Franco-Nevada (FNV) Stock Analysis

November 11, 2026

This is a peer-relative look at Franco-Nevada (FNV): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Materials peers, so every number reads in context rather than in isolation.

Company Profile

Company profile fields for Franco-Nevada (FNV)
Profile Item	FNV
Name	Franco-Nevada Corporation
Country/Region	Canada
GICS Sector	Materials
GICS Industry Group	Materials
GICS Industry	Metals & Mining
GICS Sub-Industry	Gold
Market Capitalization	49.17 billion USD
Currency	USD
Exchange	NYSE
Listing Date	December 7, 2007
Security Type	Common Stock

Price Performance

Cumulative Growth

FNV

GSPC

Franco-Nevada (FNV) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Franco-Nevada (FNV) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Franco-Nevada (FNV) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Franco-Nevada (FNV) metric values compared with Materials industry-group medians
Metric	Current stock: FNV	Industry group median
Total Return (1Y)	37.48%	19.59%
Total Return (3Y, Annualized)	30.93%	18.91%
Total Return (5Y, Annualized)	13.51%	5.70%

Risk Profile

Drawdown History

FNV

GSPC

Franco-Nevada (FNV) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Franco-Nevada (FNV) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Franco-Nevada (FNV) metric values compared with Materials industry-group medians
Metric	Current stock: FNV	Industry group median
Volatility (1Y, Annualized)	39.71%	52.82%
Beta (5Y)	0.28	0.97
Max Drawdown (5Y)	-37.12%	-58.44%

Risk-Adjusted Performance

Risk-Return Positioning

Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. FNV is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

Franco-Nevada (FNV) metric values compared with Materials industry-group medians
Metric	Current stock: FNV	Industry group median
Sharpe Ratio (1Y)	0.84	0.32
Sortino Ratio (1Y)	1.19	0.47

Profitability

ROE (TTM)

Franco-Nevada (FNV) posts ROE of 19.91%, in the upper peer quartile. That suggests the company earns more from each dollar of shareholders’ equity than most industry peers, a useful capital-efficiency signal.

FNV

Materials industry group

19.91%

Group distribution

Max: 52.88%
FNV: 19.91%
Q3: 19.49%
Median: 8.76%
Q1: -3.41%
Min: -32.81%

Largest peers

SCCO: 52.88%
NEM: 27.26%
BHP: 24.00%
AEM: 23.24%
FNV: 19.91%
RIO: 19.31%
LIN: 17.72%

Where Franco-Nevada (FNV) stands on ROE within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

Franco-Nevada (FNV) keeps 64.23% of revenue as net profit on net margin, above the industry benchmark range. That is unusually strong bottom-line conversion, though tax effects, asset sales, or other one-off gains should be checked before treating it as durable.

FNV

Materials industry group

64.23%

Group distribution

FNV: 64.23%
Max: 38.66%
Q3: 15.98%
Median: 5.28%
Q1: 0.00%
Min: -20.40%

Largest peers

FNV: 64.23%
AEM: 41.01%
SCCO: 37.16%
NEM: 34.73%
RIO: 19.59%
LIN: 19.34%
BHP: 16.73%

Where Franco-Nevada (FNV) stands on net margin within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

Franco-Nevada (FNV) turns 76.98% of revenue into operating profit on operating margin, above the industry benchmark range. Core operations are retaining an unusually large share before interest and taxes, which points to pricing power or tight cost control if the margin is sustainable.

FNV

Materials industry group

76.98%

Group distribution

FNV: 76.98%
Max: 66.70%
Q3: 28.92%
Median: 12.56%
Q1: 3.28%
Min: -14.07%

Largest peers

FNV: 76.98%
SCCO: 59.94%
AEM: 55.49%
NEM: 49.99%
BHP: 43.34%
RIO: 28.05%
LIN: 27.97%

Where Franco-Nevada (FNV) stands on operating margin within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Profitability Metrics

Franco-Nevada (FNV) metric values compared with Materials industry-group medians
Metric	Current stock: FNV	Industry group median
ROE (TTM)	19.91%	8.76%
ROA (TTM)	13.74%	4.42%
Net Margin (TTM)	64.23%	5.28%
Operating Margin (TTM)	76.98%	12.56%
Gross Margin (TTM)	92.09%	27.57%

Growth

Revenue Growth

Franco-Nevada (FNV) grew revenue 63.69%, in the upper peer quartile. The top line is expanding faster than at most industry peers, which points to share gains or stronger pricing.

Franco-Nevada (FNV): Revenue Growth across different time periods, set against Materials industry-group medians.

EPS Growth

Franco-Nevada (FNV) grew earnings per share 100.70%, roughly around the peer group's normal range. Bottom-line momentum looks broadly typical for the industry.

Franco-Nevada (FNV): EPS Growth across different time periods, set against Materials industry-group medians.

Growth Metrics

Franco-Nevada (FNV) metric values compared with Materials industry-group medians
Metric	Current stock: FNV	Industry group median
Revenue Growth (YoY)	63.69%	8.36%
Revenue Growth (3Y CAGR)	11.48%	0.59%
EPS Growth (YoY)	100.70%	-1.73%
EPS Growth (3Y CAGR)	16.42%	2.12%

Financial Strength

Current Ratio (MRQ)

Franco-Nevada (FNV) has current ratio of 9.38, above the industry’s typical middle range. Liquidity looks ample versus peers, though an unusually high cushion can also mean idle current assets or inefficient working capital.

