National Grid (National Grid) Price-to-Tangible-Book : 2.49 (As of Apr. 25, 2024)

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What is National Grid Price-to-Tangible-Book?

As of today (2024-04-25), National Grid's share price is $66.17. National Grid's Tangible Book per Share of Sep. 2023 for the quarter that ended in Sep. 2023 was $26.57. Hence, National Grid's Price to Tangible Book Ratio of today is 2.49.

The historical rank and industry rank for National Grid's Price-to-Tangible-Book or its related term are showing as below:

NGG' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 2.15 Med: 2.86 Max: 7.16
Current: 2.44

During the past 13 years, National Grid's highest Price to Tangible Book Ratio was 7.16. The lowest was 2.15. And the median was 2.86.

NGG's Price-to-Tangible-Book is ranked worse than
66.88% of 471 companies
in the Utilities - Regulated industry
Industry Median: 1.79 vs NGG: 2.44

A closely related ratio is called PB Ratio. As of today, National Grid's share price is $66.17. National Grid's Book Value per Sharefor the quarter that ended in Sep. 2023 was $49.42. Hence, National Grid's P/B Ratio of today is 1.34.

National Grid Price-to-Tangible-Book Historical Data

The historical data trend for National Grid's Price-to-Tangible-Book can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

National Grid Price-to-Tangible-Book Chart

National Grid Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Price-to-Tangible-Book

Get a 7-Day Free Trial

2.21

2.58

2.20

3.86

2.56

National Grid Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Price-to-Tangible-Book	Get a 7-Day Free Trial															3.96	3.86	2.77	2.56	2.28

Competitive Comparison of National Grid's Price-to-Tangible-Book

For the Utilities - Regulated Electric subindustry, National Grid's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

National Grid's Price-to-Tangible-Book Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, National Grid's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where National Grid's Price-to-Tangible-Book falls into.

National Grid Price-to-Tangible-Book Calculation

National Grid's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Sep. 2023 )
	=	66.17	/	26.565
	=	2.49

It can also be calculated from the numbers for the whole company:

Price to Tangible Book	=	Market Cap	/	Tangible Equity
	=	Market Cap	/	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)

A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.

National Grid Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of National Grid's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

National Grid (National Grid) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » National Grid PLC (NYSE:NGG) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

NGGTF:USA NGl:UK NG.:UK NNGF:Germany NNGF:Germany NNGF:Germany NNGD:Germany N1GG34:Brazil NGG:Argentina

Address

1-3 Strand, London, GBR, WC2N 5EH

Website

https://www.nationalgrid.com

National Grid owns and operates the electric transmission system in England and Wales. It sold the bulk of its U.K. gas transmission business in fiscal 2023 to fund the acquisition of PPL's U.K. power distribution assets. In the Northeastern United States, it serves electricity and gas customers combined in three states. It also owns regulated transmission and electricity generation in the United States, metering services, merchant transmission lines in the U.K., and the Grain (U.K.) liquefied natural gas facility.