Stock fact sheet · data as of
Royal Gold, Inc. (RGLD): fair value, margin of safety and Wheel Score
Ticker symbol RGLD · Basic Materials · Gold · United States · Growth
Is RGLD undervalued?
Royal Gold, Inc. (RGLD) closed at 246.08 on 5 Nov 2026, close to the GLS average fair value of 246.80 (exactly at fair value). 3 of the 9 models that produced a number sit above the price, 6 below - the market and our models roughly agree. With little margin of safety either way, the case for or against the stock rests on the quality numbers and the option premium rather than on price.
There is a wide gap between DDM (27.96) and GLS Growth (606.65). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
Ranked against every other company we cover, RGLD is clearly faster-growing than it is cheap, so the nightly engine files it under Growth (value score 32, growth score 88, out of 100).
Nine valuation models for RGLD
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 168.50 | -32% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 142.70 | -42% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 243.09 | -1% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 82.19 | -67% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 606.65 | +147% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 295.09 | +20% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 544.92 | +121% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 27.96 | -89% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 110.10 | -55% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -23.03 | -109% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 307.83 | +25% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Royal Gold, Inc. scores 5 of 9 on the Piotroski F-score: a middling result that falls one point short of the "Piotroski 6 or more" Wheel Trade Filter. Some of the nine tests on profitability, leverage and efficiency are failed, so the accounts are worth a look before selling a put on the name. On durability RGLD scores 5.7/10 on the GLS Moat - a middle reading; the Moat Score tab on the Quote page's Financials view shows which of the four parts hold it back.
Returns on capital are moderate - ROIC 5.7%, ROE 6.5%, ROA 4.9% - with debt at 0.13 times equity and a free-cash-flow yield of 5.6%.
The dividend yield is 0.77% with a payout ratio of 18% - a small yield that leaves most of the earnings in the business. Revenue comes mainly from Stream Interests 69%, Royalty Interests 31% (quarter Q2 FY2026).
Institutional ownership scores 10/10, insider activity 1/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 5 / 9 | ROIC | 5.7% |
|---|---|---|---|
| GLS Moat | 5.7 / 10 | ROE | 6.5% |
| Debt / equity | 0.13 | ROA | 4.9% |
| Free-cash-flow yield | 5.6% | Payout ratio | 18% |
| Institutions | 10 / 10 | Insiders · Congress | 1 · 5 / 10 |
Wheel Score 37: Weak
With a Wheel Score of 37 Royal Gold, Inc. sits in the Weak band. It fails filter 4, financially healthy - Piotroski 5/9 (under 6); Value (weak) is its weakest part.
Implied volatility is 39% on the near-the-money contracts 20-60 days out - inside the 35-60% sweet spot the Wheel Score rewards most: enough premium to be worth selling, not so much that the risk is unpaid. Chain open interest is 15,152 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 750k shares a day on a market cap of $20.9B, with a beta of 0.46 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score rates that good.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Passes | Listed options with 1,000+ contracts of open interest and 100+ traded a day |
| 2 | A real business, not a gamble | Passes | Profitable over the last twelve months - not a speculative stock, fund or note |
| 3 | Below fair value | Passes | Trading below the nine-model average fair value (margin of safety above 0) |
| 4 | Financially healthy | Fails | Piotroski 5/9 (under 6) |
| 5 | Can repay its debt | Passes | Long-term debt repaid from 3 years of operating cash flow or less (6 for real estate and utilities; banks and insurers are not judged on it) |
| 6 | No serious red flags | Passes | Red Flags score 60 or more out of 100 (earnings, margins, debt, analysts, filings and price checked the same way for every stock) |
| 7 | A premium worth selling | Passes | Implied volatility 25-80% (enough premium, not a lottery ticket) |
| 8 | Big enough | Passes | Market cap $1 billion or more |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Weak | 0% below fair value | |
| Premium | Strong | implied volatility 39% | |
| Moat | Fair | moat 5.7/10 | |
| Health | Fair | Piotroski 5/9 | |
| Red Flags | Fair | Red Flags score 70/100 | |
| Option trading | Fair | 1,812 contracts a day, 15,152 open interest | |
| Stability | Good | beta 0.46, $20.9B company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
No upcoming earnings date is recorded for RGLD in the nightly calendar.
No analyst upgrades or downgrades were recorded in the last 30 days.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Gold
The 12 companies below are the closest to Royal Gold, Inc. by market cap within the Gold industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| PAAS Pan American Silver Corp. | 41.49 | 64.66 | +36% | 82Good | $17.2B |
| KGC Kinross Gold Corporation | 21.42 | 50.99 | +58% | 87Prime | $25.4B |
| CDE Coeur Mining, Inc. | 14.58 | 29.40 | +50% | 48Weak | $15.1B |
| GFI Gold Fields Limited | 36.75 | 95.99 | +62% | 55Fair | $33.0B |
| EQX Equinox Gold Corp. | 11.28 | 19.95 | +43% | 80Good | $13.2B |
| AGI Alamos Gold Inc. | 30.00 | 55.98 | +46% | 83Good | $12.6B |
| HMY Harmony Gold Mining Company Limited | 16.41 | 46.62 | +65% | 85Prime | $10.3B |
| IAG Iamgold Corporation | 17.47 | 54.47 | +68% | 82Good | $10.0B |
| AU AngloGold Ashanti Plc | 87.95 | 173.18 | +49% | 86Prime | $44.5B |
| FNV Franco-Nevada Corporation | 242.14 | 99.72 | -143% | 44Weak | $46.7B |
| EGO Eldorado Gold Corporation | 33.54 | 66.63 | +50% | 52Fair | $8.8B |
| WPM Wheaton Precious Metals Corp. | 131.50 | 81.20 | -62% | 41Weak | $59.7B |
Scan the whole market the same way
A free GLS Equity account gets you nightly fair value and the Wheel Score on ~7,400 US stocks, a watchlist, the scanner preview and the Sunday Scan - the top 10 stocks that pass all 9 Wheel Trade Filters, emailed every week. Pro adds the full put and call scanners, unlimited watchlists with alerts and the trade journal.
Start free See the Sunday ScanQuestions about RGLD
Is RGLD undervalued right now?
Not meaningfully: at 246.08 the stock trades within a few percent of the GLS average fair value of 246.80 (exactly at fair value, data as of 5 Nov 2026).
What is the Wheel Score of RGLD and what does it mean?
RGLD scores 37 out of 100 (Weak) - it fails Wheel Trade Filter 4. The Wheel Score ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned - in two parts: the 9 pass/fail Wheel Trade Filters (busy options, a real business, below fair value, Piotroski 6 or more, debt it can repay, a Red Flags score of 60 or more, implied volatility of 25-80%, a $1 billion company, $5 a share) and a ranking of how strongly a stock passes on value, premium, moat, health, red flags, option trading and stability. A stock that fails any filter stays under 70; 70-84 is Good, 85 and above is Prime. The Sunday Scan is the top 10 that pass, sorted by Wheel Score.
What is the GLS fair value for RGLD?
246.80 per share as of 5 Nov 2026 - the simple average of the 9 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Royal Gold, Inc. report earnings next?
No upcoming earnings date is recorded for RGLD in our calendar as of 5 Nov 2026; the Calendars page is refreshed every morning.
Does RGLD have listed options, and how liquid are they?
Yes. The nightly snapshot found 144 listed contracts with 15,152 open interest across all expiries and implied volatility of 39% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.