GROY · Intrinsic value
Is Gold Royalty Corp. (GROY) overvalued or undervalued?
Gold Royalty Corp. (GROY) trades at the delayed market price of $2.93 a share. That price already implies revenue growth of more than 25%/yr. TickerWorth's fair value is $1.32 a share (122% above fair value), as of Oct 19, 2026. It is a model estimate, and every input behind it is sourced below.
Model by Miraaj Patel · generated from SEC filings and market data · Updated Oct 19, 2026 · How these pages are made
Is GROY overvalued?
- Fair value
- $1.32
- Market price
- $2.93
- Downside to fair value
- 54.9%
- Verdict
- 122% above fair value
Reverse DCF, on our cash-flow model rather than the fair value above: Today's price implies revenue growth of more than 25%/yr. Above about 25% a year the reverse-DCF stops being informative. It solves for revenue growth alone — holding margins, capital intensity and the forecast horizon fixed — so a price well above our cash-flow model's value has nowhere to go but growth, and the solver returns a rate the model can't reconcile. Read it as "the price implies growth we can't justify", not as a forecast.
What is GROY's TickerWorth Score?
Middle of the pack — real strengths and real weaknesses
Compared with Basic Materials companies in US
Its strongest point: strong balance sheet. Its weakest: trades above our estimate of what it's worth.
- Value · 24 of 100
Cheaper than 24% of Basic Materials companies in US
- Price vs worth · 6 of 100
- Quality · 59 of 100
More profitable than 59% of Basic Materials companies in US
- Financial health · 96 of 100
Financially stronger than 96% of Basic Materials companies in US
- Growth · 89 of 100
Growing faster than 89% of Basic Materials companies in US
- Momentum · 13 of 100
Outperformed 13% of Basic Materials companies in US over the past year
Confidence: Medium confidence · Scored
Get the Undervalued Company of the Week.
GROY DCF valuation: what the price assumes
At a recent price of $2.93, Gold Royalty Corp. (GROY) trades 122% above TickerWorth's blended fair value of $1.32 per share. For this company that blend leans on peer multiples: our discounted-cash-flow model holds margins flat and fades growth toward a long-run rate, which systematically understates a business growing this fast, so its figure (about $0.27) is shown as a reference beside the range rather than blended into it. Our estimate sits below the market — read that as a statement about how the market prices GROY against comparable companies, not as a finding that it is overvalued on cash flow. This is an educational model, not a price target or a recommendation.
Read the full reasoning
The valuation discounts Gold Royalty Corp.'s projected free cash flows at a weighted-average cost of capital (WACC) of 9.3%, with a long-run terminal growth rate of 2.5%. About 76% of the enterprise value comes from the terminal value — the portion beyond the explicit forecast window — which is typical for a stable, cash-generative business and a reminder that small changes in the discount rate or terminal growth assumption swing the intrinsic value meaningfully.
Running the DCF in reverse — solving for the growth the current price already assumes — GROY would need sustained revenue growth of more than 25%/yr to justify today's price, against about 16.6% a year compounded in our base case. We don't quote a precise figure here, because past about 25% a year the reverse-DCF stops being informative: it solves for revenue growth alone, holding margins, capital intensity and the forecast horizon fixed, so a price well above our fair value has nowhere to go but growth. The honest reading is that the price implies growth this model can't reconcile — not that we forecast it.
Sensitivity matters more than any single number. Across a reasonable band of discount-rate assumptions, GROY's modeled DCF value ranges from about $0.22 to $0.38 per share. If that range still sits below today's price, the market is optimistic relative to the model across the whole band; if it brackets the price, the stock is roughly fairly valued on our assumptions. Use the interactive slider to see exactly where your own cost-of-capital view lands.
How to read this page: the DCF fair value is what Gold Royalty Corp. would be worth if its cash flows grow as modeled and are discounted at the stated WACC. The assumptions table shows every input and its source; the reverse-DCF shows what the market believes; the sensitivity band shows how fragile the answer is. None of this is investment advice — it is a transparent, auditable framework for forming your own view of GROY's intrinsic value. Figures update as new filings and prices come in.
