Ormat Technologies
ORA
#2863
Rank
$4.54 B
Marketcap
$75.21
Share price
1.73%
Change (1 day)
-11.04%
Change (1 year)

P/E ratio for Ormat Technologies (ORA)

P/E ratio as of July 2024 (TTM): 48.5

According to Ormat Technologies 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 48.5226. 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
202273.93.46%
202171.431.36%
202054.426.99%
201942.858.04%
201827.1-8.87%
201729.74.82%
201628.489.81%
201514.9-35.11%
201423.0-22.97%
201329.9-807.2%
2012-4.23-77.72%
2011-19.0-152.61%
201036.143.95%
200925.1-22.16%
200832.2-58.45%
200777.5108.32%
200637.2-31.71%
200554.5127.47%
200423.9

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
-20.6-142.48%๐Ÿ‡บ๐Ÿ‡ธ USA
23.4-51.87%๐Ÿ‡บ๐Ÿ‡ธ USA
-9.98-120.57%๐Ÿ‡บ๐Ÿ‡ธ USA
N/AN/A๐Ÿ‡บ๐Ÿ‡ธ 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.