Is O or ONL more undervalued in 2026?

CirclFi compares Realty Income Corporation (O) and Orion Properties Inc. (ONL) using 13 institutional-grade valuation models. O has a Quality of Company score of 5.5/10 while ONL scores 5.8/10.

Which is a better buy — O or ONL?

Compare intrinsic values from 13 independent models against current market prices. CirclFi also calculates Value Trap scores. This is not financial advice — conduct your own analysis.

How do O and ONL valuations compare?

O at $61.28 and ONL at $2.98 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

O vs ONL Valuation Comparison 2026 — Intrinsic Value Analysis

O

Real Estate Investment Trusts

Realty Income Corporation

Quality

5.5

out of 10

Value Trap

SAFE

Price

$61.28

Last close

Models

13/13

Active

ONL

Real Estate Investment Trusts

Orion Properties Inc.

Quality

5.8

out of 10

Value Trap

SAFE

Price

$2.98

Last close

Models

10/13

Active

Model-by-Model Comparison

Model	Type	O Fair Value	O Upside	ONL Fair Value	ONL Upside
Bayesian DCF	Intrinsic	$6.83	-89.0%	—	—
Earnings Power Value	Intrinsic	$22.31	-65.2%	—	—
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$53.31	-13.0%	$2.16	-27.5%
Markov DDM	Intrinsic	$4.45	-92.7%	$1.01	-65.9%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
Dynamic NAV	Asset-Based	$•••.••	••.•%	$•••.••	••.•%
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%
RCMH-DCF	Intrinsic	$•••.••	••.•%	$•••.••	••.•%

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O vs ONL — Which Stock Is More Undervalued?

ONL scores higher with a 5.8/10 quality rating vs O's 5.5/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Realty Income Corporation (O) and Orion Properties Inc. (ONL) across 13 institutional-grade valuation models reveals how each company's intrinsic value stacks up against its market price. CirclFi's engine processes SEC EDGAR 10-K and 10-Q filings, FRED macroeconomic data, and GDELT news sentiment to generate independent fair value estimates daily.

O currently trades at $61.28 with a QOC of 5.5/10, while ONL trades at $2.98 with a QOC of 5.8/10.

Both companies are analyzed with models spanning intrinsic (Bayesian DCF, EPV), scenario-based (First Chicago), regime-switching (Markov DDM, RCMH-DCF), machine learning (ML-RIV, FTNN Topology), and ensemble methods (CUCE).