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Royal GoldFRA:RG3 +3.35%85 Shiller PE Ratio is 62.89 as of Aug. 23, 2026, which is 23% below its 10-year median of 81.34. GuruFocus rates FRA:RG3 with a GF Score™ of 85/100 and a GF Value™ of €243.20 (Fairly Valued). The stock has 2 warning signs investors should review. Among 416 Metals & Mining companies, Royal Gold ranks worse than 75.72% on this metric.
As of today (2026-08-23), Royal Gold's current share price is €222.00. Royal Gold's E10 for the quarter that ended in Jun. 2026 was €3.53. Royal Gold's Shiller PE Ratio for today is 62.89.
The historical rank and industry rank for Royal Gold's Shiller PE Ratio or its related term are showing as below:
FRA:RG3'
s Shiller PE Ratio Range Over the Past 10 Years
Min: 46.59 Med: 81.34 Max: 190.54
Current: 63.73
During the past years, Royal Gold's highest Shiller PE Ratio was 190.54. The lowest was 46.59. And the median was 81.34.
FRA:RG3's Shiller PE Ratio is ranked worse than 75.72% of 416
companies
in the Metals & Mining industry
Industry Median: 33.71
vs FRA:RG3: 63.73
E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.
Royal Gold's adjusted earnings per share data for the three months ended in Jun. 2026 was €2.413. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is €3.53 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.
Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.
Be Aware
Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.
Royal Gold Shiller PE Ratio Related Terms
Royal Gold Shiller PE Ratio Historical Data
* Premium members only.
The historical data trend for Royal Gold's Shiller PE 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.
FRA:RG3 vs CDE, AUGO, HYMC: Shiller PE Ratio Comparison
For the Gold subindustry, Royal Gold's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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 Shiller PE Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Royal Gold's Shiller PE Ratio distribution charts can be found below:
* The bar in red indicates where Royal Gold's Shiller PE Ratio falls into.
For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.
The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.
Royal Gold's Shiller PE Ratio for today 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's E10 for the quarter that ended in Jun. 2026 is calculated as:
For example, Royal Gold's adjusted earnings per share data for the three months ended in Jun. 2026 was:
Add all the adjusted EPS together and divide 10 will get our E10.
Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.
Royal Gold (FRA:RG3) has a Shiller PE Ratio of 62.89 as of Aug. 23, 2026. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on Royal Gold and its competitors. This is 23% below median its historical median of 81.34. Over the past decade, Royal Gold's Shiller PE Ratio has ranged from 46.59 to 190.54. According to the industry distribution chart, Royal Gold ranks #315 out of 416 companies in the Metals & Mining industry, placing it in the top 75.7%.
Is Royal Gold's Shiller PE Ratio too high?
Royal Gold's current Shiller PE Ratio of 62.89 is 23% below median its 10-year median of 81.34. Over the past 10 years, this metric has ranged from a low of 46.59 to a high of 190.54. The Metals & Mining industry median Shiller PE Ratio is 33.71. Royal Gold's value of 62.89 is 86.6% above this industry median. Based on the distribution chart, Royal Gold ranks #315 out of 416 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Royal Gold has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Royal Gold's Shiller PE Ratio compare to CDE and AUGO?
According to the Metals & Mining industry distribution chart, Royal Gold ranks #315 out of 416 companies for Shiller PE Ratio. This places Royal Gold in the lower half of its industry. The industry median Shiller PE Ratio is 33.71. Royal Gold's value of 62.89 is 86.6% above this benchmark. Historically, Royal Gold's own Shiller PE Ratio has ranged from 46.59 to 190.54 over the past decade. While the company's 10-year median is 81.34 vs. the industry median of 33.71, 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 Shiller PE Ratio for a Metals & Mining company?
The median Shiller PE Ratio among Metals & Mining companies is 33.71, based on 416 companies in the industry. Companies in the top quartile (top 25%) have a Shiller PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Shiller PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Royal Gold's current Shiller PE Ratio of 62.89 is 86.6% 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 Shiller PE Ratio mean?
A high Shiller PE Ratio can signal that a stock is expensive relative to its fundamentals. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on Royal Gold and its competitors. For the Metals & Mining industry, the median Shiller PE Ratio is 33.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Royal Gold's current Shiller PE Ratio is 62.89, which is 23% below median its own 10-year median of 81.34. 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 Fairly Valued. The stock's GF Value™ is €243.20, compared to a current price of €222.00 — trading 8.7% below its estimated fair value. The current Shiller PE Ratio is 62.89, which is 23% below median its 10-year median of 81.34 and 86.6% above the Metals & Mining industry median of 33.71. Royal Gold's overall GF Score™ is 85/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shiller PE Ratio calculated?
Shiller PE Ratio is calculated from a company's financial statements. For Royal Gold (FRA:RG3), the current Shiller PE Ratio is 62.89 as of Aug. 23, 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 €222.00 is trading 8.7% below its estimated GF Value™ of €243.20.
GuruFocus considers Royal Gold to be Fairly Valued.
Key valuation signals for FRA:RG3:
Shiller PE Ratio: 62.89 (23% below median its 10-year median of 81.34)
GF Value™: €243.20 vs. price of €222.00 (8.7% below fair value)
Industry Position: 86.6% above the Metals & Mining median (#315 of 416)
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.
85GF Score
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Shiller PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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