National Grid PLC ADR (NGG) - Net Assets
Based on the latest financial reports, National Grid PLC ADR (NGG) has net assets worth $37.22 Billion USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($103.76 Billion) and total liabilities ($66.54 Billion). 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 National Grid PLC ADR asset portfolio for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $37.22 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 ADR - Net Assets Trend (1993–2025)
This chart illustrates how National Grid PLC ADR's net assets have evolved over time, based on quarterly financial data. For live valuation and market cap data, see National Grid PLC ADR market cap and net worth.
Annual Net Assets for National Grid PLC ADR (1993–2025)
The table below shows the annual net assets of National Grid PLC ADR from 1993 to 2025. Explore how efficiently does National Grid PLC ADR generate cash to assess how effectively this company generates cash.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | $37.83 Billion | +26.54% |
| 2024-03-31 | $29.89 Billion | +1.12% |
| 2023-03-31 | $29.56 Billion | +23.92% |
| 2022-03-31 | $23.86 Billion | +20.12% |
| 2021-03-31 | $19.86 Billion | +0.34% |
| 2020-03-31 | $19.79 Billion | +1.15% |
| 2019-03-31 | $19.57 Billion | +3.82% |
| 2018-03-31 | $18.85 Billion | -7.54% |
| 2017-03-31 | $20.38 Billion | +50.27% |
| 2016-03-31 | $13.56 Billion | +13.29% |
| 2015-03-31 | $11.97 Billion | +0.46% |
| 2014-03-31 | $11.92 Billion | +16.46% |
| 2013-03-31 | $10.23 Billion | +10.69% |
| 2012-03-31 | $9.25 Billion | +1.95% |
| 2011-03-31 | $9.07 Billion | +115.36% |
| 2010-03-31 | $4.21 Billion | +5.70% |
| 2009-03-31 | $3.98 Billion | -25.87% |
| 2008-03-31 | $5.37 Billion | +29.93% |
| 2007-03-31 | $4.14 Billion | +18.41% |
| 2006-03-31 | $3.49 Billion | +64.69% |
| 2005-03-31 | $2.12 Billion | +66.88% |
| 2004-03-31 | $1.27 Billion | +2.83% |
| 2003-03-31 | $1.24 Billion | -62.48% |
| 2002-03-31 | $3.29 Billion | -6.35% |
| 2001-03-31 | $3.52 Billion | +19.48% |
| 2000-03-31 | $2.94 Billion | +50.79% |
| 1999-03-31 | $1.95 Billion | +110.08% |
| 1998-03-31 | $929.40 Million | -33.08% |
| 1997-03-31 | $1.39 Billion | +26.01% |
| 1996-03-31 | $1.10 Billion | -44.11% |
| 1995-03-31 | $1.97 Billion | +16.23% |
| 1994-03-31 | $1.70 Billion | +20.81% |
| 1993-03-31 | $1.40 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to National Grid PLC ADR'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 | $40.11 Billion | 106.09% |
| Common Stock | $638.00 Million | 1.69% |
| Total Equity | $37.80 Billion | 100.00% |
National Grid PLC ADR Competitors by Market Cap
The table below lists competitors of National Grid PLC ADR ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Johnson Controls International PLC
NYSE:JCI
|
$86.82 Billion |
|
Samsung Electronics Co Pref
KO:005935
|
$86.82 Billion |
|
Quanta Services Inc
NYSE:PWR
|
$87.09 Billion |
|
Trane Technologies plc
F:2IS
|
$87.59 Billion |
|
National Australia Bank Ltd
AU:NAB
|
$86.22 Billion |
|
U.S. Bancorp
NYSE:USB
|
$85.92 Billion |
|
National Australia Bank Limited
F:NAL
|
$85.68 Billion |
|
Grupo México S.A.B. de C.V
MX:GMEXICOB
|
$85.66 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in National Grid PLC ADR'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 1,507,540,461 reduced retained earnings.
