NGG Valuation

National Grid PLC

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76.290

+0.92(1.221%)1D

NGG Relative Valuation

NGG's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, NGG is overvalued; if below, it's undervalued.

Historical Valuation

National Grid PLC (NGG) is now in the Fair zone, suggesting that its current forward PE ratio of 14.57 is considered Fairly compared with the five-year average of 13.48. The fair price of National Grid PLC (NGG) is between 61.35 to 95.14 according to relative valuation methord.

Relative Value

Fair Zone

61.35-95.14

Current Price：75.37

Fair

14.57

Trailing

Forward

12.16

EV/EBITDA

National Grid PLC. (NGG) has a current EV/EBITDA of 12.16. The 5-year average EV/EBITDA is 11.75. The thresholds are as follows: Strongly Undervalued below 10.09, Undervalued between 10.09 and 10.92, Fairly Valued between 12.57 and 10.92, Overvalued between 12.57 and 13.40, and Strongly Overvalued above 13.40. The current Forward EV/EBITDA of 12.16 falls within the Historic Trend Line -Fairly Valued range.

17.11

EV/EBIT

National Grid PLC. (NGG) has a current EV/EBIT of 17.11. The 5-year average EV/EBIT is 17.18. The thresholds are as follows: Strongly Undervalued below 14.68, Undervalued between 14.68 and 15.93, Fairly Valued between 18.43 and 15.93, Overvalued between 18.43 and 19.68, and Strongly Overvalued above 19.68. The current Forward EV/EBIT of 17.11 falls within the Historic Trend Line -Fairly Valued range.

57.75

National Grid PLC. (NGG) has a current PS of 57.75. The 5-year average PS is 2.30. The thresholds are as follows: Strongly Undervalued below -3.25, Undervalued between -3.25 and -0.48, Fairly Valued between 5.08 and -0.48, Overvalued between 5.08 and 7.85, and Strongly Overvalued above 7.85. The current Forward PS of 57.75 falls within the Strongly Overvalued range.

7.19

P/OCF

National Grid PLC. (NGG) has a current P/OCF of 7.19. The 5-year average P/OCF is 6.56. The thresholds are as follows: Strongly Undervalued below 5.29, Undervalued between 5.29 and 5.93, Fairly Valued between 7.19 and 5.93, Overvalued between 7.19 and 7.83, and Strongly Overvalued above 7.83. The current Forward P/OCF of 7.19 falls within the Historic Trend Line -Fairly Valued range.

-13.53

P/FCF

National Grid PLC. (NGG) has a current P/FCF of -13.53. The 5-year average P/FCF is -14.42. The thresholds are as follows: Strongly Undervalued below -52.97, Undervalued between -52.97 and -33.69, Fairly Valued between 4.86 and -33.69, Overvalued between 4.86 and 24.14, and Strongly Overvalued above 24.14. The current Forward P/FCF of -13.53 falls within the Historic Trend Line -Fairly Valued range.

National Grid PLC (NGG) has a current Price-to-Book (P/B) ratio of 7.48. Compared to its 3-year average P/B ratio of 1.74 , the current P/B ratio is approximately 330.40% higher. Relative to its 5-year average P/B ratio of 1.69, the current P/B ratio is about 341.93% higher. National Grid PLC (NGG) has a Forward Free Cash Flow (FCF) yield of approximately -3.47%. Compared to its 3-year average FCF yield of -0.14%, the current FCF yield is approximately 2337.13% lower. Relative to its 5-year average FCF yield of 0.54% , the current FCF yield is about -740.13% lower.

7.48

P/B

Median3y

1.74

Median5y

1.69

-3.47

FCF Yield

Median3y

-0.14

Median5y

0.54

Competitors Valuation Multiple

The average P/S ratio for NGG's competitors is 101.56, providing a benchmark for relative valuation. National Grid PLC Corp (NGG) exhibits a P/S ratio of 57.75, which is -43.13% above the industry average. Given its robust revenue growth of %, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

P/S

Revenue Growth

Market Cap

American Electric Power Company Inc

Performance Decomposition

Market capitalization of NGG increased by 0.00% over the past 1 year. The primary factor behind the change was an decrease in Unknown from 0.00 to 0.00.

The secondary factor is the Unknown, contributed 0.00%to the performance.

Overall, the performance of NGG in the past 1 year is driven by Unknown.