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) P/E ratio

As of 25 September 2026, NiSource, Inc (NI) trades at a P/E ratio of 21.0×. Over the past ten years it has ranged from 0.0× (March 2021) to 115× (September 2019); the current reading is higher than 45% of that period. That is above the Utilities Regulated Gas industry median of 15.7× and above the Utilities sector median of 19.0×.

P/E ratio, daily

Annual

Period P/E ratio Change
FY2025 21.3× (6.10%)
FY2024 22.7× 33.58%
FY2023 17.0× 13.91%
FY2022 14.9× (27.08%)
FY2021 20.5× —
FY2020 0.0× —
FY2019 31.6× —
FY2018 0.0× —
FY2017 65.0× 195.97%
FY2016 22.0× 2.48%

Quarterly

Period P/E ratio Change
Jun 2026 25.3× 8.95%
Mar 2026 23.2× 8.95%
Dec 2025 21.3× (6.51%)
Sep 2025 22.8× 6.77%
42 more quarters

Against its own ten years

Low 0.0× High 115×
Ten-year median 21.7×
Current reading's percentile 45

P/E ratio against peers

Company P/E ratio
SR Spire Inc. compare 8.6×
SWX Southwest Gas Corporation compare 10.7×
UGI UGI Corporation compare 11.7×
NJR NewJersey Resources Corporation compare 13.9×
OGS ONE Gas, Inc. compare 15.4×
BKH Black Hills Corporation compare 17.7×
ATO Atmos Energy Corporation compare 18.5×
MDU MDU Resources Group, Inc. compare 19.7×
NI NiSource, Inc 21.0×
Utilities Regulated Gas industry median 15.7×
Utilities sector median 19.0×
Market median 17.9×

What P/E ratio is

Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.

Stock Price ÷ EPS (Basic) (TTM)

The full definition of P/E ratio →

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