Basis: Latest reported fiscal year. Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 21.90 as of Thursday, July 30, 2026.
Forward PE Ratio (21.90) = Close Price ($44.63) / Consensus Forward EPS ($2.06)
FORWARD PE RATIO
21.90
SECTOR MEDIAN · UTILITIES
18.75
median of 36 covered companies
CURRENT VS SECTOR MEDIAN
+16.80%
vs the sector median at left
NiSource Inc
Market Cap
$21.40B
Forward PE Ratio
21.90
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| NiSource Inc (NI) | $21.40B | 21.90 |
| CMS Energy Corporation (CMS)vs › | $22.49B | 18.66 |
| Evergy, Inc. (EVRG)vs › | $19.07B | 19.56 |
| Alliant Energy Corporation (LNT)vs › | $18.08B | 20.73 |
| PPL Corporation (PPL)vs › | $26.61B | 18.23 |
| American Water Works Company, Inc. (AWK)vs › | $26.98B | 22.51 |
| Eversource Energy (ES)vs › | $27.00B | 15.88 |
| Talen Energy Corporation (TLN)vs › | $15.62B | 14.90 |
| CenterPoint Energy, Inc. (CNP)vs › | $27.61B | 22.04 |
| FirstEnergy Corp. (FE)vs › | $28.01B | 17.83 |
Trailing P/E
22.4
reported TTM EPS
Forward P/E
21.9
consensus next-FY EPS
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $2.06 implies +2.5% EPS growth vs the reported trailing $2.01.
At today's $44.63 close, each upcoming fiscal year's consensus EPS implies a different multiple — how quickly the price is "paid down" by expected earnings if the estimates hold.
| Fiscal year end | Consensus EPS | Estimate range | Analysts | Implied P/E |
|---|---|---|---|---|
| 2026-12-31 | $2.06 | $2.02 – $2.26 | 10 | 21.7x |
| 2027-12-31 | $2.25 | $2.17 – $2.41 | 10 | 19.8x |
| 2028-12-31 | $2.48 | $2.44 – $2.53 | 7 | 18.0x |
Source: FMP analyst consensus estimates, refreshed with the daily precompute. "n/m" = the consensus EPS is not positive, so a multiple is undefined. There is no forward P/E history chart here because charting one would require the estimates as they stood in the past, which we do not store — see the trailing P/E history for how the realized multiple has moved.
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
