FNV vs. VALE: Franco-Nevada vs. Vale Stock Comparison

November 11, 2026

How do Franco-Nevada (FNV) and Vale (VALE) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Franco-Nevada (FNV) and Vale (VALE) both belong to the Metals & Mining industry, though FNV is classified under Gold while VALE falls under Steel.

Franco-Nevada (FNV) trades as ordinary local shares, while Vale (VALE) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for Franco-Nevada (FNV) and Vale (VALE)
Profile Item	FNV	VALE
Name	Franco-Nevada Corporation	Vale S.A. American Depositary Shares
Country/Region	Canada	Brazil
GICS Sector	Materials	Materials
GICS Industry Group	Materials	Materials
GICS Industry	Metals & Mining	Metals & Mining
GICS Sub-Industry	Gold	Steel
Market Capitalization	49.17 billion USD	49.32 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	December 7, 2007	March 21, 2002
Security Type	Common Stock	ADR

Price Performance

Cumulative Growth

FNV

VALE

GSPC

Franco-Nevada (FNV) vs. Vale (VALE), with S&P 500 (GSPC) for reference: 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 Vale (VALE). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Franco-Nevada (FNV) and Vale (VALE). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Franco-Nevada (FNV) and Vale (VALE)
Metric	FNV	VALE
Total Return (1Y)	37.48%	6.20%
Total Return (3Y, Annualized)	30.93%	3.12%
Total Return (5Y, Annualized)	13.51%	8.31%

Risk Profile

Drawdown History

FNV

VALE

GSPC

Franco-Nevada (FNV) vs. Vale (VALE), with S&P 500 (GSPC) for reference: 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 Vale (VALE). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Vale (VALE) is heavily traded at around 32.62M shares per day, whereas Franco-Nevada (FNV) sees a more moderate 716.56K — larger orders in the latter may require more patience and tighter control over order sizing.

Risk profile metrics for Franco-Nevada (FNV) and Vale (VALE)
Metric	FNV	VALE
Volatility (1Y, Annualized)	39.71%	33.88%
Beta (5Y)	0.28	0.48
Max Drawdown (5Y)	-37.12%	-49.81%
Avg. Volume (3M)	716.56K	32.62M

Risk-Adjusted Performance

Risk-Return Positioning

FNV and VALE are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Franco-Nevada (FNV) and Vale (VALE)
Metric	FNV	VALE
Sharpe Ratio (1Y)	0.84	0.06
Sortino Ratio (1Y)	1.19	0.08

Profitability

ROE (TTM)

Franco-Nevada (FNV) at 19.91% sits in the top ROE quartile, while Vale (VALE) at 0.26% is closer to the peer norm — stronger capital efficiency for FNV.

FNV

Materials industry group

19.91%

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

VALE

Materials industry group

0.26%

Max: 52.88%
Q3: 19.49%
Median: 8.76%
VALE: 0.26%
Q1: -3.41%
Min: -32.81%

Franco-Nevada (FNV) vs. Vale (VALE): A comparison of their ROE against the Materials industry group benchmark.

Net Margin (TTM)

Franco-Nevada (FNV) at 64.23% converts revenue to bottom-line profit above its industry’s benchmark range, while Vale (VALE) at 1.01% keeps roughly the typical share for its industry.

FNV

Materials industry group

64.23%

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

VALE

Materials industry group

1.01%

Max: 38.66%
Q3: 15.98%
Median: 5.28%
VALE: 1.01%
Q1: 0.00%
Min: -20.40%

Franco-Nevada (FNV) vs. Vale (VALE): A comparison of their net margin against the Materials industry group benchmark.

Operating Margin (TTM)

Franco-Nevada (FNV) at 76.98% turns sales into operating profit above its industry’s benchmark range, while Vale (VALE) at 19.31% operates around its industry’s norm.

FNV

Materials industry group

76.98%

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

VALE

Materials industry group

19.31%

Max: 66.70%
Q3: 28.92%
VALE: 19.31%
Median: 12.56%
Q1: 3.28%
Min: -14.07%

Franco-Nevada (FNV) vs. Vale (VALE): A comparison of their operating margin against the Materials industry group benchmark.

Profitability Metrics

Profitability metrics for Franco-Nevada (FNV) and Vale (VALE)
Metric	FNV	VALE
ROE (TTM)	19.91%	0.26%
ROA (TTM)	13.74%	6.97%
Net Margin (TTM)	64.23%	1.01%
Operating Margin (TTM)	76.98%	19.31%
Gross Margin (TTM)	92.09%	32.06%

Growth

Revenue Growth

Franco-Nevada (FNV) at 63.69% sits in the top revenue growth quartile, while Vale (VALE) at 0.91% is closer to the peer norm — faster top-line expansion for FNV.

