WPM
Wheaton Precious Metals
PE ratio, current and historical analysis
- Stocks
- Basic Materials
- NYSE: WPM
- PE Ratio
The price-to-earnings ratio for Wheaton Precious Metals stock stands at 29.41 as of Jun 23, 2026. This results from the current EPS of $3.96 and stock price of $116.46. A decrease of 31% has been recorded in the P/E ratio compared to the average of 42.9 of the last 4 quarters.
WPM PE ratio history
Over the last ten years, the average PE ratio of Wheaton Precious Metals has been 70.97. The current 29.41 PE ratio is 59% below the historical average. In the past ten years, WPM's PE ratio was at its highest in the Sep 2019 quarter at 874.67, with a price of $26.24 and an EPS of $0.03. The Sep 2022 quarter recorded the bottom point at 18.39, with a price of $32.36 and an EPS of $1.76.
Wheaton Precious Metals PE ratio by year
Maximum annual increase: 669.81% in 2019
Maximum annual decrease: -88.05% in 2018
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2025 | 36.27 | -24.55% | $117.52 | $3.24 |
| 2024 | 48.07 | 15.94% | $56.24 | $1.17 |
| 2023 | 41.46 | 56.99% | $49.34 | $1.19 |
| 2022 | 26.41 | 3.37% | $39.08 | $1.48 |
| 2021 | 25.55 | -30.83% | $42.93 | $1.68 |
| 2020 | 36.94 | -76.41% | $41.74 | $1.13 |
| 2019 | 156.58 | 669.81% | $29.75 | $0.19 |
| 2018 | 20.34 | -88.05% | $19.53 | $0.96 |
| 2017 | 170.23 | 195.33% | $22.13 | $0.13 |
| 2016 | 57.64 | N/A | $25.94 | $0.45 |
| 2015 | N/A | N/A | $17.2 | -$0.41 |
| 2014 | 36.3 | 90.55% | $20.33 | $0.56 |
| 2013 | 19.05 | -12.33% | $20.19 | $1.06 |
| 2012 | 21.73 | 17.08% | $36.08 | $1.66 |
| 2011 | 18.56 | -78.61% | $28.96 | $1.56 |
Wheaton Precious Metals PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Mar 2026 | 33.08 | -8.8% | $131.01 | $3.96 |
| Dec 2025 | 36.27 | -28.33% | $117.52 | $3.24 |
| Sep 2025 | 50.61 | -1.94% | $111.84 | $2.21 |
| Jun 2025 | 51.61 | -8.91% | $89.8 | $1.74 |
| Mar 2025 | 56.66 | 17.87% | $77.63 | $1.37 |
| Dec 2024 | 48.07 | 6.26% | $56.24 | $1.17 |
| Sep 2024 | 45.24 | 8.75% | $61.08 | $1.35 |
| Jun 2024 | 41.6 | 14.76% | $52.42 | $1.26 |
| Mar 2024 | 36.25 | -12.57% | $47.13 | $1.3 |
| Dec 2023 | 41.46 | 20.66% | $49.34 | $1.19 |
| Sep 2023 | 34.36 | 8.12% | $40.55 | $1.18 |
| Jun 2023 | 31.78 | -8.94% | $43.22 | $1.36 |
| Mar 2023 | 34.9 | 32.15% | $48.16 | $1.38 |
| Dec 2022 | 26.41 | 43.61% | $39.08 | $1.48 |
| Sep 2022 | 18.39 | -16.79% | $32.36 | $1.76 |
WPM Price vs fair value
WPM average PE ratio chart
What this chart measures
The Historical Valuation Regime chart shows where the stock's current valuation sits relative to its own historical valuation range over the selected lookback period.
This is a history-relative tool, not a market-relative percentile. It does not compare the stock to other companies. Instead, it compares each historical valuation reading to the stock's own past readings.
Percentile logic
The threshold lines are calculated them from the stock's real historical values using percentile interpolation. That is why some colored bands are narrow while others are wide: the band widths reflect how the stock actually traded through time.
Regime map
| Historical percentile | Regime | Chart meaning |
|---|---|---|
| 0-10 | Historically Low | Deep cheap zone |
| >10-25 | Below Average | Cheap relative to history |
| >25-75 | Average | Within the normal historical range |
| >75-90 | Above Average | Expensive relative to history |
| >90-100 | Historically High | Extreme or stretched valuation |
How to read each part
| Chart element | What it tells you |
|---|---|
| Main line | The actual historical valuation values over time for the selected metric. |
| Dashed horizontal lines | The stock's computed P10, P25, Median, P75, and P90 thresholds for the selected period. |
| Colored bands | The historical valuation zones between those thresholds. |
| Metric boxes | Current ratio, historical median, current percentile, and current regime. |
| Timeline strip | A condensed regime history showing how the stock moved between cheap, fair, and expensive states across each observation. |
Important metric definitions
Current Percentile is the percentile rank of the latest valid historical observation within the selected lookback range.
Current Regime is assigned directly from the latest observation's percentile bucket using the fixed 10 / 25 / 75 / 90 cutoffs shown above.
How to use it well
This chart is most useful for answering a narrow question: Is this stock trading high, low, or normal relative to its own history? It works best alongside growth, profitability, and forward-looking business analysis, because a stock can deserve a higher or lower regime if its business quality has changed.
WPM's current P/E ratio is lower than the 3, 5 and 10-year averages.
PE comparison
Wheaton Precious Metals's P/E of 29.41 is above the Basic Materials sector and the industry average. Compared to its Basic Materials sector average of 21.15, Wheaton Precious Metals's P/E is 39% higher.
Frequently asked questions
What is Wheaton Precious Metals's PE ratio?
WPM's price to earnings ratio is 29.41 as of Jun 23, 2026.
What is the 3-year average PE ratio for Wheaton Precious Metals (WPM)?
The 3-year average PE ratio for WPM stock is 42.25.
What is the 5-year average PE ratio for Wheaton Precious Metals (WPM)?
The 5-year average PE ratio for WPM stock is 36.07.
What is the highest PE ratio for WPM?
In the last ten years, the Sep 2019 quarter recorded the highest quarterly PE ratio at 874.67.
How does the current PE ratio for WPM compare to its historical average?
WPM's price to earnings ratio is currently 59% below its 10-year historical average.
How is WPM's PE ratio calculated (Wheaton Precious Metals PE ratio formula)?
The PE ratio is calculated by dividing the most recent price of a stock by its trailing twelve months EPS. As of today (Jun 23, 2026), Wheaton Precious Metals's stock price is $116.46. The earnings per share for the trailing twelve months (TTM) ending Mar 2026 is $3.96. Therefore, Wheaton Precious Metals's P/E ratio for today is 29.41. PE RATIO(29.41) = STOCK PRICE($116.46) / TTM EPS($3.96)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.