OR Royalties Inc. (OR) Financial Ratios
13 years of historical data (2013–2025) · Basic Materials · Gold
EV/EBITDA
↑
26.32
+10% vs avg
5yr avg: 23.83
30Y Low13.9·High96.4
P/FCF
↓
30.79
↓-62% vs avg
5yr avg: 81.34
30Y Low5.3·High196.8
P/B Ratio
↑
4.62
↑+91% vs avg
5yr avg: 2.41
30Y Low0.8·High4.7
ROE
↑
16.0%
↓+805% vs avg
5yr avg: 1.8%
30Y Low-26%·High168%
Debt/EBITDA
↓
0.04
↓-97% vs avg
5yr avg: 1.35
30Y Low0.0·High4.6
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
OR Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
OR Royalties Inc. trades at 31.4x earnings, 66% below its 5-year average of 91.4x, sitting at the 50th percentile of its historical range. Compared to the Basic Materials sector median P/E of 23.6x, the stock trades at a premium of 33%. On a free-cash-flow basis, the stock trades at 30.8x P/FCF, 62% below the 5-year average of 81.3x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $6.5B | $6.7B | $3.4B | $2.6B | $2.2B | $2.1B | $2.1B | $1.5B | $1.4B | $1.5B | $1.0B |
| Enterprise Value | $6.4B | $6.6B | $3.4B | $2.7B | $2.2B | $2.3B | $2.2B | $1.7B | $1.6B | $1.6B | $565M |
| P/E Ratio → | 31.41 | 31.88 | 150.83 | — | — | — | 126.80 | — | — | — | 24.30 |
| P/S Ratio | 23.17 | 23.74 | 17.76 | 14.42 | 13.59 | 11.64 | 9.64 | 3.74 | 2.80 | 6.94 | 16.26 |
| P/B Ratio | 4.62 | 4.69 | 2.86 | 2.12 | 1.26 | 1.15 | 1.12 | 1.28 | 0.78 | 0.78 | 0.84 |
| P/FCF | 30.79 | 31.55 | 39.26 | — | — | 173.22 | — | 196.81 | — | — | — |
| P/OCF | 26.17 | 26.81 | 21.23 | 18.72 | 19.83 | 24.68 | 19.07 | 16.04 | 16.74 | 30.36 | 19.06 |
P/E links to full P/E history page with 30-year chart
OR EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
OR Royalties Inc.'s enterprise value stands at 26.3x EBITDA, 10% above its 5-year average of 23.8x. The Basic Materials sector median is 11.0x, placing the stock at a 139% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 23.27 | 17.97 | 14.97 | 13.99 | 13.31 | 10.15 | 4.23 | 3.17 | 7.55 | 9.02 |
| EV / EBITDA | 26.32 | 26.97 | 30.70 | 25.59 | 17.38 | 18.53 | 24.48 | — | — | — | 13.93 |
| EV / EBIT | 31.13 | 31.91 | 90.13 | — | 22.50 | 23.69 | 40.71 | — | — | — | 10.28 |
| EV / FCF | — | 30.92 | 39.72 | — | — | 198.08 | — | 222.74 | — | — | — |
OR Profitability
Margins and return-on-capital ratios measuring operating efficiency
OR Royalties Inc. earns an operating margin of 72.9%, significantly above the Basic Materials sector average of 10.3%. Operating margins have expanded from 35.2% to 72.9% over the past 3 years, signaling improving operational efficiency. ROE of 16.0% indicates solid capital efficiency. ROIC of 12.2% represents solid returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 83.4% | 83.4% | 96.5% | 93.3% | 69.0% | 61.8% | 48.8% | 21.1% | 13.6% | 27.9% | 82.0% |
| Operating Margin | 72.9% | 72.9% | 41.0% | 35.2% | 56.5% | 49.9% | 19.5% | -46.7% | -23.1% | -33.0% | 46.4% |
| Net Profit Margin | 74.3% | 74.3% | 8.5% | -20.4% | -54.5% | -10.5% | 7.9% | -59.7% | -21.5% | -19.9% | 67.2% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 16.0% | 16.0% | 1.3% | -2.5% | -5.0% | -1.0% | 1.1% | -16.0% | -5.8% | -2.7% | 3.9% |
| ROA | 14.2% | 14.2% | 1.1% | -2.1% | -4.0% | -0.8% | 0.9% | -12.5% | -4.4% | -2.2% | 3.4% |
| ROIC | 12.2% | 12.2% | 4.6% | 3.1% | 3.5% | 3.3% | 1.9% | -8.3% | -4.3% | -3.8% | 3.0% |
| ROCE | 14.2% | 14.2% | 5.5% | 3.7% | 4.5% | 4.1% | 2.2% | -9.9% | -4.8% | -3.6% | 2.4% |
OR Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
OR Royalties Inc. carries a Debt/EBITDA ratio of 0.0x, which is very conservative (99% below the sector average of 2.4x). The company holds a net cash position — cash of $142M exceeds total debt of $9M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of 45.2x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.01 | 0.01 | 0.08 | 0.12 | 0.09 | 0.23 | 0.22 | 0.24 | 0.20 | 0.25 | 0.04 |
| Debt / EBITDA | 0.04 | 0.04 | 0.88 | 1.41 | 1.20 | 3.24 | 4.65 | — | — | — | 1.13 |
| Net Debt / Equity | — | -0.09 | 0.03 | 0.08 | 0.04 | 0.17 | 0.06 | 0.17 | 0.10 | 0.07 | -0.37 |
| Net Debt / EBITDA | -0.55 | -0.55 | 0.35 | 0.93 | 0.50 | 2.33 | 1.23 | — | — | — | -11.17 |
| Debt / FCF | — | -0.63 | 0.46 | — | — | 24.86 | — | 25.93 | — | — | — |
