OR Royalties (TSX:OR) Enterprise Value: C$8,239.4 Mil (As of Jun. 26, 2026) ***


TSX:OR OR Royalties Inc TSX:OR
93 GF Score
Price C$44.63
GF Value C$52.05
Valuation Modestly Undervalued
! 2 Warning Signs
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What is OR Royalties Enterprise Value?

OR Royalties TSX:OR -0.04% 93 Enterprise Value is C$8,239.4 Mil as of Jun. 26, 2026. GuruFocus rates TSX:OR with a GF Score™ of 93/100 and a GF Value™ of C$52.05 (Modestly Undervalued). The stock has 2 warning signs investors should review.

Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, OR Royalties's Enterprise Value is C$8,239.4 Mil. OR Royalties's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was C$411.7 Mil. Therefore, OR Royalties's EV-to-EBIT ratio for today is 20.01.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, OR Royalties's Enterprise Value is C$8,239.4 Mil. OR Royalties's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was C$466.7 Mil. Therefore, OR Royalties's EV-to-EBITDA ratio for today is 17.65.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, OR Royalties's Enterprise Value is C$8,239.4 Mil. OR Royalties's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was C$447.5 Mil. Therefore, OR Royalties's EV-to-Revenue ratio for today is 18.41.

EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations. As of today, OR Royalties's Enterprise Value is C$8,239.4 Mil. OR Royalties's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was C$373.4 Mil. Therefore, OR Royalties's EV-to-OCF ratio for today is 22.06.

EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, OR Royalties's Enterprise Value is C$8,239.4 Mil. OR Royalties's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was C$194.8 Mil. Therefore, OR Royalties's EV-to-FCF ratio for today is 42.29.

*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.


OR Royalties  (TSX:OR) Enterprise Value Explanation

When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.

If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.

The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.

For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.

Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.

1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.

OR Royalties's EV-to-EBIT for today is

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=8239.382/411.724
=20.01

OR Royalties's current Enterprise Value is C$8,239.4 Mil.
OR Royalties's 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 C$411.7 Mil.

2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.

OR Royalties's EV-to-EBITDA for today is:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA(TTM)
=8239.382/466.689
=17.65

OR Royalties's current Enterprise Value is C$8,239.4 Mil.
OR Royalties'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 C$466.7 Mil.

3. EV-to-Revenue is calculated as Enterprise Value divided by its Revenue.

OR Royalties's EV-to-Revenue for today is:

EV-to-Revenue=Enterprise Value (Today)/Revenue (TTM)
=8239.382/447.474
=18.41

OR Royalties's current Enterprise Value is C$8,239.4 Mil.
OR Royalties's Revenue 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 C$447.5 Mil.

4. EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations.

OR Royalties's EV-to-OCF for today is:

EV-to-OCF=Enterprise Value (Today)/Cash Flow from Operations (TTM)
=8239.382/373.429
=22.06

OR Royalties's current Enterprise Value is C$8,239.4 Mil.
OR Royalties's Cash Flow from Operations 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 C$373.4 Mil.

5. EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow.

OR Royalties's EV-to-FCF for today is:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=8239.382/194.823
=42.29

OR Royalties's current Enterprise Value is C$8,239.4 Mil.
OR Royalties's Free Cash Flow 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 C$194.8 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.


OR Royalties Enterprise Value Related Terms


OR Royalties Enterprise Value Historical Data

* Premium members only.

The historical data trend for OR Royalties's Enterprise Value 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 Enterprise Value Chart

OR Royalties Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Enterprise Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3,019.24 3,068.31 3,630.65 4,915.65 8,910.16

OR Royalties Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Enterprise Value 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 5,704.49 6,573.87 10,424.90 8,910.16 9,804.91

TSX:OR vs NEM, AU: Enterprise Value Comparison

For the Gold subindustry, OR Royalties's Enterprise Value, along with its competitors' market caps and Enterprise Value 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 Enterprise Value vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, OR Royalties's Enterprise Value distribution charts can be found below:

* The bar in red indicates where OR Royalties's Enterprise Value falls into.


TSX:OR
93GF Score
OR Royalties Inc TSX:OR
Enterprise Value is just one metric. See GF Score™, valuation, warning signs, and more.
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OR Royalties Enterprise Value Calculation

Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

OR Royalties's Enterprise Value for the fiscal year that ended in Dec. 2025 is calculated as

OR Royalties's Enterprise Value for the quarter that ended in Mar. 2026 is calculated as

* 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 Enterprise Value →
What does a Enterprise Value of C$8,239.4 Mil mean?
OR Royalties (TSX:OR) has a Enterprise Value of C$8,239.4 Mil as of Jun. 26, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on OR Royalties and its competitors.
Is OR Royalties' Enterprise Value too high?
OR Royalties' current Enterprise Value is C$8,239.4 Mil. Overall, OR Royalties has a GF Score™ of 93/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does OR Royalties' Enterprise Value compare to NEM and AU?
OR Royalties' Enterprise Value of C$8,239.4 Mil can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Enterprise Value for a Metals & Mining company?
A good Enterprise Value depends on the Metals & Mining industry context. However, Enterprise Value 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 Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on OR Royalties and its competitors. OR Royalties's current Enterprise Value is C$8,239.4 Mil. 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 (TSX:OR) is currently considered Modestly Undervalued. The stock's GF Value™ is C$52.05, compared to a current price of C$44.63 — trading 14.3% below its estimated fair value. The current Enterprise Value is C$8,239.4 Mil. OR Royalties' overall GF Score™ is 93/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For OR Royalties (TSX:OR), the current Enterprise Value is C$8,239.4 Mil as of Jun. 26, 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 (TSX:OR) Overvalued in 2026?

Based on GuruFocus' analysis, OR Royalties stock appears to be undervalued. The current stock price of C$44.63 is trading 14.3% below its estimated GF Value™ of C$52.05. GuruFocus considers OR Royalties to be Modestly Undervalued.

Key valuation signals for TSX:OR:

  • Enterprise Value: C$8,239.4 Mil
  • GF Value™: C$52.05 vs. price of C$44.63 (14.3% below fair value)
  • GF Score™: 93/100 with 2 warning signs

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


OR Royalties Business Description

Other Exchanges OR:USA0VBE:UKOM40:Germany
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.
93GF Score

Get the complete analysis for TSX:OR

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

C$44.63
Price
C$52.05
GF Value