# National Grid share price today (National Grid plc, NGG)

> National Grid plc's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. NGG · Utilities · Utilities - Regulated Electric · data as of 3 November 2026. Page: https://www.sectoralpha.in/us/stocks/ngg

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## Key numbers

- Business trend: Getting worse, from the last 12 quarters
- Price: $82.83 (+10.1% in a year)
- P/E: 18.9×, over 8.6 years
- Revenue (Mar 2026): $10.6 B (+2.0% on a year ago)
- Profit (Mar 2026): $2.6 B (+16.3% on a year ago)
- Operating margin: 32.6% (−1.8 points on a year ago)
- ROE: 8%, FY26
- ROIC: 3.7%, against a 5.3% cost of capital: −1.6 points

Biggest thing to watch: margins are the best this company has ever reported. Every ratio looks better at a record, so the story depends on margins staying high. ## What is the National Grid share price today? National Grid plc's share price was $82.83 at the close on 3 November 2026. It has been moving sideways for 1 week. That is 0.6% below its average price over the last 200 trading days. In the last 52 weeks it traded between $75 and $94, and at that close it sat 42% of the way up from that low. Over the past 13 weeks it has done better than the S&P 500, and it has stayed ahead for 2 weeks in a row. Over the last 10 years the share price moved +4% while the S&P 500 moved +255%, so it is behind the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does National Grid pay? National Grid plc paid $0.95 per share over the last four reported quarters. The most recent declaration was $0.32 for Mar 2026. At today's price of $82.83 that is a yield of 1.15%, based on dividends already paid, not a forecast. ## Which stock lists is National Grid on? National Grid is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list. ## Is National Grid profitable? National Grid plc earned $2.6 B of net profit in the Mar 2026 quarter, +16.3% on the same quarter a year earlier. Full-year FY26 profit was $3.2 B. Over 4 years profit has grown 8.3% a year on average. That is 24.7% of the quarter's revenue. The same quarter a year earlier earned $1.2 B. For the full year, FY26 profit was $3.2 B (+11.6% on the year before). Why profit moved: revenue changed +2.0% on a year earlier and the margin moved −1.8 percentage points. Sales did the work, and the margin was about flat. On average over the last four quarters, profit changed +15.8% and revenue −6.0%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra dollar of revenue adds more to profit. ## How much revenue does National Grid make, and is it growing? National Grid plc reported $10.6 B of revenue in the Mar 2026 quarter, +2.0% on the same quarter a year earlier. Over 4 years it has grown −1.0% a year on average. The last full year, FY26, came in at $17.7 B. FY26 revenue was $17.7 B, −3.8% on the year before. Recent pace: the last four quarters grew −6.0% on average, against −1.0% a year over the longer run, so this year is growing slower than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew −13.1%, against +6.0% a year over the last 8 quarters (rolling over); profit over the last 12 months grew −39.1%, against +29.6% a year (rolling over). ## How much of every $100 of sales does National Grid keep? National Grid plc's operating margin was 32.6% in the Mar 2026 quarter, 1.8 percentage points lower than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Over the last four quarters it has moved +1.0 percentage points. Across 5 years it has been between 19.4% and 29.2%. The latest quarter is above every full year in that period. Why: the operating margin move is clear, but the cost details behind it are not in our data, so we show the move without guessing the reason. When margins are at a record, every ratio built on profit looks better than usual, so watch whether they hold. ## Is National Grid's profit turning into cash? Over the last 3 years, 256% of National Grid plc's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in $7.8 B of operating cash against $3.2 B of profit. After $10.0 B of spending on assets, free cash was −$2.2 B: it spent more than its operations brought in. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does National Grid's cash go? National Grid plc does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $25.7 B on assets over the last 3 years. Averaged over those years that is 48.4% of FY26 revenue a year. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. Spending on assets: $25.7 B over the last 3 years. