What Is NiSource Inc (NI) Worth in 2026?
According to the CirclFi Deep Alpha Valuation Engine, the balance of valuation evidence tilts cautious on NiSource Inc at its current price of $47.06. The composite intrinsic value is estimated at $32.92 (-30.1% average return), with 8 models flagging overvaluation risk. Notably, Bayesian DCF sees the most upside at +23.8% (fair value: $58.24), while Dynamic NAV is the most conservative at -83.9% ($7.56). The spread between these extremes — +107.7% — reveals how different analytical frameworks can reach starkly different conclusions.
What Do the Models Say About NI?
11 of 13 models are currently active for NI. Of these, 2 models suggest upside while 9 models suggest overvaluation. The Bayesian DCF estimates NI's intrinsic value at $58.24, implying +23.8% upside from the current price. See which stocks rank higher →
How Does NI Rank in Electric & Other Services Combined?
Among 18 Electric & Other Services Combined stocks, NI ranks #3 by Quality of Company score. CirclFi's QOC score of 8.1/10 evaluates 32 fundamental signals. A score of 8.1 places NI in the top tier.
As a regulated utility, NiSource Inc operates in a sector where customer growth rate is a critical driver of valuation. Investors evaluating NI should weigh these sector-specific dynamics alongside our model-derived fair values.
Is NI a Value Trap?
CirclFi's Value Trap algorithm assigns NI a score of 18/100 (SAFE). This indicates minimal risk. Fundamentals are healthy. The score cross-references apparent undervaluation against fundamental deterioration signals. Browse lowest value-trap stocks →
Multi-Model Methodology
11 of 13 models are active for NiSource Inc. Broad coverage provides high confidence. Each model applies a fundamentally different valuation philosophy. See the complete methodology →
According to the CirclFi 32-factor quality framework, NiSource Inc's fundamental quality profile registers 8.1/10. This robust score captures the company's profitability depth, growth consistency, balance sheet resilience, and shareholder return track record.
The gap between the most bullish and bearish model spans +107.7% — demonstrating why single-model analysis is dangerous. Browse all stocks with 13-model coverage →
Data Sources & Confidence
Every NI valuation is built from SEC EDGAR XBRL filings — 700+ standardized financial tags. Macroeconomic context from FRED calibrates discount rates, while GDELT news sentiment feeds into our Sentiment SOTP model. All pipelines run daily. Read the complete data methodology →
Across NI's 11 active models, average confidence is 44%. Lower confidence may reflect limited history or high volatility.
CirclFi's output is a research starting point, not a buy/sell signal. All data updates daily. Read the full methodology →
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