In the current market session, National Grid Inc. (NYSE:NGG) stock price is at $59.83, after a 0.08% drop. However, over the past month, the company's stock increased by 3.96%, and in the past year, by 8.78%. Shareholders might be interested in knowing whether the stock is overvalued, even if the company is not performing up to par in the current session.
Comparing National Grid P/E Against Its Peers
The P/E ratio measures the current share price to the company's EPS. It is used by long-term investors to analyze the company's current performance against it's ...