National Grid (CHIX:NGL) Beginning Cash Position: £1,009 Mil (As of Mar. 2026)

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CHIX:NGL National Grid PLC CHIX:NGL
73 GF Score
Price £12.17
GF Value £7.47
Valuation Significantly Overvalued
! 6 Warning Signs
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What is National Grid Beginning Cash Position?

National Grid CHIX:NGL -1.36% 73 Beginning Cash Position is £1,009 Mil as of Mar. 2026. GuruFocus rates CHIX:NGL with a GF Score™ of 73/100 and a GF Value™ of £7.47 (Significantly Overvalued). The stock has 6 warning signs investors should review.

National Grid's Beginning Cash Position for the quarter that ended in Mar. 2026 was £1,009 Mil.

National Grid's quarterly Beginning Cash Position increased from Mar. 2025 (£1,168 Mil) to Sep. 2025 (£1,209 Mil) but then declined from Sep. 2025 (£1,209 Mil) to Mar. 2026 (£1,009 Mil).

National Grid's annual Beginning Cash Position increased from Mar. 2024 (£133 Mil) to Mar. 2025 (£436 Mil) and increased from Mar. 2025 (£436 Mil) to Mar. 2026 (£1,331 Mil).

National Grid Beginning Cash Position Related Terms

National Grid Beginning Cash Position Historical Data

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The historical data trend for National Grid's Beginning Cash Position 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.

National Grid Beginning Cash Position Chart

National Grid Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Beginning Cash Position
Get a 7-Day Free Trial Premium Member Only Premium Member Only 146.00 191.00 133.00 436.00 1,331.00

National Grid Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Beginning Cash Position Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 197.00 393.00 1,168.00 1,209.00 1,009.00
CHIX:NGL
73GF Score
National Grid PLC CHIX:NGL
Beginning Cash Position is just one metric. See GF Score™, valuation, warning signs, and more.
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National Grid Beginning Cash Position Calculation

Beginning Cash Position is the cash and equivalents balance at the beginning of the accounting period, as indicated on the Cash Flow statement.

What does a Beginning Cash Position of £1,009 Mil mean?
National Grid (CHIX:NGL) has a Beginning Cash Position of £1,009 Mil as of Mar. 2026. Beginning Cash Position is the cash and equivalents balance at the beginning of the accounting period, as indicated on the Cash Flow statement. View historical data on National Grid and its competitors.
Is National Grid's Beginning Cash Position too high?
National Grid's current Beginning Cash Position is £1,009 Mil. Overall, National Grid has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does National Grid's Beginning Cash Position compare to NEE and SO?
National Grid's Beginning Cash Position of £1,009 Mil can be compared against companies in the Utilities - Regulated industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Beginning Cash Position for an Utilities - Regulated company?
A good Beginning Cash Position depends on the Utilities - Regulated industry context. However, Beginning Cash Position should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Beginning Cash Position mean?
A high Beginning Cash Position can signal that a stock is expensive relative to its fundamentals. Beginning Cash Position is the cash and equivalents balance at the beginning of the accounting period, as indicated on the Cash Flow statement. View historical data on National Grid and its competitors. National Grid's current Beginning Cash Position is £1,009 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Grid stock overvalued right now?
Based on GuruFocus' analysis, National Grid (CHIX:NGL) is currently considered Significantly Overvalued. The stock's GF Value™ is £7.47, compared to a current price of £12.17 — trading 62.9% above its estimated fair value. The current Beginning Cash Position is £1,009 Mil. National Grid's overall GF Score™ is 73/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Beginning Cash Position calculated?
Beginning Cash Position is calculated from a company's financial statements. For National Grid (CHIX:NGL), the current Beginning Cash Position is £1,009 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is National Grid (CHIX:NGL) Overvalued in 2026?

Based on GuruFocus' analysis, National Grid stock appears to be overvalued. The current stock price of £12.17 is trading 62.9% above its estimated GF Value™ of £7.47. GuruFocus considers National Grid to be Significantly Overvalued.

Key valuation signals for CHIX:NGL:

  • Beginning Cash Position: £1,009 Mil
  • GF Value™: £7.47 vs. price of £12.17 (62.9% above fair value)
  • GF Score™: 73/100 with 6 warning signs

No single metric tells the full story. See the CHIX:NGL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

National Grid Business Description

Address 1-3 Strand, London, GBR, WC2N 5EH
National Grid owns and operates the electric transmission system in England and Wales. It sold the bulk of its UK gas transmission business in fiscal 2023 to fund the acquisition of PPL's UK power distribution assets. In the Northeastern United States, it serves electricity and gas customers combined in three states. It also owns regulated transmission electricity networks in the United States, metering services and merchant transmission lines in the UK.
73GF Score

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Beginning Cash Position is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

£12.17
Price
£7.47
GF Value