Fortis (FTS) - P/B ratio

P/B ratio as of November 2024 : 1.22

According to Fortis's latest financial reports the company has a price-to-book ratio of 2.60209.
The price-to-book ratio is a way to measure how much the stock market thinks a company is worth compared to how much the company says its assets are worth on paper.

Fortis - P/B ratio (from 2001 to 2024)

P/B ratio by year

Year	P/B ratio	Change
2024-12-31	N/A	-100%
2023-12-31	1.14	0.18%
2022-12-31	1.14	-17.17%
2021-12-31	1.38	15.27%
2020-12-31	1.20	-3.57%
2019-12-31	1.24	17.43%
2018-12-31	1.06	-8.54%
2017-12-31	1.16	15.03%
2016-12-31	1.00	-1.25%
2015-12-31	1.02	-13.78%
2014-12-31	1.18	15.89%
2013-12-31	1.02	-15.97%
2012-12-31	1.21	-3.66%
2011-12-31	1.26	-13.82%
2010-12-31	1.46	8.29%
2009-12-31	1.35	18.54%
2008-12-31	1.14	-27.58%
2007-12-31	1.57	-23.09%
2006-12-31	2.04	27.23%
2005-12-31	1.60	37.34%
2004-12-31	1.17	-12.76%
2003-12-31	1.34	-8.46%
2002-12-31	1.46

P/B ratio for similar companies or competitors

Company	P/B ratio	P/B ratio differencediff.	Country
Huaneng Power 600011.SS	0.4795	-60.63%	🇨🇳 China
Fortis FTS	1.22	0.00%	🇨🇦 Canada
Hawaiian Electric Industries HE	1.65	35.52%	🇺🇸 USA

What is the market capitalization of a company?

The market capitalization sometimes referred as Marketcap, is the value of a publicly listed company.
In most cases it can be easily calculated by multiplying the share price with the amount of outstanding shares.

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