Franco-NevadaFRA:3FO +2.86%90 Market Cap is €36,494 Mil as of Jun. 28, 2026. GuruFocus rates FRA:3FO with a GF Score™ of 90/100 and a GF Value™ of €233.97 (Modestly Undervalued). Among 2,686 Metals & Mining companies, Franco-Nevada ranks better than 99.33% on this metric.
Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Franco-Nevada's share price for the quarter that ended in Mar. 2026 was €212.7. Franco-Nevada's Shares Outstanding (EOP) for the quarter that ended in Mar. 2026 was 193 Mil. Therefore, Franco-Nevada's market cap for the quarter that ended in Mar. 2026 was €41,020 Mil.
Franco-Nevada's quarterly market cap
declined
from Sep. 2025 (€35,163 Mil) to Dec. 2025 (€34,183 Mil) but then
increased
from Dec. 2025 (€34,183 Mil) to Mar. 2026 (€41,020 Mil).
Franco-Nevada's annual market cap
increased
from Dec. 2023 (€19,448 Mil) to Dec. 2024 (€21,855 Mil) and
increased
from Dec. 2024 (€21,855 Mil) to Dec. 2025 (€34,183 Mil).
Enterprise Value is 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 and cash equivalents. Franco-Nevada's Enterprise Value for Today is €35,864 Mil.
Franco-Nevada (FRA:3FO) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Franco-Nevada Market Cap Related Terms
Franco-Nevada Market Cap Historical Data
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The historical data trend for Franco-Nevada's Market Cap 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 Market Cap, along with its competitors' market caps and Market Cap 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 Market Cap vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Franco-Nevada's Market Cap distribution charts can be found below:
* The bar in red indicates where Franco-Nevada's Market Cap falls into.
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Franco-Nevada's Market Cap 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.
Franco-Nevada (FRA:3FO) has a Market Cap of €36,494 Mil as of Jun. 28, 2026. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Franco-Nevada and its competitors. According to the industry distribution chart, Franco-Nevada ranks #18 out of 2686 companies in the Metals & Mining industry, placing it in the top 0.7%.
Is Franco-Nevada's Market Cap too high?
Franco-Nevada's current Market Cap is €36,494 Mil. Based on the distribution chart, Franco-Nevada ranks #18 out of 2686 companies in the Metals & Mining industry, which is in the top quartile — a strong position 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 Market Cap compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Franco-Nevada ranks #18 out of 2686 companies for Market Cap. This places Franco-Nevada in the top 1% of its industry — outperforming the majority of peers. The industry median Market Cap is 21.68. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Market Cap for a Metals & Mining company?
The median Market Cap among Metals & Mining companies is 21.68, based on 2,686 companies in the industry. Companies in the top quartile (top 25%) have a Market Cap significantly above this median, while those in the bottom quartile fall well below. However, Market Cap 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 Market Cap mean?
A high Market Cap can signal that a stock is expensive relative to its fundamentals. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Franco-Nevada and its competitors. For the Metals & Mining industry, the median Market Cap is 21.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Franco-Nevada's current Market Cap is €36,494 Mil. 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 Market Cap is €36,494 Mil. 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 Market Cap calculated?
Market Cap is calculated from a company's financial statements. For Franco-Nevada (FRA:3FO), the current Market Cap is €36,494 Mil as of Jun. 28, 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:
Market Cap: €36,494 Mil
GF Value™: €233.97 vs. price of €190.75 (18.5% 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.
90GF Score
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