Question 1

What is Walmart's P/E ratio?

Accepted Answer

Walmart (WMT) P/E ratio is 38.5× as of July 22, 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 22.6×.

Question 5

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

Accepted Answer

Walmart's P/E ratio of 38.5× is above its own 5-year average of 35.7× and above the sector median of 22.6×. That places the current reading at the 55th 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	$950B	$21.9B	43.4×	+2.8×	Jan 31, 2026
2025	$788B	$19.4B	40.5×	+11.9×	Jan 31, 2025
2024	$444B	$15.5B	28.7×	-4.6×	Jan 31, 2024
2023	$388B	$11.7B	33.2×	+4.9×	Jan 31, 2023
2022	$387B	$13.7B	28.3×	-0.8×	Jan 31, 2022
2021	$394B	$13.5B	29.1×	+7.3×	Jan 31, 2021
2020	$325B	$14.9B	21.8×	-19.8×	Jan 31, 2020
2019	$277B	$6.67B	41.6×	+9.6×	Jan 31, 2019
2018	$315B	$9.86B	32.0×	+17.0×	Jan 31, 2018
2017	$205B	$13.6B	15.0×	+0.4×	Jan 31, 2017
2016	$215B	$14.7B	14.6×	-2.1×	Jan 31, 2016
2015	$275B	$16.4B	16.8×	+1.7×	Jan 31, 2015
2014	$242B	$16B	15.1×	+1.4×	Jan 31, 2014
2013	$234B	$17B	13.7×	+0.4×	Jan 31, 2013
2012	$210B	$15.7B	13.4×	+1.2×	Jan 31, 2012
2011	$199B	$16.4B	12.1×	-2.1×	Jan 31, 2011
2010	$204B	$14.3B	14.3×	+0.5×	Jan 31, 2010
2009	$185B	$13.4B	13.8×	-2.0×	Jan 31, 2009
2008	$201B	$12.7B	15.8×	-1.7×	Jan 31, 2008
2007	$197B	$11.3B	17.4×	+0.3×	Jan 31, 2007
2006	$192B	$11.2B	17.1×	-4.5×	Jan 31, 2006
2005	$222B	$10.3B	21.6×	-4.0×	Jan 31, 2005
2004	$231B	$9.05B	25.5×	-0.7×	Jan 31, 2004
2003	$210B	$7.98B	26.3×	—	Jan 31, 2003


Colgate-Palmolive (CL)	32.8×
Archer-Daniels-Midland (ADM)	32.5×
Tootsie Roll Industries (TR)	32.2×
Church & Dwight Co. (CHD)	30.1×
Mondelez International (MDLZ)	28.5×
Hormel Foods (HRL)	25.3×
Coca-Cola (KO)	24.1×
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×
PepsiCo (PEP)	18.8×
Target (TGT)	17.0×
Clorox (CLX)	16.6×
Brown-Forman (BF-B)	16.5×
Dollar General (DG)	16.1×
Kimberly-Clark (KMB)	15.1×
Dollar Tree (DLTR)	14.5×
Altria Group (MO)	13.7×
Constellation Brands (STZ)	12.9×
Coca-Cola Europacific Partners (CCEP)	10.9×
Campbell Soup (CPB)	10.0×
McCormick & Company (MKC)	7.7×

P/E Ratio for Walmart (WMT) 2003-2026

P/E Ratio daily chart for Walmart (WMT)

Historical P/E Ratio for Walmart (WMT) from 2003 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