P/E ratio for Ormat Technologies (ORA)
P/E ratio as of April 2024 (TTM): 42.0
According to Ormat Technologies 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 42.0452. At the end of 2022 the company had a P/E ratio of 73.9.
P/E ratio history for Ormat Technologies from 2004 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 73.9 | 3.46% |
| 2021 | 71.4 | 31.36% |
| 2020 | 54.4 | 26.99% |
| 2019 | 42.8 | 58.04% |
| 2018 | 27.1 | -8.87% |
| 2017 | 29.7 | 4.82% |
| 2016 | 28.4 | 89.81% |
| 2015 | 14.9 | -35.11% |
| 2014 | 23.0 | -22.97% |
| 2013 | 29.9 | -807.2% |
| 2012 | -4.23 | -77.72% |
| 2011 | -19.0 | -152.61% |
| 2010 | 36.1 | 43.95% |
| 2009 | 25.1 | -22.16% |
| 2008 | 32.2 | -58.45% |
| 2007 | 77.5 | 108.32% |
| 2006 | 37.2 | -31.71% |
| 2005 | 54.5 | 127.47% |
| 2004 | 23.9 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 AES AES | -20.2 | -147.93% | 🇺🇸 USA |
 Edison International
EIX | 22.0 | -47.67% | 🇺🇸 USA |
 NRG Energy
NRG | -9.28 | -122.08% | 🇺🇸 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.