The PE ratio for Ormat Technologies stock stands at 34.27 as of Jul 25, 2024. This results from the current EPS of $2.22 and stock price of $76.09. A decrease of 12% has been recorded in the PE ratio compared to the average of 39.1 of the last four quarters.
Over the last ten years, the average PE ratio of Ormat Technologies has been 39.42. The current 34.27 P/E ratio is 13% 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.
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's current P/E ratio is lower than the 3, 5 and 10-year averages.
ORA's PE ratio stands higher than its peer stocks EIX and NRG.
Stock name | PE ratio | Market cap |
---|---|---|
NRG Nrg Energy Inc | 10.44 | $15.37B |
AES Aes Corp | 23.05 | $12.45B |
EIX Edison International | 31.53 | $30.32B |
ORA Ormat Technologies Inc | 35.21 | $4.72B |
The price to earnings ratio for ORA stock is 34.27 as of Jul 25, 2024.
The 3-year average price to earnings ratio for ORA stock is 57.55.
The 5-year average price to earnings ratio for ORA stock is 52.87.
Over the last ten years, the quarterly PE ratio reached a historic high of 73.91 in the Dec 2022 quarter.
ORA's price to earnings ratio is currently 13% below its 10-year historical average.
You can calculate the P/E ratio by dividing the most recent stock price by the trailing twelve months EPS. As of today (Jul 25, 2024), Ormat Technologies's stock price is $76.09. The earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $2.22. Therefore, Ormat Technologies's PE ratio for today is 34.27. PE RATIO(34.27) = STOCK PRICE($76.09) / TTM EPS($2.22)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.