The historical rank and industry rank for National Grid's Gross Margin % or its related term are showing as below:
MEX:NGGN'
s Gross Margin % Range Over the Past 10 Years
Min: 60.19 Med: 75.43 Max: 84.14
Current: 79.76
During the past 13 years, the highestGross Margin % of National Grid was 84.14%. The lowest was 60.19%. And the median was 75.43%.
MEX:NGGN's Gross Margin % is ranked better than 94.89% of 489
companies
in the Utilities - Regulated industry
Industry Median: 30.88
vs MEX:NGGN: 79.76
National Grid had a gross margin of N/A% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for National Grid was 4.00% per year.
National Grid (MEX:NGGN) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
National Grid had a gross margin of N/A% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
National Grid Gross Margin % Related Terms
National Grid Gross Margin % Historical Data
* Premium members only.
The historical data trend for National Grid's Gross 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.
MEX:NGGN vs NEE, SO, DUK: Gross Margin % Comparison
For the Utilities - Regulated Electric subindustry, National Grid's Gross Margin %, along with its competitors' market caps and Gross 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 Gross Margin % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, National Grid's Gross Margin % distribution charts can be found below:
* The bar in red indicates where National Grid's Gross 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
National Grid (MEX:NGGN) has a Gross Margin % of 0.00% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on National Grid and its competitors. Over the past decade, National Grid's Gross Margin % has ranged from 60.19 to 84.14. According to the industry distribution chart, National Grid ranks #25 out of 489 companies in the Utilities - Regulated industry, placing it in the top 5.1%.
Is National Grid's Gross Margin % too high?
National Grid's current Gross Margin % is 0.00%. Over the past 10 years, this metric has ranged from a low of 60.19 to a high of 84.14. Based on the distribution chart, National Grid ranks #25 out of 489 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, reflecting its overall financial health beyond just this single metric.
How does National Grid's Gross Margin % compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, National Grid ranks #25 out of 489 companies for Gross Margin %. This places National Grid in the top 5% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 30.88. Historically, National Grid's own Gross Margin % has ranged from 60.19 to 84.14 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for an Utilities - Regulated company?
The median Gross Margin % among Utilities - Regulated companies is 30.88, based on 489 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % 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 Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on National Grid and its competitors. For the Utilities - Regulated industry, the median Gross Margin % is 30.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Grid's current Gross Margin % is 0.00%. 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?
National Grid (MEX:NGGN) has a current Gross Margin % of 0.00%. The stock's GF Value™ is MXN878.31, compared to a current price of MXN1,469.33 — trading 67.3% above its estimated fair value. The current Gross Margin % is 0.00%. National Grid's overall GF Score™ is 74/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For National Grid (MEX:NGGN), the current Gross Margin % is 0.00% 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 (MEX:NGGN) Overvalued in 2026?
Based on GuruFocus' analysis, National Grid stock appears to be overvalued.
The current stock price of MXN1,469.33 is trading 67.3% above its estimated GF Value™ of MXN878.31.
Key valuation signals for MEX:NGGN:
Gross Margin %: 0.00%
GF Value™: MXN878.31 vs. price of MXN1,469.33 (67.3% above fair value)
No single metric tells the full story. See the MEX:NGGN 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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Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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