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NiSource Inc. (NI)
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NiSource Inc. (NI) EV/Sales Ratio: 5.79x

popular:market cap|pe ratio|revenue|price history|total return

Is NiSource Inc.’s EV/Sales ratio high or low?

NiSource Inc.'s EV/Sales ratio of 5.79x is 20% above its 5-year average of 4.83x, near the high end of its 5-year range (3.81x–6.08x).

As of Tuesday, June 16, 2026. 0.99% above its 12-month average of 5.73x.

EV/EBITDA|P/S Ratio|Revenue|All Metrics

NI EV/Sales Ratio Chart

NI EV/Sales Ratio
5.79x+3.39% 1Y
Zoom

NI Average EV/Sales Ratio Chart

NI Current vs Average EV/Sales Ratio Chart

NI EV/Sales Ratio Metrics

EV/SALES RATIO

5.79x

EV/SALES RATIO AVG TTM

5.73x

EV/SALES RATIO AVG 3Y

5.20x

EV/SALES RATIO AVG 5Y

4.83x

EV/SALES RATIO AVG 10Y

4.14x

EV/SALES RATIO AVG 15Y

3.56x

EV/SALES RATIO AVG 20Y

2.95x

CURRENT VS TTM AVG

+0.99%

CURRENT VS 3Y AVG

+11.29%

CURRENT VS 5Y AVG

+19.90%

CURRENT VS 10Y AVG

+39.77%

CURRENT VS 15Y AVG

+62.77%

CURRENT VS 20Y AVG

+96.28%

NI Competitors' EV/Sales Ratio

NAMEMARKET CAPEV/SALES RATIOTTM3Y5Y
NiSource Inc. (NI)$22.76B5.79x5.73x5.20x4.83x
CMS Energy Corporation (CMS)vs ›$22.75B4.64x4.79x4.57x4.38x
American Water Works Company, Inc. (AWK)vs ›$24.78B7.74x8.23x8.70x9.35x
Alliant Energy Corporation (LNT)vs ›$19.00B6.96x6.77x6.15x6.04x
FirstEnergy Corp. (FE)vs ›$27.38B3.57x3.61x3.57x3.69x
Talen Energy Corporation (TLN)vs ›$17.65B5.12x8.62x6.10x6.10x
CenterPoint Energy, Inc. (CNP)vs ›$28.18B5.57x5.33x4.66x4.36x
Atmos Energy Corporation (ATO)vs ›$28.31B7.78x7.79x6.84x6.44x
WEC Energy Group, Inc. (WEC)vs ›$37.13B5.92x6.00x5.55x5.45x
Clearway Energy, Inc. (CWEN-A)vs ›$8.31B9.72x9.06x8.26x8.53x

Understanding EV/Sales

Enterprise Value (EV) = Market Cap + Total Debt - Cash

Sales = Total Revenue (TTM)

EV/Sales is commonly used because:

  • It works for unprofitable companies where P/E doesn't apply
  • Revenue is harder to manipulate than earnings
  • It supports comparisons across companies at different profitability stages
  • It is frequently used for software and other revenue-growth-focused companies

Note: EV/Sales does not include margin, debt maturity, cash conversion, or growth durability by itself.

NiSource Inc. EV/Sales Ratio Formula & Definition

EV/Sales = Enterprise Value / Revenue (TTM)

Enterprise value to sales compares total company value to revenue, useful across capital structures and for unprofitable companies.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

