ROYAL GOLD INC (RGLD) Fundamental Analysis & Valuation

NASDAQ:RGLD • US7802871084

279.84 USD
+3.37 (+1.22%)
At close: Mar 6, 2026
275.5 USD
-4.34 (-1.55%)
After Hours: 3/6/2026, 8:00:02 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This RGLD fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

6

RGLD gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 157 industry peers in the Metals & Mining industry. While RGLD has a great profitability rating, there are some minor concerns on its financial health. RGLD is valued quite expensively, but it does show have an excellent growth rating. These ratings would make RGLD suitable for growth investing!


Dividend Valuation Growth Profitability Health

7

1. RGLD Profitability Analysis

1.1 Basic Checks

  • RGLD had positive earnings in the past year.
  • In the past year RGLD had a positive cash flow from operations.
  • In the past 5 years RGLD has always been profitable.
  • RGLD had a positive operating cash flow in each of the past 5 years.
RGLD Yearly Net Income VS EBIT VS OCF VS FCFRGLD Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M -500M -1B

1.2 Ratios

  • Looking at the Return On Assets, with a value of 4.89%, RGLD is in the better half of the industry, outperforming 72.61% of the companies in the same industry.
  • With a decent Return On Equity value of 6.51%, RGLD is doing good in the industry, outperforming 68.15% of the companies in the same industry.
  • RGLD's Return On Invested Capital of 5.65% is fine compared to the rest of the industry. RGLD outperforms 61.78% of its industry peers.
  • RGLD had an Average Return On Invested Capital over the past 3 years of 7.82%. This is below the industry average of 11.01%.
Industry RankSector Rank
ROA 4.89%
ROE 6.51%
ROIC 5.65%
ROA(3y)7.27%
ROA(5y)7.99%
ROE(3y)8.48%
ROE(5y)9.26%
ROIC(3y)7.82%
ROIC(5y)7.89%
RGLD Yearly ROA, ROE, ROICRGLD Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 -5 10

1.3 Margins

  • RGLD has a Profit Margin of 45.25%. This is amongst the best in the industry. RGLD outperforms 96.18% of its industry peers.
  • RGLD's Profit Margin has improved in the last couple of years.
  • The Operating Margin of RGLD (64.50%) is better than 98.09% of its industry peers.
  • RGLD's Operating Margin has improved in the last couple of years.
  • RGLD has a better Gross Margin (86.46%) than 99.36% of its industry peers.
  • In the last couple of years the Gross Margin of RGLD has remained more or less at the same level.
Industry RankSector Rank
OM 64.5%
PM (TTM) 45.25%
GM 86.46%
OM growth 3Y10.55%
OM growth 5Y9.95%
PM growth 3Y4.53%
PM growth 5Y2.52%
GM growth 3Y1.31%
GM growth 5Y0.96%
RGLD Yearly Profit, Operating, Gross MarginsRGLD Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 40 60 80

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

5

2. RGLD Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), RGLD is destroying value.
  • RGLD has more shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, RGLD has more shares outstanding
  • The debt/assets ratio for RGLD is higher compared to a year ago.
RGLD Yearly Shares OutstandingRGLD Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M
RGLD Yearly Total Debt VS Total AssetsRGLD Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B

2.2 Solvency

  • An Altman-Z score of 6.43 indicates that RGLD is not in any danger for bankruptcy at the moment.
  • The Altman-Z score of RGLD (6.43) is better than 69.43% of its industry peers.
  • RGLD has a Debt/Equity ratio of 0.13. This is a healthy value indicating a solid balance between debt and equity.
  • RGLD has a Debt to Equity ratio of 0.13. This is comparable to the rest of the industry: RGLD outperforms 56.05% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.13
Debt/FCF N/A
Altman-Z 6.43
ROIC/WACC0.53
WACC10.75%
RGLD Yearly LT Debt VS Equity VS FCFRGLD Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B 4B 6B

2.3 Liquidity

  • RGLD has a Current Ratio of 3.12. This indicates that RGLD is financially healthy and has no problem in meeting its short term obligations.
  • With a decent Current ratio value of 3.12, RGLD is doing good in the industry, outperforming 66.88% of the companies in the same industry.
  • A Quick Ratio of 2.91 indicates that RGLD has no problem at all paying its short term obligations.
  • With a decent Quick ratio value of 2.91, RGLD is doing good in the industry, outperforming 66.88% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 3.12
Quick Ratio 2.91
RGLD Yearly Current Assets VS Current LiabilitesRGLD Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