- Share repurchases of 7,000,000 reduced equity.
- New share issuances of 7,019,000,000 increased equity.
- Other comprehensive income increased equity by 3,990,000,000.
- Other factors decreased equity by 4,460,459,539.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $2.90 Billion | +7.68% |
| Dividends Paid | $1.51 Billion | -3.99% |
| Share Repurchases | $7.00 Million | -0.02% |
| Share Issuances | $7.02 Billion | +18.57% |
| Other Comprehensive Income | $3.99 Billion | +10.55% |
| Other Changes | $-4.46 Billion | -11.8% |
| Total Change | $- | 26.57% |
Book Value vs Market Value Analysis
This analysis compares National Grid PLC ADR'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: 2.18x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 16.15x to 2.18x 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 | $5.38 | $86.96 | x |
| 1994-03-31 | $6.50 | $86.96 | x |
| 1995-03-31 | $7.56 | $86.96 | x |
| 1996-03-31 | $4.22 | $86.96 | x |
| 1997-03-31 | $5.27 | $86.96 | x |
| 1998-03-31 | $3.01 | $86.96 | x |
| 1999-03-31 | $6.91 | $86.96 | x |
| 2000-03-31 | $10.24 | $86.96 | x |
| 2001-03-31 | $12.93 | $86.96 | x |
| 2002-03-31 | $9.91 | $86.96 | x |
| 2003-03-31 | $2.06 | $86.96 | x |
| 2004-03-31 | $2.19 | $86.96 | x |
| 2005-03-31 | $3.50 | $86.96 | x |
| 2006-03-31 | $5.51 | $86.96 | x |
| 2007-03-31 | $6.79 | $86.96 | x |
| 2008-03-31 | $9.20 | $86.96 | x |
| 2009-03-31 | $7.24 | $86.96 | x |
| 2010-03-31 | $7.62 | $86.96 | x |
| 2011-03-31 | $13.17 | $86.96 | x |
| 2012-03-31 | $12.92 | $86.96 | x |
| 2013-03-31 | $13.70 | $86.96 | x |
| 2014-03-31 | $15.93 | $86.96 | x |
| 2015-03-31 | $17.10 | $86.96 | x |
| 2016-03-31 | $19.51 | $86.96 | x |
| 2017-03-31 | $27.01 | $86.96 | x |
| 2018-03-31 | $24.90 | $86.96 | x |
| 2019-03-31 | $26.41 | $86.96 | x |
| 2020-03-31 | $26.12 | $86.96 | x |
| 2021-03-31 | $25.21 | $86.96 | x |
| 2022-03-31 | $30.29 | $86.96 | x |
| 2023-03-31 | $36.93 | $86.96 | x |
| 2024-03-31 | $37.01 | $86.96 | x |
| 2025-03-31 | $39.97 | $86.96 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently National Grid PLC ADR 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 (29.81%), 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 | $240.85 Million |
| 1994 | 25.92% | 30.86% | 0.43x | 1.95x | $270.12 Million |
| 1995 | 22.05% | 30.44% | 0.45x | 1.62x | $237.58 Million |
| 1996 | 38.31% | 28.40% | 0.47x | 2.90x | $312.08 Million |
| 1997 | 29.89% | 28.49% | 0.44x | 2.41x | $276.31 Million |
| 1998 | 50.39% | 29.10% | 0.47x | 3.68x | $375.36 Million |
| 1999 | 50.47% | 65.08% | 0.30x | 2.61x | $790.15 Million |
| 2000 | 38.57% | 69.49% | 0.18x | 3.01x | $831.10 Million |
| 2001 | 32.19% | 16.24% | 0.69x | 2.87x | $771.42 Million |
| 2002 | -10.64% | -4.50% | 0.43x | 5.45x | $-659.66 Million |
