Gold Royalty Corp. (GROY) Key Metrics
GROY valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $690.4M
- Enterprise value
- $722.7M
- P/E (TTM)
- —
- Forward P/E
- 31.8
- PEG ratio
- —
- Price / sales
- 30.6 10-yr median 57.5
- Price / book
- 1.0 10-yr median 0.5
- EV / EBITDA
- 55.8
- Dividend yield
- —
- Beta
- 1.11
GROY key metrics, 2020–2025
Fiscal year ended December 31, 2025 · U.S. dollarsGROY valuation Price multiples at each fiscal year-end price.
GROY returns How much profit the business earns on the capital it uses.
GROY per-share figures Results divided by the shares outstanding at year-end.
GROY financial health Debt, liquidity and how easily interest is covered.
GROY efficiency & capital use Working capital cycle and where the cash goes.
GROY valuation history
GROY returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
GROY debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
GROY cash returned to shareholders
GROY price vs earnings per share
GROY key metrics
2020–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Valuation | ||||||
| Market capitalization | $706.9M | $193.0M | $212.8M | $298.8M | — | — |
| Enterprise value | $693.2M | $240.5M | $244.0M | $294.5M | — | — |
| Price / sales | 45.3 | 19.1 | 69.8 | 75.8 | — | — |
| Price / book | 1.0 | 0.3 | 0.4 | 0.6 | — | — |
| Price / operating cash flow | 114.6 | 75.9 | — | — | — | — |
| EV / sales | 44.4 | 23.8 | 80.1 | 74.7 | — | — |
| EV / EBITDA | 104.0 | 123.9 | — | — | — | — |
| Earnings yield | −0.6% | −1.8% | −12.6% | −5.8% | — | — |
| Free cash flow yield | −9.4% | −22.6% | −16.7% | −13.0% | — | — |
| Dividend yield | 0.0% | 0.0% | 1.2% | 1.3% | — | — |
| Shareholder yield (dividends + buybacks) | 0.0% | 0.0% | 1.2% | 1.3% | — | — |
| Share price at fiscal year-end | $4.04 | $1.21 | $1.47 | $2.33 | $4.92 | — |
| Per share | ||||||
| Revenue per share | $0.09 | $0.06 | $0.02 | $0.03 | — | — |
| Earnings per share | −$0.02 | −$0.02 | −$0.18 | −$0.14 | — | — |
| Operating cash flow per share | $0.04 | $0.02 | −$0.05 | −$0.15 | — | — |
| Free cash flow per share | −$0.38 | −$0.27 | −$0.25 | −$0.30 | — | — |
| Cash per share | $0.08 | $0.02 | $0.01 | $0.11 | — | — |
| Book value per share | $4.00 | $3.50 | $3.60 | $4.18 | — | — |
| Tangible book value per share | $4.00 | $3.50 | $3.60 | $4.18 | — | — |
| Dividends per share | $0.00 | $0.00 | $0.02 | $0.03 | — | — |
| Capex per share | $0.42 | $0.29 | $0.20 | $0.15 | — | — |
| Debt per share | $0.00 | $0.31 | $0.23 | $0.08 | — | — |
| Shares outstanding | 175.0M | 159.5M | 144.7M | 128.2M | — | — |
| Change in shares outstanding | +9.7% | +10.2% | +12.9% | — | — | — |
| Returns & profitability | ||||||
| Return on equity (ROE) | −0.7% | −0.6% | −5.1% | −4.6% | −15.5% | — |
| Return on invested capital (ROIC) | 0.2% | −0.6% | −1.3% | −3.7% | −9.3% | — |
| Return on assets (ROA) | −0.5% | −0.5% | −3.9% | −3.6% | −12.5% | −253.6% |
| Return on tangible assets | −0.5% | −0.5% | −3.9% | −2.5% | −6.2% | −253.6% |
| Free cash flow margin | −427.9% | −431.1% | — | −988.1% | — | — |
| Financial health | ||||||
| Total debt | $197,000 | $50.0M | $33.1M | $9.9M | $11,000 | $120,930 |
| Cash & short-term investments | $14.0M | $2.5M | $1.8M | $14.2M | $11.0M | $37,539 |
| Net debt | −$13.8M | $47.5M | $31.3M | −$4.3M | −$11.0M | $83,391 |
| Debt / equity | 0.00 | 0.09 | 0.06 | 0.02 | 0.00 | — |
| Debt / assets | 0.00 | 0.07 | 0.05 | 0.01 | 0.00 | 2.18 |
| Net debt / EBITDA | −2.06 | 24.48 | — | — | — | — |
| Current ratio | 4.88 | 1.52 | 1.44 | 2.35 | 1.92 | 0.27 |
