Fortis Inc.
FTS

$22.23 B
Marketcap
$44.70
Share price
Country
$0.34
Change (1 day)
$46.06
Year High
$36.86
Year Low
Categories

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 British Columbia, Canada. In addition, it owns and operates the electricity distribution system that serves approximately 577,000 customers in southern and central Alberta; owns 4 hydroelectric generating facilities with a combined capacity of 225 MW; and provides operation, maintenance, and management services to five hydroelectric generating facilities. Further, the company distributes electricity in the island portion of Newfoundland and Labrador with an installed generating capacity of 143 MW; and on Prince Edward Island with a generating capacity of 130 MW. Additionally, it provides integrated electric utility service to approximately 68,000 customers in Ontario; approximately 272,000 customers in Newfoundland and Labrador; approximately 32,000 customers on Grand Cayman, Cayman Islands; and approximately 16,000 customers on certain islands in Turks and Caicos. The company also holds long-term contracted generation assets in Belize consisting of 3 hydroelectric generating facilities with a combined capacity of 51 MW; and the Aitken Creek natural gas storage facility. It also owns and operates approximately 90,200 circuit Kilometers (km) of distribution lines; and approximately 50,500 km of natural gas pipelines. Fortis Inc. was founded in 1885 and is headquartered in St. John's, Canada.

marketcap

P/E ratio for Fortis Inc. (FTS)

P/E ratio as of 2023: 16.91

According to Fortis Inc.'s latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 16.91. At the end of 2022 the company had a P/E ratio of 18.60.

P/E ratio history for Fortis Inc. from 1995 to 2023

PE ratio at the end of each year

Year P/E ratio
2023 16.91
2022 18.60
2021 22.21
2020 18.97
2019 13.67
2018 16.58
2017 18.64
2016 19.40
2015 12.95
2014 23.19
2013 15.04
2012 17.96
2011 17.46
2010 18.77
2009 17.43
2008 14.94
2007 20.05
2006 20.56
2005 18.01
2004 16.21
2003 13.85
2002 13.52
2001 13.07
2000 13.24
1999 14.04
1998 18.01
1997 17.67
1996 11.51
1995 9.50