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NiSource Inc. (NI)
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NiSource Inc. (NI) PE Ratio: 23.62

Is NiSource Inc.’s P/E ratio high or low?

NiSource Inc.'s P/E ratio of 23.62 is in line with its 5-year average of 23.27, near the low end of its 5-year range (15.32–71.83).

As of Tuesday, June 16, 2026. 3.27% above its 12-month average of 22.87.

PE Ratio (23.62) = Close Price ($47.47) / Diluted TTM EPS ($2.01)

NI PE Ratio Chart

NI PE Ratio
23.62+11.31% 1Y
Zoom

NI Average PE Ratio Chart

NI Current vs Average PE Ratio Chart

NI PE Ratio Metrics

PE RATIO

23.62

PE RATIO AVG TTM

22.87

PE RATIO AVG 3Y

20.95

PE RATIO AVG 5Y

20.55

PE RATIO AVG 10Y

24.47

PE RATIO AVG 15Y

19.25

PE RATIO AVG 20Y

16.30

CURRENT VS TTM AVG

+3.27%

CURRENT VS 3Y AVG

+12.76%

CURRENT VS 5Y AVG

+14.92%

CURRENT VS 10Y AVG

-3.47%

CURRENT VS 15Y AVG

+22.67%

CURRENT VS 20Y AVG

+44.95%

NI Competitors' PE Ratio

NAMEMARKET CAPPE RATIOTTM3Y5Y
NiSource Inc. (NI)$22.76B23.6222.8720.9520.55
CMS Energy Corporation (CMS)vs ›$22.75B20.1821.0521.0519.70
American Water Works Company, Inc. (AWK)vs ›$24.78B22.4523.9025.9327.50
Alliant Energy Corporation (LNT)vs ›$19.23B23.0621.5120.9621.31
FirstEnergy Corp. (FE)vs ›$27.38B25.8022.4728.1126.65
Talen Energy Corporation (TLN)vs ›$17.65BN/A62.4734.4934.49
CenterPoint Energy, Inc. (CNP)vs ›$28.18B26.4225.8623.0820.29
Atmos Energy Corporation (ATO)vs ›$28.49B20.8622.8420.7120.35
WEC Energy Group, Inc. (WEC)vs ›$37.13B22.7521.6820.9221.54
Clearway Energy, Inc. (CWEN-A)vs ›$8.31B1010.7580.4248.1456.21

P/E vs. its own history

At 23.6, P/E is richer than usual, sitting higher than 74% of its 20-year history.

20-year low

5.2

median

17.2

20-year high

102.9

cheaperricher

P/E Comparison

Trailing P/E

23.6

Forward P/E

21.2

Forward P/E Calculation

View All Analyst Estimates

Forward P/E is calculated using analyst consensus EPS estimates for the current or next fiscal year.

Calculation:

Current Price

$47.47

÷

Forward EPS (Est.)

$2.24

=

Forward P/E

21.20

Source: FMP Analyst Consensus Estimates. Forward EPS represents the average analyst estimate for the nearest fiscal year.

NiSource Inc. PE Ratio Formula & Definition

PE Ratio = Share Price / Diluted EPS (TTM)

The price-to-earnings ratio measures how much investors pay for each dollar of trailing earnings. A lower PE can indicate a cheaper valuation; a higher PE implies higher growth expectations.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

NiSource Inc. PE Ratio FAQ

What is the P/E ratio for NiSource Inc. (NI)?
The P/E ratio for NI stock is 23.62.
Is NiSource Inc.'s P/E ratio high or low?
NiSource Inc.'s P/E ratio of 23.62 is in line with its 5-year average of 23.27, near the low end of its 5-year range (15.32–71.83).
What is the TTM average P/E ratio for NiSource Inc. (NI)?
The TTM average P/E ratio for NI stock is 22.87.
What is the 3Y average P/E ratio for NiSource Inc. (NI)?
The 3Y average P/E ratio for NI stock is 20.95.
What is the 5Y average P/E ratio for NiSource Inc. (NI)?
The 5Y average P/E ratio for NI stock is 20.55.
What is the 10Y average P/E ratio for NiSource Inc. (NI)?
The 10Y average P/E ratio for NI stock is 24.47.
What is the 15Y average P/E ratio for NiSource Inc. (NI)?
The 15Y average P/E ratio for NI stock is 19.25.
What is the 20Y average P/E ratio for NiSource Inc. (NI)?
The 20Y average P/E ratio for NI stock is 16.30.

