Walmart Inc (WMT) valuation
Walmart P/E ratio history
Walmart trades at 44.8 times its earnings over the last twelve months and 40.4 times the earnings analysts expect over the next twelve. At its last 10 fiscal year ends its P/E ranged from 15.2 (year to Jan 2017) to 43.6 (year to Jan 2026), with a median of 31.1.
| Fiscal year ended | Price | EPS | P/E | Forward P/E |
|---|---|---|---|---|
| Jan 31, 2026 | $119.14 | $2.73 | 43.6 | 41.3 |
| Jan 31, 2025 | $98.16 | $2.41 | 40.7 | 36.5 |
| Jan 31, 2024 | $55.08 | $1.91 | 28.8 | 25.9 |
| Jan 31, 2023 | $47.96 | $1.42 | 33.8 | 22.4 |
| Jan 31, 2022 | $46.60 | $1.62 | 28.8 | 21.1 |
| Jan 31, 2021 | $46.83 | $1.58 | 29.6 | — |
| Jan 31, 2020 | $38.16 | $1.73 | 22.1 | — |
| Jan 31, 2019 | $31.94 | $0.76 | 42.0 | — |
| Jan 31, 2018 | $35.53 | $1.09 | 32.6 | — |
| Jan 31, 2017 | $22.25 | $1.46 | 15.2 | — |
n/m: not meaningful (a loss, or earnings close to zero). The daily P/E line is a chart indicator in the app.
Walmart valuation against its peers
| Company | Market value | P/E | Forward P/E | Price / sales |
|---|---|---|---|---|
| WalmartWMT | $983B | 44.8 | 40.4 | 1.3 |
| Costco WholesaleCOST | $449B | 48.8 | 44.4 | 1.5 |
| TJX CompaniesTJX | $155B | 26.0 | 25.5 | 2.5 |
| Ross StoresROST | $73.2B | 27.6 | 26.6 | 3.0 |
| TargetTGT | $70.1B | 16.0 | 15.6 | 0.7 |
| Dollar GeneralDG | $29.2B | 17.2 | 16.3 | 0.7 |
| Dollar TreeDLTR | $25.7B | 16.4 | 16.9 | 1.3 |
| Peer median | 21.6 | 21.2 | 1.4 |
Reading these multiples
The P/E divides the share price by earnings per share over the last twelve months; the forward P/E divides it by the earnings analysts expect over the next twelve. Price to sales compares the company's market value with its revenue over the last twelve months. A multiple reads differently from one industry to the next, so the peer group above is the fairer comparison.
See also: WMT financials · WMT returns
No forecast, no recommendation. This page describes Walmart Inc from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.