Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
FY 2026 · Mkt capMarket cap $33.16B · View financials
Snapshot Sep 3, 8:00 PM ET
FY 2025 · Mkt cap
Decision snapshot: PSTG stock price vs NI: inconclusive Relative valuation is incomplete for this pair. Review the available filing metrics before drawing a conclusion.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at NI's multiple
Needs NI P/E.
Implied fair value · at PSTG's multiple
Needs PSTG P/E.
Snapshot Sep 4, 4:00 PM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth lag
Pricing power
Operating leverage
Multiple premium
Not comparable
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: PSTG FY 2026 (ended Feb 1, 2026) · NI FY 2025 (ended Dec 31, 2025). Fiscal years are not aligned.
Trendline
11 fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Capital structure 98% equity / 2% debt · EV / Revenue 8.96x · EV / EBITDA 136.81x
Capital structure 55% equity / 45% debt · EV / Revenue 5.51x · EV / EBITDA 12.95x
NI carries the larger enterprise value at $35.93B against $32.81B; NI trades on the lower EV / Revenue multiple (5.51x vs 8.96x); NI on the lower EV / EBITDA (12.95x vs 136.81x).
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
Everpure, Inc. · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
NISOURCE INC. · implied price per share
Latest annual free cash flow must be positive to qualify the filing-backed baseline.
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Debt / equity
Total debt against shareholders' equity
0.35x
1.71x
Net debt / EBITDA
Leverage against operating earnings
-1.44x
5.80x
Cash and equivalents
Liquid reserves on the balance sheet
$854.87M
$110.10M
Total debt
Interest-bearing obligations outstanding
Comparable set
Where the pair sits against the wider comparable set.
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