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Origin Energy Limited (ORG) Fair Value & Analysis

Utilities · AU · Market cap A$18.1B

OE Origin Energy Limited ORG · AU
PriceA$11.86
Fair ValueA$7.70
Upside-35.1%
Quality52/100
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Mixed Growth
Thin margins · 6.2% net margin
Low debt · negative free cash flow
5.73% dividend yield
Ranks above peers (9/14)
Narrow moat 42/100
Evidence: Medium Range A$5.78 – A$9.63 Share as image

Fair value as of: Aug 13, 2026

From 15 valuation models · updated yesterday

Fair value updated Aug 13, 2026, revised from A$10.36 to A$7.70 (−25.7%) since Jul 16, 2026. Share price +13.3% over the past month.

A solid business, but screening 35% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (A$9.63). The favourable scenario is already priced in.
  • Solid but not exceptional quality (52/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

A$12.79 A$3.10 Fair Value A$7.70 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range A$3.10 – A$12.79 · fair‑value band A$5.78 – A$9.63 · the A$11.86 price screens above the A$7.70 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Origin Energy Limited (ORG) currently trades at A$11.86, while our model-based Fair Value estimate is A$7.70, implying the stock looks roughly 35.1% overvalued today. The Quality Score stands at 52/100 (solid quality), in the Utilities sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Origin Energy Limited generated revenue of A$16.5B at a net margin of 6.2%. Revenue declined 9.0% year over year. It earns a return on equity of 10.2%. Net debt stands at A$4.7B. Fundamentals as of Aug 13, 2026

Our scenario range runs from A$5.78 (bear case) to A$9.63 (bull case); at A$11.86, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 8% below its 52-week high and 18% above its 52-week low, currently below its 200-day average. For context, the median of 10 Utilities peers we cover trades at -48% fair-value upside, at -35%, ORG screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Residual Income A$5.75 A$7.51 A$19.85 76
ROIC Compounder A$2.32 A$3.11 A$3.80 72
Growth-Adj P/E A$7.96 A$11.38 A$14.79 68
All 15 models by family
DCF Models
Owner Earnings A$0.9300 A$2.85 A$5.81 31
Earnings-Based
Graham-Dodd A$5.84 A$18.80 A$25.08 54
Lynch FV A$4.17 A$5.96 A$7.75 50
PEG = 1.0 A$4.17 A$5.96 A$7.75 46
EPV A$2.32 A$3.11 A$3.80 59
Multiples
P/E Multiple A$9.02 A$12.03 A$15.03 63
P/S Multiple A$8.94 A$11.92 A$14.90 58
P/B Multiple A$7.77 A$10.36 A$12.96 55
EV/EBIT A$1.82 A$3.23 A$4.64 53
EV/EBITDA A$1.42 A$2.70 A$3.98 54
EV/Revenue A$2.72 A$4.93 A$7.13 43
Asset-Based
NCAV (Graham) A$2.88 A$3.86 A$5.76 50
Economic Profit
Residual Income A$5.75 A$7.51 A$19.85 76
ROIC Compounder A$2.32 A$3.11 A$3.80 72
Growth Earnings
Growth-Adj P/E A$7.96 A$11.38 A$14.79 68

Widest divergence: Growth Earnings (A$11.38) versus DCF Models (A$2.85). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) A$16.5B
Revenue growth (YoY) -9.0%
Net margin 6.2%
Return on equity 10.2%
Free cash flow −A$1.0B FY2025
P/E ratio 20.1
More key figures
Operating margin 7.7%
EPS (TTM) A$0.5900
Dividend yield 5.7%
EPS growth (YoY) -45.3%
Net debt A$4.7B FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 52/100

Of which business quality 49 · Market factors (momentum, volatility) 59

Profitability 47
Margins and returns on capital today
Quality Growth 56
Are margins and returns improving?
Cashflow 5
Earnings quality: real cash, not paper profit
Fin. Strength 46
Balance sheet, leverage, solvency risk
Investment 88
Disciplined investing over empire-building
Low Volatility 90
Calm price path (market factor)
Momentum 42
Price trend over the last 3–12 months (market factor)
52W Momentum 51
Distance to the 52-week high (market factor)
Net Issuance 86
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Origin Energy Limited, an integrated energy company, engages in the exploration and production of natural gas, electricity generation, wholesale and retail sale of electricity and gas, and sale of liquefied natural gas in Australia and internationally. The company operates through Energy Markets, Share of Octopus Energy, and Integrated Gas segments.

