OR (OR Royalties) Degree of Operating Leverage : 2.83 (As of Jun. 2026)

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OR OR Royalties Inc OR
82 GF Score
Price $36.81
GF Value $39.38
Valuation Fairly Valued
! 3 Warning Signs
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What is OR Royalties Degree of Operating Leverage?

OR Royalties OR +3.43% 82 Degree of Operating Leverage is 2.83 as of Jun. 2026. GuruFocus rates OR with a GF Score™ of 82/100 and a GF Value™ of $39.38 (Fairly Valued). The stock has 3 warning signs investors should review. Among 748 Metals & Mining companies, OR Royalties ranks worse than 70.59% on this metric.

Degree of Operating Leverage (DOL) measures the percentage change in EBIT for a unit change in Revenue. OR Royalties's Degree of Operating Leverage for the quarter that ended in Jun. 2026 was 2.83. The higher Degree of Operating Leverage, the higher operating risk the company will take.

The industry rank for OR Royalties's Degree of Operating Leverage or its related term are showing as below:

OR's Degree of Operating Leverage is ranked worse than
70.59% of 748 companies
in the Metals & Mining industry
Industry Median: 1.23 vs OR: 2.83

OR Royalties  (NYSE:OR) Degree of Operating Leverage Explanation

Degree of Operating Leverage (DOL) is a leverage ratio that measures the sensitivity of a company’s operting income, also referred to as Earnings Before Interest and Taxes (EBIT), to fluctuations in its Revenue. DOL is a method used to quantify a company’s operating risk. This risk is related to the company's structure of variable costs and fixed costs. Since the fixed costs do not allow the company to adjust the operating costs, the operating risk rises with a higher fixed-to-variable costs proportion.

A high Degree of Operating Leverage indicates that the company’s fixed costs exceed its variable costs. By increasing the sales, the company can earn more profits. In addition, the company must be able to maintain relatively high sales to cover all fixed costs.

Be Aware

The use of operating leverage varies across different industries and business sectors, and the application of Degree of Operating Leverage (DOL) should be adjusted accordingly.


OR Royalties Degree of Operating Leverage Related Terms


OR Royalties Degree of Operating Leverage Historical Data

* Premium members only.

The historical data trend for OR Royalties's Degree of Operating Leverage can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

OR Royalties Degree of Operating Leverage Chart

OR Royalties Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Degree of Operating Leverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.63 -25.77 -8.02 -67.76 11.91

OR Royalties Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Degree of Operating Leverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -17.39 -25.31 11.91 7.46 2.83

OR vs NEM, AU: Degree of Operating Leverage Comparison

For the Gold subindustry, OR Royalties's Degree of Operating Leverage, along with its competitors' market caps and Degree of Operating Leverage data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


OR Royalties Degree of Operating Leverage vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, OR Royalties's Degree of Operating Leverage distribution charts can be found below:

* The bar in red indicates where OR Royalties's Degree of Operating Leverage falls into.


OR
82GF Score
OR Royalties Inc OR
Degree of Operating Leverage is just one metric. See GF Score™, valuation, warning signs, and more.
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OR Royalties Degree of Operating Leverage Calculation

OR Royalties's Degree of Operating Leverage for the quarter that ended in Jun. 2026 is calculated as:

Degree of Operating Leverage=% Change in EBIT**/% Change in Revenue
=( 336.128 (Jun. 2026) / 114.113 (Jun. 2025) - 1 )/( 362.742 (Jun. 2026) / 213.999 (Jun. 2025) - 1 )
=1.9456/0.6951
=2.80***

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

** TTM data of EBIT and Revenue was used to calculate Degree of Operating Leverage.
*** Please be aware that the Degree of Operating Leverage calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.

What does a Degree of Operating Leverage of 2.83 mean?
OR Royalties (OR) has a Degree of Operating Leverage of 2.83 as of Jun. 2026. Degree of Operating Leverage (DOL) measures the percentage change in EBIT for a unit change in Revenue. View historical data for OR Royalties and its competitors. According to the industry distribution chart, OR Royalties ranks #528 out of 748 companies in the Metals & Mining industry, placing it in the top 70.6%.
Is OR Royalties' Degree of Operating Leverage too high?
OR Royalties' current Degree of Operating Leverage is 2.83. The Metals & Mining industry median Degree of Operating Leverage is 1.23. OR Royalties' value of 2.83 is 130.1% above this industry median. Based on the distribution chart, OR Royalties ranks #528 out of 748 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, OR Royalties has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does OR Royalties' Degree of Operating Leverage compare to NEM and AU?
According to the Metals & Mining industry distribution chart, OR Royalties ranks #528 out of 748 companies for Degree of Operating Leverage. This places OR Royalties in the lower half of its industry. The industry median Degree of Operating Leverage is 1.23. OR Royalties' value of 2.83 is 130.1% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Degree of Operating Leverage for a Metals & Mining company?
The median Degree of Operating Leverage among Metals & Mining companies is 1.23, based on 748 companies in the industry. Companies in the top quartile (top 25%) have a Degree of Operating Leverage significantly above this median, while those in the bottom quartile fall well below. However, Degree of Operating Leverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. OR Royalties's current Degree of Operating Leverage of 2.83 is 130.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Degree of Operating Leverage mean?
A high Degree of Operating Leverage can signal that a stock is expensive relative to its fundamentals. Degree of Operating Leverage (DOL) measures the percentage change in EBIT for a unit change in Revenue. View historical data for OR Royalties and its competitors. For the Metals & Mining industry, the median Degree of Operating Leverage is 1.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. OR Royalties's current Degree of Operating Leverage is 2.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is OR Royalties stock overvalued right now?
Based on GuruFocus' analysis, OR Royalties (OR) is currently considered Fairly Valued. The stock's GF Value™ is $39.38, compared to a current price of $36.81 — trading 6.5% below its estimated fair value. The current Degree of Operating Leverage is 2.83 and 130.1% above the Metals & Mining industry median of 1.23. OR Royalties' overall GF Score™ is 82/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Degree of Operating Leverage calculated?
Degree of Operating Leverage is calculated from a company's financial statements. For OR Royalties (OR), the current Degree of Operating Leverage is 2.83 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is OR Royalties (OR) Overvalued in 2026?

Based on GuruFocus' analysis, OR Royalties stock appears to be undervalued. The current stock price of $36.81 is trading 6.5% below its estimated GF Value™ of $39.38. GuruFocus considers OR Royalties to be Fairly Valued.

Key valuation signals for OR:

  • Degree of Operating Leverage: 2.83
  • GF Value™: $39.38 vs. price of $36.81 (6.5% below fair value)
  • GF Score™: 82/100 with 3 warning signs
  • Industry Position: 130.1% above the Metals & Mining median (#528 of 748)

No single metric tells the full story. See the OR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


OR Royalties Business Description

Address 1100, Avenue des Canadiens-de-Montreal, Suite 300, P.O. Box 211, Montreal, QC, CAN, H3B 2S2
OR Royalties Inc is engaged in the business of acquiring and managing precious metal and other high-quality royalties, streams and similar interests. The Company owns a portfolio of royalties, streams, offtakes, options on royalty/stream financings and exclusive rights to participate in future royalty/stream financings on various projects. Geographically, it generates majority of its income from North America and also generates some portions of income from South America, Australia, Africa and Europe.
82GF Score

Get the complete analysis for OR

Degree of Operating Leverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$36.81
Price
$39.38
GF Value