National Grid (National Grid) PB Ratio : 1.35 (As of Apr. 26, 2024)

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What is National Grid PB Ratio?

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-04-26), National Grid's share price is $66.76. National Grid's Book Value per Share for the quarter that ended in Sep. 2023 was $49.42. Hence, National Grid's PB Ratio of today is 1.35.

The historical rank and industry rank for National Grid's PB Ratio or its related term are showing as below:

NGG' s PB Ratio Range Over the Past 10 Years
Min: 1.16 Med: 1.66 Max: 3.1
Current: 1.32

During the past 13 years, National Grid's highest PB Ratio was 3.10. The lowest was 1.16. And the median was 1.66.

NGG's PB Ratio is ranked better than
52.93% of 512 companies
in the Utilities - Regulated industry
Industry Median: 1.4 vs NGG: 1.32

During the past 12 months, National Grid's average Book Value Per Share Growth Rate was 12.70% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 12.50% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 6.40% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 9.30% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of National Grid was 61.90% per year. The lowest was -39.90% per year. And the median was 9.30% per year.

Back to Basics: PB Ratio

National Grid PB Ratio Historical Data

The historical data trend for National Grid's PB Ratio 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 PB Ratio Chart

National Grid Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

PB Ratio

Get a 7-Day Free Trial

1.48

1.67

1.53

1.78

1.39

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
PB Ratio	Get a 7-Day Free Trial															1.52	1.78	1.28	1.39	1.23

Competitive Comparison of National Grid's PB Ratio

For the Utilities - Regulated Electric subindustry, National Grid's PB Ratio, along with its competitors' market caps and PB Ratio 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 PB Ratio Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, National Grid's PB Ratio distribution charts can be found below:

* The bar in red indicates where National Grid's PB Ratio falls into.

National Grid PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

National Grid's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Sep. 2023)
	=	66.76	/	49.421
	=	1.35

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

PB Ratio

Market Cap

(Total Stockholders Equity

Preferred Stock)

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

National Grid (NYSE:NGG) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.

Be Aware

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

National Grid PB Ratio Related Terms

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National Grid (National Grid) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » National Grid PLC (NYSE:NGG) » Definitions » PB Ratio

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.