OY Nofar Energy Ltd (NOFR) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of OY Nofar Energy Ltd stock ILS 45.93, price ILS 130, that is 64.5% below the price, quality 31 out of 100. Rating: strongly overvalued. Calculated from audited financials with 9 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range 70.10 ILS – 281.40 ILS · fair‑value band 32.15 ILS – 59.71 ILS · the 129.50 ILS price screens above the 45.93 ILS fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 7, 2026.
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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.
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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.
Stock analysis
OY Nofar Energy Ltd (NOFR) currently trades at 129.50 ILS, while our model-based Fair Value estimate is 45.93 ILS, 65% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 63.56 ILS per share, and 1 of the 9 models we run sit above the 129.50 ILS price.
Bear case: the Earnings-Based group reads lowest at 21.72 ILS, and 8 of the 9 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 32.15 ILS (bear) to 59.71 ILS (bull), the price of 129.50 ILS sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 31/100 (below-average quality), in the Utilities sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
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.
Key figures
Market cap 5.0B ILS Small · P/E ratio 38.0 · P/S ratio 16.5 · EPS (TTM) 3.41 ILS · Net margin 28.2% · Return on equity 3.3% · Return on assets (EBIT) 0.3% (5-year average) · Operating margin 52.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 55 out of 100 (low confidence).
What moves the price
The share trades about 54% below its 52-week high and 43% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Utilities peers we cover trades at −52% fair-value upside, at −65%, NOFR screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (21.72 ILS to 265.86 ILS). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear32.15 ILSFair Value 45.93 ILSBull59.71 ILS
Price 129.50 ILS · Downside -64.5%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (2.92 ILS per share) are deliberately not added.Bear ⓘ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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.36/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−0.6%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−1.4%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+7.7%
Start year 2020 (pandemic)
Revenue growth 8 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+28.1%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+68.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+68.5%
Dividend (yield on the price)0.0%
Profit margin 2020 to 2025 ⓘ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.−122% → −24%
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Utilities - Renewable · 196 stocks
Beats the industry median on 5/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score31 · Bottom 25%
Fair Value upside−64.5% · Bottom 25%
Profitability
Return on equity (12 months)3.3% · Above median
Return on assets2.0% · Above median
Net margin (12 months)40.3% · Top 25%
Operating margin (12 months)52.1% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)91.3% · Top 25%
Balance sheet
Debt / equity1.81× · Highest 25%
Valuation Multiplesvs Utilities - Renewable median · lower = cheaper
P/E (12 months)38.0× · Pricier than median
P/B2.71× · Priciest 25%
P/S (12 months)16.45× · Priciest 25%
EV/EBITDA82.3× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 15
FUTURE (revenue growth)100· sector 15
PAST (return on equity)13· sector 12
HEALTH (low debt)10· sector 70
DIVIDEND (yield)0· sector 47
VALUE 0: the price sits above our fair-value range.
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.
Cite: Fair Value Calculator (2026). "OY Nofar Energy Ltd Fair Value". https://www.fairvalue-calculator.com/stock/NOFR
Frequently asked questions
Is OY Nofar Energy Ltd (NOFR) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 45.93 ILS versus a price of 129.50 ILS, about 65% lower (overvalued).
What is the fair value of NOFR?
Our model-based fair value for OY Nofar Energy Ltd is 45.93 ILS (as of Nov 7, 2026), built from audited fundamentals. The current price: 129.50 ILS.
What is the quality score of NOFR?
OY Nofar Energy Ltd has a Quality Score of 31/100. 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 45.93 ILS (as of Nov 7, 2026) from 9 valuation models. Cautious scenario 32.15 ILS, optimistic scenario 59.71 ILS. 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 45.93 ILS, about 65% lower versus a price of 129.50 ILS (overvalued). Cautious scenario 32.15 ILS, optimistic scenario 59.71 ILS. 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 437M ILS (latest available figure, as of Nov 7, 2026).
