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Fortis (FTS, Power utilities) Stock Valuation & Fair Value

Weak on forward returns

Fortis (FTS, Power utilities) trades at a current P/E of 23.3, about 19% above its historical normal valuation, with a forward growth estimate of 6.1% and a PEG of 3.80. Analysts' one-year estimates have been hit 100% of the time. Priced at its historical normal P/E of 19.6 on the same blended earnings, the 2026-11-06 close of $60.10 corresponds to about $50.60 a share. This is a valuation reference, not a price target.

How to read these numbers: the PEG ratio and current P/E versus normal P/E.

DATA AS OF 2026-11-07
Current P/E
23.3
Normal P/E
19.6
PEG
3.80
Fwd growth
6.1%
Div yield
2.9%
RSI (14)
70.2
Overbought
Technical context
  • Price $60.10 at the Nov 6 close, 4.9% above the 20-day average ($57.30) and 8.8% above the 50-day ($55.26).
  • RSI (14) at 70.2.
  • 52-week range $48.86 to $61.18: the price is 1.8% below the high and 23.0% above the low.

The Street vs SeerForecast

Wall Street's mean price target for FTS is $53.00 across 2 analysts, 11.8% below the current price. The average analyst rating is Hold. Our SeerForecast read of the same stock, formed without analyst targets: weak on forward returns. When the two disagree, start your digging there.

Valuation flags

Verdict history

tickerseer's rating has been weak on forward returns since 2026-09-19.

Current P/E and rating by weekCurrent P/E moved from 21.1 to 23.0 between 2026-09-18 and 2026-10-30, against a normal P/E of 19.6, with 0 rating changes over 7 recorded weeks.2026-09-18: P/E 21.1, Weak on forward returns, recalculated for the week of 2026-09-192026-09-18: P/E 21.1, Weak on forward returns, recorded live 2026-09-212026-09-25: P/E 20.7, Weak on forward returns, recalculated for the week of 2026-09-262026-09-25: P/E 20.7, Weak on forward returns, recorded live 2026-09-282026-10-02: P/E 20.8, Weak on forward returns, recalculated for the week of 2026-10-032026-10-02: P/E 20.8, Weak on forward returns, recorded live 2026-10-052026-10-09: P/E 21.1, Weak on forward returns, recalculated for the week of 2026-10-102026-10-09: P/E 21.1, Weak on forward returns, recorded live 2026-10-122026-10-16: P/E 22.0, Weak on forward returns, recalculated for the week of 2026-10-172026-10-16: P/E 22.0, Weak on forward returns, recorded live 2026-10-192026-10-23: P/E 22.6, Weak on forward returns, recalculated for the week of 2026-10-242026-10-23: P/E 22.6, Weak on forward returns, recorded live 2026-10-262026-10-30: P/E 23.0, Weak on forward returns, recalculated for the week of 2026-10-312026-10-30: P/E 23.0, Weak on forward returns, recorded live 2026-11-0220.021.022.0Sep 18Sep 28Oct 9Oct 20Oct 30Normal P/E 19.6
Weak on forward returns

Not every point was recorded live. Points marked recalculated are worked out from the metrics tickerseer archived that week.

Selected weeks: the first, the latest, and the cheapest and dearest.

WeekCurrent P/EPremium to normal P/ERating
2026-09-19P/E 21.1+7%Weak on forward returns (recalculated)
2026-09-26P/E 20.7+5%Weak on forward returns (recalculated)
2026-10-31P/E 23.0+17%Weak on forward returns (recalculated)
2026-11-02P/E 23.0+17%Weak on forward returns ← now
Show all 14 readings
WeekCurrent P/EPremium to normal P/ERating
2026-09-19P/E 21.1+7%Weak on forward returns (recalculated)
2026-09-21P/E 21.1+7%Weak on forward returns
2026-09-26P/E 20.7+5%Weak on forward returns (recalculated)
2026-09-28P/E 20.7+5%Weak on forward returns
2026-10-03P/E 20.8+6%Weak on forward returns (recalculated)
2026-10-05P/E 20.8+6%Weak on forward returns
2026-10-10P/E 21.1+7%Weak on forward returns (recalculated)
2026-10-12P/E 21.1+7%Weak on forward returns
2026-10-17P/E 22.0+12%Weak on forward returns (recalculated)
2026-10-19P/E 22.0+12%Weak on forward returns
2026-10-24P/E 22.6+15%Weak on forward returns (recalculated)
2026-10-26P/E 22.6+15%Weak on forward returns
2026-10-31P/E 23.0+17%Weak on forward returns (recalculated)
2026-11-02P/E 23.0+17%Weak on forward returns ← now

Frequently asked questions

Is Fortis stock overvalued?

At a current P/E of 23.3 versus its historical normal P/E of 19.6, Fortis trades about 19% above its typical valuation, with a PEG of 3.80 on 6.1% forward growth. tickerseer currently rates it weak on forward returns.

What is Fortis's fair value and PEG?

Fortis trades at a current P/E of 23.3 against a historical normal P/E of 19.6, a PEG of 3.80, and a forward growth estimate of 6.1%. Priced at its historical normal P/E of 19.6 on the same blended earnings, the 2026-11-06 close of $60.10 corresponds to about $50.60 a share. This is a valuation reference, not a price target.

Has tickerseer's rating of Fortis changed?

tickerseer's rating has been weak on forward returns since 2026-09-19.

What is the analyst price target for Fortis?

The mean Wall Street price target for Fortis is $53.00 across 2 analysts, 11.8% below the current price. tickerseer's SeerForecast verdict is formed independently of analyst targets.

Industry: Power utilities. Create a free account to see the full analysis: the SeerAI score, its five quality sub-scores, valuation history, and an AI research note where we have one. Options setups and metric history are part of the paid plans.

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