Franco-Nevada Corporation (FNV) Valuation — DCF, Graham & Comparables

Franco-Nevada Corporation (FNV) — Price $224.95 (closing price, October 30, 2026) — Basic Materials — Gold — NYSE

Latest reported results:

Valuation dashboard for Franco-Nevada Corporation (FNV) with P/E 29.41, P/B 5.28, EV/EBITDA 19.08 and dividend yield 0.76%. DCF, Graham Number, EPS growth, peer multiples and dividend discount models plus sector comparison against other Basic Materials companies.

Franco-Nevada Corporation operates as a royalty and stream company focused on precious metals in South America, Central America, Mexico, the United States, Canada, Australia, Europe, and Africa. It operates through Precious Metals, Other Mining and Energy segments.

Analysis Summary

Franco-Nevada Corporation reported revenue of $1.82B in the most recent fiscal year, growing at a 5-year CAGR of 12.3%. Net income reached $1.11B, with a 27.8% 5-year CAGR.

Trailing-twelve-month margins: gross margin 77.3%, operating margin 75.6%, net margin 63.8%.

At $224.95 (closing price, October 30, 2026), FNV trades at a P/E of 29.41 and an ROE of 19.08%. Market capitalisation stands at $43.4B, placing it among large-cap names.

Balance sheet quality for FNV: current ratio of 8.3. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.

Valuation Ratios

P/E Ratio29.41
Price / Book5.28
EV / EBITDA19.08
Dividend Yield0.76%

Valuation Models

DCF Fair Value$24.12
vs Current Price-89.3%

Peer Comparison

SymbolCompanyMarket CapP/EP/BROE
FNVFranco-Nevada Corporation$43.4B29.415.2819.1%
RGLDRoyal Gold, Inc.$19.4B24.972.6611.5%
WPMWheaton Precious Metals Corp.$52.9B25.855.4623.0%
TFPMTriple Flag Precious Metals Corp.$5.8B14.062.5419.5%
0R4M.LLundin Gold Inc.SEK 155.3B15.6026.8381.6%
0R2J.LAgnico Eagle Mines LimitedCAD 133.7B14.943.0522.6%
AEM.TOAgnico Eagle Mines LimitedCAD 116.9B13.592.8322.4%
NEMNewmont Corporation$110.8B12.373.1326.5%

Price

Price$224.95 (closing price, October 30, 2026)
Market Cap$43.4B
ExchangeNYSE
CountryCA

Profitability

Return on Equity19.08%
Return on Invested Capital15.65%
Return on Assets16.56%
Gross Margin77.32%
Operating Margin75.61%
Net Margin63.79%

Related companies: RGLD · WPM · TFPM · 0R4M.L · 0R2J.L · AEM.TO · NEM · 0R28.L

Explore sector: Basic Materials · Gold

More sections of FNV: Overview · Financials · Statistics · Estimates · Technical · Ownership · News · Events

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