FNV

Materials industry group

9.38

Group distribution

FNV: 9.38
Max: 5.96
Q3: 3.30
Median: 2.24
Q1: 1.45
Min: 0.16

Largest peers

FNV: 9.38
SCCO: 4.31
AEM: 2.75
NEM: 2.45
BHP: 1.89
RIO: 1.42
LIN: 0.86

Where Franco-Nevada (FNV) stands on current ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Debt / Equity (MRQ)

No usable debt-to-equity ratio is available for Franco-Nevada (FNV) this period, so the balance-sheet leverage read is skipped.

FNV

Materials industry group

Group distribution

Max: 1.98
Q3: 0.89
Median: 0.47
Q1: 0.13
Min: 0.00
FNV: --

Largest peers

LIN: 0.65
SCCO: 0.63
BHP: 0.50
RIO: 0.32
NEM: 0.16
AEM: 0.01
FNV: --

Franco-Nevada (FNV) doesn’t report debt-to-equity ratio this period; the box shows the Materials group’s distribution and the dots its largest members.

Financial Strength Metrics

Franco-Nevada (FNV) metric values compared with Materials industry-group medians
Metric	Current stock: FNV	Industry group median
Current Ratio (MRQ)	9.38	2.24
Debt / Equity (MRQ)	--	0.47
Net Debt / EBITDA	-0.49	1.37

Dividends

Dividend Yield (TTM)

Franco-Nevada (FNV) has dividend yield of 0.65%, in the industry’s normal income range. It provides a meaningful dividend without the red flag of an unusually high headline yield.

FNV

Materials industry group

0.65%

Group distribution

Max: 4.52%
Q3: 1.85%
FNV: 0.65%
Median: 0.38%
Q1: 0.00%
Min: 0.00%

Largest peers

RIO: 5.59%
SCCO: 2.30%
BHP: 2.19%
LIN: 1.21%
AEM: 0.93%
NEM: 0.87%
FNV: 0.65%

Where Franco-Nevada (FNV) stands on dividend yield within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

Franco-Nevada (FNV) has payout ratio of 21.44%, within the industry’s typical payout band. The dividend shares profits with investors while leaving earnings coverage that looks normal for the peer group.

FNV

Materials industry group

21.44%

Group distribution

Max: 83.62%
Q3: 41.37%
FNV: 21.44%
Median: 9.54%
Q1: 0.00%
Min: 0.00%

Largest peers

BHP: 68.84%
RIO: 54.46%
SCCO: 52.43%
LIN: 41.83%
FNV: 21.44%
AEM: 14.26%
NEM: 11.95%

Where Franco-Nevada (FNV) stands on payout ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

Franco-Nevada (FNV) metric values compared with Materials industry-group medians
Metric	Current stock: FNV	Industry group median
Dividend Yield (TTM)	0.65%	0.38%
Dividend Payout Ratio (TTM)	21.44%	9.54%

Valuation

P/E Ratio (TTM)

Franco-Nevada (FNV) trades at P/E ratio of 33.33, in the richer earnings-multiple quartile for its industry. That premium needs support from growth, durable earnings, or stronger business quality.

FNV

Materials industry group

33.33

Group distribution

Max: 59.00
FNV: 33.33
Q3: 32.93
Median: 18.82
Q1: 11.96
Min: 3.93

Largest peers

LIN: 34.21
FNV: 33.33
SCCO: 22.27
BHP: 20.70
AEM: 15.61
NEM: 14.03
RIO: 11.35

Where Franco-Nevada (FNV) stands on P/E ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

Franco-Nevada (FNV) trades at 21.37 on P/S ratio, above the industry benchmark range. The stock is being valued at an unusually rich price per dollar of trailing revenue.

FNV

Materials industry group

21.37

Group distribution

FNV: 21.37
Max: 9.62
Q3: 4.34
Median: 1.87
Q1: 0.73
Min: 0.00

Largest peers

FNV: 21.37
SCCO: 8.34
LIN: 6.53
AEM: 6.44
NEM: 4.72
BHP: 3.46
RIO: 2.20

Where Franco-Nevada (FNV) stands on P/S ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

Franco-Nevada (FNV) trades at 5.97 on P/B ratio, in the higher book-value quartile. The market is paying a premium to book, so stronger ROE, cleaner assets, or a better growth profile need to justify it.

FNV

Materials industry group

5.97

Group distribution

Max: 6.59
FNV: 5.97
Q3: 3.55
Median: 2.08
Q1: 1.26
Min: -0.17

Largest peers

SCCO: 10.89
LIN: 6.00
FNV: 5.97
BHP: 3.98
NEM: 3.53
AEM: 3.27
RIO: 2.08

Where Franco-Nevada (FNV) stands on P/B ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

Franco-Nevada (FNV) metric values compared with Materials industry-group medians
Metric	Current stock: FNV	Industry group median
P/E Ratio (TTM)	33.33	18.82
P/S Ratio (TTM)	21.37	1.87
P/B Ratio (MRQ)	5.97	2.08
Free Cash Flow Yield (TTM)	0.96%	3.08%