Fortis Inc.

Fortis Inc.verified

FTS

Price:

$38.78

Market Cap:

$26.28B

Fortis Inc. operates as an electric and gas utility company in Canada, the United States, and the Caribbean countries. It generates, transmits, and distributes electricity to approximately 438,000 retail customers in southeastern Arizona; and 100,000 retail customers in Arizona's Mohave and Santa Cruz counties with an aggregate capacity of 3,485 megawatts (MW), including 53 MW of solar capacity and 252 MV of wind capacity. The company also sells wholesale electricity to other entities in the western United States; owns gas-fired and hydroelectric generating capacity totaling 65 MW; and distributes natural gas to approximately 1,065,000 residential, commercial, and industrial customers in Bri...[Read more]

Industry

Regulated Electric

IPO Date

2010-01-05

Stock Exchange

NYSE

Ticker

FTS

The PE Ratio as of June 2024 (TTM) for Fortis Inc. (FTS) is 17.01

According to Fortis Inc.’s latest financial reports and current stock price. The company's current PE Ratio is 17.01. This represents a change of 0.01% compared to the average of 17.01 of the last 4 quarters.

Fortis Inc. (FTS) Historical PE Ratio (quarterly & annually)

How has FTS PE Ratio performed in the past?

The mean historical PE Ratio of Fortis Inc. over the last ten years is 18.09. The current 17.01 PE Ratio has changed 9.30% with respect to the historical average. Over the past ten years (40 quarters), FTS's PE Ratio was at its highest in in the September 2014 quarter at 64.59. The PE Ratio was at its lowest in in the June 2019 quarter at 7.65.

Quarterly (TTM)
Annual

Average

18.09

Median

18.63

Minimum

12.87

Maximum

23.06

Fortis Inc. (FTS) PE Ratio by Quarter and Year

Discovering the peaks and valleys of Fortis Inc. PE Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 52.97%

Maximum Annual PE Ratio = 23.06

Minimum Annual Increase = -44.18%

Minimum Annual PE Ratio = 12.87

Quarterly (TTM)
Annual
YearPE RatioChange
202316.83-9.57%
202218.62-16.16%
202122.2016.88%
202019.0039.01%
201913.67-17.59%
201816.58-11.08%
201718.65-3.97%
201619.4250.84%
201512.87-44.18%
201423.0652.97%

Fortis Inc. (FTS) Average PE Ratio

How has FTS PE Ratio performed in the past?

The current PE Ratio of Fortis Inc. (FTS) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

19.22

5-year avg

18.06

10-year avg

18.09

Fortis Inc. (FTS) PE Ratio vs. Peers

How is FTS’s PE Ratio compared to its peers?

Fortis Inc.’s PE Ratio is less than CMS Energy Corporation (0), less than Ameren Corporation (18.12), greater than Pinnacle West Capital Corporation (16.32), greater than MGE Energy, Inc. (16.52), less than Evergy, Inc. (22.83), less than Alliant Energy Corporation (17.03), less than CenterPoint Energy, Inc. (18.23), less than FirstEnergy Corp. (20.60), less than Edison International (20.65), less than Public Service Enterprise Group Incorporated (25.17), less than Entergy Corporation (20.17), greater than null (10.66),

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Frequently asked questions❓

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