Franco-Nevada (STU:3FO) Tax Expense: €318 Mil (TTM As of Mar. 2026)


STU:3FO Franco-Nevada Corp STU:3FO
89 GF Score
Price €192.70
GF Value €234.16
Valuation Modestly Undervalued
View Full Analysis

What is Franco-Nevada Tax Expense?

Franco-Nevada STU:3FO +1.61% 89 Tax Expense is €318 Mil as of Mar. 2026. GuruFocus rates STU:3FO with a GF Score™ of 89/100 and a GF Value™ of €234.16 (Modestly Undervalued).

Franco-Nevada's tax expense for the months ended in Mar. 2026 was €109 Mil. Its tax expense for the trailing twelve months (TTM) ended in Mar. 2026 was €318 Mil.


Franco-Nevada  (STU:3FO) Tax Expense Explanation

In the long run, income before tax and taxable income will likely be more similar than they are in any given period. If the one is less in earlier years, then it will be greater in later years. Deferred taxes will reverse themselves in the long run and in total will zero out, unless there is something like a change in tax rates in the intervening period. A deferred tax payable results from a tax break in the early years and will reverse itself in later years; a deferred tax receivable results from more taxes being paid in early years than the tax expense reported to shareholders and will again reverse itself in later years. The deferred tax amount is computed by estimating the amount and the timing of the reversal and multiplying that by the appropriate tax rates.


Franco-Nevada Tax Expense Related Terms


Franco-Nevada Tax Expense Historical Data

* Premium members only.

The historical data trend for Franco-Nevada's Tax Expense 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.

Franco-Nevada Tax Expense Chart

Franco-Nevada Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Tax Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 109.83 125.65 93.72 202.27 259.53

Franco-Nevada Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Tax Expense 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 55.32 59.48 63.82 85.91 109.25
STU:3FO
89GF Score
Franco-Nevada Corp STU:3FO
Tax Expense is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Franco-Nevada Tax Expense Calculation

Tax paid by the company. It is computed in by multiplying the income before tax number, as reported to shareholders, by the appropriate tax rate. In reality, the computation is typically considerably more complex due to things such as expenses considered not deductible by taxing authorities ("add backs"), the range of tax rates applicable to various levels of income, different tax rates in different jurisdictions, multiple layers of tax on income, and other issues.

Tax Expense 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 €318 Mil.

* 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 Tax Expense →
What does a Tax Expense of €318 Mil mean?
Franco-Nevada (STU:3FO) has a Tax Expense of €318 Mil as of Mar. 2026. Tax expense is the amount of tax the company pays in an accounting period. View historical data on Franco-Nevada and its competitors.
Is Franco-Nevada's Tax Expense too high?
Franco-Nevada's current Tax Expense is €318 Mil. Overall, Franco-Nevada has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Franco-Nevada's Tax Expense compare to NEM and AU?
Franco-Nevada's Tax Expense of €318 Mil 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 Tax Expense for a Metals & Mining company?
A good Tax Expense depends on the Metals & Mining industry context. However, Tax Expense 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 Tax Expense mean?
A high Tax Expense can signal that a stock is expensive relative to its fundamentals. Tax expense is the amount of tax the company pays in an accounting period. View historical data on Franco-Nevada and its competitors. Franco-Nevada's current Tax Expense is €318 Mil. 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 (STU:3FO) is currently considered Modestly Undervalued. The stock's GF Value™ is €234.16, compared to a current price of €192.70 — trading 17.7% below its estimated fair value. The current Tax Expense is €318 Mil. Franco-Nevada's overall GF Score™ is 89/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Tax Expense calculated?
Tax Expense is calculated from a company's financial statements. For Franco-Nevada (STU:3FO), the current Tax Expense is €318 Mil 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 Franco-Nevada (STU:3FO) Overvalued in 2026?

Based on GuruFocus' analysis, Franco-Nevada stock appears to be undervalued. The current stock price of €192.70 is trading 17.7% below its estimated GF Value™ of €234.16. GuruFocus considers Franco-Nevada to be Modestly Undervalued.

Key valuation signals for STU:3FO:

  • Tax Expense: €318 Mil
  • GF Value™: €234.16 vs. price of €192.70 (17.7% below fair value)
  • GF Score™: 89/100

No single metric tells the full story. See the STU: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.
89GF Score

Get the complete analysis for STU:3FO

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

€192.70
Price
€234.16
GF Value