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- Franco-Nevada
Franco-Nevada Valuation Multiples
Discover revenue and EBITDA valuation multiples for Franco-Nevada and similar public comparables like Antofagasta, Anglo American, China Hongqiao Group, Fortescue and more.
Franco-Nevada Overview
About Franco-Nevada
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.
Founded
2007
HQ

Employees
46
Website
Sectors
Financials (LTM)
EV
$50B
Franco-Nevada Financials
Franco-Nevada reported last 12-month revenue of $2B and EBITDA of $2B.
In the same LTM period, Franco-Nevada generated $2B in gross profit, $2B in EBITDA, and $1B in net income.
Revenue (LTM)
Franco-Nevada P&L
In the most recent fiscal year, Franco-Nevada reported revenue of $2B and EBITDA of $2B.
Franco-Nevada expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $2B | XXX | $2B | XXX | XXX | XXX |
| Gross Profit | $2B | XXX | $1B | XXX | XXX | XXX |
| Gross Margin | 91% | XXX | 74% | XXX | XXX | XXX |
| EBITDA | $2B | XXX | $2B | XXX | XXX | XXX |
| EBITDA Margin | 91% | XXX | 95% | XXX | XXX | XXX |
| EBIT Margin | 78% | XXX | 73% | XXX | XXX | XXX |
| Net Profit | $1B | XXX | $1B | XXX | XXX | XXX |
| Net Margin | 61% | XXX | 61% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Franco-Nevada Stock Performance
Franco-Nevada has current market cap of $51B, and enterprise value of $50B.
Market Cap Evolution
Franco-Nevada's stock price is $262.38.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $50B | $51B | 0.2% | XXX | XXX | XXX | $5.77 |
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Start Free TrialFranco-Nevada Valuation Multiples
Franco-Nevada trades at 24.0x EV/Revenue multiple, and 26.3x EV/EBITDA.
EV / Revenue (LTM)
Franco-Nevada Financial Valuation Multiples
As of April 20, 2026, Franco-Nevada has market cap of $51B and EV of $50B.
Equity research analysts estimate Franco-Nevada's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Franco-Nevada has a P/E ratio of 39.6x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $51B | XXX | $51B | XXX | XXX | XXX |
| EV (current) | $50B | XXX | $50B | XXX | XXX | XXX |
| EV/Revenue | 24.0x | XXX | 27.4x | XXX | XXX | XXX |
| EV/EBITDA | 26.3x | XXX | 29.0x | XXX | XXX | XXX |
| EV/EBIT | 30.9x | XXX | 37.3x | XXX | XXX | XXX |
| EV/Gross Profit | 26.3x | XXX | 37.0x | XXX | XXX | XXX |
| P/E | 39.6x | XXX | 45.5x | XXX | XXX | XXX |
| EV/FCF | 99.5x | XXX | (401.2x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Franco-Nevada Valuation Multiples
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Franco-Nevada Margins & Growth Rates
Franco-Nevada's revenue in the last 12 month grew by 36%.
Franco-Nevada's revenue per employee in the last FY averaged $39.6M, while opex per employee averaged $1.0M for the same period.
Franco-Nevada's rule of 40 is 141% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Franco-Nevada's rule of X is 211% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Franco-Nevada Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 36% | XXX | 47% | XXX | XXX | XXX |
| EBITDA Margin | 91% | XXX | 95% | XXX | XXX | XXX |
| EBITDA Growth | 37% | XXX | 46% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 141% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 211% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $39.6M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $1.0M | XXX | XXX | XXX |
| G&A Expenses to Revenue | 2% | XXX | 3% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 3% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Franco-Nevada Public Comps
See public comps and valuation multiples for other Metals & Mining comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Franco-Nevada | XXX | XXX | XXX | XXX | XXX | XXX |
| Antofagasta | XXX | XXX | XXX | XXX | XXX | XXX |
| Anglo American | XXX | XXX | XXX | XXX | XXX | XXX |
| China Hongqiao Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Fortescue | XXX | XXX | XXX | XXX | XXX | XXX |
| AngloGold Ashanti | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Franco-Nevada M&A Activity
Franco-Nevada acquired XXX companies to date.
Last acquisition by Franco-Nevada was on XXXXXXXX, XXXXX. Franco-Nevada acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Franco-Nevada
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialFranco-Nevada Investment Activity
Franco-Nevada invested in XXX companies to date.
Franco-Nevada made its latest investment on XXXXXXXX, XXXXX. Franco-Nevada invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Franco-Nevada
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Franco-Nevada
| When was Franco-Nevada founded? | Franco-Nevada was founded in 2007. |
| Where is Franco-Nevada headquartered? | Franco-Nevada is headquartered in Canada. |
| How many employees does Franco-Nevada have? | As of today, Franco-Nevada has over 46 employees. |
| Who is the CEO of Franco-Nevada? | Franco-Nevada's CEO is Paul Brink. |
| Is Franco-Nevada publicly listed? | Yes, Franco-Nevada is a public company listed on NYSE. |
| What is the stock symbol of Franco-Nevada? | Franco-Nevada trades under FNV ticker. |
| When did Franco-Nevada go public? | Franco-Nevada went public in 2007. |
| Who are competitors of Franco-Nevada? | Franco-Nevada main competitors are Antofagasta, Anglo American, China Hongqiao Group, Fortescue. |
| What is the current market cap of Franco-Nevada? | Franco-Nevada's current market cap is $51B. |
| What is the current revenue of Franco-Nevada? | Franco-Nevada's last 12 months revenue is $2B. |
| What is the current revenue growth of Franco-Nevada? | Franco-Nevada revenue growth (NTM/LTM) is 36%. |
| What is the current EV/Revenue multiple of Franco-Nevada? | Current revenue multiple of Franco-Nevada is 24.0x. |
| Is Franco-Nevada profitable? | Yes, Franco-Nevada is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Franco-Nevada? | Franco-Nevada's last 12 months EBITDA is $2B. |
| What is Franco-Nevada's EBITDA margin? | Franco-Nevada's last 12 months EBITDA margin is 91%. |
| What is the current EV/EBITDA multiple of Franco-Nevada? | Current EBITDA multiple of Franco-Nevada is 26.3x. |
| What is the current FCF of Franco-Nevada? | Franco-Nevada's last 12 months FCF is $502M. |
| What is Franco-Nevada's FCF margin? | Franco-Nevada's last 12 months FCF margin is 24%. |
| What is the current EV/FCF multiple of Franco-Nevada? | Current FCF multiple of Franco-Nevada is 99.5x. |
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