Royal Gold, Inc.

SWX:RGLD Stock Report

Market Cap: CHF 13.6b

Royal Gold Valuation

Is RGLD undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of RGLD when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: RGLD (CHF203.5) is trading below our estimate of future cash flow value (CHF237.02)

Significantly Below Future Cash Flow Value: RGLD is trading below future cash flow value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for RGLD?

Key metric: As RGLD is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for RGLD. This is calculated by dividing RGLD's market cap by their current earnings.
What is RGLD's PE Ratio?
PE Ratio27.3x
EarningsUS$633.91m
Market CapUS$16.87b

Price to Earnings Ratio vs Peers

How does RGLD's PE Ratio compare to its peers?

The above table shows the PE ratio for RGLD vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average29.3x
EMSN EMS-CHEMIE HOLDING
34.8x5.04%CHF 16.3b
AMRZ Amrize
25.7x15.17%CHF 23.9b
SIKA Sika
26.5x9.44%CHF 27.7b
GIVN Givaudan
30.2x5.71%CHF 32.3b
RGLD Royal Gold
27.3x16.36%CHF 16.9b

Price-To-Earnings vs Peers: RGLD is good value based on its Price-To-Earnings Ratio (27.3x) compared to the peer average (29.3x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does RGLD's PE Ratio compare vs other companies in the European Metals and Mining Industry?

17 CompaniesPrice / EarningsEstimated GrowthMarket Cap
RGLD 27.3xIndustry Avg. 16.8xNo. of Companies17PE01020304050+
17 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: RGLD is expensive based on its Price-To-Earnings Ratio (27.3x) compared to the European Metals and Mining industry average (16.6x).

Price to Earnings Ratio vs Fair Ratio

What is RGLD's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

RGLD PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio27.3x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate RGLD's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst RGLD forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 203.50
CHF 261.58
+28.54%
10.41%CHF 302.99CHF 198.76n/a12
Jun ’27n/a
CHF 261.02
0%
9.95%CHF 295.12CHF 193.60n/a12
May ’27n/a
CHF 262.03
0%
10.13%CHF 293.03CHF 192.23n/a12
Apr ’27n/a
CHF 262.33
0%
10.63%CHF 298.02CHF 206.63n/a11
Mar ’27n/a
CHF 252.79
0%
8.43%CHF 285.99CHF 213.72n/a11
Feb ’27n/a
CHF 235.84
0%
11.48%CHF 275.19CHF 193.25n/a11
Jan ’27n/a
CHF 201.12
0%
8.53%CHF 221.78CHF 162.38n/a11
Dec ’26n/a
CHF 200.04
0%
7.98%CHF 225.36CHF 164.99n/a11
Nov ’26n/a
CHF 198.87
0%
8.06%CHF 224.61CHF 162.84n/a11
Oct ’26n/a
CHF 178.23
0%
8.58%CHF 207.22CHF 153.82n/a8
Sep ’26n/a
CHF 169.18
0%
7.86%CHF 189.64CHF 145.63n/a7
Aug ’26n/a
CHF 163.75
0%
9.08%CHF 181.41CHF 131.50n/a7
Jul ’26n/a
CHF 165.27
0%
5.88%CHF 181.55CHF 147.96CHF 160.7911
Jun ’26n/a
CHF 167.46
0%
7.62%CHF 187.84CHF 140.68n/a11
May ’26n/a
CHF 163.23
0%
6.81%CHF 182.18CHF 139.51n/a11
Apr ’26n/a
CHF 153.00
0%
7.97%CHF 167.94CHF 122.86n/a10
Mar ’26n/a
CHF 153.79
0%
7.94%CHF 168.10CHF 123.39n/a10
Feb ’26n/a
CHF 156.08
0%
7.74%CHF 168.79CHF 127.05n/a10
Jan ’26n/a
CHF 152.05
0%
8.05%CHF 166.10CHF 125.02n/a11
Dec ’25n/a
CHF 149.12
0%
8.47%CHF 163.77CHF 123.26n/a11
Nov ’25n/a
CHF 142.84
0%
10.34%CHF 159.38CHF 115.20n/a11
Oct ’25n/a
CHF 135.55
0%
9.73%CHF 155.70CHF 112.55n/a11
Sep ’25n/a
CHF 134.89
0%
9.02%CHF 148.33CHF 111.03n/a11
Aug ’25n/a
CHF 140.46
0%
9.34%CHF 155.08CHF 116.09n/a12
Jul ’25n/a
CHF 137.82
0%
8.92%CHF 150.92CHF 116.78n/a12
CHF 322.75
Fair Value
36.9% undervalued intrinsic discount
12
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/02 07:16
End of Day Share Price 2026/07/02 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Royal Gold, Inc. is covered by 26 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Farooq HamedBarclays
Matthew MurphyBMO Capital Markets Equity Research
Lawson WinderBofA Global Research