NiSource Stock

NiSource P/S

The (Price-Sales Ratio) is an important metric for stock valuation. It is calculated by dividing the current share price by the revenue per share. The P/S indicates how many years a company needs to generate the revenue per share as profit. A low P/S suggests that a stock may be undervalued, while a high P/S could indicate overvaluation. However, it is important to always consider the P/S in the context of the industry and the company. of NiSource (NI) as of Jul 27, 2026 is 3.36. In the previous year, (Price-Sales Ratio) is an important metric for stock valuation. It is calculated by dividing the current share price by the revenue per share. The P/S indicates how many years a company needs to generate the revenue per share as profit. A low P/S suggests that a stock may be undervalued, while a high P/S could indicate overvaluation. However, it is important to always consider the P/S in the context of the industry and the company. was 4.10 — a change of -17.87% (lower).

P/S

3.36

YoY

-17.87%

Last updated:

As of Jul 27, 2026, NiSource's P/S ratio stood at 3.36, a -17.87% change from the 4.10 P/S ratio recorded in the previous year.

The NiSource P/S history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

P/S
Date
P/S
Jan 1, 2019
2.05 base
Jan 1, 2020
1.88 base
Jan 1, 2021
2.42 base
Jan 1, 2022
2.09 base
Jan 1, 2023
2.17 base
Jan 1, 2024
3.17 base
Jan 1, 2025
2.98 base
Jan 1, 2026 (e)
3.10 base
YEARP/S
2026 est 3.10
2025 2.98
2024 3.17
2023 2.17
2022 2.09
2021 2.42
2020 1.88
2019 2.05
2018 1.85
2017 1.78
2016 1.60
2015 1.35
2014 0.82
2013 0.72
2012 0.60
2011 0.44
2010 0.30
2009 0.25
2008 0.13
2007 0.26
2006 0.35
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NiSource Valuation

Details

Historical Valuation Multiples

Price-to-Earnings Ratio (P/E)

The P/E ratio divides NiSource's share price by its earnings per share. It tells you how many years of current earnings you are "paying for" when you buy the stock. A P/E of 20 means you pay $20 for every $1 of annual earnings. The S&P 500 historically trades at an average P/E of roughly 15–17. A P/E significantly above that may signal high growth expectations; one below may indicate undervaluation — or declining business quality.

Price-to-Sales Ratio (P/S)

The P/S ratio divides market capitalization by total revenue. Unlike the P/E ratio, it works even for companies that are not yet profitable, making it essential for evaluating high-growth firms. A P/S below 1.0 may indicate undervaluation, while ratios above 10 are typically reserved for fast-growing tech or SaaS companies with high expected future margins.

Price-to-EBIT Ratio

This ratio relates NiSource's market price to its operating earnings, excluding the effects of debt structure and tax jurisdiction. It is particularly useful for comparing companies across different countries or with different levels of leverage, because it focuses purely on operational profitability. Lower values suggest cheaper operational earnings.

How to Use This Chart

This chart plots NiSource's valuation multiples over time. Compare the current P/E, P/S, and P/EBIT to their own historical averages — if the current ratio is well below the multi-year average, the stock may be relatively cheap compared to its own track record. Combine this with industry comparisons: a P/E that looks high in absolute terms may be justified if NiSource grows earnings faster than its peers.

NiSource Stock analysis

What does NiSource do? NiSource Inc is an American energy company headquartered in Merrillville, Indiana. The company was founded in 1912 in Valparaiso, Indiana and has been listed on the New York Stock Exchange since 1999. NiSource operates in various sectors and offers a wide range of products and services related to energy. History: The roots of NiSource can be traced back to 1912 when the Northern Indiana Gas Company was founded by a group of businessmen in Valparaiso, Indiana. The company grew rapidly and expanded into other cities and communities in Indiana and the surrounding states in the following years. In 1987, Northern Indiana Gas Company merged with Bay State Gas Company from Massachusetts, forming the company NiSource. In the following years, the company continued to expand and acquired other energy companies in Indiana, Ohio, Pennsylvania, Kentucky, and Virginia. Business model: NiSource is an integrated energy company operating in various sectors. The company operates gas and electricity distribution networks in Indiana, Kentucky, Maryland, Massachusetts, Ohio, Pennsylvania, and Virginia. It is also involved in the exploration, production, and storage of natural gas. NiSource is a vertically integrated company that controls the production, distribution, and sale of energy to businesses and customers in the areas it serves. The company has a variety of business segments, including power and gas distribution, energy resources and production, as well as management and operation of energy infrastructure. Segments: NiSource operates in various segments, including power and gas distribution, energy resources and production, and management and operation of energy infrastructure. The largest segment of the company is gas distribution. NiSource operates gas supply networks in Indiana, Ohio, Pennsylvania, Kentucky, and Virginia. This includes approximately 57,000 miles of pipelines and around 3.5 million customers. Power distribution is another important segment of NiSource. The company operates power supply networks in Indiana and Ohio, covering approximately 17,000 miles of lines and serving over 700,000 customers. The energy resources and production segment is responsible for the exploration, production, and storage of natural gas. NiSource is a major gas producer, operating production facilities in Indiana, Kentucky, and Pennsylvania, as well as storage facilities in Pennsylvania and New York. Products and services: NiSource offers a variety of products and services revolving around energy. The main products and services include gas and electricity supply, energy efficiency programs, renewable energy, and energy consulting. NiSource also offers special rates and programs for customers to help them reduce their energy consumption and save money. This includes rates for smart thermostats that automatically adjust heating and cooling to meet the customer's needs, as well as discounts and credits for customers who improve their energy efficiency. Conclusion: NiSource is a significant energy provider in the United States, offering a wide range of products and services related to energy. The company operates in various sectors, including gas and power distribution, energy resources and production, as well as management and operation of energy infrastructure. NiSource is a vertically integrated company that controls the production, distribution, and sale of energy to businesses and customers in the areas it serves. NiSource is one of the most popular companies on Eulerpool.

