Wheaton Precious Metals (Wheaton Precious Metals) Price-to-Tangible-Book : 3.49 (As of Apr. 26, 2024)

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What is Wheaton Precious Metals Price-to-Tangible-Book?

As of today (2024-04-26), Wheaton Precious Metals's share price is $53.73. Wheaton Precious Metals's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $15.40. Hence, Wheaton Precious Metals's Price to Tangible Book Ratio of today is 3.49.

The historical rank and industry rank for Wheaton Precious Metals's Price-to-Tangible-Book or its related term are showing as below:

WPM' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.22 Med: 2.38 Max: 3.55
Current: 3.55

During the past 13 years, Wheaton Precious Metals's highest Price to Tangible Book Ratio was 3.55. The lowest was 1.22. And the median was 2.38.

WPM's Price-to-Tangible-Book is ranked worse than
80.93% of 2239 companies
in the Metals & Mining industry
Industry Median: 1.32 vs WPM: 3.55

A closely related ratio is called PB Ratio. As of today, Wheaton Precious Metals's share price is $53.73. Wheaton Precious Metals's Book Value per Sharefor the quarter that ended in Dec. 2023 was $15.42. Hence, Wheaton Precious Metals's P/B Ratio of today is 3.48.

Wheaton Precious Metals Price-to-Tangible-Book Historical Data

The historical data trend for Wheaton Precious Metals's Price-to-Tangible-Book 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 Price-to-Tangible-Book Chart

Wheaton Precious Metals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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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
Price-to-Tangible-Book	Get a 7-Day Free Trial															2.63	3.15	2.86	2.69	3.20

Competitive Comparison of Wheaton Precious Metals's Price-to-Tangible-Book

For the Gold subindustry, Wheaton Precious Metals's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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 Price-to-Tangible-Book Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Wheaton Precious Metals's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Wheaton Precious Metals's Price-to-Tangible-Book falls into.

Wheaton Precious Metals Price-to-Tangible-Book Calculation

Wheaton Precious Metals's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	53.73	/	15.404
	=	3.49

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

Price to Tangible Book	=	Market Cap	/	Tangible Equity
	=	Market Cap	/	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)

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

Be Aware

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

Wheaton Precious Metals Price-to-Tangible-Book Related Terms

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Wheaton Precious Metals (Wheaton Precious Metals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Wheaton Precious Metals Corp (NYSE:WPM) » Definitions » Price-to-Tangible-Book

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.