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is National Grid's P/E ratio, and how does it compare with its own history? National Grid plc's P/E is 18.9×, with too little history to compare. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved +6.2% while the price moved +10.1%. The price did better than earnings, which pushed the multiple up within its own range. Where the price move came from: over 5 years the price moved +5.2% a year; about −19.5% a year came from earnings growth and about +24.7 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: there is too little history to say whether the multiple is high or low for this company, so the earnings trend underneath matters more than the multiple. ## Is the National Grid business getting better or worse? National Grid plc's business is getting worse. Revenue, profit and EPS growth are shrinking: revenue growth is −13.1% in the latest quarter, against +44.4% at its best in 12 quarters, with ROCE steady at 11.0%. This is based on 12 quarters of 4 measures. Why it matters: falling lines mean any ratio below that looks low should be read with that direction in mind. ## How much does National Grid earn on its capital? National Grid plc earned a ROE of 8% in FY26. Its return on capital used (ROIC) is 1.6 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 18.3% net margin and 0.16× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 18.3% net margin × 0.16× asset turnover × 2.75× leverage (assets divided by equity) ≈ 8.1% on equity. The margin does most of the work; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 3.7% − 5.3% = −1.6 percentage points. The 5.3% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. ## Does National Grid have too much debt? National Grid plc has total debt of $47.7 B against shareholder equity of $39.3 B as of Mar 2026, so its debt is 1.21× its equity. Year by year, that ratio went from 1.95 in FY22 to 1.21 in FY26. Keep that borrowing in mind when reading the returns on this page. ## What is the National Grid shareholding pattern? We have no ownership or short-position figures for National Grid plc, so this section says so rather than fill the gap. At normal trading volumes, closing those positions would take about 1.1 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. ## How far is National Grid from balance-sheet trouble? For National Grid plc, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does National Grid rank in its industry? 49.9 out of 100, rank 29 of 29 in Utilities - Regulated Electric, with 38% of the evidence available. It is provisional, so it is ranked below companies with full evidence. National Grid plc scores 49.9 out of 100 against the 29 companies it is compared with in Utilities - Regulated Electric, ranking 29. Some evidence is missing, so the score is pulled toward the middle on purpose. The four parts add up to the total exactly: 17.6 + 12.4 + 10.6 + 9.3 = 49.9. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is National Grid compared with? National Grid ranks 29 of 29 Utilities - Regulated Electric companies on the 4-Factor Sector Score, with 49.9 out of 100. 1. [Consolidated Edison, Inc.](https://www.sectoralpha.in/us/stocks/ed) ED · turning · Evidence leans up · 75% evidence 62.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.1/35 · Revenue 9.5% · Profit 14.6% · Operating margin change n/a · 67% evidence Capital efficiency 13.0/25 · ROCE 5.4% · Operating margin 14.1% · 76% evidence Valuation 10.6/20 · P/E 18.4× · PEG 1.75 · 65% evidence Relative strength 19.2/20 · Lead over its industry 8.4% · Lead over S&P 500 3.3% · 1 year 18.6% · 100% evidence · 2 of 12 weeks ahead Exact sum: 20.1 + 13 + 10.6 + 19.2 = 62.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [Ameren Corporation](https://www.sectoralpha.in/us/stocks/aee) AEE · turning · Evidence leans up · 75% evidence 59.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.7/35 · Revenue 3.6% · Profit 27.3% · Operating margin change n/a · 67% evidence Capital efficiency 13.2/25 · ROCE 5.2% · Operating margin 19.4% · 76% evidence Valuation 14.0/20 · P/E 20× · PEG 0.81 · 65% evidence Relative strength 11.8/20 · Lead over its industry 2.7% · Lead over S&P 500 -2.2% · 1 year 5.5% · 100% evidence · 0 of 12 weeks ahead Exact sum: 20.7 + 13.2 + 14 + 11.8 = 59.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [WEC Energy Group, Inc.](https://www.sectoralpha.in/us/stocks/wec) WEC · turning · Evidence leans up · 75% evidence 58.