Ormat Technologies (FRA:HNM) EBIT: €214 Mil (TTM As of Mar. 2026)


FRA:HNM Ormat Technologies Inc FRA:HNM
85 GF Score
Price €103.70
GF Value €90.72
Valuation Modestly Overvalued
! 8 Warning Signs
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What is Ormat Technologies EBIT?

Ormat Technologies FRA:HNM -6.07% 85 EBIT is €214 Mil as of Mar. 2026. GuruFocus rates FRA:HNM with a GF Score™ of 85/100 and a GF Value™ of €90.72 (Modestly Overvalued). The stock has 8 warning signs investors should review.

Ormat Technologies's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was €64 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was €214 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Ormat Technologies's annualized ROC % for the quarter that ended in Mar. 2026 was 5.74%. Ormat Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 6.03%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Ormat Technologies's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 2.42%.

Ormat Technologies  (FRA:HNM) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Ormat Technologies's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=312.952 * ( 1 - 0% )/( (5274.771 + 5633.055)/ 2 )
=312.952/5453.913
=5.74 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=5334.518 - 179.834 - ( 125.921 - max(0, 630.582 - 510.495+125.921))
=5274.771

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=5858.159 - 164.964 - ( 566.268 - max(0, 875.985 - 936.125+566.268))
=5633.055

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Ormat Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=254.74/( ( (4071.179 + max(115.874, 0)) + (4125.115 + max(142.388, 0)) )/ 2 )
=254.74/( ( 4187.053 + 4267.503 )/ 2 )
=254.74/4227.278
=6.03 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(140.715 + 38.659 + 148.219) - (179.834 + 31.886 + -0.00099999999997635)
=115.874

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(147.843 + 39.41 + 124.645) - (164.964 + 4.546 + -1.1368683772162E-13)
=142.388

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Ormat Technologies's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=214.23/8835.286
=2.42 %

* 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 EBIT Related Terms

Ormat Technologies EBIT Historical Data

* Premium members only.

The historical data trend for Ormat Technologies's EBIT 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.

Ormat Technologies EBIT Chart

Ormat Technologies Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 164.80 173.08 218.22 238.19 211.45

Ormat Technologies Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 66.67 50.84 47.41 52.29 63.69

FRA:HNM vs MWH, CWEN, FRVO: EBIT Comparison

For the Utilities - Renewable subindustry, Ormat Technologies's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 EV-to-EBIT vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Ormat Technologies's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Ormat Technologies's EV-to-EBIT falls into.


FRA:HNM
85GF Score
Ormat Technologies Inc FRA:HNM
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Ormat Technologies EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €214 Mil.

* 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of €214 Mil mean?
Ormat Technologies (FRA:HNM) has a EBIT of €214 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Ormat Technologies.
Is Ormat Technologies' EBIT too high?
Ormat Technologies' current EBIT is €214 Mil. Overall, Ormat Technologies has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ormat Technologies' EBIT compare to MWH and CWEN?
Ormat Technologies' EBIT of €214 Mil can be compared against companies in the Utilities - Independent Power Producers industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for an Utilities - Independent Power Producers company?
A good EBIT depends on the Utilities - Independent Power Producers industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Ormat Technologies. Ormat Technologies's current EBIT is €214 Mil. 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 (FRA:HNM) is currently considered Modestly Overvalued. The stock's GF Value™ is €90.72, compared to a current price of €103.70 — trading 14.3% above its estimated fair value. The current EBIT is €214 Mil. Ormat Technologies' overall GF Score™ is 85/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Ormat Technologies (FRA:HNM), the current EBIT is €214 Mil 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 (FRA:HNM) Overvalued in 2026?

Based on GuruFocus' analysis, Ormat Technologies stock appears to be overvalued. The current stock price of €103.70 is trading 14.3% above its estimated GF Value™ of €90.72. GuruFocus considers Ormat Technologies to be Modestly Overvalued.

Key valuation signals for FRA:HNM:

  • EBIT: €214 Mil
  • GF Value™: €90.72 vs. price of €103.70 (14.3% above fair value)
  • GF Score™: 85/100 with 8 warning signs

No single metric tells the full story. See the FRA:HNM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Ormat Technologies Business Description

Address 6884 Sierra Center Parkway, Reno, NV, USA, 89511-2210
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.
85GF Score

Get the complete analysis for FRA:HNM

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€103.70
Price
€90.72
GF Value