ORA Ormat Technologies PE ratio, current and historical analysis
The PE ratio for Ormat Technologies stock stands at 36.22 as of Oct 22, 2024. This results from the current EPS of $2.19 and stock price of $79.33. An increase of 6% has been recorded in the PE ratio compared to the average of 34.3 of the last four quarters.
ORA PE ratio history
Over the last ten years, the average PE ratio of Ormat Technologies has been 39.7. The current 36.22 P/E ratio is 9% lower than the historical average. In the past ten years, ORA's PE ratio peaked in the Dec 2022 quarter at 73.91, with a price of $86.48 and an EPS of $1.17. The Jun 2016 quarter marked the lowest point at 14.44, with a price of $43.76 and an EPS of $3.03.
Ormat Technologies PE ratio by year
Maximum annual increase: 103.67% in 2016
Maximum annual decrease: -50.94% in 2023
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 36.26 | -50.94% |
| 2022 | 73.91 | 3.46% |
| 2021 | 71.44 | 31.35% |
| 2020 | 54.39 | 26.25% |
| 2019 | 43.08 | 58.97% |
| 2018 | 27.1 | 11.84% |
| 2017 | 24.23 | -19.13% |
| 2016 | 29.96 | 103.67% |
| 2015 | 14.71 | -35.6% |
| 2014 | 22.84 | -23.61% |
ORA average PE ratio chart
ORA's current P/E ratio is lower than the 3, 5 and 10-year averages.
ORA PE vs peers
ORA's PE ratio stands higher than its peer stocks EIX and NRG.
| Stock name | PE ratio | Market cap |
|---|---|---|
| NRG Nrg Energy Inc | 9.46 | $18.11B |
| AES Aes Corp | 15.67 | $12.14B |
| EIX Edison International | 34.53 | $33.2B |
| ORA Ormat Technologies Inc | 35.84 | $4.74B |
Frequently asked questions
What is Ormat Technologies's PE ratio?
The price to earnings ratio for ORA stock is 36.22 as of Oct 22, 2024.
What is the 3-year average PE ratio for Ormat Technologies (ORA)?
The 3-year average price to earnings ratio for ORA stock is 55.31.
What is the 5-year average PE ratio for Ormat Technologies (ORA)?
The 5-year average price to earnings ratio for ORA stock is 52.47.
What is the highest PE ratio for ORA?
Over the last ten years, the quarterly PE ratio reached a historic high of 73.91 in the Dec 2022 quarter.
How does the current PE ratio for ORA compare to its historical average?
ORA's price to earnings ratio is currently 9% below its 10-year historical average.
How is ORA's PE ratio calculated (Ormat Technologies PE ratio formula)?
You can calculate the P/E ratio by dividing the most recent stock price by the trailing twelve months EPS. As of today (Oct 22, 2024), Ormat Technologies's stock price is $79.33. The earnings per share for the trailing twelve months (TTM) ending Jun 2024 is $2.19. Therefore, Ormat Technologies's PE ratio for today is 36.22. PE RATIO(36.22) = STOCK PRICE($79.33) / TTM EPS($2.19)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.