| 2003 | 30.47% | 3.73% | 0.38x | 21.65x | $235.80 Million |
| 2004 | 87.96% | 11.89% | 0.39x | 19.16x | $951.90 Million |
| 2005 | 43.01% | 10.66% | 0.31x | 13.06x | $696.90 Million |
| 2006 | 110.57% | 41.88% | 0.35x | 7.45x | $3.50 Billion |
| 2007 | 33.79% | 15.88% | 0.31x | 6.88x | $981.50 Million |
| 2008 | 59.56% | 27.74% | 0.30x | 7.05x | $2.65 Billion |
| 2009 | 23.78% | 6.02% | 0.35x | 11.20x | $547.00 Million |
| 2010 | 33.01% | 9.90% | 0.32x | 10.37x | $966.10 Million |
| 2011 | 23.83% | 15.05% | 0.31x | 5.12x | $1.25 Billion |
| 2012 | 20.75% | 13.86% | 0.29x | 5.12x | $993.10 Million |
| 2013 | 21.05% | 14.99% | 0.26x | 5.35x | $1.13 Billion |
| 2014 | 20.79% | 16.72% | 0.28x | 4.40x | $1.28 Billion |
| 2015 | 16.88% | 13.28% | 0.28x | 4.61x | $822.80 Million |
| 2016 | 19.11% | 19.61% | 0.22x | 4.35x | $1.24 Billion |
| 2017 | 38.27% | 51.85% | 0.23x | 3.23x | $5.76 Billion |
| 2018 | 18.85% | 23.28% | 0.26x | 3.12x | $1.67 Billion |
| 2019 | 7.73% | 10.12% | 0.24x | 3.24x | $-443.80 Million |
| 2020 | 6.39% | 9.46% | 0.20x | 3.42x | $-713.10 Million |
| 2021 | 11.86% | 12.75% | 0.27x | 3.39x | $369.10 Million |
| 2022 | 9.87% | 12.75% | 0.19x | 3.98x | $-30.30 Million |
| 2023 | 26.40% | 36.00% | 0.23x | 3.14x | $4.84 Billion |
| 2024 | 7.67% | 11.54% | 0.20x | 3.29x | $-696.70 Million |
| 2025 | 7.68% | 15.79% | 0.17x | 2.82x | $-878.30 Million |
Industry Comparison
This section compares National Grid PLC ADR's net assets metrics with peer companies in the Utilities - Regulated Electric industry.
Industry Context
- Industry: Utilities - Regulated Electric
- Average net assets among peers: $11,002,926,900
- Average return on equity (ROE) among peers: 5.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| National Grid PLC ADR (NGG) | $37.22 Billion | 27.15% | 1.79x | $86.46 Billion |
| Ameren Corp (AEE) | $6.69 Billion | 4.32% | 2.15x | $30.51 Billion |
| American Electric Power Co Inc (AEP) | $7.82 Billion | -6.63% | 3.44x | $71.56 Billion |
| CMS Energy Corporation (CMS) | $2.59 Billion | -3.05% | 4.94x | $23.51 Billion |
| CenterPoint Energy Inc (CNP) | $5.48 Billion | 8.16% | 4.85x | $27.76 Billion |
| Dominion Energy Inc (D) | $33.42 Billion | 8.97% | 2.47x | $56.35 Billion |
| DTE Energy Company (DTE) | $8.71 Billion | 10.41% | 3.56x | $30.10 Billion |
| Duke Energy Corporation (DUK) | $18.06 Billion | 6.77% | 2.09x | $100.82 Billion |
| Consolidated Edison Inc (ED) | $15.43 Billion | 9.89% | 2.12x | $41.08 Billion |
| Empresa Distribuidora y Comercializadora Norte SA ADR (EDN) | $2.18 Billion | 4.15% | 1.00x | $519.48 Million |
| Edison International (EIX) | $9.65 Billion | 11.37% | 2.89x | $26.74 Billion |
About National Grid PLC ADR
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