# Royal Gold Inc. (RGLD) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Basic Materials / Metals & Mining. Price $262.11, market value $22.2 billion.

## Valuation
- **P/E (trailing): 29.0×** (5-yr avg 28.9×, 3-yr avg 30.4×). Royal Gold Inc. trades at 29.0× trailing earnings, close to its own five-year average of 28.9×. The Basic Materials median in the September 2026 study was 19.0×. Forward P/E is 20.3×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.62**. A PEG of 0.62 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 14.4×**. Each dollar of revenue is priced at 14.4×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 2.9×**. The shares trade at 2.9× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 18.3×**. Enterprise value is 18.3× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Earnings yield: 3.4%**. The inverse of the P/E: 3.4% of the price is earned each year.

## Profitability
- **Gross margin: 66.8%**. Royal Gold Inc. keeps 66.8% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 61.4%**. 61.4% of revenue is left after running the business, an exceptional level.
- **Net margin: 45.2%**. 45.2% of each dollar of sales reaches the bottom line.
- **Return on equity: 6.5%**. 6.5% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 9.9%**. Return on all capital, debt included, is 9.9%.
- **Return on assets: 7.7%**. Each dollar of assets produces 7.7% of profit.

## Growth
- **Revenue growth (1 yr): 43.2%** (3-yr 19.5%/yr, 5-yr 10.8%/yr). Revenue grew 43.2% over the last year, against 10.8% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 32.7%** (3-yr 22.6%/yr, 5-yr 7.8%/yr). Earnings per share rose 32.7%, slower than revenue, so margins compressed.

## Financial health
- **Debt to equity: 0.13**. Debt is 0.13 times equity: a conservative balance sheet.
- **Net debt / EBITDA: 0.5×**. It would take 0.5 years of operating earnings to repay net borrowings, within the comfortable range.
- **Current ratio: 3.12** (quick 3.12). Current assets cover the next year's liabilities 3.12 times.
- **Altman Z-score: 7.13**. A Z-score of 7.13 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 0.72%** ($0.95 per share, trailing). Royal Gold Inc. yields 0.72%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 25%**. 25% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 10**. 10 straight years of increases, a record that survived at least one recession.
- **Dividend growth (5 yr): 10.0%/yr** (1-yr 12.5%). The dividend has grown 10.0% a year over five years.

## Analyst view
- **Analyst consensus: buy** (12 analysts). 12 analysts cover Royal Gold Inc.; the consensus is buy, with an average price target of $302.67 (+15% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 46.5%** (YTD 18.7%, 3-mo 27.5%). The shares are up 46.5% over twelve months including dividends.
- **From 52-week high: -14.4%** (55.2% above the low). Trading 14% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 65**. An RSI of 65 is neutral.
- **Beta (1 yr): 1.31** (volatility 41%). Beta of 1.31 against the S&P 500: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=RGLD · Page: https://foliofundamentals.com/stocks/rgld

Not investment advice.