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Stock Comparison · Industry comparison · Utilities - Regulated Gas

Italgas S.p.A. vs NiSource: Which Stock Looks Stronger in 2026?

The structural profiles are close, with NiSource carrying a narrow edge on growth. Italgas S.p.A still has the edge on valuation, which keeps the comparison from looking entirely one-sided. The market setup is mixed, without a decisive signal in either direction. The market is not adding a decisive signal either way — the structural read carries the weight.

The comparison is based on similar long-term financial trajectories, not sector labels. Peer scores are normalised within each company's primary universe (IG.MI: STOXX 600, NI: S&P 500).

Updated 2026-07-05

Most of the separation is still concentrated in growth.

INDUSTRY COMPARISON

Both operate in: Utilities - Regulated Gas

This comparison is based on industry proximity, not on functional trajectory similarity. IG.MI and NI share the same industry classification.

For a similarity-based comparison, see how Italgas S.p.A and NiSource each position within their functional peer groups in AssetNext.

Peer-Relative Score
IG.MI
Italgas S.p.A.
56
Peer-Score
Signal qualitylow
Peer basis: STOXX 600
vs
NI
NiSource Inc.
58
Peer-Score
Signal qualitylow
Peer basis: S&P 500

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

The clearest separation appears in growth.

Dimension spread: IG.MI vs NI Profitability 61 67 Stability 54 50 Valuation 83 67 Growth 8 39 IG.MI NI
Gap Ranking
#1 Growth +31
#2 Valuation +16
#3 Profitability +6
#4 Stability +4
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for IG.MI and NI Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer IG.MINI Relative valuation Structural strength

The price setup looks more supportive for NiSource Inc., but Italgas S.p.A. still has the stronger structure.

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Entry today — historical context

Where IG.MI and NI each sit in their own 5-year price and valuation history.

BASED ON 5-YEAR HISTORY IG.MI Elevated · above norm 0th 50th 100th 1 pct gap NI Elevated · above norm 0th 50th 100th 97th 98th
IG.MI (97th percentile) and NI (98th percentile) both sit in the upper portion of their own 5-year ranges. The historical entry context is broadly similar for both. This reflects entry timing, not which company is structurally stronger.

Describes historical entry positioning only. Descriptive — not investment advice.

Relative Position vs Comparable Companies
Growth
Neither side looks especially strong on growth, though NiSource Inc. still ranks somewhat higher.
Valuation
Both rank well on valuation, but Italgas S.p.A. still sits higher.
Growth — Dominant Gap
IG.MI
8
NI
39
Gap+31in favour of NI

Earnings growth is one contributing factor within the growth lead.

What keeps the gap from being one-sided

Absolute pricing still looks more supportive for Italgas S.p.A, with a forward P/E that is 8.4 turns lower there.

What this means for the comparison

The main read on growth is clearer than the broader score gap.

Explore full peer positioning in AssetNext

Break down the IG.MI vs NI comparison across all dimensions with the full interactive tool.

Explore full breakdown →
Similar growth-driven comparisons

Explore how IG.MI and NI each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Because scores are peer-relative, the same company can have slightly different scores in different index universes. On comparison pages, both companies are shown within their shared peer universe wherever possible — so the scores are directly comparable. The peer basis is stated on each score card.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.