Ormat Technologies (FRA:HNM) ROCE %: 5.26% (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 ROCE %?

Ormat Technologies FRA:HNM -6.07% 85 ROCE % is 5.26% 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.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Ormat Technologies's annualized ROCE % for the quarter that ended in Mar. 2026 was 5.26%.

Ormat Technologies  (FRA:HNM) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Ormat Technologies ROCE % Related Terms

Ormat Technologies ROCE % Historical Data

* Premium members only.

The historical data trend for Ormat Technologies's ROCE % 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 ROCE % Chart

Ormat Technologies Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.13 4.64 5.25 5.22 4.43

Ormat Technologies Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % 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 5.52 4.32 4.12 4.48 5.26
FRA:HNM
85GF Score
Ormat Technologies Inc FRA:HNM
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Ormat Technologies ROCE % Calculation

Ormat Technologies's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=211.45/( ( (5411.244 - 571.164) + (5334.518 - 630.582) )/ 2 )
=211.45/( (4840.08+4703.936)/ 2 )
=211.45/4772.008
=4.43 %

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

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=254.74/( ( (5334.518 - 630.582) + (5858.159 - 875.985) )/ 2 )
=254.74/( ( 4703.936 + 4982.174 )/ 2 )
=254.74/4843.055
=5.26 %

(1) 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 5.26% mean?
Ormat Technologies (FRA:HNM) has a ROCE % of 5.26% as of Mar. 2026.
Is Ormat Technologies' ROCE % too high?
Ormat Technologies' current ROCE % is 5.26%. The Utilities - Independent Power Producers industry median ROCE % is 4.75. Ormat Technologies' value of 5.26% is 10.7% above this industry median. 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' ROCE % compare to MWH and CWEN?
Ormat Technologies' ROCE % of 5.26% can be compared against companies in the Utilities - Independent Power Producers industry. The industry median ROCE % is 4.75. Ormat Technologies' value of 5.26% is 10.7% 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 ROCE % for an Utilities - Independent Power Producers company?
The median ROCE % among Utilities - Independent Power Producers companies is 4.75, based on 437 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ormat Technologies's current ROCE % of 5.26% is 10.7% 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Utilities - Independent Power Producers industry, the median ROCE % is 4.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ormat Technologies's current ROCE % is 5.26%. 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 ROCE % is 5.26% and 10.7% above the Utilities - Independent Power Producers industry median of 4.75. 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 ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Ormat Technologies (FRA:HNM), the current ROCE % is 5.26% 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:

  • ROCE %: 5.26%
  • GF Value™: €90.72 vs. price of €103.70 (14.3% above fair value)
  • GF Score™: 85/100 with 8 warning signs
  • Industry Position: 10.7% above the Utilities - Independent Power Producers median

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

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

€103.70
Price
€90.72
GF Value