Both stocks run through our valuation models. Here is how Royal Gold (RGLD) and Newmont (NEM) compare, as of Aug 14, 2026.
As of Aug 14, 2026, Fair Value Calculator sees Newmont as the less overvalued of the two: Royal Gold trades at $226 versus a fair value of $93.40 (-59%), while Newmont trades at A$161 versus A$117 (-28%).
Royal Gold
RGLD · USD · Materials
-59%
upside to fair value
overvalued
Price$226
Fair Value$93.40
Quality43/100
Newmont
NEM.AU · AUD · Materials
-28%
upside to fair value
overvalued
PriceA$161
Fair ValueA$117
Quality71/100
Head-to-head numbers
Green value = the better side for that row (for valuation multiples: lower = cheaper).
Royal GoldNewmont
Valuation
22.9×P/E (TTM)11.6×
12.39×P/S (TTM)3.94×
2.24×P/B2.90×
15.6×EV/EBITDA5.9×
1.06×PEG2.63×
1.0%Dividend yield0.8%
$0.03Dividend per shareA$1.02
Profitability
49%Net margin34%
64%Operating margin61%
12%Return on equity26%
8%Return on assets15%
Growth
143%Revenue growth (YoY)46%
20.0%Avg. growth/yr (3Y)25.3%
10.8%Avg. growth/yr (5Y)15.3%
Balance & size
0.13×Debt / equity0.15×
$16BMarket cap$98B
mixedGrowth qualityhealthy
Even match: 7 to 7 metric wins.
Dash = not meaningfully computable, for example with negative equity.
Quality in detail
The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.
Royal Goldof which business quality 47 · market factors 52Newmontof which business quality 70 · market factors 64
ProfitabilityMargins and returns on capital today
38
63
Quality GrowthAre margins and returns improving?
20
98
CashflowEarnings quality: real cash, not paper profit
InvestmentDisciplined investing over empire-building
0
22
Low VolatilityCalm price path (market factor)
72
64
MomentumPrice trend over the last 3–12 months (market factor)
34
53
52W MomentumDistance to the 52-week high (market factor)
59
82
Net IssuanceBuybacks instead of dilution
43
50
What the models say
The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.
Royal Gold
DCF Models$180
Earnings-Based$155
Multiples$92.40
Asset-Based$56.50
Growth DCF$237
Economic Profit$68.06
Growth Earnings$179
20 of 22 models see the stock below the current price.
Newmont
DCF ModelsA$197
Earnings-BasedA$155
MultiplesA$106
Asset-BasedA$21.27
Growth DCFA$150
Economic ProfitA$86.58
Growth EarningsA$189
15 of 24 models see the stock below the current price.
Scenario ranges
From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.
Royal Gold
Bear $70.05Fair Value $93.40Bull $117
$226 = current price (white tick)
Newmont
Bear A$87.57Fair Value A$117Bull A$245
A$161 = current price (white tick)
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Ranked within their sector
Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.
Royal Gold · Materials
Quality score43 · below median
Fair value upside-59% · bottom 25%
Newmont · Materials
Quality score71 · Top 25%
Fair value upside-28% · below median
Bottom line
As of Aug 14, 2026, Fair Value Calculator sees Newmont as the less overvalued of the two: Royal Gold trades at $226 versus a fair value of $93.40 (-59%), while Newmont trades at A$161 versus A$117 (-28%).
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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.