Franco-Nevada (FNV) vs. Vale (VALE): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Franco-Nevada (FNV) at 100.70% and Vale (VALE) at -61.81% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

Franco-Nevada (FNV) vs. Vale (VALE): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Franco-Nevada (FNV) and Vale (VALE)
Metric	FNV	VALE
Revenue Growth (YoY)	63.69%	0.91%
Revenue Growth (3Y CAGR)	11.48%	-4.32%
EPS Growth (YoY)	100.70%	-61.81%
EPS Growth (3Y CAGR)	16.42%	-48.60%

Financial Strength

Current Ratio (MRQ)

Franco-Nevada (FNV) at 9.38 carries current ratio above its industry’s typical mid-range, while Vale (VALE) at 1.10 runs in the tighter-liquidity quartile — different working-capital profiles, both worth examining.

FNV

Materials industry group

9.38

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

VALE

Materials industry group

1.10

Max: 5.96
Q3: 3.30
Median: 2.24
Q1: 1.45
VALE: 1.10
Min: 0.16

Franco-Nevada (FNV) vs. Vale (VALE): A comparison of their current ratio against the Materials industry group benchmark.

Debt / Equity (MRQ)

Only one side’s leverage can be read here: Vale (VALE) carries debt-to-equity ratio of 0.55 against its industry range, while Franco-Nevada (FNV) reports no figure this period.

FNV

Materials industry group

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

VALE

Materials industry group

0.55

Max: 1.98
Q3: 0.89
VALE: 0.55
Median: 0.47
Q1: 0.13
Min: 0.00

Franco-Nevada (FNV) vs. Vale (VALE): FNV does not report debt-to-equity ratio, so it has no value marker; VALE is benchmarked against the Materials industry group.

Financial Strength Metrics

Financial strength metrics for Franco-Nevada (FNV) and Vale (VALE)
Metric	FNV	VALE
Current Ratio (MRQ)	9.38	1.10
Debt / Equity (MRQ)	--	0.55
Net Debt / EBITDA	-0.49	1.20

Dividends

Dividend Yield (TTM)

Franco-Nevada (FNV) at 0.65% pays an industry-typical yield; Vale (VALE) at 49.02% is above its entire peer range — the higher number, but one that calls for a look at payout sustainability before treating it as an advantage.

FNV

Materials industry group

0.65%

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

VALE

Materials industry group

49.02%

VALE: 49.02%
Max: 4.52%
Q3: 1.85%
Median: 0.38%
Q1: 0.00%
Min: 0.00%

Franco-Nevada (FNV) vs. Vale (VALE): A comparison of their dividend yield against the Materials industry group benchmark.

Dividend Payout Ratio (TTM)

Vale (VALE) reports payout ratio above 100% at 526.96%, meaning dividends exceeded current-period earnings and sustainability needs extra context. Meanwhile Franco-Nevada (FNV) reports 21.44%, ranking against industry peers normally.

FNV

Materials industry group

21.44%

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

VALE

Materials industry group

526.96%

VALE: 526.96%
Max: 83.62%
Q3: 41.37%
Median: 9.54%
Q1: 0.00%
Min: 0.00%

Franco-Nevada (FNV) vs. Vale (VALE): A comparison of their payout ratio against the Materials industry group benchmark.

Dividend Metrics

Dividend metrics for Franco-Nevada (FNV) and Vale (VALE)
Metric	FNV	VALE
Dividend Yield (TTM)	0.65%	49.02%
Dividend Payout Ratio (TTM)	21.44%	526.96%

Valuation

P/E Ratio (TTM)

Both look expensive on trailing earnings: Franco-Nevada (FNV) at 33.33 sits in the richer P/E ratio quartile, and Vale (VALE) at 72.44 is richer still, above its industry range.

FNV

Materials industry group

33.33

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

VALE

Materials industry group

72.44

VALE: 72.44
Max: 59.00
Q3: 32.93
Median: 18.82
Q1: 11.96
Min: 3.93

Franco-Nevada (FNV) vs. Vale (VALE): A comparison of their P/E ratio against the Materials industry group benchmark.

P/S Ratio (TTM)

Vale (VALE) at 0.23 sits in the cheaper P/S ratio quartile while Franco-Nevada (FNV) at 21.37 prices above its industry range — a wide gap in sales valuation between them.

FNV

Materials industry group

21.37

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

VALE

Materials industry group

0.23

Max: 9.62
Q3: 4.34
Median: 1.87
Q1: 0.73
VALE: 0.23
Min: 0.00

Franco-Nevada (FNV) vs. Vale (VALE): A comparison of their P/S ratio against the Materials industry group benchmark.

P/B Ratio (MRQ)

Vale (VALE) at 1.27 is valued about in line with its industry on P/B ratio, while Franco-Nevada (FNV) at 5.97 carries an above-peer premium to book — FNV is pricier on assets.

FNV

Materials industry group

5.97

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

VALE

Materials industry group

1.27

Max: 6.59
Q3: 3.55
Median: 2.08
VALE: 1.27
Q1: 1.26
Min: -0.17

Franco-Nevada (FNV) vs. Vale (VALE): A comparison of their P/B ratio against the Materials industry group benchmark.

Valuation Metrics

Valuation metrics for Franco-Nevada (FNV) and Vale (VALE)
Metric	FNV	VALE
P/E Ratio (TTM)	33.33	72.44
P/S Ratio (TTM)	21.37	0.23
P/B Ratio (MRQ)	5.97	1.27
Free Cash Flow Yield (TTM)	0.96%	17.51%