EN DE
Watch Ore Resources Limited for free: we tell you when fair value or trend changes.
Data-driven stock valuation

Ore Resources Limited (OR3) fair value: what the stock is really worth

As of Nov 9, 2026: fair value (intrinsic value) of Ore Resources Limited stock A$0.03, price A$0.04, that is 26.9% below the price, quality 39 out of 100. Rating: overvalued. Calculated from audited financials with one of our 26 valuation models and 37 quality factors, updated daily.

  1. Keep an eye on it?Free in your watchlist: 5 stocks without an account, 10 with one Yes, for free

Basic Materials AU · ISIN AU0000436933

OR Ore Resources Limited logo Thin data Nov 3, 2026

Ore Resources Limited

OR3 · AU
Expensive, weak quality

Our calculation puts a fair price 27% below what the stock costs today.

Expensive Growth (revenue YoY +1005.5 %/yr in AUD)
Revenue last quarter 87% below a year ago.
Fair value A$0.0293 · Overvalued
Quality 39/100
Negative free cash flow
Trails peers (2/6)
Narrow moat 10/100 · thin data
Thin data
⟳ Cyclical
Watch Ore Resources Limited for free: we tell you when fair value or trend changes. Watch for free

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

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

Price vs Fair Value

A$0.2150 A$0.0160 Fair Value A$0.0293 Jul 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 3, 2026.

How to read this chart

60‑month range A$0.0160 – A$0.2150 · the A$0.0400 price screens above the A$0.0293 fair value. As of Nov 3, 2026.

Follow Ore Resources in your weekly email

Every Wednesday you see whether Ore Resources is on track or worth a review, plus price against fair value. Free, up to 3 stocks.

We send you a confirmation link. Unsubscribe with one click.

Which stocks are undervalued right now? Check free Discover now →

Company profile

Ore Resources Limited explores for and develops mineral properties in Australia and the United States. It primarily explores for lithium, cobalt, nickel, zinc, gold, copper, REE, and base and precious metal deposits.

Show moreShow less

The company was formerly known as Future Battery Minerals Limited and changed its name to Ore Resources Limited in November 2025. Ore Resources Limited was incorporated in 2011 and is based in West Perth, Australia.

Stock analysis

Ore Resources Limited (OR3) currently trades at A$0.0400, while our model-based Fair Value estimate is A$0.0293, 27% below the price, so the stock looks overvalued today.

Show more

Valuation

How firm this estimate is: it rests on 1 models at a data quality of 87/100, which puts the data coverage at low.

Quality & growth

The Quality Score stands at 39/100 (below-average quality), in the Basic Materials sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Ore Resources Limited reported revenue of A$175K in FY2025 versus A$19.3K in FY2023, a compound +200.7%/yr. Reported net income was −A$2.9M in FY2025.

Key figures

Market cap A$34.7M (≈ $23.9M) Micro · Return on equity −10.8% · Return on assets (EBIT) −23.6% (4-year average) · Operating margin −485% · Revenue (TTM) A$202K · Revenue growth (YoY) −86.5% · Free cash flow −A$9.2M.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 10 out of 100 (low confidence).

What moves the price

The share trades about 60% below its 52-week high and at its 52-week low, currently below its 200-day average.

For context, the median of 10 Basic Materials peers we cover trades at −8% fair-value upside, at −27%, OR3 screens richer than that median.

Fair Value models

Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
NCAV (Graham) n/a A$0.0100 A$0.0100 50
All 1 models by family
Asset-Based
NCAV (Graham) n/a A$0.0100 A$0.0100 50

Open the full fair value analysis →

Quality Score breakdown

Overall quality 39/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 0
How much profit the company makes from its sales and capital
Quality Growth 91
Are margins and returns getting better?
Cashflow 2
Do the profits arrive as real cash?
Financial strength 80
Debt, balance sheet and risk of trouble
Investment 49
Does it invest with discipline instead of growing at any price?
Low Volatility 9
How calm the share price moves, does not count
Price momentum 21
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 13
Distance to the 52-week high, does not count
New shares 32
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 38/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

OR3 screens overvalued: fair value 27% below the price. Compare with BHP Group →

Compare Ore Resources Limited with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Peer Groupⓘ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.Other Industrial Metals & Mining · 372 stocks

Beats the industry median on 2/5 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 39 · Below median
Fair Value upside −26.8% · Above median
Profitability
Return on assets −9.8% · Below median
Growth and dividend
Revenue growth (quarter YoY) −86.5% · Bottom 25%

Valuation Multiplesvs Other Industrial Metals & Mining median · lower = cheaper

P/B 1.20× · Cheaper than median

Context: sector, industry, market

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 Other Industrial Metals & Mining stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Vedanta Limited VEDL ₹261.75 ₹334.17 +28% vs OR3
Saudi Arabian Mining Company 1211 58.25 SAR 64.96 SAR +12% vs OR3
Hindustan Zinc Limited HINDZINC ₹568.10 ₹624.91 +10% vs OR3
Western Mining Co 601168 ¥27.56 ¥30.32 +10% vs OR3
Boliden AB BOL kr 503.40 kr 464.45 −8% vs OR3
BHP Group BHP A$59.20 A$47.85 −19% vs OR3
Zhejiang Huayou Cobalt Co 603799 ¥33.04 ¥25.57 −23% vs OR3
Korea Zinc Company 010130 960,000 KRW 649,125 KRW −32% vs OR3
CMOC Group 603993 ¥13.29 ¥6.82 −49% vs OR3
China Tungsten And Hightech Materials Co 000657 ¥38.65 ¥4.44 −89% vs OR3

Explore undervalued stocks

More undervalued Basic Materials stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued High-Quality StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend StocksUndervalued 52-Week Low Stocks

Try a ready-made strategy

Pick a strategy and jump into the live analysis with that exact screen applied.

