Royal Gold (FRA:RG3) ROCE %: 13.73% (As of Mar. 2026)


FRA:RG3 Royal Gold Inc FRA:RG3
91 GF Score
Price €175.00
GF Value €238.64
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Royal Gold ROCE %?

Royal Gold FRA:RG3 -3.47% 91 ROCE % is 13.73% as of Mar. 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.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Royal Gold's annualized ROCE % for the quarter that ended in Mar. 2026 was 13.73%.

Royal Gold  (FRA:RG3) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Royal Gold ROCE % Related Terms

Royal Gold ROCE % Historical Data

* Premium members only.

The historical data trend for Royal Gold's ROCE % 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.

Royal Gold ROCE % Chart

Royal Gold Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.56 10.08 9.12 13.48 9.19

Royal Gold Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 14.71 16.25 17.08 9.53 13.73
FRA:RG3
91GF Score
Royal Gold Inc FRA:RG3
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Royal Gold ROCE % Calculation

Royal Gold's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=514.866/( ( (3239.484 - 81.319) + (8145.045 - 103.262) )/ 2 )
=514.866/( (3158.165+8041.783)/ 2 )
=514.866/5599.974
=9.19 %

Royal Gold's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=1108.404/( ( (8145.045 - 103.262) + (8208.596 - 101.284) )/ 2 )
=1108.404/( ( 8041.783 + 8107.312 )/ 2 )
=1108.404/8074.5475
=13.73 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 13.73% mean?
Royal Gold (FRA:RG3) has a ROCE % of 13.73% as of Mar. 2026.
Is Royal Gold's ROCE % too high?
Royal Gold's current ROCE % is 13.73%. 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 ROCE % compare to CDE and AUGO?
Royal Gold's ROCE % of 13.73% can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Metals & Mining company?
A good ROCE % depends on the Metals & Mining industry context. However, ROCE % 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. Royal Gold's current ROCE % is 13.73%. 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 ROCE % is 13.73%. 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 ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Royal Gold (FRA:RG3), the current ROCE % is 13.73% 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 €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:

  • ROCE %: 13.73%
  • GF Value™: €238.64 vs. price of €175.00 (26.7% below fair value)
  • GF Score™: 91/100 with 2 warning signs

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 Business Description

Address 1144 15th Street, Suite 2500, Denver, CO, USA, 80202
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

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

€175.00
Price
€238.64
GF Value