Kinross Gold has lower reported valuation multiples than Franco-Nevada across all three measures in this snapshot. That makes it the lower-multiple stock, but it doesn’t tell us which one offers better value.
Franco-Nevada Corporation (FNV.TO) and Kinross Gold Corp. (K.TO) are both in the Materials sector, but their valuation multiples differ sharply. At the November 6, 2026 adjusted close, Franco-Nevada traded at C$360.24 per share, with a market cap of C$69.5 billion. Kinross traded at C$31.36 per share, with a market cap of C$36.9 billion. Share prices alone don’t show which company is cheaper. Based on the supplied P/E, PEG and P/B figures, Kinross has the lower multiple in each case. These figures are a starting point, not a full assessment of either company’s business, risks or future returns.
Investor takeaway: Kinross has lower reported P/E, PEG and P/B multiples. It also has higher trailing-twelve-month ROE and a slightly higher dividend yield in this snapshot. That doesn’t prove Kinross is undervalued or Franco-Nevada is overvalued. The figures don’t explain the valuation gap, and the analyst data shown here offers no useful price target for either company.
Stocks in this list
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Franco-Nevada Corporation
FNV.TO
Materials
$360.24
$69.48B
1D
+2.40%
1W
+14.58%
Kinross Gold Corp
K.TO
Materials
$31.36
$36.94B
1D
+3.64%
1W
+11.36%
Kinross has the lower figure on all three supplied multiples
Kinross reports a P/E of 8.9, compared with 34.9 for Franco-Nevada. Its PEG is 1.12 versus 9.18, and its P/B is 2.64 versus 6.00. These figures show which stock has lower reported multiples. They don’t establish either company’s intrinsic value or predict its performance.
Bull case
Kinross combines lower reported multiples with 35.3% trailing-twelve-month ROE and a 0.53% dividend yield. Those figures may appeal to investors comparing the two companies, but they don’t show that the valuation gap will close.
Bear case
Lower multiples can reflect risks or expectations that these figures don’t capture. This snapshot alone can’t show whether Kinross’s P/E, PEG and P/B make it a bargain. The supplied analyst target of C$0.00 also offers no useful valuation context.
The valuation snapshot
Kinross has the lower reported figure on all three supplied multiples.
| Company | P/E | PEG | P/B |
|---|---|---|---|
| Franco-Nevada | 34.9 | 9.18 | 6.00 |
| Kinross Gold | 8.9 | 1.12 | 2.64 |
This compares reported multiples; it doesn’t determine fair value. The snapshot doesn’t include the assumptions behind the PEG figures or enough detail to explain why the market values the companies differently.
Other figures add context, not a conclusion
Kinross reports trailing-twelve-month ROE of 35.3%, compared with 19.9% for Franco-Nevada. Its dividend yield is 0.53%, versus 0.47%. Both companies have a Strong Sell analyst consensus in this snapshot, and both show an analyst target of C$0.00. Those figures don’t provide a useful target-price comparison. Kinross has a market cap of C$36.9 billion, compared with C$69.5 billion for Franco-Nevada. Together, these numbers show how the companies differ in this snapshot, but they don’t establish which is the better investment.
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