US · USD
ORA
Ormat Technologies Inc
- Day's range
- $89.69 – $92.42
- Day's volume
- $57.7M
- 52-week range
- $89.66 – $144.94
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Create a free accountORA in numbers
- Market cap
- $5.5B
- P/E
- 42.65
- P/B
- 2.13
- Dividend yield (12m)
- 0.53%
- Net debt/EBITDA
- -0.82
The 12-month dividend yield of ORA is 0.53%, below its 5-year average of 0.59%.
ORA price history
ORA risk and return
Monthly closes adjusted for splits and distributions.
| Metric | 12 months | 36 months | 60 months |
|---|---|---|---|
| Return | -20.07% | +35.73% | +22.48% |
| Volatility (annualized) | 41.50% | 33.10% | 30.61% |
| Largest drawdown | -34.37% | -34.37% | -34.37% |
| Positive months | 6/12 | 24/36 | 37/60 |
How much did investing in ORA return?
$1,000.00 invested on 11/01/2021 would be worth $1,224.75 today.
- Value today in ORA
- $1,224.75
- Return over the period
- +22.48%
- Return per year
- +4.20%
- In the S&P 500
- $1,708.29
With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.
ORA fundamentals
Valuation
- P/E42.65
- P/B2.13
- EV/EBITDA10.12
- EV/EBIT25.93
- EV/Revenue4.31
- P/EBIT28.02
- P/S4.66
- P/OCF19.80
- P/FCF-20.90
- Earnings yield3.86%
- PEG ratio—
- Earnings per share$2.11
- Book value per share$42.24
Debt
- Net debt-$413.8M
- Net debt/EBITDA-0.82
- Net debt/Equity-0.16
- Debt/Equity0.04
- Current ratio1.05
- Quick ratio1.00
- Cash ratio0.53
Efficiency
- Gross margin27.93%
- EBITDA margin42.55%
- Operating margin16.61%
- Net margin10.92%
- Asset turnover0.18
Profitability
- ROE4.99%
- ROA1.91%
- ROIC9.04%
- Payout22.75%
Growth
- Revenue CAGR (5 years)12.77%
- Earnings CAGR (5 years)14.94%
- Revenue growth (year)—
- Earnings growth (year)—
- Revenue growth (quarter)—
- Earnings growth (quarter)—
What is ORA's fair price?
Two classic value formulas, with today's numbers. The current price is $89.97.
- Graham's fair price
- $44.78
- 50.23% below the price
√(22.50 × $2.11 × $42.24)
Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.
- Bazin's ceiling price
- $8.00
- 91.11% below the price
$0.48 (5-year average) ÷ 6%
Décio Bazin only bought stocks yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years over 6%.
Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.
ORA's indicators by year
Multiples at each year's closing price; margins and returns from that year's statements.
| Indicator | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| P/E | 52.93 | 31.22 | 34.36 | 62.36 | 58.43 | 59.14 | 43.17 | 27.07 |
| P/B | 2.64 | 1.69 | 1.98 | 2.60 | 2.40 | 2.80 | 2.73 | 2.01 |
| EV/EBITDA | 20.23 | 14.81 | 16.53 | 19.36 | 17.40 | 16.40 | 14.45 | 12.10 |
| Dividend yield | 0.43% | 0.71% | 0.63% | 0.56% | 0.61% | 0.49% | 0.59% | 1.01% |
| Earnings per share | $2.09 | $2.17 | $2.21 | $1.39 | $1.36 | $1.53 | $1.73 | $1.93 |
| Book value per share | $41.81 | $40.08 | $38.36 | $33.29 | $33.09 | $32.26 | $27.29 | $26.03 |
| ROE | 4.99% | 5.41% | 5.75% | 4.17% | 4.10% | 4.73% | 6.33% | 7.42% |
| ROIC | 3.28% | 3.61% | 3.79% | 3.38% | 3.63% | 4.56% | 5.10% | 5.51% |
| Gross margin | 27.56% | 30.99% | 31.83% | 36.62% | 39.86% | 39.17% | 36.10% | 37.60% |
| EBITDA margin | 46.62% | 49.49% | 47.19% | 47.89% | 53.13% | 52.55% | 45.92% | 44.12% |
| Net margin | 12.83% | 14.92% | 16.05% | 10.60% | 11.47% | 12.12% | 11.81% | 13.62% |
| Net debt/EBITDA | 5.66 | 5.40 | 4.84 | 5.57 | 4.79 | 2.77 | 3.35 | 3.75 |
ORA's financial statements
| Line | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Net revenue | $989.5M | $879.7M | $829.4M | $734.2M | $663.1M | $705.3M |
| Cost of revenue | -$716.9M | -$607M | -$565.4M | -$465.3M | -$398.7M | -$429.1M |
| Gross profit | $272.7M | $272.6M | $264M | $268.8M | $264.3M | $276.3M |
| EBITDA | $461.3M | $435.3M | $391.4M | $351.6M | $352.3M | $370.6M |
| EBIT | $169.2M | $172.5M | $166.6M | $152.8M | $169.4M | $214M |
| Financial result | — | — | — | — | — | — |
| Income before tax | $105.7M | $115.4M | $139.1M | $95.6M | $103.6M | $168.7M |
| Income tax | $20.3M | $16.3M | -$6M | -$14.7M | -$24.9M | -$67M |
| Net income | $127M | $131.2M | $133.1M | $77.8M | $76.1M | $85.5M |
Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.
