Orion PropertiesONL -0.72%68 PB Ratio is 0.26 as of Jun. 25, 2026, which is 13% below its 10-year median of 0.30. 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. Among 929 REITs companies, Orion Properties ranks better than 96.12% on this metric.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2026-06-25), Orion Properties's share price is $2.74. Orion Properties's Book Value per Share for the quarter that ended in Mar. 2026 was $10.71. Hence, Orion Properties's PB Ratio of today is 0.26.
Warning Sign:
Orion Properties Inc stock PB Ratio (=0.26) is close to 1-year high of 0.28.
The historical rank and industry rank for Orion Properties's PB Ratio or its related term are showing as below:
ONL'
s PB Ratio Range Over the Past 10 Years
Min: 0.12 Med: 0.3 Max: 2.7
Current: 0.26
During the past 8 years, Orion Properties's highest PB Ratio was 2.70. The lowest was 0.12. And the median was 0.30.
ONL's PB Ratio is ranked better than 96.12% of 929
companies
in the REITs industry
Industry Median: 0.86
vs ONL: 0.26
During the past 12 months, Orion Properties's average Book Value Per Share Growth Rate was -20.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -13.70% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -0.50% per year.
During the past 8 years, the highest 3-Year average Book Value Per Share Growth Rate of Orion Properties was 22.40% per year. The lowest was -13.70% per year. And the median was 4.65% per year.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Orion Properties PB Ratio Related Terms
Orion Properties PB Ratio Historical Data
* Premium members only.
The historical data trend for Orion Properties's PB Ratio 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.
For the REIT - Office subindustry, Orion Properties's PB Ratio, along with its competitors' market caps and PB Ratio 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 PB Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Orion Properties's PB Ratio distribution charts can be found below:
* The bar in red indicates where Orion Properties's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Orion Properties (ONL) has a PB Ratio of 0.26 as of Jun. 25, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Orion Properties and its competitors. This is 13% below median its historical median of 0.30. Over the past decade, Orion Properties' PB Ratio has ranged from 0.12 to 2.70. According to the industry distribution chart, Orion Properties ranks #36 out of 929 companies in the REITs industry, placing it in the top 3.9%.
Is Orion Properties' PB Ratio too high?
Orion Properties' current PB Ratio of 0.26 is 13% below median its 10-year median of 0.30. Over the past 10 years, this metric has ranged from a low of 0.12 to a high of 2.70. The REITs industry median PB Ratio is 0.86. Orion Properties' value of 0.26 is 69.8% below this industry median. Based on the distribution chart, Orion Properties ranks #36 out of 929 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. 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' PB Ratio compare to NLOP and FSP?
According to the REITs industry distribution chart, Orion Properties ranks #36 out of 929 companies for PB Ratio. This places Orion Properties in the top 4% of its industry — outperforming the majority of peers. The industry median PB Ratio is 0.86. Orion Properties' value of 0.26 is 69.8% below this benchmark. Historically, Orion Properties' own PB Ratio has ranged from 0.12 to 2.70 over the past decade. While the company's 10-year median is 0.30 vs. the industry median of 0.86, Orion Properties has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good PB Ratio for a REITs company?
The median PB Ratio among REITs companies is 0.86, based on 929 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Orion Properties's current PB Ratio of 0.26 is 69.8% below 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Orion Properties and its competitors. For the REITs industry, the median PB Ratio is 0.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Orion Properties's current PB Ratio is 0.26, which is 13% below median its own 10-year median of 0.30. 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 $2.74 — trading 2.1% below its estimated fair value. The current PB Ratio is 0.26, which is 13% below median its 10-year median of 0.30 and 69.8% below the REITs industry median of 0.86. 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 PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Orion Properties (ONL), the current PB Ratio is 0.26 as of Jun. 25, 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 $2.74 is trading 2.1% below its estimated GF Value™ of $2.80.
GuruFocus considers Orion Properties to be Fairly Valued.
Key valuation signals for ONL:
PB Ratio: 0.26 (13% below median its 10-year median of 0.30)
GF Value™: $2.80 vs. price of $2.74 (2.1% below fair value)
Industry Position: 69.8% below the REITs median (#36 of 929)
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 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
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