Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
FY 2025 · Mkt cap
Decision snapshot: SIG 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 SIG's multiple
Needs SIG 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 discount
Not comparable
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: SIG FY 2026 (ended Jan 31, 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 72% equity / 28% debt · EV / Revenue 0.56x · EV / EBITDA 5.26x
Capital structure 55% equity / 45% debt · EV / Revenue 5.51x · EV / EBITDA 12.95x
NI carries the larger enterprise value at $35.93B against $3.81B; SIG trades on the lower EV / Revenue multiple (0.56x vs 5.51x); SIG on the lower EV / EBITDA (5.26x vs 12.95x).
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
SIGNET JEWELERS LIMITED · 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
0.68x
1.71x
Net debt / EBITDA
Leverage against operating earnings
0.63x
5.80x
Cash and equivalents
Liquid reserves on the balance sheet
$874.80M
$110.10M
Total debt
Interest-bearing obligations outstanding
Comparable set
Where the pair sits against the wider comparable set.
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$1.33B
$16.19B
LLM-powered synthesis
An on-demand narrative read of the same deterministic data.
This explanation uses an earlier data snapshot or evidence version. Review its generation date and the current figures, or refresh after signing in.
If you believe SIG can sustain its 28.7% ROIC while stabilizing its 1.6% revenue growth and low 5.8% operating margin, then the stock looks attractive versus NI because SIG trades at much lower P/E, P/S, and EV/EBITDA multiples despite stronger balance-sheet quality.
SIG trades at a steep valuation discount versus NI, with a 11.9x P/E versus 24.5x, 0.5x P/S versus 3.5x, and 3.2x EV/EBITDA versus 9.1x. The implied price of $173.62 suggests 106.4% upside from the current $84.12, but that gap looks driven partly by NI’s much richer multiples rather than a like-for-like operating profile.
Supporting Metrics
