fiscal year end	March
Founded	1990
Industry	Utilities - Regulated Electric
Is primary listing	Yes
ISIN number	GB00BDR05C01
Last earnings date	2026-05-14
Last refreshed	2026-10-28
Last stock split date	2017-05-22
Last stock split type	Reverse
Market cap	GBX 62.2B
Next earnings date	2026-11-05
Price	GBX 1,237.50
Price currency	GBX
Sector	Utilities
SIC code	4911
Stock price date	2026-10-28
Symbol	lon/NG
Website	https://www.nationalgrid.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Adjusted P/E ratio	15.87x
Average P/E ratio (10Y)	15.26x
Average P/E ratio (3Y)	16.21x
Average P/E ratio (5Y)	15.56x
Earnings yield	5.27%
EV/Earnings	32.79x
EV/EBIT	20.26x
EV/EBITDA	14.69x
EV/Sales	6.01x
FCF / EV yield	-2.03%
FCF yield	-3.52%
Forward P/E	13.49x
Graham number	1076.658
Graham upside	-12.86%
Lynch fair value	GBX 951.62
Lynch upside	-22.98%
P/(OCF - SBC) ratio	7.89x
P/B ratio	1.56x
P/E ratio	18.98x
P/OCF ratio	7.84x
P/S ratio	3.47x
PEG ratio	1.36x
Price / tangible book value	2.36x
Price/EBITDA ratio	8.74x
Sector forward P/E	13.43x
Sector P/E	20.06x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	29.22%
EBITDA margin	39.72%
Effective tax rate	22.45%
Gross margin	100%
Operating margin	29.22%
Pretax margin	23.64%
Profit margin	18.32%
Profit per employee	GBX 98,135
Profitable quarters	35
Profitable years	24
Revenue per employee	GBX 535,548
ROA	3%
ROA (5Y)	3.15%
ROCE	5.25%
ROE	8.41%
ROE (5Y)	8.87%
ROIC	3.72%
SBC / revenue	0.25%
Tax / revenue	5.31%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth	6.18%
EPS growth (Q)	14.4%
EPS growth (QoQ)	320.25%
EPS growth 10Y	-0.49%
EPS growth 3Y	-32.51%
EPS growth 5Y	7.08%
EPS growth quarters	1
EPS growth years	2
Net income growth	11.68%
Net income growth (Q)	16.36%
Net income growth (QoQ)	325.28%
Net income growth 3Y	-25.37%
Net income growth 5Y	14.6%
Net income growth quarters	1
Net income growth years	2
OCF growth	15%
OCF growth (Q)	0.17%
OCF growth (QoQ)	15.91%
OCF growth 10Y	4.11%
OCF growth 3Y	4.31%
OCF growth 5Y	11.91%
Revenue growth	-3.76%
Revenue growth (Q)	1.97%
Revenue growth (QoQ)	50.35%
Revenue growth 10Y	1.39%
Revenue growth 3Y	-6.53%
Revenue growth 5Y	5.3%
Revenue growth quarters	1
Revenue growth years	0

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	GBX -10B
EBIT	GBX 5.2B
EBITDA	GBX 7B
EPS	GBX 0.65
FCF per share	GBX -0.43
Financing cash flow	GBX -4.6B
Free cash flow	GBX -2.2B
Free cash flow minus SBC	GBX -2.2B
Gross profit	GBX 17.7B
Income taxes	GBX 939M
Investing cash flow	GBX -4.2B
Net borrowing	GBX -1.2B
Net cash flow	GBX -803M
Net income	GBX 3.2B
Operating cash flow minus SBC	GBX 7.8B
Operating income	GBX 5.2B
Revenue	GBX 17.7B
Stock-based compensation	GBX 45M

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Book value per share	GBX 7.90
Debt / EBITDA	6.66
Debt / equity	1.21
Goodwill	GBX 9.4B
Interest coverage	3.39
Long-term assets	GBX 100.8B
Long-term liabilities	GBX 59.2B
Net cash (debt)	GBX -44.9B
Net cash / market cap	-73.12%
Net debt / EBITDA	6.39
Net debt / equity	1.14
Piotroski F-Score	4
Property, plant and equipment	GBX 81.5B
Shareholders' equity	GBX 39.3B
Tangible book value	GBX 26B
Tangible book value per share	GBX 5.23
Total assets	GBX 108.3B
Total cash	GBX 2.8B
Total debt	GBX 47.7B
Total liabilities	GBX 69B
WACC	5.26%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.16
Current assets	GBX 7.5B
Current liabilities	GBX 9.8B
Current ratio	0.76
Net working capital	GBX -1B
Quick ratio	0.65
Working capital	GBX -2.3B
Working capital turnover	25.29

