National GridNGGTF +4.54%74 EBITDA Margin % is 49.58% as of Mar. 2026, which is 46% above its 10-year median of 33.96. GuruFocus rates NGGTF with a GF Score™ of 74/100 and a GF Value™ of $9.67 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 499 Utilities - Regulated companies, National Grid ranks better than 81.96% on this metric.
EBITDA Margin % is calculated as EBITDA divided by its Revenue. National Grid's EBITDA for the
six
months ended in Mar. 2026 was $7,021 Mil. National Grid's Revenue for the
six
months ended in Mar. 2026 was $14,163 Mil. Therefore, National Grid's EBITDA margin for the quarter that ended in Mar. 2026 was 49.58%.
National Grid (OTCPK:NGGTF) EBITDA Margin % Explanation
EBITDA Margin % is the ratio of EBITDA divided by net sales or Revenue. It is an performance metric measuring company's operating profitability. EBITDA Margin takes depreciation and amortization, interest expense and tax into account, which makes it easy to compare the relative profitability of companies of different sizes in the same industry.
National Grid EBITDA Margin % Related Terms
National Grid EBITDA Margin % Historical Data
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The historical data trend for National Grid's EBITDA Margin % 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.
For the Utilities - Regulated Electric subindustry, National Grid's EBITDA Margin %, along with its competitors' market caps and EBITDA Margin % 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 EBITDA Margin % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, National Grid's EBITDA Margin % distribution charts can be found below:
* The bar in red indicates where National Grid's EBITDA Margin % falls into.
* 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 (NGGTF) has a EBITDA Margin % of 49.58% as of Mar. 2026. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on National Grid and its competitors. This is 46% above median its historical median of 33.96. Over the past decade, National Grid's EBITDA Margin % has ranged from 28.70 to 45.67. According to the industry distribution chart, National Grid ranks #90 out of 499 companies in the Utilities - Regulated industry, placing it in the top 18%.
Is National Grid's EBITDA Margin % too high?
National Grid's current EBITDA Margin % of 49.58% is 46% above median its 10-year median of 33.96. Over the past 10 years, this metric has ranged from a low of 28.70 to a high of 45.67. The Utilities - Regulated industry median EBITDA Margin % is 23.94. National Grid's value of 49.58% is 107.1% above this industry median. Based on the distribution chart, National Grid ranks #90 out of 499 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, National Grid has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does National Grid's EBITDA Margin % compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, National Grid ranks #90 out of 499 companies for EBITDA Margin %. This places National Grid in the top 18% of its industry — outperforming the majority of peers. The industry median EBITDA Margin % is 23.94. National Grid's value of 49.58% is 107.1% above this benchmark. Historically, National Grid's own EBITDA Margin % has ranged from 28.70 to 45.67 over the past decade. While the company's 10-year median is 33.96 vs. the industry median of 23.94, National Grid has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBITDA Margin % for an Utilities - Regulated company?
The median EBITDA Margin % among Utilities - Regulated companies is 23.94, based on 499 companies in the industry. Companies in the top quartile (top 25%) have a EBITDA Margin % significantly above this median, while those in the bottom quartile fall well below. However, EBITDA Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. National Grid's current EBITDA Margin % of 49.58% is 107.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBITDA Margin % mean?
A high EBITDA Margin % can signal that a stock is expensive relative to its fundamentals. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on National Grid and its competitors. For the Utilities - Regulated industry, the median EBITDA Margin % is 23.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Grid's current EBITDA Margin % is 49.58%, which is 46% above median its own 10-year median of 33.96. 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 (NGGTF) is currently considered Significantly Overvalued. The stock's GF Value™ is $9.67, compared to a current price of $16.56 — trading 71.2% above its estimated fair value. The current EBITDA Margin % is 49.58%, which is 46% above median its 10-year median of 33.96 and 107.1% above the Utilities - Regulated industry median of 23.94. National Grid's overall GF Score™ is 74/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBITDA Margin % calculated?
EBITDA Margin % is calculated from a company's financial statements. For National Grid (NGGTF), the current EBITDA Margin % is 49.58% 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 (NGGTF) Overvalued in 2026?
Based on GuruFocus' analysis, National Grid stock appears to be overvalued.
The current stock price of $16.56 is trading 71.2% above its estimated GF Value™ of $9.67.
GuruFocus considers National Grid to be Significantly Overvalued.
Key valuation signals for NGGTF:
EBITDA Margin %: 49.58% (46% above median its 10-year median of 33.96)
GF Value™: $9.67 vs. price of $16.56 (71.2% above fair value)
Industry Position: 107.1% above the Utilities - Regulated median (#90 of 499)
No single metric tells the full story. See the NGGTF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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
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