NiSource, Inc NI
- Market cap
- $18.8B
- P/E
- 21.0×
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NiSource, Inc (NI) EV/Sales
As of 25 September 2026, NiSource, Inc (NI) trades at a EV/Sales of 5.3×. Over the past ten years it has ranged from 2.8× (January 2016) to 6.0× (March 2025); the current reading is higher than 82% of that period. That is above the Utilities Regulated Gas industry median of 3.5× and above the Utilities sector median of 4.4×.
EV/Sales, daily
Annual
| Period | EV/Sales | Change |
|---|---|---|
| FY2025 | 5.4× | (3.40%) |
| FY2024 | 5.6× | 33.15% |
| FY2023 | 4.2× | 9.47% |
| FY2022 | 3.8× | (8.78%) |
| FY2021 | 4.2× | 6.63% |
| FY2020 | 3.9× | 2.96% |
| FY2019 | 3.8× | 8.39% |
| FY2018 | 3.5× | (0.67%) |
| FY2017 | 3.6× | 6.30% |
| FY2016 | 3.3× | 18.65% |
Quarterly
| Period | EV/Sales | Change |
|---|---|---|
| Jun 2026 | 5.8× | 1.92% |
| Mar 2026 | 5.7× | 6.04% |
| Dec 2025 | 5.4× | (5.43%) |
| Sep 2025 | 5.7× | 1.67% |
| 42 more quarters | Free account |
Against its own ten years
EV/Sales against peers
| Company | EV/Sales |
|---|---|
| UGI UGI Corporation compare | 2.0× |
| OGS ONE Gas, Inc. compare | 3.1× |
| MDU MDU Resources Group, Inc. compare | 3.5× |
| SR Spire Inc. compare | 3.9× |
| NJR NewJersey Resources Corporation compare | 3.9× |
| BKH Black Hills Corporation compare | 4.2× |
| NI NiSource, Inc | 5.3× |
| SWX Southwest Gas Corporation compare | 5.3× |
| ATO Atmos Energy Corporation compare | 7.4× |
| Utilities Regulated Gas industry median | 3.5× |
| Utilities sector median | 4.4× |
| Market median | 2.2× |
What EV/Sales is
EV/Sales tells an investor how the value of a whole company, counting its debt and cash, compares with the sales it brings in.
((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ Revenue (TTM)
More on NI
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- The full statement