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Royal GoldFRA:RG3 +2.23%96 3-Year Share Buyback Ratio is -8.80 as of Mar. 2026. GuruFocus rates FRA:RG3 with a GF Score™ of 96/100 and a GF Value™ of €242.37 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 2,168 Metals & Mining companies, Royal Gold ranks better than 69.1% on this metric.
Shares Outstanding (EOP) are shares that have been authorized, issued, and purchased by investors and are held by them.
3-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past three years. It is calculated as the annualized percentage change in shares outstanding from three years ago to the current year. A positive ratio may indicate share buybacks over the period, while a zero or negative ratio may reflect no repurchases or potential share issuance. Royal Gold's current 3-Year Share Buyback Ratio was -8.80%.
The historical rank and industry rank for Royal Gold's 3-Year Share Buyback Ratio or its related term are showing as below:
FRA:RG3'
s 3-Year Share Buyback Ratio Range Over the Past 10 Years
Min: -23 Med: -4.7 Max: -0.1
Current: -8.8
During the past 13 years, Royal Gold's highest 3-Year Share Buyback Ratio was -0.10%. The lowest was -23.00%. And the median was -4.70%.
FRA:RG3's 3-Year Share Buyback Ratio is ranked better than 69.1% of 2168
companies
in the Metals & Mining industry
Industry Median: -17.5
vs FRA:RG3: -8.80
Royal Gold (FRA:RG3) 3-Year Share Buyback Ratio Explanation
A negative number means the company might be issuing new shares. A positive number indicates that the company is buying back shares.
Be Aware
Investors usually like share buybacks. But as pointed by Warren Buffett, only if a company buys back shares at the prices below the stock's intrinsic value, it rewards remaining shareholders. If a company buys its overvalued stocks back, it destroys shareholder value.
Royal Gold 3-Year Share Buyback Ratio Related Terms
FRA:RG3 vs CDE, AUGO, HYMC: 3-Year Share Buyback Ratio Comparison
For the Gold subindustry, Royal Gold's 3-Year Share Buyback Ratio, along with its competitors' market caps and 3-Year Share Buyback 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 3-Year Share Buyback Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Royal Gold's 3-Year Share Buyback Ratio distribution charts can be found below:
* The bar in red indicates where Royal Gold's 3-Year Share Buyback Ratio falls into.
This is the annualized percentage change in shares outstanding from three years ago to the current year. The annualized percentage change is calculated with expontential compound based on the latest four years of annual data on Shares Outstanding (EOP).
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.
What does a 3-Year Share Buyback Ratio of -8.80 mean?
Royal Gold (FRA:RG3) has a 3-Year Share Buyback Ratio of -8.80 as of Mar. 2026. The 3-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past three years. It is calculated as the annualized percentage change in shares outstanding from three years ago to the current year. View historical data for Royal Gold and its competitors. According to the industry distribution chart, Royal Gold ranks #670 out of 2168 companies in the Metals & Mining industry, placing it in the top 30.9%.
Is Royal Gold's 3-Year Share Buyback Ratio too high?
Royal Gold's current 3-Year Share Buyback Ratio is -8.80. Based on the distribution chart, Royal Gold ranks #670 out of 2168 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Royal Gold has a GF Score™ of 96/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Royal Gold's 3-Year Share Buyback Ratio compare to CDE and AUGO?
According to the Metals & Mining industry distribution chart, Royal Gold ranks #670 out of 2168 companies for 3-Year Share Buyback Ratio. This puts Royal Gold in the upper half of its industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year Share Buyback Ratio for a Metals & Mining company?
A good 3-Year Share Buyback Ratio depends on the Metals & Mining industry context. However, 3-Year Share Buyback Ratio 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 3-Year Share Buyback Ratio mean?
A high 3-Year Share Buyback Ratio can signal that a stock is expensive relative to its fundamentals. The 3-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past three years. It is calculated as the annualized percentage change in shares outstanding from three years ago to the current year. View historical data for Royal Gold and its competitors. Royal Gold's current 3-Year Share Buyback Ratio is -8.80. 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 €242.37, compared to a current price of €171.85 — trading 29.1% below its estimated fair value. The current 3-Year Share Buyback Ratio is -8.80. Royal Gold's overall GF Score™ is 96/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year Share Buyback Ratio calculated?
3-Year Share Buyback Ratio is calculated from a company's financial statements. For Royal Gold (FRA:RG3), the current 3-Year Share Buyback Ratio is -8.80 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 €171.85 is trading 29.1% below its estimated GF Value™ of €242.37.
GuruFocus considers Royal Gold to be Modestly Undervalued.
Key valuation signals for FRA:RG3:
3-Year Share Buyback Ratio: -8.80
GF Value™: €242.37 vs. price of €171.85 (29.1% below fair value)
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.
96GF Score
Get the complete analysis for FRA:RG3
3-Year Share Buyback Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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