Franco-Nevada Corporation (FNV) P/E Ratio History
Historical price-to-earnings valuation from 2008 to 2025
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FNV Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 6, 2026, Franco-Nevada Corporation (FNV) trades at a price-to-earnings ratio of 38.4x, with a stock price of $225.07 and trailing twelve-month earnings per share of $5.80.
The current P/E is 25% below its 5-year average of 51.6x. Over the past five years, FNV's P/E has ranged from a low of 30.6x to a high of 124.7x, placing the current valuation at the 35th percentile of its historical range.
Compared to the Basic Materials sector median P/E of 22.3x, FNV trades at a 73% premium to its sector peers. The sector includes 123 companies with P/E ratios ranging from 2.0x to 166.2x.
The PEG ratio of 1.44 (P/E divided by 104% EPS growth) suggests a fair valuation relative to its earnings growth. Peter Lynch popularized the rule that a PEG below 1.0 indicates an attractive entry point.
Relative to the broader market, FNV commands a significant premium over the S&P 500 median P/E of 25.1x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our FNV DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
FNV P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $57B | 38.1 | 1.69 | +181% | |
| $19B | 33.8 | 4.34 | +32% | |
| $7B | 32.3 | 0.45 | +1167%Best | |
| $121B | 17.0 | 1.33 | +124% | |
| $89B | 20.1 | 0.60 | +134% | |
| $35B | 14.5 | 1.17 | +158% | |
| $16B | 18.5 | 0.45 | +204% | |
| $6B | 11.7Lowest | 0.43Best | +78% | |
| $46B | 17.5 | 1.01 | +123% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
FNV Historical P/E Data (2008–2025)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2025 Q4 | Wed Dec 31 2025 00:00:00 GM | $207.28 | $5.80 | 35.7x | -68% |
| FY2025 Q3 | $222.91 | $4.77 | 46.7x | -58% | |
| FY2025 Q2 | Mon Jun 30 2025 00:00:00 GM | $163.92 | $4.07 | 40.3x | -64% |
| FY2025 Q1 | Mon Mar 31 2025 00:00:00 GM | $157.56 | $3.20 | 49.2x | -56% |
| FY2024 Q4 | $117.59 | $2.86 | 41.1x | -63% | |
| FY2023 Q3 | Sat Sep 30 2023 00:00:00 GM | $133.49 | $3.54 | 37.7x | -66% |
| FY2023 Q2 | Fri Jun 30 2023 00:00:00 GM | $142.60 | $3.41 | 41.8x | -63% |
| FY2023 Q1 | Fri Mar 31 2023 00:00:00 GM | $145.80 | $3.47 | 42.0x | -62% |
| FY2022 Q4 | Sat Dec 31 2022 00:00:00 GM | $136.48 | $3.61 | 37.8x | -66% |
| FY2022 Q3 | Fri Sep 30 2022 00:00:00 GM | $119.48 | $3.90 | 30.6x | -73% |
| FY2022 Q2 | $131.58 | $4.00 | 32.9x | -71% | |
| FY2022 Q1 | $159.52 | $3.89 | 41.0x | -63% |
Average P/E for displayed period: 111.9x
Full FNV Stock Analysis
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Start ComparisonFNV — Frequently Asked Questions
Quick answers to the most common questions about buying FNV stock.
Is FNV stock overvalued or undervalued?
FNV trades at 38.4x P/E, below its 5-year average of 51.6x. At the 35th percentile of historical range, the stock is priced at a discount to its own history.
How does FNV's valuation compare to peers?
Franco-Nevada Corporation P/E of 38.4x compares to sector median of 22.3x. The premium reflects expected growth above peers.
What is FNV's PEG ratio?
FNV PEG ratio is 1.44. Between 1-2 suggests valuation aligns with growth. Historical P/E data spans 2008-2025.