Walmart Inc. (WMT)

NASDAQ: WMT · USD

$119

-0.56 (-0.5%)· Recorded snapshot

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StockMarketAgent Research · Analyzed 2026-09-09

Our latest published analysis: WMT rated Sell

Walmart Inc.'s published Sell conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.

Fair value

$75.7 / share

Potential value

$96.0 / share

Upside to FV

-28.7%

from $119

Moat

1/10

None

Read full analysis →View archive · 24mo

9-phase methodology · same model in each published edition

Market cap	$844.0B
Revenue (ttm)	735.8B
Net income (ttm)	22.1B
EPS (ttm)	$2.76
Shares out	7.9B
P/E (trailing)	43.0x
P/E (forward)	36.8x
Dividend	$0.99 (0.83%)
Volume	10,107,180
Beta	0.58

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 735.8B
Net income (ttm): 22.1B
EPS (ttm): $2.76
P/E (trailing): 43.0x
P/E (forward): 36.8x
Market cap: $844.0B

Item	P1	P2	P3	P4	P5	Trend
Period	2022-01-31	2023-01-31	2024-01-31	2025-01-31	2026-01-31	Trend
Revenue	$567.76B	$605.88B	$642.64B	$674.54B	$706.41B	+5.6%
Gross profit	$143.75B	$147.57B	$157.98B	$169.23B	$177.77B	+5.5%
Operating income	$25.94B	$20.43B	$27.01B	$29.35B	$29.83B	+3.5%
Net income	$13.67B	$11.68B	$15.51B	$19.44B	$21.89B	+12.5%
EPS (diluted)	$1.62	$1.42	$1.91	$2.41	$2.73	+13.9%
EBITDA	$31.35B	$30.09B	$36.38B	$42.01B	$46.47B	+10.3%
R&D	—	—	—	—	—	—
SG&A	$117.81B	$127.14B	$130.97B	$139.88B	$147.94B	+5.9%

Ticker	Name	Market cap	P/E	P/S	ROIC	5Y rev CAGR	1Y total return	Rating
AAPL	Apple Inc.	5T	39.4x	10.8x	101.6%	+6.1%	+28.5%	매도
ABNB	Airbnb, Inc.	97.8B	37.5x	7.4x	16.8%	+24.4%	+28.5%	매도
ADBE	Adobe Inc.	97.1B	13.9x	3.7x	57.2%	+11.5%	-30.7%	적극 매수
ADM	Archer-Daniels-Midland Company	37.3B	21.2x	0.5x	5.0%	+1.8%	+28.5%	비중 축소
BF.B	Brown-Forman Corporation Class B	12.7B	17.9x	3.3x	14.3%	+1.6%	+0.4%	매수
CAG	Conagra Brands, Inc.	6.6B	—	0.6x	9.2%	+0.2%	-18.9%	적극 매수

Base and Bull scenarios

Bull20%

Price target

$95.99

-9.5% from spot

This path would allow more operating cash to become free cash flow. It fades if investment intensity remains high through FY2029 or segment margins weaken.

The bull case assumes estimate delivery, stable segment margins and lower capital spending relative to depreciation and amortization. These are scenario conditions, not reported outcomes.

Base60%

Price target

$75.66

-28.7% from spot

This path depends on meeting the FY2028 revenue and earnings estimates while preserving Walmart U.S. operating profitability. It weakens if annual Walmart U.S. revenue growth stays below 3% or operating margin stays below 4.8% for two consecutive fiscal years. Either breach would reduce consolidated sales, profit, earnings per share and free cash flow.

The base case assumes the FY2028 revenue and earnings estimates are met and Walmart U.S. operating profitability stays near the FY2026 relationship between segment revenue and operating income.

Sensitivity: Ke × terminal growth

The highlighted cell is Fair value when every assumption sits at its base level ($75.66). Each row and column shows what Fair value becomes when one assumption moves.

