Royal GoldFRA:RG3 -3.37%91 PS Ratio is 11.96 as of Jun. 30, 2026, which is 9% below its 10-year median of 13.08. GuruFocus rates FRA:RG3 with a GF Score™ of 91/100 and a GF Value™ of €237.55 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 751 Metals & Mining companies, Royal Gold ranks worse than 81.09% on this metric.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. As of today, Royal Gold's share price is €176.55.
Royal Gold's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was €14.76. Hence, Royal Gold's PS Ratio for today is 11.96.
Good Sign:
Royal Gold Inc stock PS Ratio (=11.77) is close to 3-year low of 11.15.
The historical rank and industry rank for Royal Gold's PS Ratio or its related term are showing as below:
FRA:RG3'
s PS Ratio Range Over the Past 10 Years
Min: 8.88 Med: 13.08 Max: 20.65
Current: 11.77
During the past 13 years, Royal Gold's highest PS Ratio was 20.65. The lowest was 8.88. And the median was 13.08.
FRA:RG3's PS Ratio is ranked worse than 81.09% of 751
companies
in the Metals & Mining industry
Industry Median: 2.38
vs FRA:RG3: 11.77
Royal Gold Inc has shown predictable revenue and earnings growth.
During the past 12 months, the average Revenue per Share Growth Rate of Royal Gold was 47.90% per year.
During the past 3 years, the average Revenue per Share Growth Rate was 17.30% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 11.50% per year.
During the past 10 years, the average Revenue per Share Growth Rate was 10.30% per year.
During the past 13 years, Royal Gold's highest 3-Year average Revenue per Share Growth Rate was 225.90% per year. The lowest was -73.70% per year. And the median was 16.70% per year.
Back to Basics: PS Ratio
Royal Gold (FRA:RG3) PS Ratio Explanation
The PS Ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. The PS Ratio works especially well when you want to compare the stock's current valuation with its historical valuation. The PS Ratio is a great valuation tool for evaluating cyclical businesses where the PE Ratio works poorly. It works the best when comparing the current valuation with the historical valuation because over time, a company's profit margin tends to revert to the mean.
When the PS Ratio is applied to the whole stock market, it can be used to evaluate the current market valuation and projected returns. In this case, the price is the total market cap of all stocks that are traded, and sales are the GDP of the country. This is how Warren Buffett estimates the broad market valuation and project future returns.
The PS Ratio does not tell you how cheap or expensive the stock is. It cannot be used to compare companies in different industries. It works better for companies within the same industry because these companies tend to have similar capital structures and profit margins. It works the best when comparing a company with itself in the past.
Royal Gold PS Ratio Related Terms
Royal Gold PS Ratio Historical Data
* Premium members only.
The historical data trend for Royal Gold's PS Ratio 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 PS Ratio, along with its competitors' market caps and PS Ratio 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 PS Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Royal Gold's PS Ratio distribution charts can be found below:
* The bar in red indicates where Royal Gold's PS Ratio falls into.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. It is a ratio widely used to value stocks and it was first used by Ken Fisher.
Royal Gold's Share Price of today is €176.55. Royal Gold's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €14.76.
* 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.
It can also be calculated from the numbers for the whole company:
Royal Gold (FRA:RG3) has a PS Ratio of 11.96 as of Jun. 30, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Royal Gold and its competitors. This is near median its historical median of 13.08. Over the past decade, Royal Gold's PS Ratio has ranged from 8.88 to 20.65. According to the industry distribution chart, Royal Gold ranks #609 out of 751 companies in the Metals & Mining industry, placing it in the top 81.1%.
Is Royal Gold's PS Ratio too high?
Royal Gold's current PS Ratio of 11.96 is near median its 10-year median of 13.08. Over the past 10 years, this metric has ranged from a low of 8.88 to a high of 20.65. The Metals & Mining industry median PS Ratio is 2.38. Royal Gold's value of 11.96 is 402.5% above this industry median. Based on the distribution chart, Royal Gold ranks #609 out of 751 companies in the Metals & Mining industry, which is in the bottom quartile 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 PS Ratio compare to CDE and AUGO?
According to the Metals & Mining industry distribution chart, Royal Gold ranks #609 out of 751 companies for PS Ratio. This places Royal Gold in the lower half of its industry. The industry median PS Ratio is 2.38. Royal Gold's value of 11.96 is 402.5% above this benchmark. Historically, Royal Gold's own PS Ratio has ranged from 8.88 to 20.65 over the past decade. While the company's 10-year median is 13.08 vs. the industry median of 2.38, 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 PS Ratio for a Metals & Mining company?
The median PS Ratio among Metals & Mining companies is 2.38, based on 751 companies in the industry. Companies in the top quartile (top 25%) have a PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Royal Gold's current PS Ratio of 11.96 is 402.5% 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 PS Ratio mean?
A high PS Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Royal Gold and its competitors. For the Metals & Mining industry, the median PS Ratio is 2.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Royal Gold's current PS Ratio is 11.96, which is near median its own 10-year median of 13.08. 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 €237.55, compared to a current price of €176.55 — trading 25.7% below its estimated fair value. The current PS Ratio is 11.96, which is near median its 10-year median of 13.08 and 402.5% above the Metals & Mining industry median of 2.38. 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 PS Ratio calculated?
PS Ratio is calculated from a company's financial statements. For Royal Gold (FRA:RG3), the current PS Ratio is 11.96 as of Jun. 30, 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 €176.55 is trading 25.7% below its estimated GF Value™ of €237.55.
GuruFocus considers Royal Gold to be Modestly Undervalued.
Key valuation signals for FRA:RG3:
PS Ratio: 11.96 (near median its 10-year median of 13.08)
GF Value™: €237.55 vs. price of €176.55 (25.7% below fair value)
Industry Position: 402.5% above the Metals & Mining median (#609 of 751)
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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