| Interest Coverage | 45.20 | 45.20 | 4.78 | -0.72 | 4.47 | 5.26 | 2.04 | -10.66 | -4.41 | -6.86 | 16.02 |
Net cash position: cash ($142M) exceeds total debt ($9M)
OR Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
OR Royalties Inc.'s current ratio of 4.53x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has improved from 4.11x to 4.53x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 4.53 | 4.53 | 4.37 | 4.11 | 5.87 | 0.44 | 3.06 | 5.03 | 8.59 | 12.24 | 32.21 |
| Quick Ratio | 4.53 | 4.53 | 4.37 | 4.11 | 5.86 | 0.39 | 2.97 | 4.97 | 8.59 | 11.90 | 32.21 |
| Cash Ratio | 4.36 | 4.36 | 4.04 | 3.71 | 5.07 | 0.33 | 2.79 | 4.62 | 8.01 | 11.57 | 31.62 |
| Asset Turnover | — | 0.18 | 0.14 | 0.12 | 0.08 | 0.07 | 0.09 | 0.26 | 0.22 | 0.08 | 0.04 |
| Inventory Turnover | — | — | — | 1233.50 | 3821.84 | 3.63 | 10.90 | 242.66 | — | 15.59 | — |
| Days Sales Outstanding | — | 4.17 | 5.93 | 9.46 | 4.57 | 2.85 | 1.78 | 4.54 | 9.17 | 1.58 | 8.57 |
OR Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
OR Royalties Inc. returns 1.1% to shareholders annually — split between a 0.5% dividend yield and 0.6% buyback yield. The payout ratio of 16.9% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 3.2% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.5% | 0.5% | 0.9% | 1.1% | 1.7% | 1.2% | 1.4% | 1.9% | 2.0% | 1.3% | 1.5% |
| Payout Ratio | 16.9% | 16.9% | 188.4% | — | — | — | 171.3% | — | — | — | 36.4% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.2% | 3.1% | 0.7% | — | — | — | 0.8% | — | — | — | 4.1% |
| FCF Yield | 3.2% | 3.2% | 2.5% | — | — | 0.6% | — | 0.5% | — | — | — |
| Buyback Yield | 0.6% | 0.6% | 0.0% | 0.0% | 1.0% | 1.2% | 0.2% | 9.7% | 2.3% | 0.1% | 0.0% |
| Total Shareholder Yield | 1.1% | 1.1% | 0.9% | 1.1% | 2.8% | 2.4% | 1.6% | 11.6% | 4.3% | 1.4% | 1.5% |
| Shares Outstanding | — | $189M | $188M | $185M | $181M | $168M | $162M | $151M | $157M | $128M | $105M |
Peer Comparison
Compare OR with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 ORYou | $7B | 31.4 | 26.3 | 30.8 | 83.4% | 72.9% | 16.0% | 12.2% | 0.0 |
 WPM | $56B | 37.3 | 28.2 | 97.0 | 72.2% | 68.8% | 18.8% | 17.4% | 0.0 |
 RGLD | $15B | 32.1 | 18.6 | 21.2 | 69.3% | 64.5% | 9.0% | 9.2% | 1.1 |
 FNV | $42B | 37.4 | 26.0 | 28.4 | 73.9% | 71.4% | 16.3% | 16.6% | 0.0 |
 EMX | $453M | -144.4 | 61.6 | 136.6 | 72.1% | 4.0% | -2.8% | 0.6% | 4.6 |
 GROY | $502M | -121.2 | 110.5 | 501.6 | 76.4% | 10.9% | -0.7% | 0.2% | 0.0 |
 MTA | $694M | -159.1 | 321.3 | — | 80.9% | -0.5% | -1.7% | -0.0% | 6.7 |
 NEM | $115B | 16.2 | 8.2 | 15.8 | 49.8% | 46.9% | 22.1% | 24.9% | 0.0 |
 AEM | $83B | 18.8 | 10.2 | 19.6 | 58.1% | 53.1% | 19.6% | 21.9% | 0.0 |
 KGC | $32B | 13.4 | 7.2 | 12.4 | 47.5% | 43.2% | 31.0% | 29.9% | 0.2 |
 AG | $9B | 51.4 | 13.2 | 25.3 | 34.8% | 27.8% | 7.4% | 13.1% | 0.5 |
| Basic Materials Median | — | 23.6 | 11.0 | 29.0 | 30.9% | 10.3% | -0.0% | 4.6% | 2.4 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 13 years · Updated daily
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OR — Frequently Asked Questions
Quick answers to the most common questions about buying OR stock.
What is OR Royalties Inc.'s P/E ratio?
OR Royalties Inc.'s current P/E ratio is 31.4x. The historical average is 60.8x. This places it at the 50th percentile of its historical range.
What is OR Royalties Inc.'s EV/EBITDA?
OR Royalties Inc.'s current EV/EBITDA is 26.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 31.8x.
What is OR Royalties Inc.'s ROE?
OR Royalties Inc.'s return on equity (ROE) is 16.0%. The historical average is 10.4%.
Is OR stock overvalued?
Based on historical data, OR Royalties Inc. is trading at a P/E of 31.4x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is OR Royalties Inc.'s dividend yield?
OR Royalties Inc.'s current dividend yield is 0.54% with a payout ratio of 16.9%.
What are OR Royalties Inc.'s profit margins?
OR Royalties Inc. has 83.4% gross margin and 72.9% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does OR Royalties Inc. have?
OR Royalties Inc.'s Debt/EBITDA ratio is 0.0x, indicating low leverage. A ratio below 2x is generally considered financially healthy.