Ke ↓ / g →	2.6%	3.1%	3.6%	4.1%	4.6%
5.7%	$97.5	$110	$130	$167	$261
6.7%	$78.7	$84.9	$93.2	$105	$124
7.7%	$67.7	$71.2	$75.7	$81.5	$89.3
8.7%	$60.3	$62.6	$65.3	$68.6	$72.8
9.7%	$55.1	$56.6	$58.4	$60.5	$63.0

Scorecard

Published factor rows and weighted composite

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/E36.8

P25 n/aP50 n/aP75 n/a

Trailing P/E38.4

P25 n/aP50 n/aP75 n/a

ROE22.3

P25 n/aP50 n/aP75 n/a

ROIC13.3

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All WMT indicators

Market & fundamental data

Available fields

288

Groups with data

Currency

USD

Showing 288 of 288 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	USD
CIK code	0000104169
Company name	Walmart Inc.
Country	United States
Country code	US
CUSIP number	931142103
Earnings date	2026-11-19
Earnings time	bmo
Employees	2,100,000
Employees change	0
Employees growth	0%
Enterprise value	$1T
Exchange	NASDAQ
Financial currency	USD
Financial report date	2026-07-31
First seen	2026-05-09
Fiscal year end	January
Founded	1945
In index	SP500, NASDAQ100, DOW30
Industry	Discount Stores
IPO date	1970-10-01
Is primary listing	Yes
Is SPAC	No
ISIN number	US9311421039
Last 10-K release date	2026-03-13
Last earnings date	2026-08-20
Last refreshed	2026-10-28
Last stock split date	2024-02-26
Last stock split type	Forward
Market cap	$942.2B
Market cap category	Mega-Cap
Next earnings date	2026-11-19
Options	Yes
Price	$118.76
Price currency	USD
Sector	Consumer Staples
SIC code	5331
Stock price date	2026-10-28
Symbol	WMT
U.S. state	Arkansas
Website	https://www.stock.walmart.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Adjusted P/E ratio	41.96x
Average P/E ratio (10Y)	32.09x
Average P/E ratio (3Y)	36.12x
Average P/E ratio (5Y)	35.76x
Earnings yield	2.32%
EV/Earnings	45.53x
EV/EBIT	34.69x
EV/EBITDA	22.81x
EV/FCF	74.41x
EV/Sales	1.37x
FCF / EV yield	1.34%
FCF yield	1.43%
Forward EV/Sales	1.31x
Forward P/E	39.53x
Forward P/S	1.22x
Graham number	27.71336
Graham upside	-76.65%
Industry forward P/E	36.27x
Industry P/E	38.52x
Lynch fair value	$47.04
Lynch upside	-60.37%
P/B ratio	9.65x
P/E ratio	43.04x
P/FCF ratio	69.71x
P/OCF ratio	21.94x
P/S ratio	1.28x
PEG ratio	3.72x
Price / tangible book value	13.46x
Price/EBITDA ratio	21.37x
Sector forward P/E	21.33x
Sector P/E	28.29x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	3.94%
EBITDA margin	5.99%
Effective tax rate	23.25%
FCF margin	1.84%
Gross margin	24.84%
Operating margin	3.94%
Pretax margin	3.98%
Profit margin	3%
Profit per employee	$10,512
Profitable quarters	15
Profitable years	34
Revenue per employee	$350,400
ROA	6.41%
ROA (5Y)	6.72%
ROCE	16.25%
ROE	22.31%
ROE (5Y)	18.06%
ROIC	13.31%
ROIC (5Y)	14.06%
Tax / revenue	0.93%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth	4.16%
EPS growth (Q)	-9.09%
EPS growth (QoQ)	19.61%
EPS growth 10Y	5.95%
EPS growth 3Y	16.92%
EPS growth 5Y	18.44%
EPS growth years	3
FCF growth	-1.77%
FCF growth (Q)	14.68%
FCF growth 3Y	-11.09%
FCF growth 5Y	-5.4%
Gross profit growth	5.9%
Gross profit growth (Q)	3.59%
Gross profit growth 3Y	6.19%
Gross profit growth 5Y	5.16%
Net income growth	3.43%
Net income growth (Q)	-9.39%
Net income growth (QoQ)	19.44%
Net income growth 3Y	16.28%
Net income growth 5Y	17.04%
Net income growth years	3
OCF growth	11.67%
OCF growth (Q)	15.69%
OCF growth (QoQ)	216%
OCF growth 10Y	2.91%
OCF growth 3Y	4.33%
OCF growth 5Y	7.76%
Operating income growth	-1.39%
Operating income growth (Q)	-15.65%
Operating income growth 3Y	3.8%
Operating income growth 5Y	-0.37%
Revenue growth	6.16%
Revenue growth (Q)	5.94%
Revenue growth (QoQ)	5.73%
Revenue growth 10Y	4.28%
Revenue growth 3Y	5.27%
Revenue growth 5Y	5.38%
Revenue growth quarters	42
Revenue growth years	10

