National Grid PLC (NG) - Net Assets

Latest as of September 2025: GBX37.22 Billion GBX ≈ $4.53 Million USD

Based on the latest financial reports, National Grid PLC (NG) has net assets worth GBX37.22 Billion GBX (≈ $4.53 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX103.76 Billion ≈ $12.62 Million USD) and total liabilities (GBX66.54 Billion ≈ $8.10 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. Also explore NG total asset value for the complete picture of this company's asset base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	GBX37.22 Billion
% of Total Assets	35.87%
Annual Growth Rate	10.84%
5-Year Change	90.46%
10-Year Change	178.85%
Growth Volatility	36.72

National Grid PLC - Net Assets Trend (1993–2025)

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

Annual Net Assets for National Grid PLC (1993–2025)

The table below shows the annual net assets of National Grid PLC from 1993 to 2025. Explore National Grid PLC (NG) cash flow conversion to assess how effectively this company generates cash.

Year	Net Assets	Change
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 2839.5% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (March 2025)

Component	Amount	Percentage
Retained Earnings	GBX40.11 Billion	106.09%
Common Stock	GBX638.00 Million	1.69%
Other Comprehensive Income	GBX-4.23 Billion	-11.20%
Other Components	GBX1.29 Billion	3.42%
Total Equity	GBX37.80 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
Hangzhou Heshun Technology Co.LTD. SHE:301237	$792.06 Million
EVOTEC SE ADR 1/2 O.N. F:EVTA	$792.54 Million
Xiamen East Asia Machinery Industrial Co. Ltd. SHE:301028	$792.96 Million
ZhuZhou QianJin Pharmaceutical Co Ltd SHG:600479	$793.00 Million
Sejin Heavy Industries Co Ltd KO:075580	$791.71 Million
Hubei Century Network Technology Co Ltd SHE:300494	$791.70 Million
Beijing SDL Technology Co Ltd SHE:002658	$791.70 Million
Eurocrane China Co Ltd SHG:603966	$791.65 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 2024 to 2025, total equity changed from 29,867,000,000 to 37,803,000,000, a change of 7,936,000,000 (26.6%).
Net income of 2,902,000,000 contributed positively to equity growth.
Dividend payments of 1,529,000,000 reduced retained earnings.
Share repurchases of 7,000,000 reduced equity.
New share issuances of 7,019,000,000 increased equity.
Other comprehensive income decreased equity by 243,000,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	GBX2.90 Billion	+7.68%
Dividends Paid	GBX1.53 Billion	-4.04%
Share Repurchases	GBX7.00 Million	-0.02%
Share Issuances	GBX7.02 Billion	+18.57%
Other Comprehensive Income	GBX-243.00 Million	-0.64%
Other Changes	GBX-206.00 Million	-0.54%
Total Change	GBX-	26.57%

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: 163.75x
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 1215.82x to 163.75x 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	GBX1309.00	x
1994-03-31	GBX1.30	GBX1309.00	x
1995-03-31	GBX1.51	GBX1309.00	x
1996-03-31	GBX0.84	GBX1309.00	x
1997-03-31	GBX1.05	GBX1309.00	x
1998-03-31	GBX0.60	GBX1309.00	x
1999-03-31	GBX1.38	GBX1309.00	x
2000-03-31	GBX2.05	GBX1309.00	x
2001-03-31	GBX2.59	GBX1309.00	x
2002-03-31	GBX1.98	GBX1309.00	x
2003-03-31	GBX0.41	GBX1309.00	x
2004-03-31	GBX0.44	GBX1309.00	x
2005-03-31	GBX0.75	GBX1309.00	x
2006-03-31	GBX1.18	GBX1309.00	x
2007-03-31	GBX1.46	GBX1309.00	x
2008-03-31	GBX1.97	GBX1309.00	x
2009-03-31	GBX1.53	GBX1309.00	x
2010-03-31	GBX1.64	GBX1309.00	x
2011-03-31	GBX2.91	GBX1309.00	x
2012-03-31	GBX2.81	GBX1309.00	x
2013-03-31	GBX3.03	GBX1309.00	x
2014-03-31	GBX3.47	GBX1309.00	x
2015-03-31	GBX3.45	GBX1309.00	x
2016-03-31	GBX3.92	GBX1309.00	x
2017-03-31	GBX5.88	GBX1309.00	x
2018-03-31	GBX5.42	GBX1309.00	x
2019-03-31	GBX5.69	GBX1309.00	x
2020-03-31	GBX5.62	GBX1309.00	x
2021-03-31	GBX5.60	GBX1309.00	x
2022-03-31	GBX6.59	GBX1309.00	x
2023-03-31	GBX8.04	GBX1309.00	x
2024-03-31	GBX7.40	GBX1309.00	x
2025-03-31	GBX7.99	GBX1309.00	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): 7.68%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 15.79%
• Asset Turnover: 0.17x
• Equity Multiplier: 2.82x
Recent ROE (7.68%) is below the historical average (30.19%), 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

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: $72,959,000
Average return on equity (ROE) among peers: 8.78%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
National Grid PLC (NG)	GBX37.22 Billion	27.15%	1.79x	$791.76 Million
Jersey Electricity plc (JEL)	$72.96 Million	8.78%	0.16x	$637.31K

About National Grid PLC

LSE:NG UK Utilities - Regulated Electric

Market Cap

$791.76 Million

GBX6.51 Trillion GBX

Market Cap Rank

#10208 Global

#34 in UK

Share Price

GBX1309.00

Change (1 day)

-0.24%

52-Week Range

GBX1006.50 - GBX1400.00

All Time High

GBX1400.00