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 14.5/35 · Revenue 8.9% · Profit 1.7% · Operating margin change n/a · 67% evidence Capital efficiency 13.8/25 · ROCE 5.2% · Operating margin 22% · 76% evidence Valuation 13.7/20 · P/E 22.5× · PEG 0.74 · 65% evidence Relative strength 16.3/20 · Lead over its industry 3.9% · Lead over S&P 500 -1.1% · 1 year 2.2% · 100% evidence · 1 of 12 weeks ahead Exact sum: 14.5 + 13.8 + 13.7 + 16.3 = 58.3 · What this means: Relative strength against the index is -1.1%, and revenue and profit growth are weak. 4. [CenterPoint Energy, Inc.](https://www.sectoralpha.in/us/stocks/cnp) CNP · turning · Evidence leans up · 75% evidence 57.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.0/35 · Revenue 7.1% · Profit 19.3% · Operating margin change n/a · 67% evidence Capital efficiency 12.0/25 · ROCE 5.1% · Operating margin 17% · 76% evidence Valuation 9.7/20 · P/E 25.8× · PEG 1.37 · 65% evidence Relative strength 14.8/20 · Lead over its industry 3.3% · Lead over S&P 500 -1.6% · 1 year 7.9% · 100% evidence · 1 of 12 weeks ahead Exact sum: 21 + 12 + 9.7 + 14.8 = 57.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [PPL Corporation](https://www.sectoralpha.in/us/stocks/ppl) PPL · turning · Evidence leans up · 75% evidence 57.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.4/35 · Revenue 6.7% · Profit 28.3% · Operating margin change n/a · 67% evidence Capital efficiency 13.9/25 · ROCE 5.3% · Operating margin 21% · 76% evidence Valuation 13.2/20 · P/E 21.6× · PEG 0.83 · 65% evidence Relative strength 8.8/20 · Lead over its industry -0.8% · Lead over S&P 500 -5.7% · 1 year -2.4% · 100% evidence · 0 of 12 weeks ahead Exact sum: 21.4 + 13.9 + 13.2 + 8.8 = 57.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Edison International](https://www.sectoralpha.in/us/stocks/eix) EIX · basing · Evidence leans up · 75% evidence 56.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.9/35 · Revenue 10.7% · Profit 42.1% · Operating margin change n/a · 67% evidence Capital efficiency 13.8/25 · ROCE 7.1% · Operating margin 17.6% · 76% evidence Valuation 16.5/20 · P/E 7.7× · PEG 0.18 · 65% evidence Relative strength 0.8/20 · Lead over its industry -9.8% · Lead over S&P 500 -14.4% · 1 year 4.5% · 100% evidence · 0 of 12 weeks ahead Exact sum: 24.9 + 13.8 + 16.5 + 0.8 = 56 · What this means: Earnings are strong; relative strength in its sector is -9.8% and the one-year return is 4.5%. 7. [Evergy, Inc.](https://www.sectoralpha.in/us/stocks/evrg) EVRG · turning · Evidence leans up · 75% evidence 55.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.0/35 · Revenue 3.6% · Profit 10.2% · Operating margin change n/a · 67% evidence Capital efficiency 14.9/25 · ROCE 5.4% · Operating margin 23.9% · 76% evidence Valuation 7.1/20 · P/E 21.5× · PEG 2.61 · 65% evidence Relative strength 15.2/20 · Lead over its industry 5.6% · Lead over S&P 500 0.7% · 1 year 13% · 100% evidence · 0 of 12 weeks ahead Exact sum: 18 + 14.9 + 7.1 + 15.2 = 55.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [Companhia Paranaense de Energia - COPEL](https://www.sectoralpha.in/us/stocks/elpc) ELPC · quiet · Evidence leans up · 72% evidence 54.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.1/35 · Revenue 17.2% · Profit 5.3% · Operating margin change n/a · 67% evidence Capital efficiency 15.9/25 · ROCE 10% · Operating margin n/a · 61% evidence Valuation 16.0/20 · P/E 14× · PEG 0.35 · 65% evidence Relative strength 0.6/20 · Lead over its industry -9.9% · Lead over S&P 500 -13.9% · 1 year 2.3% · 100% evidence · 5 of 12 weeks ahead Exact sum: 22.1 + 15.9 + 16 + 0.6 = 54.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 9. [American Electric Power Company, Inc.](https://www.sectoralpha.in/us/stocks/aep) AEP · turning · Evidence leans up · 75% evidence 52.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 14.0/35 · Revenue 10.3% · Profit -12.5% · Operating margin change n/a · 67% evidence Capital efficiency 12.7/25 · ROCE 5.1% · Operating margin 21.2% · 76% evidence Valuation 13.8/20 · P/E 23.7× · PEG 0.63 · 65% evidence Relative strength 12.0/20 · Lead over its industry 2.7% · Lead over S&P 500 -2.2% · 1 year 6.9% · 100% evidence · 1 of 12 weeks ahead Exact sum: 14 + 12.7 + 13.8 + 12 = 52.5 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 10. [Eversource Energy](https://www.sectoralpha.in/us/stocks/es) ES · basing · Evidence leans up · 75% evidence 51.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.8/35 · Revenue 7.8% · Profit 68.8% · Operating margin change n/a · 67% evidence Capital efficiency 13.9/25 · ROCE 5.9% · Operating margin 21.3% · 76% evidence Valuation 10.3/20 · P/E 18.8× · PEG 1.77 · 65% evidence Relative strength 4.7/20 · Lead over its industry -1.1% · Lead over S&P 500 -5.7% · 1 year -5.5% · 100% evidence · 0 of 12 weeks ahead Exact sum: 22.8 + 13.9 + 10.3 + 4.7 = 51.7 · What this means: Earnings are strong; relative strength in its sector is -1.1% and the one-year return is -5.5%. 11. [FirstEnergy Corp.](https://www.sectoralpha.in/us/stocks/fe) FE · turning · Evidence leans up · 75% evidence 50.1 out of 100 Growth Capital Valuation Relative
