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National Grid PLC  (NYSE:NGG) PB Ratio: 2.03 (As of Today)

As of today, National Grid PLC's share price is $64.69. National Grid PLC's Book Value per Share for the fiscal year that ended in Mar. 2017 was $31.89. Hence, National Grid PLC's P/B Ratio of today is 2.03.

Good Sign:

National Grid PLC stock PB Ratio (=1.85) is close to 10-year low of 1.8

NYSE:NGG' s PB Ratio Range Over the Past 10 Years
Min: 1.8   Max: 5.51
Current: 1.81

1.8
5.51

During the past 13 years, National Grid PLC's highest P/B Ratio was 5.51. The lowest was 1.80. And the median was 2.94.

NYSE:NGG's PB Ratio is ranked lower than
58% of the 624 Companies
in the Global industry.

( Industry Median: 1.62 vs. NYSE:NGG: 1.81 )

During the past 12 months, National Grid PLC's average Book Value Per Share Growth Rate was 37.10% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 15.30% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 11.90% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 12.40% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of National Grid PLC was 60.50% per year. The lowest was -60.20% per year. And the median was 7.60% per year.


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

National Grid PLC Annual Data

Mar08 Mar09 Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17
PB Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.85 2.68 2.81 2.90 2.17

National Grid PLC Semi-Annual Data

Sep07 Mar08 Sep08 Mar09 Sep09 Mar10 Sep10 Mar11 Sep11 Mar12 Sep12 Mar13 Sep13 Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17
PB Ratio 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 Premium Member Only Premium Member Only Premium Member Only 2.81 2.80 2.90 3.26 2.17

Competitive Comparison
* 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.


Calculation

National Grid PLC's P/B ratio for today is calculated as follows:

P/B Ratio=Share Price/Book Value per Share (A: Mar. 2017)
=64.69/31.886
=2.03

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

It can also be calculated from the numbers for the whole company:

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and Price-to-Book Ratio is that book value other than intangibles are used in the calculation.


Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PS Ratio or Price-to-Free-Cash-Flow, the Price-to-Book Ratio measures the valuation of the stock relative to the underlying asset of the company.

The Price-to-Book Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.


Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.


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