Franco-NevadaFRA:3FO +2.86%90 Interest Coverage is 638.62 as of Mar. 2026, which is 69% below its 10-year median of 2,058.86. GuruFocus rates FRA:3FO with a GF Score™ of 90/100 and a GF Value™ of €233.97 (Modestly Undervalued). Among 1,317 Metals & Mining companies, Franco-Nevada ranks worse than 61.05% on this metric.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's
Operating Income
by its Interest Expense. Franco-Nevada's
Operating Income
for the
three
months ended in Mar. 2026 was €442 Mil. Franco-Nevada's Interest Expense for the
three
months ended in Mar. 2026 was €-1 Mil.
Franco-Nevada's interest coverage for the quarter that ended in Mar. 2026 was 638.62.
The higher the ratio, the stronger the company's financial strength is.
Good Sign:
Franco-Nevada Corp has no debt.
The historical rank and industry rank for Franco-Nevada's Interest Coverage or its related term are showing as below:
FRA:3FO'
s Interest Coverage Range Over the Past 10 Years
Min: 53.59 Med: 2058.86 Max: 8190.96
Current: 4005.54
FRA:3FO's Interest Coverage is ranked worse than 61.05% of 1317
companies
in the Metals & Mining industry
Industry Median: No Debt
vs FRA:3FO: 4005.54
Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.
Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .
Franco-Nevada Interest Coverage Related Terms
Franco-Nevada Interest Coverage Historical Data
* Premium members only.
The historical data trend for Franco-Nevada's Interest Coverage 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.
Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
FRA:3FO vs NEM, AU, CDE: Interest Coverage Comparison
For the Gold subindustry, Franco-Nevada's Interest Coverage, along with its competitors' market caps and Interest Coverage 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 Interest Coverage vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Franco-Nevada's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Franco-Nevada's Interest Coverage falls into.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
* 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 Interest Coverage of 638.62 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Franco-Nevada and its competitors. This is 69% below median its historical median of 2,058.86. Over the past decade, Franco-Nevada's Interest Coverage has ranged from 53.59 to 8,190.96. According to the industry distribution chart, Franco-Nevada ranks #804 out of 1317 companies in the Metals & Mining industry, placing it in the top 61%.
Is Franco-Nevada's Interest Coverage too high?
Franco-Nevada's current Interest Coverage of 638.62 is 69% below median its 10-year median of 2,058.86. Over the past 10 years, this metric has ranged from a low of 53.59 to a high of 8,190.96. The Metals & Mining industry median Interest Coverage is 10,000.00. Franco-Nevada's value of 638.62 is 93.6% below this industry median. Based on the distribution chart, Franco-Nevada ranks #804 out of 1317 companies in the Metals & Mining industry, which is below the industry midpoint. 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 Interest Coverage compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Franco-Nevada ranks #804 out of 1317 companies for Interest Coverage. This places Franco-Nevada in the lower half of its industry. The industry median Interest Coverage is 10,000.00. Franco-Nevada's value of 638.62 is 93.6% below this benchmark. Historically, Franco-Nevada's own Interest Coverage has ranged from 53.59 to 8,190.96 over the past decade. While the company's 10-year median is 2,058.86 vs. the industry median of 10,000.00, Franco-Nevada has consistently been below 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 Interest Coverage for a Metals & Mining company?
The median Interest Coverage among Metals & Mining companies is 10,000.00, based on 1,317 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Franco-Nevada's current Interest Coverage of 638.62 is 93.6% below 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 Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Franco-Nevada and its competitors. For the Metals & Mining industry, the median Interest Coverage is 10,000.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Franco-Nevada's current Interest Coverage is 638.62, which is 69% below median its own 10-year median of 2,058.86. 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 €233.97, compared to a current price of €190.75 — trading 18.5% below its estimated fair value. The current Interest Coverage is 638.62, which is 69% below median its 10-year median of 2,058.86 and 93.6% below the Metals & Mining industry median of 10,000.00. 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 Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Franco-Nevada (FRA:3FO), the current Interest Coverage is 638.62 as of Mar. 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 €190.75 is trading 18.5% below its estimated GF Value™ of €233.97.
GuruFocus considers Franco-Nevada to be Modestly Undervalued.
Key valuation signals for FRA:3FO:
Interest Coverage: 638.62 (69% below median its 10-year median of 2,058.86)
GF Value™: €233.97 vs. price of €190.75 (18.5% below fair value)
Industry Position: 93.6% below the Metals & Mining median (#804 of 1317)
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.
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