8

3. RGLD Growth Analysis

3.1 Past

  • RGLD shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 38.78%, which is quite impressive.
  • The Earnings Per Share has been growing by 24.92% on average over the past years. This is a very strong growth
  • Looking at the last year, RGLD shows a very strong growth in Revenue. The Revenue has grown by 43.24%.
  • RGLD shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 15.62% yearly.
EPS 1Y (TTM)38.78%
EPS 3Y28.76%
EPS 5Y24.92%
EPS Q2Q%17.79%
Revenue 1Y (TTM)43.24%
Revenue growth 3Y19.54%
Revenue growth 5Y15.62%
Sales Q2Q%85.29%

3.2 Future

  • Based on estimates for the next years, RGLD will show a quite strong growth in Earnings Per Share. The EPS will grow by 15.51% on average per year.
  • Based on estimates for the next years, RGLD will show a quite strong growth in Revenue. The Revenue will grow by 17.46% on average per year.
EPS Next Y57.46%
EPS Next 2Y28.21%
EPS Next 3Y11.94%
EPS Next 5Y15.51%
Revenue Next Year75.91%
Revenue Next 2Y40.82%
Revenue Next 3Y26.02%
Revenue Next 5Y17.46%

3.3 Evolution

  • Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
RGLD Yearly Revenue VS EstimatesRGLD Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 500M 1B 1.5B 2B
RGLD Yearly EPS VS EstimatesRGLD Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2 4 6 8 10

More info and screens

Find the best growth stocksShow best growing peers

3

4. RGLD Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 38.33, the valuation of RGLD can be described as expensive.
  • Compared to the rest of the industry, the Price/Earnings ratio of RGLD indicates a somewhat cheap valuation: RGLD is cheaper than 64.33% of the companies listed in the same industry.
  • RGLD's Price/Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 26.29.
  • RGLD is valuated rather expensively with a Price/Forward Earnings ratio of 24.35.
  • The rest of the industry has a similar Price/Forward Earnings ratio as RGLD.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 24.57, RGLD is valued at the same level.
Industry RankSector Rank
PE 38.33
Fwd PE 24.35
RGLD Price Earnings VS Forward Price EarningsRGLD Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as RGLD.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 28.51
RGLD Per share dataRGLD EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 40 60 80

4.3 Compensation for Growth

  • RGLD's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • RGLD has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)0.67
PEG (5Y)1.54
EPS Next 2Y28.21%
EPS Next 3Y11.94%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. RGLD Dividend Analysis

5.1 Amount

  • RGLD has a yearly dividend return of 0.69%, which is pretty low.
  • Compared to an average industry Dividend Yield of 1.01, RGLD pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.82, RGLD's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.69%

5.2 History

  • On average, the dividend of RGLD grows each year by 7.64%, which is quite nice.
  • RGLD has been paying a dividend for at least 10 years, so it has a reliable track record.
  • RGLD has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)7.64%
Div Incr Years9
Div Non Decr Years9
RGLD Yearly Dividends per shareRGLD Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5

5.3 Sustainability

  • RGLD pays out 25.42% of its income as dividend. This is a sustainable payout ratio.
  • The dividend of RGLD is growing, but earnings are growing more, so the dividend growth is sustainable.
DP25.42%
EPS Next 2Y28.21%
EPS Next 3Y11.94%
RGLD Yearly Income VS Free CF VS DividendRGLD Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -500M -1B
RGLD Dividend Payout.RGLD Dividend Payout, showing the Payout Ratio.RGLD Dividend Payout.PayoutRetained Earnings

More info and screens

Find the best dividend stocksShow peers with best dividend

RGLD Fundamentals: All Metrics, Ratios and Statistics

ROYAL GOLD INC

NASDAQ:RGLD (3/6/2026, 8:00:02 PM)

After market: 275.5 -4.34 (-1.55%)

