ONL (Orion Properties) EV-to-EBITDA: -11.20 (As of Aug. 05, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ONL Orion Properties Inc ONL
66 GF Score
Price $2.65
GF Value $2.78
Valuation Fairly Valued
! 11 Warning Signs
View Full Analysis

What is Orion Properties EV-to-EBITDA?

Orion Properties ONL -2.21% 66 EV-to-EBITDA is -11.20 as of Aug. 05, 2026. GuruFocus rates ONL with a GF Score™ of 66/100 and a GF Value™ of $2.78 (Fairly Valued). The stock has 11 warning signs investors should review. Among 672 REITs companies, Orion Properties ranks worse than 148809.38% on this metric.

EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Orion Properties's enterprise value is $635.5 Mil. Orion Properties's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was $-56.7 Mil. Therefore, Orion Properties's EV-to-EBITDA for today is -11.20.

The historical rank and industry rank for Orion Properties's EV-to-EBITDA or its related term are showing as below:

ONL' s EV-to-EBITDA Range Over the Past 10 Years
Min: -14.9   Med: 14.83   Max: 1866.33
Current: -11.2

During the past 8 years, the highest EV-to-EBITDA of Orion Properties was 1866.33. The lowest was -14.90. And the median was 14.83.

ONL's EV-to-EBITDA is ranked worse than
100% of 672 companies
in the REITs industry
Industry Median: 15.585 vs ONL: -11.20

EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.

As of today (2026-08-05), Orion Properties's stock price is $2.65. Orion Properties's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was $-2.560. Therefore, Orion Properties's PE Ratio (TTM) for today is At Loss.

The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).


Orion Properties  (NYSE:ONL) EV-to-EBITDA Explanation

EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

Orion Properties's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=2.65/-2.560
=At Loss

Orion Properties's share price for today is $2.65.
Orion Properties's Earnings per Share (Diluted) 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 $-2.560.

* 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.

Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).

Please read Which price ratio outperforms the enterprise multiple?


Orion Properties EV-to-EBITDA Related Terms


Orion Properties EV-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Orion Properties's EV-to-EBITDA 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 EV-to-EBITDA Chart

Orion Properties Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-EBITDA
Get a 7-Day Free Trial 1,866.33 15.41 9.36 22.27 -11.69

Orion Properties Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EV-to-EBITDA 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 15.75 24.34 -14.96 -11.69 -10.70

ONL vs NLOP, FSP, CMCT: EV-to-EBITDA Comparison

For the REIT - Office subindustry, Orion Properties's EV-to-EBITDA, along with its competitors' market caps and EV-to-EBITDA 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-EBITDA vs REITs Industry

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

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


ONL
66GF Score
Orion Properties Inc ONL
EV-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Orion Properties EV-to-EBITDA Calculation

Orion Properties's EV-to-EBITDA for today is calculated as:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA (TTM)
=635.525/-56.733
=-11.20

Orion Properties's current Enterprise Value is $635.5 Mil.
Orion Properties's EBITDA 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 $-56.7 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 EV-to-EBITDA →
What does a EV-to-EBITDA of -11.20 mean?
Orion Properties (ONL) has a EV-to-EBITDA of -11.20 as of Aug. 05, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Orion Properties. According to the industry distribution chart, Orion Properties ranks #999999 out of 672 companies in the REITs industry.
Is Orion Properties' EV-to-EBITDA too high?
Orion Properties' current EV-to-EBITDA is -11.20. Based on the distribution chart, Orion Properties ranks #999999 out of 672 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Orion Properties has a GF Score™ of 66/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Orion Properties' EV-to-EBITDA compare to NLOP and FSP?
According to the REITs industry distribution chart, Orion Properties ranks #999999 out of 672 companies for EV-to-EBITDA. This places Orion Properties in the lower half of its industry. The industry median EV-to-EBITDA is 15.59. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-EBITDA for a REITs company?
The median EV-to-EBITDA among REITs companies is 15.59, based on 672 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA 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 EV-to-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Orion Properties. For the REITs industry, the median EV-to-EBITDA is 15.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Orion Properties's current EV-to-EBITDA is -11.20. 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 $2.78, compared to a current price of $2.65 — trading 4.7% below its estimated fair value. The current EV-to-EBITDA is -11.20. Orion Properties' overall GF Score™ is 66/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For Orion Properties (ONL), the current EV-to-EBITDA is -11.20 as of Aug. 05, 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 4.7% below its estimated GF Value™ of $2.78. GuruFocus considers Orion Properties to be Fairly Valued.

Key valuation signals for ONL:

  • EV-to-EBITDA: -11.20
  • GF Value™: $2.78 vs. price of $2.65 (4.7% below fair value)
  • GF Score™: 66/100 with 11 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.
66GF Score

Get the complete analysis for ONL

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

$2.65
Price
$2.78
GF Value