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Ratio Oil Explorations (1992) " Limited (RATI-L) Fair Value & Analysis

Energy · Il · Market cap 22.3M ILA

RO Ratio Oil Explorations (1992) " Limited RATI-L · TA
Price4.38 ILA
Fair Value3.98 ILA
Upside-9.1%
Quality72/100
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Mixed Growth
Solidly profitable · 17.4% net margin
High debt · generates free cash flow
Ranks above peers (8/11)
Wide moat 71/100
Evidence: Medium Range 2.72 ILA – 10.28 ILA Share as image

Fair value as of: Aug 20, 2026

From 26 valuation models · updated today

Fair value updated Aug 20, 2026, revised from 0.0306 ILA to 3.98 ILA (+12,906.5%) since Aug 13, 2026. Share price +0.6% over the past month.

A solid business, currently priced close to our fair value.

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What matters now

  • The model range is unusually wide (2.72 ILA to 10.28 ILA). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
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Price vs Fair Value (5 years)

5.20 ILA 1.20 ILA Fair Value 3.98 ILA Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 20, 2026.

How to read this chart

60‑month range 1.20 ILA – 5.20 ILA · fair‑value band 2.72 ILA – 10.28 ILA · the 4.38 ILA price screens above the 3.98 ILA fair value. Dashed = 300-day average. As of Aug 20, 2026.

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Analysis

Ratio Oil Explorations (1992) " Limited (RATI-L) currently trades at 4.38 ILA, while our model-based Fair Value estimate is 3.98 ILA, implying the stock looks roughly 9.1% fairly valued today. The Quality Score stands at 72/100 (solid quality), in the Energy sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Ratio Oil Explorations (1992) " Limited generated revenue of 230M ILA at a net margin of 17.4%. Revenue grew 35.5% year over year. It earns a return on equity of 18.6%. Net debt stands at 572M ILA. Fundamentals as of Aug 20, 2026

Our scenario range runs from 2.72 ILA (bear case) to 10.28 ILA (bull case); at 4.38 ILA, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. For context, the median of 10 Energy peers we cover trades at 15% fair-value upside, at -9%, RATI-L screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model 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. Evidence
Highest evidence
Growth DCF 3.03 ILA 5.68 ILA 9.81 ILA 80
Residual Income 2.48 ILA 3.98 ILA 50.90 ILA 76
Rev-Margin DCF 1.10 ILA 2.22 ILA 4.64 ILA 74
All 26 models by family
DCF Models
FCF DCF 3.32 ILA 5.16 ILA 10.56 ILA 38
Owner Earnings 3.84 ILA 8.77 ILA 17.36 ILA 31
5Y Revenue Exit 0.9229 ILA 1.79 ILA 3.52 ILA 39
5Y EBITDA Exit 2.36 ILA 4.70 ILA 9.26 ILA 41
5Y P/E Exit 2.94 ILA 7.61 ILA 13.87 ILA 38
10Y Revenue Exit 1.79 ILA 3.72 ILA 4.47 ILA 36
10Y EBITDA Exit 2.71 ILA 6.37 ILA 12.43 ILA 37
10Y P/E Exit 3.09 ILA 7.47 ILA 14.45 ILA 35
Earnings-Based
Graham-Dodd 2.60 ILA 18.20 ILA 25.55 ILA 54
Lynch FV 9.14 ILA 13.06 ILA 16.96 ILA 50
PEG = 1.0 9.14 ILA 13.06 ILA 16.96 ILA 46
EPV 2.68 ILA 3.14 ILA 3.55 ILA 59
Dividend Discount
Gordon GGM 0.4326 ILA 0.7499 ILA 0.9806 ILA 70
DDM Multi-Stage 0.4326 ILA 0.7210 ILA 0.8075 ILA 61
Multiples
P/E Multiple 4.04 ILA 5.36 ILA 6.72 ILA 63
P/S Multiple 0.8652 ILA 1.18 ILA 1.47 ILA 58
P/B Multiple 1.21 ILA 1.62 ILA 2.02 ILA 55
EV/EBIT 3.35 ILA 4.87 ILA 6.43 ILA 53
EV/EBITDA 1.85 ILA 2.88 ILA 3.92 ILA 54
EV/Revenue 0.2307 ILA 43
Asset-Based
NCAV (Graham) 0.4614 ILA 0.6057 ILA 0.8941 ILA 50
Growth DCF
Growth DCF 3.03 ILA 5.68 ILA 9.81 ILA 80
Rev-Margin DCF 1.10 ILA 2.22 ILA 4.64 ILA 74
Economic Profit
Residual Income 2.48 ILA 3.98 ILA 50.90 ILA 76
ROIC Compounder 3.66 ILA 5.77 ILA 7.18 ILA 72
Growth Earnings
Growth-Adj P/E 10.76 ILA 15.37 ILA 19.96 ILA 68

