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/S ratio

As of 25 September 2026, NiSource, Inc (NI) trades at a P/S ratio of 2.7×. Over the past ten years it has ranged from 1.0× (March 2015) to 3.4× (June 2026); the current reading is higher than 82% of that period. That is above the Utilities Regulated Gas industry median of 2.0× and above the Utilities sector median of 2.6×.

P/S ratio, daily

Annual

Period P/S ratio Change
FY2025 3.0× (2.86%)
FY2024 3.1× 49.93%
FY2023 2.0× 6.92%
FY2022 1.9× (13.92%)
FY2021 2.2× 17.79%
FY2020 1.9× (5.95%)
FY2019 2.0× 13.31%
FY2018 1.8× 3.11%
FY2017 1.7× 7.81%
FY2016 1.6× 19.29%

Quarterly

Period P/S ratio Change
Jun 2026 3.3× 1.18%
Mar 2026 3.3× 10.19%
Dec 2025 3.0× (7.98%)
Sep 2025 3.2× 4.24%
42 more quarters

Against its own ten years

Low 1.0× High 3.4×
Ten-year median 1.9×
Current reading's percentile 82

P/S ratio against peers

Company P/S ratio
UGI UGI Corporation compare 1.1×
SR Spire Inc. compare 1.7×
OGS ONE Gas, Inc. compare 2.0×
MDU MDU Resources Group, Inc. compare 2.1×
NJR NewJersey Resources Corporation compare 2.3×
BKH Black Hills Corporation compare 2.3×
NI NiSource, Inc 2.7×
SWX Southwest Gas Corporation compare 3.4×
ATO Atmos Energy Corporation compare 5.4×
Utilities Regulated Gas industry median 2.0×
Utilities sector median 2.6×
Market median 2.0×

What P/S ratio is

Price to Sales Ratio shows how much investors pay for each dollar of a company’s annual sales, whether or not it is profitable.

(Stock Price × Shares (Basic, Weighted) (latest quarter)) ÷ Revenue (TTM)

The full definition of P/S ratio →

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