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National GridCHIX:NGL +0.57%73 EV-to-EBIT is 18.21 as of Jul. 27, 2026, which is 4% above its 10-year median of 17.58. GuruFocus rates CHIX:NGL with a GF Score™ of 73/100 and a GF Value™ of £7.47 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 463 Utilities - Regulated companies, National Grid ranks worse than 68.47% on this metric.
This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.
National Grid's Enterprise Value for the quarter that ended in Mar. 2026 was £106,934 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. National Grid's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was £5,831 Mil.
* 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 EV-to-EBIT Related Terms
National Grid EV-to-EBIT Historical Data
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The historical data trend for National Grid's EV-to-EBIT 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 EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 EV-to-EBIT vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, National Grid's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where National Grid's EV-to-EBIT falls into.
National Grid's current Enterprise Value is £106,165 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. National Grid's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was £5,831 Mil.
* 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 (CHIX:NGL) has a EV-to-EBIT of 18.21 as of Jul. 27, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on National Grid and its competitors. This is near median its historical median of 17.58. Over the past decade, National Grid's EV-to-EBIT has ranged from 13.34 to 26.85. According to the industry distribution chart, National Grid ranks #317 out of 463 companies in the Utilities - Regulated industry, placing it in the top 68.5%.
Is National Grid's EV-to-EBIT too high?
National Grid's current EV-to-EBIT of 18.21 is near median its 10-year median of 17.58. Over the past 10 years, this metric has ranged from a low of 13.34 to a high of 26.85. The Utilities - Regulated industry median EV-to-EBIT is 13.69. National Grid's value of 18.21 is 33% above this industry median. Based on the distribution chart, National Grid ranks #317 out of 463 companies in the Utilities - Regulated industry, which is below the industry midpoint. 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 EV-to-EBIT compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, National Grid ranks #317 out of 463 companies for EV-to-EBIT. This places National Grid in the lower half of its industry. The industry median EV-to-EBIT is 13.69. National Grid's value of 18.21 is 33% above this benchmark. Historically, National Grid's own EV-to-EBIT has ranged from 13.34 to 26.85 over the past decade. While the company's 10-year median is 17.58 vs. the industry median of 13.69, 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 EV-to-EBIT for an Utilities - Regulated company?
The median EV-to-EBIT among Utilities - Regulated companies is 13.69, based on 463 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBIT significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. National Grid's current EV-to-EBIT of 18.21 is 33% 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 EV-to-EBIT mean?
A high EV-to-EBIT can signal that a stock is expensive relative to its fundamentals. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on National Grid and its competitors. For the Utilities - Regulated industry, the median EV-to-EBIT is 13.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Grid's current EV-to-EBIT is 18.21, which is near median its own 10-year median of 17.58. 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 £12.39 — trading 65.9% above its estimated fair value. The current EV-to-EBIT is 18.21, which is near median its 10-year median of 17.58 and 33% above the Utilities - Regulated industry median of 13.69. National Grid's overall GF Score™ is 73/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBIT calculated?
EV-to-EBIT is calculated from a company's financial statements. For National Grid (CHIX:NGL), the current EV-to-EBIT is 18.21 as of Jul. 27, 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 £12.39 is trading 65.9% above its estimated GF Value™ of £7.47.
GuruFocus considers National Grid to be Significantly Overvalued.
Key valuation signals for CHIX:NGL:
EV-to-EBIT: 18.21 (near median its 10-year median of 17.58)
GF Value™: £7.47 vs. price of £12.39 (65.9% above fair value)
Industry Position: 33% above the Utilities - Regulated median (#317 of 463)
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 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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