NiSource Inc. (NI) EV/EBITDA Ratio: 12.66x
Is NiSource Inc.’s EV/EBITDA ratio high or low?
NiSource Inc.'s EV/EBITDA ratio of 12.66x is in line with its 5-year average of 12.00x, around the middle of its 5-year range (10.37x–14.73x).
As of Tuesday, June 16, 2026. 1.20% above its 12-month average of 12.51x.
NI EV/EBITDA Ratio Chart
NI Average EV/EBITDA Ratio Chart
NI Current vs Average EV/EBITDA Ratio Chart
NI EV/EBITDA Ratio Metrics
EV/EBITDA RATIO
12.66x
EV/EBITDA RATIO AVG TTM
12.51x
EV/EBITDA RATIO AVG 3Y
11.91x
EV/EBITDA RATIO AVG 5Y
11.96x
EV/EBITDA RATIO AVG 10Y
12.03x
EV/EBITDA RATIO AVG 15Y
10.94x
EV/EBITDA RATIO AVG 20Y
9.72x
CURRENT VS TTM AVG
+1.20%
CURRENT VS 3Y AVG
+6.29%
CURRENT VS 5Y AVG
+5.87%
CURRENT VS 10Y AVG
+5.26%
CURRENT VS 15Y AVG
+15.77%
CURRENT VS 20Y AVG
+30.23%
NI Competitors' EV/EBITDA Ratio
| NAME | MARKET CAP | EV/EBITDA RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| NiSource Inc. (NI) | $22.76B | 12.66x | 12.51x | 11.91x | 11.96x |
| CMS Energy Corporation (CMS)vs › | $22.75B | 12.67x | 12.25x | 12.08x | 12.26x |
| American Water Works Company, Inc. (AWK)vs › | $24.78B | 14.38x | 14.72x | 15.69x | 17.51x |
| Alliant Energy Corporation (LNT)vs › | $19.00B | 15.00x | 14.49x | 13.72x | 13.85x |
| FirstEnergy Corp. (FE)vs › | $27.38B | 12.36x | 11.71x | 11.96x | 11.71x |
| Talen Energy Corporation (TLN)vs › | $17.65B | 29.82x | 29.38x | 14.21x | 14.21x |
| CenterPoint Energy, Inc. (CNP)vs › | $28.18B | 13.69x | 13.61x | 12.38x | 11.99x |
| Atmos Energy Corporation (ATO)vs › | $28.31B | 14.71x | 15.35x | 14.34x | 14.81x |
| WEC Energy Group, Inc. (WEC)vs › | $37.13B | 14.40x | 13.89x | 13.35x | 13.81x |
| Clearway Energy, Inc. (CWEN-A)vs › | $8.31B | 12.78x | 11.77x | 10.18x | 10.08x |
EV/EBITDA vs. its own history
At 12.7, EV/EBITDA is richer than usual, sitting higher than 83% of its 20-year history.
20-year low
5.2
median
10.7
20-year high
28.4
NiSource Inc. EV/EBITDA Ratio Formula & Definition
EV/EBITDA = Enterprise Value / EBITDA (TTM)
Enterprise value to EBITDA is a capital-structure-neutral valuation multiple, useful for comparing companies with different debt levels and tax rates.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
NiSource Inc. EV/EBITDA Ratio FAQ
- What is the EV/EBITDA ratio for NiSource Inc. (NI)?
- The EV/EBITDA ratio for NI stock is 12.66x.
- Is NiSource Inc.'s EV/EBITDA ratio high or low?
- NiSource Inc.'s EV/EBITDA ratio of 12.66x is in line with its 5-year average of 12.00x, around the middle of its 5-year range (10.37x–14.73x).
- What is the TTM average EV/EBITDA ratio for NiSource Inc. (NI)?
- The TTM average EV/EBITDA ratio for NI stock is 12.51x.
- What is the 3Y average EV/EBITDA ratio for NiSource Inc. (NI)?
- The 3Y average EV/EBITDA ratio for NI stock is 11.91x.
