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National Grid PLC
SWB:NNGF

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National Grid PLC
SWB:NNGF
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Price: 15.1 EUR 4.86% Market Closed
Market Cap: €61.1B

EV/EBIT

19.9
Current
23%
More Expensive
vs 3-y average of 16.1

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
19.9
=
Enterprise Value
€106.5B
/
EBIT
£5.2B

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
19.9
=
Enterprise Value
€106.5B
/
EBIT
£5.2B

Valuation Scenarios

National Grid PLC is trading above its 3-year average

If EV/EBIT returns to its 3-Year Average (16.1), the stock would be worth €12.28 (19% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-100%
Maximum Upside
No Upside Scenarios
Average Downside
58%
Scenario EV/EBIT Value Implied Price Upside/Downside
Current Multiple 19.9 €15.1
0%
3-Year Average 16.1 €12.28
-19%
5-Year Average 16.9 €12.89
-15%
Industry Average 0.1 €0.08
-99%
Country Average 0 €0.02
-100%

Forward EV/EBIT
Today’s price vs future ebit

Today's Enterprise Value EBIT Forward EV/EBIT
€106.5B
/
Oct 2025
£5.2B
=
19.9
Current
€106.5B
/
Mar 2026
£5.9B
=
18
Forward
€106.5B
/
Mar 2027
£6.8B
=
15.6
Forward
€106.5B
/
Mar 2028
£7.6B
=
14
Forward
€106.5B
/
Mar 2029
£8.4B
=
12.7
Forward

Forward EV/EBIT shows whether today’s EV/EBIT still looks high or low once future ebit are taken into account.

Peer Comparison

All Multiples
EV/EBIT
P/E
All Countries
Close
Market Cap EV/EBIT P/E
UK
National Grid PLC
SWB:NNGF
64.3B EUR 19.9 22.2
FR
Engie SA
PAR:ENGI
68.8B EUR 12.6 19.3
US
Sempra Energy
NYSE:SRE
60.8B USD 30.5 33.9
DE
E.ON SE
XETRA:EOAN
48.7B EUR 12.3 28.1
US
Dominion Energy Inc
NYSE:D
55B USD 20.5 18.6
US
Sempra
VSE:SREN
43.4B EUR 27 27.8
DE
RWE AG
XETRA:RWE
42.8B EUR 35.2 13.7
US
Public Service Enterprise Group Inc
NYSE:PEG
40.2B USD 21.2 19
US
Consolidated Edison Inc
NYSE:ED
39.4B USD 22.3 19.5
US
WEC Energy Group Inc
NYSE:WEC
37.3B USD 24.5 24
DE
E ON SE
MIL:EOAN
31.3B EUR 35.4 26.7
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
UK
National Grid PLC
SWB:NNGF
Average EV/EBIT: 23.8
19.9
14%
1.4
FR
Engie SA
PAR:ENGI
12.6
8%
1.6
US
Sempra Energy
NYSE:SRE
30.5
8%
3.8
DE
E.ON SE
XETRA:EOAN
12.3
4%
3.1
US
Dominion Energy Inc
NYSE:D
20.5
10%
2.1
US
S
Sempra
VSE:SREN
27
8%
3.4
DE
RWE AG
XETRA:RWE
35.2
49%
0.7
US
Public Service Enterprise Group Inc
NYSE:PEG
21.2
11%
1.9
US
Consolidated Edison Inc
NYSE:ED
22.3
18%
1.2
US
WEC Energy Group Inc
NYSE:WEC
24.5
15%
1.6
DE
E ON SE
MIL:EOAN
35.4
-30%
N/A

Market Distribution

Higher than 96% of companies in United Kingdom
Percentile
96th
Based on 1 864 companies
96th percentile
20.4
Low
0 — 0
Typical Range
0 — 0.1
High
0.1 —
Distribution Statistics
United Kingdom
Min 0
30th Percentile 0
Median 0
70th Percentile 0.1
Max 1 015

National Grid PLC
Glance View

National Grid PLC is an energy giant that plays a pivotal role in powering economies and ensuring the smooth flow of electricity and gas across vast landscapes. At its core, National Grid operates as a transmission company, owning and managing extensive networks of electricity and gas that form the backbone of energy infrastructure in the UK and northeastern United States. The company is like a master conductor in the complex orchestra of energy vital for connecting power generators with homes and businesses. This seamless operation involves an intricate dance of technology and logistics to ensure that energy is not only delivered efficiently but also reliably, adhering to stringent regulations and leveraging state-of-the-art systems to monitor and respond to demands in real-time. National Grid primarily makes its money through regulated revenues, derived from the rates it charges utility companies for using its transmission networks. These rates are determined by regulatory bodies, offering the company a stable and predictable income stream. Moreover, while the foundations of its business are rooted in these regulated activities, National Grid has also been investing significantly in renewable energy projects and smart grid technologies. This diversification strategy aims to position the company at the forefront of the energy transition towards a more sustainable future. Through these endeavors, National Grid not only bolsters its own financial health but also plays a crucial role in supporting wider environmental goals and policies aimed at reducing carbon emissions.

NNGF Intrinsic Value
17.16 EUR
Undervaluation 12%
Intrinsic Value
Price €15.1
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