NGG vs. SBS: National Grid vs. Sabesp Stock Comparison
How do National Grid (NGG) and Sabesp (SBS) 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 Sabesp (SBS) both fall under the Utilities industry group, but NGG is classified in Multi-Utilities while SBS is classified in Water Utilities.
Both National Grid (NGG) and Sabesp (SBS) trade as ADRs — their core financials are comparable, but keep FX, depositary-program fees, and dividend withholding in view for each.
| Profile Item | NGG | SBS |
|---|---|---|
| Name | National Grid plc Sponsored ADR | Companhia de Saneamento Básico do Estado de São Paulo - SABESP ADR |
| Country/Region | United Kingdom | Brazil |
| GICS Sector | Utilities | Utilities |
| GICS Industry Group | Utilities | Utilities |
| GICS Industry | Multi-Utilities | Water Utilities |
| GICS Sub-Industry | Multi-Utilities | Water Utilities |
| Market Capitalization | 83.60 billion USD | 16.96 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | August 10, 2005 | May 10, 2002 |
| Security Type | ADR | ADR |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | NGG | SBS |
|---|---|---|
| Total Return (1Y) | 13.00% | -3.72% |
| Total Return (3Y, Annualized) | 19.82% | 28.33% |
| Total Return (5Y, Annualized) | 12.34% | 32.85% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
Sabesp (SBS) is heavily traded at around 11.85M 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.
| Metric | NGG | SBS |
|---|---|---|
| Volatility (1Y, Annualized) | 22.32% | 46.80% |
| Beta (5Y) | 0.73 | 0.76 |
| Max Drawdown (5Y) | -39.20% | -37.59% |
| Avg. Volume (3M) | 911.70K | 11.85M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | NGG | SBS |
|---|---|---|
| Sharpe Ratio (1Y) | 0.39 | -0.17 |
| Sortino Ratio (1Y) | 0.54 | -0.22 |
Profitability
ROE (TTM)
Sabesp (SBS) at 16.27% sits in the top ROE quartile, while National Grid (NGG) at 10.31% is closer to the peer norm — stronger capital efficiency for SBS.
NGG
Utilities industry group
10.31%
- Max
- 17.99%
- Q3
- 12.01%
- NGG
- 10.31%
- Median
- 9.44%
- Q1
- 7.56%
- Min
- 2.17%
SBS
Utilities industry group
16.27%
- Max
- 17.99%
- SBS
- 16.27%
- Q3
- 12.01%
- Median
- 9.44%
- Q1
- 7.56%
- Min
- 2.17%
Net Margin (TTM)
For every dollar of sales, both National Grid (NGG) at 21.15% and Sabesp (SBS) at 17.52% retain more as net profit than most peers, landing in the top net margin quartile of their industries.
NGG
Utilities industry group
21.15%
- Max
- 28.78%
- NGG
- 21.15%
- Q3
- 17.30%
- Median
- 12.73%
- Q1
- 9.18%
- Min
- -0.20%
SBS
Utilities industry group
17.52%
- Max
- 28.78%
- SBS
- 17.52%
- Q3
- 17.30%
- Median
- 12.73%
- Q1
- 9.18%
- Min
- -0.20%
Operating Margin (TTM)
Both National Grid (NGG) at 28.64% and Sabesp (SBS) at 29.28% 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%
SBS
Utilities industry group
29.28%
- Max
- 53.83%
- Q3
- 31.12%
- SBS
- 29.28%
- Median
- 23.62%
- Q1
- 15.45%
- Min
- -4.90%
Profitability Metrics
| Metric | NGG | SBS |
|---|---|---|
| ROE (TTM) | 10.31% | 16.27% |
| ROA (TTM) | 3.33% | 8.08% |
| Net Margin (TTM) | 21.15% | 17.52% |
| Operating Margin (TTM) | 28.64% | 29.28% |
| Gross Margin (TTM) | 100.00% | 36.96% |
Growth
Revenue Growth
Sabesp (SBS) at 5.39% 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.
EPS Growth
Only one side can be read here: Sabesp (SBS) reports EPS growth of -11.79%, ranked against its industry; National Grid (NGG) has no EPS growth figure this period.
