Ormat Technologies, Inc. (ORA) is a publicly traded company in the Utilities — Renewable Utilities industry listed on NYSE. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
Ormat Technologies, Inc. (ORA) is a global enterprise dedicated to geothermal and recovered energy power solutions, with significant operations in the United States, Indonesia, Kenya, Turkey, Chile, Guadeloupe, Guatemala, Ethiopia, New Zealand, Honduras, and various other international locations. The company's operations are divided into three distinct business units: Electricity Generation, Product Manufacturing, and Energy Storage Solutions.
Is Ormat Technologies, Inc. stock overvalued or undervalued in 2026?
Ormat Technologies, Inc. (ORA) trades at 45.4× earnings (P/E), above the median of the 83 utilities companies over $2bn in Kaplio's universe. At the decade median (41.8×) $85 (-8 %); at its sector median (20.7×) $42 (-54 %).
Kaplio overview: Ormat Technologies, Inc.
Market cap $6B · 52 weeks $87 – $145 (36 % below the high) · P/E 45.4× · 2027 expected P/E 37.9× · Dividend 0.49 % · Next earnings November 4, 2026 · expected EPS $0.33 · Closing price, Oct 29 · accounts published Aug 5.
- Valuation: P/E 45.4× (fairly priced).
- Business: ROE 5.0 % (weak).
- Balance sheet: Net debt/EBITDA 4.8× (solid).
- Earnings: 7 of 8 (on track).
What would it be worth at its usual multiples?
At the decade median (41.8×) $85 (-8 %); at its sector median (20.7×) $42 (-54 %). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.
What matters in utilities: 4 of 6 pass
- Regulated ROE (8-12%) 5.0 %, fails.
- Interest coverage 1.3×, fails.
- 5y EPS growth 4.3 %, passes.
- 10y dividend growth 6.2 %, passes.
- Net debt / EBITDA 4.8×, passes.
- Payout Ratio 23.5 %, passes.
Against its peers (reference peers) — Ormat Technologies, Inc.: P/E 45.4×; EV/EBITDA 16.6×; ROIC 2.7 %; $5.7B. Clearway Energy, Inc. (P/E 43.3×; EV/EBITDA 14.0×; ROIC 1.4 %; $6.8B), Brookfield Renewable Partners L.P. (P/E 63.1×; EV/EBITDA 9.6×; ROIC -0.6 %; $8.7B), TXNM Energy, Inc. (P/E 32.5×; EV/EBITDA 6.7×; ROIC 3.8 %; $6.5B).
Expensive or cheap against its last ten years?
P/E at each close: today 45.4× · median 41.8× · minimum 18.9× · maximum 90.2× · cheap below 35.3× · expensive above 62.4×. It has been cheaper than today 59% of the time over its last ten years.
Dividend
tight · Yield 0.49 % ($0.48 per share in 2025) · 5-year growth +2 % a year · Free cash flow coverage -7.8× · With $1,000 invested today you'd collect $4.90 a year ($0.41 a month).
Profitability
| Return on Equity | 4.96% |
| Return on Invested Capital | 2.69% |
| Return on Assets | 1.87% |
| Gross Margin | 27.93% |
| Operating Margin | 14.91% |
| Net Margin | 10.66% |
Financial Health
| Debt / Equity | 1.31 |
| Current Ratio | 1.05 |
| Piotroski F-Score | 4 |
| Altman Z-Score | 1.56 |
Price Performance
| 1 month | +0.80% |
| 3 months | -5.49% |
| Year-to-date | -16.52% |
| 1 year | -12.26% |
| 3 years | +49.85% |
| 5 years | +27.50% |
| 10 years | +92.37% |
Dividend History
Paid in the last 12 months: $0.4800 per share in 4 payments.
| Date | Amount |
|---|---|
| 2026-08-19 | $0.1200 |
| 2026-05-20 | $0.1200 |
| 2026-03-10 | $0.1200 |
| 2025-11-17 | $0.1200 |
| 2025-08-20 | $0.1200 |
| 2025-05-21 | $0.1200 |
| 2025-03-12 | $0.1200 |
| 2024-11-20 | $0.1200 |
| 2024-08-20 | $0.1200 |
| 2024-05-21 | $0.1200 |
Amounts adjusted for stock splits.
Related companies: CMS · CIG-C · BEP · CWEN · IDA · CIG · SWX · TXNM
Explore sector: Utilities · Renewable Utilities
More sections of ORA: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
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