National Grid PLC
LSE:NG

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National Grid PLC
LSE:NG
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Price: 1 091 GBX 0.23% Market Closed
Market Cap: 53.4B GBX

Relative Value

The Relative Value of one NG stock under the Base Case scenario is 2 062.63 GBX. Compared to the current market price of 1 091 GBX, National Grid PLC is Undervalued by 47%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

NG Relative Value
Base Case
2 062.63 GBX
Undervaluation 47%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
4
vs Industry
34
Median 3Y
2.2
Median 5Y
2.3
Industry
1.7
Forward
2.7
vs History
57
vs Industry
17
Median 3Y
14.4
Median 5Y
20.5
Industry
14.9
Forward
14.2
vs History
12
vs Industry
40
Median 3Y
6.5
Median 5Y
7.3
Industry
7
vs History
vs Industry
25
Median 3Y
-7.4
Median 5Y
4.2
Industry
14
vs History
69
vs Industry
48
Median 3Y
1.4
Median 5Y
1.7
Industry
1.4
vs History
6
vs Industry
32
Median 3Y
4.1
Median 5Y
4.2
Industry
2.8
Forward
4.6
vs History
vs Industry
62
Median 3Y
0
Median 5Y
0
Industry
7.6
vs History
44
vs Industry
38
Median 3Y
12.4
Median 5Y
12.6
Industry
10.3
Forward
10.8
vs History
42
vs Industry
38
Median 3Y
17.7
Median 5Y
18.3
Industry
14.8
Forward
15.5
vs History
25
vs Industry
35
Median 3Y
12.2
Median 5Y
12.6
Industry
10.9
vs History
vs Industry
3
Median 3Y
-33.7
Median 5Y
-49
Industry
16.8
vs History
38
vs Industry
42
Median 3Y
0.9
Median 5Y
0.9
Industry
0.9

Multiples Across Competitors

NG Competitors Multiples
National Grid PLC Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
UK
National Grid PLC
LSE:NG
53.4B GBP 2.9 18.4 13 18.9
FR
Engie SA
PAR:ENGI
46B EUR 0.6 11.4 5.2 8.6
US
Sempra Energy
NYSE:SRE
50.6B USD 3.8 17.3 15.3 27.9
US
Sempra
VSE:SREN
43.4B EUR 3.7 16.7 15 27.3
US
Dominion Energy Inc
NYSE:D
48B USD 3.2 23.7 13.5 21.1
DE
E.ON SE
XETRA:EOAN
40.9B EUR 0.5 9 4.9 7.2
US
Public Service Enterprise Group Inc
NYSE:PEG
39.4B USD 3.7 21.5 15.3 24.1
US
Consolidated Edison Inc
NYSE:ED
37.5B USD 2.4 19.8 12.6 22.3
DE
E ON SE
MIL:EOAN
31.3B EUR 0.4 26.7 9.9 35.4
US
WEC Energy Group Inc
NYSE:WEC
34.1B USD 3.8 20.9 14.1 22.5
US
DTE Energy Co
NYSE:DTE
28.3B USD 2.1 18.5 12.7 22.7
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
UK
National Grid PLC
LSE:NG
Average EV/EBITDA: 11.9
13
14%
0.9
FR
Engie SA
PAR:ENGI
5.2
0%
N/A
US
Sempra Energy
NYSE:SRE
15.3
9%
1.7
US
S
Sempra
VSE:SREN
15
9%
1.7
US
Dominion Energy Inc
NYSE:D
13.5
14%
1
DE
E.ON SE
XETRA:EOAN
4.9
-8%
N/A
US
Public Service Enterprise Group Inc
NYSE:PEG
15.3
13%
1.2
US
Consolidated Edison Inc
NYSE:ED
12.6
13%
1
DE
E ON SE
MIL:EOAN
9.9
-23%
N/A
US
WEC Energy Group Inc
NYSE:WEC
14.1
11%
1.3
US
DTE Energy Co
NYSE:DTE
12.7
10%
1.3
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
UK
National Grid PLC
LSE:NG
Average EV/EBIT: 21.6
18.9
14%
1.4
FR
Engie SA
PAR:ENGI
8.6
1%
8.6
US
Sempra Energy
NYSE:SRE
27.9
13%
2.1
US
S
Sempra
VSE:SREN
27.3
13%
2.1
US
Dominion Energy Inc
NYSE:D
21.1
17%
1.2
DE
E.ON SE
XETRA:EOAN
7.2
-11%
N/A
US
Public Service Enterprise Group Inc
NYSE:PEG
24.1
16%
1.5
US
Consolidated Edison Inc
NYSE:ED
22.3
14%
1.6
DE
E ON SE
MIL:EOAN
35.4
-30%
N/A
US
WEC Energy Group Inc
NYSE:WEC
22.5
13%
1.7
US
DTE Energy Co
NYSE:DTE
22.7
12%
1.9