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Franco-Nevada (FRA:3FO) Cyclically Adjusted Price-to-FCF : 1,015.00 (As of Jun. 26, 2025)


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What is Franco-Nevada Cyclically Adjusted Price-to-FCF?

As of today (2025-06-26), Franco-Nevada's current share price is €142.10. Franco-Nevada's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was €0.14. Franco-Nevada's Cyclically Adjusted Price-to-FCF for today is 1,015.00.

The historical rank and industry rank for Franco-Nevada's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

FRA:3FO' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 411.19   Med: 750.71   Max: 1128.24
Current: 1052.06

During the past years, Franco-Nevada's highest Cyclically Adjusted Price-to-FCF was 1128.24. The lowest was 411.19. And the median was 750.71.

FRA:3FO's Cyclically Adjusted Price-to-FCF is ranked worse than
98.43% of 254 companies
in the Metals & Mining industry
Industry Median: 26.69 vs FRA:3FO: 1052.06

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Franco-Nevada's adjusted free cash flow per share data for the three months ended in Mar. 2025 was €-1.053. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is €0.14 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Franco-Nevada Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Franco-Nevada's Cyclically Adjusted Price-to-FCF 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 Cyclically Adjusted Price-to-FCF Chart

Franco-Nevada Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 394.41

Franco-Nevada Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - 394.41 1,062.58

Competitive Comparison of Franco-Nevada's Cyclically Adjusted Price-to-FCF

For the Gold subindustry, Franco-Nevada's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF 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.


Franco-Nevada's Cyclically Adjusted Price-to-FCF Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Franco-Nevada's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Franco-Nevada's Cyclically Adjusted Price-to-FCF falls into.


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Franco-Nevada Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Franco-Nevada's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=142.10/0.14
=1,015.00

* 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.

Franco-Nevada's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Franco-Nevada's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=-1.053/129.1809*129.1809
=-1.053

Current CPI (Mar. 2025) = 129.1809.

Franco-Nevada Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 0.293 100.500 0.377
201509 0.429 100.421 0.552
201512 -5.217 99.947 -6.743
201603 -2.118 101.054 -2.708
201606 0.316 102.002 0.400
201609 0.396 101.765 0.503
201612 -0.142 101.449 -0.181
201703 0.303 102.634 0.381
201706 -0.053 103.029 -0.066
201709 -0.260 103.345 -0.325
201712 -0.011 103.345 -0.014
201803 -1.688 105.004 -2.077
201806 0.095 105.557 0.116
201809 0.179 105.636 0.219
201812 -0.893 105.399 -1.094
201903 0.408 106.979 0.493
201906 0.382 107.690 0.458
201909 -0.828 107.611 -0.994
201912 0.844 107.769 1.012
202003 0.770 107.927 0.922
202006 0.685 108.401 0.816
202009 0.341 108.164 0.407
202012 0.466 108.559 0.555
202103 0.149 110.298 0.175
202106 -1.300 111.720 -1.503
202109 0.891 112.905 1.019
202112 1.181 113.774 1.341
202203 1.078 117.646 1.184
202206 1.218 120.806 1.302
202209 1.206 120.648 1.291
202212 0.759 120.964 0.811
202303 0.487 122.702 0.513
202306 0.480 124.203 0.499
202309 0.344 125.230 0.355
202312 0.948 125.072 0.979
202403 0.150 126.258 0.153
202406 0.858 127.522 0.869
202409 -0.120 127.285 -0.122
202412 1.179 127.364 1.196
202503 -1.053 129.181 -1.053

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

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  (FRA:3FO) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Franco-Nevada Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Franco-Nevada's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Franco-Nevada Business Description

Address
199 Bay Street, Suite 2000, Commerce Court West, Toronto, ON, CAN, M5L 1G9
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, located in the U.S, Canada, and Australia.

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