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EMA vs. NGG: Emera vs. National Grid Stock Comparison

How do Emera (EMA) and National Grid (NGG) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

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

Emera (EMA) 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.

Company profile comparison for Emera (EMA) and National Grid (NGG)
Profile ItemEMANGG
NameEmera Inc.National Grid plc Sponsored ADR
Country/RegionCanadaUnited Kingdom
GICS SectorUtilitiesUtilities
GICS Industry GroupUtilitiesUtilities
GICS IndustryElectric UtilitiesMulti-Utilities
GICS Sub-IndustryElectric UtilitiesMulti-Utilities
Market Capitalization15.62 billion USD83.60 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateJanuary 5, 2010August 10, 2005
Security TypeCommon StockADR

Price Performance

Cumulative Growth

EMA
NGG
GSPC
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Emera (EMA) vs. National Grid (NGG), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Emera (EMA) and National Grid (NGG). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Emera (EMA) and National Grid (NGG). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Emera (EMA) and National Grid (NGG)
MetricEMANGG
Total Return (1Y)9.07%13.00%
Total Return (3Y, Annualized)18.64%19.82%
Total Return (5Y, Annualized)6.45%12.34%

Risk Profile

Drawdown History

EMA
NGG
GSPC
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Emera (EMA) vs. National Grid (NGG), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Emera (EMA) and National Grid (NGG). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Emera (EMA) and National Grid (NGG)
MetricEMANGG
Volatility (1Y, Annualized)16.26%22.32%
Beta (5Y)0.400.73
Max Drawdown (5Y)-32.61%-39.20%
Avg. Volume (3M)713.97K911.70K

Risk-Adjusted Performance

Risk-Return Positioning

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EMA and NGG are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Emera (EMA) and National Grid (NGG)
MetricEMANGG
Sharpe Ratio (1Y)0.290.39
Sortino Ratio (1Y)0.430.54

Profitability

ROE (TTM)

Both Emera (EMA) at 7.56% and National Grid (NGG) at 10.31% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

EMA

Utilities industry group

7.56%

Max
17.99%
Q3
12.01%
Median
9.44%
EMA
7.56%
Q1
7.56%
Min
2.17%

NGG

Utilities industry group

10.31%

Max
17.99%
Q3
12.01%
NGG
10.31%
Median
9.44%
Q1
7.56%
Min
2.17%
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Emera (EMA) vs. National Grid (NGG): A comparison of their ROE against the Utilities industry group benchmark.

Net Margin (TTM)

National Grid (NGG) at 21.15% retains a top-quartile share of revenue as profit, ahead of Emera (EMA) at 11.64%, which keeps about the industry-typical share.

EMA

Utilities industry group

11.64%

Max
28.78%
Q3
17.30%
Median
12.73%
EMA
11.64%
Q1
9.18%
Min
-0.20%

NGG

Utilities industry group

21.15%

Max
28.78%
NGG
21.15%
Q3
17.30%
Median
12.73%
Q1
9.18%
Min
-0.20%
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Emera (EMA) vs. National Grid (NGG): A comparison of their net margin against the Utilities industry group benchmark.

Operating Margin (TTM)

Both Emera (EMA) at 17.85% and National Grid (NGG) at 28.64% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

EMA

Utilities industry group

17.85%

Max
53.83%
Q3
31.12%
Median
23.62%
EMA
17.85%
Q1
15.45%
Min
-4.90%

NGG

Utilities industry group

28.64%

Max
53.83%
Q3
31.12%
NGG
28.64%
Median
23.62%
Q1
15.45%
Min
-4.90%
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Emera (EMA) vs. National Grid (NGG): A comparison of their operating margin against the Utilities industry group benchmark.

Profitability Metrics

Profitability metrics for Emera (EMA) and National Grid (NGG)
MetricEMANGG
ROE (TTM)7.56%10.31%
ROA (TTM)2.91%3.33%
Net Margin (TTM)11.64%21.15%
Operating Margin (TTM)17.85%28.64%
Gross Margin (TTM)43.76%100.00%

Growth

Revenue Growth

Emera (EMA) at 21.89% sits in the top revenue growth quartile, while National Grid (NGG) at -3.76% is in the bottom quartile, showing a clear gap in revenue momentum.

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Emera (EMA) vs. National Grid (NGG): A comparison of their Revenue Growth across different time periods.

EPS Growth

Only one side can be read here: Emera (EMA) reports EPS growth of 97.66%, ranked against its industry; National Grid (NGG) has no EPS growth figure this period.

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Emera (EMA) vs. National Grid (NGG): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Emera (EMA) and National Grid (NGG)
MetricEMANGG
Revenue Growth (YoY)21.89%-3.76%
Revenue Growth (3Y CAGR)4.97%-6.53%
EPS Growth (YoY)97.66%--
EPS Growth (3Y CAGR)-1.62%-30.59%

Financial Strength

Current Ratio (MRQ)

Emera (EMA) at 0.73 keeps current ratio within its industry’s typical mid-range, while National Grid (NGG) at 0.62 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for NGG.

