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Franco-NevadaFRA:3FO 91 Earnings Yield (Joel Greenblatt) % is 4.69% as of Jun. 2026, which is 136% above its 10-year median of 1.99. GuruFocus rates FRA:3FO with a GF Score™ of 91/100 and a GF Value™ of €235.50 (Modestly Undervalued). Among 2,660 Metals & Mining companies, Franco-Nevada ranks better than 82.26% on this metric.
Franco-Nevada's Enterprise Value for the quarter that ended in Jun. 2026 was €34,126 Mil.
Franco-Nevada's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was €1,622 Mil. Franco-Nevada's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2026 was 4.69%.
The historical rank and industry rank for Franco-Nevada's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
FRA:3FO'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -1.89 Med: 1.99 Max: 4.93
Current: 4.28
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Franco-Nevada was 4.93%. The lowest was -1.89%. And the median was 1.99%.
FRA:3FO's Earnings Yield (Joel Greenblatt) % is ranked better than 82.26% of 2660
companies
in the Metals & Mining industry
Industry Median: -6.41
vs FRA:3FO: 4.28
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. Franco-Nevada's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2026 was 0.00%. The Forward Rate of Return uses the normalized Free Cash Flow of the past five years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.
Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.
Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.
Be Aware
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
Franco-Nevada Earnings Yield (Joel Greenblatt) % Related Terms
Franco-Nevada Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Franco-Nevada's Earnings Yield (Joel Greenblatt) % 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.
For the Gold subindustry, Franco-Nevada's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % 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 Earnings Yield (Joel Greenblatt) % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Franco-Nevada's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Franco-Nevada's Earnings Yield (Joel Greenblatt) % falls into.
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Franco-Nevadas Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2025 is calculated as
Franco-Nevada's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €1,622 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 4.69% mean?
Franco-Nevada (FRA:3FO) has a Earnings Yield (Joel Greenblatt) % of 4.69% as of Jun. 2026. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Franco-Nevada and its competitors. This is 136% above median its historical median of 1.99. According to the industry distribution chart, Franco-Nevada ranks #472 out of 2660 companies in the Metals & Mining industry, placing it in the top 17.7%.
Is Franco-Nevada's Earnings Yield (Joel Greenblatt) % too high?
Franco-Nevada's current Earnings Yield (Joel Greenblatt) % of 4.69% is 136% above median its 10-year median of 1.99. Based on the distribution chart, Franco-Nevada ranks #472 out of 2660 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Franco-Nevada has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Franco-Nevada's Earnings Yield (Joel Greenblatt) % compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Franco-Nevada ranks #472 out of 2660 companies for Earnings Yield (Joel Greenblatt) %. This places Franco-Nevada in the top 18% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Earnings Yield (Joel Greenblatt) % for a Metals & Mining company?
A good Earnings Yield (Joel Greenblatt) % depends on the Metals & Mining industry context. However, Earnings Yield (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Earnings Yield (Joel Greenblatt) % mean?
A high Earnings Yield (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Franco-Nevada and its competitors. Franco-Nevada's current Earnings Yield (Joel Greenblatt) % is 4.69%, which is 136% above median its own 10-year median of 1.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Franco-Nevada stock overvalued right now?
Based on GuruFocus' analysis, Franco-Nevada (FRA:3FO) is currently considered Modestly Undervalued. The stock's GF Value™ is €235.50, compared to a current price of €204.00 — trading 13.4% below its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 4.69%, which is 136% above median its 10-year median of 1.99. Franco-Nevada's overall GF Score™ is 91/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Earnings Yield (Joel Greenblatt) % calculated?
Earnings Yield (Joel Greenblatt) % is calculated from a company's financial statements. For Franco-Nevada (FRA:3FO), the current Earnings Yield (Joel Greenblatt) % is 4.69% as of Jun. 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 Franco-Nevada (FRA:3FO) Overvalued in 2026?
Based on GuruFocus' analysis, Franco-Nevada stock appears to be undervalued.
The current stock price of €204.00 is trading 13.4% below its estimated GF Value™ of €235.50.
GuruFocus considers Franco-Nevada to be Modestly Undervalued.
Key valuation signals for FRA:3FO:
Earnings Yield (Joel Greenblatt) %: 4.69% (136% above median its 10-year median of 1.99)
GF Value™: €235.50 vs. price of €204.00 (13.4% below fair value)
No single metric tells the full story. See the FRA:3FO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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. The company'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.
91GF Score
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