Friday 6 November 2026 Export FTS’s income statement to Excel — free account

Fortis

FTS Utilities Utilities Regulated Electric

Fortis' revenue for fiscal 2025 (year ended December 2025) was $8.7 billion, up 3.71% from fiscal 2024.

Revenue: +4.39%
EPS: +28.7%
Free cash flow: −10.2%
Total debt: +14.0%

Quarter to September 2026, against a year earlier

61.19 0.26 +0.43%

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Market cap: $31.3B
P/E: 23.2×
Fwd P/E: 22.6×
Dividend yield: 3.02%
F-score: 6/9
Altman Z: 0.80
Beneish M: −2.73
Dividend safety: 24/100

Overview

Fortis (FTS) P/B ratio

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As of 5 November 2026, Fortis (FTS) trades at a P/B ratio of 1.7×. Over the past ten years it has ranged from 0.0× (December 2015) to 1.7× (March 2026); the current reading is higher than 100% of that period. That is below the Utilities Regulated Electric industry median of 1.8× and in line with the Utilities sector median of 1.7×.

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<iframe src="https://stockrow.com/embed/FTS/pb-ratio" width="100%" height="360" style="border:0" loading="lazy" title="Fortis P/B ratio, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/FTS/metrics/pb-ratio">Fortis (FTS) P/B ratio — stockrow.com</a></p>

Period	P/B ratio	Change
FY2025	1.5×	29.51%
FY2024	1.2×	(6.23%)
FY2023	1.2×	4.50%
FY2022	1.2×	(19.57%)
FY2021	1.5×	8.41%
FY2020	1.4×	4.64%
FY2019	1.3×	19.30%
FY2018	1.1×	(15.80%)
FY2017	1.3×	52.86%
FY2016	0.8×	(25.14%)

Period	P/B ratio	Change
Sep 2026	1.4×	(7.39%)
Jun 2026	1.5×	(1.06%)
Mar 2026	1.6×	3.81%
Dec 2025	1.5×	5.26%
41 more quarters	Free account

Against its own ten years

Low 0.0× High 1.7×

Ten-year median 1.3×

Current reading's percentile 100

Company	P/B ratio
PCG Pacific Gas & Electric Co. compare	0.9×
ES Eversource Energy compare	1.7×
FTS Fortis	1.7×
PPL PPL Corporation compare	1.8×
FE FirstEnergy Corporation compare	1.9×
PEG Public Service Enterprise Group Incorporated compare	2.1×
DTE DTE Energy Company compare	2.2×
CNP CenterPoint Energy, Inc. compare	2.2×
AEE Ameren Corporation compare	2.3×
Utilities Regulated Electric industry median	1.8×
Utilities sector median	1.7×
Market median	1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

Fortis (FTS) P/B ratio

P/B ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/B ratio against peers

What P/B ratio is

More on FTS

P/B ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/B ratio against peers

What P/B ratio is

More on FTS

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