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Royal GoldFRA:RG3 -1.63%85 Intrinsic Value: Projected FCF is €77.76 as of Sep. 01, 2026. GuruFocus rates FRA:RG3 with a GF Score™ of 85/100 and a GF Value™ of €244.26 (Fairly Valued). The stock has 2 warning signs investors should review. Among 651 Metals & Mining companies, Royal Gold ranks worse than 57.3% on this metric.
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.
As of today (2026-09-01), Royal Gold's Intrinsic Value: Projected FCF is €77.76. The stock price of Royal Gold is €223.10. Therefore, Royal Gold's Price-to-Intrinsic-Value-Projected-FCF of today is 2.9.
The historical rank and industry rank for Royal Gold's Intrinsic Value: Projected FCF or its related term are showing as below:
FRA:RG3'
s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 1.63 Med: 3.92 Max: 64.08
Current: 2.87
During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Royal Gold was 64.08. The lowest was 1.63. And the median was 3.92.
FRA:RG3's Price-to-Projected-FCF is ranked worse than 57.3% of 651
companies
in the Metals & Mining industry
Industry Median: 2.39
vs FRA:RG3: 2.87
Royal Gold (FRA:RG3) Intrinsic Value: Projected FCF Explanation
The growth multiple is capped between 8.35 and 17.74.
Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.
Royal Gold's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as
Price-to-Intrinsic-Value-Projected-FCF
=
Share Price
/
Intrinsic Value: Projected FCF
=
223.10
/
78.548997653435
=
2.84
* 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 Intrinsic Value: Projected FCF Related Terms
Royal Gold Intrinsic Value: Projected FCF Historical Data
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The historical data trend for Royal Gold's Intrinsic Value: Projected FCF 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: Intrinsic Value: Projected FCF Comparison
For the Gold subindustry, Royal Gold's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF 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 Price-to-Projected-FCF vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Royal Gold's Price-to-Projected-FCF distribution charts can be found below:
* The bar in red indicates where Royal Gold's Price-to-Projected-FCF falls into.
Royal Gold Intrinsic Value: Projected FCF Calculation
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.
The details of how we calculate the intrinsic value of stocks are described in detail here.
This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.
* 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.
What does a Intrinsic Value: Projected FCF of €77.76 mean?
Royal Gold (FRA:RG3) has a Intrinsic Value: Projected FCF of €77.76 as of Sep. 01, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Royal Gold and its competitors. According to the industry distribution chart, Royal Gold ranks #373 out of 651 companies in the Metals & Mining industry, placing it in the top 57.3%.
Is Royal Gold's Intrinsic Value: Projected FCF too high?
Royal Gold's current Intrinsic Value: Projected FCF is €77.76. Based on the distribution chart, Royal Gold ranks #373 out of 651 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Royal Gold has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Royal Gold's Intrinsic Value: Projected FCF compare to CDE and AUGO?
According to the Metals & Mining industry distribution chart, Royal Gold ranks #373 out of 651 companies for Intrinsic Value: Projected FCF. This places Royal Gold in the lower half of its industry. The industry median Intrinsic Value: Projected FCF is 2.39. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: Projected FCF for a Metals & Mining company?
The median Intrinsic Value: Projected FCF among Metals & Mining companies is 2.39, based on 651 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF 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 Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Royal Gold and its competitors. For the Metals & Mining industry, the median Intrinsic Value: Projected FCF is 2.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Royal Gold's current Intrinsic Value: Projected FCF is €77.76. 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 Fairly Valued. The stock's GF Value™ is €244.26, compared to a current price of €223.10 — trading 8.7% below its estimated fair value. The current Intrinsic Value: Projected FCF is €77.76. Royal Gold's overall GF Score™ is 85/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For Royal Gold (FRA:RG3), the current Intrinsic Value: Projected FCF is €77.76 as of Sep. 01, 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 €223.10 is trading 8.7% below its estimated GF Value™ of €244.26.
GuruFocus considers Royal Gold to be Fairly Valued.
Key valuation signals for FRA:RG3:
Intrinsic Value: Projected FCF: €77.76
GF Value™: €244.26 vs. price of €223.10 (8.7% 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.
85GF Score
Get the complete analysis for FRA:RG3
Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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