Every input behind GROY's DCF
| Input | Value |
|---|---|
| Base-year revenueGold Royalty Corp. FY2025 20-F (accession 0001193125-26-114767): ifrs-full:Revenue, FY2025 full year. | $15,610,000 |
| Base EBIT marginGold Royalty Corp. FY2025 20-F (accession 0001193125-26-114767): ifrs-full:ProfitLossFromOperatingActivities 1,541,000 / revenue 15,610,000 = 9.87%, FY2025. | 9.9% |
| Forecast revenue growthESTIMATEAssumption — TickerWorth's 5-year explicit forecast | 30% → 24% → 17% → 10% → 4% |
| Risk-free rateLive feed — US 10-year Treasury yield (^TNX) | 4.7% |
| BetaLive feed — yfinance, 5-year monthly beta vs the S&P 500 (clamped to 0.4–2.5) | 0.96 |
| Terminal growthESTIMATEAssumption — TickerWorth house default 2.5%, held below WACC | 2.5% |
| Diluted sharesGold Royalty Corp. FY2025 20-F (accession 0001193125-26-114767): WeightedAverageShares = 174,986,972 shares, FY2025. | 175M |
| Market priceDelayed quote · as of 2026-10-19 15:22 UTC | $2.93 |
Change GROY's assumptions
The discount-rate dial and the editable model
ProChange growth, margin and WACC yourself — Pro (7-day free trial, card required).
What does Gold Royalty Corp. do?
What does it do?
Gold Royalty Corp., a precious metals-focused royalty company, provides financing solutions to the metals and mining industry in the United States, Bosnia and Herzegovina, Canada, Brazil, and Mexico. It focuses on acquiring royalties, streams, or similar interests at varying stages of the mine life cycle to build a portfolio offering near, medium, and longer-term returns for its investors. It operates in the Gold industry (Basic Materials sector), headquartered in Canada.
How does it make money?
The business turns $23M in annual revenue into profit. Out of every $100 of sales, about $28 is left as operating profit (operating margin of 27.7%), after a 94% gross margin on the products/services it sells. After all costs, taxes and interest, 6.7% of revenue becomes bottom-line net profit.
Is it financially healthy?
Financially it looks solid: carries modest debt (0.0× equity), comfortably covers its short-term bills (4.8× current ratio), and is currently profitable.
GROY insider trading
We have no recent SEC Form 4 insider filings on file for Gold Royalty Corp.. Form 4 covers US-listed companies only.
Common questions
What is GROY's intrinsic value?
TickerWorth's blended fair value for Gold Royalty Corp. (GROY) is $1.32 per share, versus a market price of $2.93 (122% above fair value).
Is GROY overvalued or undervalued?
Our cash-flow model understates a business growing this fast, so we don't call GROY overvalued on it. Against a blend that leans on peer multiples, the price of $2.93 sits 122% above our estimate. This is an educational estimate, not advice.
What discount rate is used for GROY?
A WACC of 9.3% and a terminal growth rate of 2.5%.
Is Gold Royalty stock undervalued?
TickerWorth's fair value for Gold Royalty Corp. (GROY) is $1.32 against a market price of $2.93. Our read: 122% above fair value. This is a model estimate, not investment advice.
Gold Royalty (GROY) DCF valuation and fair value
Our fair value for Gold Royalty Corp. (GROY) is $1.32, built on a 9.3% discount rate (WACC) and 2.5% terminal growth. It blends our discounted-cash-flow model with other valuation lenses. Every assumption is listed on this page with its source.
What growth is priced into Gold Royalty stock?
Today's price implies revenue growth of more than 25%/yr. Above about 25% a year the reverse-DCF stops being informative. It solves for revenue growth alone — holding margins, capital intensity and the forecast horizon fixed — so a price well above our cash-flow model's value has nowhere to go but growth, and the solver returns a rate the model can't reconcile. Read it as "the price implies growth we can't justify", not as a forecast. This is a reverse DCF: it holds our cash-flow model's other inputs and solves for the revenue growth that makes the model equal today's price of $2.93. A model estimate, not investment advice.
Gold Royalty (GROY) insider trading
We have no recent SEC Form 4 insider filings on file for Gold Royalty Corp. (GROY). Form 4 covers US-listed companies only.
Stocks below our fair value instead
Not investment advice. TickerWorth Score is a model output.
Educational tool. Every output reflects the assumptions shown — not a prediction and not investment advice. TickerWorth is not a licensed investment adviser, and these figures are estimates from public filings and market data that can be wrong.