National GridNGGTF +4.54%74 Median PS Value is $10.04 as of Jun. 24, 2026, which is 865% above its 10-year median of 1.04. GuruFocus rates NGGTF with a GF Score™ of 74/100 and a GF Value™ of $9.67 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 366 Utilities - Regulated companies, National Grid ranks worse than 85.25% on this metric.
This valuation method assumes that the stock valuation will revert to its historical (10-Year) median in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
Median PS Value is calculated as trailing twelve months (TTM) Revenue per Share times 10-Year median PS Ratio. National Grid's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was $4.766. National Grid's 10-Year median PS Ratio is 2.1066. Therefore, the Median PS Value for today is $10.04.
As of today (2026-06-24), National Grid's share price is $16.556. National Grid's Median PS Value is $10.04. Therefore, National Grid's Price to Median PS Value for today is 1.65.
The historical rank and industry rank for National Grid's Median PS Value or its related term are showing as below:
NGGTF'
s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.83 Med: 1.04 Max: 1.65
Current: 1.65
During the past 13 years, the highest Price to Median PS Value of National Grid was 1.65. The lowest was 0.83. And the median was 1.04.
NGGTF's Price-to-Median-PS-Value is ranked worse than 85.25% of 366
companies
in the Utilities - Regulated industry
Industry Median: 0.98
vs NGGTF: 1.65
National Grid (OTCPK:NGGTF) Median PS Value Explanation
This valuation method assumes that the stock valuation will revert to its historical (10-Year) mean in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio
is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
It also assumes that over time the profit margin is constant. If a company increases its profit margin to a sustainable level, this value might under-estimate its value. If it has permanent declined profit margins, this may over-estimate the company's value.
National Grid's Price to Median PS Value for today is calculated as
Price to Median PS Value
=
Share Price
/
Median PS Value
=
16.556
/
10.04
=
1.65
* 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 Median PS Value Related Terms
National Grid Median PS Value Historical Data
* Premium members only.
The historical data trend for National Grid's Median PS 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.
For the Utilities - Regulated Electric subindustry, National Grid's Price-to-Median-PS-Value, along with its competitors' market caps and Price-to-Median-PS-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 Price-to-Median-PS-Value vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, National Grid's Price-to-Median-PS-Value distribution charts can be found below:
* The bar in red indicates where National Grid's Price-to-Median-PS-Value falls into.
10-Year Median PS Ratio is 2.1066.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. National Grid's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was $4.766.
* 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 (NGGTF) has a Median PS Value of $10.04 as of Jun. 24, 2026. Median price-sales value is the stock value based on a company's 10-year median price-sales ratio, View historical data on National Grid and its competitors. This is 865% above median its historical median of 1.04. Over the past decade, National Grid's Median PS Value has ranged from 0.83 to 1.65. According to the industry distribution chart, National Grid ranks #312 out of 366 companies in the Utilities - Regulated industry, placing it in the top 85.2%.
Is National Grid's Median PS Value too high?
National Grid's current Median PS Value of $10.04 is 865% above median its 10-year median of 1.04. Over the past 10 years, this metric has ranged from a low of 0.83 to a high of 1.65. The Utilities - Regulated industry median Median PS Value is 0.98. National Grid's value of $10.04 is 924.5% above this industry median. Based on the distribution chart, National Grid ranks #312 out of 366 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. 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 Median PS Value compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, National Grid ranks #312 out of 366 companies for Median PS Value. This places National Grid in the lower half of its industry. The industry median Median PS Value is 0.98. National Grid's value of $10.04 is 924.5% above this benchmark. Historically, National Grid's own Median PS Value has ranged from 0.83 to 1.65 over the past decade. While the company's 10-year median is 1.04 vs. the industry median of 0.98, 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 Median PS Value for an Utilities - Regulated company?
The median Median PS Value among Utilities - Regulated companies is 0.98, based on 366 companies in the industry. Companies in the top quartile (top 25%) have a Median PS Value significantly above this median, while those in the bottom quartile fall well below. However, Median PS Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. National Grid's current Median PS Value of $10.04 is 924.5% 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 Median PS Value mean?
A high Median PS Value can signal that a stock is expensive relative to its fundamentals. Median price-sales value is the stock value based on a company's 10-year median price-sales ratio, View historical data on National Grid and its competitors. For the Utilities - Regulated industry, the median Median PS Value is 0.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Grid's current Median PS Value is $10.04, which is 865% above median its own 10-year median of 1.04. 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 (NGGTF) is currently considered Significantly Overvalued. The stock's GF Value™ is $9.67, compared to a current price of $16.56 — trading 71.2% above its estimated fair value. The current Median PS Value is $10.04, which is 865% above median its 10-year median of 1.04 and 924.5% above the Utilities - Regulated industry median of 0.98. 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 Median PS Value calculated?
Median PS Value is calculated from a company's financial statements. For National Grid (NGGTF), the current Median PS Value is $10.04 as of Jun. 24, 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 (NGGTF) Overvalued in 2026?
Based on GuruFocus' analysis, National Grid stock appears to be overvalued.
The current stock price of $16.56 is trading 71.2% above its estimated GF Value™ of $9.67.
GuruFocus considers National Grid to be Significantly Overvalued.
Key valuation signals for NGGTF:
Median PS Value: $10.04 (865% above median its 10-year median of 1.04)
GF Value™: $9.67 vs. price of $16.56 (71.2% above fair value)
Industry Position: 924.5% above the Utilities - Regulated median (#312 of 366)
No single metric tells the full story. See the NGGTF 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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