Walmart Inc. (WMT) Key Metrics
WMT valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $945.50B
- Enterprise value
- $939.14B
- P/E (TTM)
- 43.0 10-yr median 31.1
- Forward P/E
- 38.0
- PEG ratio
- 4.22
- Price / sales
- 1.3 10-yr median 0.7
- Price / book
- 8.9 10-yr median 4.4
- EV / EBITDA
- 20.1 10-yr median 13.6
- Dividend yield
- 0.83% $0.99 a year
- Beta
- 0.58
WMT key metrics, FY2017–FY2026
Fiscal year ended January 31, 2026 · U.S. dollarsWMT valuation Price multiples at each fiscal year-end price.
WMT returns How much profit the business earns on the capital it uses.
WMT per-share figures Results divided by the shares outstanding at year-end.
WMT financial health Debt, liquidity and how easily interest is covered.
WMT efficiency & capital use Working capital cycle and where the cash goes.
WMT valuation history
WMT returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
WMT debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
WMT cash returned to shareholders
WMT price vs earnings per share
WMT key metrics
FY2017–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $955.74B | $793.23B | $446.67B | $393.34B | $392.17B | $399.98B | $328.36B | $282.22B | $320.87B | $207.70B |
| Enterprise value | $1.01T | $844.31B | $497.25B | $443.38B | $434.73B | $445.48B | $391.33B | $332.53B | $360.60B | $246.77B |
| P/E ratio | 43.7 | 40.8 | 28.8 | 33.7 | 28.7 | 29.6 | 22.1 | 42.3 | 32.5 | 15.2 |
| Price / sales | 1.3 | 1.2 | 0.7 | 0.6 | 0.7 | 0.7 | 0.6 | 0.5 | 0.6 | 0.4 |
| Price / book | 9.6 | 8.7 | 4.9 | 4.7 | 4.3 | 4.6 | 4.0 | 3.5 | 4.0 | 2.6 |
| Price / free cash flow | 64.0 | 62.7 | 29.5 | 32.1 | 35.4 | 15.5 | 22.6 | 16.2 | 17.5 | 9.9 |
| Price / operating cash flow | 23.0 | 21.8 | 12.5 | 13.5 | 16.2 | 11.1 | 13.0 | 10.2 | 11.3 | 6.6 |
| EV / sales | 1.4 | 1.2 | 0.8 | 0.7 | 0.8 | 0.8 | 0.7 | 0.6 | 0.7 | 0.5 |
| EV / EBITDA | 21.8 | 20.1 | 13.7 | 14.7 | 13.9 | 13.1 | 11.6 | 13.6 | 12.9 | 7.5 |
| EV / free cash flow | 67.8 | 66.7 | 32.9 | 36.2 | 39.3 | 17.3 | 26.9 | 19.1 | 19.7 | 11.8 |
| Earnings yield | 2.3% | 2.5% | 3.5% | 3.0% | 3.5% | 3.4% | 4.5% | 2.4% | 3.1% | 6.6% |
| Free cash flow yield | 1.6% | 1.6% | 3.4% | 3.1% | 2.8% | 6.5% | 4.4% | 6.2% | 5.7% | 10.1% |
| Dividend yield | 0.8% | 0.8% | 1.4% | 1.6% | 1.6% | 1.5% | 1.8% | 2.2% | 1.9% | 3.0% |
| Shareholder yield (dividends + buybacks) | 1.6% | 1.4% | 2.0% | 4.1% | 4.1% | 2.2% | 3.6% | 4.8% | 4.5% | 7.0% |
| Share price at fiscal year-end | $119.14 | $98.16 | $55.08 | $47.96 | $46.60 | $46.83 | $38.16 | $31.94 | $35.53 | $22.25 |
| Per share | ||||||||||
| Revenue per share | $88.90 | $84.27 | $79.93 | $74.53 | $68.06 | $65.47 | $60.90 | $58.22 | $55.41 | $52.04 |
