National Grid PLC (NG) - Net Assets

Latest as of March 2026: GBX39.33 Billion GBX ≈ $4.79 Million USD

Based on the latest financial reports, National Grid PLC (NG) has net assets worth GBX39.33 Billion GBX (≈ $4.79 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX108.28 Billion ≈ $13.17 Million USD) and total liabilities (GBX68.95 Billion ≈ $8.39 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check NG PP&E to net assets ratio to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric Value
Current Net Assets GBX39.33 Billion
% of Total Assets 36.32%
Annual Growth Rate 10.63%
5-Year Change 64.86%
10-Year Change 92.95%
Growth Volatility 36.23

National Grid PLC - Net Assets Trend (1993–2026)

This chart illustrates how National Grid PLC's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see NG market cap overview.

Annual Net Assets for National Grid PLC (1993–2026)

The table below shows the annual net assets of National Grid PLC from 1993 to 2026. Also explore National Grid PLC (NG) net asset momentum to track the company's year-over-year net asset growth rate.

Year Net Assets Change
2026-03-31 GBX39.33 Billion
≈ $4.79 Million		 +3.98%
2025-03-31 GBX37.83 Billion
≈ $4.60 Million		 +26.54%
2024-03-31 GBX29.89 Billion
≈ $3.64 Million		 +1.12%
2023-03-31 GBX29.56 Billion
≈ $3.60 Million		 +23.92%
2022-03-31 GBX23.86 Billion
≈ $2.90 Million		 +20.12%
2021-03-31 GBX19.86 Billion
≈ $2.42 Million		 +1.41%
2020-03-31 GBX19.58 Billion
≈ $2.38 Million		 +1.11%
2019-03-31 GBX19.37 Billion
≈ $2.36 Million		 +2.76%
2018-03-31 GBX18.85 Billion
≈ $2.29 Million		 -7.54%
2017-03-31 GBX20.38 Billion
≈ $2.48 Million		 +50.27%
2016-03-31 GBX13.56 Billion
≈ $1.65 Million		 +13.29%
2015-03-31 GBX11.97 Billion
≈ $1.46 Million		 +0.46%
2014-03-31 GBX11.92 Billion
≈ $1.45 Million		 +16.48%
2013-03-31 GBX10.23 Billion
≈ $1.25 Million		 +10.67%
2012-03-31 GBX9.25 Billion
≈ $1.12 Million		 +1.95%
2011-03-31 GBX9.07 Billion
≈ $1.10 Million		 +115.36%
2010-03-31 GBX4.21 Billion
≈ $512.36K		 +5.70%
2009-03-31 GBX3.98 Billion
≈ $484.74K		 -25.87%
2008-03-31 GBX5.37 Billion
≈ $653.86K		 +29.93%
2007-03-31 GBX4.14 Billion
≈ $503.23K		 +18.41%
2006-03-31 GBX3.49 Billion
≈ $425.00K		 +64.69%
2005-03-31 GBX2.12 Billion
≈ $258.06K		 +66.88%
2004-03-31 GBX1.27 Billion
≈ $154.64K		 +2.83%
2003-03-31 GBX1.24 Billion
≈ $150.39K		 -62.48%
2002-03-31 GBX3.29 Billion
≈ $400.83K		 -6.35%
2001-03-31 GBX3.52 Billion
≈ $427.99K		 +19.48%
2000-03-31 GBX2.94 Billion
≈ $358.21K		 +50.79%
1999-03-31 GBX1.95 Billion
≈ $237.56K		 +110.08%
1998-03-31 GBX929.40 Million
≈ $113.08K		 -33.08%
1997-03-31 GBX1.39 Billion
≈ $168.99K		 +26.01%
1996-03-31 GBX1.10 Billion
≈ $134.11K		 -44.11%
1995-03-31 GBX1.97 Billion
≈ $239.96K		 +16.23%
1994-03-31 GBX1.70 Billion
≈ $206.45K		 +20.81%
1993-03-31 GBX1.40 Billion
≈ $170.89K		 --

Equity Component Analysis

This analysis shows how different components contribute to National Grid PLC's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

  • Retained earnings have grown by 2971.6% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (March 2026)

Component Amount Percentage
Retained Earnings GBX41.91 Billion 106.64%
Common Stock GBX647.00 Million 1.65%
Other Comprehensive Income GBX-4.54 Billion -11.56%
Other Components GBX1.28 Billion 3.27%
Total Equity GBX39.30 Billion 100.00%

National Grid PLC Competitors by Market Cap

The table below lists competitors of National Grid PLC ranked by their market capitalization.

