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National Grid PLC (NYSE:NGG)
Book Value Per Share
$25.88 (As of Mar. 2014)

National Grid PLC's book value per share for the quarter that ended in Mar. 2014 was $25.88.

During the past 12 months, National Grid PLC's average Book Value Per Share Growth Rate was 14.40% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 7.60% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 15.00% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 16.90% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of National Grid PLC was 67.60% per year. The lowest was -61.90% per year. And the median was 6.30% per year.

National Grid PLC's current price is $76.56. Its book value per share for the quarter that ended in Mar. 2014 was $25.88. Hence, today's P/B Ratio of National Grid PLC is 2.80.

During the past 13 years, the highest P/B Ratio of National Grid PLC was 15.64. The lowest was 2.29. And the median was 3.59.

Good Sign:

National Grid PLC stock P/B Ratio (=2.8) is close to 2-year low of 2.62


Definition

National Grid PLC's Book Value Per Share for the fiscal year that ended in Mar. 2014 is calculated as:

Book Value Per Share=(Total Equity-Preferred Stock)/Total Shares Outstanding
=(19,951-0)/771
=25.88

National Grid PLC's Book Value Per Share for the quarter that ended in Mar. 2014 is calculated as:

Book Value Per Share=(Total Equity-Preferred Stock)/Total Shares Outstanding
=(19,951-0)/771
=25.88

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Theoretically it is what the shareholders will receive if the company is liquidated. Total equity is a balance sheet item and equal to total assets less total liabilities of the company.

Book value may include intangible items which may come from the company’s past acquisitions. Book value less intangibles is called Tangible Book.


Explanation

Usually a company’s book value and Tangible Book Value per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.

For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.


Related Terms

Total Equity, Preferred Stock, Total Shares Outstanding, Tangible Book Value per Share


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

National Grid PLC Annual Data

Mar05Mar06Mar07Mar08Mar09Mar10Mar11Mar12Mar13Mar14
Book Value Per Share 4.7511.3515.1820.5411.3112.3020.3219.9720.6425.88

National Grid PLC Semi-Annual Data

Sep09Mar10Sep10Mar11Sep11Mar12Sep12Mar13Sep13Mar14
Book Value Per Share 9.1812.3016.5120.3218.0219.9719.6820.6424.2125.88
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