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Royal Gold Valuation Multiples
Discover revenue and EBITDA valuation multiples for Royal Gold and similar public comparables like Lundin Mining, Tata Steel, Jiangxi Copper, China National Nuclear Corporation and more.
Royal Gold Overview
About Royal Gold
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.
Founded
1981
HQ
Employees
39
Website
Sectors
Financials (LTM)
EV
$26B
Royal Gold Financials
Royal Gold reported last 12-month revenue of $1B and EBITDA of $1B.
In the same LTM period, Royal Gold generated $1B in gross profit, $1B in EBITDA, and $606M in net income.
Revenue (LTM)
Royal Gold P&L
In the most recent fiscal year, Royal Gold reported revenue of $1B and EBITDA of $847M.
Royal Gold expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $1B | XXX | $1B | XXX | XXX | XXX |
| Gross Profit | $1B | XXX | $714M | XXX | XXX | XXX |
| Gross Margin | 87% | XXX | 69% | XXX | XXX | XXX |
| EBITDA | $1B | XXX | $847M | XXX | XXX | XXX |
| EBITDA Margin | 83% | XXX | 82% | XXX | XXX | XXX |
| EBIT Margin | 67% | XXX | 65% | XXX | XXX | XXX |
| Net Profit | $606M | XXX | $466M | XXX | XXX | XXX |
| Net Margin | 47% | XXX | 45% | XXX | XXX | XXX |
| Net Debt | — | — | $662M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Royal Gold Stock Performance
Royal Gold has current market cap of $26B, and enterprise value of $26B.
Market Cap Evolution
Royal Gold's stock price is $304.29.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $26B | $26B | 0.0% | XXX | XXX | XXX | $5.50 |
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Start Free TrialRoyal Gold Valuation Multiples
Royal Gold trades at 20.5x EV/Revenue multiple, and 24.6x EV/EBITDA.
EV / Revenue (LTM)
Royal Gold Financial Valuation Multiples
As of April 2, 2026, Royal Gold has market cap of $26B and EV of $26B.
Equity research analysts estimate Royal Gold's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Royal Gold has a P/E ratio of 42.6x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $26B | XXX | $26B | XXX | XXX | XXX |
| EV (current) | $26B | XXX | $26B | XXX | XXX | XXX |
| EV/Revenue | 20.5x | XXX | 25.7x | XXX | XXX | XXX |
| EV/EBITDA | 24.6x | XXX | 31.3x | XXX | XXX | XXX |
| EV/EBIT | 30.8x | XXX | 39.8x | XXX | XXX | XXX |
| EV/Gross Profit | 23.7x | XXX | 37.1x | XXX | XXX | XXX |
| P/E | 42.6x | XXX | 55.3x | XXX | XXX | XXX |
| EV/FCF | 408.1x | XXX | (61.7x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Royal Gold Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Royal Gold Margins & Growth Rates
Royal Gold's revenue in the last 12 month grew by 62%.
Royal Gold's revenue per employee in the last FY averaged $26.4M, while opex per employee averaged $1.3M for the same period.
Royal Gold's rule of 40 is 185% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Royal Gold's rule of X is 334% (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).
Royal Gold Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 62% | XXX | 100% | XXX | XXX | XXX |
| EBITDA Margin | 83% | XXX | 82% | XXX | XXX | XXX |
| EBITDA Growth | 67% | XXX | 106% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 185% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 334% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $26.4M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $1.3M | XXX | XXX | XXX |
| G&A Expenses to Revenue | 3% | XXX | 5% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 5% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Royal Gold Public Comps
See public comps and valuation multiples for other Metals & Mining comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Lundin Mining | XXX | XXX | XXX | XXX | XXX | XXX |
| Tata Steel | XXX | XXX | XXX | XXX | XXX | XXX |
| Jiangxi Copper | XXX | XXX | XXX | XXX | XXX | XXX |
| China National Nuclear Corporation | XXX | XXX | XXX | XXX | XXX | XXX |
| Evolution Mining | 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.
Royal Gold M&A Activity
Royal Gold acquired XXX companies to date.
Last acquisition by Royal Gold was on XXXXXXXX, XXXXX. Royal Gold acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Royal Gold
| 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 TrialRoyal Gold Investment Activity
Royal Gold invested in XXX companies to date.
Royal Gold made its latest investment on XXXXXXXX, XXXXX. Royal Gold invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Royal Gold
| 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 Royal Gold
| When was Royal Gold founded? | Royal Gold was founded in 1981. |
| Where is Royal Gold headquartered? | Royal Gold is headquartered in United States. |
| How many employees does Royal Gold have? | As of today, Royal Gold has over 39 employees. |
| Who is the CEO of Royal Gold? | Royal Gold's CEO is William H. Heissenbuttel. |
| Is Royal Gold publicly listed? | Yes, Royal Gold is a public company listed on Nasdaq. |
| What is the stock symbol of Royal Gold? | Royal Gold trades under RGLD ticker. |
| When did Royal Gold go public? | Royal Gold went public in 1981. |
| Who are competitors of Royal Gold? | Royal Gold main competitors are Lundin Mining, Tata Steel, Jiangxi Copper, China National Nuclear Corporation. |
| What is the current market cap of Royal Gold? | Royal Gold's current market cap is $26B. |
| What is the current revenue of Royal Gold? | Royal Gold's last 12 months revenue is $1B. |
| What is the current revenue growth of Royal Gold? | Royal Gold revenue growth (NTM/LTM) is 62%. |
| What is the current EV/Revenue multiple of Royal Gold? | Current revenue multiple of Royal Gold is 20.5x. |
| Is Royal Gold profitable? | Yes, Royal Gold is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Royal Gold? | Royal Gold's last 12 months EBITDA is $1B. |
| What is Royal Gold's EBITDA margin? | Royal Gold's last 12 months EBITDA margin is 83%. |
| What is the current EV/EBITDA multiple of Royal Gold? | Current EBITDA multiple of Royal Gold is 24.6x. |
| What is the current FCF of Royal Gold? | Royal Gold's last 12 months FCF is $65M. |
| What is Royal Gold's FCF margin? | Royal Gold's last 12 months FCF margin is 5%. |
| What is the current EV/FCF multiple of Royal Gold? | Current FCF multiple of Royal Gold is 408.1x. |
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