ONL (Orion Properties) EBIT: $-112.6 Mil (TTM As of Mar. 2026)


ONL Orion Properties Inc ONL
68 GF Score
Price $2.65
GF Value $2.80
Valuation Fairly Valued
! 12 Warning Signs
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What is Orion Properties EBIT?

Orion Properties ONL -4.17% 68 EBIT is $-112.6 Mil as of Mar. 2026. GuruFocus rates ONL with a GF Score™ of 68/100 and a GF Value™ of $2.80 (Fairly Valued). The stock has 12 warning signs investors should review.

Orion Properties's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was $-6.2 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was $-112.6 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Orion Properties's annualized ROC % for the quarter that ended in Mar. 2026 was 1.14%. Orion Properties's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -31.73%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Orion Properties's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -17.73%.


Orion Properties  (NYSE:ONL) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Orion Properties's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=13.476 * ( 1 - 0% )/( (1151.247 + 1203.458)/ 2 )
=13.476/1177.3525
=1.14 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1170.502 - 41.427 - ( 22.362 - max(0, 133.427 - 111.255+22.362))
=1151.247

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1188.291 - 36.455 - ( 10.274 - max(0, 163.455 - 111.833+10.274))
=1203.458

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Orion Properties's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-24.988/( ( (21.26 + max(47.466, 0)) + (23.667 + max(65.104, 0)) )/ 2 )
=-24.988/( ( 68.726 + 88.771 )/ 2 )
=-24.988/78.7485
=-31.73 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(35.333 + 0 + 53.56) - (41.427 + 0 + 0)
=47.466

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(47.644 + 0 + 53.915) - (36.455 + 0 + 2.8421709430404E-14)
=65.104

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Orion Properties's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=-112.616/635.241
=-17.73 %

* 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.


Orion Properties EBIT Related Terms


Orion Properties EBIT Historical Data

* Premium members only.

The historical data trend for Orion Properties's EBIT 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.

Orion Properties EBIT Chart

Orion Properties Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial -43.04 -67.09 -27.19 -70.13 -107.50

Orion Properties Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT 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 -1.13 -17.02 -61.08 -28.27 -6.25

ONL vs NLOP, FSP, CMCT: EBIT Comparison

For the REIT - Office subindustry, Orion Properties's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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.


Orion Properties EV-to-EBIT vs REITs Industry

For the REITs industry and Real Estate sector, Orion Properties's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Orion Properties's EV-to-EBIT falls into.


ONL
68GF Score
Orion Properties Inc ONL
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Orion Properties EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-112.6 Mil.

* 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of $-112.6 Mil mean?
Orion Properties (ONL) has a EBIT of $-112.6 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Orion Properties.
Is Orion Properties' EBIT too high?
Orion Properties' current EBIT is $-112.6 Mil. Overall, Orion Properties has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Orion Properties' EBIT compare to NLOP and FSP?
Orion Properties' EBIT of $-112.6 Mil can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a REITs company?
A good EBIT depends on the REITs industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Orion Properties. Orion Properties's current EBIT is $-112.6 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Orion Properties stock overvalued right now?
Based on GuruFocus' analysis, Orion Properties (ONL) is currently considered Fairly Valued. The stock's GF Value™ is $2.80, compared to a current price of $2.65 — trading 5.5% below its estimated fair value. The current EBIT is $-112.6 Mil. Orion Properties' overall GF Score™ is 68/100 with 12 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Orion Properties (ONL), the current EBIT is $-112.6 Mil as of Mar. 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 Orion Properties (ONL) Overvalued in 2026?

Based on GuruFocus' analysis, Orion Properties stock appears to be undervalued. The current stock price of $2.65 is trading 5.5% below its estimated GF Value™ of $2.80. GuruFocus considers Orion Properties to be Fairly Valued.

Key valuation signals for ONL:

  • EBIT: $-112.6 Mil
  • GF Value™: $2.80 vs. price of $2.65 (5.5% below fair value)
  • GF Score™: 68/100 with 12 warning signs

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


Orion Properties Business Description

Industry Real EstateREITs
Other Exchanges OY9:Germany
Address 3200 East Camelback Road, Suite 100, Phoenix, AZ, USA, 85018
Orion Properties Inc is an internally managed real estate investment trust engaged in the ownership, acquisition, and management of a diversified portfolio of office properties located in high-quality suburban markets across the United States and leased mainly on a single-tenant net lease basis to creditworthy tenants. Its portfolio is comprised of traditional office properties, as well as governmental, medical office, flex/laboratory, and R&D and flex/industrial properties. The company is focused on shifting its portfolio concentration over time away from traditional office properties, towards more dedicated use assets with specialized uses that include an office component. It operates in one business segment: commercial real estate.
68GF Score

Get the complete analysis for ONL

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

$2.65
Price
$2.80
GF Value