Widest divergence: Growth Earnings (15.37 ILA) versus Asset-Based (0.6057 ILA). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 230M ILA
Revenue growth (YoY) +35.5%
Net margin 17.4%
Return on equity 18.6%
Free cash flow 151M ILA FY2022
P/E ratio 56.8 as of Jul 17, 2026
More key figures
Operating margin 69.9%
EPS (TTM) 0.0350 ILA
EPS growth (YoY) -68.2%
Net debt 572M ILA FY2022

Figures from reported company fundamentals · as of Aug 20, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 72/100

Of which business quality 67 · Market factors (momentum, volatility) 31

Profitability 67
Margins and returns on capital today
Quality Growth 97
Are margins and returns improving?
Cashflow 84
Earnings quality: real cash, not paper profit
Fin. Strength 22
Balance sheet, leverage, solvency risk
Investment 64
Disciplined investing over empire-building
Low Volatility 43
Calm price path (market factor)
Momentum 28
Price trend over the last 3–12 months (market factor)
52W Momentum 24
Distance to the 52-week high (market factor)
Net Issuance 82
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.

About the company

Ratio Oil Explorations (1992) " Limited Partnership engages in the exploration, development, and production of oil and natural gas. The company was founded in 1992 and is based in Tel Aviv-Yafo, Israel.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2017 – FY2022 · reported fiscal years

Ratio Oil Explorations (1992) " Limited reported revenue of 380M ILA in FY2022 versus 0 ILA in FY2017. Reported net income was 150M ILA in FY2022.

Growth Quality 84/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2022)
380M ILS
Latest YoY
+29.5%
Revenue
FY17 0 ILA
FY18 0 ILA
FY20 195M ILA
FY21 293M ILA
FY22 380M ILA
Net income
FY18 −10.8M ILA
FY19 −5.5M ILA
FY20 6.9M ILA
FY21 102M ILA
FY22 150M ILA

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Cite: Fair Value Calculator (2026). "Ratio Oil Explorations (1992) " Limited Fair Value". https://www.fairvalue-calculator.com/stock/RATI-L

Peer Group

Energy · 1241 stocks

How this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Oil & Gas” was too small, so the broader sector is used.)

Quality Score 72 · Top 25%
Fair Value upside −9% · Above median
Return on equity (TTM) 19% · Top 25%
Return on assets 9% · Top 25%
Net margin (TTM) 17% · Top 25%
Operating margin (TTM) 70% · Top 25%
Revenue growth 36% · Top 25%
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 1.69× · Higher than 75% of peers

Valuation Multiples vs Energy median · lower = cheaper

P/E (TTM) 56.8× · Pricier than 75% of peers
P/FCF 0.0× · Cheaper than 75% of peers

Snowflake

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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE21 · sector 0
FUTURE100 · sector 3
PAST74 · sector 18
HEALTH16 · sector 91
DIVIDEND0 · sector 53

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Oil & gas

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

Is Ratio Oil Explorations (1992) " Limited (RATI-L) overvalued or undervalued?
As of Aug 20, 2026, our model estimates a fair value of 3.98 ILA versus a price of 4.38 ILA, about −9% (fairly valued).
What is the fair value of RATI-L?
Our model-based fair value for Ratio Oil Explorations (1992) " Limited is 3.98 ILA (as of Aug 20, 2026), built from audited fundamentals. The current price: 4.38 ILA.
What is the quality score of RATI-L?
Ratio Oil Explorations (1992) " Limited has a Quality Score of 72/100. 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 revenue of Ratio Oil Explorations (1992) " Limited (RATI-L)?
Ratio Oil Explorations (1992) " Limited reported trailing-twelve-month revenue of about 230M ILS (latest available figure, as of Aug 20, 2026).
What is the net profit margin of RATI-L?
The net profit margin of Ratio Oil Explorations (1992) " Limited is about 17.4%, meaning it keeps roughly 17.4% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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