Start with its own history
At 25.50×, RGLD is 31.5% below its 9-observation annual average. A lower multiple can reflect a lower price, higher earnings, or weaker growth expectations—not necessarily a bargain.
NASDAQ · RGLDGoldUpdated Nov 5, 2026
Royal Gold, Inc. P/E ratio
Current valuation, historical context, and peer comparisons.
Current P/E ratio
25.50×
31.5% belowthe 9-observation annual average
Share price246.08
÷Earnings per share9.65
Price and EPS in quote currency. Calculation details
Investors are paying 25.50 for every 1 of reported earnings per share.
P/E over time
2017 – 2025
Annual P/ESelected-period average 37.25×
3-year average30.79×3 positive annual observations
5-year average29.73×5 positive annual observations
10-year average37.25×9 positive annual observations
Peer median · TTM29.09×5 peers with positive P/E
Historical P/E ratios
Annual period-end data · 25 observations
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2025 | 33.18× | +27.3% |
| Dec 31, 2024 | 26.06× | -21.4% |
| Dec 31, 2023 | 33.14× | +7.0% |
| Dec 31, 2022 | 30.97× | +22.4% |
| Dec 31, 2021 | 25.29× | +2.2% |
| Jun 30, 2021 | 24.75× | -39.5% |
| Jun 30, 2020 | 40.89× | -42.3% |
| Jun 30, 2019 | 70.83× | N/M |
View all 25 annual observations +
| Period end | P/E | Change |
|---|---|---|
| Jun 30, 2018 | N/M | N/M |
| Jun 30, 2017 | 50.11× | N/M |
| Jun 30, 2016 | N/M | N/M |
| Jun 30, 2015 | 76.99× | -1.9% |
| Jun 30, 2014 | 78.48× | +94.6% |
| Jun 30, 2013 | 40.32× | -17.2% |
| Jun 30, 2012 | 48.70× | +7.3% |
| Jun 30, 2011 | 45.40× | -53.7% |
| Jun 30, 2010 | 97.96× | +156.1% |
| Jun 30, 2009 | 38.25× | -15.8% |
| Jun 30, 2008 | 45.45× | +51.1% |
| Jun 30, 2007 | 30.09× | -45.9% |
| Jun 30, 2006 | 55.64× | +52.1% |
| Jun 30, 2005 | 36.58× | +11.0% |
| Jun 30, 2004 | 32.95× | -47.7% |
| Jun 30, 2003 | 63.00× | +193.0% |
| Jun 30, 2002 | 21.50× | N/M |
Change is relative to the preceding observation. N/M values are excluded from averages.
How RGLD compares
Company P/E vs. peer trailing-12-month ratios
| Company | P/E ratio |
|---|---|
 RGLD This stockRoyal Gold, Inc. | 25.50× |
 GROYGold Royalty Corp. | 412.86× |
 TMCRThe Metals Royalty Company Inc. | N/M |
 FNVFranco-Nevada Corporation | 31.61× |
 WPMWheaton Precious Metals Corp. | 29.09× |
 TFPMTriple Flag Precious Metals Corp. | 15.00× |
 OROR Royalties Inc. | 22.74× |
Peers are selected by the data provider. Business models and earnings definitions can differ.
Put the numbers in context
What does RGLD’s P/E tell you?
Compare like with like
The median of the 5 positive peer ratios above is 29.09×. Check growth, margins, debt, and earnings quality before interpreting the gap. A faster-growing business may justify a higher multiple.
Check what drives earnings
One-off gains can temporarily lower P/E; unusual charges can raise it. Reported earnings and forward estimates answer different questions. Pair this view with return on equity and liquidity for a fuller picture.
Keep your research connected
Take RGLD into your spreadsheet
Pull historical P/E into Excel or Google Sheets with Wisesheets. Build your own comparisons alongside the rest of your financial model.
Explore WisesheetsQuarterly P/E · latest quarterLQ selects the latest reported quarter. Requires the Wisesheets add-in. See available data
=WISE("RGLD", "PE Ratio", "LQ")Sources & calculation methodology
Current P/E
Share price 246.08 ÷ EPS 9.65 = 25.50×. Data is supplied by Financial Modeling Prep through Wisesheets. Quote feed updated Nov 5, 2026; this is not a real-time trading quote.
History & averages
Annual and quarterly P/E observations are provided separately from the current quote. Averages use the latest 3, 5, or 10 annual observations, excluding missing and nonpositive ratios. Pre-IPO observations are omitted. These are period-end observations, not daily averages.
Data definitions and limitations
The current quote feed does not specify the exact EPS filing-period end or whether EPS is basic or diluted. We do not label it as forward P/E. Peer ratios are explicitly trailing-12-month (TTM) values. Historical observations do not include independently verified price and EPS inputs. Sources may update on different schedules; rounded inputs can produce small calculation differences. Historical comparisons describe past pricing, not an estimate of fair value.
RGLD P/E ratio: common questions
The essentials behind the numbers.
Royal Gold, Inc.'s current P/E is 25.50× based on the quote data last updated Nov 5, 2026. It represents the share price divided by reported earnings per share. Prices and earnings may refresh on different schedules.
Annual P/E uses earnings for a completed fiscal year. Trailing-12-month (TTM) P/E uses the latest four quarters, while forward P/E uses forecast earnings. These are not interchangeable. This page labels peer ratios as TTM and shows dated annual or quarterly historical observations; it does not show forward estimates.
N/M means not meaningful: the feed has no positive P/E for that observation. Negative or zero earnings should not be ranked as a low positive valuation multiple. N/M observations are excluded from the averages shown above.
Divide the share price by earnings per share (EPS). For example, a share price of 100 and EPS of 5 gives a P/E of 20×. This page uses the price and EPS supplied together in the quote when both are positive.
Price timestamps, EPS definitions, share classes, adjustments, and fiscal periods can differ. A forward P/E also uses forecast earnings rather than reported earnings. Compare the inputs and as-of dates before comparing two displayed ratios.
Not necessarily. The average describes previous market pricing, not fair value. Changes in earnings quality, growth expectations, debt, accounting, and business risk can justify a different multiple today.