NiSource (BSP:N1IS34) Cyclically Adjusted Revenue per Share: R$80.06 (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BSP:N1IS34 NiSource Inc BSP:N1IS34
71 GF Score
Price R$217.55
GF Value R$232.62
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is NiSource Cyclically Adjusted Revenue per Share?

NiSource BSP:N1IS34 71 Cyclically Adjusted Revenue per Share is R$80.06 as of Jun. 2026. GuruFocus rates BSP:N1IS34 with a GF Score™ of 71/100 and a GF Value™ of R$232.62 (Fairly Valued). The stock has 6 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

NiSource's adjusted revenue per share for the three months ended in Jun. 2026 was R$14.295. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is R$80.06 for the trailing ten years ended in Jun. 2026.

During the past 12 months, NiSource's average Cyclically Adjusted Revenue Growth Rate was 1.00% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was -2.20% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was -1.20% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was -4.00% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of NiSource was 15.70% per year. The lowest was -7.50% per year. And the median was -2.10% per year.

As of today (2026-08-12), NiSource's current stock price is R$217.55. NiSource's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was R$80.06. NiSource's Cyclically Adjusted PS Ratio of today is 2.72.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of NiSource was 3.08. The lowest was 0.93. And the median was 1.55.


NiSource  (BSP:N1IS34) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

NiSource's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=217.55/80.06
=2.72

* 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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of NiSource was 3.08. The lowest was 0.93. And the median was 1.55.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


NiSource Cyclically Adjusted Revenue per Share Related Terms


NiSource Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for NiSource's Cyclically Adjusted Revenue per Share 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.

NiSource Cyclically Adjusted Revenue per Share Chart

NiSource Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 73.91 83.72 80.57 55.41 88.63

NiSource Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted Revenue per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 85.98 83.80 88.63 79.88 80.06

BSP:N1IS34 vs ATO, UGI, SWX: Cyclically Adjusted Revenue per Share Comparison

For the Utilities - Regulated Gas subindustry, NiSource's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio 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 Cyclically Adjusted PS Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, NiSource's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where NiSource's Cyclically Adjusted PS Ratio falls into.


BSP:N1IS34
71GF Score
NiSource Inc BSP:N1IS34
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

NiSource Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, NiSource's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=14.295/333.9520*333.9520
=14.295

Current CPI (Jun. 2026) = 333.9520.

NiSource Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 8.651 241.428 11.966
201612 13.410 241.432 18.549
201703 15.369 243.801 21.052
201706 10.042 244.955 13.690
201709 8.642 246.819 11.693
201712 13.292 246.524 18.006
201803 16.935 249.554 22.662
201806 10.691 251.989 14.168
201809 10.105 252.439 13.368
201812 15.354 251.233 20.409
201903 19.166 254.202 25.179
201906 10.383 256.143 13.537
201909 10.257 256.759 13.341
201912 15.155 256.974 19.695
202003 20.424 258.115 26.425
202006 13.024 257.797 16.871
202009 12.698 260.280 16.292
202012 16.111 260.474 20.656
202103 22.111 264.877 27.877
202106 11.724 271.696 14.410
202109 11.770 274.310 14.329
202112 18.885 278.802 22.621
202203 21.120 287.504 24.532
202206 13.568 296.311 15.292
202209 12.884 296.808 14.496
202212 20.061 296.797 22.572
202303 22.903 301.836 25.340
202306 11.841 305.109 12.960
202309 11.318 307.789 12.280
202312 15.504 306.746 16.879
202403 18.908 312.332 20.217
202406 12.977 314.175 13.794
202409 13.114 315.301 13.890
202412 20.620 315.605 21.819
202503 26.605 319.799 27.782
202506 15.072 322.561 15.604
202509 14.413 324.800 14.819
202512 21.646 324.054 22.307
202603 25.698 330.213 25.989
202606 14.295 333.952 14.295

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

What does a Cyclically Adjusted Revenue per Share of R$80.06 mean?
NiSource (BSP:N1IS34) has a Cyclically Adjusted Revenue per Share of R$80.06 as of Jun. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on NiSource and its competitors.
Is NiSource's Cyclically Adjusted Revenue per Share too high?
NiSource's current Cyclically Adjusted Revenue per Share is R$80.06. Overall, NiSource has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does NiSource's Cyclically Adjusted Revenue per Share compare to ATO and UGI?
NiSource's Cyclically Adjusted Revenue per Share of R$80.06 can be compared against companies in the Utilities - Regulated industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Revenue per Share for an Utilities - Regulated company?
A good Cyclically Adjusted Revenue per Share depends on the Utilities - Regulated industry context. However, Cyclically Adjusted Revenue per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Revenue per Share mean?
A high Cyclically Adjusted Revenue per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on NiSource and its competitors. NiSource's current Cyclically Adjusted Revenue per Share is R$80.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NiSource stock overvalued right now?
Based on GuruFocus' analysis, NiSource (BSP:N1IS34) is currently considered Fairly Valued. The stock's GF Value™ is R$232.62, compared to a current price of R$217.55 — trading 6.5% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is R$80.06. NiSource's overall GF Score™ is 71/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Revenue per Share calculated?
Cyclically Adjusted Revenue per Share is calculated from a company's financial statements. For NiSource (BSP:N1IS34), the current Cyclically Adjusted Revenue per Share is R$80.06 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is NiSource (BSP:N1IS34) Overvalued in 2026?

Based on GuruFocus' analysis, NiSource stock appears to be undervalued. The current stock price of R$217.55 is trading 6.5% below its estimated GF Value™ of R$232.62. GuruFocus considers NiSource to be Fairly Valued.

Key valuation signals for BSP:N1IS34:

  • Cyclically Adjusted Revenue per Share: R$80.06
  • GF Value™: R$232.62 vs. price of R$217.55 (6.5% below fair value)
  • GF Score™: 71/100 with 6 warning signs

No single metric tells the full story. See the BSP:N1IS34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


NiSource Business Description

Address 801 East 86th Avenue, Merrillville, IN, USA, 46410
NiSource is one of the nation's largest natural gas distribution companies with 2.4 million customers in Kentucky, Maryland, Ohio, Pennsylvania, and Virginia. NiSource also serves 1.4 million gas and electric customers in Indiana. The regulated electric utility owns 4 gigawatts of generation capacity, including coal, natural gas, and renewable energy.
71GF Score

Get the complete analysis for BSP:N1IS34

Cyclically Adjusted Revenue per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$217.55
Price
R$232.62
GF Value