Triple Flag Precious Metals Corp. (TFPM) is a publicly traded company in the Basic Materials — Other Precious Metals industry listed on NYSE. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
Triple Flag Precious Metals Corp., a precious metals streaming and royalty company, engages in acquiring and managing precious metals, streams, royalties, and other mineral interests in Australia, Canada, Colombia, Cote d’Ivoire, Mexico, Mongolia, Peru, South Africa, and the United States. The company has a portfolio of streams and royalties providing exposure to copper, gold, silver, nickel, lead, lithium, and zinc.
Is Triple Flag Precious Metals Corp. stock overvalued or undervalued in 2026?
As of October 2, 2026, Triple Flag Precious Metals Corp. (TFPM) trades at 15.2× earnings (P/E), against a median of 19.6× across the 145 materials companies above $2bn in Kaplio's universe. Note: earnings per share over the last twelve months ($2.00) are far from the consensus for 2027 ($1.52), so the current P/E is not representative: this range uses expected earnings. No valuation verdict: it is a cyclical and today's P/E (15.2) does not tell whether it is cheap.
Kaplio overview: Triple Flag Precious Metals Corp.
Market cap $6B · 52 weeks $27 – $41 (26 % below the high) · P/E 15.2× · 2027 expected P/E 20.1× · Dividend 0.8 % · 4 years rising · Next earnings November 3, 2026 · expected EPS $0.28 · Price as of Oct 2 · accounts published Aug 5.
- Valuation: P/E 15.2× (no verdict).
- Business: ROIC 11 % (fair).
- Balance sheet: Net debt/EBITDA −0.1× (solid).
- Earnings: 8 of 8 (on track).
What would it be worth at its usual multiples?
No valuation verdict: it is a cyclical and today's P/E (15.2) does not tell whether it is cheap.
Note: earnings per share over the last twelve months ($2.00) are far from the consensus for 2027 ($1.52), so the current P/E is not representative: this range uses expected earnings.
Why is Triple Flag Precious Metals Corp.'s P/E so low?
Triple Flag Precious Metals Corp. trades at a P/E of 15.2× on reported earnings, but over the last 12 months 30 % of its pre-tax income ($132M) came from outside the business, such as revaluations or sales of stakes in other companies. It is real money, but it doesn't repeat every year. Without that part, its P/E would be about 21.6×. On analysts' expected earnings for 2027, its P/E is 20.1×. Kaplio's calculation from the official quarterly accounts filed up to the quarter ended June 30, 2026.
| Quarter ended | From the business | Outside the business | Net income |
|---|---|---|---|
| September 30, 2025 | $56.5M | $12.4M | $61.9M |
| December 31, 2025 | $76.6M | $15.5M | $78.0M |
| March 31, 2026 | $97.0M | $31.5M | $115M |
| June 30, 2026 | $84.4M | $73.0M | $156M |
In cyclicals the P/E misleads; on its average earnings over 10 years it trades at 179.3 times.
What matters in materials: 4 of 7 pass
- FCF yield 1.5 %, fails.
- Capex / D&A 2.7×, fails.
- P/B across cycles 2.8×, fails.
- Gross margin 67.6 %, passes.
- Net debt / EBITDA (trough) −0.1×, passes.
- Dividend coverage 2.0×, passes.
- Altman Z-Score 60.3, passes.
- Cycle-adjusted EV/EBITDA 13.4×, info.
Against its peers (reference peers) — Triple Flag Precious Metals Corp.: P/E 15.2×; EV/EBITDA 18.5×; ROIC 11.4 %; $6.3B. Compañía de Minas Buenaventura S.A.A. (P/E 7.1×; EV/EBITDA 5.9×; ROIC 13.4 %; $8.0B), OR Royalties Inc. (P/E 22.6×; EV/EBITDA 15.7×; ROIC 14.2 %; $6.4B), Axalta Coating Systems Ltd. (P/E 19.8×; EV/EBITDA 10.2×; ROIC 7.4 %; $7.0B).
Dividend
solid · Yield 0.76 % ($0.23 per ADS in 2025) · Years raising it ≥ 4 · paying since 2021 · Free cash flow coverage 1.6× · With $1,000 invested today you'd collect $7.60 a year ($0.63 a month).
Profitability
| Return on Equity | 19.46% |
| Return on Invested Capital | 11.41% |
| Return on Assets | 16.00% |
| Gross Margin | 74.36% |
| Operating Margin | 64.39% |
| Net Margin | 84.27% |
Financial Health
| Debt / Equity | 0.10 |
| Current Ratio | 3.67 |
| Piotroski F-Score | 6 |
| Altman Z-Score | 60.29 |
Price Performance
| 1 month | -10.14% |
| 3 months | +10.04% |
| Year-to-date | -8.25% |
| 1 year | +0.20% |
| 3 years | +135.73% |
| 5 years | +239.04% |
Dividend History
Paid in the last 12 months: $0.2325 per share in 4 payments.
| Date | Amount |
|---|---|
| 2026-08-31 | $0.0600 |
| 2026-06-01 | $0.0575 |
| 2026-03-02 | $0.0575 |
| 2025-12-01 | $0.0575 |
| 2025-09-02 | $0.0575 |
| 2025-05-30 | $0.0550 |
| 2025-03-03 | $0.0550 |
| 2024-11-29 | $0.0550 |
| 2024-08-30 | $0.0550 |
| 2024-05-31 | $0.0525 |
Amounts adjusted for stock splits.
Related companies: AXTA · BCPC · BTG · BVN · CLF · HBM · LPX
Explore sector: Basic Materials · Other Precious Metals
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