🥇 Backtested Best 🏆 Big Names 💎 Quality on Sale 🚀 Profitable Growth 🧊 Quality Compounders 💵 Dividend Stars 📈 Strong Momentum 📉 Fallen Angels ⚖️ Deeply Undervalued 🔍 Small-Cap Gems 🏰 Moat at a Fair Price 💼 Insider Buying 🎩 Buffett-Style Quality 📚 Peter Lynch GARP 🧮 Greenblatt Magic Formula 🛡️ Graham Defensive

Discover tools

Stock screenerFilter by region, size and sector Compare toolTwo stocks side by side Extrinsic Value Calculator…Free calculator Peter Lynch Fair Value Formula &…Free calculator
Run the numbers yourself: free valuation calculators
DCF CalculatorP/E Ratio CalculatorPEG Ratio CalculatorGraham NumberPeter Lynch FormulaDDM CalculatorIntrinsic ValueIntrinsic vs Extrinsic ValueP/E Ratio by Sector
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Ore Resources Limited: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Ore Resources Limited Fair Value". https://www.fairvalue-calculator.com/stock/OR3

Frequently asked questions

Is Ore Resources Limited (OR3) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of A$0.0293 versus a price of A$0.0400, about 27% lower (overvalued).
What is the fair value of OR3?
Our model-based fair value for Ore Resources Limited is A$0.0293 (as of Nov 3, 2026), built from audited fundamentals. The current price: A$0.0400.
What is the quality score of OR3?
Ore Resources Limited has a Quality Score of 39/100. 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 price target for Ore Resources Limited (OR3)?
Our model-based price target is the fair value of A$0.0293 (as of Nov 3, 2026) from 1 valuation models. It is a calculation from audited fundamentals, not an analyst target.
What is the Ore Resources Limited stock forecast for 2026?
Our models put fair value at A$0.0293, about 27% lower versus a price of A$0.0400 (overvalued). The calculation is refreshed regularly with new filings.
What is the revenue of Ore Resources Limited (OR3)?
Ore Resources Limited reported trailing-twelve-month revenue of about A$202K (latest available figure, as of Nov 3, 2026).
What is the intrinsic value of Ore Resources Limited (OR3)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Ore Resources Limited it is A$0.0293 per share (as of Nov 3, 2026), against a price of A$0.0400. It is the blended result of 1 valuation models in 1 family (Asset-Based).
Is Ore Resources Limited stock overvalued or undervalued in 2026?
As of Nov 3, 2026, OR3 trades above its calculated fair value: price A$0.0400, fair value A$0.0293, a gap of about −27% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of OR3?
No. The price is what the market pays today (A$0.0400); the fair value is what the company's own numbers justify (A$0.0293). For Ore Resources Limited the two are A$0.0108 per share apart. That gap is exactly why we show both numbers side by side.
How much is Ore Resources Limited worth?
The market values Ore Resources Limited at about A$34.7M (market capitalisation, as of Nov 3, 2026). Per share that is A$0.0400; our models calculate a fair value of A$0.0293 per share.
How solid is the balance sheet of Ore Resources Limited (OR3)?
Balance-sheet figures for Ore Resources Limited (as of Nov 3, 2026): return on equity −10.8%. They feed the Quality Score of 39/100, which measures business quality independently of the share price.
How far is OR3 from its 52-week high?
Ore Resources Limited trades at A$0.0400, about 60% below its 52-week high of A$0.0990 and at the low of A$0.0400 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of A$0.0293 is for.
Which stocks are comparable to Ore Resources Limited?
From the same area (Basic Materials) we also value BHP Group, Saudi Arabian Mining Company, CMOC Group, Hindustan Zinc Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Ore Resources Limited stock attractive at the current price?
The data as of Nov 3, 2026: price A$0.0400, calculated fair value A$0.0293 (−27%), Quality Score 39/100, from 1 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of OR3 calculated?
We run Ore Resources Limited through 1 models from 1 family: Asset-Based. Every model gets the same audited fundamentals; the fair value of A$0.0293 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Ore Resources Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Ore Resources Limited (OR3)?
The closing price on Nov 9, 2026 was A$0.0400. Our model-based fair value is A$0.0293, about 27% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Ore Resources Limited right now?
Weak quality (39/100) and above fair value at the same time, the margin of safety is missing on both counts. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Key figures of Ore Resources Limited

How large is the market capitalisation of Ore Resources Limited (OR3)?
The market capitalisation of Ore Resources Limited is A$34.7M (≈ $23.9M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the return on equity of Ore Resources Limited (OR3)?
The return on equity (ROE) of Ore Resources Limited is −10.8% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Ore Resources Limited (OR3)?
On an EBIT basis the return on assets of Ore Resources Limited is −23.6% (avg 4y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Ore Resources Limited (OR3)?
The operating margin of Ore Resources Limited is −485% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Ore Resources Limited (OR3)?
Revenue at Ore Resources Limited is growing −86.5% versus a year earlier. How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Ore Resources Limited (OR3) generate?
The free cash flow of Ore Resources Limited is −A$9.2M (fiscal year 2024). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
Free · no account needed

Watch Ore Resources Limited in the live analysis

One click puts Ore Resources Limited on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.

Watch for free →

Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.