- What is the 5Y average EV/EBITDA ratio for NiSource Inc. (NI)?
- The 5Y average EV/EBITDA ratio for NI stock is 11.96x.
- What is the 10Y average EV/EBITDA ratio for NiSource Inc. (NI)?
- The 10Y average EV/EBITDA ratio for NI stock is 12.03x.
- What is the 15Y average EV/EBITDA ratio for NiSource Inc. (NI)?
- The 15Y average EV/EBITDA ratio for NI stock is 10.94x.
- What is the 20Y average EV/EBITDA ratio for NiSource Inc. (NI)?
- The 20Y average EV/EBITDA ratio for NI stock is 9.72x.
NiSource Inc. EV/EBITDA Ratio History
| DATE | EV/EBITDA RATIO |
|---|---|
| 2026-06-15 | 12.66x |
| 2026-06-12 | 12.62x |
| 2026-06-11 | 12.53x |
| 2026-06-10 | 12.53x |
| 2026-06-09 | 12.49x |
| 2026-06-08 | 12.41x |
| 2026-06-05 | 12.53x |
| 2026-06-04 | 12.41x |
| 2026-06-03 | 12.36x |
| 2026-06-02 | 12.42x |
| 2026-06-01 | 12.30x |
| 2026-05-29 | 12.47x |
| 2026-05-28 | 12.56x |
| 2026-05-27 | 12.66x |
| 2026-05-26 | 12.71x |
| 2026-05-22 | 12.72x |
| 2026-05-21 | 12.70x |
| 2026-05-20 | 12.59x |
| 2026-05-19 | 12.66x |
| 2026-05-18 | 12.52x |
| 2026-05-15 | 12.48x |
| 2026-05-14 | 12.66x |
| 2026-05-13 | 12.60x |
| 2026-05-12 | 12.62x |
| 2026-05-11 | 12.60x |
| 2026-05-08 | 12.55x |
| 2026-05-07 | 12.59x |
| 2026-05-06 | 12.67x |
| 2026-05-05 | 12.89x |
| 2026-05-04 | 12.87x |
| 2026-05-01 | 12.87x |
| 2026-04-30 | 12.91x |
| 2026-04-29 | 12.89x |
| 2026-04-28 | 12.94x |
| 2026-04-27 | 12.90x |
| 2026-04-24 | 12.86x |
| 2026-04-23 | 12.91x |
| 2026-04-22 | 12.68x |
| 2026-04-21 | 12.69x |
| 2026-04-20 | 12.83x |
| 2026-04-17 | 12.91x |
| 2026-04-16 | 12.82x |
| 2026-04-15 | 12.76x |
| 2026-04-14 | 12.74x |
| 2026-04-13 | 12.73x |
| 2026-04-10 | 12.87x |
| 2026-04-09 | 12.94x |
| 2026-04-08 | 12.88x |
| 2026-04-07 | 12.81x |
| 2026-04-06 | 12.73x |
| 2026-04-02 | 12.78x |
| 2026-04-01 | 12.69x |
| 2026-03-31 | 12.65x |
| 2026-03-30 | 12.63x |
| 2026-03-27 | 12.54x |
| 2026-03-26 | 12.46x |
| 2026-03-25 | 12.50x |
| 2026-03-24 | 12.50x |
| 2026-03-23 | 12.46x |
| 2026-03-20 | 12.39x |
| 2026-03-19 | 12.66x |
| 2026-03-18 | 12.65x |
| 2026-03-17 | 12.75x |
| 2026-03-16 | 12.78x |
| 2026-03-13 | 12.77x |
| 2026-03-12 | 12.66x |
| 2026-03-11 | 12.59x |
| 2026-03-10 | 12.64x |
| 2026-03-09 | 12.71x |
| 2026-03-06 | 12.62x |
| 2026-03-05 | 12.71x |
| 2026-03-04 | 12.79x |
| 2026-03-03 | 12.66x |
| 2026-03-02 | 12.71x |
