Switch to:
National Grid PLC (NYSE:NGG)
Book Value Per Share
\$21.83 (As of Sep. 2016)

National Grid PLC's book value per share for the quarter that ended in Sep. 2016 was \$21.83.

During the past 12 months, National Grid PLC's average Book Value Per Share Growth Rate was 2.50% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 8.60% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 7.10% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 11.90% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the book value growth rate using book value per share data.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of National Grid PLC was 60.60% per year. The lowest was -60.20% per year. And the median was 7.40% per year.

National Grid PLC's current price is \$57.35. Its book value per share for the quarter that ended in Sep. 2016 was \$21.83. Hence, today's P/B Ratio of National Grid PLC is 2.33.

During the past 13 years, the highest P/B Ratio of National Grid PLC was 6.20. The lowest was 2.29. And the median was 3.06.

Good Sign:

National Grid PLC stock P/B Ratio (=2.69) is close to 5-year low of 2.44

Definition

National Grid PLC's Book Value Per Share for the fiscal year that ended in Mar. 2016 is calculated as:

 Book Value Per Share = (Total Equity - Preferred Stock) / Shares Outstanding (EOP) = (19,309 - 0) / 785 = 24.60

National Grid PLC's Book Value Per Share for the quarter that ended in Sep. 2016 is calculated as:

 Book Value Per Share = (Total Equity - Preferred Stock) / Shares Outstanding (EOP) = (16,501 - 0) / 756 = 21.83

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

National Grid PLC Annual Data

 Mar07 Mar08 Mar09 Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Book Value Per Share 13.17 18.39 9.65 10.71 20.06 19.75 20.33 25.67 22.97 24.60

National Grid PLC Semi-Annual Data

 Mar12 Sep12 Mar13 Sep13 Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Book Value Per Share 19.75 19.74 20.33 23.90 25.67 26.16 22.97 24.85 24.60 21.83
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to \$400 per referral. ( Learn More)