P/S Details

Decoding NiSource's P/S Ratio

NiSource's Price to Sales (P/S) Ratio is a crucial financial metric that measures the company's market valuation relative to its total sales revenue. It's calculated by dividing the company's market capitalization by its total sales over a specific period. A lower P/S ratio can indicate that the company is undervalued, while a higher ratio may suggest overvaluation.

Year-to-Year Comparison

Comparing NiSource's P/S ratio yearly provides insights into how the market perceives the company’s value relative to its sales. An increasing ratio over time can indicate growing investor confidence, while a decreasing trend might reflect concerns about the company’s revenue generation capabilities or market conditions.

Impact on Investments

The P/S ratio is instrumental for investors evaluating NiSource's stock. It offers insights into the company’s efficiency in generating sales and its market valuation. Investors use this ratio to compare similar companies within the same industry, aiding in selecting stocks that offer the best value for investment.

Interpreting P/S Ratio Fluctuations

Variations in NiSource’s P/S ratio can result from changes in the stock price, sales revenue, or both. Understanding these fluctuations is crucial for investors to evaluate the company’s current valuation and future growth potential, aligning their investment strategies accordingly.

Frequently Asked Questions about NiSource stock

(Price-Sales Ratio) is an important metric for stock valuation. It is calculated by dividing the current share price by the revenue per share. The P/S indicates how many years a company needs to generate the revenue per share as profit. A low P/S suggests that a stock may be undervalued, while a high P/S could indicate overvaluation. However, it is important to always consider the P/S in the context of the industry and the company. of NiSource is 3.36 in 2026.

The P/S ratio when valuing a stock.

The price-to-sales ratio (P/S ratio) is an important tool of technical analysis that assists investors in evaluating stocks. It refers to the earnings per share of a company and its price movements. This indicator can be used to determine a stock's fair value, relative to the company's earnings.

History of the Price-to-Sales Ratio

The price-to-sales ratio is a relatively new indicator. It was first used in the 1980s by John Price when he developed the Price-to-Sales Index (PSI). Price wanted to find a way to value stocks taking into account their earnings. He noticed that many stock prices were not in line with their earnings situation. The PSI has since become an important analytical tool and is often referred to as the P/S ratio.

Calculation of the price-to-sales ratio

The price-to-sales ratio is easy to calculate. It is determined by dividing the current stock price by the company's earnings per share. P/S ratio = Stock price / Earnings per share. For example, if a company's stock price is $10 and the earnings per share is $2, then the P/S ratio is 5.

Application of the Price-to-Sales Ratio

The Price-to-Sales ratio is a useful tool for determining a fairly valued stock price. A low P/S ratio may indicate that a stock price is undervalued, which could be a good entry opportunity. However, a high Price-to-Sales ratio may indicate that a stock price is overvalued and investors should exercise caution.

An example: A company has a stock price of 20 USD and an earnings per share of 2 USD. The P/E ratio is 10. This could indicate that the stock price is overvalued and investors should be cautious before buying.

Investors and the price-to-sales ratio

Investors use the price-to-sales ratio to determine whether a company's stock price is fairly valued or not. They can compare the P/S ratio to see how the stock price relates to the company's earnings. Investors can also observe the P/S ratio over a longer period of time to see if the stock price changes in relation to the company's earnings.

Advantages and Disadvantages of the Price-to-Sales Ratio

The greatest advantage of the price-to-sales ratio is that it is a simple and understandable tool to determine the fair value of a stock price. It can also help investors identify stocks that are undervalued. One disadvantage is that the P/S ratio does not provide information about the company's profits. Therefore, investors should also consider other financial ratios before investing.

In today's time, the price-to-sales ratio is an important tool for investors to evaluate stocks and identify potential investment opportunities. It can help find a fairly valued stock price and identify stocks that are undervalued. However, investors should also consider other financial indicators before making an investment decision.

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Valuation — NiSource

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