Franco-Nevada Corporation

FNV Basic Materials Gold

Franco-Nevada Corporation’s revenue for fiscal 2025 (year ended December 2025) was $1.8 billion, up 63.7% from fiscal 2024.

Revenue
+57.3%
EPS
+43.8%
Free cash flow
+143.2%

Quarter to June 2026, against a year earlier

252.44 10.30 +4.25%
Market cap
$48.4B
P/E
32.9×
Fwd P/E
29.0×
Dividend yield
0.67%
F-score
7/9
Altman Z
40.67
Beneish M
−1.97
Dividend safety
65/100

Franco-Nevada Corporation (FNV) EV/EBITDA

Alert me on EV/EBITDA

As of 5 November 2026, Franco-Nevada Corporation (FNV) trades at a EV/EBITDA of 22.2×. Over the past ten years it has ranged from 16.3× (July 2015) to 41.5× (July 2020); the current reading is higher than 19% of that period. That is above the Gold industry median of 6.7× and above the Basic Materials sector median of 9.2×.

EV/EBITDA, daily

Embed this chart

Annual newest first

Period EV/EBITDA Change
FY2025 23.9× 6.06%
FY2024 22.5× 13.32%
FY2023 19.9× (13.83%)
FY2022 23.0× (3.69%)
FY2021 23.9× (14.74%)
FY2020 28.1× (3.10%)
FY2019 29.0× 12.44%
FY2018 25.7× (9.65%)
FY2017 28.5× 30.24%
FY2016 21.9× (3.15%)

Quarterly newest first

Period EV/EBITDA Change
Jun 2026 18.3× (22.74%)
Mar 2026 23.7× (0.67%)
Dec 2025 23.9× (22.67%)
Sep 2025 30.9× 17.04%
42 more quarters

Against its own ten years

Low 16.3× High 41.5×
Ten-year median 25.6×
Current reading's percentile 19

EV/EBITDA against peers

Company EV/EBITDA
EQX Equinox Gold Corp. compare 6.4×
GFI Gold Fields Limited compare 6.7×
HMY Harmony Gold Mining Company Limited compare 6.8×
NEM Newmont Corporation compare 7.6×
AU AngloGold Ashanti PLC compare 7.7×
CDE Coeur Mining, Inc. compare 8.1×
RGLD Royal Gold, Inc. compare 15.4×
FNV Franco-Nevada Corporation 22.2×
WPM Wheaton Precious Metals Corp. compare 23.4×
Gold industry median 6.7×
Basic Materials sector median 9.2×
Market median 10.9×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

More on FNV