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	$-29.4B
Depreciation and amortization	$15.1B
EBIT	$29B
EBITDA	$44.1B
EPS	$2.76
FCF per share	$1.70
Financing cash flow	$-11.4B
Free cash flow	$13.5B
Gross profit	$182.8B
Income taxes	$6.8B
Investing cash flow	$-29.4B
Net borrowing	$6.9B
Net cash flow	$2.1B
Net income	$22.1B
Operating income	$29B
Revenue	$735.8B

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Altman Z-Score	6.11
Book value per share	$12.37
Debt / EBITDA	1.57
Debt / equity	0.72
Debt / FCF	5.56
Goodwill	$28.3B
Interest coverage	12.31
Long-term assets	$205.2B
Long-term liabilities	$73.5B
Net cash (debt)	$-63.6B
Net cash / market cap	-6.75%
Net debt / EBITDA	1.44
Net debt / equity	0.61
Net debt / FCF	4.71
Piotroski F-Score	4
Property, plant and equipment	$164.3B
Shareholders' equity	$104.8B
Tangible book value	$70B
Tangible book value per share	$8.81
Total assets	$293.9B
Total cash	$11.5B
Total debt	$75.1B
Total liabilities	$189.1B
WACC	7.06%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	2.61
Current assets	$88.7B
Current liabilities	$115.6B
Current ratio	0.77
Inventory turnover	9.27
Net working capital	$-21.9B
Quick ratio	0.2
Working capital	$-26.9B
Working capital turnover	-30.37