Company Market Cap
Danel (Adir Yeoshua) Ltd
TA:DANE
 $679.34 Million
Aeon Credit Service Bhd
KLSE:5139
 $679.45 Million
Suntront Tech
SHE:300259
 $679.58 Million
Kunshan Top A Intelligent Equipment
SHE:300836
 $679.63 Million
Fineotex Chemical Limited
NSE:FCL
 $678.55 Million
Garudafood Putra Putri Jaya Tbk PT
JK:GOOD
 $678.52 Million
Truecaller AB (publ)
ST:TRUE-B
 $678.33 Million
Shandong Mining Machinery Group Co Ltd
SHE:002526
 $678.28 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in National Grid PLC's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2025 to 2026, total equity changed from 37,803,000,000 to 39,299,000,000, a change of 1,496,000,000 (4.0%).
  • Net income of 3,241,000,000 contributed positively to equity growth.
  • Dividend payments of 1,623,000,000 reduced retained earnings.
  • Share repurchases of 1,000,000 reduced equity.
  • New share issuances of 40,000,000 increased equity.
  • Other comprehensive income decreased equity by 309,000,000.

Equity Change Factors (2025 to 2026)

Factor Impact Contribution
Net Income GBX3.24 Billion +8.25%
Dividends Paid GBX1.62 Billion -4.13%
Share Repurchases GBX1.00 Million -0.0%
Share Issuances GBX40.00 Million +0.1%
Other Comprehensive Income GBX-309.00 Million -0.79%
Other Changes GBX148.00 Million +0.38%
Total Change GBX- 3.96%

Book Value vs Market Value Analysis

This analysis compares National Grid PLC's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

  • Current price-to-book ratio: 140.41x
  • The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
  • The price-to-book ratio has decreased from 1030.99x to 140.41x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1993-03-31 GBX1.08 GBX1110.00 x
1994-03-31 GBX1.30 GBX1110.00 x
1995-03-31 GBX1.51 GBX1110.00 x
1996-03-31 GBX0.84 GBX1110.00 x
1997-03-31 GBX1.05 GBX1110.00 x
1998-03-31 GBX0.60 GBX1110.00 x
1999-03-31 GBX1.38 GBX1110.00 x
2000-03-31 GBX2.05 GBX1110.00 x
2001-03-31 GBX2.59 GBX1110.00 x
2002-03-31 GBX1.98 GBX1110.00 x
2003-03-31 GBX0.41 GBX1110.00 x
2004-03-31 GBX0.44 GBX1110.00 x
2005-03-31 GBX0.75 GBX1110.00 x
2006-03-31 GBX1.18 GBX1110.00 x
2007-03-31 GBX1.46 GBX1110.00 x
2008-03-31 GBX1.97 GBX1110.00 x
2009-03-31 GBX1.53 GBX1110.00 x
2010-03-31 GBX1.64 GBX1110.00 x
2011-03-31 GBX2.91 GBX1110.00 x
2012-03-31 GBX2.81 GBX1110.00 x
2013-03-31 GBX3.03 GBX1110.00 x
2014-03-31 GBX3.47 GBX1110.00 x
2015-03-31 GBX3.45 GBX1110.00 x
2016-03-31 GBX3.92 GBX1110.00 x
2017-03-31 GBX5.88 GBX1110.00 x
2018-03-31 GBX5.42 GBX1110.00 x
2019-03-31 GBX5.69 GBX1110.00 x
2020-03-31 GBX5.62 GBX1110.00 x
2021-03-31 GBX5.60 GBX1110.00 x
2022-03-31 GBX6.59 GBX1110.00 x
2023-03-31 GBX8.04 GBX1110.00 x
2024-03-31 GBX7.40 GBX1110.00 x
2025-03-31 GBX7.99 GBX1110.00 x
2026-03-31 GBX7.91 GBX1110.00 x

Capital Efficiency Dashboard

This dashboard shows how efficiently National Grid PLC utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