| 2026-02-27 | 12.75x |
| 2026-02-26 | 12.66x |
| 2026-02-25 | 12.63x |
| 2026-02-24 | 12.61x |
| 2026-02-23 | 12.58x |
| 2026-02-20 | 12.61x |
| 2026-02-19 | 12.52x |
| 2026-02-18 | 12.44x |
| 2026-02-17 | 12.66x |
| 2026-02-13 | 12.60x |
| 2026-02-12 | 12.42x |
| 2026-02-11 | 12.34x |
| 2026-02-10 | 12.69x |
| 2026-02-09 | 12.65x |
| 2026-02-06 | 12.59x |
| 2026-02-05 | 12.56x |
| 2026-02-04 | 12.58x |
| 2026-02-03 | 12.57x |
| 2026-02-02 | 12.58x |
| 2026-01-30 | 12.62x |
| 2026-01-29 | 12.68x |
| 2026-01-28 | 12.63x |
| 2026-01-27 | 12.64x |
| 2026-01-26 | 12.56x |
| 2026-01-23 | 12.48x |
| 2026-01-22 | 12.49x |
| 2026-01-21 | 12.54x |
| 2026-01-20 | 12.47x |
| 2026-01-16 | 12.56x |
| 2026-01-15 | 12.50x |
| 2026-01-14 | 12.46x |
| 2026-01-13 | 12.32x |
| 2026-01-12 | 12.31x |
| 2026-01-09 | 12.25x |
| 2026-01-08 | 12.17x |
| 2026-01-07 | 12.17x |
| 2026-01-06 | 12.23x |
| 2026-01-05 | 12.18x |
| 2026-01-02 | 12.27x |
| 2025-12-31 | 12.21x |
| 2025-12-30 | 12.25x |
| 2025-12-29 | 12.23x |
| 2025-12-26 | 12.20x |
| 2025-12-24 | 12.23x |
| 2025-12-23 | 12.18x |
| 2025-12-22 | 12.16x |
| 2025-12-19 | 12.08x |
| 2025-12-18 | 12.17x |
| 2025-12-17 | 12.12x |
| 2025-12-16 | 12.15x |
| 2025-12-15 | 12.22x |
| 2025-12-12 | 12.15x |
| 2025-12-11 | 12.20x |
| 2025-12-10 | 12.14x |
| 2025-12-09 | 12.15x |
| 2025-12-08 | 12.14x |
| 2025-12-05 | 12.25x |
| 2025-12-04 | 12.23x |
| 2025-12-03 | 12.23x |
| 2025-12-02 | 12.29x |
| 2025-12-01 | 12.41x |
| 2025-11-28 | 12.59x |
| 2025-11-26 | 12.53x |
| 2025-11-25 | 12.43x |
| 2025-11-24 | 12.48x |
| 2025-11-21 | 12.37x |
| 2025-11-20 | 12.31x |
| 2025-11-19 | 12.36x |
| 2025-11-18 | 12.42x |
| 2025-11-17 | 12.44x |
| 2025-11-14 | 12.39x |
| 2025-11-13 | 12.40x |
| 2025-11-12 | 12.51x |
| 2025-11-11 | 12.56x |
| 2025-11-10 | 12.53x |
| 2025-11-07 | 12.50x |
| 2025-11-06 | 12.37x |
| 2025-11-05 | 12.39x |
| 2025-11-04 | 12.39x |
| 2025-11-03 | 12.34x |
| 2025-10-31 | 12.26x |
| 2025-10-30 | 12.27x |
| 2025-10-29 | 12.32x |
| 2025-10-28 | 12.80x |
| 2025-10-27 | 12.86x |
| 2025-10-24 | 12.84x |
| 2025-10-23 | 12.88x |
| 2025-10-22 | 12.93x |
| 2025-10-21 | 12.86x |
| 2025-10-20 | 12.88x |
| 2025-10-17 | 12.78x |
| 2025-10-16 | 12.77x |
| 2025-10-15 | 12.83x |
| 2025-10-14 | 12.72x |
| 2025-10-13 | 12.69x |
| 2025-10-10 | 12.71x |
| 2025-10-09 | 12.73x |
| 2025-10-08 | 12.89x |
