Saturday 17 October 2026
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National Grid Transco, PLC
NGG Utilities Utilities Regulated Electric
National Grid Transco, PLC’s revenue for fiscal 2026 (year ended March 2026) was $23.7 billion, up 1.11% from fiscal 2025.
81.22
2.15
+2.72%
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| Mar '17 | Mar '18 | Mar '19 | Mar '20 | Mar '21 | Mar '22 | Mar '23 | Mar '24 | Mar '25 | Mar '26 | |
|---|---|---|---|---|---|---|---|---|---|---|
Piotroski F-Score |
5 | 6 | 5 | 3 | 7 | 6 | 5 | 4 | 7 | 6 |
P/E ratio |
4.89 | 5.68 | 94.15 | 56.29 | 55.91 | 52.11 | 19.75 | 18.61 | 18.00 | 23.21 |
Altman Z-Score |
1.45 | 1.37 | 1.25 | 1.16 | 1.26 | 1.00 | 1.28 | 1.15 | 1.31 | 1.39 |
P/S ratio |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Altman Z″-Score (non-manufacturers) |
2.22 | 1.87 | 1.78 | 1.50 | 1.91 | 1.11 | 1.96 | 1.76 | 2.34 | 2.06 |
P/FCF ratio |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
P/Operating CF |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Beneish M-Score |
(2.35) | (2.60) | (2.54) | (2.76) | (2.79) | (2.37) | (2.55) | (2.92) | (2.56) | (2.66) |
Dividend Safety Score |
— | — | — | — | — | — | — | — | — | 20 |
P/B ratio |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Price to Tangible BV |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
EV/Sales |
0.00 | 0.00 | 0.00 | 0.97 | 0.98 | 1.29 | 0.97 | 1.06 | 1.01 | 1.15 |
EV/EBITDA |
0.00 | 0.00 | 0.00 | 2.82 | 3.05 | 4.19 | 3.61 | 3.84 | 3.69 | 4.18 |
EV/Operating CF |
1.13 | 1.70 | 2.08 | 2.22 | 2.25 | 2.85 | 2.08 | 2.27 | 2.12 | 2.13 |
EV/FCF |
3.47 | 7.47 | 14.57 | 34.71 | (112.34) | 37.28 | 26.82 | (37.16) | (8.98) | (6.22) |
Quick Ratio |
1.25 | 0.73 | 0.62 | 0.61 | 0.63 | 0.30 | 0.75 | 0.68 | 1.05 | 0.71 |
Current Ratio |
1.29 | 0.77 | 0.87 | 0.68 | 1.06 | 0.73 | 1.00 | 0.91 | 1.35 | 0.76 |
Net Debt/EBITDA |
3.96 | 4.62 | 5.92 | 6.48 | 6.19 | 6.75 | 5.84 | 6.54 | 5.46 | 5.69 |
Debt/Assets |
43.50% | 45.29% | 45.63% | 45.90% | 46.45% | 47.93% | 46.37% | 47.87% | 44.54% | 43.18% |
Debt/Equity |
1.40 | 1.41 | 1.48 | 1.57 | 1.57 | 1.91 | 1.45 | 1.57 | 1.26 | 1.19 |
Asset Turnover |
0.23 | 0.25 | 0.24 | 0.22 | 0.22 | 0.23 | 0.22 | 0.21 | 0.18 | 0.17 |
Operating CF/Net income |
0.67 | 1.27 | 2.86 | 3.65 | 2.72 | 2.67 | 0.88 | 3.03 | 2.35 | 2.42 |
Capex/Depreciation |
(2.36) | (2.55) | (2.46) | (2.95) | (2.86) | (3.02) | (3.43) | (3.59) | (3.74) | (4.68) |
Interest Coverage |
2.81 | 3.89 | 2.48 | 2.38 | 3.12 | 4.08 | 3.05 | 2.61 | 2.73 | 3.19 |
| 43.45% | 18.24% | 7.87% | 6.39% | 8.43% | 10.97% | 27.55% | 7.86% | 8.63% | 8.60% | |
| 11.71% | 5.74% | 2.47% | 1.91% | 2.48% | 2.96% | 7.79% | 2.45% | 2.85% | 3.09% | |
ROIC |
5.15% | 5.19% | 3.92% | 3.60% | 3.76% | 4.16% | 4.38% | 3.85% | 3.94% | 4.09% |
Return on Tangible Assets |
18.18% | 9.38% | 3.54% | 2.75% | 3.44% | 4.64% | 12.09% | 3.37% | 3.73% | 4.09% |
Average Days of Receivables |
75.23 | 69.70 | 80.15 | 77.52 | 73.75 | 75.60 | 66.16 | 63.00 | 81.49 | 80.13 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Intangible Assets out of Total Assets |
0.11 | 0.11 | 0.11 | 0.11 | 0.09 | 0.14 | 0.15 | 0.13 | 0.12 | 0.12 |
Share Based Compensation of Revenue |
0.21% | 0.10% | 0.18% | 0.13% | 0.18% | 0.21% | 0.22% | 0.19% | 0.20% | 0.25% |
