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ABX vs WPM: which stock is the better value?

By Wealth Awesome -
Stocks & ETFs:ABX.TOWPM.TO

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Barrick Gold looks cheaper on two of the three valuation measures in this snapshot. Wheaton Precious Metals has the lower PEG, so the comparison is mixed rather than a clear verdict on value.

Barrick Gold Corp. and Wheaton Precious Metals Corp. are both in the Materials sector, but their valuation figures differ. At the latest adjusted closes on October 30, 2026, Barrick traded at C$51.64 and had a market capitalization of C$85.0B. Wheaton traded at C$162.43, with a market capitalization of C$73.8B. Share prices alone don’t show which company is cheaper, so this comparison focuses on the supplied P/E, PEG and P/B figures. Barrick has the lower P/E and P/B, while Wheaton has the lower PEG. See the company snapshots for Barrick Gold and Wheaton Precious Metals.

Investor takeaway: The three multiples point in different directions. Barrick is lower on P/E and P/B, while Wheaton is lower on PEG. These figures compare the companies on the measures provided. They don’t show that either stock is undervalued, predict returns or account for differences between the businesses. The snapshot also lists a Strong Sell consensus label and a C$0.00 analyst target for each company. Treat these as fields in the supplied table, not as a specific outlook.

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The valuation comparison is split across three multiples

Barrick’s P/E is 9.7, compared with 26.1 for Wheaton. Its P/B is also lower, at 2.22 versus 5.42. But Wheaton’s PEG is 0.43, below Barrick’s 2.04. Barrick is lower on two of the three measures, but that doesn’t prove it’s the better value overall.

Bull case

Barrick’s lower P/E and P/B may appeal to investors comparing current earnings and book value multiples. The snapshot also reports a 27.0% TTM ROE and a 1.20% dividend yield. These figures add context, but don’t show that the shares are a bargain.

Bear case

Barrick’s PEG is higher than Wheaton’s in this snapshot. The valuation multiples alone don’t show whether Barrick’s earnings or book value will support future returns. The supplied analyst fields show Strong Sell and a C$0.00 target, which investors may want to examine in context.

How the supplied multiples compare

Barrick’s P/E is 9.7, compared with 26.1 for Wheaton. Barrick also has the lower P/B: 2.22 versus 5.42. On those two measures, Barrick looks cheaper. The PEG points the other way: Wheaton is at 0.43, below Barrick’s 2.04. The comparison is split, with Barrick lower on two multiples and Wheaton lower on one. A lower multiple is a comparison, not proof of undervaluation or future performance.

Other snapshot figures to keep in view

Barrick’s reported dividend yield is 1.20% and its TTM ROE is 27.0%. Wheaton’s yield is 0.42% and its TTM ROE is 23.5%. These figures add context, but they don’t replace an understanding of each company’s operations, risks and financial outlook. The supplied analyst table labels both stocks Strong Sell and lists a C$0.00 target for each. The snapshot doesn’t explain these fields, so don’t treat them as a forecast or a standalone investment conclusion.

Wealth Awesome
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Published: November 2, 2026
Last Updated: November 2, 2026

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