Fortis
FTS
#930
Rank
C$29.98 B
Marketcap
$60.05
Share price
-0.31%
Change (1 day)
10.62%
Change (1 year)

P/E ratio for Fortis (FTS)

P/E ratio as of December 2024 (TTM): 18.3

According to Fortis's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 18.2513. At the end of 2022 the company had a P/E ratio of 18.9.

P/E ratio history for Fortis from 2009 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202218.9-18.78%
202123.310.2%
202021.146.58%
201914.4-14.25%
201816.8-17.46%
201720.4-5.04%
201621.461.48%
201513.3-49.73%
201426.457.19%
201316.8-18.33%
201220.610.3%
201118.7-11.83%
201021.24.58%
200920.2

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
-139-861.95%๐Ÿ‡จ๐Ÿ‡ณ China
18.3 0.00%๐Ÿ‡จ๐Ÿ‡ฆ Canada
4.72-74.15%๐Ÿ‡บ๐Ÿ‡ธ USA

How to read a P/E ratio?

The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.

Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.