Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Royal Gold's Enterprise Value is €15,654 Mil.
Royal Gold's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was €687 Mil. Therefore, Royal Gold's EV-to-EBIT ratio for today is 22.80.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Royal Gold's Enterprise Value is €15,654 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 ratio for today is 17.62.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Royal Gold's Enterprise Value is €15,654 Mil.
Royal Gold's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was €1,123 Mil. Therefore, Royal Gold's EV-to-Revenue ratio for today is 13.94.
EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, Royal Gold's Enterprise Value is €15,654 Mil.
Royal Gold's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was €-203 Mil. Therefore, Royal Gold's EV-to-FCF ratio for today is -76.97.
*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.
Royal Gold (FRA:RG3) Enterprise Value Explanation
When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.
If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.
The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.
For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.
Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.
1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.
Royal Gold's current Enterprise Value is €15,654 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.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Royal Gold's current Enterprise Value is €15,654 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.
Royal Gold's current Enterprise Value is €15,654 Mil.
Royal Gold's Revenue 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 €1,123 Mil.
Royal Gold's current Enterprise Value is €15,654 Mil.
Royal Gold's Cash Flow from Operations 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 €741 Mil.
Royal Gold's current Enterprise Value is €15,654 Mil.
Royal Gold's Free Cash Flow 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 €-203 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 Enterprise Value Related Terms
Royal Gold Enterprise Value Historical Data
* Premium members only.
The historical data trend for Royal Gold's Enterprise Value 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, SA: Enterprise Value Comparison
For the Gold subindustry, Royal Gold's Enterprise Value, along with its competitors' market caps and Enterprise Value 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 Enterprise Value vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Royal Gold's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Royal Gold's Enterprise Value falls into.
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
Royal Gold's Enterprise Value for the fiscal year that ended in Dec. 2025 is calculated as
* 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 Enterprise Value of €15,654 Mil as of Jun. 26, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Royal Gold and its competitors.
Is Royal Gold's Enterprise Value too high?
Royal Gold's current Enterprise Value is €15,654 Mil. Overall, Royal Gold has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Royal Gold's Enterprise Value compare to CDE and AUGO?
Royal Gold's Enterprise Value of €15,654 Mil can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Enterprise Value for a Metals & Mining company?
A good Enterprise Value depends on the Metals & Mining industry context. However, Enterprise Value 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 Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Royal Gold and its competitors. Royal Gold's current Enterprise Value is €15,654 Mil. 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 Modestly Undervalued. The stock's GF Value™ is €237.63, compared to a current price of €178.80 — trading 24.8% below its estimated fair value. The current Enterprise Value is €15,654 Mil. 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 Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For Royal Gold (FRA:RG3), the current Enterprise Value is €15,654 Mil as of Jun. 26, 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 €178.80 is trading 24.8% below its estimated GF Value™ of €237.63.
GuruFocus considers Royal Gold to be Modestly Undervalued.
Key valuation signals for FRA:RG3:
Enterprise Value: €15,654 Mil
GF Value™: €237.63 vs. price of €178.80 (24.8% below fair value)
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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