NiSource Inc. PE Ratio History

DATEPE RATIO
2026-06-1523.62
2026-06-1223.49
2026-06-1123.19
2026-06-1023.20
2026-06-0923.05
2026-06-0822.81
2026-06-0523.19
2026-06-0422.81
2026-06-0322.65
2026-06-0222.82
2026-06-0122.44
2026-05-2923.00
2026-05-2823.27
2026-05-2723.62
2026-05-2623.78
2026-05-2223.81
2026-05-2123.74
2026-05-2023.39
2026-05-1923.59
2026-05-1823.16
2026-05-1523.03
2026-05-1423.59
2026-05-1323.41
2026-05-1223.48
2026-05-1123.40
2026-05-0823.24
2026-05-0723.39
2026-05-0623.64
2026-05-0524.71
2026-05-0424.66
2026-05-0124.66
2026-04-3024.76
2026-04-2924.71
2026-04-2824.87
2026-04-2724.73
2026-04-2424.61
2026-04-2324.76
2026-04-2224.03
2026-04-2124.07
2026-04-2024.50
2026-04-1724.77
2026-04-1624.47
2026-04-1524.29
2026-04-1424.22
2026-04-1324.20
2026-04-1024.64
2026-04-0924.86
2026-04-0824.67
2026-04-0724.44
2026-04-0624.17
2026-04-0224.35
2026-04-0124.05
2026-03-3123.93
2026-03-3023.85
2026-03-2723.57
2026-03-2623.30
2026-03-2523.43
2026-03-2423.43
2026-03-2323.32
2026-03-2023.09
2026-03-1923.94
2026-03-1823.91
2026-03-1724.24
2026-03-1624.34
2026-03-1324.30
2026-03-1223.94
2026-03-1123.72
2026-03-1023.88
2026-03-0924.12
2026-03-0623.83
2026-03-0524.12
2026-03-0424.39
2026-03-0323.97
2026-03-0224.13
2026-02-2724.26
2026-02-2623.95
2026-02-2523.86
2026-02-2423.81
2026-02-2323.69
2026-02-2023.78
2026-02-1923.50
2026-02-1823.23
2026-02-1723.95
2026-02-1323.77
2026-02-1223.17
2026-02-1122.90
2026-02-1023.60
2026-02-0923.46
2026-02-0623.27
2026-02-0523.18
2026-02-0423.23
2026-02-0323.20
2026-02-0223.23
2026-01-3023.37
2026-01-2923.56
2026-01-2823.39
2026-01-2723.42
2026-01-2623.17
2026-01-2322.91
2026-01-2222.97
2026-01-2123.11
2026-01-2022.90
2026-01-1623.18
2026-01-1522.97
2026-01-1422.85
2026-01-1322.40
2026-01-1222.37
2026-01-0922.18
2026-01-0821.93
2026-01-0721.92
2026-01-0622.10
2026-01-0521.94
2026-01-0222.25
2025-12-3122.04
2025-12-3022.19
2025-12-2922.13
2025-12-2622.02
2025-12-2422.10
2025-12-2321.95
2025-12-2221.87
2025-12-1921.62
2025-12-1821.91
2025-12-1721.77
2025-12-1621.86
2025-12-1522.07
2025-12-1221.85
2025-12-1122.00
2025-12-1021.81
2025-12-0921.87
2025-12-0821.80
2025-12-0522.16
2025-12-0422.11
2025-12-0322.10
2025-12-0222.30
2025-12-0122.69
2025-11-2823.29
2025-11-2623.09
2025-11-2522.77
2025-11-2422.91
2025-11-2122.58
2025-11-2022.37
2025-11-1922.53
2025-11-1822.72
2025-11-1722.79
2025-11-1422.63
2025-11-1322.67
2025-11-1223.03
2025-11-1123.19
2025-11-1023.07
2025-11-0722.98
2025-11-0622.58
2025-11-0522.62
2025-11-0422.62
2025-11-0322.47
2025-10-3122.22
2025-10-3022.23
2025-10-2922.41
2025-10-2823.02
2025-10-2723.20
2025-10-2423.15
2025-10-2323.27
2025-10-2223.41
2025-10-2123.19
2025-10-2023.26
2025-10-1722.94
2025-10-1622.93
2025-10-1523.10
2025-10-1422.77
2025-10-1322.67
2025-10-1022.74
2025-10-0922.78
2025-10-0823.29
2025-10-0723.12
2025-10-0623.43
2025-10-0323.25
2025-10-0222.86
2025-10-0122.85
2025-09-3022.97
2025-09-2922.92
2025-09-2622.58
2025-09-2522.19
2025-09-2422.48
2025-09-2322.05
2025-09-2221.91
2025-09-1921.39
2025-09-1821.31
2025-09-1721.01
2025-09-1620.89
2025-09-1521.51
2025-09-1221.76
2025-09-1121.82
2025-09-1021.61
2025-09-0921.48
2025-09-0821.34
2025-09-0521.40
2025-09-0421.13
2025-09-0322.18
2025-09-0222.34
2025-08-2922.42
2025-08-2822.36
2025-08-2722.51
2025-08-2622.48
2025-08-2522.64
2025-08-2222.78
2025-08-2122.44
2025-08-2022.57
2025-08-1922.43
2025-08-1822.13
2025-08-1522.25
2025-08-1422.57
2025-08-1322.64
2025-08-1222.47
2025-08-1122.36
2025-08-0822.43
2025-08-0722.48
2025-08-0622.20
2025-08-0523.13
2025-08-0423.36
2025-08-0122.96
2025-07-3122.88
2025-07-3022.89
2025-07-2922.74
2025-07-2822.25
2025-07-2522.74
2025-07-2422.59
2025-07-2322.47
2025-07-2222.69
2025-07-2122.49
2025-07-1822.05
2025-07-1721.68
2025-07-1621.64
2025-07-1521.49
2025-07-1421.54
2025-07-1121.33
2025-07-1021.35
2025-07-0921.21
2025-07-0821.02
2025-07-0721.36
2025-07-0321.33
2025-07-0221.25
2025-07-0121.60
2025-06-3021.75
2025-06-2721.55
2025-06-2621.35
2025-06-2521.42
2025-06-2421.84
2025-06-2321.84
2025-06-2021.30
2025-06-1821.18
2025-06-1721.18
2025-06-1621.22
2025-06-1321.30
2025-06-1221.51
2025-06-1121.27
2025-06-1021.34
2025-06-0921.21
2025-06-0621.18
2025-06-0521.02
2025-06-0421.07
2025-06-0321.26

