National Grid (MEX:NGGN) Construction In Progress: MXN284,099 Mil (As of Mar. 2026)


MEX:NGGN National Grid PLC MEX:NGGN
74 GF Score
Price MXN1,469.33
GF Value MXN878.31
! 6 Warning Signs
View Full Analysis

What is National Grid Construction In Progress?

National Grid MEX:NGGN 74 Construction In Progress is MXN284,099 Mil as of Mar. 2026. GuruFocus rates MEX:NGGN with a GF Score™ of 74/100 and a GF Value™ of MXN878.31. The stock has 6 warning signs investors should review.

National Grid's quarterly construction in progress declined from Mar. 2025 (MXN239,816 Mil) to Sep. 2025 (MXN0 Mil) but then increased from Sep. 2025 (MXN0 Mil) to Mar. 2026 (MXN284,099 Mil).

National Grid's annual construction in progress increased from Mar. 2024 (MXN148,080 Mil) to Mar. 2025 (MXN239,816 Mil) and increased from Mar. 2025 (MXN239,816 Mil) to Mar. 2026 (MXN284,099 Mil).

National Grid Construction In Progress Historical Data

* Premium members only.

The historical data trend for National Grid's Construction In Progress 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 Construction In Progress Chart

National Grid Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 146,564.90 147,875.00 148,079.93 239,815.57 284,099.18

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
Construction In Progress 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 148,079.93 0.00 239,815.57 0.00 284,099.18
MEX:NGGN
74GF Score
National Grid PLC MEX:NGGN
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

National Grid Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of MXN284,099 Mil mean?
National Grid (MEX:NGGN) has a Construction In Progress of MXN284,099 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on National Grid and its competitors.
Is National Grid's Construction In Progress too high?
National Grid's current Construction In Progress is MXN284,099 Mil. Overall, National Grid has a GF Score™ of 74/100, reflecting its overall financial health beyond just this single metric.
How does National Grid's Construction In Progress compare to NEE and SO?
National Grid's Construction In Progress of MXN284,099 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 Construction In Progress for an Utilities - Regulated company?
A good Construction In Progress depends on the Utilities - Regulated industry context. However, Construction In Progress 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 Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on National Grid and its competitors. National Grid's current Construction In Progress is MXN284,099 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?
National Grid (MEX:NGGN) has a current Construction In Progress of MXN284,099 Mil. The stock's GF Value™ is MXN878.31, compared to a current price of MXN1,469.33 — trading 67.3% above its estimated fair value. The current Construction In Progress is MXN284,099 Mil. National Grid's overall GF Score™ is 74/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For National Grid (MEX:NGGN), the current Construction In Progress is MXN284,099 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 (MEX:NGGN) Overvalued in 2026?

Based on GuruFocus' analysis, National Grid stock appears to be overvalued. The current stock price of MXN1,469.33 is trading 67.3% above its estimated GF Value™ of MXN878.31.

Key valuation signals for MEX:NGGN:

  • Construction In Progress: MXN284,099 Mil
  • GF Value™: MXN878.31 vs. price of MXN1,469.33 (67.3% above fair value)
  • GF Score™: 74/100 with 6 warning signs

No single metric tells the full story. See the MEX:NGGN 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.
74GF Score

Get the complete analysis for MEX:NGGN

Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN1,469.33
Price
MXN878.31
GF Value