Wheaton Precious Metals (Wheaton Precious Metals) PB Ratio : 3.45 (As of Apr. 25, 2024)

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What is Wheaton Precious Metals PB Ratio?

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-04-25), Wheaton Precious Metals's share price is $53.2199. Wheaton Precious Metals's Book Value per Share for the quarter that ended in Dec. 2023 was $15.42. Hence, Wheaton Precious Metals's PB Ratio of today is 3.45.

The historical rank and industry rank for Wheaton Precious Metals's PB Ratio or its related term are showing as below:

WPM' s PB Ratio Range Over the Past 10 Years
Min: 1.06 Med: 2.38 Max: 4.44
Current: 3.52

During the past 13 years, Wheaton Precious Metals's highest PB Ratio was 4.44. The lowest was 1.06. And the median was 2.38.

WPM's PB Ratio is ranked worse than
78.21% of 2396 companies
in the Metals & Mining industry
Industry Median: 1.37 vs WPM: 3.52

During the past 12 months, Wheaton Precious Metals's average Book Value Per Share Growth Rate was 2.50% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 8.30% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 6.60% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 6.80% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Wheaton Precious Metals was 113.60% per year. The lowest was -13.60% per year. And the median was 14.20% per year.

Back to Basics: PB Ratio

Wheaton Precious Metals PB Ratio Historical Data

The historical data trend for Wheaton Precious Metals's PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Wheaton Precious Metals PB Ratio Chart

Wheaton Precious Metals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

PB Ratio

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2.50

3.28

3.10

2.63

3.20

Wheaton Precious Metals Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
PB Ratio	Get a 7-Day Free Trial															2.63	3.15	2.86	2.68	3.20

Competitive Comparison of Wheaton Precious Metals's PB Ratio

For the Gold subindustry, Wheaton Precious Metals's PB Ratio, along with its competitors' market caps and PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Wheaton Precious Metals's PB Ratio Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Wheaton Precious Metals's PB Ratio distribution charts can be found below:

* The bar in red indicates where Wheaton Precious Metals's PB Ratio falls into.

Wheaton Precious Metals PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

Wheaton Precious Metals's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	53.2199	/	15.418
	=	3.45

It can also be calculated from the numbers for the whole company:

PB Ratio

Market Cap

(Total Stockholders Equity

Preferred Stock)

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.

Wheaton Precious Metals (NYSE:WPM) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.

Wheaton Precious Metals PB Ratio Related Terms

Thank you for viewing the detailed overview of Wheaton Precious Metals's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Wheaton Precious Metals (Wheaton Precious Metals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Wheaton Precious Metals Corp (NYSE:WPM) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

WPM:UK SII:Germany SII:Germany SII:Germany SII:Germany WPM:Canada

Address

1021 West Hastings Street, Suite 3500, Vancouver, BC, CAN, V6E 0C3

Website

https://www.wheatonpm.com

Wheaton Precious Metals Corp is a precious metal streaming company. The company has entered into over 20 long-term purchase agreements with 17 different mining companies, for the purchase of precious metals and cobalt. It has streaming agreements covering approximately 19 operating mines and 9 development stage projects. The company's projects include Vale's Salobo mine and silver streams on Glencore's Antamina mine and Goldcorp's Penasquito mine.