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WMT

Walmart Inc.

US$104.81-1.87% (-US$1.99)
Day's range
US$103.92 – US$107.03
Day's volume
US$2.9bn
52-week range
US$99.77 – US$133.88

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WMT in numbers

Market cap
US$824.5bn
P/E
37.67
P/B
8.46
Dividend yield (12m)
0.93%
Net debt/EBITDA
0.82

The 12-month dividend yield of WMT is 0.93%, below its 5-year average of 1.25%.

WMT price history

01/10/202501/10/2026
Compare with

WMT risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return+3.57%+96.89%+122.11%
Volatility (annualised)21.75%20.53%20.53%
Largest drawdown-20.89%-20.89%-20.89%
Positive months6/1223/3637/60

How much did investing in WMT return?

US$1,000.00 invested on 01/10/2021 would be worth US$2,240.04 today.

Value today in WMT
US$2,240.04
Return over the period
+124.00%
Return per year
+17.51%
In the S&P 500
US$1,655.98

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

WMT fundamentals

Valuation

  • P/E
    37.67
  • P/B
    8.46
  • EV/EBITDA
    18.22
  • EV/EBIT
    26.75
  • EV/Revenue
    1.19
  • P/EBIT
    25.54
  • P/S
    1.13
  • P/OCF
    19.21
  • P/FCF
    61.03
  • Earnings yield
    3.74%
  • PEG ratio
    —
  • Earnings per share
    US$2.78
  • Book value per share
    US$12.38

Debt

  • Net debt
    US$38.9bn
  • Net debt/EBITDA
    0.82
  • Net debt/Equity
    0.40
  • Debt/Equity
    0.51
  • Current ratio
    0.77
  • Quick ratio
    0.23
  • Cash ratio
    0.10

Efficiency

  • Gross margin
    24.47%
  • EBITDA margin
    6.50%
  • Operating margin
    4.43%
  • Net margin
    3.03%
  • Asset turnover
    2.48

Profitability

  • ROE
    22.47%
  • ROA
    7.51%
  • ROIC
    18.07%
  • Payout
    35.18%

Growth

  • Revenue CAGR (5 years)
    5.33%
  • Earnings CAGR (5 years)
    17.04%
  • Revenue growth (year)
    —
  • Earnings growth (year)
    —
  • Revenue growth (quarter)
    —
  • Earnings growth (quarter)
    —

What is WMT's fair price?

Two classic value formulas, with today's numbers. The current price is US$104.81.

Graham's fair price
US$27.84
73.43% below the price

√(22.50 × US$2.78 × US$12.38)

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price
US$13.19
87.41% below the price

US$0.79 (5-year average) ÷ 6%

Décio Bazin only bought shares yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years divided by 6%.

Graham ignores growth and debt; Bazin assumes past distributions will repeat. They are reference points for comparison, not a buy recommendation.

WMT indicators by year

Multiples at each year's closing price; margins and returns from that year's accounts.

Indicator20262025202420232022202120202019
P/E37.8445.9546.9436.3828.5430.1727.4451.13
P/B8.329.818.685.544.695.045.474.70
EV/EBITDA19.5921.8119.5214.5211.3012.8914.2111.76
Dividend yield0.94%0.82%0.90%1.44%1.57%1.51%1.49%1.78%
Earnings per shareUS$2.75US$2.42US$1.92US$4.33US$4.97US$4.80US$5.25US$2.32
Book value per shareUS$12.50US$11.35US$10.41US$28.45US$30.25US$28.73US$26.36US$25.26
ROE21.98%21.36%18.50%15.23%16.42%16.69%19.93%9.20%
ROIC16.86%18.58%17.58%12.64%18.15%13.95%13.53%11.92%
Gross margin24.21%24.13%23.73%23.46%24.44%24.30%24.10%24.50%
EBITDA margin6.23%6.27%6.05%5.18%6.45%6.07%6.07%6.39%
Net margin3.10%2.88%2.41%1.93%2.41%2.43%2.86%1.31%
Net debt/EBITDA0.770.710.790.970.640.801.271.31

