Wheaton Precious MetalsXSWX:WPM 95 Net Current Asset Value is CHF2.80 as of Mar. 2026, which is 100% below its 10-year median of 47.47. GuruFocus rates XSWX:WPM with a GF Score™ of 95/100 and a GF Value™ of CHF17.67. Among 1,332 Metals & Mining companies, Wheaton Precious Metals ranks worse than 92.27% on this metric.
In calculating the Net Current Asset Value (NCAV), Benjamin Graham means a company's current assets (such as cash, marketable securities, and inventories) minus its total liabilities (including preferred stock, minority interest, and long-term debt).
Wheaton Precious Metals's net current asset value per share for the quarter that ended in Mar. 2026 was CHF2.80.
The historical rank and industry rank for Wheaton Precious Metals's Net Current Asset Value or its related term are showing as below:
XSWX:WPM'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 22.59 Med: 47.47 Max: 177.78
Current: 107.9
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Wheaton Precious Metals was 177.78. The lowest was 22.59. And the median was 47.47.
XSWX:WPM's Price-to-Net-Current-Asset-Value is ranked worse than 92.27% of 1332
companies
in the Metals & Mining industry
Industry Median: 6.825
vs XSWX:WPM: 107.90
Wheaton Precious Metals (XSWX:WPM) Net Current Asset Value Explanation
Benjamin Graham first discussed net current asset value (NCAV) in the 1934 edition of "Security Analysis", which he coauthored with David Dodd. In the book, (net) current asset value is defined as:" current assets alone, minus all liabilities and claims ahead of the issue."
The common definition of NCAV is: NCAV = current assets – [total liabilities + minority interest + preferred stock]
Net current assets exclude not only the intangible assets but also the fixed and miscellaneous assets. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.
One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Grahams strategy produced similar results.
Benjamin Graham looked for companies whose market values were less than two-thirds of their Net-Net Working Capital. They are collected under our Net-Net screener.
Wheaton Precious Metals Net Current Asset Value Related Terms
Wheaton Precious Metals Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Wheaton Precious Metals's Net Current Asset Value 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.
Wheaton Precious Metals Net Current Asset Value Chart
XSWX:WPM vs NEM, AU, RGLD: Net Current Asset Value Comparison
For the Gold subindustry, Wheaton Precious Metals's Price-to-Net-Current-Asset-Value, along with its competitors' market caps and Price-to-Net-Current-Asset-Value 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 Price-to-Net-Current-Asset-Value vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Wheaton Precious Metals's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Wheaton Precious Metals's Price-to-Net-Current-Asset-Value falls into.
* 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.
What does a Net Current Asset Value of CHF2.80 mean?
Wheaton Precious Metals (XSWX:WPM) has a Net Current Asset Value of CHF2.80 as of Mar. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Wheaton Precious Metals and its competitors. This is 94% below median its historical median of 47.47. Over the past decade, Wheaton Precious Metals' Net Current Asset Value has ranged from 22.59 to 177.78. According to the industry distribution chart, Wheaton Precious Metals ranks #1229 out of 1332 companies in the Metals & Mining industry, placing it in the top 92.3%.
Is Wheaton Precious Metals' Net Current Asset Value too high?
Wheaton Precious Metals' current Net Current Asset Value of CHF2.80 is 94% below median its 10-year median of 47.47. Over the past 10 years, this metric has ranged from a low of 22.59 to a high of 177.78. Based on the distribution chart, Wheaton Precious Metals ranks #1229 out of 1332 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Wheaton Precious Metals has a GF Score™ of 95/100, reflecting its overall financial health beyond just this single metric.
How does Wheaton Precious Metals' Net Current Asset Value compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Wheaton Precious Metals ranks #1229 out of 1332 companies for Net Current Asset Value. This places Wheaton Precious Metals in the lower half of its industry. The industry median Net Current Asset Value is 6.83. Historically, Wheaton Precious Metals' own Net Current Asset Value has ranged from 22.59 to 177.78 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Current Asset Value for a Metals & Mining company?
The median Net Current Asset Value among Metals & Mining companies is 6.83, based on 1,332 companies in the industry. Companies in the top quartile (top 25%) have a Net Current Asset Value significantly above this median, while those in the bottom quartile fall well below. However, Net Current Asset Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Current Asset Value mean?
A high Net Current Asset Value can signal that a stock is expensive relative to its fundamentals. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Wheaton Precious Metals and its competitors. For the Metals & Mining industry, the median Net Current Asset Value is 6.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Wheaton Precious Metals's current Net Current Asset Value is CHF2.80, which is 94% below median its own 10-year median of 47.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wheaton Precious Metals stock overvalued right now?
Wheaton Precious Metals (XSWX:WPM) has a current Net Current Asset Value of CHF2.80. The stock's GF Value™ is CHF17.67, compared to a current price of CHF93.87 — trading 431.2% above its estimated fair value. The current Net Current Asset Value is CHF2.80, which is 94% below median its 10-year median of 47.47. Wheaton Precious Metals' overall GF Score™ is 95/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Current Asset Value calculated?
Net Current Asset Value is calculated from a company's financial statements. For Wheaton Precious Metals (XSWX:WPM), the current Net Current Asset Value is CHF2.80 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Wheaton Precious Metals (XSWX:WPM) Overvalued in 2026?
Based on GuruFocus' analysis, Wheaton Precious Metals stock appears to be overvalued.
The current stock price of CHF93.87 is trading 431.2% above its estimated GF Value™ of CHF17.67.
Key valuation signals for XSWX:WPM:
Net Current Asset Value: CHF2.80 (94% below median its 10-year median of 47.47)
GF Value™: CHF17.67 vs. price of CHF93.87 (431.2% above fair value)
No single metric tells the full story. See the XSWX:WPM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Wheaton Precious Metals Corp is a precious metal streaming company. Its geographical segment includes: North America; Europe; South America; and Africa. It generates its revenue from the sale of precious metals (gold, silver and palladium) and cobalt.
95GF Score
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