Wheaton Precious MetalsXSWX:WPM 95 ROC (Joel Greenblatt) % is 36.71% as of Mar. 2026, which is 308% above its 10-year median of 9.00. GuruFocus rates XSWX:WPM with a GF Score™ of 95/100 and a GF Value™ of CHF17.67. Among 2,495 Metals & Mining companies, Wheaton Precious Metals ranks better than 90.38% on this metric.
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits). He defines ROC (Joel Greenblatt) % as EBIT divided by the total of Property, Plant and Equipment and net working capital. Wheaton Precious Metals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 36.71%.
The historical rank and industry rank for Wheaton Precious Metals's ROC (Joel Greenblatt) % or its related term are showing as below:
XSWX:WPM'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.4 Med: 9 Max: 29.52
Current: 29.52
During the past 13 years, Wheaton Precious Metals's highest ROC (Joel Greenblatt) % was 29.52%. The lowest was 1.40%. And the median was 9.00%.
XSWX:WPM's ROC (Joel Greenblatt) % is ranked better than 90.38% of 2495
companies
in the Metals & Mining industry
Industry Median: -22.69
vs XSWX:WPM: 29.52
Wheaton Precious Metals's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 11.90% per year.
The way Joel Greenblatt defines Return on Capital is a more accurate measure of how efficiently the company generates returns onthe capital actually invested in the business. EBIT is used instead of net income because the tax and interest payment may be affected by factors other than the core business operation. Intangible assets are not included in the calculation because they don't need to be replaced.
Wheaton Precious Metals ROC (Joel Greenblatt) % Related Terms
Wheaton Precious Metals ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Wheaton Precious Metals's ROC (Joel Greenblatt) % 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: ROC (Joel Greenblatt) % Comparison
For the Gold subindustry, Wheaton Precious Metals's ROC (Joel Greenblatt) %, along with its competitors' market caps and ROC (Joel Greenblatt) % 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 ROC (Joel Greenblatt) % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Wheaton Precious Metals's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Wheaton Precious Metals's ROC (Joel Greenblatt) % falls into.
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits) . He defines Return on Capital as follows:
EBIT stands for Earnings Before Interest and Taxes.
Fixed Assets are also known as non-current assets. They include the Property, Plant and Equipment that the firm needs in its operation.
GuruFocus calculates net working capital as: (Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Deferred Revenue + Other Current Liabilities). We're trying to account for OPERATING assets and liabilities (part of daily business) when calculating working capital. Cash and marketable securities are considered NON-OPERATING assets and are not included in calculation. We will also back out all interest bearing debt, short term debt and the portion of long term debt that is due in the current period from the current liabilities. This debt will be considered when computing cost of capital and it would be inappropriate to count it twice.
Note:
The EBIT data used here is four times the quarterly (Mar. 2026) EBIT 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.
What does a ROC (Joel Greenblatt) % of 36.71% mean?
Wheaton Precious Metals (XSWX:WPM) has a ROC (Joel Greenblatt) % of 36.71% as of Mar. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Wheaton Precious Metals and its competitors. This is 308% above median its historical median of 9.00. Over the past decade, Wheaton Precious Metals' ROC (Joel Greenblatt) % has ranged from 1.40 to 29.52. According to the industry distribution chart, Wheaton Precious Metals ranks #240 out of 2495 companies in the Metals & Mining industry, placing it in the top 9.6%.
Is Wheaton Precious Metals' ROC (Joel Greenblatt) % too high?
Wheaton Precious Metals' current ROC (Joel Greenblatt) % of 36.71% is 308% above median its 10-year median of 9.00. Over the past 10 years, this metric has ranged from a low of 1.40 to a high of 29.52. Based on the distribution chart, Wheaton Precious Metals ranks #240 out of 2495 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' ROC (Joel Greenblatt) % compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Wheaton Precious Metals ranks #240 out of 2495 companies for ROC (Joel Greenblatt) %. This places Wheaton Precious Metals in the top 10% of its industry — outperforming the majority of peers. Historically, Wheaton Precious Metals' own ROC (Joel Greenblatt) % has ranged from 1.40 to 29.52 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 ROC (Joel Greenblatt) % for a Metals & Mining company?
A good ROC (Joel Greenblatt) % depends on the Metals & Mining industry context. However, ROC (Joel Greenblatt) % 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 ROC (Joel Greenblatt) % mean?
A high ROC (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Wheaton Precious Metals and its competitors. Wheaton Precious Metals's current ROC (Joel Greenblatt) % is 36.71%, which is 308% above median its own 10-year median of 9.00. 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 ROC (Joel Greenblatt) % of 36.71%. 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 ROC (Joel Greenblatt) % is 36.71%, which is 308% above median its 10-year median of 9.00. 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 ROC (Joel Greenblatt) % calculated?
ROC (Joel Greenblatt) % is calculated from a company's financial statements. For Wheaton Precious Metals (XSWX:WPM), the current ROC (Joel Greenblatt) % is 36.71% 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:
ROC (Joel Greenblatt) %: 36.71% (308% above median its 10-year median of 9.00)
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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