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Royal GoldFRA:RG3 -0.45%91 Debt-to-Equity is 0.08 as of Mar. 2026, which is 47% below its 10-year median of 0.15. GuruFocus rates FRA:RG3 with a GF Score™ of 91/100 and a GF Value™ of €241.57 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 1,219 Metals & Mining companies, Royal Gold ranks better than 61.03% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Royal Gold's Debt-to-Equity or its related term are showing as below:
FRA:RG3'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.15 Max: 0.3
Current: 0.08
During the past 13 years, the highest Debt-to-Equity Ratio of Royal Gold was 0.30. The lowest was 0.02. And the median was 0.15.
FRA:RG3's Debt-to-Equity is ranked better than 61.03% of 1219
companies
in the Metals & Mining industry
Industry Median: 0.15
vs FRA:RG3: 0.08
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Royal Gold Debt-to-Equity Related Terms
Royal Gold Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Royal Gold's Debt-to-Equity 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.
FRA:RG3 vs CDE, AUGO, HYMC: Debt-to-Equity Comparison
For the Gold subindustry, Royal Gold's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.
Royal Gold Debt-to-Equity vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Royal Gold's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Royal Gold's Debt-to-Equity falls into.
* 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.
Royal Gold (FRA:RG3) has a Debt-to-Equity of 0.08 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Royal Gold and its competitors. This is 47% below median its historical median of 0.15. Over the past decade, Royal Gold's Debt-to-Equity has ranged from 0.02 to 0.30. According to the industry distribution chart, Royal Gold ranks #475 out of 1219 companies in the Metals & Mining industry, placing it in the top 39%.
Is Royal Gold's Debt-to-Equity too high?
Royal Gold's current Debt-to-Equity of 0.08 is 47% below median its 10-year median of 0.15. Over the past 10 years, this metric has ranged from a low of 0.02 to a high of 0.30. The Metals & Mining industry median Debt-to-Equity is 0.15. Royal Gold's value of 0.08 is 46.7% below this industry median. Based on the distribution chart, Royal Gold ranks #475 out of 1219 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Royal Gold has a GF Score™ of 91/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Royal Gold's Debt-to-Equity compare to CDE and AUGO?
According to the Metals & Mining industry distribution chart, Royal Gold ranks #475 out of 1219 companies for Debt-to-Equity. This puts Royal Gold in the upper half of its industry. The industry median Debt-to-Equity is 0.15. Royal Gold's value of 0.08 is 46.7% below this benchmark. Historically, Royal Gold's own Debt-to-Equity has ranged from 0.02 to 0.30 over the past decade. While the company's 10-year median is 0.15 vs. the industry median of 0.15, Royal Gold has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Metals & Mining company?
The median Debt-to-Equity among Metals & Mining companies is 0.15, based on 1,219 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Royal Gold's current Debt-to-Equity of 0.08 is 46.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Royal Gold and its competitors. For the Metals & Mining industry, the median Debt-to-Equity is 0.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Royal Gold's current Debt-to-Equity is 0.08, which is 47% below median its own 10-year median of 0.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Royal Gold stock overvalued right now?
Based on GuruFocus' analysis, Royal Gold (FRA:RG3) is currently considered Significantly Undervalued. The stock's GF Value™ is €241.57, compared to a current price of €164.95 — trading 31.7% below its estimated fair value. The current Debt-to-Equity is 0.08, which is 47% below median its 10-year median of 0.15 and 46.7% below the Metals & Mining industry median of 0.15. Royal Gold's overall GF Score™ is 91/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Royal Gold (FRA:RG3), the current Debt-to-Equity is 0.08 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Royal Gold (FRA:RG3) Overvalued in 2026?
Based on GuruFocus' analysis, Royal Gold stock appears to be undervalued.
The current stock price of €164.95 is trading 31.7% below its estimated GF Value™ of €241.57.
GuruFocus considers Royal Gold to be Significantly Undervalued.
Key valuation signals for FRA:RG3:
Debt-to-Equity: 0.08 (47% below median its 10-year median of 0.15)
GF Value™: €241.57 vs. price of €164.95 (31.7% below fair value)
Industry Position: 46.7% below the Metals & Mining median (#475 of 1219)
No single metric tells the full story. See the FRA:RG3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Royal Gold Inc enquires and manages precious metal royalties and streams with a focus on gold. The company purchases a percentage of the metal produced from a mineral property for an initial payment without assuming responsibility for mining operations. Similarly, precious metal streams are purchase agreements with mine operators providing the right to purchase all or a portion of one or more metals produced from a mine in exchange for an upfront deposit payment. Generally, Royal Gold does not work on the properties in which it holds royalty and streaming assets. The company owns a portfolio of producing, development, evaluation, and exploration royalties and streams, and the majority of group revenue is generated from Canada, Mexico, Chile, and the United States.
91GF Score
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