12. [Dominion Energy, Inc.](https://www.sectoralpha.in/us/stocks/d) D · turning · Evidence leans up · 75% evidence 50.1 out of 100 Growth Capital Valuation Relative
13. [Pinnacle West Capital Corporation](https://www.sectoralpha.in/us/stocks/pnw) PNW · turning · Evidence leans down · 75% evidence 49.7 out of 100 Growth Capital Valuation Relative
14. [NextEra Energy, Inc.](https://www.sectoralpha.in/us/stocks/nee) NEE · turning · Evidence leans down · 79% evidence 49.1 out of 100 Growth Capital Valuation Relative
15. [Fortis Inc.](https://www.sectoralpha.in/us/stocks/fts) FTS · turning · Evidence leans down · 75% evidence 48.8 out of 100 Growth Capital Valuation Relative
16. [OGE Energy Corp.](https://www.sectoralpha.in/us/stocks/oge) OGE · turning · Evidence leans down · 75% evidence 48.2 out of 100 Growth Capital Valuation Relative
17. [IDACORP, Inc.](https://www.sectoralpha.in/us/stocks/ida) IDA · turning · Evidence leans down · 75% evidence 46.4 out of 100 Growth Capital Valuation Relative
18. [Exelon Corporation](https://www.sectoralpha.in/us/stocks/exc) EXC · turning · Evidence leans down · 75% evidence 46.3 out of 100 Growth Capital Valuation Relative
19. [Duke Energy Corporation](https://www.sectoralpha.in/us/stocks/duk) DUK · turning · Evidence leans down · 75% evidence 46.2 out of 100 Growth Capital Valuation Relative
20. [Public Service Enterprise Group Incorporated](https://www.sectoralpha.in/us/stocks/peg) PEG · basing · Evidence leans down · 75% evidence 45.4 out of 100 Growth Capital Valuation Relative
21. [Entergy Corporation](https://www.sectoralpha.in/us/stocks/etr) ETR · turning · Evidence leans down · 75% evidence 44.1 out of 100 Growth Capital Valuation Relative
22. [Alliant Energy Corporation](https://www.sectoralpha.in/us/stocks/lnt) LNT · turning · Evidence leans down · 75% evidence 43.6 out of 100 Growth Capital Valuation Relative
23. [The Southern Company](https://www.sectoralpha.in/us/stocks/so) SO · turning · Evidence leans down · 72% evidence 43.3 out of 100 Growth Capital Valuation Relative
24. [PG&E Corporation](https://www.sectoralpha.in/us/stocks/pcg) PCG · basing · Evidence leans down · 79% evidence 42.1 out of 100 Growth Capital Valuation Relative
25. [Xcel Energy Inc.](https://www.sectoralpha.in/us/stocks/xel) XEL · turning · Evidence leans down · 75% evidence 41.6 out of 100 Growth Capital Valuation Relative
26. [DTE Energy Company](https://www.sectoralpha.in/us/stocks/dte) DTE · basing · Evidence leans down · 75% evidence 40.2 out of 100 Growth Capital Valuation Relative
27. [CMS Energy Corporation](https://www.sectoralpha.in/us/stocks/cms) CMS · turning · Evidence leans down · 75% evidence 35.4 out of 100 Growth Capital Valuation Relative
28. [Emera Incorporated](https://www.sectoralpha.in/us/stocks/ema) EMA · turning · Most evidence points down · 75% evidence 34.2 out of 100 Growth Capital Valuation Relative
29. National Grid plc this page NGG · turning · Too little evidence to rank firmly · 38% evidence 49.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.6/35 · Revenue n/a · Profit n/a · Operating margin change n/a · 9% evidence Capital efficiency 12.4/25 · ROCE 5.2% · Operating margin n/a · 46% evidence Valuation 10.6/20 · P/E 19.5× · PEG n/a · 15% evidence Relative strength 9.3/20 · Lead over its industry 0.7% · Lead over S&P 500 -4.2% · 1 year 6.5% · 100% evidence · 0 of 12 weeks ahead Exact sum: 17.6 + 12.4 + 10.6 + 9.3 = 49.9 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led S&P 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Utilities - Regulated Electric](https://www.sectoralpha.in/us/sectors/utilities-regulated-electric), all 29 compared on one page. ## Which companies are close to National Grid in size? National Grid is the 4th largest of 40 Utilities - Regulated Electric companies on Sector Alpha by market value (scores of 3 November 2026). Just above it: NextEra Energy, Inc., The Southern Company and Duke Energy Corporation. Just below it: American Electric Power Company, Inc., Dominion Energy, Inc. and Entergy Corporation. ### Utilities - Regulated Electric companies close in size

