Ormat Technologies, Inc. (ORA) Valuation — DCF, Graham & Comparables

Ormat Technologies, Inc. (ORA) — Price $89.69 (closing price, October 30, 2026) — Utilities — Renewable Utilities — NYSE

Latest reported results:

Valuation dashboard for Ormat Technologies, Inc. (ORA) with P/E 44.18, P/B 2.25, EV/EBITDA 16.62 and dividend yield 0.51%. DCF, Graham Number, EPS growth, peer multiples and dividend discount models plus sector comparison against other Utilities companies.

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.

Analysis Summary

Ormat Technologies, Inc. reported revenue of $989.5M in the most recent fiscal year, growing at a 5-year CAGR of 7.0%. Net income reached $123.9M, with a 7.7% 5-year CAGR.

Trailing-twelve-month margins: gross margin 27.9%, operating margin 14.9%, net margin 10.7%.

At $89.69 (closing price, October 30, 2026), ORA trades at a P/E of 44.18 and an ROE of 4.96%. Market capitalisation stands at $5.5B.

Balance sheet quality for ORA: current ratio of 0.8. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.

Valuation Ratios

P/E Ratio44.18
Price / Book2.25
EV / EBITDA16.62
Dividend Yield0.51%

Valuation Models

DCF Fair Value$-127.91
vs Current Price-242.6%

Peer Comparison

SymbolCompanyMarket CapP/EP/BROE
ORAOrmat Technologies, Inc.$5.5B44.182.255.0%
CMSCMS Energy Corporation$22.0B24.602.269.2%
CIG-CCompanhia Energética de Minas Gerais$8.8B9.101.4415.9%
BEPBrookfield Renewable Partners L.P.$8.6B62.281.962.6%
CWENClearway Energy, Inc.$6.6B42.140.712.0%
IDAIDACORP, Inc.$8.4B22.332.069.9%
CIGCompanhia Energética de Minas Gerais$5.2B6.111.6115.9%
SWXSouthwest Gas Holdings, Inc.$6.7B12.981.6512.9%

Price

Price$89.69 (closing price, October 30, 2026)
Market Cap$5.5B
ExchangeNYSE
CountryUS

Profitability

Return on Equity4.96%
Return on Invested Capital2.69%
Return on Assets1.87%
Gross Margin27.93%
Operating Margin14.91%
Net Margin10.66%

Related companies: CMS · CIG-C · BEP · CWEN · IDA · CIG · SWX · TXNM

Explore sector: Utilities · Renewable Utilities

More sections of ORA: Overview · Financials · Statistics · Estimates · Technical · Ownership · News · Events

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