National Grid PLC (NGG) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of National Grid PLC $49.15, price $76.12, upside -35.4%, quality 34 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? No
- Good quality? No
- Add to watchlist
National Grid PLC
NGG · USWeakest SetupStrongly overvalued and low quality.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 29, 2026.
How to read this chart
60‑month range $36.42 – $91.52 · fair‑value band $36.96 – $74.72 · the $76.12 price screens above the $49.15 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 29, 2026.
Every Wednesday you see whether National Grid PLC ADR is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Company profile
National Grid plc engages in the transmission and distribution of electricity and gas. It operates through UK Electricity Transmission, UK Electricity Distribution, New England, New York, National Grid Ventures, and Other segments. The UK Electricity Transmission segment provides electricity transmission networks in England and Wales.
Show more
National Grid plc engages in the transmission and distribution of electricity and gas. It operates through UK Electricity Transmission, UK Electricity Distribution, New England, New York, National Grid Ventures, and Other segments. The UK Electricity Transmission segment provides electricity transmission networks in England and Wales. The UK Electricity Distribution segment offers electricity distribution services in east and west Midlands, Southwest of England, and South Wales. The New England segment provides electricity and gas supply and distribution, and high-voltage electricity transmission services in New England. The New York segment offers electricity and gas distribution, and electricity transmission services in New York. The National Grid Ventures segment provides transmission services through electricity interconnectors and LNG importation at the Isle of Grain. The Other segment engages in the leasing and sale of commercial property, as well as insurance activities in the United Kingdom. The company was founded in 1990 and is headquartered in London, the United Kingdom.
Stock analysis
National Grid PLC ADR (NGG) currently trades at $76.12, while our model-based Fair Value estimate is $49.15, 35.4% below the price, so the stock looks overvalued today.
Show more
Valuation
Bull case: the Growth Earnings group reads highest at a median of $65.98 per share, and 1 of the 15 models we run sit above the $76.12 price.
Bear case: the Economic Profit group reads lowest at $17.11, and 14 of the 15 models stay below the price. Evidence for this calculation is high.
Scenario range: $36.96 (bear) to $74.72 (bull), the price of $76.12 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 34/100 (below-average quality), in the Utilities sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
National Grid PLC ADR reported revenue of £18.0B in FY2026 versus £18.4B in FY2022, a compound −0.6%/yr. Reported net income was £3.3B in FY2026, compounding +8.8%/yr from FY2022.
Key figures
Market cap $75.7B · P/E ratio 17.3 · P/S ratio 3.18 · EPS (TTM) $4.39 · Dividend yield 4.1% · Net margin 18.3% · Return on equity 8.4% · Return on assets (EBIT) 4.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (medium confidence).
What moves the price
The share trades about 17% below its 52-week high and 9% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Utilities peers we cover trades at −31% fair-value upside, at −35%, NGG screens richer than that median.
Fair Value models
All 15 models by family
Notify me when NGG reaches fair value
Put NGG on your watchlist. We get in touch as soon as price and fair value meet or the trend turns.
Set up alert →Quality Score breakdown
Of which business quality 34 · Market factors (momentum, volatility) 52
Revenue & earnings trend
NGG screens overvalued: fair value 35% below the price. Compare with NextEra Energy, Inc →
Earlier news
- Terragrit Secures Strategic Investment from National Grid Partners to Advance Operational Decision-Making Across Energy and Utilities
- AM Best Affirms Credit Ratings of National Grid Insurance Company (Isle of Man) Limited
Compare National Grid PLC ADR with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Utilities - Regulated Electric · 155 stocks
Valuation Multiplesvs Utilities - Regulated Electric median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
Context: sector, industry, market
- Is the Utilities sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Utilities
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Utilities - Regulated Electric stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| NextEra Energy, Inc NEE | $75.74 | $29.97 | −60% |
| The Southern Company SO | $82.89 | $57.57 | −31% |
| Duke Energy Corporation DUK | $113.41 | $74.88 | −34% |
| American Electric Power Company AEP | $118.64 | $100.03 | −16% |
| Dominion Energy, Inc D | $60.76 | $37.84 | −38% |
| Entergy Corporation ETR | $98.10 | $37.37 | −62% |
| Xcel Energy Inc XEL | $69.39 | $54.92 | −21% |
| Exelon Corporation EXC | $40.32 | $36.01 | −11% |
| Consolidated Edison, Inc ED | $103.33 | $47.76 | −54% |
| PG&E Corporation PCG | $12.34 | $17.85 | +45% |
Explore undervalued stocks
More undervalued Utilities stocks →
Try a ready-made strategy
Pick a strategy and jump into the live analysis with that exact screen applied.
Discover tools
Frequently asked questions
Is National Grid PLC (NGG) overvalued or undervalued?
What is the fair value of NGG?
What is the quality score of NGG?
What is the price target for National Grid PLC (NGG)?
What is the National Grid PLC ADR stock forecast for 2026?
What is the revenue of National Grid PLC (NGG)?
Does National Grid PLC ADR pay a dividend?
What is the intrinsic value of National Grid PLC (NGG)?
Is National Grid PLC ADR stock overvalued or undervalued in 2026?
Is fair value the same as the market price of NGG?
How much is National Grid PLC ADR worth?
What do the bullish and bearish scenarios say about NGG?
What is the P/E ratio of NGG?
What is the PEG ratio of NGG?
How solid is the balance sheet of National Grid PLC (NGG)?
How far is NGG from its 52-week high?
Which stocks are comparable to National Grid PLC ADR?
Is National Grid PLC ADR stock attractive at the current price?
How is the fair value of NGG calculated?
Is it still worth investing in stocks now?
What is the share price of National Grid PLC (NGG)?
What should I pay attention to with National Grid PLC ADR right now?
Where does the earnings growth of National Grid PLC (NGG) come from?
Key figures of National Grid PLC ADR
How large is the market capitalisation of National Grid PLC (NGG)?
What is the P/S ratio of National Grid PLC (NGG)?
What are the earnings per share of National Grid PLC (NGG)?
What is the dividend yield of National Grid PLC (NGG)?
What is the net margin of National Grid PLC (NGG)?
What is the return on equity of National Grid PLC (NGG)?
What is the EBIT return on assets of National Grid PLC (NGG)?
What is the operating margin of National Grid PLC (NGG)?
How fast is revenue growing at National Grid PLC (NGG)?
How fast are earnings growing at National Grid PLC (NGG)?
How much free cash flow does National Grid PLC (NGG) generate?
How much net debt does National Grid PLC (NGG) carry?
Continue in the live analysis
Fair value and trend for 35,000+ stocks, watchlist, comparison and the diversification check. You can also try 14 days of Pro there, no card.
Open the live analysis →Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.