As of today (2024-04-26), NiSource's share price is $28.10. NiSource's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $14.08. Hence, NiSource's Price to Tangible Book Ratio of today is 2.00.
The historical rank and industry rank for NiSource's Price-to-Tangible-Book or its related term are showing as below:
NI'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.25 Med: 2.9 Max: 3.61
Current: 2
During the past 13 years, NiSource's highest Price to Tangible Book Ratio was 3.61. The lowest was 1.25. And the median was 2.90.
NI's Price-to-Tangible-Book is ranked worse than 56.26% of 471
companies
in the Utilities - Regulated industry
Industry Median: 1.79
vs NI: 2.00
A closely related ratio is called PB Ratio. As of today, NiSource's share price is $28.10. NiSource's Book Value per Sharefor the quarter that ended in Dec. 2023 was $17.40. Hence, NiSource's P/B Ratio of today is 1.62.
NiSource Price-to-Tangible-Book Historical Data
The historical data trend for NiSource's Price-to-Tangible-Book can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of NiSource's Price-to-Tangible-Book
For the Utilities - Regulated Gas subindustry, NiSource's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
NiSource's Price-to-Tangible-Book Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, NiSource's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where NiSource's Price-to-Tangible-Book falls into.
NiSource Price-to-Tangible-Book Calculation
NiSource's price-to-tangible-book ratio for today is calculated as:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.
NiSource Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of NiSource's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
NiSource is one of the nation's largest natural gas distribution companies with approximately 3.2 million customers in Indiana, Kentucky, Maryland, Ohio, Pennsylvania, and Virginia. NiSource's electric utility transmits and distributes electricity in northern Indiana to about 500,000 customers. The regulated electric utility also owns more than 3,000 megawatts of generation capacity, including coal, natural gas, and renewable energy.
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