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 45.93 ILS per share (as of Nov 7, 2026), against a price of 129.50 ILS. It is the blended result of 9 valuation models in 5 families (Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is OY Nofar Energy Ltd stock overvalued or undervalued in 2026?
As of Nov 7, 2026, NOFR trades above its calculated fair value: price 129.50 ILS, fair value 45.93 ILS, a gap of about −65% (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 (129.50 ILS); the fair value is what the company's own numbers justify (45.93 ILS). For OY Nofar Energy Ltd the two are 83.57 ILS 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 5.0B ILS (market capitalisation, as of Nov 7, 2026). Per share that is 129.50 ILS; our models calculate a fair value of 45.93 ILS per share.
What do the bullish and bearish scenarios say about NOFR?
Our models span a range for OY Nofar Energy Ltd: cautious scenario 32.15 ILS, base 45.93 ILS, optimistic 59.71 ILS per share (as of Nov 7, 2026, price 129.50 ILS). 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 38.0 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 45.93 ILS is built from several models across several years. Other multiples: P/B 2.7, P/S 16.5, EV/EBITDA 82.3.
How solid is the balance sheet of OY Nofar Energy Ltd (NOFR)?
Balance-sheet figures for OY Nofar Energy Ltd (as of Nov 7, 2026): return on equity 3.3%, debt of 1.81 per unit of equity. They feed the Quality Score of 31/100, which measures business quality independently of the share price.
How far is NOFR from its 52-week high?
OY Nofar Energy Ltd trades at 129.50 ILS, about 54% below its 52-week high of 281.40 ILS and 43% above the low of 90.37 ILS (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 45.93 ILS is for.
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, VERBUND AG, 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 Nov 7, 2026: price 129.50 ILS, calculated fair value 45.93 ILS (−65%), Quality Score 31/100, 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 5 families: Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 45.93 ILS builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. OY Nofar Energy Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of OY Nofar Energy Ltd (NOFR)?
The closing price on Nov 6, 2026 was 129.50 ILS. Our model-based fair value is 45.93 ILS, about 65% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with OY Nofar Energy Ltd right now?
The price sits above even our optimistic bull case (59.71 ILS). The favourable scenario is already priced in. Weak quality (31/100) and above fair value at the same time, the margin of safety is missing on both counts. A fairly wide model range (32.15 ILS to 59.71 ILS) leaves room in how you read the outcome.
Key figures of OY Nofar Energy Ltd
How large is the market capitalisation of OY Nofar Energy Ltd (NOFR)?
The market capitalisation of OY Nofar Energy Ltd is 5.0B ILS. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of OY Nofar Energy Ltd (NOFR)?
The price-to-sales ratio of OY Nofar Energy Ltd is 16.5 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of OY Nofar Energy Ltd (NOFR)?
Earnings per share at OY Nofar Energy Ltd are 3.41 ILS (price ÷ EPS = P/E 38.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of OY Nofar Energy Ltd (NOFR)?
The net margin of OY Nofar Energy Ltd is 28.2% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of OY Nofar Energy Ltd (NOFR)?
The return on equity (ROE) of OY Nofar Energy Ltd is 3.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of OY Nofar Energy Ltd (NOFR)?
On an EBIT basis the return on assets of OY Nofar Energy Ltd is 0.3% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of OY Nofar Energy Ltd (NOFR)?
The operating margin of OY Nofar Energy Ltd is 52.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at OY Nofar Energy Ltd (NOFR)?
Revenue at OY Nofar Energy Ltd is growing +91.3% versus a year earlier (3y avg −1.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at OY Nofar Energy Ltd (NOFR)?
Earnings per share at OY Nofar Energy Ltd are growing +940% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does OY Nofar Energy Ltd (NOFR) generate?
The free cash flow of OY Nofar Energy Ltd is −1.3B ILS (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does OY Nofar Energy Ltd (NOFR) carry?
The net debt of OY Nofar Energy Ltd is 3.7B ILS (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Nov 7, 2026