ORA Ormat Technologies PE ratio, current and historical analysis
The PE ratio for Ormat Technologies stock stands at 40.65 as of Nov 21, 2024. This results from the current EPS of $1.97 and stock price of $80.08. An increase of 18% has been recorded in the PE ratio compared to the average of 34.5 of the last four quarters.
ORA PE ratio history
Over the last ten years, the average PE ratio of Ormat Technologies has been 39.69. The current 40.65 P/E ratio is 2.4% higher 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 above the 10-year average, but it is lower than the 3 and 5-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 |
|---|---|---|
| AES Aes Corp | 9.08 | $9.42B |
| NRG Nrg Energy Inc | 23.86 | $19.63B |
| EIX Edison International | 25.46 | $33.72B |
| ORA Ormat Technologies Inc | 40.65 | $4.84B |
Frequently asked questions
What is Ormat Technologies's PE ratio?
The price to earnings ratio for ORA stock is 40.65 as of Nov 21, 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 53.96.
What is the 5-year average PE ratio for Ormat Technologies (ORA)?
The 5-year average price to earnings ratio for ORA stock is 51.8.
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 2.4% above 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 (Nov 21, 2024), Ormat Technologies's stock price is $80.08. The earnings per share for the trailing twelve months (TTM) ending Sep 2024 is $1.97. Therefore, Ormat Technologies's PE ratio for today is 40.65. PE RATIO(40.65) = STOCK PRICE($80.08) / TTM EPS($1.97)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.