NiSource, Inc NI

39.42 0.30 0.77% as of 25 Sep
Market cap
$18.8B
P/E
21.0×
Indexes indicate stock being part of an index,
Growth Flags show if company had growth for consecutive years

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

Against its own ten years

Low 2.8× High 6.0×
Ten-year median 3.9×
Current reading's percentile 82

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)

The full definition of EV/Sales →

More on NI