| Earnings per share | $2.73 | $2.41 | $1.91 | $1.42 | $1.62 | $1.58 | $1.73 | $0.75 | $1.09 | $1.46 |
| Operating cash flow per share | $5.18 | $4.51 | $4.41 | $3.55 | $2.87 | $4.22 | $2.94 | $3.14 | $3.14 | $3.39 |
| Free cash flow per share | $1.86 | $1.57 | $1.86 | $1.49 | $1.32 | $3.02 | $1.69 | $1.97 | $2.03 | $2.24 |
| Cash per share | $1.34 | $1.12 | $1.22 | $1.08 | $1.75 | $2.08 | $1.10 | $0.87 | $0.75 | $0.74 |
| Book value per share | $12.42 | $11.26 | $11.17 | $10.24 | $10.92 | $10.25 | $9.48 | $9.01 | $8.95 | $8.63 |
| Tangible book value per share | $8.84 | $7.14 | $7.20 | $6.28 | $6.90 | $6.28 | $5.26 | $4.83 | $4.91 | $4.98 |
| Dividends per share | $0.94 | $0.83 | $0.76 | $0.75 | $0.73 | $0.72 | $0.70 | $0.69 | $0.68 | $0.67 |
| Capex per share | $3.32 | $2.94 | $2.54 | $2.06 | $1.56 | $1.20 | $1.24 | $1.17 | $1.11 | $1.14 |
| Debt per share | $8.36 | $7.44 | $7.45 | $7.18 | $6.81 | $7.40 | $8.42 | $6.57 | $5.15 | $4.92 |
| Shares outstanding | 8.02B | 8.08B | 8.11B | 8.20B | 8.41B | 8.54B | 8.60B | 8.84B | 9.03B | 9.34B |
| Change in shares outstanding | −0.7% | −0.3% | −1.1% | −2.5% | −1.5% | −0.7% | −2.6% | −2.2% | −3.3% | −3.3% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 23.0% | 21.4% | 17.8% | 13.3% | 15.2% | 16.0% | 18.5% | 8.3% | 12.2% | 16.6% |
| Return on invested capital (ROIC) | 15.1% | 15.9% | 14.6% | 10.1% | 14.5% | 10.8% | 11.3% | 11.0% | 11.8% | 13.0% |
| Return on assets (ROA) | 8.0% | 7.6% | 6.3% | 4.8% | 5.5% | 5.5% | 6.5% | 3.1% | 4.9% | 6.8% |
| Return on tangible assets | 8.6% | 8.5% | 7.0% | 5.5% | 6.5% | 6.2% | 7.4% | 3.7% | 5.9% | 8.3% |
| Free cash flow margin | 2.1% | 1.9% | 2.3% | 2.0% | 1.9% | 4.6% | 2.8% | 3.4% | 3.7% | 4.3% |
| Income quality (OCF / net income) | 1.90 | 1.88 | 2.30 | 2.49 | 1.77 | 2.67 | 1.70 | 4.16 | 2.87 | 2.32 |
| Financial health | ||||||||||
| Total debt | $67.09B | $60.11B | $60.44B | $58.92B | $57.32B | $63.25B | $72.43B | $58.03B | $46.49B | $45.94B |
| Cash & short-term investments | $10.73B | $9.04B | $9.87B | $8.88B | $14.76B | $17.74B | $9.46B | $7.72B | $6.76B | $6.87B |
| Net debt | $56.37B | $51.08B | $50.58B | $50.04B | $42.56B | $45.51B | $62.97B | $50.31B | $39.73B | $39.07B |
| Debt / equity | 0.67 | 0.66 | 0.67 | 0.70 | 0.62 | 0.72 | 0.89 | 0.73 | 0.58 | 0.57 |
| Debt / assets | 0.24 | 0.23 | 0.24 | 0.24 | 0.23 | 0.25 | 0.31 | 0.26 | 0.23 | 0.23 |
| Net debt / EBITDA | 1.21 | 1.22 | 1.39 | 1.66 | 1.36 | 1.34 | 1.87 | 2.05 | 1.42 | 1.19 |
| Current ratio | 0.79 | 0.82 | 0.83 | 0.82 | 0.93 | 0.97 | 0.79 | 0.80 | 0.76 | 0.86 |
| Quick ratio | 0.24 | 0.24 | 0.24 | 0.21 | 0.28 | 0.49 | 0.22 | 0.23 | 0.20 | 0.22 |
| Interest coverage | 10.7 | 10.8 | 10.1 | 9.6 | 13.0 | 9.7 | 7.9 | 9.4 | 8.8 | 9.6 |
