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NGG vs. PCG: National Grid vs. PG&E Stock Comparison

How do National Grid (NGG) and PG&E (PCG) 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

National Grid (NGG) and PG&E (PCG) both fall under the Utilities industry group, but NGG is classified in Multi-Utilities while PCG is classified in Electric Utilities.

PG&E (PCG) 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 National Grid (NGG) and PG&E (PCG)
Profile ItemNGGPCG
NameNational Grid plc Sponsored ADRPG&E Corporation
Country/RegionUnited KingdomUnited States
GICS SectorUtilitiesUtilities
GICS Industry GroupUtilitiesUtilities
GICS IndustryMulti-UtilitiesElectric Utilities
GICS Sub-IndustryMulti-UtilitiesElectric Utilities
Market Capitalization83.60 billion USD28.57 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateAugust 10, 2005June 1, 1972
Security TypeADRCommon Stock

Price Performance

Cumulative Growth

NGG
PCG
GSPC
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National Grid (NGG) vs. PG&E (PCG), 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 National Grid (NGG) and PG&E (PCG). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for National Grid (NGG) and PG&E (PCG)
MetricNGGPCG
Total Return (1Y)13.00%-19.03%
Total Return (3Y, Annualized)19.82%-6.50%
Total Return (5Y, Annualized)12.34%2.05%

Risk Profile

Drawdown History

NGG
PCG
GSPC
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National Grid (NGG) vs. PG&E (PCG), 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 National Grid (NGG) and PG&E (PCG). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

PG&E (PCG) is heavily traded at around 39.33M shares per day, whereas National Grid (NGG) sees a more moderate 911.70K — larger orders in the latter may require more patience and tighter control over order sizing.

Risk profile metrics for National Grid (NGG) and PG&E (PCG)
MetricNGGPCG
Volatility (1Y, Annualized)22.32%34.84%
Beta (5Y)0.730.17
Max Drawdown (5Y)-39.20%-43.92%
Avg. Volume (3M)911.70K39.33M

Risk-Adjusted Performance

Risk-Return Positioning

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NGG and PCG 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 National Grid (NGG) and PG&E (PCG)
MetricNGGPCG
Sharpe Ratio (1Y)0.39-0.67
Sortino Ratio (1Y)0.54-0.81

Profitability

ROE (TTM)

Both National Grid (NGG) at 10.31% and PG&E (PCG) at 8.89% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

NGG

Utilities industry group

10.31%

Max
17.99%
Q3
12.01%
NGG
10.31%
Median
9.44%
Q1
7.56%
Min
2.17%

PCG

Utilities industry group

8.89%

Max
17.99%
Q3
12.01%
Median
9.44%
PCG
8.89%
Q1
7.56%
Min
2.17%
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National Grid (NGG) vs. PG&E (PCG): 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 PG&E (PCG) at 11.57%, which keeps about the industry-typical share.

NGG

Utilities industry group

21.15%

Max
28.78%
NGG
21.15%
Q3
17.30%
Median
12.73%
Q1
9.18%
Min
-0.20%

PCG

Utilities industry group

11.57%

Max
28.78%
Q3
17.30%
Median
12.73%
PCG
11.57%
Q1
9.18%
Min
-0.20%
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National Grid (NGG) vs. PG&E (PCG): A comparison of their net margin against the Utilities industry group benchmark.

Operating Margin (TTM)

Both National Grid (NGG) at 28.64% and PG&E (PCG) at 23.64% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

NGG

Utilities industry group

28.64%

Max
53.83%
Q3
31.12%
NGG
28.64%
Median
23.62%
Q1
15.45%
Min
-4.90%

PCG

Utilities industry group

23.64%

Max
53.83%
Q3
31.12%
PCG
23.64%
Median
23.62%
Q1
15.45%
Min
-4.90%
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National Grid (NGG) vs. PG&E (PCG): A comparison of their operating margin against the Utilities industry group benchmark.

Profitability Metrics

Profitability metrics for National Grid (NGG) and PG&E (PCG)
MetricNGGPCG
ROE (TTM)10.31%8.89%
ROA (TTM)3.33%2.59%
Net Margin (TTM)21.15%11.57%
Operating Margin (TTM)28.64%23.64%
Gross Margin (TTM)100.00%40.57%

Growth

Revenue Growth

Both National Grid (NGG) at -3.76% and PG&E (PCG) at 2.11% post bottom-quartile revenue growth versus peers, pointing to weaker demand or pricing momentum than typical rivals.

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National Grid (NGG) vs. PG&E (PCG): A comparison of their Revenue Growth across different time periods.

EPS Growth

Only one side can be read here: PG&E (PCG) reports EPS growth of 2.61%, ranked against its industry; National Grid (NGG) has no EPS growth figure this period.

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National Grid (NGG) vs. PG&E (PCG): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for National Grid (NGG) and PG&E (PCG)
MetricNGGPCG
Revenue Growth (YoY)-3.76%2.11%
Revenue Growth (3Y CAGR)-6.53%4.77%
EPS Growth (YoY)--2.61%
EPS Growth (3Y CAGR)-30.59%12.00%

Financial Strength

Current Ratio (MRQ)

PG&E (PCG) at 1.03 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.

