National Grid

National Grid EV/EBIT

The EV/EBIT (Enterprise Value to EBIT) of National Grid (NG.L) as of Nov 4, 2026 is 11.37. In the previous year, EV/EBIT (Enterprise Value to EBIT) was 13.31 — a change of -14.58% (lower).

EV/EBIT

11.37

YoY

-14.58%

Last updated:

EV/EBIT (Enterprise Value to EBIT) of National Grid is 2026 11.37 . EV/EBIT (Enterprise Value to EBIT) of National Grid was 2025 13.31 . It decreases by -14.58% lower compared to the previous year.

The National Grid EV/EBIT history

  • 3 Years

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  • 25 Years

  • Max

EV/EBIT
Date
EV/EBIT
Jan 1, 2019
22.88 GBP
Jan 1, 2020
28.82 GBP
Jan 1, 2021
27.35 GBP
Jan 1, 2022
15.02 GBP
Jan 1, 2023
13.46 GBP
Jan 1, 2024
14.68 GBP
Jan 1, 2025
13.31 GBP
Jan 1, 2026
11.37 GBP
The National Grid EV/EBIT history
YEAREV/EBITYoY
11.37-14.58%
13.31-9.30%
14.68+9.03%
13.46-10.41%
15.02-45.07%
27.35-5.08%
28.82+25.93%
22.88+21.71%
18.80-8.16%
20.47+0.53%
20.36-8.50%
22.25+26.57%
17.58+160.10%
6.76+13.23%
5.97+19.16%
5.01-0.60%
5.04-27.90%
6.99+12.20%
6.23-30.93%
9.02—

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National Grid Valuation

Details

Historical Valuation Multiples

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Price-to-Earnings Ratio (P/E)

The P/E ratio divides National Grid's share price by its earnings per share. It tells you how many years of current earnings you are "paying for" when you buy the stock. A P/E of 20 means you pay $20 for every $1 of annual earnings. The S&P 500 historically trades at an average P/E of roughly 15–17. A P/E significantly above that may signal high growth expectations; one below may indicate undervaluation — or declining business quality.

Price-to-Sales Ratio (P/S)

The P/S ratio divides market capitalization by total revenue. Unlike the P/E ratio, it works even for companies that are not yet profitable, making it essential for evaluating high-growth firms. A P/S below 1.0 may indicate undervaluation, while ratios above 10 are typically reserved for fast-growing tech or SaaS companies with high expected future margins.

Price-to-EBIT Ratio

This ratio relates National Grid's market price to its operating earnings, excluding the effects of debt structure and tax jurisdiction. It is particularly useful for comparing companies across different countries or with different levels of leverage, because it focuses purely on operational profitability. Lower values suggest cheaper operational earnings.

How to Use This Chart

This chart plots National Grid's valuation multiples over time. Compare the current P/E, P/S, and P/EBIT to their own historical averages — if the current ratio is well below the multi-year average, the stock may be relatively cheap compared to its own track record. Combine this with industry comparisons: a P/E that looks high in absolute terms may be justified if National Grid grows earnings faster than its peers.

National Grid Stock analysis

What does National Grid do? National Grid is one of the largest electricity and gas companies in the UK and North America. The company's history dates back to the 18th century when gas supply began in England. Since then, National Grid has become a major player in the energy industry and is now a multinational corporation with over 23,000 employees worldwide. The company's business model is to ensure reliable and efficient energy supply. National Grid operates in three main areas: electricity transmission, gas transmission, and electricity distribution. The electricity transmission division includes operating the high-voltage electricity network in England and Wales, as well as the HVDC network connecting Britain to continental Europe. In North America, National Grid is one of the largest operators of transmission networks connecting multiple states in the USA. In the gas transmission division, National Grid operates the gas network in the UK, transporting gas from production facilities to consumers. Here too, the company is an important player, ensuring reliable and efficient energy supply. In North America, National Grid operates the gas network in several cities, including New York City and Boston. National Grid's electricity distribution division is responsible for distributing electricity to households and businesses. The company ensures safe and efficient electricity flow and continuously invests in renewable energy. National Grid also operates several energy storage systems, which play a vital role in integrating renewable energy into the grid. In addition to the main divisions, National Grid also has various subsidiaries and investments in the renewable energy, power generation, and energy management sectors. The company is committed to driving the transition to sustainable energy supply and actively invests in renewable energy sources such as wind, solar, and hydro power. As an energy company, National Grid also offers various products and services to its customers. These include services such as energy consulting, energy efficiency programs, and smart home solutions. The company also offers various electricity and gas tariffs that can be customized based on customer needs. Overall, National Grid is a key player in the energy industry, ensuring reliable and efficient energy supply. The company continues to invest in renewable energy sources and drives the transition to sustainable energy supply. With its various divisions and subsidiaries, National Grid is well-positioned to continue playing a leading role in the energy industry in the future. National Grid is one of the most popular companies on Eulerpool.

Frequently Asked Questions about National Grid stock

EV/EBIT (Enterprise Value to EBIT) of National Grid is 11.37 in 2026.

EV/EBIT (Enterprise Value to EBIT) of National Grid changed from 13.31 to 11.37, representing a -14.58% change. The value is lower than the previous year.

On Eulerpool you can find the complete historical development of EV/EBIT (Enterprise Value to EBIT) National Grid since 2006 – with annual values, charts, and detailed analysis.

The EV/EBIT ratio measures a company's enterprise value relative to its operating earnings. It accounts for debt, making it useful for comparing companies with different capital structures.

EV/EBIT = Enterprise Value / Earnings Before Interest and Taxes

To evaluate EV/EBIT (Enterprise Value to EBIT)'s, it is essential to compare it with peers in the same industry and sector. On Eulerpool, you can find direct industry comparisons for EV/EBIT (Enterprise Value to EBIT).

A 'good' varies by industry and company stage. On Eulerpool, you can compare EV/EBIT (Enterprise Value to EBIT)'s National Grid with sector peers and the industry average to assess whether it is attractive.

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Valuation — National Grid

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