EMA

Utilities industry group

0.73

Max
1.90
Q3
1.17
Median
0.88
EMA
0.73
Q1
0.66
Min
0.29

NGG

Utilities industry group

0.62

Max
1.90
Q3
1.17
Median
0.88
Q1
0.66
NGG
0.62
Min
0.29
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Emera (EMA) vs. National Grid (NGG): A comparison of their current ratio against the Utilities industry group benchmark.

Debt / Equity (MRQ)

Both Emera (EMA) at 1.54 and National Grid (NGG) at 1.32 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

EMA

Utilities industry group

1.54

Max
2.63
Q3
1.77
EMA
1.54
Median
1.35
Q1
0.84
Min
0.00

NGG

Utilities industry group

1.32

Max
2.63
Q3
1.77
Median
1.35
NGG
1.32
Q1
0.84
Min
0.00
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Emera (EMA) vs. National Grid (NGG): A comparison of their debt-to-equity ratio against the Utilities industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Emera (EMA) and National Grid (NGG)
MetricEMANGG
Current Ratio (MRQ)0.730.62
Debt / Equity (MRQ)1.541.32
Net Debt / EBITDA6.386.32

Dividends

Dividend Yield (TTM)

Emera (EMA) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile National Grid (NGG) reports a yield of 0.57%, ranking against industry peers normally.

EMA

Utilities industry group

0.00%

Max
6.66%
Q3
3.58%
Median
2.85%
Q1
0.66%
EMA
0.00%
Min
0.00%

NGG

Utilities industry group

0.57%

Max
6.66%
Q3
3.58%
Median
2.85%
Q1
0.66%
NGG
0.57%
Min
0.00%
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Emera (EMA) vs. National Grid (NGG): A comparison of their dividend yield against the Utilities industry group benchmark.

Dividend Payout Ratio (TTM)

Both Emera (EMA) at 92.48% and National Grid (NGG) at 71.97% pay out an above-typical share of earnings for their industries, leaving thinner cover if profits dip.

EMA

Utilities industry group

92.48%

Max
113.04%
EMA
92.48%
Q3
68.72%
Median
56.38%
Q1
32.38%
Min
0.00%

NGG

Utilities industry group

71.97%

Max
113.04%
NGG
71.97%
Q3
68.72%
Median
56.38%
Q1
32.38%
Min
0.00%
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Emera (EMA) vs. National Grid (NGG): A comparison of their payout ratio against the Utilities industry group benchmark.

Dividend Metrics

Dividend metrics for Emera (EMA) and National Grid (NGG)
MetricEMANGG
Dividend Yield (TTM)0.00%0.57%
Dividend Payout Ratio (TTM)92.48%71.97%

Valuation

P/E Ratio (TTM)

National Grid (NGG) at 15.54 is near its industry’s usual P/E ratio, while Emera (EMA) at 23.58 sits in the richer quartile — EMA needs stronger growth or earnings quality to justify the premium.

EMA

Utilities industry group

23.58

Max
31.22
EMA
23.58
Q3
23.30
Median
19.64
Q1
15.17
Min
3.34

NGG

Utilities industry group

15.54

Max
31.22
Q3
23.30
Median
19.64
NGG
15.54
Q1
15.17
Min
3.34
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Emera (EMA) vs. National Grid (NGG): A comparison of their P/E ratio against the Utilities industry group benchmark.

P/S Ratio (TTM)

Emera (EMA) at 1.75 is priced about in line with its industry on P/S ratio, while National Grid (NGG) at 4.46 sits in the pricier quartile — NGG costs more per dollar of sales.

EMA

Utilities industry group

1.75

Max
6.35
Q3
3.63
Median
2.63
EMA
1.75
Q1
1.52
Min
0.00

NGG

Utilities industry group

4.46

Max
6.35
NGG
4.46
Q3
3.63
Median
2.63
Q1
1.52
Min
0.00
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Emera (EMA) vs. National Grid (NGG): A comparison of their P/S ratio against the Utilities industry group benchmark.

P/B Ratio (MRQ)

Emera (EMA) at 1.80 sits near its industry’s typical P/B ratio, while National Grid (NGG) at 9.36 prices above its benchmark range — NGG looks rich relative to book.

EMA

Utilities industry group

1.80

Max
3.12
Q3
2.21
Median
1.83
EMA
1.80
Q1
1.46
Min
0.34

NGG

Utilities industry group

9.36

NGG
9.36
Max
3.12
Q3
2.21
Median
1.83
Q1
1.46
Min
0.34
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Emera (EMA) vs. National Grid (NGG): A comparison of their P/B ratio against the Utilities industry group benchmark.

Valuation Metrics

Valuation metrics for Emera (EMA) and National Grid (NGG)
MetricEMANGG
P/E Ratio (TTM)23.5815.54
P/S Ratio (TTM)1.754.46
P/B Ratio (MRQ)1.809.36
Free Cash Flow Yield (TTM)-9.18%-5.94%