Fortis Inc. (FTS) is a publicly traded company in the Utilities — Regulated Electric industry listed on NYSE. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
Fortis Inc. is a prominent North American utility enterprise, delivering essential electricity and natural gas services across Canada, the United States, and various Caribbean nations. In the realm of electricity, the company supplies power to roughly 438,000 retail consumers in southeastern Arizona and an additional 100,000 retail customers in Arizona's Mohave and Santa Cruz counties.
Is Fortis Inc. stock overvalued or undervalued in 2026?
Fortis Inc. (FTS) trades at 24.7× earnings (P/E), above the median of the 83 utilities companies over $2bn in Kaplio's universe. At the decade median (19.7×) $47 (-20 %); at its sector median (20.7×) $49 (-16 %).
Kaplio overview: Fortis Inc.
Market cap $30B · 52 weeks $50 – $59 (0 % below the high) · P/E 24.7× · 2027 expected P/E 20.9× · Dividend 3.0 % · Next earnings November 3, 2026 · expected EPS $0.65 · Closing price, Oct 30 · accounts published Jul 31.
- Valuation: P/E 24.7× (expensive).
- Business: ROE 7.4 % (fair).
- Balance sheet: Net debt/EBITDA 5.8× (watch).
- Earnings: 7 of 8 (on track).
What would it be worth at its usual multiples?
At the decade median (19.7×) $47 (-20 %); at its sector median (20.7×) $49 (-16 %). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.
What matters in utilities: 2 of 6 pass
- Interest coverage 2.4×, fails.
- Regulated ROE (8-12%) 7.4 %, borderline.
- 5y EPS growth 3.9 %, borderline.
- Net debt / EBITDA 5.8×, borderline.
- 10y dividend growth 4.3 %, passes, near the threshold.
- Payout Ratio 48.5 %, passes.
Against its peers (reference peers) — Fortis Inc.: P/E 24.7×; EV/EBITDA 12.8×; ROIC 3.9 %; $30.0B. CenterPoint Energy, Inc. (P/E 24.2×; EV/EBITDA 12.3×; ROIC 4.2 %; $28.1B), Public Service Enterprise Group Incorporated (P/E 18.5×; EV/EBITDA 13.4×; ROIC 4.6 %; $37.0B), CMS Energy Corporation (P/E 24.6×; EV/EBITDA 16.2×; ROIC 2.4 %; $22.0B).
Expensive or cheap against its last ten years?
P/E at each close: today 24.7× · median 19.7× · minimum 15.4× · maximum 24.7× · cheap below 18.8× · expensive above 21.8×. It has been cheaper than today 100% of the time over its last ten years.
Dividend
tight · Yield 3.0 % ($1.18 per ADS in 2025) · 5-year growth -2 % a year · Free cash flow coverage -1.7× · With $1,000 invested today you'd collect $30.40 a year ($2.53 a month).
Investor methods verdict
Would Buffett approve Fortis today?
The Buffett Method would not approve Fortis today: it fails its quality rules. Business quality: 60 out of 100 (price not included). Kaplio assessment with data from the week of 2026-10-26; not investment advice.
Would Peter Lynch approve Fortis today?
The Lynch Method would not approve Fortis today: it fails its quality rules. Business quality: 18 out of 100 (price not included). Lynch classifies it as a slow grower. Kaplio assessment with data from the week of 2026-10-26; not investment advice.
Profitability
| Return on Equity | 7.43% |
| Return on Invested Capital | 3.91% |
| Return on Assets | 2.30% |
| Gross Margin | 28.19% |
| Operating Margin | 28.19% |
| Net Margin | 14.72% |
Financial Health
| Debt / Equity | 1.44 |
| Current Ratio | 0.56 |
| Piotroski F-Score | 7 |
| Altman Z-Score | 0.81 |
Price Performance
| 1 month | +10.14% |
| 3 months | +1.91% |
| Year-to-date | +11.84% |
| 1 year | +15.65% |
| 3 years | +43.89% |
| 5 years | +29.96% |
| 10 years | +80.74% |
Dividend History
Paid in the last 12 months: $1.8523 per share in 4 payments.
| Date | Amount |
|---|---|
| 2026-08-19 | $0.4630 |
| 2026-05-15 | $0.4654 |
| 2026-02-17 | $0.4677 |
| 2025-11-17 | $0.4562 |
| 2025-08-19 | $0.4437 |
| 2025-05-16 | $0.4396 |
| 2025-02-18 | $0.4330 |
| 2024-11-18 | $0.4388 |
| 2024-08-20 | $0.4328 |
| 2024-05-16 | $0.4331 |
Amounts adjusted for stock splits.
Related companies: DUK · PEG · CNP · CMS · POR · H.TO · EMA.TO · CU.TO
Explore sector: Utilities · Regulated Electric
More sections of FTS: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
Discover more: Weekly Radar: the S&P 500 through the Buffett and Lynch methods · Companies that pass the Buffett method today · Companies that pass the Lynch method today · Stocks that pass Graham's defensive investor test today · Investment Academy — learn to analyze stocks