Growth Metrics
| Metric | NGG | SBS |
|---|---|---|
| Revenue Growth (YoY) | -3.76% | 5.39% |
| Revenue Growth (3Y CAGR) | -6.53% | 19.98% |
| EPS Growth (YoY) | -- | -11.79% |
| EPS Growth (3Y CAGR) | -30.59% | 40.65% |
Financial Strength
Current Ratio (MRQ)
Sabesp (SBS) at 1.22 carries current ratio above its industry’s typical mid-range, while National Grid (NGG) at 0.62 runs in the tighter-liquidity quartile — different working-capital profiles, both worth examining.
NGG
Utilities industry group
0.62
- Max
- 1.90
- Q3
- 1.17
- Median
- 0.88
- Q1
- 0.66
- NGG
- 0.62
- Min
- 0.29
SBS
Utilities industry group
1.22
- Max
- 1.90
- SBS
- 1.22
- Q3
- 1.17
- Median
- 0.88
- Q1
- 0.66
- Min
- 0.29
Debt / Equity (MRQ)
Both National Grid (NGG) at 1.32 and Sabesp (SBS) at 0.99 fund their balance sheets with roughly industry-typical debt-to-equity mixes.
NGG
Utilities industry group
1.32
- Max
- 2.63
- Q3
- 1.77
- Median
- 1.35
- NGG
- 1.32
- Q1
- 0.84
- Min
- 0.00
SBS
Utilities industry group
0.99
- Max
- 2.63
- Q3
- 1.77
- Median
- 1.35
- SBS
- 0.99
- Q1
- 0.84
- Min
- 0.00
Financial Strength Metrics
| Metric | NGG | SBS |
|---|---|---|
| Current Ratio (MRQ) | 0.62 | 1.22 |
| Debt / Equity (MRQ) | 1.32 | 0.99 |
| Net Debt / EBITDA | 6.32 | 2.30 |
Dividends
Dividend Yield (TTM)
Sabesp (SBS) 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.
NGG
Utilities industry group
0.57%
- Max
- 6.66%
- Q3
- 3.58%
- Median
- 2.85%
- Q1
- 0.66%
- NGG
- 0.57%
- Min
- 0.00%
SBS
Utilities industry group
0.00%
- Max
- 6.66%
- Q3
- 3.58%
- Median
- 2.85%
- Q1
- 0.66%
- SBS
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Sabesp (SBS) at 35.95% pays out a band-typical share of earnings, while National Grid (NGG) at 71.97% distributes more than its industry norm — less retained, thinner cover.
NGG
Utilities industry group
71.97%
- Max
- 113.04%
- NGG
- 71.97%
- Q3
- 68.72%
- Median
- 56.38%
- Q1
- 32.38%
- Min
- 0.00%
SBS
Utilities industry group
35.95%
- Max
- 113.04%
- Q3
- 68.72%
- Median
- 56.38%
- SBS
- 35.95%
- Q1
- 32.38%
- Min
- 0.00%
Dividend Metrics
| Metric | NGG | SBS |
|---|---|---|
| Dividend Yield (TTM) | 0.57% | 0.00% |
| Dividend Payout Ratio (TTM) | 71.97% | 35.95% |
Valuation
P/E Ratio (TTM)
Sabesp (SBS) at 11.73 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 SBS, 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
SBS
Utilities industry group
11.73
- Max
- 31.22
- Q3
- 23.30
- Median
- 19.64
- Q1
- 15.17
- SBS
- 11.73
- Min
- 3.34
P/S Ratio (TTM)
Sabesp (SBS) at 0.41 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
SBS
Utilities industry group
0.41
- Max
- 6.35
- Q3
- 3.63
- Median
- 2.63
- Q1
- 1.52
- SBS
- 0.41
- Min
- 0.00
P/B Ratio (MRQ)
Sabesp (SBS) at 1.84 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.
NGG
Utilities industry group
9.36
- NGG
- 9.36
- Max
- 3.12
- Q3
- 2.21
- Median
- 1.83
- Q1
- 1.46
- Min
- 0.34
SBS
Utilities industry group
1.84
- Max
- 3.12
- Q3
- 2.21
- SBS
- 1.84
- Median
- 1.83
- Q1
- 1.46
- Min
- 0.34
Valuation Metrics
| Metric | NGG | SBS |
|---|---|---|
| P/E Ratio (TTM) | 15.54 | 11.73 |
| P/S Ratio (TTM) | 4.46 | 0.41 |
| P/B Ratio (MRQ) | 9.36 | 1.84 |
| Free Cash Flow Yield (TTM) | -5.94% | -62.11% |