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Fortis (FRA:12F) Cyclically Adjusted Price-to-FCF : (As of Jun. 04, 2025)


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What is Fortis Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Fortis Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Fortis's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Fortis Cyclically Adjusted Price-to-FCF Chart

Fortis Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Price-to-FCF
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Fortis Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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Competitive Comparison of Fortis's Cyclically Adjusted Price-to-FCF

For the Utilities - Regulated Electric subindustry, Fortis's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Fortis's Cyclically Adjusted Price-to-FCF Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Fortis's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Fortis's Cyclically Adjusted Price-to-FCF falls into.


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Fortis Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Fortis's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Fortis's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=-0.425/129.1809*129.1809
=-0.425

Current CPI (Mar. 2025) = 129.1809.

Fortis Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 -0.378 100.500 -0.486
201509 -0.363 100.421 -0.467
201512 -0.381 99.947 -0.492
201603 0.134 101.054 0.171
201606 0.036 102.002 0.046
201609 -0.103 101.765 -0.131
201612 -0.378 101.449 -0.481
201703 -0.288 102.634 -0.362
201706 -0.112 103.029 -0.140
201709 0.153 103.345 0.191
201712 -0.195 103.345 -0.244
201803 -0.142 105.004 -0.175
201806 -0.169 105.557 -0.207
201809 0.012 105.636 0.015
201812 -0.636 105.399 -0.780
201903 -0.306 106.979 -0.370
201906 -0.326 107.690 -0.391
201909 -0.242 107.611 -0.291
201912 -0.745 107.769 -0.893
202003 -0.798 107.927 -0.955
202006 -0.070 108.401 -0.083
202009 -0.241 108.164 -0.288
202012 -0.744 108.559 -0.885
202103 -0.093 110.298 -0.109
202106 -0.072 111.720 -0.083
202109 -0.152 112.905 -0.174
202112 -0.375 113.774 -0.426
202203 -0.154 117.646 -0.169
202206 -0.195 120.806 -0.209
202209 -0.502 120.648 -0.538
202212 -0.354 120.964 -0.378
202303 -0.055 122.702 -0.058
202306 -0.054 124.203 -0.056
202309 -0.061 125.230 -0.063
202312 -0.704 125.072 -0.727
202403 -0.477 126.258 -0.488
202406 -0.409 127.522 -0.414
202409 0.051 127.285 0.052
202412 -0.983 127.364 -0.997
202503 -0.425 129.181 -0.425

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Fortis  (FRA:12F) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Fortis Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Fortis's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Fortis Business Description

Industry
Address
5 Springdale Street, Suite 1100, Fortis Place, Saint John’s, NL, CAN, A1E 0E4
Fortis owns and operates eight utility transmission and distribution subsidiaries in Canada and the United States, serving more than 3.4 million electricity and gas customers. The company has smaller stakes in electricity generation and several Caribbean utilities. Subsidiary ITC operates electric transmission in seven US states, with more than 16,000 miles of high-voltage transmission lines in operation.

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