What is Fortis's Price/Book Ratio?
- Fortis's trailing twelve month (TTM) Price/Book ratio is 1.34.
- Fortis's annual Price/Book ratio as of today is 1.24.
- Fortis's quarterly Price/Book ratio is 1.24.
What is the Price/Book Ratio?
The Price/Book (P/B) ratio is a financial metric that compares a company's market value to its book value. It is calculated by dividing the company's stock price by its book value per share. A lower P/B ratio may indicate that the stock is undervalued.
How is the Price/Book Ratio Calculated?
P/B Ratio = (Market Price per Share) / (Book Value per Share)
Related Metrics
Other important metrics to assess Fortis's financial health include:
- P/E Ratio (Price to Earnings Ratio) - measures the company's current share price relative to its per-share earnings:
- Annual: 17.60
- Quarterly: 17.81
- TTM: 18.96
- P/S Ratio (Price to Sales Ratio) - compares the company's stock price to its revenues:
- Annual: 2.57
- Quarterly: 10.03
- TTM: 2.79
- P/C Ratio (Price to Cash Flow Ratio) - compares the company's market value to its cash flow:
- Annual: 7.62
- Quarterly: 30.73
- TTM: 8.21
- PEG Ratio (Price/Earnings to Growth Ratio) - measures the ratio of the P/E ratio to the company's expected earnings growth rate:
- Annual: 3.90
- Quarterly: -3.03
- TTM: 30.63
These metrics provide insights into Fortis's financial health and its ability to meet short-term obligations. Comparing these ratios with industry benchmarks can offer a deeper understanding of the company's performance.
Annual Price/Book Ratio
1.24
Quarterly Price/Book Ratio
1.24
TTM Price/Book Ratio
1.34
Fortis Historical Price/Book Ratio
Historical P/E Ratio
Historical P/S Ratio
Historical P/C Ratio
Historical PEG Ratio
Fortis Historical Ratios
The table below shows various financial metrics for each year, with the latest data available for the last fiscal year 2024.
| Year | Price/Book Ratio | P/E Ratio | P/S Ratio | P/C Ratio | PEG Ratio |
|---|---|---|---|---|---|
| 2024 | 1.24 | 17.60 | 2.57 | 7.62 | 3.90 |
| 2023 | 1.24 | 16.91 | 2.31 | 7.51 | 1.47 |
| 2022 | 1.23 | 18.60 | 2.35 | 8.44 | 2.86 |
| 2021 | 1.49 | 22.21 | 3.04 | 9.89 | 57.74 |
| 2020 | 1.29 | 18.97 | 2.71 | 8.95 | -0.60 |
| 2019 | 1.27 | 13.67 | 2.68 | 8.84 | 0.36 |
| 2018 | 1.17 | 16.58 | 2.30 | 7.42 | 0.89 |
| 2017 | 1.28 | 18.64 | 2.31 | 6.95 | 0.82 |
| 2016 | 0.88 | 19.40 | 1.87 | 6.80 | -0.70 |
| 2015 | 1.05 | 12.95 | 1.55 | 6.23 | 0.15 |
Related Metrics
Explore detailed financial metrics and analysis for FTS.