Ratio Oil Explorations (1992) a Limited Partnership (RATI) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Ratio Oil Explorations (1992) a Limited Partnership ILS 3.23, price ILS 4.62, upside -30.0%, quality 73 out of 100. Calculated from audited financials with 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, dashed = 300-day average. As of Oct 5, 2026.
How to read this chart
60‑month range 0.9338 ILA – 4.95 ILA · fair‑value band 1.47 ILA – 5.31 ILA · the 4.62 ILA price screens above the 3.23 ILA fair value. Dashed = 300-day average. As of Oct 5, 2026.
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Ratio Energies - Limited Partnership, together with its subsidiaries, explores, develops, produces, and markets natural gas and oil in Israel. The company operates the Leviathan project located in the Eastern Mediterranean Sea. It also exports its products to Jordan and Egypt.
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Ratio Energies - Limited Partnership, together with its subsidiaries, explores, develops, produces, and markets natural gas and oil in Israel. The company operates the Leviathan project located in the Eastern Mediterranean Sea. It also exports its products to Jordan and Egypt. The company was formerly known as Ratio Oil Explorations (1992) " Limited Partnership and changed its name to Ratio Energies - Limited Partnership in February 2022. Ratio Energies - Limited Partnership was founded in 1992 and is based in Tel Aviv-Yafo, Israel.
Stock analysis
Ratio Oil Explorations (1992) a Limited Partnership (RATI) currently trades at 4.62 ILA, while our model-based Fair Value estimate is 3.23 ILA, 30.0% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 12.05 ILA per share, and 16 of the 24 models we run sit above the 4.62 ILA price.
Bear case: the Asset-Based group reads lowest at 0.9100 ILA, and 8 of the 24 models stay below the price. Evidence for this calculation is high.
Scenario range: 1.47 ILA (bear) to 5.31 ILA (bull), the price of 4.62 ILA sits inside 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 73/100 (solid quality), in the Energy sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Ratio Oil Explorations (1992) a Limited Partnership reported revenue of $300M in FY2025 versus $293M in FY2021, a compound +0.5%/yr. Reported net income was $136M in FY2025, compounding +15.0%/yr from FY2021.
Key figures
Market cap 5.2B ILA · P/E ratio 13.2 · P/S ratio 5.98 · EPS (TTM) 0.3500 ILA · Dividend yield 2.5% · Net margin 45.3% · Return on equity 25.8% · Return on assets (EBIT) 18.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 43 out of 100 (low confidence).
What moves the price
The share trades about 7% below its 52-week high and 17% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Energy peers we cover trades at 10% fair-value upside, at −30%, RATI screens richer than that median.
Fair Value models
Bear 1.47 ILAFair Value 3.23 ILABull 5.31 ILA
Price 4.62 ILA · Upside -30.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (0.1782 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.Evidence ⓘEvidence = 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.100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
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.
+8.6%
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.
+95.5%
’19
’20
’21
’22
’23
’24
’25
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.
+28.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+26.3%
Dividend (yield on the price)2.5%
Profit margin 2019 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.−129% → 68%
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+2.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (figures in USD, USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about −0.1% a year for the price.
Compare Ratio Oil Explorations (1992) a Limited Partnership with another stock
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.Oil & Gas E&P · 279 stocks
Beats the industry median on 8/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score73 · Top 25%
Fair Value upside−30.0% · Below median
Profitability
Return on equity (TTM)25.8% · Top 25%
Return on assets9.2% · Top 25%
Net margin (TTM)47.3% · Top 25%
Operating margin (TTM)71.7% · Top 25%
Growth and dividend
Revenue growth52.4% · Above median
Dividend yield (TTM)2.5% · Below median
Balance sheet
Debt / equity0.98× · Highest 25%
Valuation Multiplesvs Oil & Gas E&P median · lower = cheaper
P/E (TTM)13.2× · Cheaper than median
P/B3.41× · Priciest 25%
P/S (TTM)6.28× · Priciest 25%
P/FCF8.7× · Cheaper than median
EV/EBITDA10.0× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 27
FUTURE (revenue growth)100· sector 84
PAST (return on equity)100· sector 23
HEALTH (low debt)51· sector 85
DIVIDEND (yield)50· sector 70
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). "Ratio Oil Explorations (1992) a Limited Partnership Fair Value". https://www.fairvalue-calculator.com/stock/RATI
Frequently asked questions
Is Ratio Oil Explorations (1992) a Limited Partnership (RATI) overvalued or undervalued?