Does ORA pay dividends?
Dividend yield per year
- 0.64%2017
- 1.01%2018
- 0.59%2019
- 0.49%2020
- 0.61%2021
- 0.56%2022
- 0.63%2023
- 0.71%2024
- 0.43%2025
- 0.40%2026
| Type | Last day to own | Payment | Per share |
|---|---|---|---|
| Dividend | 08/18/2026 | 09/02/2026 | $0.12 |
| Dividend | 05/19/2026 | 06/03/2026 | $0.12 |
| Dividend | 03/09/2026 | 03/24/2026 | $0.12 |
| Dividend | 11/14/2025 | 12/01/2025 | $0.12 |
| Dividend | 08/19/2025 | 09/03/2025 | $0.12 |
| Dividend | 05/20/2025 | 06/04/2025 | $0.12 |
| Dividend | 03/11/2025 | 03/26/2025 | $0.12 |
| Dividend | 11/19/2024 | 12/04/2024 | $0.12 |
| Dividend | 08/19/2024 | 09/03/2024 | $0.12 |
| Dividend | 05/20/2024 | 06/05/2024 | $0.12 |
| Dividend | 03/04/2024 | 03/20/2024 | $0.12 |
| Dividend | 11/20/2023 | 12/06/2023 | $0.12 |
See all 40 distributions
| Type | Last day to own | Payment | Per share |
|---|---|---|---|
| Dividend | 08/14/2023 | 08/30/2023 | $0.12 |
| Dividend | 05/19/2023 | 06/06/2023 | $0.12 |
| Dividend | 03/06/2023 | 03/22/2023 | $0.12 |
| Dividend | 11/14/2022 | 11/30/2022 | $0.12 |
| Dividend | 08/15/2022 | 08/31/2022 | $0.12 |
| Dividend | 05/12/2022 | 05/31/2022 | $0.12 |
| Dividend | 03/07/2022 | 03/23/2022 | $0.12 |
| Dividend | 11/15/2021 | 12/03/2021 | $0.12 |
| Dividend | 08/16/2021 | 09/01/2021 | $0.12 |
| Dividend | 05/14/2021 | 06/01/2021 | $0.12 |
| Dividend | 03/09/2021 | 03/29/2021 | $0.12 |
| Dividend | 11/16/2020 | 12/02/2020 | $0.11 |
| Dividend | 08/14/2020 | 09/01/2020 | $0.11 |
| Dividend | 05/19/2020 | 06/02/2020 | $0.11 |
| Dividend | 03/10/2020 | 03/26/2020 | $0.11 |
| Dividend | 11/18/2019 | 12/04/2019 | $0.11 |
| Dividend | 08/16/2019 | 08/27/2019 | $0.11 |
| Dividend | 05/16/2019 | 05/28/2019 | $0.11 |
| Dividend | 03/12/2019 | 03/28/2019 | $0.11 |
| Dividend | 11/16/2018 | 12/04/2018 | $0.10 |
| Dividend | 08/17/2018 | 08/29/2018 | $0.10 |
| Dividend | 05/17/2018 | 05/30/2018 | $0.10 |
| Dividend | 03/12/2018 | 03/29/2018 | $0.23 |
| Dividend | 11/17/2017 | 12/05/2017 | $0.08 |
| Dividend | 08/10/2017 | 08/29/2017 | $0.08 |
| Dividend | 05/17/2017 | 05/31/2017 | $0.08 |
| Dividend | 03/10/2017 | 03/29/2017 | $0.17 |
| Dividend | 11/16/2016 | 12/06/2016 | $0.07 |
About Ormat Technologies
- Sector
- Transportation and utilities
Questions about ORA
How much is ORA today?
ORA is at $89.97 (-3.33% on the day), last traded on 10/07/2026.
How much did ORA pay in dividends in 2025?
ORA paid $0.48 per share in 2025, a dividend yield of 0.43%.
What are the P/E and P/B of ORA?
ORA trades at a P/E of 42.65 and a P/B of 2.13.
How much did ORA return in 12 months?
ORA returned -20.07% in 12 months, with annualized volatility of 41.50% and a largest drawdown of -34.37%.