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FortisTSX:FTS -0.93%79 EV-to-EBIT is 20.85 as of Aug. 04, 2026, which is 8% above its 10-year median of 19.34. GuruFocus rates TSX:FTS with a GF Score™ of 79/100 and a GF Value™ of C$66.21 (Modestly Overvalued). The stock has 12 warning signs investors should review. Among 463 Utilities - Regulated companies, Fortis ranks worse than 75.38% on this metric.
EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Fortis's Enterprise Value is C$80,299 Mil.
Fortis's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was C$3,852 Mil. Therefore, Fortis's EV-to-EBIT for today is 20.85.
The historical rank and industry rank for Fortis's EV-to-EBIT or its related term are showing as below:
TSX:FTS'
s EV-to-EBIT Range Over the Past 10 Years
Min: 14.77 Med: 19.34 Max: 27.94
Current: 20.85
During the past 13 years, the highest EV-to-EBIT of Fortis was 27.94. The lowest was 14.77. And the median was 19.34.
TSX:FTS's EV-to-EBIT is ranked worse than 75.38% of 463
companies
in the Utilities - Regulated industry
Industry Median: 13.72
vs TSX:FTS: 20.85
This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.
Fortis's Enterprise Value for the quarter that ended in Jun. 2026 was C$81,244 Mil.
Fortis's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was C$3,852 Mil.
* 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.
Fortis EV-to-EBIT Related Terms
Fortis EV-to-EBIT Historical Data
* Premium members only.
The historical data trend for Fortis's EV-to-EBIT 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.
For the Utilities - Regulated Electric subindustry, Fortis's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 EV-to-EBIT vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Fortis's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where Fortis's EV-to-EBIT falls into.
Fortis's current Enterprise Value is C$80,299 Mil.
Fortis's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was C$3,852 Mil.
* 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.
Fortis (TSX:FTS) has a EV-to-EBIT of 20.85 as of Aug. 04, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Fortis and its competitors. This is near median its historical median of 19.34. Over the past decade, Fortis' EV-to-EBIT has ranged from 14.77 to 27.94. According to the industry distribution chart, Fortis ranks #349 out of 463 companies in the Utilities - Regulated industry, placing it in the top 75.4%.
Is Fortis' EV-to-EBIT too high?
Fortis' current EV-to-EBIT of 20.85 is near median its 10-year median of 19.34. Over the past 10 years, this metric has ranged from a low of 14.77 to a high of 27.94. The Utilities - Regulated industry median EV-to-EBIT is 13.72. Fortis' value of 20.85 is 52% above this industry median. Based on the distribution chart, Fortis ranks #349 out of 463 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Fortis has a GF Score™ of 79/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fortis' EV-to-EBIT compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Fortis ranks #349 out of 463 companies for EV-to-EBIT. This places Fortis in the lower half of its industry. The industry median EV-to-EBIT is 13.72. Fortis' value of 20.85 is 52% above this benchmark. Historically, Fortis' own EV-to-EBIT has ranged from 14.77 to 27.94 over the past decade. While the company's 10-year median is 19.34 vs. the industry median of 13.72, Fortis has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-EBIT for an Utilities - Regulated company?
The median EV-to-EBIT among Utilities - Regulated companies is 13.72, based on 463 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBIT significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Fortis's current EV-to-EBIT of 20.85 is 52% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-EBIT mean?
A high EV-to-EBIT can signal that a stock is expensive relative to its fundamentals. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Fortis and its competitors. For the Utilities - Regulated industry, the median EV-to-EBIT is 13.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fortis's current EV-to-EBIT is 20.85, which is near median its own 10-year median of 19.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fortis stock overvalued right now?
Based on GuruFocus' analysis, Fortis (TSX:FTS) is currently considered Modestly Overvalued. The stock's GF Value™ is C$66.21, compared to a current price of C$79.80 — trading 20.5% above its estimated fair value. The current EV-to-EBIT is 20.85, which is near median its 10-year median of 19.34 and 52% above the Utilities - Regulated industry median of 13.72. Fortis' overall GF Score™ is 79/100 with 12 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBIT calculated?
EV-to-EBIT is calculated from a company's financial statements. For Fortis (TSX:FTS), the current EV-to-EBIT is 20.85 as of Aug. 04, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Fortis (TSX:FTS) Overvalued in 2026?
Based on GuruFocus' analysis, Fortis stock appears to be overvalued.
The current stock price of C$79.80 is trading 20.5% above its estimated GF Value™ of C$66.21.
GuruFocus considers Fortis to be Modestly Overvalued.
Key valuation signals for TSX:FTS:
EV-to-EBIT: 20.85 (near median its 10-year median of 19.34)
GF Value™: C$66.21 vs. price of C$79.80 (20.5% above fair value)
Industry Position: 52% above the Utilities - Regulated median (#349 of 463)
No single metric tells the full story. See the TSX:FTS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fortis owns and operates eight utility transmission and distribution subsidiaries in Canada and the United States, serving 3.5 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.
79GF Score
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