The PE ratio for Ormat Technologies stock stands at 32.3 as of May 3, 2024. This results from the current EPS of $2.09 and stock price of $67.5. A decrease of 32% has been recorded in the PE ratio compared to the average of 47.3 of the last four quarters.
Over the last ten years, the average PE ratio of Ormat Technologies has been 39.3. The current 32.3 P/E ratio is 18% 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 AES.
| Stock name | PE ratio | Market cap |
|---|---|---|
| AES Aes Corp | 24.57 | $13.27B |
| EIX Edison International | 31.87 | $27.83B |
| ORA Ormat Technologies Inc | 32.3 | $4.07B |
| NRG Nrg Energy Inc | N/A | $15.94B |
The price to earnings ratio for ORA stock is 32.3 as of May 3, 2024.
The 3-year average price to earnings ratio for ORA stock is 60.11.
The 5-year average price to earnings ratio for ORA stock is 53.22.
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 18% 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 (May 3, 2024), Ormat Technologies's stock price is $67.5. The earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $2.09. Therefore, Ormat Technologies's PE ratio for today is 32.3. PE RATIO(32.3) = STOCK PRICE($67.5) / TTM EPS($2.09)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.