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NiSource Inc. (NI)

NYSE Large Cap

Utilities › Electric & Other Services Combined

$46.69
Market Cap: $22.3B
Data as of Dec 31, 2025 (TTM)

Price History

Feb 9, 2026 — Apr 4, 2026

Investment Snapshot

  • Trading 76% above Graham Number — above intrinsic value estimate
  • Piotroski F-Score 6/9 — moderate financial health
  • ROE of 8.0% — below-average profitability
  • Revenue growing at 23% annually

NiSource Inc. (NI) is a Utilities company operating in Electric & Other Services Combined, listed on the NYSE , with a market capitalisation of $22.3 billion . Key value metrics: P/E ratio 29.5, P/B ratio 2.36, Piotroski F-Score 6 out of 9 (moderate financial health) .

Value Score

Key Metrics

P/E Ratio
29.50
2.36
EPS
$1.58
Div. Yield
3.0%
PEG Ratio
P/S Ratio
EV/EBITDA
ROE
ROA
Gross Margin
Op. Margin
Net Margin
Debt/Equity
Current Ratio

Current vs 5-Year Average

Based on 5 years of SEC filings
Net Margin
↑ +2.1pp avg —
Gross Margin
↑ +2.1pp avg —
Operating Margin
↑ +2.1pp avg —
Return on Equity
↑ +2.1pp avg —
Debt / Equity
↑ +2.1pp avg —

Revenue & Net Income

EPS & Free Cash Flow Per Share

Financial Statements

Metric FY22 FY23 FY24
Revenue $X.XB $X.XB $X.XB
Gross Profit $X.XB $X.XB $X.XB
Operating Income $X.XB $X.XB $X.XB
Net Income $X.XB $X.XB $X.XB
EBITDA $X.XB $X.XB $X.XB
Total Assets $X.XB $X.XB $X.XB
Total Liabilities $X.XB $X.XB $X.XB
Data sourced from SEC EDGAR and Polygon.io. Methodology. View more Utilities stocks →

NiSource Inc. — Fundamental Analysis Summary

NiSource Inc. (NI) is currently trading 76% above its Graham Number of $26.52, suggesting the market price exceeds Benjamin Graham's intrinsic value estimate. The stock carries an elevated trailing P/E ratio of 29.5x.

On financial health, NI shows a moderate Piotroski F-Score of 6/9, and modest return on equity of 8.0% (sector average: 6.7%), and minimal leverage with a debt-to-equity ratio of 0.08.

StockPik's composite Value Score for NI is 70/100 — placing it in undervalued territory. The score is built from ten fundamental signals: P/E, P/B, PEG ratio, P/S ratio, return on equity, gross margin, debt-to-equity, current ratio, dividend yield, and Piotroski F-Score.

NI shows revenue growing at 23% year-over-year, with earnings growing at 22%.

NI pays a modest dividend yield of 3.0%.

Top Value Stocks in Utilities

Symbol Price P/E Score
AWX $2.55 3.3 100
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SOJD $19.65 4.0 100
How is the Value Score calculated?
Read our full methodology →
How is the Graham Number calculated?
Benjamin Graham's intrinsic value formula, worked examples, and how to use it →
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