Fortis (FTS) - P/B ratio

P/B ratio as of September 2024 : 1.23

According to Fortis's latest financial reports the company has a price-to-book ratio of 1.23.
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	-16.59%
2021-12-31	1.37	14.45%
2020-12-31	1.20	-2.84%
2019-12-31	1.23	16.39%
2018-12-31	1.06	-8.41%
2017-12-31	1.16	15.03%
2016-12-31	1.00	-1.36%
2015-12-31	1.02	-13.64%
2014-12-31	1.18	15.9%
2013-12-31	1.02	-16.21%
2012-12-31	1.21	-3.44%
2011-12-31	1.26	-13.94%
2010-12-31	1.46	8.31%
2009-12-31	1.35	18.1%
2008-12-31	1.14	-25.95%
2007-12-31	1.54	-24.41%
2006-12-31	2.04	27.23%
2005-12-31	1.60	51.18%
2004-12-31	1.06	-21.57%
2003-12-31	1.35	-7.5%
2002-12-31	1.46

P/B ratio for similar companies or competitors

Company	P/B ratio	differencediff.	Country
Huaneng Power 600011.SS	0.5232	-57.45%	🇨🇳 China
Fortis FTS	1.23	0.00%	🇨🇦 Canada
Hawaiian Electric Industries HE	1.08	-12.21%	🇺🇸 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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