National Grid stock
NGGNYSENational Grid plc, UtilitiesISIN US6362744095
51Score 51 out of 100, Neutral
Price and trend
60 / 100
Price history
+7.7% in one yearThe chart shows daily closes over 20 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.
Below the 200-day line: the price is 0.2% below it.
Since July 2026 the 50-day line has been below the 200-day line; the trend has turned down.
Normal: the price is neither overheated nor sold off (RSI 52).
The price is 11% below its 52-week high. Largest decline in 20 years: 57% (December 2007 to June 2010).
Chart figures for advanced users
- SMA 50$78.98
- Average price of the last 50 trading days, shows the short-term trend.
- SMA 200$83.45
- Average price of the last 200 trading days, shows the long-term trend.
- RSI (14)52
- Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
- MACDbelow the signal line
- Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
- Support$73.54
- The lowest closing price of the last twelve months.
- Resistance$93.93
- The highest closing price of the last twelve months.
Snapshot
Computed from the data by fixed rules, no AI
- National Grid plc belongs to the Regulated Electric industry (United Kingdom) and, with a market value of $83.65B, is number 4 of 79 companies in its industry on MEQIRI.
- American depositary receipt (ADR): 1 ADR = 5 shares.
- In fiscal 2026 it reported revenue of $23.92B (down 2.2% year on year) and earnings of $4.38B (up 13.5%).
Show more
- MEQIRI Score 51 out of 100 (Neutral): rank 136 of 201 in Utilities, median 54.
- The P/E is 15.7 (Regulated Electric median 19.8, own median of recent years 17.7).
- Our model puts fair value at $94.42, with the price 12% below it.
In plain words
The numbers on this page in plain words, written by an AI
Strengths
- Consistently profitableProfit in all 10 fiscal years from 2017 to 2026.
- High marginNet margin 21.1% over the last 12 months, Regulated Electric median 12.1%.Profitability 60
Weaknesses
- DilutionShare count up 26% since 2021.Capital allocation 27
- Negative free cash flowFree cash flow −$4.88B over the last 12 months.Fundamentals 48
Its standout strength is valuation, while growth and capital allocation hold the score back.
Daily figure as of 12 Nov 2026
How the score is calculatedScore overview
Score since yesterday from 52 to 51.
Fundamental quality fluctuates.
Score history
The full history of up to 20 years comes with MEQIRI Pro.
See plansCrash risk medium
How well MEQIRI warnsIn the middle among stocks ranked 101 to 1,000.
From 2016 to 2025, 13 in 100 such stocks fell 30% or more within a year, against a group average of 15 in 100.
What drives the risk
- weak fundamentals
Valuation
Valuation signal
Modestly undervaluedIn our model the price counts as cheap below $78.68 and expensive above $118.03 (uncertainty low, based on the price swings of the past year).
The two parts of the fair value come to $83.91 (cash-flow model) and $104.93 (industry comparison), and the gap between them shows how uncertain the estimate is. The price is below both.
Calculated with a cost of equity of 7.8%. At 8.8% the fair value would be $86.04, at 6.8% it would be $108.37.
Valuation metrics
Half from the dividend model, half from earnings times the industry P/E (19.8).
Calculate with your own assumptionsCompany performance
This shows several years of history with an automatic assessment.
Revenue
In the twelve months to 30 Sep 2026, revenue rose 9.5% on the twelve months before. Revenue has grown solidly since 2007, at about 4% per year.
Margins
- Gross margin
- Operating margin
- Net margin
In fiscal 2026: gross 33%, operating 33%, net 18%.
Debt & balance sheet
latest quarterDebt is elevated. Keep an eye on the interest burden and refinancing.
Earnings
- Next earnings
- 20 May 2027in 189 days
- Last reported
- 5 Nov 2026above expectations
Analyst estimates
Earnings estimates have barely changed since 15 Oct 2026.
- Earnings per share
- 4.62+1.6%
- Revenue
- $27.18B+2.6%
- Earnings per share
- 5.03+1.1%
- Revenue
- $29.78B+4.1%
MEQIRI has stored the estimates since 15 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.
Company outlook confirmed
Share price after the results: −7.3%Underlying EPS grew 8% as guided; the new five-year plan has the regulated asset base growing about 50% to more than GBP 45 billion.
“businesses, we expect to grow our regulated asset base by around 50% over the next five years to more than GBP 45 billion.”The outlook is not part of the score and not a recommendation to buy or sell.
From the earnings call on 14 May 2026 (fiscal Q4 2026), read by AI.
Insiders
Open-market purchases and sales by executives, board members and major holders
No open-market purchases or sales in the last 6 months.
Source: Form 4 filings with the US Securities and Exchange Commission. Grants, option exercises, gifts and tax withholdings are hidden. Not a recommendation to buy.
What happened at National Grid
The key events of the last six months from our own data. A click takes you to the matching card.
Sector comparison
201 rated companies in Utilities
- This company
- 51
- Sector median
- 54
Categories against the sector median
The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.
Competitors in Regulated Electric
The next larger and next smaller companies by market value
- NextEra EnergyNEE $180.35B56
- SouthernSO $107.95B54
- Duke EnergyDUK $100.4B61
- American Electric PowerAEP $70.36B56
- Dominion EnergyD $59.86B53
- EntergyETR $53.51B51
- Xcel EnergyXEL $52.06B53
- EndesaELE.MC $51.18B72
Data status and sources
- Score
- Daily value of 12 Nov 2026, recalculated nightly
- Price
- Closing price of 11 Nov 2026
- Latest annual report
- Fiscal year 2026, period end 31 Mar 2026
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 11 Nov 2026 ($1 = £0.7515)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 23 Oct 2026)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.