Stocktoria

Wesfarmers Limited WES.AX

AU · Australian Securities Exchange · XASX · stock · Consumer Cyclical · website

Wesfarmers Limited statistics & valuation

Market capA$84.0B
P / E29.2×
P / S1.8×
P / B10.5×
Dividend yield3.42%
Net margin6.1%
Return on equity36.0%
Net debtA$12.2B
Enterprise value USD$67.2B
Earnings yield EBIT/EV4.3%
Return on capital20.4%
Graham number -72.8%A$20.02

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (A$20.02); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
5.70% 5.80% 6.40% 6.10% 2023202420252026
Gross margin (%)
33.40% 34.60% 34.30% 34.10% 2023202420252026
Operating margin (%)
8.20% 8.40% 8.40% 8.70% 2023202420252026
Return on equity (%)
29.80% 29.80% 31.80% 36.00% 2023202420252026
Shares outstanding
1.14B 1.14B 1.14B 1.14B 2023202420252026
Net debt (A$)
A$10.50B A$10.44B A$10.53B A$12.19B 2023202420252026
Share buybacks (A$)
A$1.25B 2023202420252026
Return on assets (%)
9.30% 9.40% 10.50% 10.00% 2023202420252026
Free cash flow margin (%)
2023202420252026
Debt / equity (×)
1.35× 1.31× 1.22× 1.59× 2023202420252026
EPS (A$)
A$2.18 A$2.26 A$2.58 A$2.53 2023202420252026

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Wesfarmers Limited trades at about 29× earnings — below its 10-year norm (10-year range 22.8×–35.3×, median 33.2×).

22.8× 35.3×

Shaded band = 10-year range (22.8×–35.3×); dot = today's 29×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2026FY2025FY2024FY2023
Gross margin34.1%34.3%34.6%33.4%
Operating margin8.7%8.4%8.4%8.2%
Net margin6.1%6.4%5.8%5.7%
Return on assets10.0%10.5%9.4%9.3%
Return on equity36.0%31.8%29.8%29.8%
Debt / equity0.71×0.51×0.55×0.53×
Current ratio1.121.191.141.17

Computed from company filings · AU · as of 2026-06-30. Figures in AUD. Facts plus Stocktoria's own computed scores — not investment advice.