Old Republic International Corporation
$11.33B- Market cap
- $10.00B
- Debt
- +$1.59B
- Cash
- −$263.20M
Capital structure 86% equity / 14% debt · EV / Revenue 1.24x · EV / EBITDA 8.84x
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
Decision snapshot: ORI stock price at discount vs IIPR $41.43 current versus $54.14 implied using P/E multiple.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at IIPR's multiple
Implied fair value · at ORI's multiple
Snapshot Sep 4, 4:00 PM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth edge
Pricing power
Operating leverage
Multiple discount
Value edge
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: ORI FY 2025 (ended Dec 31, 2025) · IIPR FY 2025 (ended Dec 31, 2025).
Trendline
Five fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Capital structure 86% equity / 14% debt · EV / Revenue 1.24x · EV / EBITDA 8.84x
Capital structure 80% equity / 20% debt · EV / Revenue 7.23x · EV / EBITDA 9.22x
ORI carries the larger enterprise value at $11.33B against $1.92B; ORI trades on the lower EV / Revenue multiple (1.24x vs 7.23x); ORI on the lower EV / EBITDA (8.84x vs 9.22x).
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
OLD REPUBLIC INTERNATIONAL CORPORATION · implied price per share
Five annual free-cash-flow observations are required for the filing-backed baseline.
Innovative Industrial Properties, Inc. · implied price per share
Five annual free-cash-flow observations are required for the filing-backed baseline.
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Not enough data to score either balance sheet.
Debt / equity
Total debt against shareholders' equity
0.27x
0.21x
Net debt / EBITDA
Leverage against operating earnings
1.03x
1.66x
Cash and equivalents
Liquid reserves on the balance sheet
$263.20M
$47.60M
Total debt
Interest-bearing obligations outstanding
Comparable set
Where the pair sits against the wider comparable set.
Keep comparing
Open adjacent comparisons from the same industry to pressure-test the read across multiple pairs.
AXIS CAPITAL HOLDINGS LTD
ORI vs AXS
MARKEL GROUP INC.
ORI vs MKL
TRAVELERS COMPANIES, INC.
ORI vs TRV
REALTY INCOME CORP
ORI vs O
AGREE REALTY CORP
ORI vs ADC
HEALTHPEAK PROPERTIES, INC.
ORI vs DOC
LTC PROPERTIES INC
ORI vs LTC
Sabra Health Care REIT, Inc.
ORI vs SBRA
OMEGA HEALTHCARE INVESTORS INC
ORI vs OHI
$1.59B
$393.72M
LLM-powered synthesis
An on-demand narrative read of the same deterministic data.
The deterministic comparison remains available. Sign in when you want an on-demand narrative synthesis of the same data.