NiSource, Inc NI
39.42
0.30
0.77%
as of 25 Sep
- Market cap
- $18.8B
- P/E
- 21.0×
Follow NI
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 | Free account |
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)
More on NI
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- 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