Fortis Inc (FTS) fair value: what the stock is really worth
As of Oct 30, 2026: fair value (intrinsic value) of Fortis Inc stock $29.74, price $58.67, that is 49.3% below the price, quality 48 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Fortis Inc
FTS · USOur calculation puts a fair price 49% below what the stock costs today.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 1, 2026.
How to read this chart
60‑month range $30.37 – $58.67 · fair‑value band $18.08 – $49.17 · the $58.67 price screens above the $29.74 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 1, 2026.
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Company profile
Fortis Inc. operates as an electric and gas utility company in Canada, the United States, and the Caribbean countries.
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The company generates, transmits, and distributes electricity to approximately 459,000 retail customers in southeastern Arizona, including the greater Tucson metropolitan area; and 107,000 retail customers in southeastern Arizona with an aggregate capacity of 3, 443 megawatts (MW). It 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 1,105,000 residential, commercial, and industrial customers in British Columbia, Canada.
In addition, it owns and operates the electricity distribution system that serves approximately 615,000 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 280,000 customers in Newfoundland; approximately 35,000 customers on Grand Cayman, Cayman Islands; and approximately 92,000 customers on Maritime Electric.
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 St. John's, Canada.
Stock analysis
Fortis Inc (FTS) currently trades at $58.67, while our model-based Fair Value estimate is $29.74, 49.3% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of $38.39 per share, and 1 of the 15 models we run sit above the $58.67 price.
Bear case: the Asset-Based group reads lowest at $8.97, and 14 of the 15 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $18.08 (bear) to $49.17 (bull), the price of $58.67 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 48/100 (below-average quality), in the Utilities sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Fortis Inc reported revenue of C$12.2B in FY2025 versus C$9.4B in FY2021, a compound +6.5%/yr. Reported net income was C$1.8B in FY2025, compounding +8.6%/yr from FY2021.
Key figures
Market cap $28.2B Large · P/E ratio 23.8 · P/S ratio 3.53 · EPS (TTM) $2.46 · Dividend yield 4.3% · Net margin 14.8% · Return on equity 7.5% · Return on assets (EBIT) 4.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 57 out of 100 (low confidence).
What moves the price
The share trades at its 52-week high and 22% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Utilities peers we cover trades at −39% fair-value upside, at −49%, FTS screens richer than that median.
Fair Value models
All 16 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Revenue & earnings trend
FTS screens overvalued: fair value 49% below the price. Compare with NextEra Energy, Inc →
Recent news
- Fortis (TSX:FTS) Stock Could Trade At A Discount After A 77% Run
- Are Options Traders Betting on a Big Move in Fortis Stock?
- Advisory: Fortis Inc. to Hold Teleconference and Webcast on November 3 to Discuss Third Quarter 2026 Results and New Five-Year Capital Outlo
- Fortis Inc. to Hold Teleconference and Webcast on November 3 to Discuss Third Quarter 2026 Results and New Five-Year Capital Outlook
Compare Fortis Inc with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Utilities - Regulated Electric · 157 stocks
Valuation Multiplesvs Utilities - Regulated Electric median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
Context: sector, industry, market
- Is the Utilities sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- P/B ratio by industry
- Net margin by industry
- PEG screener for stocks with fair value
- Undervalued stocks: Utilities
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Utilities - Regulated Electric stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| PG&E Corporation PCG | $13.18 | $17.29 | +31% | vs FTS |
| Exelon Corporation EXC | $46.16 | $36.01 | −22% | vs FTS |
| American Electric Power Company AEP | $130.21 | $100.03 | −23% | vs FTS |
| Xcel Energy Inc XEL | $79.82 | $53.45 | −33% | vs FTS |
| The Southern Company SO | $93.71 | $57.57 | −39% | vs FTS |
| Duke Energy Corporation DUK | $127.39 | $75.79 | −41% | vs FTS |
| Dominion Energy, Inc D | $66.62 | $37.88 | −43% | vs FTS |
| Consolidated Edison, Inc ED | $116.64 | $47.76 | −59% | vs FTS |
| NextEra Energy, Inc NEE | $83.71 | $29.83 | −64% | vs FTS |
| Entergy Corporation ETR | $110.11 | $37.37 | −66% | vs FTS |
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Key figures of Fortis Inc
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