Valuation models
price $44.57 · as of Nov 2, 2026
P/E · peers37.39 – 45.4539.5913% overvaluedP/E · own historyused36.60 – 48.5544.961% undervaluedPEG—24.4582% overvaluedEV/EBITDA · peers48.47 – 58.9853.1916% undervaluedEV/Revenue · peers20.76 – 57.7829.7250% overvaluedDividend discount17.53 – 46.4426.3969% overvaluedWall St. consensus target—48.007% belowCost of capital (WACC)—6.22%—
P/E · own history leads for a regulated utility. How the headline model is chosen.
Model value · P/E · own history
44.96
NiSource closed at $44.57 — undervalued by 1% vs model.
36.60the model's range48.55
P/E · own history leads for a regulated utility. From its own five-year median P/E applied to its earnings.
Other models
24.45 – 53.19
Wall St. target
48.00 7% below
Below model, 1y
17 of 30 days
How it is valued
Valued asRegulated utility
Low/slowing growth (~10% recent)Moderate margins (14% net margin)Pays dividendsHighly cyclical earningsNegative free cash flow
Model estimates for research reference only, not investment advice. Every model rests on assumptions that may not match what happens; how each model works is in the manual.