Full company description

Origin Energy Limited, an integrated energy company, engages in the exploration and production of natural gas, electricity generation, wholesale and retail sale of electricity and gas, and sale of liquefied natural gas in Australia and internationally. The company operates through Energy Markets, Share of Octopus Energy, and Integrated Gas segments. Its exploration and production portfolio includes the Bowen and Surat basins in Queensland; the Browse basin in Western Australia; and the Cooper-Eromanga basins in Queensland. The company also generates electricity from coal, wind, and solar; sells electricity, natural gas, and LPG; and provides GreenPower products. In addition, it sells, installs, repairs, and maintains solar photovoltaic systems and battery solutions; and offers internet products and services to residential and business customers. Further, the company engages in the e-mobility business. Origin Energy Limited was incorporated in 1946 and is based in Barangaroo, Australia.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Origin Energy Limited reported revenue of A$17.1B in FY2025 versus A$11.9B in FY2021, a compound +9.6%/yr. Reported net income was A$1.5B in FY2025.

Growth Quality 31/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
A$17.1B
Latest YoY
+7.1%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+6.0%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+5.8%
Avg. growth/yr (28Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+11.1%
Revenue +9.6%/yr
FY21 A$11.9B
FY22 A$14.4B
FY23 A$16.4B
FY24 A$16.0B
FY25 A$17.1B
Net income
FY21 −A$2.3B
FY22 −A$1.4B
FY23 A$1.1B
FY24 A$1.4B
FY25 A$1.5B

ORG screens 35% overvalued. Compare with Iberdrola, S.A →

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Cite: Fair Value Calculator (2026). "Origin Energy Limited Fair Value". https://www.fairvalue-calculator.com/stock/ORG

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Utilities - Diversified · 51 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 52 · Top 25%
Fair Value upside −35% · Below median
Return on equity (TTM) 10% · Above median
Return on assets 3% · Above median
Net margin (TTM) 6% · Above median
Operating margin (TTM) 8% · Below median
Revenue growth -9% · Bottom 25%
Dividend yield (TTM) 5.7% · Top 25%
Debt / equity 0.44× · Lower than 75% of peers

Valuation Multiples vs Utilities - Diversified median · lower = cheaper

P/E (TTM) 20.1× · Pricier than median
P/B 1.29× · Cheaper than median
P/S (TTM) 0.78× · Cheaper than median
EV/EBITDA 12.8× · Pricier than 75% of peers
PEG 2.09× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 4
FUTURE 0 · sector 8
PAST 41 · sector 34
HEALTH 78 · sector 48
DIVIDEND 100 · sector 81

VALUE 0: the price sits above our fair-value range.

Insider activity: 30/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Utilities - Diversified stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Iberdrola, S.A IBE €20.30 €8.45 -58%
Enel SpA ENEL €9.72 €4.82 -50%
Engie SA 1ENGI €25.96 €17.39 -33%
Sempra SRE $85.92 $44.47 -48%
E.ON SE EOAN €18.42 €11.71 -36%
RWE Aktiengesellschaft generates and 1RWE €59.36 €29.64 -50%
ACWA Power Company 2082 184.00 SAR 24.19 SAR -87%
Brookfield Infrastructure Partners L.P. BIPUN C$54.99 C$34.34 -38%
EnBW Energie Baden-Württemberg AG EBK €68.60 €21.11 -69%
EDP, S.A EDP €4.47 €3.81 -15%

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Frequently asked questions

Is Origin Energy Limited (ORG) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of A$7.70 versus a price of A$11.86, about −35% (overvalued).
What is the fair value of ORG?
Our model-based fair value for Origin Energy Limited is A$7.70 (as of Aug 13, 2026), built from audited fundamentals. The current price is A$11.86.
What is the quality score of ORG?
Origin Energy Limited has a Quality Score of 52/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Origin Energy Limited (ORG)?
Origin Energy Limited reported trailing-twelve-month revenue of about A$16.5B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of ORG?
The net profit margin of Origin Energy Limited is about 6.2%, meaning it keeps roughly 6.2% of revenue as net income. Based on the latest reported figures.
Does Origin Energy Limited pay a dividend?
Origin Energy Limited currently shows a dividend yield of about 5.53% relative to its recent price (as of Aug 13, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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