Graham Net Nets |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Graham Number |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Earnings Yield |
20.46% | 17.61% | 1.06% | 1.78% | 1.79% | 1.92% | 5.06% | 5.37% | 5.56% | 4.31% |
Free Cash Flow Yield |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Revenue per Share |
26.12 | 29.23 | 28.95 | 26.71 | 27.44 | 35.01 | 35.67 | 33.79 | 24.91 | 23.96 |
Operating CF per Share |
9.08 | 8.63 | 8.37 | 8.48 | 8.28 | 11.90 | 11.36 | 11.81 | 9.23 | 10.61 |
Capex per Share |
(6.08) | (7.48) | (7.57) | (8.88) | (8.88) | (10.47) | (11.21) | (12.60) | (12.58) | (14.24) |
Free Cash Flow per Share |
3.00 | 1.15 | 0.80 | (0.39) | (0.59) | 1.43 | 0.15 | (0.79) | (3.35) | (3.63) |
Cash per Share |
17.50 | 6.57 | 4.54 | 3.97 | 5.49 | 6.89 | 4.81 | 7.32 | 9.55 | 4.12 |
Shareholders Equity per Share |
35.41 | 36.12 | 37.55 | 35.97 | 36.88 | 45.27 | 48.69 | 50.89 | 51.26 | 53.29 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
35.41 | 36.12 | 37.55 | 35.97 | 36.88 | 45.27 | 48.69 | 50.89 | 51.26 | 53.29 |
Free Cash Flow |
2,259.01 | 798.67 | 544.81 | (272.08) | (417.35) | 1,029.81 | 112.09 | (580.73) | (3,153.77) | (3,589.33) |
Working Capital |
4,004.26 | (2,674.63) | (1,553.04) | (3,512.88) | 745.74 | (9,297.00) | 43.39 | (1,269.57) | 4,734.50 | (3,098.77) |
Capital Expenditures |
(4,576.86) | (5,175.46) | (5,123.86) | (6,143.40) | (6,253.67) | (7,536.48) | (8,202.07) | (9,303.06) | (11,839.42) | (14,082.54) |
Net Current Asset Value |
(41,679.34) | (44,123.39) | (46,798.69) | (53,022.47) | (48,953.97) | (72,443.40) | (65,048.84) | (72,973.88) | (69,638.26) | (82,382.87) |
EV/EBIT |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Capex to Sales |
0.23 | 0.26 | 0.26 | 0.33 | 0.32 | 0.30 | 0.31 | 0.37 | 0.51 | 0.59 |
Price to Operating Income |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.04 | 0.04 | 0.04 | 0.03 | 0.04 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 |
Cash ROIC |
2.92% | 1.23% | 0.82% | (0.41%) | (0.59%) | 1.03% | 0.12% | (0.57%) | (2.68%) | (3.00%) |
Accounts Receivable Turnover |
5.08 | 5.11 | 4.80 | 4.49 | 4.94 | 5.52 | 5.25 | 5.52 | 4.91 | 4.54 |
Accounts Payable Turnover |
3.29 | 3.44 | 3.32 | 3.14 | 3.39 | 3.40 | 3.34 | 3.44 | 3.17 | 2.74 |
Inventory Turnover |
26.22 | 31.86 | 33.76 | 25.26 | 24.44 | 30.23 | 24.42 | 18.45 | 19.59 | 23.40 |
Average Days of Payables |
106.10 | 107.20 | 114.04 | 111.80 | 108.02 | 127.43 | 104.10 | 96.69 | 121.41 | 144.60 |
Days of Inventory on Hand |
12.44 | 10.59 | 11.20 | 17.04 | 13.48 | 13.25 | 17.99 | 19.64 | 15.12 | 16.01 |
Average Receivables |
3,871.38 | 3,957.34 | 4,084.01 | 4,115.38 | 3,916.33 | 4,562.65 | 4,975.37 | 4,519.25 | 4,770.54 | 5,219.50 |
Average Payables |
4,699.99 | 4,537.80 | 4,764.52 | 4,763.76 | 4,590.44 | 5,657.10 | 6,410.68 | 5,616.00 | 5,414.45 | 6,236.28 |
Average Inventory |
589.71 | 489.62 | 469.07 | 591.87 | 636.17 | 636.13 | 876.88 | 1,048.32 | 875.71 | 729.92 |
Average Assets |
87,039.39 | 82,032.67 | 80,325.27 | 83,977.39 | 86,617.83 | 108,749.25 | 120,643.75 | 117,661.10 | 129,887.95 | 140,655.20 |
Average Common Equity |
23,452.31 | 25,826.82 | 25,216.63 | 25,163.36 | 25,440.97 | 29,282.69 | 34,106.81 | 36,602.67 | 42,916.33 | 50,486.21 |
Columns are period end dates