We’ve recently updated our valuation analysis.

NiSource Valuation

Is NI undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

Key Valuation Metric

Which metric is best to use when looking at relative valuation for NI?

Other financial metrics that can be useful for relative valuation.

NI key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue4.2x
Enterprise Value/EBITDA12.6x
PEG Ratio2.8x

Price to Earnings Ratio vs Peers

How does NI's PE Ratio compare to its peers?

The above table shows the PE ratio for NI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average18.2x
CNP CenterPoint Energy
18.2x5.3%US$18.3b
CMS CMS Energy
21.7x8.5%US$17.9b
BIP Brookfield Infrastructure Partners
171x73.0%US$15.1b
AEE Ameren
20.7x7.9%US$22.3b
NI NiSource
15.1x5.4%US$11.3b


Price to Earnings Ratio vs Industry

How does NI's PE Ratio compare vs other companies in the Global Integrated Utilities Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a11.6%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a11.6%
n/an/an/a
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Price to Earnings Ratio vs Fair Ratio

What is NI's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

NI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15.1x
Fair PE Ratio20.5x

Price-To-Earnings vs Fair Ratio: NI is good value based on its Price-To-Earnings Ratio (15.1x) compared to the estimated Fair Price-To-Earnings Ratio (20.5x).


Share Price vs Fair Value

What is the Fair Price of NI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst NI forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$27.47
US$30.90
+12.5%
2.7%US$32.00US$30.00n/a10
Mar ’24US$26.83
US$31.00
+15.5%
2.5%US$32.00US$30.00n/a10
Feb ’24US$27.86
US$30.60
+9.8%
3.6%US$32.00US$28.00n/a10
Jan ’24US$27.42
US$29.70
+8.3%
6.0%US$32.00US$27.00n/a10
Dec ’23US$27.75
US$29.10
+4.9%
6.0%US$32.00US$27.00n/a10
Nov ’23US$25.83
US$30.64
+18.6%
7.0%US$34.00US$27.00n/a11
Oct ’23US$25.19
US$32.42
+28.7%
4.1%US$34.00US$30.00n/a12
Sep ’23US$29.73
US$32.17
+8.2%
4.0%US$34.00US$30.00n/a12
Aug ’23US$30.34
US$31.75
+4.6%
3.4%US$34.00US$30.00n/a12
Jul ’23US$30.05
US$32.42
+7.9%
4.6%US$35.00US$30.00n/a12
Jun ’23US$31.34
US$32.42
+3.4%
4.6%US$35.00US$30.00n/a12
May ’23US$29.12
US$32.67
+12.2%
7.8%US$36.00US$28.00n/a12
Apr ’23US$32.08
US$31.36
-2.2%
6.1%US$36.00US$28.00n/a11
Mar ’23US$28.65
US$30.36
+6.0%
3.2%US$32.00US$28.00US$26.8311
Feb ’23US$28.83
US$30.18
+4.7%
4.9%US$32.00US$27.00US$27.8611
Jan ’23US$27.61
US$28.55
+3.4%
4.3%US$31.00US$27.00US$27.4211
Dec ’22US$24.40
US$28.45
+16.6%
4.3%US$31.00US$27.00US$27.7511
Nov ’22US$24.83
US$28.14
+13.3%
3.6%US$30.00US$27.00US$25.8311
Oct ’22US$24.30
US$28.14
+15.8%
3.6%US$30.00US$27.00US$25.1911
Sep ’22US$25.21
US$28.14
+11.6%
3.6%US$30.00US$27.00US$29.7311
Aug ’22US$24.77
US$28.05
+13.2%
3.4%US$30.00US$27.00US$30.3411
Jul ’22US$24.80
US$27.96
+12.7%
5.4%US$30.00US$24.00US$30.0512
Jun ’22US$25.43
US$27.96
+9.9%
5.4%US$30.00US$24.00US$31.3412
May ’22US$26.02
US$27.38
+5.2%
5.7%US$29.00US$24.00US$29.1212
Apr ’22US$24.07
US$25.79
+7.2%
5.6%US$28.50US$24.00US$32.0812
Mar ’22US$22.00
US$26.42
+20.1%
8.7%US$32.00US$24.00US$28.6513


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