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Ormat TechnologiesORA -4.28%86 Debt-to-Equity is 1.33 as of Mar. 2026, which is 39% above its 10-year median of 0.96. GuruFocus rates ORA with a GF Score™ of 86/100 and a GF Value™ of $101.61 (Fairly Valued). The stock has 8 warning signs investors should review. Among 395 Utilities - Independent Power Producers companies, Ormat Technologies ranks worse than 63.29% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Ormat Technologies's Debt-to-Equity or its related term are showing as below:
ORA'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.75 Med: 0.96 Max: 1.33
Current: 1.33
During the past 13 years, the highest Debt-to-Equity Ratio of Ormat Technologies was 1.33. The lowest was 0.75. And the median was 0.96.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Ormat Technologies Debt-to-Equity Related Terms
Ormat Technologies Debt-to-Equity Historical Data
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The historical data trend for Ormat Technologies's Debt-to-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Utilities - Renewable subindustry, Ormat Technologies's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Ormat Technologies Debt-to-Equity vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Ormat Technologies's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Ormat Technologies's Debt-to-Equity falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Ormat Technologies (ORA) has a Debt-to-Equity of 1.33 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Ormat Technologies and its competitors. This is 39% above median its historical median of 0.96. Over the past decade, Ormat Technologies' Debt-to-Equity has ranged from 0.75 to 1.33. According to the industry distribution chart, Ormat Technologies ranks #250 out of 395 companies in the Utilities - Independent Power Producers industry, placing it in the top 63.3%.
Is Ormat Technologies' Debt-to-Equity too high?
Ormat Technologies' current Debt-to-Equity of 1.33 is 39% above median its 10-year median of 0.96. Over the past 10 years, this metric has ranged from a low of 0.75 to a high of 1.33. The Utilities - Independent Power Producers industry median Debt-to-Equity is 0.85. Ormat Technologies' value of 1.33 is 56.5% above this industry median. Based on the distribution chart, Ormat Technologies ranks #250 out of 395 companies in the Utilities - Independent Power Producers industry, which is below the industry midpoint. Overall, Ormat Technologies has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ormat Technologies' Debt-to-Equity compare to MWH and CWEN?
According to the Utilities - Independent Power Producers industry distribution chart, Ormat Technologies ranks #250 out of 395 companies for Debt-to-Equity. This places Ormat Technologies in the lower half of its industry. The industry median Debt-to-Equity is 0.85. Ormat Technologies' value of 1.33 is 56.5% above this benchmark. Historically, Ormat Technologies' own Debt-to-Equity has ranged from 0.75 to 1.33 over the past decade. While the company's 10-year median is 0.96 vs. the industry median of 0.85, Ormat Technologies has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for an Utilities - Independent Power Producers company?
The median Debt-to-Equity among Utilities - Independent Power Producers companies is 0.85, based on 395 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ormat Technologies's current Debt-to-Equity of 1.33 is 56.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Ormat Technologies and its competitors. For the Utilities - Independent Power Producers industry, the median Debt-to-Equity is 0.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ormat Technologies's current Debt-to-Equity is 1.33, which is 39% above median its own 10-year median of 0.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ormat Technologies stock overvalued right now?
Based on GuruFocus' analysis, Ormat Technologies (ORA) is currently considered Fairly Valued. The stock's GF Value™ is $101.61, compared to a current price of $99.40 — trading 2.2% below its estimated fair value. The current Debt-to-Equity is 1.33, which is 39% above median its 10-year median of 0.96 and 56.5% above the Utilities - Independent Power Producers industry median of 0.85. Ormat Technologies' overall GF Score™ is 86/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Ormat Technologies (ORA), the current Debt-to-Equity is 1.33 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Ormat Technologies (ORA) Overvalued in 2026?
Based on GuruFocus' analysis, Ormat Technologies stock appears to be undervalued.
The current stock price of $99.40 is trading 2.2% below its estimated GF Value™ of $101.61.
GuruFocus considers Ormat Technologies to be Fairly Valued.
Key valuation signals for ORA:
Debt-to-Equity: 1.33 (39% above median its 10-year median of 0.96)
GF Value™: $101.61 vs. price of $99.40 (2.2% below fair value)
Industry Position: 56.5% above the Utilities - Independent Power Producers median (#250 of 395)
No single metric tells the full story. See the ORA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ormat Technologies Inc is engaged in the geothermal and recovered energy power business. It is engaged in three business segments: the Electricity Segment. where the company develops, builds, owns, and operates geothermal, solar PV, and recovered energy-based power plants in the United States and geothermal power plants in other countries and sells the electricity generated. Product Segment includes designing, manufacturing, and selling equipment for geothermal and recovered energy-based electricity generation and providing services relating to the engineering, procurement, and construction of geothermal & recovered energy-based power plants. Energy Storage Segment includes owning & operating grid-connected which provide capacity, energy, & ancillary services directly to the electric grid.
86GF Score
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