As of Oct 5, 2026, our model estimates a fair value of 3.23 ILA versus a price of 4.62 ILA, about −30% upside (overvalued).
What is the fair value of RATI?
Our model-based fair value for Ratio Oil Explorations (1992) a Limited Partnership is 3.23 ILA (as of Oct 5, 2026), built from audited fundamentals. The current price: 4.62 ILA.
What is the quality score of RATI?
Ratio Oil Explorations (1992) a Limited Partnership has a Quality Score of 73/100. 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 Ratio Oil Explorations (1992) a Limited Partnership (RATI)?
Our model-based price target is the fair value of 3.23 ILA (as of Oct 5, 2026) from 25 valuation models. Cautious scenario 1.47 ILA, optimistic scenario 5.31 ILA. It is a calculation from audited fundamentals, not an analyst target.
What is the Ratio Oil Explorations (1992) a Limited Partnership stock forecast for 2026?
Our models put fair value at 3.23 ILA, about −30% upside versus a price of 4.62 ILA (overvalued). Cautious scenario 1.47 ILA, optimistic scenario 5.31 ILA. The calculation is refreshed regularly with new filings.
What is the revenue of Ratio Oil Explorations (1992) a Limited Partnership (RATI)?
Ratio Oil Explorations (1992) a Limited Partnership reported trailing-twelve-month revenue of about $271M (latest available figure, as of Oct 5, 2026).
Does Ratio Oil Explorations (1992) a Limited Partnership pay a dividend?
Ratio Oil Explorations (1992) a Limited Partnership currently shows a dividend yield of about 2.51% relative to its recent price (as of Oct 5, 2026).
What growth is priced into Ratio Oil Explorations (1992) a Limited Partnership (RATI)?
For today's price to be fair in a discounted-cash-flow model, Ratio Oil Explorations (1992) a Limited Partnership would have to grow free cash flow by +2.3 % per year for five years (discount rate 11.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +9.0 % per year. As of Oct 5, 2026.
What discount rate (WACC) does the fair value of RATI use?
Our models discount Ratio Oil Explorations (1992) a Limited Partnership at 11.6 %: a base by market capitalisation (small), damped by beta 0.25, country premium for Israel. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Ratio Oil Explorations (1992) a Limited Partnership that is +2.3 % per year a year over ten years, using the same discount rate (11.6 %) and the same formula as our fair value.
How much growth has Ratio Oil Explorations (1992) a Limited Partnership (RATI) delivered so far?
Over the past 5 years revenue at Ratio Oil Explorations (1992) a Limited Partnership grew +9.0 % a year. The price currently implies +2.3 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Ratio Oil Explorations (1992) a Limited Partnership (RATI) growing?
The median revenue growth in the sector is +11.1 % a year. That is the yardstick for the growth priced into Ratio Oil Explorations (1992) a Limited Partnership (+2.3 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Ratio Oil Explorations (1992) a Limited Partnership (RATI)?
The free-cash-flow yield on the price is 11.49 %: that much free cash flow Ratio Oil Explorations (1992) a Limited Partnership produces per unit of market value. When it exceeds the discount rate of our models (11.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Ratio Oil Explorations (1992) a Limited Partnership (RATI)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Ratio Oil Explorations (1992) a Limited Partnership it is 3.23 ILA per share (as of Oct 5, 2026), against a price of 4.62 ILA. It is the blended result of 25 valuation models (cash flow, earnings, asset, dividend).
Is Ratio Oil Explorations (1992) a Limited Partnership stock overvalued or undervalued in 2026?
As of Oct 5, 2026, RATI trades above its calculated fair value: price 4.62 ILA, fair value 3.23 ILA, a gap of about −30% (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 RATI?
No. The price is what the market pays today (4.62 ILA); the fair value is what the company's own numbers justify (3.23 ILA). For Ratio Oil Explorations (1992) a Limited Partnership the two are 1.39 ILA per share apart. That gap is exactly why we show both numbers side by side.
How much is Ratio Oil Explorations (1992) a Limited Partnership worth?
The market values Ratio Oil Explorations (1992) a Limited Partnership at about 5.2B ILA (market capitalisation, as of Oct 5, 2026). Per share that is 4.62 ILA; our models calculate a fair value of 3.23 ILA per share.
What do the bullish and bearish scenarios say about RATI?
