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Franco-NevadaFRA:3FO +4.32%91 EV-to-EBITDA is 22.12 as of Aug. 09, 2026, which is 14% below its 10-year median of 25.84. GuruFocus rates FRA:3FO with a GF Score™ of 91/100 and a GF Value™ of €239.60 (Modestly Undervalued). Among 697 Metals & Mining companies, Franco-Nevada ranks worse than 73.74% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Franco-Nevada's enterprise value is €39,122 Mil.
Franco-Nevada's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was €1,769 Mil. Therefore, Franco-Nevada's EV-to-EBITDA for today is 22.12.
The historical rank and industry rank for Franco-Nevada's EV-to-EBITDA or its related term are showing as below:
FRA:3FO'
s EV-to-EBITDA Range Over the Past 10 Years
Min: -250.47 Med: 25.84 Max: 66.55
Current: 22.32
During the past 13 years, the highest EV-to-EBITDA of Franco-Nevada was 66.55. The lowest was -250.47. And the median was 25.84.
FRA:3FO's EV-to-EBITDA is ranked worse than 73.74% of 697
companies
in the Metals & Mining industry
Industry Median: 10.59
vs FRA:3FO: 22.32
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Franco-Nevada's PE Ratio (TTM) for today is calculated as:
Franco-Nevada's share price for today is €206.50.
Franco-Nevada's Earnings per Share (Diluted) 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 €6.104.
* 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.
Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).
The historical data trend for Franco-Nevada's EV-to-EBITDA 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 EV-to-EBITDA, along with its competitors' market caps and EV-to-EBITDA 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 EV-to-EBITDA vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Franco-Nevada's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Franco-Nevada's EV-to-EBITDA falls into.
Franco-Nevada's current Enterprise Value is €39,122 Mil.
Franco-Nevada's EBITDA 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 €1,769 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.
Franco-Nevada (FRA:3FO) has a EV-to-EBITDA of 22.12 as of Aug. 09, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Franco-Nevada. This is 14% below median its historical median of 25.84. According to the industry distribution chart, Franco-Nevada ranks #514 out of 697 companies in the Metals & Mining industry, placing it in the top 73.7%.
Is Franco-Nevada's EV-to-EBITDA too high?
Franco-Nevada's current EV-to-EBITDA of 22.12 is 14% below median its 10-year median of 25.84. The Metals & Mining industry median EV-to-EBITDA is 10.59. Franco-Nevada's value of 22.12 is 108.9% above this industry median. Based on the distribution chart, Franco-Nevada ranks #514 out of 697 companies in the Metals & Mining industry, which is below the industry midpoint. 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 EV-to-EBITDA compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Franco-Nevada ranks #514 out of 697 companies for EV-to-EBITDA. This places Franco-Nevada in the lower half of its industry. The industry median EV-to-EBITDA is 10.59. Franco-Nevada's value of 22.12 is 108.9% above this benchmark. While the company's 10-year median is 25.84 vs. the industry median of 10.59, Franco-Nevada 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-EBITDA for a Metals & Mining company?
The median EV-to-EBITDA among Metals & Mining companies is 10.59, based on 697 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Franco-Nevada's current EV-to-EBITDA of 22.12 is 108.9% 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-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Franco-Nevada. For the Metals & Mining industry, the median EV-to-EBITDA is 10.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Franco-Nevada's current EV-to-EBITDA is 22.12, which is 14% below median its own 10-year median of 25.84. 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 €239.60, compared to a current price of €206.50 — trading 13.8% below its estimated fair value. The current EV-to-EBITDA is 22.12, which is 14% below median its 10-year median of 25.84 and 108.9% above the Metals & Mining industry median of 10.59. 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 EV-to-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For Franco-Nevada (FRA:3FO), the current EV-to-EBITDA is 22.12 as of Aug. 09, 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 €206.50 is trading 13.8% below its estimated GF Value™ of €239.60.
GuruFocus considers Franco-Nevada to be Modestly Undervalued.
Key valuation signals for FRA:3FO:
EV-to-EBITDA: 22.12 (14% below median its 10-year median of 25.84)
GF Value™: €239.60 vs. price of €206.50 (13.8% below fair value)
Industry Position: 108.9% above the Metals & Mining median (#514 of 697)
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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