Ormat TechnologiesORA -0.54%86 Forward PE Ratio is 46.81 as of Jul. 11, 2026. GuruFocus rates ORA with a GF Score™ of 86/100 and a GF Value™ of $101.57 (Fairly Valued). The stock has 8 warning signs investors should review. Among 204 Utilities - Independent Power Producers companies, Ormat Technologies ranks worse than 90.69% on this metric.
Ormat Technologies (NYSE:ORA) Forward PE Ratio Explanation
The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.
Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .
Ormat Technologies Forward PE Ratio Related Terms
Ormat Technologies Forward PE Ratio Historical Data
* Premium members only.
The historical data trend for Ormat Technologies's Forward PE Ratio 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 Forward PE Ratio Chart
Ormat Technologies Annual Data
Trend
2015-12
2016-12
2017-12
2018-12
2019-12
2020-12
2021-12
2022-12
2023-12
2024-12
2025-12
Forward PE Ratio
21.01
25.06
25.77
24.51
34.97
45.45
45.25
50.00
31.45
30.16
45.85
Ormat Technologies Quarterly Data
2015-12
2016-03
2016-06
2016-09
2016-12
2017-03
2017-06
2017-09
2017-12
2018-03
2018-06
2018-09
2018-12
2019-03
2019-06
2019-09
2019-12
2020-03
2020-06
2020-09
2020-12
2021-03
2021-06
2021-09
2021-12
2022-03
2022-06
2022-09
2022-12
2023-03
2023-06
2023-09
2023-12
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
Forward PE Ratio
21.01
22.73
21.23
24.10
25.06
25.13
25.51
24.63
25.77
23.98
23.47
24.51
24.51
28.25
36.10
31.95
34.97
33.56
34.13
27.70
45.45
51.28
53.19
35.21
45.25
60.61
59.52
51.02
50.00
47.85
40.49
27.40
31.45
31.35
36.90
27.10
30.16
34.24
39.56
40.28
45.85
48.38
ORA vs MWH, CWEN, FRVO: Forward PE Ratio Comparison
For the Utilities - Renewable subindustry, Ormat Technologies's Forward PE Ratio, along with its competitors' market caps and Forward PE Ratio 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 Forward PE Ratio vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Ormat Technologies's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Ormat Technologies's Forward PE Ratio falls into.
It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.
Ormat Technologies (ORA) has a Forward PE Ratio of 46.81 as of Jul. 11, 2026. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Ormat Technologies and its competitors. According to the industry distribution chart, Ormat Technologies ranks #185 out of 204 companies in the Utilities - Independent Power Producers industry, placing it in the top 90.7%.
Is Ormat Technologies' Forward PE Ratio too high?
Ormat Technologies' current Forward PE Ratio is 46.81. The Utilities - Independent Power Producers industry median Forward PE Ratio is 15.00. Ormat Technologies' value of 46.81 is 212.1% above this industry median. Based on the distribution chart, Ormat Technologies ranks #185 out of 204 companies in the Utilities - Independent Power Producers industry, which is in the bottom quartile relative to peers. 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' Forward PE Ratio compare to MWH and CWEN?
According to the Utilities - Independent Power Producers industry distribution chart, Ormat Technologies ranks #185 out of 204 companies for Forward PE Ratio. This places Ormat Technologies in the lower half of its industry. The industry median Forward PE Ratio is 15.00. Ormat Technologies' value of 46.81 is 212.1% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward PE Ratio for an Utilities - Independent Power Producers company?
The median Forward PE Ratio among Utilities - Independent Power Producers companies is 15.00, based on 204 companies in the industry. Companies in the top quartile (top 25%) have a Forward PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Forward PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ormat Technologies's current Forward PE Ratio of 46.81 is 212.1% 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 Forward PE Ratio mean?
A high Forward PE Ratio can signal that a stock is expensive relative to its fundamentals. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Ormat Technologies and its competitors. For the Utilities - Independent Power Producers industry, the median Forward PE Ratio is 15.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ormat Technologies's current Forward PE Ratio is 46.81. 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 $101.57, compared to a current price of $109.77 — trading 8.1% above its estimated fair value. The current Forward PE Ratio is 46.81 and 212.1% above the Utilities - Independent Power Producers industry median of 15.00. 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 Forward PE Ratio calculated?
Forward PE Ratio is calculated from a company's financial statements. For Ormat Technologies (ORA), the current Forward PE Ratio is 46.81 as of Jul. 11, 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 overvalued.
The current stock price of $109.77 is trading 8.1% above its estimated GF Value™ of $101.57.
GuruFocus considers Ormat Technologies to be Fairly Valued.
Key valuation signals for ORA:
Forward PE Ratio: 46.81
GF Value™: $101.57 vs. price of $109.77 (8.1% above fair value)
Industry Position: 212.1% above the Utilities - Independent Power Producers median (#185 of 204)
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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