Company overview
Fortis Inc. operates as an electric and gas utility company in Canada, the United States, and the Caribbean countries. It generates, transmits, and distributes electricity to approximately 452,000 retail customers in southeastern Arizona, including the greater Tucson metropolitan area; and 105,000 retail customers in southeastern Arizona with an aggregate capacity of 3,442 megawatts (MW). The company also sells wholesale electricity to other entities in the western United States; owns gas-fired and hydroelectric generating capacity totaling 43 MW; and distributes natural gas to approximately 1,0,000 residential, commercial, and industrial customers in British Columbia, Canada. In addition, it owns and operates the electricity distribution system that serves approximately 592,000 customers in southern and central Alberta; owns four hydroelectric generating facilities with a combined capacity of 225 MW; and provides operation, maintenance, and management services to hydroelectric generating facilities. Further, the company distributes electricity in the island portion of Newfoundland and Labrador with an installed generating capacity of 145 MW; and on Prince Edward Island with a generating capacity of 90 MW. Additionally, it provides integrated electric utility service to approximately 70,000 customers in Ontario; approximately 277,000 customers in Newfoundland and Labrador; approximately 35,000 customers on Grand Cayman, Cayman Islands; and approximately 18,000 customers on certain islands in Turks and Caicos. It also owns and operates approximately 91,100 circuit Kilometers (km) of distribution lines; and approximately 51,700 km of natural gas pipelines. Fortis Inc. was founded in 1885 and is headquartered in Saint John's, Canada.
Daily valuation snapshot
These values come from the daily market snapshot dated 2026-10-08. TTM means trailing twelve months. Use the market date when comparing FTS with another company.
| Daily close (USD) | $53.38 |
| Market capitalization (USD) | $27,271,842,000 |
| Price / earnings (TTM) | 19.42 |
| Price / book | 1.45 |
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Read FTS's valuation metrics
Company size
Fortis Inc. Common Shares's recorded market capitalization is $27,271,842,000. It measures the market value of the company's equity, rather than its revenue or cash balance.
Price relative to earnings
FTS's recorded P/E is 19.42: about $19.42 of share price for each $1 of trailing annual earnings per share. Compare that multiple with earnings growth and companies in the same business.
Price relative to book equity
FTS's recorded price-to-book ratio is 1.45. That compares its market equity value with recorded book equity. Examine its business and balance sheet to understand why those values differ.
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