Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, National Grid's Enterprise Value is £105,930 Mil.
National Grid's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was £5,831 Mil. Therefore, National Grid's EV-to-EBIT ratio for today is 18.17.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, National Grid's Enterprise Value is £105,930 Mil.
National Grid's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was £8,078 Mil. Therefore, National Grid's EV-to-EBITDA ratio for today is 13.11.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, National Grid's Enterprise Value is £105,930 Mil.
National Grid's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was £17,687 Mil. Therefore, National Grid's EV-to-Revenue ratio for today is 5.99.
EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, National Grid's Enterprise Value is £105,930 Mil.
National Grid's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was £-2,746 Mil. Therefore, National Grid's EV-to-FCF ratio for today is -38.58.
*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.
National Grid (CHIX:NGl) Enterprise Value Explanation
When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.
If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.
The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.
For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.
Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.
1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.
National Grid's current Enterprise Value is £105,930 Mil.
For company reported semi-annually or 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.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
National Grid's current Enterprise Value is £105,930 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. National Grid's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was £8,078 Mil.
National Grid's current Enterprise Value is £105,930 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. National Grid's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was £17,687 Mil.
National Grid's current Enterprise Value is £105,930 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. National Grid's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was £7,829 Mil.
National Grid's current Enterprise Value is £105,930 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. National Grid's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was £-2,746 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 Enterprise Value Related Terms
National Grid Enterprise Value Historical Data
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The historical data trend for National Grid's Enterprise Value 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.
CHIX:NGL vs NEE, SO, DUK: Enterprise Value Comparison
For the Utilities - Regulated Electric subindustry, National Grid's Enterprise Value, along with its competitors' market caps and Enterprise Value 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 Enterprise Value vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, National Grid's Enterprise Value distribution charts can be found below:
* The bar in red indicates where National Grid's Enterprise Value falls into.
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
National Grid's Enterprise Value for the fiscal year that ended in Mar. 2026 is calculated as
* 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.
What does a Enterprise Value of £105,930 Mil mean?
National Grid (CHIX:NGL) has a Enterprise Value of £105,930 Mil as of Jun. 27, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on National Grid and its competitors.
Is National Grid's Enterprise Value too high?
National Grid's current Enterprise Value is £105,930 Mil. 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 Enterprise Value compare to NEE and SO?
National Grid's Enterprise Value of £105,930 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 Enterprise Value for an Utilities - Regulated company?
A good Enterprise Value depends on the Utilities - Regulated industry context. However, Enterprise Value 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 Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on National Grid and its competitors. National Grid's current Enterprise Value is £105,930 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 £7.53, compared to a current price of £12.52 — trading 66.3% above its estimated fair value. The current Enterprise Value is £105,930 Mil. 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 Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For National Grid (CHIX:NGL), the current Enterprise Value is £105,930 Mil as of Jun. 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 £12.52 is trading 66.3% above its estimated GF Value™ of £7.53.
GuruFocus considers National Grid to be Significantly Overvalued.
Key valuation signals for CHIX:NGL:
Enterprise Value: £105,930 Mil
GF Value™: £7.53 vs. price of £12.52 (66.3% above fair value)
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.
74GF Score
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