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Origin Energy Ltd (ORG) Fair Value & Analysis

Utilities · AU · Market cap A$18.1B (≈ $13.0B) · ISIN AU000000ORG5

What is Origin Energy Ltd really worth?

OE Origin Energy Ltd ORG · AU
PriceA$11.35
Fair ValueA$7.70
Upside−32.2%
Quality52/100

A solid business, but trading 47% above our fair value of A$7.70.

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Strengths

Ranks above peers (10/14)

Risks

!Mixed Growth (revenue 5y +5.8 %/yr)
!Thin margins · 6.2% net margin
!Low debt · negative free cash flow
!Narrow moat 42/100

For context

·5.29% dividend yield
Evidence: High Range A$5.78 – A$9.63

Fair value as of: Aug 22, 2026

From 15 valuation models · updated 14 days ago

Share price +2.5% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

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.

Price vs Fair Value (5 years)

A$12.79 A$3.21 Fair Value A$7.70 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 22, 2026.

How to read this chart

60‑month range A$3.21 – A$12.79 · fair‑value band A$5.78 – A$9.63 · the A$11.35 price screens above the A$7.70 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 22, 2026.

Full chart & analysis →

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Analysis

Origin Energy Ltd (ORG) currently trades at A$11.35, while our model-based Fair Value estimate is A$7.70, implying the stock looks roughly 47.4% overvalued today. The Quality Score stands at 52/100 (solid quality), in the Utilities sector. Bull case: the Growth Earnings group reads highest at a median of A$11.26 per share, and 3 of the 15 models we run sit above the A$11.35 price. Bear case: the DCF Models group reads lowest at A$2.77, and 12 of the 15 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Origin Energy Ltd 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 22, 2026

Our scenario range runs from A$5.78 (bear case) to A$9.63 (bull case); at A$11.35, 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 12% below its 52-week high and 13% above its 52-week low, currently below its 200-day average. For context, the median of 10 Utilities peers we cover trades at −38% fair-value upside, at −32%, 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, family-balanced 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. Every input is real reported data, nothing guessed.

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
EPV best evidence A$2.32 A$3.11 A$3.80 74
ROIC Compounder A$2.32 A$3.11 A$3.80 72
Owner Earnings A$0.9000 A$2.77 A$5.63 70
All 15 models by family
DCF Models
Owner Earnings A$0.9000 A$2.77 A$5.63 70
Earnings-Based
Graham-Dodd A$5.84 A$18.33 A$24.40 64
Lynch FV A$4.01 A$5.72 A$7.44 61
PEG = 1.0 A$4.01 A$5.72 A$7.44 57
EPV best evidence A$2.32 A$3.11 A$3.80 74
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 63
EV/EBITDA A$1.42 A$2.70 A$3.98 64
EV/Revenue A$2.72 A$4.93 A$7.13 52
Asset-Based
NCAV (Graham) A$2.88 A$3.86 A$5.76 54
Economic Profit
Residual Income A$5.75 A$7.51 A$19.85 67
ROIC Compounder A$2.32 A$3.11 A$3.80 72
Growth Earnings
Growth-Adj P/E A$7.88 A$11.26 A$14.63 67

Widest divergence: Growth Earnings (A$11.26) versus DCF Models (A$2.77). Highest evidence: EPV (74).

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Key figures & financial health

P/E ratio 19.2
P/S ratio 1.66 P/E × margin
EPS (TTM) A$0.5900 price ÷ EPS = P/E 19.2
Dividend yield 5.3% payout 102%
Net margin 8.6% FY2025
Return on equity 10.2% TTM
More key figures
Profitability
Return on assets (EBIT) 3.0% avg 5y
Operating margin 7.7% TTM
Growth
Revenue (TTM) A$16.5B TTM
Revenue growth (YoY) −9.0% 3y avg +6.0%
EPS growth (YoY) −45.3%
Balance sheet & cash flow
Free cash flow −A$1.0B FY2025
Net debt A$4.7B FY2025

Figures from reported company fundamentals · as of Aug 22, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 52/100

Of which business quality 49 · Market factors (momentum, volatility) 53

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 91
Calm price path (market factor)
Momentum 37
Price trend over the last 3–12 months (market factor)
52W Momentum 37
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

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 Ltd 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. revenue 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. revenue 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. revenue 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%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+23.8% (18.5 + 5.3)
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 47% overvalued. Compare with Iberdrola, S.A →

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Cite: Fair Value Calculator (2026). "Origin Energy Ltd 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 · 52 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 · Above median
Fair Value upside −32% · 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) 5.3% · Top 25%
Debt / equity 0.44× · Lower than median

Valuation Multiples vs Utilities - Diversified median · lower = cheaper

P/E (TTM) 19.2× · Pricier than median
P/B 1.32× · Cheaper than median
P/S (TTM) 0.79× · Cheaper than median
EV/EBITDA 13.0× · Pricier than 75% of peers
PEG 2.09× · Cheaper than median

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 5
FUTURE0 · sector 6
PAST41 · sector 37
HEALTH78 · sector 48
DIVIDEND100 · 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

Similar stocks

10 more Utilities - Diversified stocks, each showing price versus our Fair Value estimate (as of Aug 22, 2026).

Stock Price Fair Value vs Fair Value
Iberdrola, S.A IBE €20.28 €8.45 −58%
Enel SpA ENEL €9.42 €4.82 −49%
Engie SA ENGI €24.50 €21.15 −14%
Sempra SRE $84.57 $44.47 −47%
E.ON SE EOAN €17.83 €11.71 −34%
RWE Aktiengesellschaft generates and RWE €59.10 €55.77 −6%
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 €4.70 €3.81 −19%

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Frequently asked questions

Is Origin Energy Ltd (ORG) overvalued or undervalued?
As of Aug 22, 2026, our model estimates a fair value of A$7.70 versus a price of A$11.35, about −32% upside (overvalued).
What is the fair value of ORG?
Our model-based fair value for Origin Energy Ltd is A$7.70 (as of Aug 22, 2026), built from audited fundamentals. The current price: A$11.35.
What is the quality score of ORG?
Origin Energy Ltd 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 Ltd (ORG)?
Origin Energy Ltd reported trailing-twelve-month revenue of about A$16.5B (latest available figure, as of Aug 22, 2026).
What is the net profit margin of ORG?
The net profit margin of Origin Energy Ltd is about 6.2%, meaning it keeps roughly 6.2% of revenue as net income. Based on the latest reported figures.
Does Origin Energy Ltd pay a dividend?
Origin Energy Ltd currently shows a dividend yield of about 5.29% relative to its recent price (as of Aug 22, 2026).
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