Royal GoldFRA:RG3 -3.47%91 Market Cap is €15,084 Mil as of Jun. 25, 2026. GuruFocus rates FRA:RG3 with a GF Score™ of 91/100 and a GF Value™ of €238.64 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 2,687 Metals & Mining companies, Royal Gold ranks better than 98.21% 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). Royal Gold's share price for the quarter that ended in Mar. 2026 was €220.3. Royal Gold's Shares Outstanding (EOP) for the quarter that ended in Mar. 2026 was 85 Mil. Therefore, Royal Gold's market cap for the quarter that ended in Mar. 2026 was €18,679 Mil.
Royal Gold's quarterly market cap
increased
from Sep. 2025 (€11,196 Mil) to Dec. 2025 (€16,228 Mil) and
increased
from Dec. 2025 (€16,228 Mil) to Mar. 2026 (€18,679 Mil).
Royal Gold's annual market cap
increased
from Dec. 2023 (€7,292 Mil) to Dec. 2024 (€8,385 Mil) and
increased
from Dec. 2024 (€8,385 Mil) to Dec. 2025 (€16,228 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. Royal Gold's Enterprise Value for Today is €15,442 Mil.
Royal Gold (FRA:RG3) 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.
Royal Gold Market Cap Related Terms
Royal Gold Market Cap Historical Data
* Premium members only.
The historical data trend for Royal Gold'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, Royal Gold'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.
Royal Gold Market Cap vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Royal Gold's Market Cap distribution charts can be found below:
* The bar in red indicates where Royal Gold'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.
Royal Gold'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.
Royal Gold (FRA:RG3) has a Market Cap of €15,084 Mil as of Jun. 25, 2026. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Royal Gold and its competitors. According to the industry distribution chart, Royal Gold ranks #48 out of 2687 companies in the Metals & Mining industry, placing it in the top 1.8%.
Is Royal Gold's Market Cap too high?
Royal Gold's current Market Cap is €15,084 Mil. Based on the distribution chart, Royal Gold ranks #48 out of 2687 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. 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 Market Cap compare to CDE and AUGO?
According to the Metals & Mining industry distribution chart, Royal Gold ranks #48 out of 2687 companies for Market Cap. This places Royal Gold in the top 2% of its industry — outperforming the majority of peers. The industry median Market Cap is 22.28. 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 22.28, based on 2,687 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 Royal Gold and its competitors. For the Metals & Mining industry, the median Market Cap is 22.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Royal Gold's current Market Cap is €15,084 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 €238.64, compared to a current price of €175.00 — trading 26.7% below its estimated fair value. The current Market Cap is €15,084 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 Market Cap calculated?
Market Cap is calculated from a company's financial statements. For Royal Gold (FRA:RG3), the current Market Cap is €15,084 Mil as of Jun. 25, 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 €175.00 is trading 26.7% below its estimated GF Value™ of €238.64.
GuruFocus considers Royal Gold to be Modestly Undervalued.
Key valuation signals for FRA:RG3:
Market Cap: €15,084 Mil
GF Value™: €238.64 vs. price of €175.00 (26.7% 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.
91GF Score
Get the complete analysis for FRA:RG3
Market Cap is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:RG3 has been successfully added to your 