  • Current Return on Equity (ROE): 8.25%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 18.32%
  • • Asset Turnover: 0.16x
  • • Equity Multiplier: 2.76x
  • Recent ROE (8.25%) is below the historical average (29.54%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1993 27.15% 27.40% 0.45x 2.19x GBX240.85 Million
1994 25.92% 30.86% 0.43x 1.95x GBX270.12 Million
1995 22.05% 30.44% 0.45x 1.62x GBX237.58 Million
1996 38.31% 28.40% 0.47x 2.90x GBX312.08 Million
1997 29.89% 28.49% 0.44x 2.41x GBX276.31 Million
1998 47.25% 27.28% 0.47x 3.68x GBX346.16 Million
1999 51.98% 67.03% 0.30x 2.61x GBX819.75 Million
2000 39.48% 71.12% 0.18x 3.01x GBX857.50 Million
2001 22.12% 20.24% 0.38x 2.87x GBX421.42 Million
2002 -15.43% -11.21% 0.25x 5.45x GBX-812.96 Million
2003 36.37% 4.46% 0.38x 21.65x GBX303.80 Million
2004 87.96% 11.89% 0.39x 19.16x GBX951.90 Million
2005 67.46% 19.29% 0.27x 13.06x GBX1.21 Billion
2006 110.51% 43.39% 0.34x 7.45x GBX3.50 Billion
2007 33.79% 16.03% 0.31x 6.88x GBX981.50 Million
2008 59.56% 27.93% 0.30x 7.05x GBX2.65 Billion
2009 23.78% 6.04% 0.35x 11.20x GBX547.00 Million
2010 33.01% 9.90% 0.32x 10.37x GBX966.10 Million
2011 23.83% 15.05% 0.31x 5.12x GBX1.25 Billion
2012 22.04% 14.72% 0.29x 5.12x GBX1.11 Billion
2013 21.05% 14.99% 0.26x 5.35x GBX1.13 Billion
2014 20.79% 16.72% 0.28x 4.40x GBX1.28 Billion
2015 16.88% 15.12% 0.24x 4.61x GBX822.80 Million
2016 19.11% 19.61% 0.22x 4.35x GBX1.24 Billion
2017 38.27% 51.85% 0.23x 3.23x GBX5.76 Billion
2018 18.85% 23.28% 0.26x 3.12x GBX1.67 Billion
2019 7.81% 10.12% 0.24x 3.25x GBX-423.90 Million
2020 6.46% 9.46% 0.20x 3.43x GBX-692.20 Million
2021 8.27% 12.00% 0.20x 3.39x GBX-343.90 Million
2022 9.87% 12.75% 0.19x 3.98x GBX-30.30 Million
2023 26.40% 36.00% 0.23x 3.14x GBX4.84 Billion
2024 7.67% 11.54% 0.20x 3.29x GBX-696.70 Million
2025 7.68% 15.79% 0.17x 2.82x GBX-878.30 Million
2026 8.25% 18.32% 0.16x 2.76x GBX-688.90 Million

Industry Comparison

This section compares National Grid PLC's net assets metrics with peer companies in the Utilities - Regulated Electric industry.

Industry Context

  • Industry: Utilities - Regulated Electric
  • Average net assets among peers: $176,264,000
  • Average return on equity (ROE) among peers: 6.01%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
National Grid PLC (NG) GBX39.33 Billion 27.15% 1.75x $678.90 Million
Jersey Electricity plc (JEL) $176.26 Million 6.01% 0.54x $623.15K

About National Grid PLC

LSE:NG UK Utilities - Regulated Electric
Market Cap
$678.90 Million
GBX5.58 Trillion GBX
Market Cap Rank
#10723 Global
#43 in UK
Share Price
GBX1110.00
Change (1 day)
+0.45%
52-Week Range
GBX1031.50 - GBX1400.00
All Time High
GBX1400.00
Categories
Companies in UK Utilities - Regulated Electric
About

National Grid plc engages in the transmission and distribution of electricity and gas. It operates through UK Electricity Transmission, UK Electricity Distribution, New England, New York, National Grid Ventures, and Other segments. The UK Electricity Transmission segment provides electricity transmission networks in England and Wales. The UK Electricity Distribution segment offers electricity dis… Read more