OR Royalties 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 13, 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 Cap	10,231	9,099	4,860	3,502	3,004	2,578
Market Cap Growth	84.64%	87.23%	38.77%	16.57%	16.54%	-4.09%
Enterprise Value	10,043	8,909	4,915	3,625	3,068	2,723
Last Close Price	54.70	48.62	26.03	18.89	16.32	15.48
PE Ratio	36.51	32.50	201.56	-71.30	-24.55	-111.36
Forward PE	26.34	31.45	29.59	34.94	36.55	33.10
PEG Ratio	-	1.65	1.65	1.65	1.65	0.97
PS Ratio	26.90	23.90	17.72	14.42	13.79	11.46
PB Ratio	5.21	4.63	2.85	2.12	1.73	1.58
P/TBV Ratio	7.21	6.42	4.11	2.80	2.30	2.01
P/FCF Ratio	-	26.99	21.17	19.09	27.32	24.30
P/OCF Ratio	30.38	26.99	21.17	19.09	27.32	24.30
EV/Sales Ratio	26.41	23.40	17.92	14.93	14.09	12.11
EV/EBITDA Ratio	32.54	27.77	30.61	25.53	17.50	16.85
EV/EBIT Ratio	40.11	32.99	43.73	42.44	24.95	24.28
EV/FCF Ratio	-	26.43	21.42	19.76	27.91	25.67
Debt / Equity Ratio	0.00	0.00	0.08	0.12	0.09	0.06
Debt / EBITDA Ratio	0.02	0.02	0.88	1.41	0.89	2.54
Debt / FCF Ratio	0.02	0.02	0.62	1.09	1.42	3.87
Net Debt / Equity Ratio	-0.10	-0.10	0.03	0.08	0.04	0.18
Net Debt / EBITDA Ratio	-0.59	-0.59	0.35	0.88	0.37	1.82
Net Debt / FCF Ratio	-0.56	-0.56	0.25	0.68	0.59	2.78
Asset Turnover	0.19	0.19	0.13	0.12	0.10	0.09
Inventory Turnover	-	-	-	-	6.75	6.03
Quick Ratio	4.45	4.45	4.26	4.02	5.72	0.38
Current Ratio	4.53	4.53	4.37	4.11	5.87	0.44
Return on Equity (ROE)	15.73%	15.73%	1.34%	-2.96%	4.68%	4.25%
Return on Assets (ROA)	11.41%	11.41%	2.95%	5.90%	4.08%	3.53%
Return on Invested Capital (ROIC)	12.31%	12.31%	3.09%	6.19%	4.32%	3.94%
Return on Capital Employed (ROCE)	13.58%	13.58%	5.53%	4.40%	5.92%	5.22%
Earnings Yield	2.76%	3.08%	0.50%	-1.40%	-4.07%	-0.90%
FCF Yield	-	3.70%	4.72%	5.24%	3.66%	4.12%
Dividend Yield	0.56%	0.52%	0.91%	1.12%	1.29%	1.25%
Payout Ratio	16.92%	16.92%	188.42%	-79.24%	-31.94%	-137.83%
Buyback Yield / Dilution	-0.84%	-0.84%	-1.38%	-2.43%	-7.77%	-3.20%
Total Shareholder Return	-0.28%	-0.31%	-0.47%	-1.30%	-6.48%	-1.95%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.