Franco-Nevada CorporationFNV

Where FNV's P/E ratio sits inside its own 10-year distribution, with the yearly high, low and average.

$266.00+5.34 (+2.05%)Previous close
NYSEBasic Materials

FNV P/E ratio: current value, 10-year range and year-by-year history

34.8Historically cheap

FNV's p/e ratio is lower than 83% of the last 10 years.

P/E ratio History

Historically priceyAbove avgAround avgBelow avgHistorically cheap
FNV P/E ratio historyFNV P/E ratio from Sep 2023 to Sep 2026: low -49.08, high 55.68, latest 34.77.-57.46-27.083.333.6864.06Sep 23Apr 24Nov 24Jun 25Feb 26Sep 26med 34.48

FNV P/E ratio by year

Yearly range of FNV’s p/e ratio from 2016 to 2026. Over the full period it ranged from -49.1 to 233.3, averaging 56.2.

FNV P/E ratio — yearly low, average, high and year-end values
YearLowAverageHighYear-end
202625.935.548.434.8
202535.746.755.735.7
2024-49.1-41.041.141.1
202329.339.446.231.3
202227.935.243.235.0
202135.248.477.036.0
202048.1107.1156.972.9
201956.4101.1126.256.4
201849.561.893.693.6
201785.696.4109.3100.7
2016105.3136.7233.3114.9

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How much the market pays for each dollar of annual profit. P/E = Stock Price / EPS. The raw number means little — what matters is whether it's high or low relative to the company's own history.

FormulaPrice / Earnings Per Share
Full guide
How to read this chart

The chart shows five color-coded historical zones: green (below 10th percentile) means historically very cheap, fading through lime and gray (the normal 25th–75th range) to orange and red (historically expensive). When the line sits in a green or lime zone, the stock is trading at an unusually low P/E relative to its own history.

Key caveats
  • Cyclical businesses look cheapest on P/E at peak earnings — the "earnings trap." Use EV/EBITDA or normalised earnings for energy, materials, and financials.
  • A falling P/E trend may signal a business in structural decline, not a buying opportunity.

Is FNV P/E ratio High or Low Right Now?

Franco-Nevada Corporation's P/E ratio is currently 34.8, which is historically cheap relative to its 10-year historical range. The 10-year median P/E ratio for FNV is approximately 49.3. See all FNV valuation metrics →

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