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Royal GoldFRA:RG3 -0.45%91 EV-to-EBITDA is 16.27 as of Jul. 19, 2026, which is 12% below its 10-year median of 18.50. 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 686 Metals & Mining companies, Royal Gold ranks worse than 67.35% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Royal Gold's enterprise value is €14,456 Mil.
Royal Gold's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was €889 Mil. Therefore, Royal Gold's EV-to-EBITDA for today is 16.27.
The historical rank and industry rank for Royal Gold's EV-to-EBITDA or its related term are showing as below:
FRA:RG3'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 10.78 Med: 18.5 Max: 102.8
Current: 15.94
During the past 13 years, the highest EV-to-EBITDA of Royal Gold was 102.80. The lowest was 10.78. And the median was 18.50.
FRA:RG3's EV-to-EBITDA is ranked worse than 67.35% of 686
companies
in the Metals & Mining industry
Industry Median: 9.54
vs FRA:RG3: 15.94
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.
The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).
Royal Gold (FRA:RG3) EV-to-EBITDA Explanation
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.
Royal Gold's share price for today is €164.95.
Royal Gold'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 €7.224.
* 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 Royal Gold'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.
FRA:RG3 vs CDE, AUGO, HYMC: EV-to-EBITDA Comparison
For the Gold subindustry, Royal Gold'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.
Royal Gold EV-to-EBITDA vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Royal Gold's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Royal Gold's EV-to-EBITDA falls into.
Royal Gold's current Enterprise Value is €14,456 Mil.
Royal Gold'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 €889 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-EBITDA of 16.27 as of Jul. 19, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Royal Gold. This is 12% below median its historical median of 18.50. Over the past decade, Royal Gold's EV-to-EBITDA has ranged from 10.78 to 102.80. According to the industry distribution chart, Royal Gold ranks #462 out of 686 companies in the Metals & Mining industry, placing it in the top 67.3%.
Is Royal Gold's EV-to-EBITDA too high?
Royal Gold's current EV-to-EBITDA of 16.27 is 12% below median its 10-year median of 18.50. Over the past 10 years, this metric has ranged from a low of 10.78 to a high of 102.80. The Metals & Mining industry median EV-to-EBITDA is 9.54. Royal Gold's value of 16.27 is 70.5% above this industry median. Based on the distribution chart, Royal Gold ranks #462 out of 686 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-EBITDA compare to CDE and AUGO?
According to the Metals & Mining industry distribution chart, Royal Gold ranks #462 out of 686 companies for EV-to-EBITDA. This places Royal Gold in the lower half of its industry. The industry median EV-to-EBITDA is 9.54. Royal Gold's value of 16.27 is 70.5% above this benchmark. Historically, Royal Gold's own EV-to-EBITDA has ranged from 10.78 to 102.80 over the past decade. While the company's 10-year median is 18.50 vs. the industry median of 9.54, 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-EBITDA for a Metals & Mining company?
The median EV-to-EBITDA among Metals & Mining companies is 9.54, based on 686 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. Royal Gold's current EV-to-EBITDA of 16.27 is 70.5% 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 Royal Gold. For the Metals & Mining industry, the median EV-to-EBITDA is 9.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Royal Gold's current EV-to-EBITDA is 16.27, which is 12% below median its own 10-year median of 18.50. 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-EBITDA is 16.27, which is 12% below median its 10-year median of 18.50 and 70.5% above the Metals & Mining industry median of 9.54. 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-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For Royal Gold (FRA:RG3), the current EV-to-EBITDA is 16.27 as of Jul. 19, 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-EBITDA: 16.27 (12% below median its 10-year median of 18.50)
GF Value™: €241.57 vs. price of €164.95 (31.7% below fair value)
Industry Position: 70.5% above the Metals & Mining median (#462 of 686)
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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EV-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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