Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Royal GoldFRA:RG3 -0.45%91 EV-to-EBIT is 21.05 as of Jul. 18, 2026, which is 20% below its 10-year median of 26.15. 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 664 Metals & Mining companies, Royal Gold ranks worse than 71.23% on this metric.
This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.
Royal Gold's Enterprise Value for the quarter that ended in Mar. 2026 was €19,032 Mil.
Royal Gold's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €687 Mil.
* 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 EV-to-EBIT Related Terms
Royal Gold EV-to-EBIT Historical Data
* Premium members only.
The historical data trend for Royal Gold's EV-to-EBIT 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, Royal Gold's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 EV-to-EBIT vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Royal Gold's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where Royal Gold's EV-to-EBIT falls into.
Royal Gold's current Enterprise Value is €14,456 Mil.
Royal Gold's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €687 Mil.
* 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 EV-to-EBIT of 21.05 as of Jul. 18, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Royal Gold and its competitors. This is 20% below median its historical median of 26.15. According to the industry distribution chart, Royal Gold ranks #473 out of 664 companies in the Metals & Mining industry, placing it in the top 71.2%.
Is Royal Gold's EV-to-EBIT too high?
Royal Gold's current EV-to-EBIT of 21.05 is 20% below median its 10-year median of 26.15. The Metals & Mining industry median EV-to-EBIT is 11.74. Royal Gold's value of 21.05 is 79.4% above this industry median. Based on the distribution chart, Royal Gold ranks #473 out of 664 companies in the Metals & Mining industry, which is below 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 EV-to-EBIT compare to CDE and AUGO?
According to the Metals & Mining industry distribution chart, Royal Gold ranks #473 out of 664 companies for EV-to-EBIT. This places Royal Gold in the lower half of its industry. The industry median EV-to-EBIT is 11.74. Royal Gold's value of 21.05 is 79.4% above this benchmark. While the company's 10-year median is 26.15 vs. the industry median of 11.74, Royal Gold has consistently been above 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 EV-to-EBIT for a Metals & Mining company?
The median EV-to-EBIT among Metals & Mining companies is 11.74, based on 664 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBIT significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Royal Gold's current EV-to-EBIT of 21.05 is 79.4% above 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 EV-to-EBIT mean?
A high EV-to-EBIT can signal that a stock is expensive relative to its fundamentals. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Royal Gold and its competitors. For the Metals & Mining industry, the median EV-to-EBIT is 11.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Royal Gold's current EV-to-EBIT is 21.05, which is 20% below median its own 10-year median of 26.15. 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 EV-to-EBIT is 21.05, which is 20% below median its 10-year median of 26.15 and 79.4% above the Metals & Mining industry median of 11.74. 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 EV-to-EBIT calculated?
EV-to-EBIT is calculated from a company's financial statements. For Royal Gold (FRA:RG3), the current EV-to-EBIT is 21.05 as of Jul. 18, 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:
EV-to-EBIT: 21.05 (20% below median its 10-year median of 26.15)
GF Value™: €241.57 vs. price of €164.95 (31.7% below fair value)
Industry Position: 79.4% above the Metals & Mining median (#473 of 664)
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
Get the complete analysis for FRA:RG3
EV-to-EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:RG3 has been successfully added to your 
