Wheaton Precious Metals Corp.WPM

Where WPM's P/E ratio sits inside its own 10-year distribution, with the yearly high, low and average.

$155.11+0.13 (+0.08%)Previous close
NYSEBasic Materials

WPM P/E ratio: current value, 10-year range and year-by-year history

34.4Below average

WPM's p/e ratio is lower than 65% of the last 10 years.

P/E ratio History

Historically priceyAbove avgAround avgBelow avgHistorically cheap
WPM P/E ratio historyWPM P/E ratio from Sep 2023 to Sep 2026: low 22.94, high 68.2, latest 34.39.19.3232.4445.5758.6971.82Sep 23Apr 24Nov 24Jul 25Feb 26Sep 26med 44.15

WPM P/E ratio by year

Yearly range of WPM’s p/e ratio from 2016 to 2026. Over the full period it ranged from -560.0 to 2,703.0, averaging 106.4.

WPM P/E ratio — yearly low, average, high and year-end values
YearLowAverageHighYear-end
202622.935.050.834.4
202536.055.968.236.0
202432.743.051.048.5
202326.233.442.441.5
202217.423.131.022.2
202125.632.640.225.6
202036.9101.1175.336.9
2019-560.087.4858.0156.6
201820.291.0171.720.2
201736.342.750.247.6
2016-68.71,684.42,703.01,932.0

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How much the market pays for each dollar of annual profit. P/E = Stock Price / EPS. The raw number means little — what matters is whether it's high or low relative to the company's own history.

FormulaPrice / Earnings Per Share
Full guide
How to read this chart

The chart shows five color-coded historical zones: green (below 10th percentile) means historically very cheap, fading through lime and gray (the normal 25th–75th range) to orange and red (historically expensive). When the line sits in a green or lime zone, the stock is trading at an unusually low P/E relative to its own history.

Key caveats
  • Cyclical businesses look cheapest on P/E at peak earnings — the "earnings trap." Use EV/EBITDA or normalised earnings for energy, materials, and financials.
  • A falling P/E trend may signal a business in structural decline, not a buying opportunity.

Is WPM P/E ratio High or Low Right Now?

Wheaton Precious Metals Corp.'s P/E ratio is currently 34.4, which is below average relative to its 10-year historical range. The 10-year median P/E ratio for WPM is approximately 38.7. See all WPM valuation metrics →

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