Wheaton Precious MetalsMEX:WPMN 89 Pretax Margin % is 76.67% as of Mar. 2026, which is 49% above its 10-year median of 51.61. GuruFocus rates MEX:WPMN with a GF Score™ of 89/100 and a GF Value™ of MXN3,137.79 (Significantly Undervalued). Among 843 Metals & Mining companies, Wheaton Precious Metals ranks better than 94.9% on this metric.
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
Wheaton Precious Metals Pretax Margin % Related Terms
Wheaton Precious Metals Pretax 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.
MEX:WPMN vs NEM, AU, CDE: Pretax Margin % Comparison
For the Gold subindustry, Wheaton Precious Metals's Pretax Margin %, along with its competitors' market caps and Pretax 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 Pretax Margin % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Wheaton Precious Metals's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Wheaton Precious Metals's Pretax 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 (MEX:WPMN) has a Pretax Margin % of 76.67% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Wheaton Precious Metals and its competitors. This is 49% above median its historical median of 51.61. Over the past decade, Wheaton Precious Metals' Pretax Margin % has ranged from 6.74 to 76.23. According to the industry distribution chart, Wheaton Precious Metals ranks #43 out of 843 companies in the Metals & Mining industry, placing it in the top 5.1%.
Is Wheaton Precious Metals' Pretax Margin % too high?
Wheaton Precious Metals' current Pretax Margin % of 76.67% is 49% above median its 10-year median of 51.61. Over the past 10 years, this metric has ranged from a low of 6.74 to a high of 76.23. The Metals & Mining industry median Pretax Margin % is 4.83. Wheaton Precious Metals' value of 76.67% is 1487.4% above this industry median. Based on the distribution chart, Wheaton Precious Metals ranks #43 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 89/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Wheaton Precious Metals' Pretax Margin % compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Wheaton Precious Metals ranks #43 out of 843 companies for Pretax Margin %. This places Wheaton Precious Metals in the top 5% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 4.83. Wheaton Precious Metals' value of 76.67% is 1487.4% above this benchmark. Historically, Wheaton Precious Metals' own Pretax Margin % has ranged from 6.74 to 76.23 over the past decade. While the company's 10-year median is 51.61 vs. the industry median of 4.83, 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 Pretax Margin % for a Metals & Mining company?
The median Pretax Margin % among Metals & Mining companies is 4.83, based on 843 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Wheaton Precious Metals's current Pretax Margin % of 76.67% is 1487.4% 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 Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Wheaton Precious Metals and its competitors. For the Metals & Mining industry, the median Pretax Margin % is 4.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Wheaton Precious Metals's current Pretax Margin % is 76.67%, which is 49% above median its own 10-year median of 51.61. 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 (MEX:WPMN) is currently considered Significantly Undervalued. The stock's GF Value™ is MXN3,137.79, compared to a current price of MXN2,170.00 — trading 30.8% below its estimated fair value. The current Pretax Margin % is 76.67%, which is 49% above median its 10-year median of 51.61 and 1487.4% above the Metals & Mining industry median of 4.83. Wheaton Precious Metals' overall GF Score™ is 89/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For Wheaton Precious Metals (MEX:WPMN), the current Pretax Margin % is 76.67% 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 (MEX:WPMN) Overvalued in 2026?
Based on GuruFocus' analysis, Wheaton Precious Metals stock appears to be undervalued.
The current stock price of MXN2,170.00 is trading 30.8% below its estimated GF Value™ of MXN3,137.79.
GuruFocus considers Wheaton Precious Metals to be Significantly Undervalued.
Key valuation signals for MEX:WPMN:
Pretax Margin %: 76.67% (49% above median its 10-year median of 51.61)
GF Value™: MXN3,137.79 vs. price of MXN2,170.00 (30.8% below fair value)
Industry Position: 1487.4% above the Metals & Mining median (#43 of 843)
No single metric tells the full story. See the MEX:WPMN 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.
89GF Score
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