National Grid PLC Tangible Net Worth Ratio
National Grid PLC tangible net worth ratio. National Grid PLC (NG) has a Tangible Net Worth Ratio of 90.1% as of March 2026. This metric is calculated by deducting intangible assets (GBX3.88 Billion) from net assets (GBX39.33 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. Also explore NG shareholders equity momentum to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Tangible Net Worth Ratio of National Grid PLC (1993–2026)
Tangible net worth ratio of National Grid PLC from 1993 to 2026. This chart shows how National Grid PLC's Tangible Net Worth Ratio has changed across 34 annual periods from 1993 to 2026. As of March 2026, the ratio stands at 90.1%, reflecting net assets of GBX39.33 Billion with intangible assets of GBX3.88 Billion GBX. Check NG strategic asset allocation to assess the company's strategic physical and investment asset allocation.
National Grid PLC Tangible Net Worth Ratio by Year (1993–2026)
National Grid PLC tangible net worth ratio by year from 1993 to 2026. The table below presents the year-by-year Tangible Net Worth Ratio for National Grid PLC from 1993 to 2026, covering 34 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For live market cap and overall valuation, see NG market cap overview.
| Year | Tangible NW Ratio | Net Assets (GBX) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2026 | 90.1% | GBX39.33 Billion | GBX3.88 Billion | GBX108.28 Billion | ▼ -0.4 pp |
| 2025 | 90.6% | GBX37.83 Billion | GBX3.56 Billion | GBX106.74 Billion | ▲ +2.1 pp |
| 2024 | 88.5% | GBX29.89 Billion | GBX3.43 Billion | GBX98.33 Billion | ▲ +0.7 pp |
| 2023 | 87.8% | GBX29.56 Billion | GBX3.60 Billion | GBX92.70 Billion | ▲ +1.5 pp |
| 2022 | 86.3% | GBX23.86 Billion | GBX3.27 Billion | GBX94.86 Billion | ▼ -6.4 pp |
| 2021 | 92.7% | GBX19.86 Billion | GBX1.44 Billion | GBX67.22 Billion | ▼ -0.7 pp |
| 2020 | 93.4% | GBX19.58 Billion | GBX1.29 Billion | GBX67.09 Billion | ▼ -1.0 pp |
| 2019 | 94.4% | GBX19.37 Billion | GBX1.08 Billion | GBX62.96 Billion | ▼ -0.8 pp |
| 2018 | 95.2% | GBX18.85 Billion | GBX899.00 Million | GBX58.79 Billion | ▼ -0.2 pp |
| 2017 | 95.5% | GBX20.38 Billion | GBX923.00 Million | GBX65.84 Billion | ▲ +2.0 pp |
| 2016 | 93.5% | GBX13.56 Billion | GBX887.00 Million | GBX58.93 Billion | ▲ +0.2 pp |
| 2015 | 93.3% | GBX11.97 Billion | GBX802.00 Million | GBX55.09 Billion | ▼ -1.1 pp |
| 2014 | 94.4% | GBX11.92 Billion | GBX669.00 Million | GBX52.38 Billion | ▲ +0.1 pp |
| 2013 | 94.2% | GBX10.23 Billion | GBX589.00 Million | GBX54.70 Billion | ▲ +0.1 pp |
| 2012 | 94.1% | GBX9.25 Billion | GBX546.00 Million | GBX47.34 Billion | ▼ -0.4 pp |
| 2011 | 94.5% | GBX9.07 Billion | GBX501.00 Million | GBX46.40 Billion | ▲ +3.7 pp |
| 2010 | 90.8% | GBX4.21 Billion | GBX389.00 Million | GBX43.55 Billion | ▲ +0.0 pp |
| 2009 | 90.7% | GBX3.98 Billion | GBX370.00 Million | GBX44.47 Billion | ▼ -4.2 pp |
| 2008 | 95.0% | GBX5.37 Billion | GBX271.00 Million | GBX37.77 Billion | ▼ -1.6 pp |
| 2007 | 96.5% | GBX4.14 Billion | GBX144.00 Million | GBX28.39 Billion | ▲ +5.7 pp |
| 2006 | 90.8% | GBX3.49 Billion | GBX321.00 Million | GBX25.92 Billion | ▲ +7.7 pp |
| 2005 | 83.1% | GBX2.12 Billion | GBX358.00 Million | GBX27.56 Billion | ▲ +104.0 pp |
| 2004 | -20.9% | GBX1.27 Billion | GBX1.54 Billion | GBX23.40 Billion | ▲ +32.2 pp |
| 2003 | -53.2% | GBX1.24 Billion | GBX1.89 Billion | GBX24.94 Billion | ▼ -89.0 pp |
| 2002 | 35.9% | GBX3.29 Billion | GBX2.11 Billion | GBX17.42 Billion | ▼ -24.7 pp |
| 2001 | 60.6% | GBX3.52 Billion | GBX1.39 Billion | GBX9.98 Billion | ▼ -10.7 pp |
| 2000 | 71.3% | GBX2.94 Billion | GBX844.70 Million | GBX8.77 Billion | ▼ -27.9 pp |
| 1999 | 99.2% | GBX1.95 Billion | GBX15.10 Million | GBX5.09 Billion | ▲ +30.6 pp |
| 1998 | 68.6% | GBX929.40 Million | GBX292.00 Million | GBX3.42 Billion | ▼ -23.7 pp |
| 1997 | 92.3% | GBX1.39 Billion | GBX107.10 Million | GBX3.35 Billion | ▲ +17.6 pp |
| 1996 | 74.7% | GBX1.10 Billion | GBX278.60 Million | GBX3.19 Billion | ▼ -20.8 pp |
| 1995 | 95.5% | GBX1.97 Billion | GBX89.00 Million | GBX3.19 Billion | ▲ +1.2 pp |
| 1994 | 94.3% | GBX1.70 Billion | GBX97.30 Million | GBX3.31 Billion | ▼ -5.7 pp |
| 1993 | 100.0% | GBX1.40 Billion | GBX0.00 | GBX3.07 Billion | — |