Franco-Nevada Ratios and Metrics

Market cap in millions CAD. Fiscal year is January - December.

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr '26 Apr 16, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Capitalization	68,185	54,847	32,516	28,197	35,376	33,447
Market Cap Growth	56.93%	68.68%	15.32%	-20.29%	5.76%	9.82%
Enterprise Value	67,265	54,517	30,736	26,443	33,924	33,009
Last Close Price	353.66	284.04	167.18	143.51	178.60	167.72
PE Ratio	44.78	35.97	40.93	-	37.31	36.02
Forward PE	29.51	30.34	31.36	31.99	35.67	37.91
PS Ratio	27.56	22.17	20.50	17.55	19.90	20.37
PB Ratio	6.51	5.24	3.77	3.70	4.07	4.39
P/TBV Ratio	6.51	5.24	3.77	3.70	4.07	4.39
P/FCF Ratio	-	-	53.62	45.47	30.46	135.61
P/OCF Ratio	33.29	26.78	27.24	21.54	26.15	27.66
PEG Ratio	2.46	6.12	6.12	6.12	6.12	6.12
EV/Sales Ratio	27.19	22.04	19.38	16.45	19.08	20.10
EV/EBITDA Ratio	29.77	24.13	22.51	19.71	22.65	23.88
EV/EBIT Ratio	36.45	29.55	29.52	-	30.54	30.31
EV/FCF Ratio	-69.78	-	50.68	42.64	29.21	133.83
Net Debt / Equity Ratio	-0.09	-0.09	-0.24	-0.25	-0.19	-0.09
Net Debt / EBITDA Ratio	-0.41	-0.41	-1.53	-1.40	-1.08	-0.49
Net Debt / FCF Ratio	0.95	0.95	-3.44	-3.03	-1.39	-2.77
Asset Turnover	0.25	0.25	0.18	0.19	0.21	0.22
Inventory Turnover	41.60	41.60	32.44	590.67	582.67	351.80
Quick Ratio	7.55	7.55	23.87	39.10	26.54	15.26
Current Ratio	8.30	8.30	25.43	41.21	27.55	17.39
Return on Equity (ROE)	16.32%	16.32%	9.38%	-7.65%	11.26%	12.79%
Return on Assets (ROA)	11.54%	11.54%	7.34%	-4.27%	7.99%	9.12%
Return on Invested Capital (ROIC)	15.40%	18.37%	11.76%	-9.00%	12.88%	14.16%
Return on Capital Employed (ROCE)	16.60%	16.60%	11.60%	-7.20%	12.50%	14.00%
Earnings Yield	2.24%	2.78%	2.44%	-2.18%	2.68%	2.78%
FCF Yield	-1.41%	-1.76%	1.86%	2.20%	3.28%	0.74%
Dividend Yield	0.68%	0.73%	1.24%	1.25%	0.97%	0.88%
Payout Ratio	24.74%	24.74%	43.91%	-	28.20%	24.48%
Buyback Yield / Dilution	-0.21%	-0.21%	-0.16%	-0.21%	-0.21%	-0.42%
Total Shareholder Return	0.48%	0.53%	1.08%	1.04%	0.76%	0.46%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.