NiSource Inc. EV/Sales Ratio FAQ

What is the EV/Sales ratio for NiSource Inc. (NI)?
The EV/Sales ratio for NI stock is 5.79x.
Is NiSource Inc.'s EV/Sales ratio high or low?
NiSource Inc.'s EV/Sales ratio of 5.79x is 20% above its 5-year average of 4.83x, near the high end of its 5-year range (3.81x–6.08x).
What is the TTM average EV/Sales ratio for NiSource Inc. (NI)?
The TTM average EV/Sales ratio for NI stock is 5.73x.
What is the 3Y average EV/Sales ratio for NiSource Inc. (NI)?
The 3Y average EV/Sales ratio for NI stock is 5.20x.
What is the 5Y average EV/Sales ratio for NiSource Inc. (NI)?
The 5Y average EV/Sales ratio for NI stock is 4.83x.
What is the 10Y average EV/Sales ratio for NiSource Inc. (NI)?
The 10Y average EV/Sales ratio for NI stock is 4.14x.
What is the 15Y average EV/Sales ratio for NiSource Inc. (NI)?
The 15Y average EV/Sales ratio for NI stock is 3.56x.
What is the 20Y average EV/Sales ratio for NiSource Inc. (NI)?
The 20Y average EV/Sales ratio for NI stock is 2.95x.