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	0.7%
Dividend growth	5.32%
Dividend growth (10Y)	4.03%
Dividend growth (3Y)	9.21%
Dividend growth (5Y)	6.19%
Dividend growth years	53
Dividend payment date	2027-01-04
Dividend payment years	54
Dividend payout frequency	Quarterly
Dividend per share	$0.99
Dividend yield	0.83%
Ex-dividend date	2026-12-11
FCF payout ratio	58.14%
Last dividend	$0.25
Payout ratio	35.87%
Shareholder yield	1.54%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
10Y price change	409.86%
10Y return CAGR	19.68%
10Y total return	502.52%
150-day SMA	$116.66
15Y price change	515.88%
15Y return CAGR	15.13%
15Y total return	727.59%
1D price change	-0.47%
1M price change	9.91%
1M total return	9.91%
1W price change	0.7%
1W total return	0.7%
1Y price change	13.6%
1Y return CAGR	14.57%
1Y total return	14.56%
20-day SMA	$114.14
200-day SMA	$118.49
20Y price change	601.83%
20Y return CAGR	12.46%
20Y total return	947.33%
3M price change	6.21%
3M total return	6.47%
3Y price change	120.91%
3Y return CAGR	31.6%
3Y total return	127.97%
50-day SMA	$109.70
50-day SMA vs 200-day SMA	50under200
52-week high	$135.16
52-week high date	2026-05-19
52-week low	$98.88
52-week low date	2025-11-14
5Y price change	141.33%
5Y return CAGR	20.77%
5Y total return	156.9%
6M price change	-6.98%
6M total return	-6.58%
After-hours change	0.06%
After-hours close	$118.76
After-hours price	$118.83
All-time high	$135.16
All-time high date	2026-05-19
All-time low	$0.00
All-time low date	1974-12-11
Average true range (ATR)	$2.31
Average volume	19.7M
Beta (1Y)	0.02
Beta (2Y)	0.53
Beta (5Y)	0.58
Change from 52-week high	-12.13%
Change from 52-week low	20.11%
Change from all-time high	-12.19%
Change from all-time low	2,472,400%
Change from open	0.28%
Day's gap	-0.75%
Dollar volume	$1.2B
High price	$119.26
Low price	$118.12
Monthly RSI	62.14
Open price	$118.43
Position in 52-week range	56.14%
Premarket change	-0.9%
Premarket close	$119.32
Premarket price	$118.25
Premarket volume	65.4K
Previous close	$119.32
Price vs 150-day SMA	1.73%
Price vs 20-day SMA	3.98%
Price vs 200-day SMA	0.16%
Price vs 50-day SMA	8.19%
Relative volume	0.51
RSI	63.86
Sharpe ratio	0.5
Sharpe ratio (3Y)	1.13
Sharpe ratio (5Y)	0.78
Sortino ratio	0.91
Sortino ratio (3Y)	1.91
Sortino ratio (5Y)	1.36
Volume	10.1M
Weekly RSI	55.56
YTD price change	6.53%
YTD total return	7.2%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	4.9B
Float percentage	61.13%
Shares change (QoQ)	-0.26%
Shares change (YoY)	-0.7%
Shares held by insiders	0.96%
Shares held by institutions	44.21%
Shares outstanding	7.9B
Short % of float	1.55%
Short % of shares	0.95%
Short ratio	3.5 days

Other indicators

Additional ticker metrics that do not fit the primary research groupings.

Metric	Value
Page views	765

Deeper analysis on WMT

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

→

Risks

Kill scenarios, soft-pass flags, and downside catalysts.

→

Earnings

Next earnings setup and beat / inline / miss thresholds.

→

Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

→

Financials

Revenue, margins, cash flow, and balance-sheet context.

→

Peers

Relative valuation and profitability against the cohort.

→

Moat

Economic-profit evidence and competitive advantage risk.

→

Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Quote this valuation with its source: Fair value, Potential value and the price at analysis.

Frequently asked questions

About this WMT report

What is the latest published WMT stock rating?

Walmart Inc. is shown with Sell in the latest published report, analyzed 2026-09-09. The hub links directly to the full analysis surface where the dated rating, fair-value bridge, risks, and scorecard are documented together.

Where can I read the full WMT analysis?

The full latest published report, analyzed 2026-09-09, lives at /stocks/WMT/analysis. The bare ticker page summarizes that read and links to each analysis tab; earlier editions remain under /analysis/archive.

What fair value is used for WMT?

The latest published report analyzed 2026-09-09 gives WMT a fair value of USD 76 and a potential value of USD 96. These are dated research outputs, not live market prices; review the valuation assumptions, sensitivity analysis, and material risks before making a decision.

How often is the WMT page updated?

The hub selects the latest published stock report regardless of age and displays its analysis date (2026-09-09). Separately sourced market data is labeled with its own recorded timestamp and is never inferred from the report.

SellWMT · Fair value $75.7-28.7%

Read full analysis →

Walmart Inc. (WMT)

Our latest published analysis: WMT rated Sell

Price

Financial snapshot

Fair-value bridge

Latest news · WMT

Valuation

Profitability

Balance sheet

Trading

Base and Bull scenarios

Sensitivity: Ke × terminal growth

Scorecard

Next earnings

Sector percentile context

All WMT indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Other indicators

Deeper analysis on WMT

Frequently asked questions

등급 이력

Category	Score	Reading
Valuation	1.5
Management	6.5
Balance Sheet	4.0
Profitability	6.0
Revenue Growth	6.0
Risk Assessment	6.0
Competitive Moat	1.0
Earnings Quality	7.5
Capital Efficiency	6.5