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National Grid NGG

US equityMarket cap rank #221Utilities - Regulated Electric
$75.21
−$0.04 (-0.05%)
Market open · Sep 24, 2:00 pm ET
After hours $75.25 0.00%
Open$75.80
Prev close$75.25
Day range$74.80 – $75.82
Volume678.9K
Market cap$75.61B
P/E (TTM)17.4
Dividend yield4.10%

Valuation

Multiples measured against the stock's own five-year history

Price / earnings17.4x
CheapRich

Around its usual level · 55th percentile, 5-year average 15.4x

#1330 of 2977 stocks by PE (1 = cheapest)

Price / book1.5x
CheapRich

Around its usual level · 44th percentile, 5-year average 1.5x

#2181 of 5304 stocks by PB (1 = cheapest)

Price / sales3.2x
CheapRich

Near the top of its 5-year range · 84th percentile, 5-year average 2.4x

#3156 of 5143 stocks by PS (1 = cheapest)

P/E over five years

-10x3x16x29xSep '21Mar '24Sep '26

Dashed line is the 5-year average; the shaded band is one standard deviation either side.

Morningstar fair value estimate

Fair value$98.00
Price vs. fair value-23.3%Trading below the estimate
Star rating★★★★★
Economic moatNarrow
UncertaintyLow
MultipleCurrent5y averagePercentile vs. own historyIndustry rank
PB 1.46 1.51 44% (cheaper than usual) #2181 of 5304 (1 = cheapest)
PE 17.45 15.43 55% (pricier than usual) #1330 of 2977 (1 = cheapest)
PS 3.23 2.42 84% (pricier than usual) #3156 of 5143 (1 = cheapest)

Percentile is against this stock’s own 5-year valuation range: higher means it’s trading rich relative to its own history, lower means cheap relative to its own history — it is not a comparison against other companies.

Morningstar view

Star rating★★★★★
Fair value estimate$98.00
Economic moatNarrow
UncertaintyLow
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