Start with its own history
At 47.84×, WMT is 52.0% above its 10-observation annual average. A lower multiple can reflect a lower price, higher earnings, or weaker growth expectations—not necessarily a bargain.
NASDAQ · WMTDiscount StoresUpdated Nov 5, 2026
Walmart Inc. P/E ratio
Current valuation, historical context, and peer comparisons.
Current P/E ratio
47.84×
52.0% abovethe 10-year annual average
Share price129.17
÷Earnings per share2.7
Price and EPS in quote currency. Calculation details
Investors are paying 47.84 for every 1 of reported earnings per share.
P/E over time
2017 – 2026
Annual P/ESelected-period average 31.47×
3-year average37.58×3 positive annual observations
5-year average34.97×5 positive annual observations
10-year average31.47×10 positive annual observations
Peer median · TTM19.65×8 peers with positive P/E
Historical P/E ratios
Annual period-end data · 25 observations
| Period end | P/E | Change |
|---|---|---|
| Jan 31, 2026 | 43.48× | +7.2% |
| Jan 31, 2025 | 40.56× | +41.4% |
| Jan 31, 2024 | 28.69× | -14.5% |
| Jan 31, 2023 | 33.54× | +17.3% |
| Jan 31, 2022 | 28.59× | +0.4% |
| Jan 31, 2021 | 28.48× | +29.9% |
| Jan 31, 2020 | 21.93× | -47.8% |
| Jan 31, 2019 | 42.03× | +30.1% |
View all 25 annual observations +
| Period end | P/E | Change |
|---|---|---|
| Jan 31, 2018 | 32.30× | +113.4% |
| Jan 31, 2017 | 15.14× | +2.9% |
| Jan 31, 2016 | 14.71× | -12.3% |
| Jan 31, 2015 | 16.76× | +9.8% |
| Jan 31, 2014 | 15.27× | +10.0% |
| Jan 31, 2013 | 13.88× | +2.5% |
| Jan 31, 2012 | 13.54× | +8.0% |
| Jan 31, 2011 | 12.54× | -12.8% |
| Jan 31, 2010 | 14.38× | +3.4% |
| Jan 31, 2009 | 13.90× | -14.5% |
| Jan 31, 2008 | 16.26× | -8.0% |
| Jan 31, 2007 | 17.67× | +2.3% |
| Jan 31, 2006 | 17.27× | -20.9% |
| Jan 31, 2005 | 21.84× | -16.1% |
| Jan 31, 2004 | 26.01× | -2.0% |
| Jan 31, 2003 | 26.55× | -34.9% |
| Jan 31, 2002 | 40.80× | N/M |
Change is relative to the preceding observation. N/M values are excluded from averages.
How WMT compares
Company P/E vs. peer trailing-12-month ratios
| Company | P/E ratio |
|---|---|
 WMT This stockWalmart Inc. | 47.84× |
 COSTCostco Wholesale Corporation | 50.36× |
 TGTTarget Corporation | 16.85× |
 BJBJ's Wholesale Club Holdings, Inc. | 24.06× |
 DLTRDollar Tree, Inc. | 17.93× |
 DGDollar General Corporation | 18.32× |
 OLLIOllie's Bargain Outlet Holdings, Inc. | 20.91× |
 PSMTPriceSmart, Inc. | 30.59× |
 WMMVYWal-Mart de Mexico SAB de CV Sponsored ADR Class V | 18.39× |
Peers are selected by the data provider. Business models and earnings definitions can differ.
Put the numbers in context
What does WMT’s P/E tell you?
Compare like with like
The median of the 8 positive peer ratios above is 19.65×. Check growth, margins, debt, and earnings quality before interpreting the gap. A faster-growing business may justify a higher multiple.
Check what drives earnings
One-off gains can temporarily lower P/E; unusual charges can raise it. Reported earnings and forward estimates answer different questions. Pair this view with return on equity and liquidity for a fuller picture.
Keep your research connected
Take WMT into your spreadsheet
Pull historical P/E into Excel or Google Sheets with Wisesheets. Build your own comparisons alongside the rest of your financial model.
Explore WisesheetsQuarterly P/E · latest quarterLQ selects the latest reported quarter. Requires the Wisesheets add-in. See available data
=WISE("WMT", "PE Ratio", "LQ")Sources & calculation methodology
Current P/E
Share price 129.17 ÷ EPS 2.7 = 47.84×. Data is supplied by Financial Modeling Prep through Wisesheets. Quote feed updated Nov 5, 2026; this is not a real-time trading quote.
History & averages
Annual and quarterly P/E observations are provided separately from the current quote. Averages use the latest 3, 5, or 10 annual observations, excluding missing and nonpositive ratios. Pre-IPO observations are omitted. These are period-end observations, not daily averages.
Data definitions and limitations
The current quote feed does not specify the exact EPS filing-period end or whether EPS is basic or diluted. We do not label it as forward P/E. Peer ratios are explicitly trailing-12-month (TTM) values. Historical observations do not include independently verified price and EPS inputs. Sources may update on different schedules; rounded inputs can produce small calculation differences. Historical comparisons describe past pricing, not an estimate of fair value.
WMT P/E ratio: common questions
The essentials behind the numbers.
Walmart Inc.'s current P/E is 47.84× based on the quote data last updated Nov 5, 2026. It represents the share price divided by reported earnings per share. Prices and earnings may refresh on different schedules.
Annual P/E uses earnings for a completed fiscal year. Trailing-12-month (TTM) P/E uses the latest four quarters, while forward P/E uses forecast earnings. These are not interchangeable. This page labels peer ratios as TTM and shows dated annual or quarterly historical observations; it does not show forward estimates.
N/M means not meaningful: the feed has no positive P/E for that observation. Negative or zero earnings should not be ranked as a low positive valuation multiple. N/M observations are excluded from the averages shown above.
Divide the share price by earnings per share (EPS). For example, a share price of 100 and EPS of 5 gives a P/E of 20×. This page uses the price and EPS supplied together in the quote when both are positive.
Price timestamps, EPS definitions, share classes, adjustments, and fiscal periods can differ. A forward P/E also uses forecast earnings rather than reported earnings. Compare the inputs and as-of dates before comparing two displayed ratios.
Not necessarily. The average describes previous market pricing, not fair value. Changes in earnings quality, growth expectations, debt, accounting, and business risk can justify a different multiple today.