Royal Gold Inc
NASDAQ: RGLD · BASIC MATERIALS · GOLD
Updated 2026-06-05
Royal Gold Inc (RGLD) Stock Valuation Analysis
Fair value estimate, historical valuation range, and quality signals for RGLD.
Valued
Fundamentals support the current valuation. Strong combination of growth, quality, and price.
RGLD historical valuation range
Where current P/E sits in RGLD's own 5Y range.
RGLD intrinsic value (DCF)
DCF-based fair value estimate vs current market price.
Intrinsic value calculated using discounted cash flow (DCF) model based on projected free cash flows, discount rate, and terminal growth assumptions. A positive margin of safety indicates the current price is below estimated fair value, providing a cushion against estimation error.
RGLD valuation signals
Quick-read green flags, caution flags, and risks based on current metrics.
P/E Ratio — History
Current: 25.13x
P/S Ratio — History
Current: 13.59x
Is RGLD overvalued in 2026?
Royal Gold Inc (RGLD) currently trades at $245.13 per share with a market capitalization of $17,615,761,000.00. Based on our multi-factor framework, the stock looks attractively valued with a Smart Value Score of 77/100. This score blends growth quality, financial health, and price attractiveness into a single institutional-grade read.
The stock trades at a P/E ratio of 25.1x, below its 5-year median of 32.2x. The PEG ratio of 1.06 points to a price that reasonably reflects expected earnings growth.
Looking at its own history, RGLD is currently trading cheaper than 83% of the last 5Y on P/E. This places it in the 17th percentile of its historical range, a level that has historically coincided with attractive entry points.
Our discounted cash flow model estimates RGLD's intrinsic value at $482.69 per share, against the current market price of $245.13. This implies a margin of safety of +40.91%. A meaningful cushion exists against model error, making this a reasonable risk-adjusted entry.
Financial quality is a concern. The Piotroski F-Score of 1/9 flags weakening fundamentals that deserve closer scrutiny before the valuation case can be fully trusted.
Bottom line: RGLD looks attractively valued on our framework, with a Smart Value Score of 77/100. The combination of reasonable price, healthy growth, and quality fundamentals makes it worth serious consideration.
Frequently asked questions
Is RGLD overvalued?
RGLD scores 77/100 on our Smart Value Score (Grade B+), a strong overall profile. The DCF also shows a positive margin of safety, so price and fundamentals line up reasonably well.
What is RGLD's fair value?
Our DCF model estimates RGLD's intrinsic value at $482.69 per share, versus the current price of $245.13, a margin of safety of +40.91%. Fair value is the present value of the cash flows we project the business to produce, so a price below it means the market is pricing the stock below that conservative estimate.
What P/E ratio does RGLD trade at?
RGLD trades at a P/E of 25.1x on trailing twelve-month earnings, against a 5-year median of 32.2x. P/E is what you pay per dollar of profit, and sitting below its own median means the stock is cheaper than usual relative to its earnings.
Is RGLD a buy based on valuation?
Our Smart Value rating for RGLD is Buy, from a Smart Value Score of 77/100 that blends growth, quality, and valuation. The rating leans on growth and financial strength, and valuation is usually the weakest leg for a name scoring this high. This is research to inform your decision, not personalized financial advice.
How does RGLD's valuation compare to its history?
On P/E, RGLD sits in the 17th percentile of its own 5Y range, historically cheap relative to where it has traded. A low percentile means today's multiple is near the bottom of its historical band.
What is RGLD's Smart Value Score?
RGLD's Smart Value Score is 77/100. It is a proprietary WallStSmart metric blending growth quality, financial health, and valuation into a single 0-100 read, and scores above 75 are rare, signaling strong multi-factor alignment.