1. [NextEra Energy, Inc.](https://www.sectoralpha.in/us/stocks/nee) $176.9 billion
2. [The Southern Company](https://www.sectoralpha.in/us/stocks/so) $107.8 billion
3. [Duke Energy Corporation](https://www.sectoralpha.in/us/stocks/duk) $98.6 billion
4. National Grid plc $82.1 billion
5. [American Electric Power Company, Inc.](https://www.sectoralpha.in/us/stocks/aep) $70.7 billion
6. [Dominion Energy, Inc.](https://www.sectoralpha.in/us/stocks/d) $58.7 billion
7. [Entergy Corporation](https://www.sectoralpha.in/us/stocks/etr) $52 billion

[All 40 Utilities - Regulated Electric companies, largest first](https://www.sectoralpha.in/us/sectors/utilities-regulated-electric#all-companies)

### Companies close in size in other industries

1. [Royal Caribbean Cruises Ltd.](https://www.sectoralpha.in/us/stocks/rcl) $85.9 billion · Travel Services
2. [MercadoLibre, Inc.](https://www.sectoralpha.in/us/stocks/meli) $85 billion · Internet Retail
3. National Grid plc $84.9 billion
4. [Comcast Corporation](https://www.sectoralpha.in/us/stocks/cmcsa) $84.8 billion · Telecom Services
5. [Howmet Aerospace Inc.](https://www.sectoralpha.in/us/stocks/hwm) $84.7 billion · Aerospace & Defense

## What else do people ask about National Grid? ### What were National Grid's latest quarterly results? National Grid plc reported revenue of $10.6 B and net profit of $2.6 B for the Mar 2026 quarter. Revenue rose 2.0% and profit rose 16.3% compared with a year earlier. Earnings per share were $0.53. The operating margin was 32.6%, 1.8 percentage points lower than a year earlier (as of 3 November 2026). ### What is National Grid's market cap? National Grid plc's market capitalisation is $82.1 B at a stock price of $82.83. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is National Grid performing? National Grid plc's share price has been moving sideways for 1 weeks. In its latest quarter, revenue rose 2.0% and profit rose 16.3% compared with a year earlier. Over the past 13 weeks it has done better than the S&P 500, for 2 weeks running (as of 3 November 2026). ### Will National Grid's stock price go up? This page does not forecast National Grid plc's stock price. What it shows instead: the stock price is $82.83, and it has been moving sideways for 1 weeks. Nobody can reliably say which way a price will move, and this site does not try (as of 3 November 2026). ### Where is National Grid in its business cycle? National Grid plc's FY26 operating margin was 29.2%, against a 5-year range of 19.4% to 29.2%: the top of its range, a record year. When profit is at a record, every ratio looks better than usual, and the story depends on margins staying high. The latest quarter was 32.6%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the National Grid story? Biggest thing to watch: margins are the best this company has ever reported. Every ratio looks better at a record, so the story depends on margins staying high. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is National Grid a stock worth studying right now? What the numbers show: National Grid plc's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: the next one or two quarters of results. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). This is research, not advice. We’re not SEBI-registered.