OY Nofar Energy Ltd (NOFR) fair value: what the stock is really worth
We calculate from audited financials what OY Nofar Energy Ltd is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily, free.
Compare price with fair valuebelow fair value = cheap, above = expensive
Check the quality50 and up solid, 75 and up strong
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Utilities · Il · Market cap 8.2B ILA · ISIN IL0011708778
At a glance
ONOY Nofar Energy LtdNOFR · TA
Price175.00 ILA
Fair Value40.00 ILA
Upside−77.1%
Quality19/100
Below-average quality, and trading another 337% above our fair value of 40.00 ILA.
As of Aug 23, 2026, the fair value of OY Nofar Energy Ltd is 40.00 ILA per share against a price of 175.00 ILA, so the fair value sits 77% below the price. A model estimate from reported figures, not an analyst target.
!Expensive Growth (revenue 5y +7.7 %/yr)
✓Solidly profitable · 17.6% net margin
!High debt · negative free cash flow
!Trails peers (2/11)
!Narrow moat 26/100
!Evidence only medium, so the estimate is less certain
!Weak on past: 4 out of 100
!Weak on balance sheet: 10 out of 100
Evidence: MediumRange 30.00 ILA to 50.00 ILA
Fair value as of: Aug 23, 2026
From 9 valuation models · updated 18 days ago
Share price −0.1% over the past month.
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What matters now
The price sits above even our optimistic bull case (50.00 ILA). The favourable scenario is already priced in.
Weak quality (19/100) and above fair value at the same time, the margin of safety is missing on both counts.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 23, 2026.
How to read this chart
60‑month range 70.10 ILA – 281.40 ILA · fair‑value band 30.00 ILA – 50.00 ILA · the 175.00 ILA price screens above the 40.00 ILA fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Aug 23, 2026.
OY Nofar Energy Ltd (NOFR) currently trades at 175.00 ILA, while our model-based Fair Value estimate is 40.00 ILA, implying the stock looks roughly 337.4% overvalued today. The Quality Score stands at 19/100 (below-average quality), in the Utilities sector. Bull case: the Growth Earnings group reads highest at a median of 47.61 ILA per share, and 0 of the 9 models we run sit above the 175.00 ILA price. Bear case: the Earnings-Based group reads lowest at 22.52 ILA, and 9 of the 9 models stay below the price. Evidence for this calculation is medium.
Over the trailing twelve months, OY Nofar Energy Ltd generated revenue of 318M ILA at a net margin of 28.4%. Revenue declined 27.8% year over year. It earns a return on equity of 2.4%. Net debt stands at 3.7B ILA. Fundamentals as of Aug 23, 2026
Scenario range: 30.00 ILA (bear) to 50.00 ILA (bull), the price of 175.00 ILA sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. For context, the median of 10 Utilities peers we cover trades at −12% fair-value upside, at −77%, NOFR screens richer than that median.
Fair Value models
Based on fiscal year 2025 figures (about 8 months old). Earnings retained since then (1.13 ILS per share) are deliberately not added.
Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →
ModelBear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence
Highest evidence
Residual Income best evidence36.48 ILA36.53 ILA33.97 ILA71
Growth-Adj P/E33.33 ILA47.61 ILA61.89 ILA67
Graham-Dodd16.00 ILA63.59 ILA86.40 ILA64
All 9 models by family
Earnings-Based
Graham-Dodd16.00 ILA63.59 ILA86.40 ILA64
Lynch FV15.76 ILA22.52 ILA29.27 ILA61
PEG = 1.015.76 ILA22.52 ILA29.27 ILA57
Multiples
P/E Multiple49.41 ILA65.88 ILA82.35 ILA63
P/S Multiple30.00 ILA40.00 ILA50.00 ILA58
P/B Multiple30.00 ILA40.00 ILA50.00 ILA55
Asset-Based
NCAV (Graham)24.27 ILA32.53 ILA48.55 ILA54
Economic Profit
Residual Income best evidence36.48 ILA36.53 ILA33.97 ILA71
Growth Earnings
Growth-Adj P/E33.33 ILA47.61 ILA61.89 ILA67
Widest divergence: Growth Earnings (47.61 ILA) versus Earnings-Based (22.52 ILA). Highest evidence: Residual Income (71).
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Key figures & financial health
P/E ratio106.1
P/S ratio30.7P/E × margin
EPS (TTM)1.65 ILAprice ÷ EPS = P/E 106.1
Net margin29.0%FY2025
Return on equity2.4%TTM
Return on assets (EBIT)0.3%avg 5y
More key figures
Profitability
Operating margin−211%TTM
Growth
Revenue (TTM)318M ILATTM
Revenue growth (YoY)−27.8%3y avg −1.4%
EPS growth (YoY)+940%
Balance sheet & cash flow
Free cash flow−1.3B ILAFY2025
Net debt3.7B ILAFY2025
Figures from reported company fundamentals · as of Aug 23, 2026. TTM = trailing twelve months.
Quality Score breakdown
Overall quality19/100
Of which business quality 20
· Market factors (momentum, volatility) 54
Profitability31
Margins and returns on capital today
Quality Growth26
Are margins and returns improving?
Cashflow0
Earnings quality: real cash, not paper profit
Fin. Strength17
Balance sheet, leverage, solvency risk
Investment39
Disciplined investing over empire-building
Low Volatility43
Calm price path (market factor)
Momentum51
Price trend over the last 3–12 months (market factor)
52W Momentum71
Distance to the 52-week high (market factor)
Net Issuance19
Buybacks instead of dilution
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
O.Y. Nofar Energy Ltd develops, designs, licenses, constructs, and operates photovoltaic systems on rooftops in Israel. It engages in the initiation, financing, construction, operation, and maintenance of solar power generation systems, wind power generation systems, and battery storage systems.
