WPM EV/EBITDA: current value, 10-year range and year-by-year history
Cash & Leverage
WPM's ev/ebitda is lower than 65% of the last 10 years.
EV/EBITDA History
WPM EV/EBITDA by year
Yearly range of WPM’s ev/ebitda from 2016 to 2026. Over the full period it ranged from 12.8 to 51.6, averaging 25.8.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 17.6 | 25.2 | 36.8 | 20.8 |
| 2025 | 26.0 | 34.1 | 40.4 | 26.0 |
| 2024 | 22.8 | 28.8 | 33.2 | 27.7 |
| 2023 | 18.6 | 23.9 | 30.3 | 29.6 |
| 2022 | 12.8 | 17.1 | 23.1 | 16.4 |
| 2021 | 18.8 | 22.6 | 26.9 | 18.9 |
| 2020 | 24.7 | 36.3 | 51.6 | 24.7 |
| 2019 | 13.1 | 28.1 | 49.1 | 36.9 |
| 2018 | 12.9 | 22.1 | 30.5 | 13.5 |
| 2017 | 16.9 | 18.9 | 21.1 | 20.8 |
| 2016 | 27.3 | 30.7 | 37.4 | 30.4 |
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An acquisition-style valuation multiple: Enterprise Value (market cap + net debt) divided by operating earnings before accounting adjustments. Compares companies fairly regardless of their capital structure.
(Market Cap + Net Debt) / EBITDAUnlike P/E, this metric accounts for debt — two companies with identical operations but different leverage will show similar EV/EBITDA. Low vs history suggests the total business is modestly priced.
- EBITDA ignores capital expenditure. For asset-heavy businesses (airlines, mining, utilities), this understates the real cost — use EV/EBIT or EV/FCF instead.
- Large acquisitions temporarily spike net debt and can distort the ratio for 1–2 years during integration.
Is WPM EV/EBITDA High or Low Right Now?
Wheaton Precious Metals Corp.'s EV/EBITDA is currently 20.8, which is below average relative to its 10-year historical range. The 10-year median EV/EBITDA for WPM is approximately 24.8. See all WPM valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.