P/E ratio for Fortis (FTS)
P/E ratio as of June 2024 (TTM): 17.0
According to Fortis's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 17.034. 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 |
|---|---|---|
| 2022 | 18.9 | -18.78% |
| 2021 | 23.3 | 10.2% |
| 2020 | 21.1 | 46.58% |
| 2019 | 14.4 | -14.25% |
| 2018 | 16.8 | -17.46% |
| 2017 | 20.4 | -5.04% |
| 2016 | 21.4 | 61.48% |
| 2015 | 13.3 | -49.73% |
| 2014 | 26.4 | 57.19% |
| 2013 | 16.8 | -18.33% |
| 2012 | 20.6 | 10.3% |
| 2011 | 18.7 | -11.83% |
| 2010 | 21.2 | 4.58% |
| 2009 | 20.2 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Fortis FTS | 17.0 | 0.00% | 🇨🇦 Canada |
 Hawaiian Electric Industries HE | 5.10 | -70.09% | 🇺🇸 USA |
 Huaneng Power 600011.SS | -183 | -1,171.42% | 🇨🇳 China |
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.