| Quick ratio | 4.88 | 1.52 | 1.44 | 2.35 | 1.92 | 0.27 |
| Interest coverage | 0.2 | -0.5 | -4.8 | -27.5 | — | — |
| Working capital | $17.9M | $2.0M | $1.7M | $9.7M | $6.4M | −$142,514 |
| Invested capital | $685.4M | $605.8M | $552.2M | $531.9M | $214.3M | −$57,535 |
| Tangible asset value | $699.2M | $558.3M | $521.0M | $536.2M | $225.3M | −$140,927 |
| Net current asset value | −$101.0M | −$173.3M | −$164.5M | −$135.4M | −$40.9M | −$142,514 |
| Graham net-net per share | −$0.59 | −$1.09 | −$1.14 | −$1.07 | — | — |
| Capital allocation | ||||||
| Dividends paid | $0 | $0 | $2.6M | $4.0M | $4.0M | $4.0M |
| Share buybacks (net) | $0 | $0 | $0 | $0 | $0 | $0 |
| Capex / revenue | 467.4% | 456.3% | 941.6% | 499.7% | 5,718.0% | — |
| Capex / operating cash flow | 1,182.5% | 1,812.7% | — | — | — | 6,535.3% |
| Capex / depreciation | 26.67 | 14.04 | 28.33 | 273.75 | 2,118.08 | 480.71 |
| Stock-based compensation / revenue | 17.6% | 23.1% | 92.1% | 79.8% | 1,559.9% | — |
| SG&A / revenue | 65.1% | 104.5% | 354.7% | 495.8% | 6,558.7% | — |
| Efficiency | ||||||
| Days sales outstanding | 140.1 | 129.2 | 309.7 | 84.4 | 391.6 | — |
| Days of inventory on hand | — | — | — | 0.0 | — | 8.1 |
| Days payables outstanding | 415.9 | 402.4 | 1,915.6 | 1,349.6 | 7,531.2 | 611,999.6 |
| Cash conversion cycle (days) | -275.8 | -273.2 | -1,605.8 | -1,265.2 | -7,139.6 | — |
| Receivables turnover | 2.61 | 2.83 | 1.18 | 4.33 | 0.93 | 0.00 |
| Payables turnover | 0.88 | 0.91 | 0.19 | 0.27 | 0.05 | 0.00 |
| Inventory turnover | — | — | — | 1,756,000.00 | — | 45.00 |
| Asset turnover | 0.02 | 0.01 | 0.00 | 0.01 | 0.00 | 0.00 |
| Average receivables | $6.0M | $3.6M | $2.6M | $911,858 | $205,978 | $241 |
| Average payables | $4.2M | $3.8M | $4.9M | $6.5M | $3.5M | $75,452 |
| Average inventory | — | — | — | $1 | — | $1 |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Computed from GROY's annual financial statements (latest annual report filed March 19, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
GROY valuation and financial ratios
Gold Royalty earned a return on equity of −0.7% and a return on invested capital of 0.2% in fiscal 2025. It ended the year with $0.2 million of debt and $14.0 million in cash and short-term investments, a net cash position of $13.8 million.
See the GROY income statement, the GROY chart for price history, or the GROY stock overview for the latest quote and news.
GROY key metrics FAQ
What is Gold Royalty's EV/EBITDA?
Gold Royalty's enterprise value was 104.0 times EBITDA at the end of fiscal 2025 (enterprise value $693.2 million, EBITDA $6.7 million); the current EV/EBITDA is 55.8.
What is Gold Royalty's return on equity?
Gold Royalty's return on equity (ROE) was −0.7% in fiscal 2025: net income of -$4.1 million on average shareholders' equity of $628.7 million.
What is Gold Royalty's ROIC?
Gold Royalty's return on invested capital was 0.2% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Gold Royalty have?
Gold Royalty had total debt of $0.2 million at the end of fiscal 2025, a debt-to-equity ratio of 0.00 and more cash than debt.
Does Gold Royalty pay a dividend?
Gold Royalty did not pay a dividend in fiscal 2025.
What is Gold Royalty's free cash flow yield?
Gold Royalty generated -$66.8 million of free cash flow in fiscal 2025, a free cash flow yield of −9.4% on its market value at year-end ($706.9 million).
What is Gold Royalty's current ratio?
Gold Royalty's current ratio was 4.88 at the end of fiscal 2025: current assets were 4.88 times current liabilities.