| Working capital | −$22.59B | −$17.13B | −$15.54B | −$16.54B | −$6.31B | −$2.58B | −$15.98B | −$15.58B | −$18.86B | −$9.24B |
| Invested capital | $155.99B | $142.09B | $141.15B | $134.03B | $134.45B | $133.04B | $144.52B | $129.94B | $120.55B | $119.61B |
| Tangible asset value | $77.44B | $64.40B | $58.36B | $51.52B | $58.08B | $53.65B | $45.28B | $42.65B | $44.34B | $46.46B |
| Net current asset value | −$93.61B | −$83.67B | −$84.95B | −$83.55B | −$71.90B | −$74.90B | −$93.14B | −$77.76B | −$64.04B | −$60.60B |
| Graham number | $27.61 | $24.69 | $21.92 | $18.11 | $19.98 | $19.10 | $19.21 | $12.37 | $14.83 | $16.84 |
| Graham net-net per share | −$16.20 | −$14.65 | −$14.54 | −$14.18 | −$12.33 | −$14.03 | −$13.78 | −$11.89 | −$10.06 | −$9.16 |
| Capital allocation | ||||||||||
| Dividends paid | $7.51B | $6.69B | $6.14B | $6.11B | $6.15B | $6.12B | $6.05B | $6.10B | $6.12B | $6.22B |
| Share buybacks (net) | $8.09B | $4.49B | $2.78B | $9.92B | $9.79B | $2.62B | $5.72B | $7.41B | $8.30B | $8.30B |
| Dividend payout ratio | 34.3% | 34.4% | 39.6% | 52.3% | 45.0% | 45.3% | 40.6% | 91.5% | 62.1% | 45.6% |
| Dividends + buybacks / free cash flow | 104.5% | 88.3% | 59.0% | 131.0% | 143.9% | 33.9% | 80.9% | 77.6% | 78.9% | 69.4% |
| Capex / revenue | 3.7% | 3.5% | 3.2% | 2.8% | 2.3% | 1.8% | 2.0% | 2.0% | 2.0% | 2.2% |
| Capex / operating cash flow | 64.1% | 65.3% | 57.7% | 57.9% | 54.2% | 28.5% | 42.4% | 37.3% | 35.5% | 33.5% |
| Capex / depreciation | 1.88 | 1.83 | 1.74 | 1.54 | 1.23 | 0.92 | 0.97 | 0.97 | 0.95 | 1.05 |
| Stock-based compensation / revenue | — | — | 0.3% | 0.3% | 0.2% | 0.2% | 0.2% | 0.2% | 0.1% | 0.1% |
| SG&A / revenue | 20.7% | 20.5% | 20.2% | 20.8% | 20.6% | 20.8% | 20.8% | 20.8% | 21.3% | 21.0% |
| Efficiency | ||||||||||
| Days sales outstanding | 5.4 | 5.0 | 4.7 | 4.8 | 4.7 | 4.2 | 4.4 | 4.2 | 4.2 | 4.3 |
| Days of inventory on hand | 39.3 | 39.7 | 41.5 | 44.5 | 43.2 | 38.8 | 41.0 | 41.7 | 42.4 | 44.2 |
| Days payables outstanding | 41.5 | 41.2 | 41.3 | 43.0 | 44.4 | 41.7 | 43.5 | 44.1 | 42.8 | 40.4 |
| Cash conversion cycle (days) | 3.2 | 3.6 | 5.0 | 6.3 | 3.5 | 1.3 | 1.9 | 1.8 | 3.8 | 8.1 |
| Receivables turnover | 67.45 | 72.56 | 77.49 | 75.41 | 77.42 | 87.37 | 83.39 | 86.48 | 87.40 | 84.80 |
| Payables turnover | 8.80 | 8.86 | 8.85 | 8.49 | 8.22 | 8.75 | 8.39 | 8.27 | 8.53 | 9.04 |
| Inventory turnover | 9.29 | 9.19 | 8.79 | 8.20 | 8.46 | 9.40 | 8.90 | 8.75 | 8.60 | 8.26 |
| Asset turnover | 2.61 | 2.65 | 2.61 | 2.50 | 2.30 | 2.29 | 2.30 | 2.43 | 2.48 | 2.44 |
| Average receivables | $10.57B | $9.39B | $8.36B | $8.11B | $7.40B | $6.40B | $6.28B | $5.95B | $5.72B | $5.73B |
| Average payables | $60.86B | $57.74B | $55.41B | $54.63B | $52.20B | $48.06B | $47.02B | $46.58B | $43.76B | $39.96B |
