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Franco-Nevada (FRA:3FO) Forward PE Ratio Explanation
The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.
Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .
Franco-Nevada Forward PE Ratio Related Terms
Franco-Nevada Forward PE Ratio Historical Data
* Premium members only.
The historical data trend for Franco-Nevada's Forward PE Ratio 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.
Franco-Nevada Forward PE Ratio Chart
Franco-Nevada Annual Data
Trend
2015-12
2016-12
2017-12
2018-12
2019-12
2020-12
2021-12
2022-12
2023-12
2024-12
2025-12
Forward PE Ratio
76.92
57.80
69.93
56.82
46.95
41.32
37.74
37.59
31.85
29.05
29.93
Franco-Nevada Quarterly Data
2015-12
2016-03
2016-06
2016-09
2016-12
2017-03
2017-06
2017-09
2017-12
2018-03
2018-06
2018-09
2018-12
2019-03
2019-06
2019-09
2019-12
2020-03
2020-06
2020-09
2020-12
2021-03
2021-06
2021-09
2021-12
2022-03
2022-06
2022-09
2022-12
2023-03
2023-06
2023-09
2023-12
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
Forward PE Ratio
76.92
92.59
92.59
63.69
57.80
75.19
71.94
74.07
69.93
61.73
60.61
45.66
56.82
58.48
60.61
50.76
46.95
47.62
61.73
42.74
41.32
36.76
43.86
37.31
37.74
41.84
35.84
32.68
37.59
41.84
38.31
34.48
31.85
38.31
35.84
33.11
29.05
37.32
34.49
37.08
29.93
28.03
FRA:3FO vs NEM, AU, RGLD: Forward PE Ratio Comparison
For the Gold subindustry, Franco-Nevada's Forward PE Ratio, along with its competitors' market caps and Forward PE Ratio 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 Forward PE Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Franco-Nevada's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Franco-Nevada's Forward PE Ratio falls into.
It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.
Franco-Nevada (FRA:3FO) has a Forward PE Ratio of 23.15 as of Jul. 24, 2026. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Franco-Nevada and its competitors. According to the industry distribution chart, Franco-Nevada ranks #394 out of 486 companies in the Metals & Mining industry, placing it in the top 81.1%.
Is Franco-Nevada's Forward PE Ratio too high?
Franco-Nevada's current Forward PE Ratio is 23.15. The Metals & Mining industry median Forward PE Ratio is 11.24. Franco-Nevada's value of 23.15 is 106.1% above this industry median. Based on the distribution chart, Franco-Nevada ranks #394 out of 486 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Franco-Nevada has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Franco-Nevada's Forward PE Ratio compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Franco-Nevada ranks #394 out of 486 companies for Forward PE Ratio. This places Franco-Nevada in the lower half of its industry. The industry median Forward PE Ratio is 11.24. Franco-Nevada's value of 23.15 is 106.1% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward PE Ratio for a Metals & Mining company?
The median Forward PE Ratio among Metals & Mining companies is 11.24, based on 486 companies in the industry. Companies in the top quartile (top 25%) have a Forward PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Forward PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Franco-Nevada's current Forward PE Ratio of 23.15 is 106.1% 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 Forward PE Ratio mean?
A high Forward PE Ratio can signal that a stock is expensive relative to its fundamentals. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Franco-Nevada and its competitors. For the Metals & Mining industry, the median Forward PE Ratio is 11.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Franco-Nevada's current Forward PE Ratio is 23.15. 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 €236.72, compared to a current price of €186.25 — trading 21.3% below its estimated fair value. The current Forward PE Ratio is 23.15 and 106.1% above the Metals & Mining industry median of 11.24. Franco-Nevada's overall GF Score™ is 90/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Forward PE Ratio calculated?
Forward PE Ratio is calculated from a company's financial statements. For Franco-Nevada (FRA:3FO), the current Forward PE Ratio is 23.15 as of Jul. 24, 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 €186.25 is trading 21.3% below its estimated GF Value™ of €236.72.
GuruFocus considers Franco-Nevada to be Modestly Undervalued.
Key valuation signals for FRA:3FO:
Forward PE Ratio: 23.15
GF Value™: €236.72 vs. price of €186.25 (21.3% below fair value)
Industry Position: 106.1% above the Metals & Mining median (#394 of 486)
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.
90GF Score
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Forward PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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