Our models span a range for Ratio Oil Explorations (1992) a Limited Partnership: cautious scenario 1.47 ILA, base 3.23 ILA, optimistic 5.31 ILA per share (as of Oct 5, 2026, price 4.62 ILA). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of RATI?
Ratio Oil Explorations (1992) a Limited Partnership trades at a price-to-earnings ratio of 13.2 (as of Oct 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 3.23 ILA is built from several models across several years. Other multiples: P/B 3.4, P/S 6.3, EV/EBITDA 10.0.
How solid is the balance sheet of Ratio Oil Explorations (1992) a Limited Partnership (RATI)?
Balance-sheet figures for Ratio Oil Explorations (1992) a Limited Partnership (as of Oct 5, 2026): return on equity 25.8%, debt of 0.98 per unit of equity. They feed the Quality Score of 73/100, which measures business quality independently of the share price.
How far is RATI from its 52-week high?
Ratio Oil Explorations (1992) a Limited Partnership trades at 4.62 ILA, about 7% below its 52-week high of 4.95 ILA and 17% above the low of 3.95 ILA (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of 3.23 ILA is for.
Which stocks are comparable to Ratio Oil Explorations (1992) a Limited Partnership?
From the same area (Energy) we also value ConocoPhillips explores for,, CNOOC Limited, Canadian Natural Resources Limited, EOG Resources, Inc, 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 Ratio Oil Explorations (1992) a Limited Partnership stock attractive at the current price?
The data as of Oct 5, 2026: price 4.62 ILA, calculated fair value 3.23 ILA (−30%), Quality Score 73/100, from 25 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 RATI calculated?
We run Ratio Oil Explorations (1992) a Limited Partnership through 25 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 3.23 ILA, 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 15.0 % above its aggregate fair value. Ratio Oil Explorations (1992) a Limited Partnership 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 Ratio Oil Explorations (1992) a Limited Partnership (RATI)?
The closing price on Oct 2, 2026 was 4.62 ILA. Our model-based fair value is 3.23 ILA, about −30% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Ratio Oil Explorations (1992) a Limited Partnership right now?
A high-quality business (quality 73/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety. The model range is unusually wide (1.47 ILA to 5.31 ILA). The outcome hinges heavily on assumptions, so read the point estimate with caution.
Key figures of Ratio Oil Explorations (1992) a Limited Partnership
How large is the market capitalisation of Ratio Oil Explorations (1992) a Limited Partnership (RATI)?
The market capitalisation of Ratio Oil Explorations (1992) a Limited Partnership is 5.2B ILA. 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 Ratio Oil Explorations (1992) a Limited Partnership (RATI)?
The price-to-sales ratio of Ratio Oil Explorations (1992) a Limited Partnership is 5.98 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Ratio Oil Explorations (1992) a Limited Partnership (RATI)?
Earnings per share at Ratio Oil Explorations (1992) a Limited Partnership are 0.3500 ILA (price ÷ EPS = P/E 13.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Ratio Oil Explorations (1992) a Limited Partnership (RATI)?
The dividend yield of Ratio Oil Explorations (1992) a Limited Partnership is 2.5% (payout 33.1%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Ratio Oil Explorations (1992) a Limited Partnership (RATI)?
The net margin of Ratio Oil Explorations (1992) a Limited Partnership is 45.3% (fiscal year 2025). 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 Ratio Oil Explorations (1992) a Limited Partnership (RATI)?
The return on equity (ROE) of Ratio Oil Explorations (1992) a Limited Partnership is 25.8% (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 Ratio Oil Explorations (1992) a Limited Partnership (RATI)?
On an EBIT basis the return on assets of Ratio Oil Explorations (1992) a Limited Partnership is 18.2% (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 Ratio Oil Explorations (1992) a Limited Partnership (RATI)?
The operating margin of Ratio Oil Explorations (1992) a Limited Partnership is 71.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Ratio Oil Explorations (1992) a Limited Partnership (RATI)?
Revenue at Ratio Oil Explorations (1992) a Limited Partnership is growing +52.4% versus a year earlier (3y avg −7.6%). 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 Ratio Oil Explorations (1992) a Limited Partnership (RATI)?
Earnings per share at Ratio Oil Explorations (1992) a Limited Partnership are growing +85.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Ratio Oil Explorations (1992) a Limited Partnership (RATI) carry?
The net debt of Ratio Oil Explorations (1992) a Limited Partnership is $432M (fiscal year 2025, ≈ 2.2 yrs of FCF). 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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