National Grid (CHIX:NGL) EPS without NRI: £0.70 (TTM As of Mar. 2026)


CHIX:NGL National Grid PLC CHIX:NGL
74 GF Score
Price £12.46
GF Value £7.48
Valuation Significantly Overvalued
! 5 Warning Signs
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What is National Grid EPS without NRI?

National Grid CHIX:NGL +1.22% 74 EPS without NRI is £0.70 as of Mar. 2026. GuruFocus rates CHIX:NGL with a GF Score™ of 74/100 and a GF Value™ of £7.48 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 419 Utilities - Regulated companies, National Grid ranks worse than 63.96% on this metric.

National Grid's earnings per share without non-recurring items for the six months ended in Mar. 2026 was £0.56. Its earnings per share without non-recurring items for the trailing twelve months (TTM) ended in Mar. 2026 was £0.70.

During the past 12 months, National Grid's average earnings per share (NRI) Growth Rate was 5.10% per year. During the past 3 years, the average earnings per share (NRI) Growth Rate was -0.30% per year. During the past 5 years, the average earnings per share (NRI) Growth Rate was 5.30% per year. During the past 10 years, the average earnings per share (NRI) Growth Rate was 2.70% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the EPS without NRI Growth Rate using Earnings per share without Non-Recurring Items (NRI) data.

The historical rank and industry rank for National Grid's EPS without NRI or its related term are showing as below:

CHIX:NGl' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: -23.5   Med: 1   Max: 57.2
Current: -0.3

During the past 13 years, National Grid's highest 3-Year average Earnings Per Share (NRI) Growth Rate was 57.20% per year. The lowest was -23.50% per year. And the median was 1.00% per year.

CHIX:NGl's 3-Year EPS without NRI Growth Rate is ranked worse than
63.96% of 419 companies
in the Utilities - Regulated industry
Industry Median: 5.6 vs CHIX:NGl: -0.30

National Grid's EPS (Diluted) for the six months ended in Mar. 2026 was £0.53. Its EPS (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was £0.65.

National Grid's EPS (Basic) for the six months ended in Mar. 2026 was £0.53. Its EPS (Basic) for the trailing twelve months (TTM) ended in Mar. 2026 was £0.66.


National Grid  (CHIX:NGl) EPS without NRI Explanation

EPS without NRI removes onetime and unusual items from EPS, to provide investors with a more accurate measure of the company’s true earnings. The earnings are adjusted for items that are irregular or unusual in nature, and/or are non-recurring. This is calculated using Net Income (Continuing Operations) plus/minus any tax affected unusual Items and Goodwill Impairments/Write Offs. This can be used to fairly measure a company's profitability.


Be Aware

Compared with Earnings per share, a company's cash flow is better indicator of the company's earnings power.

If a company's earnings per share is less than cash flow per share over long term, investors need to be cautious and find out why.


National Grid EPS without NRI Related Terms


National Grid EPS without NRI Historical Data

* Premium members only.

The historical data trend for National Grid's EPS without NRI 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 EPS without NRI Chart

National Grid Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EPS without NRI
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.56 0.59 0.77 0.55 0.58

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
EPS without NRI 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 0.34 0.11 0.56 0.15 0.56

CHIX:NGL vs NEE, SO, DUK: EPS without NRI Comparison

For the Utilities - Regulated Electric subindustry, National Grid's PE Ratio without NRI, along with its competitors' market caps and PE Ratio without NRI 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 PE Ratio without NRI vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, National Grid's PE Ratio without NRI distribution charts can be found below:

* The bar in red indicates where National Grid's PE Ratio without NRI falls into.


CHIX:NGL
74GF Score
National Grid PLC CHIX:NGL
EPS without NRI is just one metric. See GF Score™, valuation, warning signs, and more.
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National Grid EPS without NRI Calculation

Earnings Per Share (EPS) is the single most important variable used by Wall Street in determining the earnings power of a company. But investors need to be aware that Earnings per Share can be easily manipulated by adjusting depreciation and amortization rate or non-recurring items. That's why GuruFocus lists EPS without NRI, which better reflects the company's underlying performance.

Earnings Per Share without Non-Recurring Items is the amount of earnings without non-recurring items per outstanding share of the company's stock.

EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was £0.70

* 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.

Frequently Asked Questions Learn more about EPS without NRI →
What does a EPS without NRI of £0.70 mean?
National Grid (CHIX:NGL) has a EPS without NRI of £0.70 as of Mar. 2026. EPS without NRI represents per-share earnings excluding one-time charges. View historical data on National Grid and its competitors. According to the industry distribution chart, National Grid ranks #268 out of 419 companies in the Utilities - Regulated industry, placing it in the top 64%.
Is National Grid's EPS without NRI too high?
National Grid's current EPS without NRI is £0.70. Based on the distribution chart, National Grid ranks #268 out of 419 companies in the Utilities - Regulated industry, which is below the industry midpoint. 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 EPS without NRI compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, National Grid ranks #268 out of 419 companies for EPS without NRI. This places National Grid in the lower half of its industry. The industry median EPS without NRI is 5.60. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EPS without NRI for an Utilities - Regulated company?
The median EPS without NRI among Utilities - Regulated companies is 5.60, based on 419 companies in the industry. Companies in the top quartile (top 25%) have a EPS without NRI significantly above this median, while those in the bottom quartile fall well below. However, EPS without NRI 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 EPS without NRI mean?
A high EPS without NRI can signal that a stock is expensive relative to its fundamentals. EPS without NRI represents per-share earnings excluding one-time charges. View historical data on National Grid and its competitors. For the Utilities - Regulated industry, the median EPS without NRI is 5.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Grid's current EPS without NRI is £0.70. 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 £7.48, compared to a current price of £12.46 — trading 66.5% above its estimated fair value. The current EPS without NRI is £0.70. 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 EPS without NRI calculated?
EPS without NRI is calculated from a company's financial statements. For National Grid (CHIX:NGL), the current EPS without NRI is £0.70 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 £12.46 is trading 66.5% above its estimated GF Value™ of £7.48. GuruFocus considers National Grid to be Significantly Overvalued.

Key valuation signals for CHIX:NGL:

  • EPS without NRI: £0.70
  • GF Value™: £7.48 vs. price of £12.46 (66.5% above fair value)
  • GF Score™: 74/100 with 5 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.
74GF Score

Get the complete analysis for CHIX:NGL

EPS without NRI is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

£12.46
Price
£7.48
GF Value