Enlight Renewable Energy Ltd (ENLT) is overvalued and Ormat Technologies Inc (ORA) is overvalued.
Both trade above our estimate of their intrinsic value. ORA is the closer of the two: -374%, against -459% for ENLT.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 10.1% (average of 2 methods) values the shares at $13.16; the price of $73.53 is 459% above that value, and 74% of that value comes from beyond year five.
Leak Score 0/100 on 3 of 12 signals
Discounting its cash flows at 8.0% (average of 3 methods) values the shares at $20.51; the price of $97.28 is 374% above that value, and 79% of that value comes from beyond year five.
Leak Score 0/100 on 3 of 12 signals
| Metric | ENLT | ORA |
|---|---|---|
| Verdict | Overvalued | Overvalued |
| Price | $73.53 | $97.28 |
| Intrinsic value | $13.16 | $20.51 |
| Margin of safety | -459% | -374% |
| Leak Score | 0/100 (3/12) | 0/100 (3/12) |
| Market cap | $10.3B | $6.0B |
| Revenue growth, 5 years | 47.4% | 7.0% |
| Operating margin | 49.9% | 19.4% |
| Net margin | 15.3% | 10.7% |
| Return on equity | 5.2% | 5.0% |
| Debt to equity | 3.01 | 1.31 |
| P/E | 118.0x | 47.7x |
| Forward P/E | 94.3x | 39.9x |
| P/B | 4.8x | 2.3x |
| Dividend yield | — | 0.5% |