Full company description
O.Y. Nofar Energy Ltd develops, designs, licenses, constructs, and operates photovoltaic systems on rooftops in Israel. It engages in the initiation, financing, construction, operation, and maintenance of solar power generation systems, wind power generation systems, and battery storage systems. It serves in the United States, Poland, Romania, Spain, Italy, England, Serbia and Czech Republic. O.Y. Nofar Energy Ltd was incorporated in 2011 and is based in Ashdod, Israel.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
OY Nofar Energy Ltd reported revenue of 311M ILS in FY2025 versus 361M ILS in FY2021, a compound −3.6%/yr. Reported net income was 90.1M ILS in FY2025, compounding +112.9%/yr from FY2021.
Growth Quality 36/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
311M ILS
Latest YoY
−0.6%
Avg. revenue growth/yr (3Y) ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−1.4%
Avg. revenue growth/yr (5Y) ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+7.7%
Avg. revenue growth/yr (8Y) ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+28.1%
Value creation/yr (5Y) ⓘEarnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+68.5%
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+68.5%
Dividend yield0.0%
Operating margin (EBIT) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.−121.8% (2020) → −23.8% (2025) · rising
Worst earnings drop8,093% (2020) (loss year, drop beyond 100%) · in ILS
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
This stockSector peers
VALUE0· sector 0
FUTURE100· sector 0
PAST4· sector 14
HEALTH10· sector 67
DIVIDEND0· sector 43
VALUE 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
None of the checked exposures detected
Similar stocks
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Is OY Nofar Energy Ltd (NOFR) overvalued or undervalued?
As of Aug 23, 2026, our model estimates a fair value of 40.00 ILA versus a price of 175.00 ILA, about −77% upside (overvalued).
What is the fair value of NOFR?
Our model-based fair value for OY Nofar Energy Ltd is 40.00 ILA (as of Aug 23, 2026), built from audited fundamentals. The current price: 175.00 ILA.
What is the quality score of NOFR?
OY Nofar Energy Ltd has a Quality Score of 19/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for OY Nofar Energy Ltd (NOFR)?
Our model-based price target is the fair value of 40.00 ILA (as of Aug 23, 2026) from 9 valuation models. Cautious scenario 30.00 ILA, optimistic scenario 50.00 ILA. It is a calculation from audited fundamentals, not an analyst target.
What is the OY Nofar Energy Ltd stock forecast for 2026?
Our models put fair value at 40.00 ILA, about −77% upside versus a price of 175.00 ILA (overvalued). Cautious scenario 30.00 ILA, optimistic scenario 50.00 ILA. The calculation is refreshed regularly with new filings.
What is the revenue of OY Nofar Energy Ltd (NOFR)?
OY Nofar Energy Ltd reported trailing-twelve-month revenue of about 318M ILS (latest available figure, as of Aug 23, 2026).
What is the net profit margin of NOFR?
The net profit margin of OY Nofar Energy Ltd is about 28.4%, meaning it keeps roughly 28.4% of revenue as net income. Based on the latest reported figures.
What is the intrinsic value of OY Nofar Energy Ltd (NOFR)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For OY Nofar Energy Ltd it is 40.00 ILA per share (as of Aug 23, 2026), against a price of 175.00 ILA. It is the blended result of 9 valuation models (cash flow, earnings, asset, dividend).
Is OY Nofar Energy Ltd stock overvalued or undervalued in 2026?
As of Aug 23, 2026, NOFR trades above its calculated fair value: price 175.00 ILA, fair value 40.00 ILA, a gap of about −77% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of NOFR?
No. The price is what the market pays today (175.00 ILA); the fair value is what the company's own numbers justify (40.00 ILA). For OY Nofar Energy Ltd the two are 135.00 ILA per share apart. That gap is exactly why we show both numbers side by side.
How much is OY Nofar Energy Ltd worth?
The market values OY Nofar Energy Ltd at about 8.2B ILA (market capitalisation, as of Aug 23, 2026). Per share that is 175.00 ILA; our models calculate a fair value of 40.00 ILA per share.
What do the bullish and bearish scenarios say about NOFR?
Our models span a range for OY Nofar Energy Ltd: cautious scenario 30.00 ILA, base 40.00 ILA, optimistic 50.00 ILA per share (as of Aug 23, 2026, price 175.00 ILA). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of NOFR?
OY Nofar Energy Ltd trades at a price-to-earnings ratio of 106.1 (as of Aug 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 40.00 ILA is built from several models across several years. Other multiples: P/B 1.5, P/S 8.0.
How solid is the balance sheet of OY Nofar Energy Ltd (NOFR)?
Balance-sheet figures for OY Nofar Energy Ltd (as of Aug 23, 2026): return on equity 0.9%, debt of 1.81 per unit of equity. They feed the Quality Score of 19/100, which measures business quality independently of the share price.
Which stocks are comparable to OY Nofar Energy Ltd?
From the same area (Utilities) we also value China Yangtze Power Co, Ørsted A/S, Huaneng Lancang River Hydropower Inc, Adani Green Energy Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is OY Nofar Energy Ltd stock attractive at the current price?
The data as of Aug 23, 2026: price 175.00 ILA, calculated fair value 40.00 ILA (−77%), Quality Score 19/100, from 9 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of NOFR calculated?
We run OY Nofar Energy Ltd through 9 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 40.00 ILA, with the spread shown as a cautious and an optimistic scenario.
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