CEG vs. NGG: Constellation Energy vs. National Grid Stock Comparison

Company Profile

Constellation Energy (CEG) and National Grid (NGG) both fall under the Utilities industry group, but CEG is classified in Electric Utilities while NGG is classified in Multi-Utilities.

National Grid (NGG) has more than two decades of public-market history since August 10, 2005, whereas Constellation Energy (CEG) listed on January 19, 2022 and has a much shorter record to draw on.

Constellation Energy (CEG) trades as ordinary local shares, while National Grid (NGG) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Price Performance

Cumulative Growth

Trailing Returns

Calendar-Year Returns

Performance Metrics

Risk Profile

Drawdown History

Return Distribution

Risk Metrics

Risk-Adjusted Performance

Risk-Return Positioning

Risk-Adjusted Metrics

Profitability

Constellation Energy (CEG) at 15.06% sits in the top ROE quartile, while National Grid (NGG) at 8.41% is closer to the peer norm — stronger capital efficiency for CEG.

National Grid (NGG) at 18.32% retains a top-quartile share of revenue as profit, ahead of Constellation Energy (CEG) at 11.08%, which keeps about the industry-typical share.

National Grid (NGG) at 32.60% carries a top-quartile operating margin, while Constellation Energy (CEG) at 7.70% operates in the bottom quartile.

Profitability Metrics

Growth

Constellation Energy (CEG) at 8.34% is around its peer norm for revenue growth, while National Grid (NGG) at -3.76% drops into the bottom quartile, signaling weaker demand or pricing momentum.

Only one side can be read here: Constellation Energy (CEG) reports EPS growth of -37.76%, ranked against its industry; National Grid (NGG) has no EPS growth figure this period.

Growth Metrics

Financial Strength

National Grid (NGG) at 0.76 keeps current ratio within its industry’s typical mid-range, while Constellation Energy (CEG) at 1.46 sits above its industry’s typical mid-range — comfortable liquidity, though possibly with more idle current assets relative to peers.

Constellation Energy (CEG) at 0.76 keeps leverage in the lower industry quartile, while National Grid (NGG) at 1.21 runs a more typical debt-to-equity mix.

Financial Strength Metrics

Dividends

National Grid (NGG) at 0.60% pays a yield in its industry’s typical range, while Constellation Energy (CEG) at 0.30% falls in the bottom quartile of its peers.

Constellation Energy (CEG) at 15.92% retains more earnings than its industry usually does; National Grid (NGG) at 71.18% distributes an above-typical share — opposite departures from the band, with the risk sitting on NGG’s side.

Dividend Metrics

Valuation

National Grid (NGG) at 18.26 is near its industry’s usual P/E ratio, while Constellation Energy (CEG) at 25.51 sits in the richer quartile — CEG needs stronger growth or earnings quality to justify the premium.

Constellation Energy (CEG) at 3.06 is priced about in line with its industry on P/S ratio, while National Grid (NGG) at 4.60 sits in the pricier quartile — NGG costs more per dollar of sales.

Both look rich against book: Constellation Energy (CEG) at 2.92 sits in the upper P/B ratio quartile, and National Grid (NGG) at 9.14 prices even higher, above its industry range.

Valuation Metrics