Royal GoldFRA:RG3 +2.17%91 Pretax Margin % is 65.46% as of Mar. 2026, which is 56% above its 10-year median of 41.93. GuruFocus rates FRA:RG3 with a GF Score™ of 91/100 and a GF Value™ of €237.63 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 843 Metals & Mining companies, Royal Gold ranks better than 92.41% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Royal Gold's Pre-Tax Income for the
three
months ended in Mar. 2026 was €266 Mil. Royal Gold's Revenue for the
three
months ended in Mar. 2026 was €406 Mil. Therefore, Royal Gold's pretax margin for the quarter that ended in Mar. 2026 was 65.46%.
The historical rank and industry rank for Royal Gold's Pretax Margin % or its related term are showing as below:
FRA:RG3'
s Pretax Margin % Range Over the Past 10 Years
Min: -22.78 Med: 41.93 Max: 59.23
Current: 57.96
FRA:RG3's Pretax Margin % is ranked better than 92.41% of 843
companies
in the Metals & Mining industry
Industry Median: 4.83
vs FRA:RG3: 57.96
Royal Gold (FRA:RG3) Pretax Margin % Explanation
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
Royal Gold Pretax Margin % Related Terms
Royal Gold Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Royal Gold's Pretax Margin % 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, SA: Pretax Margin % Comparison
For the Gold subindustry, Royal Gold's Pretax Margin %, along with its competitors' market caps and Pretax Margin % 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 Pretax Margin % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Royal Gold's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Royal Gold's Pretax Margin % falls into.
* 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 Pretax Margin % of 65.46% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Royal Gold and its competitors. This is 56% above median its historical median of 41.93. According to the industry distribution chart, Royal Gold ranks #64 out of 843 companies in the Metals & Mining industry, placing it in the top 7.6%.
Is Royal Gold's Pretax Margin % too high?
Royal Gold's current Pretax Margin % of 65.46% is 56% above median its 10-year median of 41.93. The Metals & Mining industry median Pretax Margin % is 4.83. Royal Gold's value of 65.46% is 1255.3% above this industry median. Based on the distribution chart, Royal Gold ranks #64 out of 843 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 Pretax Margin % compare to CDE and AUGO?
According to the Metals & Mining industry distribution chart, Royal Gold ranks #64 out of 843 companies for Pretax Margin %. This places Royal Gold in the top 8% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 4.83. Royal Gold's value of 65.46% is 1255.3% above this benchmark. While the company's 10-year median is 41.93 vs. the industry median of 4.83, Royal Gold has consistently been above 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 Pretax Margin % for a Metals & Mining company?
The median Pretax Margin % among Metals & Mining companies is 4.83, based on 843 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Royal Gold's current Pretax Margin % of 65.46% is 1255.3% 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 Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Royal Gold and its competitors. For the Metals & Mining industry, the median Pretax Margin % is 4.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Royal Gold's current Pretax Margin % is 65.46%, which is 56% above median its own 10-year median of 41.93. 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 €237.63, compared to a current price of €178.80 — trading 24.8% below its estimated fair value. The current Pretax Margin % is 65.46%, which is 56% above median its 10-year median of 41.93 and 1255.3% above the Metals & Mining industry median of 4.83. 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 Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For Royal Gold (FRA:RG3), the current Pretax Margin % is 65.46% 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 Royal Gold (FRA:RG3) Overvalued in 2026?
Based on GuruFocus' analysis, Royal Gold stock appears to be undervalued.
The current stock price of €178.80 is trading 24.8% below its estimated GF Value™ of €237.63.
GuruFocus considers Royal Gold to be Modestly Undervalued.
Key valuation signals for FRA:RG3:
Pretax Margin %: 65.46% (56% above median its 10-year median of 41.93)
GF Value™: €237.63 vs. price of €178.80 (24.8% below fair value)
Industry Position: 1255.3% above the Metals & Mining median (#64 of 843)
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
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Pretax Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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