P/E ratio for Wheaton Precious Metals (WPM)
P/E ratio as of April 2024 (TTM): 39.7
According to Wheaton Precious Metals's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 39.6767. At the end of 2022 the company had a P/E ratio of 26.4.
P/E ratio history for Wheaton Precious Metals from 2005 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 26.4 | 3.01% |
| 2021 | 25.6 | -30.57% |
| 2020 | 36.9 | -76.08% |
| 2019 | 154 | 657.7% |
| 2018 | 20.3 | -88.05% |
| 2017 | 170 | 296.5% |
| 2016 | 42.9 | -241.73% |
| 2015 | -30.3 | -183.44% |
| 2014 | 36.3 | 92.4% |
| 2013 | 18.9 | -12.66% |
| 2012 | 21.6 | 16.38% |
| 2011 | 18.6 | -78.6% |
| 2010 | 86.8 | 131.04% |
| 2009 | 37.6 | -59.52% |
| 2008 | 92.8 | 124.14% |
| 2007 | 41.4 | 54% |
| 2006 | 26.9 | -30.49% |
| 2005 | 38.7 |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.