ORA (Ormat Technologies) Scaled Net Operating Assets: 0.88 (As of Mar. 2026)


ORA Ormat Technologies Inc ORA
85 GF Score
Price $116.47
GF Value $101.58
Valuation Modestly Overvalued
! 8 Warning Signs
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What is Ormat Technologies Scaled Net Operating Assets?

Ormat Technologies ORA -2.97% 85 Scaled Net Operating Assets is 0.88 as of Mar. 2026. GuruFocus rates ORA with a GF Score™ of 85/100 and a GF Value™ of $101.58 (Modestly Overvalued). The stock has 8 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Ormat Technologies's operating assets for the quarter that ended in Mar. 2026 was $6,118 Mil. Ormat Technologies's operating liabilities for the quarter that ended in Mar. 2026 was $642 Mil. Ormat Technologies's Total Assets for the quarter that ended in Dec. 2025 was $6,247 Mil. Therefore, Ormat Technologies's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.88.


Ormat Technologies Scaled Net Operating Assets Historical Data

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The historical data trend for Ormat Technologies's Scaled Net Operating Assets 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 Scaled Net Operating Assets Chart

Ormat Technologies Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.94 0.90 0.95 0.94 0.95

Ormat Technologies Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Scaled Net Operating Assets 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 0.90 0.90 0.89 0.89 0.88

ORA vs MWH, CWEN, FRVO: Scaled Net Operating Assets Comparison

For the Utilities - Renewable subindustry, Ormat Technologies's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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 Scaled Net Operating Assets vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Ormat Technologies's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Ormat Technologies's Scaled Net Operating Assets falls into.


ORA
85GF Score
Ormat Technologies Inc ORA
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Ormat Technologies Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Ormat Technologies's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(6099.06-698.276)/5666.224
=0.95

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=6246.508 - 147.448
=6099.06

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3555.232 - 2366.484 - 490.472
=698.276

Ormat Technologies's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(6117.793-642.157)/6246.508
=0.88

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=6772.438 - 654.645
=6117.793

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4053.89 - 2594.999 - 816.734
=642.157

* 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 Scaled Net Operating Assets of 0.88 mean?
Ormat Technologies (ORA) has a Scaled Net Operating Assets of 0.88 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Ormat Technologies and its competitors.
Is Ormat Technologies' Scaled Net Operating Assets too high?
Ormat Technologies' current Scaled Net Operating Assets is 0.88. 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' Scaled Net Operating Assets compare to MWH and CWEN?
Ormat Technologies' Scaled Net Operating Assets of 0.88 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 Scaled Net Operating Assets for an Utilities - Independent Power Producers company?
A good Scaled Net Operating Assets depends on the Utilities - Independent Power Producers industry context. However, Scaled Net Operating Assets 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 Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Ormat Technologies and its competitors. Ormat Technologies's current Scaled Net Operating Assets is 0.88. 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 $101.58, compared to a current price of $116.47 — trading 14.7% above its estimated fair value. The current Scaled Net Operating Assets is 0.88. 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 Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Ormat Technologies (ORA), the current Scaled Net Operating Assets is 0.88 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 $116.47 is trading 14.7% above its estimated GF Value™ of $101.58. GuruFocus considers Ormat Technologies to be Modestly Overvalued.

Key valuation signals for ORA:

  • Scaled Net Operating Assets: 0.88
  • GF Value™: $101.58 vs. price of $116.47 (14.7% above fair value)
  • GF Score™: 85/100 with 8 warning signs

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

$116.47
Price
$101.58
GF Value