279.84

+3.37 (+1.22%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)02-18
Earnings (Next)05-05
Inst Owners86.65%
Inst Owner Change14.79%
Ins Owners0.24%
Ins Owner Change-0.99%
Market Cap23.73B
Revenue(TTM)1.03B
Net Income(TTM)466.28M
Analysts78.95
Price Target327.88 (17.17%)
Short Float %2.73%
Short Ratio2.3
Dividend
Industry RankSector Rank
Dividend Yield 0.69%
Yearly Dividend1.58
Dividend Growth(5Y)7.64%
DP25.42%
Div Incr Years9
Div Non Decr Years9
Ex-Date04-02
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-1.37%
Min EPS beat(2)-24.26%
Max EPS beat(2)21.52%
EPS beat(4)3
Avg EPS beat(4)2.52%
Min EPS beat(4)-24.26%
Max EPS beat(4)21.52%
EPS beat(8)6
Avg EPS beat(8)3.23%
EPS beat(12)7
Avg EPS beat(12)2.77%
EPS beat(16)9
Avg EPS beat(16)2.33%
Revenue beat(2)0
Avg Revenue beat(2)-4.75%
Min Revenue beat(2)-6.16%
Max Revenue beat(2)-3.35%
Revenue beat(4)1
Avg Revenue beat(4)-2.65%
Min Revenue beat(4)-8.75%
Max Revenue beat(4)7.65%
Revenue beat(8)3
Avg Revenue beat(8)-0.79%
Revenue beat(12)5
Avg Revenue beat(12)-0.3%
Revenue beat(16)7
Avg Revenue beat(16)-0.09%
PT rev (1m)26.6%
PT rev (3m)29.52%
EPS NQ rev (1m)30.66%
EPS NQ rev (3m)34.78%
EPS NY rev (1m)2.08%
EPS NY rev (3m)8.31%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)9.76%
Revenue NY rev (3m)29.91%
Valuation
Industry RankSector Rank
PE 38.33
Fwd PE 24.35
P/S 22.92
P/FCF N/A
P/OCF 33.51
P/B 3.3
P/tB 3.3
EV/EBITDA 28.51
EPS(TTM)7.3
EY2.61%
EPS(NY)11.49
Fwd EY4.11%
FCF(TTM)-5.45
FCFYN/A
OCF(TTM)8.35
OCFY2.98%
SpS12.21
BVpS84.8
TBVpS84.8
PEG (NY)0.67
PEG (5Y)1.54
Graham Number118.02
Profitability
Industry RankSector Rank
ROA 4.89%
ROE 6.51%
ROCE 7.06%
ROIC 5.65%
ROICexc 5.8%
ROICexgc 5.8%
OM 64.5%
PM (TTM) 45.25%
GM 86.46%
FCFM N/A
ROA(3y)7.27%
ROA(5y)7.99%
ROE(3y)8.48%
ROE(5y)9.26%
ROIC(3y)7.82%
ROIC(5y)7.89%
ROICexc(3y)8.16%
ROICexc(5y)8.32%
ROICexgc(3y)8.16%
ROICexgc(5y)8.32%
ROCE(3y)9.76%
ROCE(5y)9.85%
ROICexgc growth 3Y-5.55%
ROICexgc growth 5Y-2.77%
ROICexc growth 3Y-5.55%
ROICexc growth 5Y-2.77%
OM growth 3Y10.55%
OM growth 5Y9.95%
PM growth 3Y4.53%
PM growth 5Y2.52%
GM growth 3Y1.31%
GM growth 5Y0.96%
F-Score5
Asset Turnover0.11
Health
Industry RankSector Rank
Debt/Equity 0.13
Debt/FCF N/A
Debt/EBITDA 1.06
Cap/Depr 657.75%
Cap/Sales 113.03%
Interest Coverage 34.11
Cash Conversion 83.74%
Profit Quality N/A
Current Ratio 3.12
Quick Ratio 2.91
Altman-Z 6.43
F-Score5
WACC10.75%
ROIC/WACC0.53
Cap/Depr(3y)243.46%
Cap/Depr(5y)267.49%
Cap/Sales(3y)42.58%
Cap/Sales(5y)61.58%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)38.78%
EPS 3Y28.76%
EPS 5Y24.92%
EPS Q2Q%17.79%
EPS Next Y57.46%
EPS Next 2Y28.21%
EPS Next 3Y11.94%
EPS Next 5Y15.51%
Revenue 1Y (TTM)43.24%
Revenue growth 3Y19.54%
Revenue growth 5Y15.62%
Sales Q2Q%85.29%
Revenue Next Year75.91%
Revenue Next 2Y40.82%
Revenue Next 3Y26.02%
Revenue Next 5Y17.46%
EBIT growth 1Y54.61%
EBIT growth 3Y32.15%
EBIT growth 5Y27.12%
EBIT Next Year144.76%
EBIT Next 3Y33.57%
EBIT Next 5Y20.77%
FCF growth 1Y-207.72%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y33.11%
OCF growth 3Y19.09%
OCF growth 5Y15.64%

ROYAL GOLD INC / RGLD FAQ

What is the ChartMill fundamental rating of ROYAL GOLD INC (RGLD) stock?

ChartMill assigns a fundamental rating of 6 / 10 to RGLD.


What is the valuation status of ROYAL GOLD INC (RGLD) stock?

ChartMill assigns a valuation rating of 3 / 10 to ROYAL GOLD INC (RGLD). This can be considered as Overvalued.


Can you provide the profitability details for ROYAL GOLD INC?

ROYAL GOLD INC (RGLD) has a profitability rating of 7 / 10.


Can you provide the expected EPS growth for RGLD stock?

The Earnings per Share (EPS) of ROYAL GOLD INC (RGLD) is expected to grow by 57.46% in the next year.


How sustainable is the dividend of ROYAL GOLD INC (RGLD) stock?

The dividend rating of ROYAL GOLD INC (RGLD) is 6 / 10 and the dividend payout ratio is 25.42%.