| Average inventory | $57.64B | $55.66B | $55.73B | $56.54B | $50.73B | $44.69B | $44.35B | $44.03B | $43.41B | $43.76B |
| Intangibles / total assets | 10.1% | 12.8% | 12.8% | 13.3% | 13.8% | 13.4% | 15.3% | 16.9% | 17.8% | 17.1% |
Computed from WMT's annual financial statements (latest annual report filed March 13, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
WMT valuation and financial ratios
At the end of fiscal 2026 (January 31, 2026), Walmart traded at 43.7 times earnings, against a 10-year median of 31.1. Based on the latest twelve months, the trailing P/E is 43.0 and the forward P/E is 38.0. Walmart earned a return on equity of 23.0% and a return on invested capital of 15.1% in fiscal 2026. It ended the year with $67.1 billion of debt and $10.7 billion in cash and short-term investments, net debt of $56.4 billion. It returned $15.6 billion to shareholders: $7.5 billion in dividends and $8.1 billion in share buybacks, 105% of free cash flow. The share count fell 14.1% from 9.34B to 8.02B over 9 years.
See the WMT income statement, the WMT chart for price history, or the WMT stock overview for the latest quote and news.
WMT key metrics FAQ
What is Walmart's P/E ratio?
Walmart's trailing P/E ratio is 43.0 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 38.0. At the end of fiscal 2026 it was 43.7, compared with a 10-year median of 31.1.
What is Walmart's EV/EBITDA?
Walmart's enterprise value was 21.8 times EBITDA at the end of fiscal 2026 (enterprise value $1.01 trillion, EBITDA $46.5 billion); the current EV/EBITDA is 20.1.
What is Walmart's return on equity?
Walmart's return on equity (ROE) was 23.0% in fiscal 2026: net income of $21.9 billion on average shareholders' equity of $95.3 billion.
What is Walmart's ROIC?
Walmart's return on invested capital was 15.1% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Walmart have?
Walmart had total debt of $67.1 billion at the end of fiscal 2026, a debt-to-equity ratio of 0.67 and $56.4 billion of net debt (1.21 times EBITDA).
What is Walmart's dividend yield?
Walmart's forward dividend yield is 0.83%. Walmart paid $7.5 billion in dividends in fiscal 2026 ($0.94 per share), a payout ratio of 34.3%.
Does Walmart buy back its shares?
Yes. Walmart spent $8.1 billion on net share repurchases in fiscal 2026 Shares outstanding changed −0.7% over the year, to 8.02B..
What is Walmart's free cash flow yield?
Walmart generated $14.9 billion of free cash flow in fiscal 2026, a free cash flow yield of 1.6% on its market value at year-end ($955.7 billion).
What is Walmart's current ratio?
Walmart's current ratio was 0.79 at the end of fiscal 2026: current assets were 0.79 times current liabilities.