Question 1

What is Walmart's P/S ratio?

Accepted Answer

Walmart (WMT) P/S ratio is 1.2× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month revenue, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/S ratio calculated?

Accepted Answer

P/S = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Revenue, or equivalently Share Price ÷ TTM Revenue Per Share. 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/S ratio?

Accepted Answer

The price-to-sales (P/S) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) revenue. It is calculated as market cap ÷ TTM revenue (equivalent to share price ÷ TTM revenue per share). Because the denominator (revenue) cannot be negative, P/S is widely used to value unprofitable or pre-profit companies and to make cross-sector comparisons.

Question 4

What is a good P/S ratio for Walmart?

Accepted Answer

A "good" P/S depends heavily on profit margin and growth: software and other high-margin businesses often command 5–15× sales, while low-margin retailers and commodity producers typically trade below 1×. Compare against sector peers rather than absolute thresholds. For Walmart specifically, the relevant sector benchmark is the current sector median of 1.4×.

Question 5

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

Accepted Answer

Walmart's P/S ratio of 1.2× is above its own 5-year average of 0.9× and below the sector median of 1.4×. That places the current reading at the 85th 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/S ratio range?

Accepted Answer

In the available daily series, Walmart (WMT) P/S ratio has ranged from a low of 0.4× in 2015 to a high of 1.5× in 2026. The 5-year average is 0.9× and the 5-year median is 0.7×.

Question 7

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

Accepted Answer

Walmart (WMT) P/S ratio at the end of 2026 was 1.3×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month revenue figure available at that date.

Question 8

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

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (revenue). 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	$713B	1.3×	+0.2×	Jan 31, 2026
2025	$788B	$681B	1.2×	+0.5×	Jan 31, 2025
2024	$444B	$648B	0.7×	+0.1×	Jan 31, 2024
2023	$388B	$611B	0.6×	-0.0×	Jan 31, 2023
2022	$387B	$573B	0.7×	-0.0×	Jan 31, 2022
2021	$394B	$559B	0.7×	+0.1×	Jan 31, 2021
2020	$325B	$524B	0.6×	+0.1×	Jan 31, 2020
2019	$277B	$514B	0.5×	-0.1×	Jan 31, 2019
2018	$315B	$500B	0.6×	+0.2×	Jan 31, 2018
2017	$205B	$486B	0.4×	-0.0×	Jan 31, 2017
2016	$215B	$482B	0.4×	-0.1×	Jan 31, 2016
2015	$275B	$486B	0.6×	+0.1×	Jan 31, 2015
2014	$242B	$476B	0.5×	+0.0×	Jan 31, 2014
2013	$234B	$469B	0.5×	+0.0×	Jan 31, 2013
2012	$210B	$447B	0.5×	-0.0×	Jan 31, 2012
2011	$199B	$422B	0.5×	-0.0×	Jan 31, 2011
2010	$204B	$408B	0.5×	+0.0×	Jan 31, 2010
2009	$185B	$405B	0.5×	-0.1×	Jan 31, 2009
2008	$201B	$379B	0.5×	-0.0×	Jan 31, 2008
2007	$197B	$349B	0.6×	-0.0×	Jan 31, 2007
2006	$192B	$314B	0.6×	-0.2×	Jan 31, 2006
2005	$222B	$288B	0.8×	-0.1×	Jan 31, 2005
2004	$231B	$259B	0.9×	+0.0×	Jan 31, 2004
2003	$210B	$243B	0.9×	—	Jan 31, 2003


Mondelez International (MDLZ)	1.9×
Clorox (CLX)	1.9×
Estée Lauder Companies (EL)	1.8×
McCormick & Company (MKC)	1.7×
Costco (COST)	1.5×
J. M. Smucker (SJM)	1.2×
Kraft Heinz (KHC)	1.0×
Lamb Weston (LW)	1.0×
General Mills (GIS)	1.0×
Hormel Foods (HRL)	1.0×
Dollar Tree (DLTR)	0.9×
Coca-Cola Europacific Partners (CCEP)	0.9×
Molson Coors Beverage (TAP)	0.7×
Campbell Soup (CPB)	0.6×
Dollar General (DG)	0.6×
Conagra Brands (CAG)	0.6×
Target (TGT)	0.5×
Sysco (SYY)	0.5×
Universal Corporation (UVV)	0.5×
Archer-Daniels-Midland (ADM)	0.4×
Tyson Foods (TSN)	0.4×
Bunge Global S.A. (BG)	0.3×
Kroger (KR)	0.3×
Performance Food Group (PFGC)	0.2×
Albertsons Companies (ACI)	0.1×

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

P/S Ratio daily chart for Walmart (WMT)

Historical P/S Ratio for Walmart (WMT) from 2003 to 2026

About P/S Ratio at Walmart (WMT)

Walmart P/S Ratio by Year

Walmart P/S Ratio 2026: 1.3×

Walmart P/S Ratio 2025: 1.2×

Walmart P/S Ratio 2024: 0.7×

Walmart P/S Ratio 2023: 0.6×

Walmart P/S Ratio 2022: 0.7×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

Walmart (WMT) Key Financials