WMT financial statements

Line202620252024202320222021
Net revenueUS$706.4bnUS$674.5bnUS$642.6bnUS$605.9bnUS$567.8bnUS$555.2bn
Cost of sales-US$535.4bn-US$511.8bn-US$490.1bn-US$463.7bn-US$429bn-US$420.3bn
Gross profitUS$171bnUS$162.8bnUS$152.5bnUS$142.2bnUS$138.8bnUS$134.9bn
EBITDAUS$44bnUS$42.3bnUS$38.9bnUS$31.4bnUS$36.6bnUS$33.7bn
EBITUS$29.8bnUS$29.3bnUS$27bnUS$20.4bnUS$25.9bnUS$22.5bn
Net finance resultUS$2.1bn-US$794m-US$3bn-US$1.5bn-US$3bnUS$210m
Profit before taxUS$29.5bnUS$26.3bnUS$21.8bnUS$17bnUS$18.7bnUS$20.6bn
Income tax-US$7.2bn-US$6.2bn-US$5.6bn-US$5.7bn-US$4.8bn-US$6.9bn
Net incomeUS$21.9bnUS$19.4bnUS$15.5bnUS$11.7bnUS$13.7bnUS$13.5bn

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

Does WMT pay dividends?

Announced payments
TypeLast day to ownPaymentPer share
Dividend10/12/202604/01/2027US$0.25

Dividend yield per year

  • 2.06%2017
  • 2.22%2018
  • 1.78%2019
  • 1.49%2020
  • 1.51%2021
  • 1.57%2022
  • 1.44%2023
  • 0.90%2024
  • 0.82%2025
  • 0.94%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend20/08/202608/09/2026US$0.25
Dividend07/05/202626/05/2026US$0.25
Dividend19/03/202606/04/2026US$0.25
Dividend11/12/202505/01/2026US$0.24
Dividend14/08/202502/09/2025US$0.24
Dividend08/05/202527/05/2025US$0.24
Dividend20/03/202507/04/2025US$0.24
Dividend12/12/202406/01/2025US$0.21
Dividend15/08/202403/09/2024US$0.21
Dividend08/05/202428/05/2024US$0.21
Dividend13/03/202401/04/2024US$0.21
Dividend06/12/202302/01/2024US$0.19
See all 40 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Dividend09/08/202305/09/2023US$0.19
Dividend03/05/202330/05/2023US$0.19
Dividend15/03/202303/04/2023US$0.19
Dividend07/12/202203/01/2023US$0.19
Dividend10/08/202206/09/2022US$0.19
Dividend04/05/202231/05/2022US$0.19
Dividend16/03/202204/04/2022US$0.19
Dividend08/12/202103/01/2022US$0.18
Dividend11/08/202107/09/2021US$0.18
Dividend05/05/202101/06/2021US$0.18
Dividend17/03/202105/04/2021US$0.18
Dividend09/12/202004/01/2021US$0.18
Dividend12/08/202008/09/2020US$0.18
Dividend06/05/202001/06/2020US$0.18
Dividend18/03/202006/04/2020US$0.18
Dividend04/12/201902/01/2020US$0.18
Dividend07/08/201903/09/2019US$0.18
Dividend08/05/201903/06/2019US$0.18
Dividend13/03/201901/04/2019US$0.18
Dividend05/12/201802/01/2019US$0.17
Dividend08/08/201804/09/2018US$0.17
Dividend09/05/201804/06/2018US$0.17
Dividend07/03/201802/04/2018US$0.17
Dividend06/12/201702/01/2018US$0.17
Dividend08/08/201705/09/2017US$0.17
Dividend09/05/201705/06/2017US$0.17
Dividend07/03/201703/04/2017US$0.17
Dividend06/12/201603/01/2017US$0.17

About Walmart

Sector
Retail

Questions about WMT

How much is WMT today?

WMT is at US$104.81 (-1.87% on the day), last traded on 01/10/2026.

How much did WMT pay in dividends in 2025?

WMT paid US$0.91 per share in 2025, a dividend yield of 0.82%.

When is the next WMT dividend?

The next announced payment is US$0.25 per share on 04/01/2027.

What are the P/E and P/B of WMT?

WMT trades at a P/E of 37.67 and a P/B of 8.46.

How much did WMT return in 12 months?

WMT returned 3.57% in 12 months, with annualised volatility of 21.75% and a largest drawdown of -20.89%.