Stock fact sheet · data as of
OR Royalties Inc. (OR): fair value, margin of safety and Wheel Score
Basic Materials · Gold · Canada · High Growth
Is OR undervalued?
At 35.16 (close of 16 Oct 2026), OR trades 11% under the GLS average fair value of 39.69. 3 of the 7 models that produced a value land above the price. A discount of this size counts as a positive margin of safety in every GLS screen; whether it is enough depends on the rest of the picture - the health score, the moat and the option premium below.
There is a wide gap between DDM (3.50) and GLS Growth (102.73). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
The nightly engine files OR under High Growth: revenue and earnings growing fast enough that the growth-based models carry the valuation.
Nine valuation models for OR
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | - | - | Present value of the projected free cash flows, discounted at the cost of capital; no value tonight |
| Graham Number | 17.29 | -51% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 90.02 | +156% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 38.90 | +11% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 102.73 | +192% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 6.71 | -81% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | - | - | Eight years of compounded free cash flow: the price at which the business pays for itself; no value tonight |
| DDM | 3.50 | -90% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 18.64 | -47% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | 0.0260 | -100% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 40.33 | +15% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
OR Royalties Inc. scores 7 of 9 on the Piotroski F-score, the nine yes/no tests of profitability, leverage and efficiency on the latest annual accounts - a strong reading that passes the Sunday Scan's "6 or more" rule with room to spare. On durability OR scores 5.3/10 on the GLS Moat - a middle reading; the Scorecard on the Quote page's Financials tab shows which ten-year lines are steady and which are not.
Returns on capital are high - ROIC 14.6%, ROE 14.7%, ROA 13.3% - with debt at 0.01 times equity and negative free cash flow.
The dividend yield is 0.67% with a payout ratio of 11% - a small yield that leaves most of the earnings in the business.
Institutional ownership scores 9/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 7 / 9 | ROIC | 14.6% |
|---|---|---|---|
| GLS Moat | 5.3 / 10 | ROE | 14.7% |
| Debt / equity | 0.01 | ROA | 13.3% |
| Free-cash-flow yield | -1.6% | Payout ratio | 11% |
| Institutions | 9 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 77: Good
With a Wheel Score of 77 - the Good band - OR Royalties Inc. clears the Sunday Scan's "70 or higher" rule. The parts: Value 17/25, Health 16/20, Moat 8/15, Premium 20/20, Stability 17/20; Moat (8/15) scores lowest.
Implied volatility is 44% on the near-the-money contracts 20-60 days out - inside the 35-60% range the Wheel Score pays full marks for: enough premium to be worth selling, not so much that the risk is unpaid. Chain open interest is 18,611 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 833k shares a day on a market cap of $6.6B, with a beta of 1.32 - a high beta, so the stock tends to move more than the market and a strike can be gapped through; the Stability part of the Wheel Score gives that 17 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 17 / 25 | 11% margin of safety | |
| Health | 16 / 20 | Piotroski 7/9 | |
| Moat | 8 / 15 | moat 5.3/10 | |
| Premium | 20 / 20 | implied volatility 44% | |
| Stability | 17 / 20 | 833k shares/day, $6.6B cap, beta 1.32 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
The next earnings report is due on 4 Nov 2026 (before the open), 19 days away; a 30-45-day put sold today would expire after it, which is worth weighing against the premium.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Gold
The 12 companies below are the closest to OR Royalties Inc. by market cap within the Gold industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| BTG B2Gold Corp. | 5.18 | 7.12 | +27% | 81Prime | $6.8B |
| SSRM SSR Mining Inc. | 30.70 | 21.78 | -41% | 65Good | $6.3B |
| AUGO Aura Minerals | 85.47 | 72.88 | -17% | 62Fair | $7.2B |
| OGC OceanaGold Corporation | 26.65 | 40.10 | +34% | 45Weak | $5.9B |
| EGO Eldorado Gold Corporation | 36.23 | 60.20 | +40% | 84Prime | $9.4B |
| CGAU Centerra Gold Inc. | 21.97 | 48.60 | +55% | 81Prime | $4.3B |
| IAG Iamgold Corporation | 17.76 | 54.47 | +67% | 87Prime | $10.1B |
| HMY Harmony Gold Mining Company Limited | 16.98 | 202.12 | +92% | 95Prime | $10.6B |
| ARIS Aris Mining Corporation | 17.36 | 36.73 | +53% | 82Prime | $3.6B |
| EQX Equinox Gold Corp. | 11.11 | 19.83 | +44% | 82Prime | $13.0B |
| AGI Alamos Gold Inc. | 31.98 | 61.68 | +48% | 92Prime | $13.4B |
| FSM Fortuna Mining Corp. | 10.54 | 33.78 | +69% | 84Prime | $3.1B |
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Start free See the Sunday ScanQuestions about OR
Is OR undervalued right now?
By the GLS models, moderately: at 35.16 the stock trades 11% below the average fair value of 39.69 (data as of 16 Oct 2026).
What is the Wheel Score of OR and what does it mean?
OR scores 77 out of 100 (Good). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for OR?
39.69 per share as of 16 Oct 2026 - the simple average of the 7 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does OR Royalties Inc. report earnings next?
The next earnings report is due on 4 Nov 2026 (before the open), 19 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does OR have listed options, and how liquid are they?
Yes. The nightly snapshot found 100 listed contracts with 18,611 open interest across all expiries and implied volatility of 44% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.