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National Grid (NGG, Electric & gas utilities) Stock Valuation & Fair Value

Mixed on our tests

National Grid (NGG, Electric & gas utilities) trades at a current P/E of 14.4, about 13% below its historical normal valuation, with a forward growth estimate of 9.8% and a PEG of 1.47. Analysts' one-year estimates have been hit 55% of the time. Priced at its historical normal P/E of 16.6 on the same blended earnings, the 2026-11-06 close of $83.15 corresponds to about $95.60 a share. This is a valuation reference, not a price target.

How to read these numbers: the PEG ratio and current P/E versus normal P/E.

Current P/E
14.4
Normal P/E
16.6
PEG
1.47
Fwd growth
9.8%
Div yield
3.9%
RSI (14)
56.6
Neutral
Technical context
  • Price $83.15 at the Nov 6 close, 1.7% above the 20-day average ($81.75) and 5.6% above the 50-day ($78.71).
  • RSI (14) at 56.6.
  • 52-week range $71.66 to $91.52: the price is 9.1% below the high and 16.0% above the low.

The Street vs SeerForecast

Wall Street's mean price target for NGG is $89.94 across 5 analysts, 8.2% above the current price. Our SeerForecast read of the same stock, formed without analyst targets: mixed on our tests. When the two disagree, start your digging there.

Valuation flags

Verdict history

tickerseer's rating changed 2 times after 2026-09-19 and is back where it started: mixed on our tests as of 2026-11-02.

Current P/E and rating by weekCurrent P/E moved from 13.7 to 14.7 between 2026-09-18 and 2026-10-30, against a normal P/E of 16.6, with 2 rating changes over 7 recorded weeks.2026-09-18: P/E 13.7, Mixed on our tests, recalculated for the week of 2026-09-192026-09-18: P/E 13.7, Mixed on our tests, recorded live 2026-09-212026-09-25: P/E 13.4, Mixed on our tests, recalculated for the week of 2026-09-262026-09-25: P/E 13.4, Favorable on our tests, recorded live 2026-09-282026-10-02: P/E 13.5, Mixed on our tests, recalculated for the week of 2026-10-032026-10-02: P/E 13.5, Mixed on our tests, recorded live 2026-10-052026-10-09: P/E 13.5, Mixed on our tests, recalculated for the week of 2026-10-102026-10-09: P/E 13.5, Mixed on our tests, recorded live 2026-10-122026-10-16: P/E 14.3, Mixed on our tests, recalculated for the week of 2026-10-172026-10-16: P/E 14.3, Mixed on our tests, recorded live 2026-10-192026-10-23: P/E 14.4, Mixed on our tests, recalculated for the week of 2026-10-242026-10-23: P/E 14.4, Mixed on our tests, recorded live 2026-10-262026-10-30: P/E 14.7, Mixed on our tests, recalculated for the week of 2026-10-312026-10-30: P/E 14.7, Mixed on our tests, recorded live 2026-11-0214.015.016.0Sep 18Sep 28Oct 9Oct 20Oct 30Normal P/E 16.6
Favorable on our testsMixed on our tests

Not every point was recorded live. Points marked recalculated are worked out from the metrics tickerseer archived that week.

Selected weeks: the first, the latest, every week the rating moved, and the cheapest and dearest.

WeekCurrent P/EPremium to normal P/ERating
2026-09-19P/E 13.7-17%Mixed on our tests (recalculated)
2026-09-26P/E 13.4-19%Mixed on our tests (recalculated)
2026-09-28P/E 13.4-19%Favorable on our tests (across a rating rules change)
2026-10-03P/E 13.5-19%Mixed on our tests (recalculated)
2026-10-31P/E 14.7-11%Mixed on our tests (recalculated)
2026-11-02P/E 14.7-11%Mixed on our tests ← now
Show all 14 readings
WeekCurrent P/EPremium to normal P/ERating
2026-09-19P/E 13.7-17%Mixed on our tests (recalculated)
2026-09-21P/E 13.7-17%Mixed on our tests
2026-09-26P/E 13.4-19%Mixed on our tests (recalculated)
2026-09-28P/E 13.4-19%Favorable on our tests (across a rating rules change)
2026-10-03P/E 13.5-19%Mixed on our tests (recalculated)
2026-10-05P/E 13.5-19%Mixed on our tests
2026-10-10P/E 13.5-18%Mixed on our tests (recalculated)
2026-10-12P/E 13.5-18%Mixed on our tests
2026-10-17P/E 14.3-14%Mixed on our tests (recalculated)
2026-10-19P/E 14.3-14%Mixed on our tests
2026-10-24P/E 14.4-13%Mixed on our tests (recalculated)
2026-10-26P/E 14.4-13%Mixed on our tests
2026-10-31P/E 14.7-11%Mixed on our tests (recalculated)
2026-11-02P/E 14.7-11%Mixed on our tests ← now

Frequently asked questions

Is National Grid stock overvalued?

At a current P/E of 14.4 versus its historical normal P/E of 16.6, National Grid trades about 13% below its typical valuation, with a PEG of 1.47 on 9.8% forward growth. tickerseer currently rates it mixed on our tests.

What is National Grid's fair value and PEG?

National Grid trades at a current P/E of 14.4 against a historical normal P/E of 16.6, a PEG of 1.47, and a forward growth estimate of 9.8%. Priced at its historical normal P/E of 16.6 on the same blended earnings, the 2026-11-06 close of $83.15 corresponds to about $95.60 a share. This is a valuation reference, not a price target.

Has tickerseer's rating of National Grid changed?

tickerseer's rating changed 2 times after 2026-09-19 and is back where it started: mixed on our tests as of 2026-11-02.

What is the analyst price target for National Grid?

The mean Wall Street price target for National Grid is $89.94 across 5 analysts, 8.2% above the current price. tickerseer's SeerForecast verdict is formed independently of analyst targets.

Industry: Electric & gas utilities. Create a free account to see the full analysis: the SeerAI score, valuation history, and an AI research note where we have one. Options setups and metric history are part of the paid plans.

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