Is NiSource Inc (NI) overvalued? · P/E 23, rev $5.28B
NiSource Inc (NI) is a utilities - regulated gas company listed on NYSE.
This page asks whether NiSource Inc (NI) looks expensive on cached numbers — not a short thesis.
Latest reported NI revenue for 2024-12-31 was $5.28B. Net income was $844.7M. Revenue was down 1.2% from 2023-12-31 to 2024-12-31. NI currently screens at market cap $22.42B and trailing P/E 23.3.
NI currently screens at market cap $22.42B and trailing P/E 23.3. A high multiple can be growth prepaid or a bubble. The filing has to explain the gap.
If the next NI 8-K cuts growth or raises capex, this “expensive” read gets worse. Until then the SEC page is the source.
Not investment advice. Use the NI stock page for the full model, not this heading.
Not investment advice.