Wheaton Precious MetalsXSWX:WPM 95 Return-on-Tangible-Asset is 24.40% as of Mar. 2026, which is 219% above its 10-year median of 7.65. GuruFocus rates XSWX:WPM with a GF Score™ of 95/100 and a GF Value™ of CHF17.67. Among 2,657 Metals & Mining companies, Wheaton Precious Metals ranks better than 94.39% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Wheaton Precious Metals's annualizedNet Income for the quarter that ended in Mar. 2026 was CHF1,833 Mil. Wheaton Precious Metals's average total tangible assets for the quarter that ended in Mar. 2026 was CHF7,511 Mil. Therefore, Wheaton Precious Metals's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 24.40%.
The historical rank and industry rank for Wheaton Precious Metals's Return-on-Tangible-Asset or its related term are showing as below:
XSWX:WPM'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.95 Med: 7.65 Max: 20.72
Current: 20.72
During the past 13 years, Wheaton Precious Metals's highest Return-on-Tangible-Asset was 20.72%. The lowest was 0.95%. And the median was 7.65%.
XSWX:WPM's Return-on-Tangible-Asset is ranked better than 94.39% of 2657
companies
in the Metals & Mining industry
Industry Median: -17.41
vs XSWX:WPM: 20.72
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Wheaton Precious Metals Return-on-Tangible-Asset Related Terms
Wheaton Precious Metals Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Wheaton Precious Metals's Return-on-Tangible-Asset 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.
XSWX:WPM vs NEM, AU, RGLD: Return-on-Tangible-Asset Comparison
For the Gold subindustry, Wheaton Precious Metals's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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 Return-on-Tangible-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Wheaton Precious Metals's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Wheaton Precious Metals's Return-on-Tangible-Asset 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 24.40% mean?
Wheaton Precious Metals (XSWX:WPM) has a Return-on-Tangible-Asset of 24.40% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Wheaton Precious Metals and its competitors. This is 219% above median its historical median of 7.65. Over the past decade, Wheaton Precious Metals' Return-on-Tangible-Asset has ranged from 0.95 to 20.72. According to the industry distribution chart, Wheaton Precious Metals ranks #149 out of 2657 companies in the Metals & Mining industry, placing it in the top 5.6%.
Is Wheaton Precious Metals' Return-on-Tangible-Asset too high?
Wheaton Precious Metals' current Return-on-Tangible-Asset of 24.40% is 219% above median its 10-year median of 7.65. Over the past 10 years, this metric has ranged from a low of 0.95 to a high of 20.72. Based on the distribution chart, Wheaton Precious Metals ranks #149 out of 2657 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 95/100, reflecting its overall financial health beyond just this single metric.
How does Wheaton Precious Metals' Return-on-Tangible-Asset compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Wheaton Precious Metals ranks #149 out of 2657 companies for Return-on-Tangible-Asset. This places Wheaton Precious Metals in the top 6% of its industry — outperforming the majority of peers. Historically, Wheaton Precious Metals' own Return-on-Tangible-Asset has ranged from 0.95 to 20.72 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 Return-on-Tangible-Asset for a Metals & Mining company?
A good Return-on-Tangible-Asset depends on the Metals & Mining industry context. However, Return-on-Tangible-Asset 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Wheaton Precious Metals and its competitors. Wheaton Precious Metals's current Return-on-Tangible-Asset is 24.40%, which is 219% above median its own 10-year median of 7.65. 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 Return-on-Tangible-Asset of 24.40%. 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 Return-on-Tangible-Asset is 24.40%, which is 219% above median its 10-year median of 7.65. 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 Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Wheaton Precious Metals (XSWX:WPM), the current Return-on-Tangible-Asset is 24.40% 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:
Return-on-Tangible-Asset: 24.40% (219% above median its 10-year median of 7.65)
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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