P/E ratio for National Grid (NGG)
P/E ratio as of June 2024 (TTM): N/A
According to National Grid's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 0. At the end of 2007 the company had a P/E ratio of 7.68.
P/E ratio history for National Grid from 2005 to 2009
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2007 | 7.68 | -58.89% |
| 2006 | 18.7 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 BP BP | 4.28 | N/A | 🇬🇧 UK |
 Consolidated Edison ED | 13.3 | N/A | 🇺🇸 USA |
 DTE Energy
DTE | 18.6 | N/A | 🇺🇸 USA |
 Sempra Energy SRE | 18.8 | N/A | 🇺🇸 USA |
 NiSource
NI | 17.3 | N/A | 🇺🇸 USA |
 TC Energy
TRP | 54.1 | N/A | 🇨🇦 Canada |
 Unitil Corporation
UTL | 19.1 | N/A | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.