Stocktoria

Walmart Inc. WMT

Nasdaq · stock · Retail-Variety Stores · website · IPO 1972-08-25 · LEI

Walmart Inc. statistics & valuation

Market cap$963.2B
P / E44.0×
P / S1.4×
P / B9.1×
P / FCF64.5×
Dividend yield0.78%
Net margin3.1%
Return on equity20.7%
FCF margin2.1%
Net debt$27.4B
Net debt / EBITDA0.6×
Enterprise value USD$990.6B
EV / EBITDA22.5×
Earnings yield EBIT/EV3%
Return on capital16.8%
Graham number -75.5%$28.47

Market cap as of 2026-06-29. 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 ($28.47); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
2.80% 2.00% 1.30% 2.80% 2.40% 2.40% 1.90% 2.40% 2.90% 3.10% 2017201820192020202120222023202420252026
Gross margin (%)
2017201820192020202120222023202420252026
Operating margin (%)
4.70% 4.10% 4.30% 3.90% 4.00% 4.50% 3.30% 4.20% 4.30% 4.20% 2017201820192020202120222023202420252026
Return on equity (%)
16.90% 12.20% 8.40% 18.20% 15.40% 14.90% 13.90% 17.20% 20.00% 20.70% 2017201820192020202120222023202420252026
Shares outstanding
9.34B 9.03B 8.84B 8.60B 8.54B 8.41B 8.20B 8.11B 8.08B 8.02B 2017201820192020202120222023202420252026
Net debt ($)
$31.40B $27.03B $37.67B $39.61B $26.57B $22.91B $30.21B $29.71B $26.96B $27.44B 2017201820192020202120222023202420252026
Share buybacks ($)
2017201820192020202120222023202420252026
Return on assets (%)
6.90% 4.80% 3.00% 6.30% 5.40% 5.60% 4.80% 6.10% 7.50% 7.70% 2017201820192020202120222023202420252026
Free cash flow margin (%)
4.30% 3.70% 3.40% 2.80% 4.60% 1.90% 2.00% 2.30% 1.90% 2.10% 2017201820192020202120222023202420252026
Debt / equity (×)
0.48× 0.42× 0.57× 0.60× 0.51× 0.41× 0.46× 0.44× 0.37× 0.36× 2017201820192020202120222023202420252026
EPS ($)
$1.46 $1.09 $0.75 $1.73 $1.58 $1.62 $1.42 $1.91 $2.41 $2.73 2017201820192020202120222023202420252026

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

Walmart Inc. trades at about 42.5× earnings — above its 10-year norm (10-year range 16.2×–46.9×, median 30.7×).

16.2× 46.9×

Shaded band = 10-year range (16.2×–46.9×); dot = today's 42.5×.

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)

RatioFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Operating margin4.2%4.3%4.2%3.3%4.5%4.0%3.9%4.3%4.1%4.7%
Net margin3.1%2.9%2.4%1.9%2.4%2.4%2.8%1.3%2.0%2.8%
FCF margin2.1%1.9%2.3%2.0%1.9%4.6%2.8%3.4%3.7%4.3%
Return on assets7.7%7.5%6.1%4.8%5.6%5.4%6.3%3.0%4.8%6.9%
Return on equity20.7%20.0%17.2%13.9%14.9%15.4%18.2%8.4%12.2%16.9%
Debt / equity0.36×0.37×0.44×0.46×0.41×0.51×0.60×0.57×0.42×0.48×
Current ratio0.790.820.830.820.930.970.790.800.760.86

Computed from company filings · US · as of 2026-01-31. Facts plus Stocktoria's own computed scores — not investment advice.