WPM.TO Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q2 '26 30.06.2026	Q1 '26 31.03.2026	Q4 '25 31.12.2025
Market & Enterprise Value
Market Cap	89.77B EUR	72.46B EUR	82.92B EUR	73.26B EUR
Enterprise Value	89.1B EUR	74.33B EUR	80.76B EUR	72.12B EUR
Valuation Multiples
Trailing P/E	32.67x	35.33x	46.07x	60.16x
Forward P/E	27.86x	--	--	--
Price to Sales	28.3x	22.85x	30.2x	39.73x
Price to Book	6.53x	7.48x	8.97x	8.43x
EV/Revenue	28.09x	23.44x	29.41x	39.11x
EV/EBITDA	33.4x	27.63x	34.95x	46.7x
Price to FCF (P/FCF)	--	--	82.65x	245.39x
EV/FCF	--	--	80.5x	241.55x
FCF Yield	-3.93%	-4.02%	1.21%	0.41%