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	-5.12%
Dividend growth	3.79%
Dividend growth (10Y)	0.25%
Dividend growth (3Y)	-4.37%
Dividend growth (5Y)	-0.27%
Dividend growth years	0
Dividend payment date	2026-07-23
Dividend payment years	31
Dividend payout frequency	Semi-Annual
Dividend per share	GBX 0.48
Dividend yield	3.92%
Ex-dividend date	2026-05-28
Last dividend	GBX 0.32
Payout ratio	50.08%
Shareholder yield	-1.19%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
10Y price change	7.21%
10Y return CAGR	7.72%
10Y total return	110.23%
150-day SMA	GBX 1,216.94
15Y price change	80.76%
15Y return CAGR	10.68%
15Y total return	358.19%
1D price change	1.35%
1M price change	9.81%
1M total return	9.81%
1W price change	2.23%
1W total return	2.23%
1Y price change	7.7%
1Y return CAGR	12.09%
1Y total return	12.08%
20-day SMA	GBX 1,185.15
200-day SMA	GBX 1,237.18
20Y price change	68.41%
20Y return CAGR	9.67%
20Y total return	533.74%
3M price change	1.23%
3M total return	1.23%
3Y price change	26.12%
3Y return CAGR	16.77%
3Y total return	59.22%
50-day SMA	GBX 1,163.06
50-day SMA vs 200-day SMA	50under200
52-week high	GBX 1,428.50
52-week high date	2026-03-02
52-week low	GBX 1,096.50
52-week low date	2026-09-15
5Y price change	32.11%
5Y return CAGR	12.98%
5Y total return	84.05%
6M price change	-4.34%
6M total return	-1.85%
All-time high	GBX 1,428.50
All-time high date	2026-03-02
All-time low	GBX 211.80
All-time low date	1996-07-16
Average true range (ATR)	GBX 23.17
Average volume	9M
Beta (1Y)	0.56
Beta (2Y)	0.23
Beta (5Y)	0.58
Change from 52-week high	-13.37%
Change from 52-week low	12.86%
Change from all-time high	-13.37%
Change from all-time low	484.28%
Change from open	1.73%
Day's gap	-0.37%
Dollar volume	GBX 7.7B
High price	GBX 1,244.50
Low price	GBX 1,216.00
Monthly RSI	56.89
Open price	GBX 1,216.50
Position in 52-week range	75.44%
Previous close	GBX 1,221.00
Price vs 150-day SMA	1.69%
Price vs 20-day SMA	4.42%
Price vs 200-day SMA	0.03%
Price vs 50-day SMA	6.4%
Relative volume	0.71
RSI	69.42
Sharpe ratio	0.47
Sharpe ratio (3Y)	0.66
Sharpe ratio (5Y)	0.52
Sortino ratio	0.89
Sortino ratio (3Y)	1.14
Sortino ratio (5Y)	0.98
Volume	6.2M
Weekly RSI	56.03
YTD price change	8.41%
YTD total return	11.23%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	5B
Shares change (QoQ)	0.85%
Shares change (YoY)	5.12%
Shares held by insiders	0.06%
Shares held by institutions	79.16%
Shares outstanding	5B

Deeper analysis on LON/NG

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

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Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

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Risks

Kill scenarios, soft-pass flags, and downside catalysts.

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Earnings

Next earnings setup and beat / inline / miss thresholds.

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Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

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Financials

Revenue, margins, cash flow, and balance-sheet context.

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Peers

Relative valuation and profitability against the cohort.

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Moat

Economic-profit evidence and competitive advantage risk.

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Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Frequently asked questions

About this LON/NG report

Is a complete LON/NG research report available?

No complete published report is available for lon/NG (LON/NG) on this page. Market-directory data, when present, is not a substitute for a validated stock analysis.

LON/NG (LON/NG)

Price

Financial snapshot

Fair-value bridge

Latest news · LON/NG

Valuation

Profitability

Balance sheet

Trading

Next earnings

Sector percentile context

All LON/NG indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on LON/NG

Frequently asked questions