Question 1

What is Walmart's P/E ratio?

Accepted Answer

Walmart (WMT) P/E ratio is 41.2× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

What is a good P/E ratio for Walmart?

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For Walmart specifically, the relevant sector benchmark is the current sector median of 22.9×.

Question 5

Is Walmart's P/E ratio high or low?

Accepted Answer

Walmart's P/E ratio of 41.2× is above its own 5-year average of 35.7× and above the sector median of 22.9×. That places the current reading at the 74th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Walmart's historical P/E ratio range?

Accepted Answer

In the available daily series, Walmart (WMT) P/E ratio has ranged from a low of 10.9× in 2011 to a high of 56.9× in 2018. The 5-year average is 35.7× and the 5-year median is 35.4×.

Question 7

What was Walmart's P/E ratio in 2026?

Accepted Answer

Walmart (WMT) P/E ratio at the end of 2026 was 43.4×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

Why does Walmart's P/E ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2026	$949.66B	$21.89B	43.4×	+2.8×	Jan 31, 2026
2025	$788.13B	$19.44B	40.5×	+11.9×	Jan 31, 2025
2024	$444.50B	$15.51B	28.7×	-4.6×	Jan 31, 2024
2023	$387.90B	$11.68B	33.2×	+4.9×	Jan 31, 2023
2022	$387.11B	$13.67B	28.3×	-0.8×	Jan 31, 2022
2021	$393.55B	$13.51B	29.1×	+7.3×	Jan 31, 2021
2020	$324.67B	$14.88B	21.8×	-19.8×	Jan 31, 2020
2019	$277.49B	$6.67B	41.6×	+9.6×	Jan 31, 2019
2018	$315.40B	$9.86B	32.0×	+17.0×	Jan 31, 2018
2017	$204.59B	$13.64B	15.0×	+0.4×	Jan 31, 2017
2016	$215.06B	$14.69B	14.6×	-2.1×	Jan 31, 2016
2015	$274.52B	$16.36B	16.8×	+1.7×	Jan 31, 2015
2014	$241.93B	$16.02B	15.1×	+1.4×	Jan 31, 2014
2013	$233.67B	$17.00B	13.7×	+0.4×	Jan 31, 2013
2012	$210.19B	$15.70B	13.4×	+1.2×	Jan 31, 2012
2011	$198.99B	$16.39B	12.1×	-2.1×	Jan 31, 2011
2010	$203.53B	$14.27B	14.3×	+0.5×	Jan 31, 2010
2009	$184.94B	$13.40B	13.8×	-2.0×	Jan 31, 2009
2008	$200.74B	$12.73B	15.8×	-1.7×	Jan 31, 2008
2007	$196.62B	$11.28B	17.4×	+0.3×	Jan 31, 2007
2006	$192.14B	$11.23B	17.1×	-4.5×	Jan 31, 2006
2005	$221.59B	$10.27B	21.6×	-4.0×	Jan 31, 2005
2004	$231.23B	$9.05B	25.5×	-0.7×	Jan 31, 2004
2003	$209.61B	$7.98B	26.3×	-13.7×	Jan 31, 2003
2002	$266.99B	$6.67B	40.0×	—	Jan 31, 2002


Church & Dwight Co. (CHD)	30.1×
Mondelez International (MDLZ)	28.5×
Hormel Foods (HRL)	25.3×
Coca-Cola (KO)	24.1×
PepsiCo (PEP)	23.5×
Philip Morris International (PM)	23.3×
Sysco (SYY)	22.6×
Lamb Weston (LW)	21.9×
Marzetti (MZTI)	21.5×
Procter & Gamble (PG)	20.9×
Kenvue (KVUE)	20.4×
Keurig Dr Pepper (KDP)	19.5×
Andersons (ANDE)	19.0×
Target (TGT)	17.0×
Clorox (CLX)	16.6×
Brown-Forman (BF-B)	16.5×
Constellation Brands (STZ)	16.2×
Dollar General (DG)	16.1×
Kimberly-Clark (KMB)	15.1×
Campbell Soup (CPB)	14.9×
Dollar Tree (DLTR)	14.5×
Altria Group (MO)	13.7×
McCormick & Company (MKC)	11.6×
General Mills (GIS)	11.1×
Coca-Cola Europacific Partners (CCEP)	10.9×

P/E Ratio for Walmart (WMT)

P/E Ratio daily chart for Walmart (WMT)

Historical P/E Ratio for Walmart (WMT) from 2002 to 2026

About P/E Ratio at Walmart (WMT)

Walmart P/E Ratio by Year

Walmart P/E Ratio 2026: 43.4×

Walmart P/E Ratio 2025: 40.5×

Walmart P/E Ratio 2024: 28.7×

Walmart P/E Ratio 2023: 33.2×

Walmart P/E Ratio 2022: 28.3×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

Walmart (WMT) Key Financials

P/E Ratio daily chart for Walmart (WMT)

Historical P/E Ratio for Walmart (WMT) from 2002 to 2026

About P/E Ratio at Walmart (WMT)

Walmart P/E Ratio by Year

Walmart P/E Ratio 2026: 43.4×

Walmart P/E Ratio 2025: 40.5×

Walmart P/E Ratio 2024: 28.7×

Walmart P/E Ratio 2023: 33.2×

Walmart P/E Ratio 2022: 28.3×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

+What is Walmart's P/E ratio?

+How is the P/E ratio calculated?

+What is the P/E ratio?

+What is a good P/E ratio for Walmart?

+Is Walmart's P/E ratio high or low?

+What is Walmart's historical P/E ratio range?

+What was Walmart's P/E ratio in 2026?

+Why does Walmart's P/E ratio change over time?

Walmart (WMT) Key Financials