NGG

Utilities industry group

0.62

Max
1.90
Q3
1.17
Median
0.88
Q1
0.66
NGG
0.62
Min
0.29

PCG

Utilities industry group

1.03

Max
1.90
Q3
1.17
PCG
1.03
Median
0.88
Q1
0.66
Min
0.29
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National Grid (NGG) vs. PG&E (PCG): A comparison of their current ratio against the Utilities industry group benchmark.

Debt / Equity (MRQ)

National Grid (NGG) at 1.32 carries an industry-typical debt-to-equity mix, while PG&E (PCG) at 1.88 uses more debt funding than most peers.

NGG

Utilities industry group

1.32

Max
2.63
Q3
1.77
Median
1.35
NGG
1.32
Q1
0.84
Min
0.00

PCG

Utilities industry group

1.88

Max
2.63
PCG
1.88
Q3
1.77
Median
1.35
Q1
0.84
Min
0.00
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National Grid (NGG) vs. PG&E (PCG): A comparison of their debt-to-equity ratio against the Utilities industry group benchmark.

Financial Strength Metrics

Financial strength metrics for National Grid (NGG) and PG&E (PCG)
MetricNGGPCG
Current Ratio (MRQ)0.621.03
Debt / Equity (MRQ)1.321.88
Net Debt / EBITDA6.326.05

Dividends

Dividend Yield (TTM)

PG&E (PCG) at 1.51% pays a yield in its industry’s typical range, while National Grid (NGG) at 0.57% falls in the bottom quartile of its peers.

NGG

Utilities industry group

0.57%

Max
6.66%
Q3
3.58%
Median
2.85%
Q1
0.66%
NGG
0.57%
Min
0.00%

PCG

Utilities industry group

1.51%

Max
6.66%
Q3
3.58%
Median
2.85%
PCG
1.51%
Q1
0.66%
Min
0.00%
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National Grid (NGG) vs. PG&E (PCG): A comparison of their dividend yield against the Utilities industry group benchmark.

Dividend Payout Ratio (TTM)

PG&E (PCG) at 14.81% retains more earnings than its industry usually does; National Grid (NGG) at 71.97% distributes an above-typical share — opposite departures from the band, with the risk sitting on NGG’s side.

NGG

Utilities industry group

71.97%

Max
113.04%
NGG
71.97%
Q3
68.72%
Median
56.38%
Q1
32.38%
Min
0.00%

PCG

Utilities industry group

14.81%

Max
113.04%
Q3
68.72%
Median
56.38%
Q1
32.38%
PCG
14.81%
Min
0.00%
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National Grid (NGG) vs. PG&E (PCG): A comparison of their payout ratio against the Utilities industry group benchmark.

Dividend Metrics

Dividend metrics for National Grid (NGG) and PG&E (PCG)
MetricNGGPCG
Dividend Yield (TTM)0.57%1.51%
Dividend Payout Ratio (TTM)71.97%14.81%

Valuation

P/E Ratio (TTM)

PG&E (PCG) at 9.61 sits in the cheaper P/E ratio quartile, while National Grid (NGG) at 15.54 is closer to its industry’s usual earnings multiple — a discount for PCG, though growth and earnings durability still matter.

NGG

Utilities industry group

15.54

Max
31.22
Q3
23.30
Median
19.64
NGG
15.54
Q1
15.17
Min
3.34

PCG

Utilities industry group

9.61

Max
31.22
Q3
23.30
Median
19.64
Q1
15.17
PCG
9.61
Min
3.34
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National Grid (NGG) vs. PG&E (PCG): A comparison of their P/E ratio against the Utilities industry group benchmark.

P/S Ratio (TTM)

PG&E (PCG) at 1.11 looks cheap on sales in the lower P/S ratio quartile, while National Grid (NGG) at 4.46 looks rich in the upper quartile — a clear gap in price per dollar of revenue.

NGG

Utilities industry group

4.46

Max
6.35
NGG
4.46
Q3
3.63
Median
2.63
Q1
1.52
Min
0.00

PCG

Utilities industry group

1.11

Max
6.35
Q3
3.63
Median
2.63
Q1
1.52
PCG
1.11
Min
0.00
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National Grid (NGG) vs. PG&E (PCG): A comparison of their P/S ratio against the Utilities industry group benchmark.

P/B Ratio (MRQ)

PG&E (PCG) at 0.87 sits in the lower P/B ratio quartile relative to book while National Grid (NGG) at 9.36 prices above its industry range — a wide valuation gap against assets.

NGG

Utilities industry group

9.36

NGG
9.36
Max
3.12
Q3
2.21
Median
1.83
Q1
1.46
Min
0.34

PCG

Utilities industry group

0.87

Max
3.12
Q3
2.21
Median
1.83
Q1
1.46
PCG
0.87
Min
0.34
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National Grid (NGG) vs. PG&E (PCG): A comparison of their P/B ratio against the Utilities industry group benchmark.

Valuation Metrics

Valuation metrics for National Grid (NGG) and PG&E (PCG)
MetricNGGPCG
P/E Ratio (TTM)15.549.61
P/S Ratio (TTM)4.461.11
P/B Ratio (MRQ)9.360.87
Free Cash Flow Yield (TTM)-5.94%-22.73%