STOCK COMPARISON
NiSource vs Cameco: Fair Value & Quality
Both stocks run through our valuation models. Here is how NiSource (NI) and Cameco (CCJ) compare, as of Aug 10, 2026.
As of Aug 10, 2026, Fair Value Calculator sees NiSource as the less overvalued of the two: NiSource trades at $42.61 versus a fair value of $28.59 (-33%), while Cameco trades at $97.39 versus $9.62 (-90%).
NiSource
NI · USD · Utilities
-33%
upside to fair value
overvalued
Price$42.61
Fair Value$28.59
Quality41/100
Cameco
CCJ · USD · Energy
-90%
upside to fair value
overvalued
Price$97.39
Fair Value$9.62
Quality66/100
Head-to-head numbers
Green value = the better side for that row (for valuation multiples: lower = cheaper).
NiSourceCameco
Valuation
23.3×P/E (TTM)91.4×
3.30×P/S (TTM)11.82×
2.38×P/B6.06×
12.6×EV/EBITDA46.6×
2.67×PEG1.92×
1.8%Dividend yield0.3%
$0.86Dividend per share$0.24
Profitability
14%Net margin18%
35%Operating margin18%
9%Return on equity10%
3%Return on assets4%
Growth
8%Revenue growth (YoY)7%
4.3%Avg. growth/yr (3Y)23.0%
7.2%Avg. growth/yr (5Y)14.1%
Balance & size
1.61×Debt / equity0.14×
$22BMarket cap$42B
expensiveGrowth qualityhealthy
Even match: 7 to 7 metric wins.
Dash = not meaningfully computable, for example with negative equity.
Quality in detail
The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.
NiSourceof which business quality 39 · market factors 55
Camecoof which business quality 66 · market factors 40
ProfitabilityMargins and returns on capital today
32
38
Quality GrowthAre margins and returns improving?
65
51
CashflowEarnings quality: real cash, not paper profit
50
92
Fin. StrengthBalance sheet, leverage, solvency risk
14
76
InvestmentDisciplined investing over empire-building
36
66
Low VolatilityCalm price path (market factor)
94
36
MomentumPrice trend over the last 3–12 months (market factor)
38
35
52W MomentumDistance to the 52-week high (market factor)
38
55
Net IssuanceBuybacks instead of dilution
49
71
What the models say
The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.
NiSource
Earnings-Based$7.54
Dividend Discount$16.21
Multiples$32.09
Asset-Based$13.21
Economic Profit$12.78
Growth Earnings$28.59
15 of 15 models see the stock below the current price.
Cameco
DCF Models$23.86
Earnings-Based$9.25
Dividend Discount$4.07
Multiples$13.04
Asset-Based$10.61
Growth DCF$29.15
Economic Profit$12.38
Growth Earnings$17.32
26 of 26 models see the stock below the current price.
Scenario ranges
From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.
NiSource
Bear $20.01Fair Value $28.59Bull $37.17
$42.61 = current price (white tick)
Cameco
Bear $7.27Fair Value $9.62Bull $11.98
$97.39 = current price (white tick)
Compare two other stocks
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Ranked within their sector
Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.
NiSource · Utilities
Quality score41 · below median
Fair value upside-33% · below median
Cameco · Energy
Quality score66 · Top 25%
Fair value upside-90% · bottom 25%
Bottom line
As of Aug 10, 2026, Fair Value Calculator sees NiSource as the less overvalued of the two: NiSource trades at $42.61 versus a fair value of $28.59 (-33%), while Cameco trades at $97.39 versus $9.62 (-90%).
Cameco has the higher quality score (66/100).
See the full analysis →
More comparisons
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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.
