WallStSmart

NiSource Inc (NI)vsOne Gas Inc (OGS)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

NiSource Inc generates 198% more annual revenue ($6.88B vs $2.31B). NI leads profitability with a 13.2% profit margin vs 12.5%. NI appears more attractively valued with a PEG of 2.38. OGS earns a higher WallStSmart Score of 57/100 (C).

NI

Buy

50

out of 100

Grade: C-

Growth: 3.3Profit: 6.5Value: 5.0Quality: 3.5
Piotroski: 4/9Altman Z: 0.58

OGS

Buy

57

out of 100

Grade: C

Growth: 4.7Profit: 6.0Value: 4.0Quality: 4.0
Piotroski: 5/9Altman Z: 0.83
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

Intrinsic value data unavailable for NI.

OGSSignificantly Overvalued (-16.1%)

Margin of Safety

-16.1%

Fair Value

$71.84

Current Price

$79.98

$8.14 premium

UndervaluedFair: $71.84Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

NI1 strengths · Avg: 8.0/10
Price/BookValuation
2.1x8/10

Reasonable price relative to book value

OGS3 strengths · Avg: 8.7/10
Price/BookValuation
1.4x10/10

Reasonable price relative to book value

P/E RatioValuation
17.4x8/10

Attractively priced relative to earnings

EPS GrowthGrowth
39.6%8/10

Earnings expanding 39.6% YoY

Areas to Watch

NI4 concerns · Avg: 3.3/10
PEG RatioValuation
2.384/10

Expensive relative to growth rate

Revenue GrowthGrowth
4.6%4/10

4.6% revenue growth

Debt/EquityHealth
1.833/10

Elevated debt levels

EPS GrowthGrowth
-58.4%2/10

Earnings declined 58.4%

OGS4 concerns · Avg: 2.3/10
Return on EquityProfitability
7.8%3/10

ROE of 7.8% — below average capital efficiency

PEG RatioValuation
4.192/10

Expensive relative to growth rate

Revenue GrowthGrowth
-2.9%2/10

Revenue declined 2.9%

Altman Z-ScoreHealth
0.832/10

Distress zone — elevated risk

Comparative Analysis Report

WallStSmart Research

Bull Case : NI

The strongest argument for NI centers on Price/Book.

Bull Case : OGS

The strongest argument for OGS centers on Price/Book, P/E Ratio, EPS Growth.

Bear Case : NI

The primary concerns for NI are PEG Ratio, Revenue Growth, Debt/Equity. Debt-to-equity of 1.83 is elevated, increasing financial risk.

Bear Case : OGS

The primary concerns for OGS are Return on Equity, PEG Ratio, Revenue Growth.

Key Dynamics to Monitor

NI profiles as a value stock while OGS is a declining play — different risk/reward profiles.

OGS carries more volatility with a beta of 0.66 — expect wider price swings.

NI is growing revenue faster at 4.6% — sustainability is the question.

OGS generates stronger free cash flow (38M), providing more financial flexibility.

Bottom Line

OGS scores higher overall (57/100 vs 50/100). Both earn "Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

NiSource Inc

UTILITIES · UTILITIES - REGULATED GAS · USA

NiSource Inc. is one of the largest fully regulated utility companies in the United States. The company is based in Merrillville, Indiana.

One Gas Inc

UTILITIES · UTILITIES - REGULATED GAS · USA

ONE Gas, Inc. is a regulated natural gas distribution company in the United States. The company is headquartered in Tulsa, Oklahoma.

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