Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). NiSource's share price for the quarter that ended in Dec. 2023 was $26.55. NiSource's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 447 Mil. Therefore, NiSource's market cap for the quarter that ended in Dec. 2023 was $11,878 Mil.
NiSource's quarterly market cap
declined
from Jun. 2023 ($11,300 Mil) to Sep. 2023 ($10,172 Mil) but then
increased
from Sep. 2023 ($10,172 Mil) to Dec. 2023 ($11,878 Mil).
NiSource's annual market cap
increased
from Dec. 2021 ($11,190 Mil) to Dec. 2022 ($11,301 Mil) and
increased
from Dec. 2022 ($11,301 Mil) to Dec. 2023 ($11,878 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. NiSource's Enterprise Value for Today is $24,963 Mil.
NiSource Market Cap Historical Data
The historical data trend for NiSource's Market Cap 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.
For the Utilities - Regulated Gas subindustry, NiSource's Market Cap, along with its competitors' market caps and Market Cap 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 Market Cap Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, NiSource's Market Cap distribution charts can be found below:
* The bar in red indicates where NiSource's Market Cap falls into.
NiSource Market Cap Calculation
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
NiSource's Market Cap for the fiscal year that ended in Dec. 2023 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.
NiSource (NYSE:NI) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
NiSource Market Cap Related Terms
Thank you for viewing the detailed overview of NiSource's Market Cap 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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