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National GridCHIX:NGL -0.19%73 Equity-to-Asset is 0.36 as of Mar. 2026, which is 16% above its 10-year median of 0.31. GuruFocus rates CHIX:NGL with a GF Score™ of 73/100 and a GF Value™ of £7.54 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 506 Utilities - Regulated companies, National Grid ranks better than 50.4% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. National Grid's Total Stockholders Equity for the quarter that ended in Mar. 2026 was £39,299 Mil. National Grid's Total Assets for the quarter that ended in Mar. 2026 was £108,281 Mil.
Therefore, National Grid's Equity to Asset Ratio for the quarter that ended in Mar. 2026 was 0.36.
The historical rank and industry rank for National Grid's Equity-to-Asset or its related term are showing as below:
CHIX:NGl'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.25 Med: 0.31 Max: 0.36
Current: 0.36
During the past 13 years, the highest Equity to Asset Ratio of National Grid was 0.36. The lowest was 0.25. And the median was 0.31.
CHIX:NGl's Equity-to-Asset is ranked better than 50.4% of 506
companies
in the Utilities - Regulated industry
Industry Median: 0.36
vs CHIX:NGl: 0.36
National Grid (CHIX:NGl) Equity-to-Asset Explanation
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
National Grid Equity-to-Asset Related Terms
National Grid Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for National Grid's Equity-to-Asset 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: Equity-to-Asset Comparison
For the Utilities - Regulated Electric subindustry, National Grid's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Equity-to-Asset vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, National Grid's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where National Grid's Equity-to-Asset falls into.
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
National Grid's Equity to Asset Ratio 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.
National Grid (CHIX:NGL) has a Equity-to-Asset of 0.36 as of Mar. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on National Grid and its competitors. This is 16% above median its historical median of 0.31. Over the past decade, National Grid's Equity-to-Asset has ranged from 0.25 to 0.36. According to the industry distribution chart, National Grid ranks #251 out of 506 companies in the Utilities - Regulated industry, placing it in the top 49.6%.
Is National Grid's Equity-to-Asset too high?
National Grid's current Equity-to-Asset of 0.36 is 16% above median its 10-year median of 0.31. Over the past 10 years, this metric has ranged from a low of 0.25 to a high of 0.36. The Utilities - Regulated industry median Equity-to-Asset is 0.36. National Grid's value of 0.36 is 0% at this industry median. Based on the distribution chart, National Grid ranks #251 out of 506 companies in the Utilities - Regulated industry, which is above 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 Equity-to-Asset compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, National Grid ranks #251 out of 506 companies for Equity-to-Asset. This puts National Grid in the upper half of its industry. The industry median Equity-to-Asset is 0.36. National Grid's value of 0.36 is 0% at this benchmark. Historically, National Grid's own Equity-to-Asset has ranged from 0.25 to 0.36 over the past decade. While the company's 10-year median is 0.31 vs. the industry median of 0.36, National Grid has consistently been at 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 Equity-to-Asset for an Utilities - Regulated company?
The median Equity-to-Asset among Utilities - Regulated companies is 0.36, based on 506 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. National Grid's current Equity-to-Asset of 0.36 is 0% at 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 Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on National Grid and its competitors. For the Utilities - Regulated industry, the median Equity-to-Asset is 0.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Grid's current Equity-to-Asset is 0.36, which is 16% above median its own 10-year median of 0.31. 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 £7.54, compared to a current price of £11.95 — trading 58.5% above its estimated fair value. The current Equity-to-Asset is 0.36, which is 16% above median its 10-year median of 0.31 and 0% at the Utilities - Regulated industry median of 0.36. National Grid's overall GF Score™ is 73/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For National Grid (CHIX:NGL), the current Equity-to-Asset is 0.36 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 £11.95 is trading 58.5% above its estimated GF Value™ of £7.54.
GuruFocus considers National Grid to be Significantly Overvalued.
Key valuation signals for CHIX:NGL:
Equity-to-Asset: 0.36 (16% above median its 10-year median of 0.31)
GF Value™: £7.54 vs. price of £11.95 (58.5% above fair value)
Industry Position: 0% at the Utilities - Regulated median (#251 of 506)
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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