What Is NI Fair Value?
NiSource (NI) fair value estimate using multiple valuation models, updated daily.
As of October 14, 2026, NiSource (NI) has a composite fair value estimate of $32.67 based on four valuation models: DCF (35% weight), Graham Number (25% weight), PEG (25% weight), and DDM (15% weight). The current market price is $41.49, suggesting the stock is overvalued by 21.3%.
Data as of October 14, 2026 (today)
Composite Fair Value
Overvalued4 of 4 models$32.67
vs. current price of $41.49(-21.3%)
How Is NI Fair Value Calculated?
Four independent models estimate what NI is worth. Each uses different inputs and assumptions. The composite blends them by weight.
NI Intrinsic Value
Forward-looking models based on future cash flows
DCF (Discounted Cash Flow)
35% weightEstimates how much cash the company will generate over the next 10 years, then calculates what all that future cash is worth in today's dollars. Includes a 15% safety cushion. Try the standalone DCF calculator →
$33.68
-18.8%Overvalued
Inputs used
DDM (Dividend Discount Model)
15% weightIf a company pays you dividends, this model asks: how much are all those future dividend payments worth today? Only works for stocks that pay dividends. Try the intrinsic value calculator →
$40.57
-2.2%Fair Value
Inputs used
NI Fair Value
Current fundamentals: earnings, assets, and growth rate
Graham Number (Value Investing)
25% weightCreated by legendary investor Benjamin Graham. It looks at two things: how much the company earns (EPS) and what its assets are worth (Book Value), then calculates the maximum price a careful investor should pay. Try the fair value calculator →
$30.35
-26.8%Overvalued
Inputs used
PEG (Price/Earnings to Growth)
25% weightChecks if you're paying a fair price for the company's growth. A fast-growing company deserves a higher price than a slow one. This model finds the right price based on how fast earnings are growing.
$20.51
-50.6%Overvalued
Inputs used
What If You Change the Assumptions?
Drag the sliders to test different scenarios. Tap the ? buttons to learn what each input means.
Your DCF Fair Value
Current price $41.49 is 18.8% above this estimate
View 10-year cash flow projections
| Year | Projected FCF (Free Cash Flow) | Present Value |
|---|---|---|
| Year 1 | $758.8M | $716.9M |
| Year 2 | $826.0M | $737.2M |
| Year 3 | $899.1M | $758.1M |
| Year 4 | $978.6M | $779.6M |
| Year 5 | $1.07B | $801.7M |
| Year 6 | $1.16B | $824.4M |
| Year 7 | $1.26B | $847.8M |
| Year 8 | $1.37B | $871.8M |
| Year 9 | $1.50B | $896.6M |
| Year 10 | $1.63B | $922.0M |
| Terminal Value | $49.82B | $28.22B |
What Are NI's Key Financial Metrics?
Earnings & Growth
Current Price
$41.49
EPS (TTM)
$1.88
Forward P/E
18.4
Profit Margin
13.2%
Cash & Balance Sheet
Free Cash Flow
-1.8B
EBITDA
3B
Book Value
$19.97
Total Debt
17.4B
What Do Analysts Say About NI?
Low
$43.00
Average
$49.00
High
$55.00
Upside
+18.1%
NI Fair Value FAQ
What is the fair value of NI?
Based on our composite model (DCF 35%, Graham 25%, PEG 25%, DDM 15%), NI's estimated fair value is $32.67. The stock is currently trading at $41.49, which makes it overvalued by our analysis.
How is NI's fair value calculated?
We use four valuation methods: Discounted Cash Flow (DCF), Graham Number, PEG-based Fair Value, and Dividend Discount Model (for dividend-paying stocks). The composite score weights DCF at 35%, Graham and PEG at 25% each, and DDM at 15%. When a model can't be applied, its weight is redistributed proportionally.
Is NI overvalued or undervalued?
Based on our analysis, NI is overvalued. The current price of $41.49 is 21.3% above our estimated fair value of $32.67.
What do Wall Street analysts say about NI?
15 analysts cover NiSource with a consensus rating of "Buy." The average price target is $49.00, ranging from $43.00 to $55.00. This implies 18.1% upside from the current price.