Wheaton Precious MetalsLSE:WPM -3.16%98 Net Margin % is 64.57% as of Mar. 2026, which is 30% above its 10-year median of 49.62. GuruFocus rates LSE:WPM with a GF Score™ of 98/100 and a GF Value™ of £124.07 (Significantly Undervalued). Among 843 Metals & Mining companies, Wheaton Precious Metals ranks better than 95.14% on this metric.
The historical rank and industry rank for Wheaton Precious Metals's Net Margin % or its related term are showing as below:
LSE:WPM'
s Net Margin % Range Over the Past 10 Years
Min: 6.84 Med: 49.62 Max: 65.57
Current: 65.57
LSE:WPM's Net Margin % is ranked better than 95.14% of 843
companies
in the Metals & Mining industry
Industry Median: 3.41
vs LSE:WPM: 65.57
Wheaton Precious Metals (LSE:WPM) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Wheaton Precious Metals Net Margin % Related Terms
Wheaton Precious Metals Net Margin % Historical Data
* 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.
For the Gold subindustry, Wheaton Precious Metals's Net Margin %, along with its competitors' market caps and Net Margin % 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 Net Margin % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Wheaton Precious Metals's Net Margin % distribution charts can be found below:
* The bar in red indicates where Wheaton Precious Metals's Net Margin % 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.
Wheaton Precious Metals (LSE:WPM) has a Net Margin % of 64.57% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Wheaton Precious Metals and its competitors. This is 30% above median its historical median of 49.62. Over the past decade, Wheaton Precious Metals' Net Margin % has ranged from 6.84 to 65.57. According to the industry distribution chart, Wheaton Precious Metals ranks #41 out of 843 companies in the Metals & Mining industry, placing it in the top 4.9%.
Is Wheaton Precious Metals' Net Margin % too high?
Wheaton Precious Metals' current Net Margin % of 64.57% is 30% above median its 10-year median of 49.62. Over the past 10 years, this metric has ranged from a low of 6.84 to a high of 65.57. The Metals & Mining industry median Net Margin % is 3.41. Wheaton Precious Metals' value of 64.57% is 1793.5% above this industry median. Based on the distribution chart, Wheaton Precious Metals ranks #41 out of 843 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Wheaton Precious Metals has a GF Score™ of 98/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Wheaton Precious Metals' Net Margin % compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Wheaton Precious Metals ranks #41 out of 843 companies for Net Margin %. This places Wheaton Precious Metals in the top 5% of its industry — outperforming the majority of peers. The industry median Net Margin % is 3.41. Wheaton Precious Metals' value of 64.57% is 1793.5% above this benchmark. Historically, Wheaton Precious Metals' own Net Margin % has ranged from 6.84 to 65.57 over the past decade. While the company's 10-year median is 49.62 vs. the industry median of 3.41, Wheaton Precious Metals has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for a Metals & Mining company?
The median Net Margin % among Metals & Mining companies is 3.41, based on 843 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Wheaton Precious Metals's current Net Margin % of 64.57% is 1793.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Wheaton Precious Metals and its competitors. For the Metals & Mining industry, the median Net Margin % is 3.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Wheaton Precious Metals's current Net Margin % is 64.57%, which is 30% above median its own 10-year median of 49.62. 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?
Based on GuruFocus' analysis, Wheaton Precious Metals (LSE:WPM) is currently considered Significantly Undervalued. The stock's GF Value™ is £124.07, compared to a current price of £85.80 — trading 30.8% below its estimated fair value. The current Net Margin % is 64.57%, which is 30% above median its 10-year median of 49.62 and 1793.5% above the Metals & Mining industry median of 3.41. Wheaton Precious Metals' overall GF Score™ is 98/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Wheaton Precious Metals (LSE:WPM), the current Net Margin % is 64.57% 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 (LSE:WPM) Overvalued in 2026?
Based on GuruFocus' analysis, Wheaton Precious Metals stock appears to be undervalued.
The current stock price of £85.80 is trading 30.8% below its estimated GF Value™ of £124.07.
GuruFocus considers Wheaton Precious Metals to be Significantly Undervalued.
Key valuation signals for LSE:WPM:
Net Margin %: 64.57% (30% above median its 10-year median of 49.62)
GF Value™: £124.07 vs. price of £85.80 (30.8% below fair value)
Industry Position: 1793.5% above the Metals & Mining median (#41 of 843)
No single metric tells the full story. See the LSE: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.
98GF Score
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