Franco-Nevada (FRA:3FO) Moat Score: 8/10 (As of Jul. 03, 2026)


FRA:3FO Franco-Nevada Corp FRA:3FO
91 GF Score
Price €187.40
GF Value €230.72
Valuation Modestly Undervalued
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What is Franco-Nevada Moat Score?

Franco-Nevada FRA:3FO +0.43% 91 Moat Score is 8 as of Jul. 03, 2026. GuruFocus rates FRA:3FO with a GF Score™ of 91/100 and a GF Value™ of €230.72 (Modestly Undervalued). Among 2,612 Metals & Mining companies, Franco-Nevada ranks better than 99.96% on this metric.

Franco-Nevada has the Moat Score of 8, which implies that the company might have Wide Moat - Clear and robust wide moat.

Franco-Nevada has Wide Moat: Franco-Nevada benefits from a robust portfolio of royalties and streams, providing significant pricing power and durable cost advantages. Its market leadership in the royalty and streaming sector, combined with strong brand strength and valuable intellectual property, supports a clear and robust wide moat.

Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.

The company's Moat Score is based on these criteria:

1. Market leadership and sustainable market share
2. Network effects and significant customer switching costs
3. Valuable intellectual property and patents
4. Strong brand strength and deep customer loyalty
5. Durable cost advantages (e.g., economies of scale, proprietary technology)
6. Significant regulatory barriers and exclusive licenses
7. Superior distribution network
8. Strong and sustainable pricing power
9. Consistent and impactful innovation and R&D capabilities

Based on the research, GuruFocus believes Franco-Nevada might have Wide Moat - Clear and robust wide moat.

Franco-Nevada  (FRA:3FO) Moat Score Explanation

The Moat Score ranges from 0 to 10, with 10 as the highest. GuruFocus divided Moat Score into following 8 categories:

Moat Score Moat Level
10Wide Moat - Exceptionally dominant and durable wide moat
8 - 9Wide Moat - Clear and robust wide moat
7Wide Moat - Entry-level wide moat, clearly possessing durable advantages
6Narrow Moat - Strong narrow moat, clearly distinguishable but not wide
5Narrow Moat - Solid narrow moat
4Narrow Moat - Discernible but modest moat
1 - 3No Moat - Very weak/transient advantages
0No Moat - No discernible moat

Franco-Nevada Moat Score Related Terms

FRA:3FO vs NEM, AU, RGLD: Moat Score Comparison

For the Gold subindustry, Franco-Nevada's Moat Score, along with its competitors' market caps and Moat Score 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 Moat Score vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Franco-Nevada's Moat Score distribution charts can be found below:

* The bar in red indicates where Franco-Nevada's Moat Score falls into.


FRA:3FO
91GF Score
Franco-Nevada Corp FRA:3FO
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Frequently Asked Questions Learn more about Moat Score →
What does a Moat Score of 8 mean?
Franco-Nevada (FRA:3FO) has a Moat Score of 8 as of Jul. 03, 2026. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. According to the industry distribution chart, Franco-Nevada ranks #1 out of 2612 companies in the Metals & Mining industry, placing it in the top 0%.
Is Franco-Nevada's Moat Score too high?
Franco-Nevada's current Moat Score is 8. The Metals & Mining industry median Moat Score is 1.00. Franco-Nevada's value of 8 is 700% above this industry median. Based on the distribution chart, Franco-Nevada ranks #1 out of 2612 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 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Franco-Nevada's Moat Score compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Franco-Nevada ranks #1 out of 2612 companies for Moat Score. This places Franco-Nevada in the top 0% of its industry — outperforming the majority of peers. The industry median Moat Score is 1.00. Franco-Nevada's value of 8 is 700% 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 Moat Score for a Metals & Mining company?
The median Moat Score among Metals & Mining companies is 1.00, based on 2,612 companies in the industry. Companies in the top quartile (top 25%) have a Moat Score significantly above this median, while those in the bottom quartile fall well below. However, Moat Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Franco-Nevada's current Moat Score of 8 is 700% 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 Moat Score mean?
A high Moat Score can signal that a stock is expensive relative to its fundamentals. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. For the Metals & Mining industry, the median Moat Score is 1.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Franco-Nevada's current Moat Score is 8. 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 €230.72, compared to a current price of €187.40 — trading 18.8% below its estimated fair value. The current Moat Score is 8 and 700% above the Metals & Mining industry median of 1.00. Franco-Nevada's overall GF Score™ is 91/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Moat Score calculated?
Moat Score is calculated from a company's financial statements. For Franco-Nevada (FRA:3FO), the current Moat Score is 8 as of Jul. 03, 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 €187.40 is trading 18.8% below its estimated GF Value™ of €230.72. GuruFocus considers Franco-Nevada to be Modestly Undervalued.

Key valuation signals for FRA:3FO:

  • Moat Score: 8
  • GF Value™: €230.72 vs. price of €187.40 (18.8% below fair value)
  • GF Score™: 91/100
  • Industry Position: 700% above the Metals & Mining median (#1 of 2612)

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 Business Description

Address 199 Bay Street, Suite 2000, Commerce Court West, Toronto, ON, CAN, M5L 1G9
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.
91GF Score

Get the complete analysis for FRA:3FO

Moat Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€187.40
Price
€230.72
GF Value