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Franco-NevadaFRA:3FO +6.69%91 EV-to-OCF is 28.07 as of Aug. 23, 2026, which is 1% above its 10-year median of 27.76. GuruFocus rates FRA:3FO with a GF Score™ of 91/100 and a GF Value™ of €238.55 (Fairly Valued). The stock has 2 warning signs investors should review. Among 2,667 Metals & Mining companies, Franco-Nevada ranks worse than 94% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Franco-Nevada's Enterprise Value is €42,935 Mil.
Franco-Nevada's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was €1,530 Mil. Therefore, Franco-Nevada's EV-to-OCF for today is 28.07.
The historical rank and industry rank for Franco-Nevada's EV-to-OCF or its related term are showing as below:
FRA:3FO'
s EV-to-OCF Range Over the Past 10 Years
Min: 19.37 Med: 27.76 Max: 44.25
Current: 28.1
During the past 13 years, the highest EV-to-OCF of Franco-Nevada was 44.25. The lowest was 19.37. And the median was 27.76.
FRA:3FO's EV-to-OCF is ranked worse than 94% of 2667
companies
in the Metals & Mining industry
Industry Median: -8.87
vs FRA:3FO: 28.10
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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.
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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 €228.00.
Franco-Nevada's Earnings per Share (Diluted) 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 €6.582.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Franco-Nevada EV-to-OCF Related Terms
Franco-Nevada EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Franco-Nevada's EV-to-OCF 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-OCF, along with its competitors' market caps and EV-to-OCF 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-OCF vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Franco-Nevada's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Franco-Nevada's EV-to-OCF falls into.
Franco-Nevada's current Enterprise Value is €42,935 Mil.
Franco-Nevada's Cash Flow from Operations 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 €1,530 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-OCF of 28.07 as of Aug. 23, 2026. This is near median its historical median of 27.76. Over the past decade, Franco-Nevada's EV-to-OCF has ranged from 19.37 to 44.25. According to the industry distribution chart, Franco-Nevada ranks #2507 out of 2667 companies in the Metals & Mining industry, placing it in the top 94%.
Is Franco-Nevada's EV-to-OCF too high?
Franco-Nevada's current EV-to-OCF of 28.07 is near median its 10-year median of 27.76. Over the past 10 years, this metric has ranged from a low of 19.37 to a high of 44.25. Based on the distribution chart, Franco-Nevada ranks #2507 out of 2667 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Franco-Nevada has a GF Score™ of 91/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Franco-Nevada's EV-to-OCF compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Franco-Nevada ranks #2507 out of 2667 companies for EV-to-OCF. This places Franco-Nevada in the lower half of its industry. Historically, Franco-Nevada's own EV-to-OCF has ranged from 19.37 to 44.25 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-OCF for a Metals & Mining company?
A good EV-to-OCF depends on the Metals & Mining industry context. However, EV-to-OCF 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 EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. Franco-Nevada's current EV-to-OCF is 28.07, which is near median its own 10-year median of 27.76. 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 Fairly Valued. The stock's GF Value™ is €238.55, compared to a current price of €228.00 — trading 4.4% below its estimated fair value. The current EV-to-OCF is 28.07, which is near median its 10-year median of 27.76. Franco-Nevada'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-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Franco-Nevada (FRA:3FO), the current EV-to-OCF is 28.07 as of Aug. 23, 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 €228.00 is trading 4.4% below its estimated GF Value™ of €238.55.
GuruFocus considers Franco-Nevada to be Fairly Valued.
Key valuation signals for FRA:3FO:
EV-to-OCF: 28.07 (near median its 10-year median of 27.76)
GF Value™: €238.55 vs. price of €228.00 (4.4% 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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