NiSource Inc. EV/Sales Ratio History

DATEEV/SALES RATIO
2026-06-155.79x
2026-06-125.78x
2026-06-115.73x
2026-06-105.73x
2026-06-095.71x
2026-06-085.68x
2026-06-055.73x
2026-06-045.68x
2026-06-035.66x
2026-06-025.68x
2026-06-015.63x
2026-05-295.71x
2026-05-285.74x
2026-05-275.79x
2026-05-265.82x
2026-05-225.82x
2026-05-215.81x
2026-05-205.76x
2026-05-195.79x
2026-05-185.73x
2026-05-155.71x
2026-05-145.79x
2026-05-135.76x
2026-05-125.77x
2026-05-115.76x
2026-05-085.74x
2026-05-075.76x
2026-05-065.80x
2026-05-055.87x
2026-05-045.86x
2026-05-015.86x
2026-04-305.87x
2026-04-295.87x
2026-04-285.89x
2026-04-275.87x
2026-04-245.85x
2026-04-235.87x
2026-04-225.77x
2026-04-215.78x
2026-04-205.84x
2026-04-175.88x
2026-04-165.83x
2026-04-155.81x
2026-04-145.80x
2026-04-135.80x
2026-04-105.86x
2026-04-095.89x
2026-04-085.86x
2026-04-075.83x
2026-04-065.79x
2026-04-025.82x
2026-04-015.78x
2026-03-315.76x
2026-03-305.75x
2026-03-275.71x
2026-03-265.67x
2026-03-255.69x
2026-03-245.69x
2026-03-235.67x
2026-03-205.64x
2026-03-195.76x
2026-03-185.76x
2026-03-175.80x
2026-03-165.82x
2026-03-135.81x
2026-03-125.76x
2026-03-115.73x
2026-03-105.75x
2026-03-095.78x
2026-03-065.74x
2026-03-055.79x
2026-03-045.82x
2026-03-035.76x
2026-03-025.79x
2026-02-275.80x
2026-02-265.76x
2026-02-255.75x
2026-02-245.74x
2026-02-235.73x
2026-02-205.74x
2026-02-195.70x
2026-02-185.66x
2026-02-175.76x
2026-02-135.74x
2026-02-125.65x
2026-02-115.61x
2026-02-105.82x
2026-02-095.80x
2026-02-065.77x
2026-02-055.76x
2026-02-045.77x
2026-02-035.76x
2026-02-025.77x
2026-01-305.79x
2026-01-295.82x
2026-01-285.79x
2026-01-275.80x
2026-01-265.76x
2026-01-235.72x
2026-01-225.73x
2026-01-215.75x
2026-01-205.72x
2026-01-165.76x
2026-01-155.73x
2026-01-145.72x
2026-01-135.65x
2026-01-125.65x
2026-01-095.62x
2026-01-085.58x
2026-01-075.58x
2026-01-065.61x
2026-01-055.58x
2026-01-025.63x
2025-12-315.60x
2025-12-305.62x
2025-12-295.61x
2025-12-265.60x
2025-12-245.61x
2025-12-235.59x
2025-12-225.58x
2025-12-195.54x
2025-12-185.58x
2025-12-175.56x
2025-12-165.57x
2025-12-155.60x
2025-12-125.57x
2025-12-115.59x
2025-12-105.57x
2025-12-095.58x
2025-12-085.57x
2025-12-055.62x
2025-12-045.61x
2025-12-035.61x
2025-12-025.64x
2025-12-015.69x
2025-11-285.78x
2025-11-265.75x
2025-11-255.70x
2025-11-245.72x
2025-11-215.68x
2025-11-205.65x
2025-11-195.67x
2025-11-185.70x
2025-11-175.71x
2025-11-145.68x
2025-11-135.69x
2025-11-125.74x
2025-11-115.76x
2025-11-105.75x
2025-11-075.73x
2025-11-065.68x
2025-11-055.68x
2025-11-045.68x
2025-11-035.66x
2025-10-315.63x
2025-10-305.63x
2025-10-295.65x
2025-10-285.86x
2025-10-275.88x
2025-10-245.88x
2025-10-235.89x
2025-10-225.91x
2025-10-215.88x
2025-10-205.89x
2025-10-175.85x
2025-10-165.84x
2025-10-155.87x
2025-10-145.82x
2025-10-135.81x
2025-10-105.82x
2025-10-095.82x
2025-10-085.90x
2025-10-075.87x
2025-10-065.92x
2025-10-035.89x
2025-10-025.83x
2025-10-015.83x
2025-09-305.85x
2025-09-295.84x
2025-09-265.79x
2025-09-255.74x
2025-09-245.78x
2025-09-235.72x
2025-09-225.70x
2025-09-195.62x
2025-09-185.61x
2025-09-175.57x
2025-09-165.55x
2025-09-155.64x
2025-09-125.67x
2025-09-115.68x
2025-09-105.65x
2025-09-095.63x
2025-09-085.61x
2025-09-055.62x
2025-09-045.58x
2025-09-035.73x
2025-09-025.76x
2025-08-295.77x
2025-08-285.76x
2025-08-275.78x
2025-08-265.78x
2025-08-255.80x
2025-08-225.82x
2025-08-215.77x
2025-08-205.79x
2025-08-195.77x
2025-08-185.73x
2025-08-155.75x
2025-08-145.79x
2025-08-135.80x
2025-08-125.78x
2025-08-115.76x
2025-08-085.77x
2025-08-075.78x
2025-08-065.74x
2025-08-055.88x
2025-08-045.92x
2025-08-015.86x
2025-07-315.85x
2025-07-305.85x
2025-07-295.83x
2025-07-285.75x
2025-07-255.83x
2025-07-245.80x
2025-07-235.79x
2025-07-225.82x
2025-07-215.79x
2025-07-185.72x
2025-07-175.67x
2025-07-165.66x
2025-07-155.64x
2025-07-145.65x
2025-07-115.62x
2025-07-105.62x
2025-07-095.60x
2025-07-085.57x
2025-07-075.62x
2025-07-035.62x
2025-07-025.60x
2025-07-015.66x
2025-06-305.68x
2025-06-275.65x
2025-06-265.62x
2025-06-255.63x
2025-06-245.69x
2025-06-235.69x
2025-06-205.61x
2025-06-185.59x
2025-06-175.59x
2025-06-165.60x
2025-06-135.61x
2025-06-125.64x
2025-06-115.61x
2025-06-105.62x
2025-06-095.60x
2025-06-065.59x
2025-06-055.57x
2025-06-045.58x
2025-06-035.61x

Showing the most recent 260 of 5,031 data points. The chart above shows the full history.

Related Metrics

EV/EBITDAP/S RatioRevenueAll 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.

Merrillville, IN
7,687 employees
www.nisource.com
Utilities / Regulated Gas
Sector
Utilities
Industry
Regulated Gas
CEO
Lloyd Yates
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