P/E ratio for Ormat Technologies (ORA)
P/E ratio as of May 2023 (TTM): 72.6
According to Ormat Technologies 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 72.5812. At the end of 2021 the company had a P/E ratio of 71.4.
P/E ratio history for Ormat Technologies from 2005 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 71.4 | 31.36% |
| 2020 | 54.4 | 26.99% |
| 2019 | 42.8 | 58.04% |
| 2018 | 27.1 | 9.35% |
| 2017 | 24.8 | -12.18% |
| 2016 | 28.2 | 88.81% |
| 2015 | 14.9 | -34.56% |
| 2014 | 22.8 | -17.74% |
| 2013 | 27.8 | -756.69% |
| 2012 | -4.23 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 AES AES | -25.8 | -135.55% | 🇺🇸 USA |
 Edison International
EIX | 49.3 | -32.01% | 🇺🇸 USA |
 NRG Energy
NRG | 8.93 | -87.69% | 🇺🇸 USA |
 Covanta CVA | N/A | N/A | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.