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FortisFTS -0.67%74 EV-to-OCF is 18.36 as of Aug. 06, 2026, which is 3% below its 10-year median of 18.93. GuruFocus rates FTS with a GF Score™ of 74/100 and a GF Value™ of $47.48 (Modestly Overvalued). The stock has 12 warning signs investors should review. Among 507 Utilities - Regulated companies, Fortis ranks worse than 79.68% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Fortis's Enterprise Value is $56,719 Mil.
Fortis's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was $3,089 Mil. Therefore, Fortis's EV-to-OCF for today is 18.36.
The historical rank and industry rank for Fortis's EV-to-OCF or its related term are showing as below:
FTS'
s EV-to-OCF Range Over the Past 10 Years
Min: 14.43 Med: 18.93 Max: 22.97
Current: 18.36
During the past 13 years, the highest EV-to-OCF of Fortis was 22.97. The lowest was 14.43. And the median was 18.93.
FTS's EV-to-OCF is ranked worse than 79.68% of 507
companies
in the Utilities - Regulated industry
Industry Median: 10.83
vs FTS: 18.36
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
As of today (2026-08-06), Fortis's stock price is $55.92.
Fortis's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was $2.466. Therefore, Fortis's PE Ratio (TTM) for today is 22.68.
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Fortis's share price for today is $55.92.
Fortis's Earnings per Share (Diluted) 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 $2.466.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Fortis EV-to-OCF Related Terms
Fortis EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Fortis's EV-to-OCF 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-OCF, along with its competitors' market caps and EV-to-OCF 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-OCF vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Fortis's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Fortis's EV-to-OCF falls into.
Fortis's current Enterprise Value is $56,719 Mil.
Fortis's Cash Flow from Operations 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 $3,089 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 (FTS) has a EV-to-OCF of 18.36 as of Aug. 06, 2026. This is near median its historical median of 18.93. Over the past decade, Fortis' EV-to-OCF has ranged from 14.43 to 22.97. According to the industry distribution chart, Fortis ranks #404 out of 507 companies in the Utilities - Regulated industry, placing it in the top 79.7%.
Is Fortis' EV-to-OCF too high?
Fortis' current EV-to-OCF of 18.36 is near median its 10-year median of 18.93. Over the past 10 years, this metric has ranged from a low of 14.43 to a high of 22.97. The Utilities - Regulated industry median EV-to-OCF is 10.83. Fortis' value of 18.36 is 69.5% above this industry median. Based on the distribution chart, Fortis ranks #404 out of 507 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Fortis has a GF Score™ of 74/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fortis' EV-to-OCF compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Fortis ranks #404 out of 507 companies for EV-to-OCF. This places Fortis in the lower half of its industry. The industry median EV-to-OCF is 10.83. Fortis' value of 18.36 is 69.5% above this benchmark. Historically, Fortis' own EV-to-OCF has ranged from 14.43 to 22.97 over the past decade. While the company's 10-year median is 18.93 vs. the industry median of 10.83, 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-OCF for an Utilities - Regulated company?
The median EV-to-OCF among Utilities - Regulated companies is 10.83, based on 507 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Fortis's current EV-to-OCF of 18.36 is 69.5% 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-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Utilities - Regulated industry, the median EV-to-OCF is 10.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fortis's current EV-to-OCF is 18.36, which is near median its own 10-year median of 18.93. 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 (FTS) is currently considered Modestly Overvalued. The stock's GF Value™ is $47.48, compared to a current price of $55.92 — trading 17.8% above its estimated fair value. The current EV-to-OCF is 18.36, which is near median its 10-year median of 18.93 and 69.5% above the Utilities - Regulated industry median of 10.83. Fortis' overall GF Score™ is 74/100 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-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Fortis (FTS), the current EV-to-OCF is 18.36 as of Aug. 06, 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 (FTS) Overvalued in 2026?
Based on GuruFocus' analysis, Fortis stock appears to be overvalued.
The current stock price of $55.92 is trading 17.8% above its estimated GF Value™ of $47.48.
GuruFocus considers Fortis to be Modestly Overvalued.
Key valuation signals for FTS:
EV-to-OCF: 18.36 (near median its 10-year median of 18.93)
GF Value™: $47.48 vs. price of $55.92 (17.8% above fair value)
Industry Position: 69.5% above the Utilities - Regulated median (#404 of 507)
No single metric tells the full story. See the 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.
74GF Score
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