| 2025-10-07 | 12.83x |
| 2025-10-06 | 12.93x |
| 2025-10-03 | 12.88x |
| 2025-10-02 | 12.75x |
| 2025-10-01 | 12.75x |
| 2025-09-30 | 12.79x |
| 2025-09-29 | 12.77x |
| 2025-09-26 | 12.66x |
| 2025-09-25 | 12.54x |
| 2025-09-24 | 12.63x |
| 2025-09-23 | 12.49x |
| 2025-09-22 | 12.45x |
| 2025-09-19 | 12.28x |
| 2025-09-18 | 12.26x |
| 2025-09-17 | 12.17x |
| 2025-09-16 | 12.12x |
| 2025-09-15 | 12.32x |
| 2025-09-12 | 12.40x |
| 2025-09-11 | 12.42x |
| 2025-09-10 | 12.35x |
| 2025-09-09 | 12.31x |
| 2025-09-08 | 12.27x |
| 2025-09-05 | 12.29x |
| 2025-09-04 | 12.20x |
| 2025-09-03 | 12.53x |
| 2025-09-02 | 12.59x |
| 2025-08-29 | 12.61x |
| 2025-08-28 | 12.59x |
| 2025-08-27 | 12.64x |
| 2025-08-26 | 12.63x |
| 2025-08-25 | 12.68x |
| 2025-08-22 | 12.73x |
| 2025-08-21 | 12.62x |
| 2025-08-20 | 12.66x |
| 2025-08-19 | 12.61x |
| 2025-08-18 | 12.52x |
| 2025-08-15 | 12.56x |
| 2025-08-14 | 12.66x |
| 2025-08-13 | 12.68x |
| 2025-08-12 | 12.63x |
| 2025-08-11 | 12.59x |
| 2025-08-08 | 12.61x |
| 2025-08-07 | 12.63x |
| 2025-08-06 | 12.54x |
| 2025-08-05 | 12.65x |
| 2025-08-04 | 12.73x |
| 2025-08-01 | 12.60x |
| 2025-07-31 | 12.57x |
| 2025-07-30 | 12.58x |
| 2025-07-29 | 12.53x |
| 2025-07-28 | 12.37x |
| 2025-07-25 | 12.53x |
| 2025-07-24 | 12.48x |
| 2025-07-23 | 12.44x |
| 2025-07-22 | 12.51x |
| 2025-07-21 | 12.45x |
| 2025-07-18 | 12.31x |
| 2025-07-17 | 12.19x |
| 2025-07-16 | 12.18x |
| 2025-07-15 | 12.13x |
| 2025-07-14 | 12.15x |
| 2025-07-11 | 12.08x |
| 2025-07-10 | 12.09x |
| 2025-07-09 | 12.04x |
| 2025-07-08 | 11.98x |
| 2025-07-07 | 12.09x |
| 2025-07-03 | 12.08x |
| 2025-07-02 | 12.05x |
| 2025-07-01 | 12.17x |
| 2025-06-30 | 12.21x |
| 2025-06-27 | 12.15x |
| 2025-06-26 | 12.09x |
| 2025-06-25 | 12.11x |
| 2025-06-24 | 12.24x |
| 2025-06-23 | 12.24x |
| 2025-06-20 | 12.07x |
| 2025-06-18 | 12.03x |
| 2025-06-17 | 12.03x |
| 2025-06-16 | 12.05x |
| 2025-06-13 | 12.07x |
| 2025-06-12 | 12.14x |
| 2025-06-11 | 12.06x |
| 2025-06-10 | 12.08x |
| 2025-06-09 | 12.04x |
| 2025-06-06 | 12.03x |
| 2025-06-05 | 11.98x |
| 2025-06-04 | 12.00x |
| 2025-06-03 | 12.06x |
Showing the most recent 260 of 5,031 data points. The chart above shows the full history.
Related Metrics
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.
- Sector
- Utilities
- Industry
- Regulated Gas
- CEO
- Lloyd Yates