Franco-Nevada (NYSE:FNV) Shiller PE Ratio

: 78.06 (As of Today)

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As of today (2023-10-02), Franco-Nevada's current share price is $133.49. Franco-Nevada's E10 for the quarter that ended in Jun. 2023 was $1.71. Franco-Nevada's Shiller PE Ratio for today is 78.06.

The historical rank and industry rank for Franco-Nevada's Shiller PE Ratio or its related term are showing as below:

FNV' s Shiller PE Ratio Range Over the Past 10 Years
Min: 79.88 Med: 143.03 Max: 286.89
Current: 80.03

During the past years, Franco-Nevada's highest Shiller PE Ratio was 286.89. The lowest was 79.88. And the median was 143.03.

FNV's Shiller PE Ratio is ranked worse than
90.3% of 361 companies
in the Metals & Mining industry
Industry Median: 20.88 vs FNV: 80.03

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Franco-Nevada's adjusted earnings per share data for the three months ended in Jun. 2023 was $0.960. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $1.71 for the trailing ten years ended in Jun. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation

Franco-Nevada Shiller PE Ratio Historical Data

The historical data trend for Franco-Nevada's Shiller PE Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Franco-Nevada Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Shiller PE Ratio

144.25

162.56

161.79

113.96

91.21

Franco-Nevada Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Shiller PE Ratio																93.53	88.01	91.21	92.46	83.33

Competitive Comparison

For the Gold subindustry, Franco-Nevada's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Annual Data Quarterly Data

Franco-Nevada Shiller PE Ratio Distribution

For the Metals & Mining industry and Basic Materials sector, Franco-Nevada's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Franco-Nevada's Shiller PE Ratio falls in comparison to its industry or sector. The grey bar indicates the Shiller PE Ratio's extreme value range as defined by GuruFocus.

Franco-Nevada Shiller PE Ratio Calculation

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Franco-Nevada's Shiller PE Ratio for today is calculated as

Shiller PE Ratio	=	Share Price	/	E10
	=	133.49	/	1.71
	=	78.06

Franco-Nevada's E10 for the quarter that ended in Jun. 2023 is calculated as:

For example, Franco-Nevada's adjusted earnings per share data for the three months ended in Jun. 2023 was:

Adj_EPS	=	Earnings per Share (Diluted)	/	CPI of Jun. 2023 (Change)	*	Current CPI (Jun. 2023)
	=	0.96	/	124.2033	*	124.2033
	=	0.960

Current CPI (Jun. 2023) = 124.2033.

Franco-Nevada Quarterly Data

	Earnings per Share (Diluted)	CPI	Adj_EPS
201309	0.241	97.419	0.307
201312	-0.553	96.945	-0.708
201403	0.241	98.604	0.304
201406	0.251	99.473	0.313
201409	0.221	99.394	0.276
201412	-0.010	98.367	-0.013
201503	0.121	99.789	0.151
201506	0.141	100.500	0.174
201509	0.101	100.421	0.125
201512	-0.201	99.947	-0.250
201603	0.181	101.054	0.222
201606	0.241	102.002	0.293
201609	0.302	101.765	0.369
201612	-0.030	101.449	-0.037
201703	0.251	102.634	0.304
201706	0.251	103.029	0.303
201709	0.322	103.345	0.387
201712	0.231	103.345	0.278
201803	0.352	105.004	0.416
201806	0.291	105.557	0.342
201809	0.281	105.636	0.330
201812	-0.171	105.399	-0.202
201903	0.352	106.979	0.409
201906	0.342	107.690	0.394
201909	0.543	107.611	0.627
201912	0.603	107.769	0.695
202003	-0.523	107.927	-0.602
202006	0.503	108.401	0.576
202009	0.814	108.164	0.935
202012	0.925	108.559	1.058
202103	0.905	110.298	1.019
202106	0.925	111.720	1.028
202109	0.874	112.905	0.961
202112	1.137	113.774	1.241
202203	0.950	117.646	1.003
202206	1.020	120.806	1.049
202209	0.824	120.648	0.848
202212	0.846	120.964	0.869
202303	0.810	122.702	0.820
202306	0.960	124.203	0.960

Add all the adjusted EPS together and divide 10 will get our E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

Franco-Nevada (NYSE:FNV) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.

Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.

Franco-Nevada Shiller PE Ratio Related Terms

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Franco-Nevada (NYSE:FNV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Franco-Nevada Corp (NYSE:FNV) » Definitions » Shiller PE Ratio

Comparable Companies

Traded in Other Exchanges

3FO:Germany FNV:Canada F2NV34:Brazil

Address

199 Bay Street, Suite 2000, P.O. Box 285, Commerce Court Postal Station, Toronto, ON, CAN, M5L 1G9

Website

https://www.franco-nevada.com

Franco-Nevada Corp is a precious-metals-focused royalty and investment company. The company owns a diversified portfolio of precious metals and royalty streams, which is actively managed to generate the bulk of its revenue from gold, silver, and platinum. The company does not operate mines, develop projects, or conduct exploration. Franco-Nevada's short-term financial performance is linked to the price of commodities and the amount of production from its portfolio of producing assets. Its long-term performance is affected by the availability of exploration and development capital. The company holds a portfolio of assets, diversified by commodity, revenue type, and stage of a project, primarily located in the United States, Canada, and Australia.