Ormat TechnologiesORA +1.46%86 ROC (Joel Greenblatt) % is 5.99% as of Mar. 2026, which is 21% below its 10-year median of 7.58. GuruFocus rates ORA with a GF Score™ of 86/100 and a GF Value™ of $101.57 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 435 Utilities - Independent Power Producers companies, Ormat Technologies ranks worse than 54.94% on this metric.
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits). He defines ROC (Joel Greenblatt) % as EBIT divided by the total of Property, Plant and Equipment and net working capital. Ormat Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 5.99%.
The historical rank and industry rank for Ormat Technologies's ROC (Joel Greenblatt) % or its related term are showing as below:
ORA'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 5.2 Med: 7.58 Max: 11.28
Current: 5.2
During the past 13 years, Ormat Technologies's highest ROC (Joel Greenblatt) % was 11.28%. The lowest was 5.20%. And the median was 7.58%.
The way Joel Greenblatt defines Return on Capital is a more accurate measure of how efficiently the company generates returns onthe capital actually invested in the business. EBIT is used instead of net income because the tax and interest payment may be affected by factors other than the core business operation. Intangible assets are not included in the calculation because they don't need to be replaced.
Ormat Technologies ROC (Joel Greenblatt) % Related Terms
Ormat Technologies ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Ormat Technologies's ROC (Joel Greenblatt) % 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.
ORA vs MWH, CWEN, FRVO: ROC (Joel Greenblatt) % Comparison
For the Utilities - Renewable subindustry, Ormat Technologies's ROC (Joel Greenblatt) %, along with its competitors' market caps and ROC (Joel Greenblatt) % 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 ROC (Joel Greenblatt) % vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Ormat Technologies's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Ormat Technologies's ROC (Joel Greenblatt) % falls into.
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits) . He defines Return on Capital as follows:
EBIT stands for Earnings Before Interest and Taxes.
Fixed Assets are also known as non-current assets. They include the Property, Plant and Equipment that the firm needs in its operation.
GuruFocus calculates net working capital as: (Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Deferred Revenue + Other Current Liabilities). We're trying to account for OPERATING assets and liabilities (part of daily business) when calculating working capital. Cash and marketable securities are considered NON-OPERATING assets and are not included in calculation. We will also back out all interest bearing debt, short term debt and the portion of long term debt that is due in the current period from the current liabilities. This debt will be considered when computing cost of capital and it would be inappropriate to count it twice.
Note:
The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.
* 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.
What does a ROC (Joel Greenblatt) % of 5.99% mean?
Ormat Technologies (ORA) has a ROC (Joel Greenblatt) % of 5.99% as of Mar. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Ormat Technologies and its competitors. This is 21% below median its historical median of 7.58. Over the past decade, Ormat Technologies' ROC (Joel Greenblatt) % has ranged from 5.20 to 11.28. According to the industry distribution chart, Ormat Technologies ranks #239 out of 435 companies in the Utilities - Independent Power Producers industry, placing it in the top 54.9%.
Is Ormat Technologies' ROC (Joel Greenblatt) % too high?
Ormat Technologies' current ROC (Joel Greenblatt) % of 5.99% is 21% below median its 10-year median of 7.58. Over the past 10 years, this metric has ranged from a low of 5.20 to a high of 11.28. The Utilities - Independent Power Producers industry median ROC (Joel Greenblatt) % is 6.58. Ormat Technologies' value of 5.99% is 9% below this industry median. Based on the distribution chart, Ormat Technologies ranks #239 out of 435 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 Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ormat Technologies' ROC (Joel Greenblatt) % compare to MWH and CWEN?
According to the Utilities - Independent Power Producers industry distribution chart, Ormat Technologies ranks #239 out of 435 companies for ROC (Joel Greenblatt) %. This places Ormat Technologies in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 6.58. Ormat Technologies' value of 5.99% is 9% below this benchmark. Historically, Ormat Technologies' own ROC (Joel Greenblatt) % has ranged from 5.20 to 11.28 over the past decade. While the company's 10-year median is 7.58 vs. the industry median of 6.58, Ormat Technologies has consistently been below 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 ROC (Joel Greenblatt) % for an Utilities - Independent Power Producers company?
The median ROC (Joel Greenblatt) % among Utilities - Independent Power Producers companies is 6.58, based on 435 companies in the industry. Companies in the top quartile (top 25%) have a ROC (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, ROC (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ormat Technologies's current ROC (Joel Greenblatt) % of 5.99% is 9% below 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 ROC (Joel Greenblatt) % mean?
A high ROC (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Ormat Technologies and its competitors. For the Utilities - Independent Power Producers industry, the median ROC (Joel Greenblatt) % is 6.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ormat Technologies's current ROC (Joel Greenblatt) % is 5.99%, which is 21% below median its own 10-year median of 7.58. 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 Modestly Overvalued. The stock's GF Value™ is $101.57, compared to a current price of $112.56 — trading 10.8% above its estimated fair value. The current ROC (Joel Greenblatt) % is 5.99%, which is 21% below median its 10-year median of 7.58 and 9% below the Utilities - Independent Power Producers industry median of 6.58. 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 ROC (Joel Greenblatt) % calculated?
ROC (Joel Greenblatt) % is calculated from a company's financial statements. For Ormat Technologies (ORA), the current ROC (Joel Greenblatt) % is 5.99% 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 overvalued.
The current stock price of $112.56 is trading 10.8% above its estimated GF Value™ of $101.57.
GuruFocus considers Ormat Technologies to be Modestly Overvalued.
Key valuation signals for ORA:
ROC (Joel Greenblatt) %: 5.99% (21% below median its 10-year median of 7.58)
GF Value™: $101.57 vs. price of $112.56 (10.8% above fair value)
Industry Position: 9% below the Utilities - Independent Power Producers median (#239 of 435)
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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