Showing the most recent 260 of 4,264 data points. The chart above shows the full history.

About NiSource Inc.

NiSource Inc. operates as an energy holding company, primarily functioning as a regulated natural gas and electric utility within the United States. Its business activities are organized into two main divisions: Gas Distribution Operations and Electric Operations. The company's Gas Distribution segment delivers natural gas to approximately 853,000 customers across northern Indiana, and an additional 2.4 million residential, commercial, and industrial clients throughout Ohio, Pennsylvania, Virginia, Kentucky, and Maryland. This extensive network includes about 54,600 miles of distribution main pipelines and customer service lines, along with 1,000 miles of transmission main pipelines. Through its Electric Operations, NiSource provides electricity to roughly 483,000 customers residing in 20 counties in northern Indiana, while also engaging in wholesale electricity and transmission transactions. The company maintains a diverse portfolio of power generation assets. These include coal-fired plants with capacities of 722 megawatts (MW) in Wheatfield and 455 MW in Michigan City; a 563 MW combined cycle gas turbine facility in West Terre Haute; natural gas generating units providing 155 MW in Wheatfield; hydroelectric plants contributing 9 MW in Carroll County and 7 MW in White County; and wind energy facilities in White County, Indiana, producing 102 MW and 302 MW, respectively. Originally founded in 1847, the company was known as NIPSCO Industries, Inc. before officially changing its name to NiSource Inc. in April 1999. Its corporate headquarters are located in Merrillville, Indiana.

Merrillville, IN
7,687 employees
Utilities / Regulated Gas
Sector
Utilities
Industry
Regulated Gas
CEO
Lloyd Yates