Walmart
Financial ratios & Valuation

Forward Multiples (2026 – 2029)

2026202720282029
Price/Earnings ratio
38.2335.1731.8228.40
Price/Sales ratio
0.400.380.360.34
Earnings per Share (EPS)
$2.65$2.88$3.18$3.57

Historical Multiples (2015 – 2024)

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 TTM Median
Valuation Ratios
Price/Earnings ratio
16.7714.7315.1732.3742.0721.9229.1828.5433.5528.6837.4437.44
Price/Sales ratio
0.560.440.420.630.540.620.700.680.640.681.090.54
Price/Book Value ratio
3.372.682.664.093.874.364.844.685.115.308.363.87
Price/Cash Flow ratio
9.617.906.5611.2610.1112.9110.9216.1413.5812.4518.5910.11
Price/Free Cash Flow ratio
16.7413.609.8917.4516.1222.4215.2735.2432.7029.4243.3016.12
Price/Earnings Growth ratio
6.79-1.88-3.86-1.28-1.360.17-3.3811.34-2.730.83-0.90-1.36
Dividend Yield
2.25%2.90%3.00%1.91%2.17%1.85%1.55%1.57%1.55%1.38%0.90%1.85%
Profitability Indicator Ratios
Gross Profit Margin
24.82%25.12%25.64%25.37%25.09%24.68%24.82%25.09%24.14%24.37%24.69%24.68%
Operating Profit Margin
5.58%4.99%4.68%4.08%4.26%3.92%4.03%4.52%3.34%4.16%4.26%3.92%
Pretax Profit Margin
5.10%4.48%4.21%3.02%2.22%3.83%3.67%3.26%2.78%3.37%3.98%2.22%
Net Profit Margin
3.36%3.04%2.80%1.97%1.29%2.84%2.41%2.38%1.91%2.39%2.92%1.29%
Effective Tax Rate
32.19%30.30%30.26%30.41%37.35%24.43%33.34%25.43%33.63%25.53%24.02%24.43%
Return on Assets
8.03%7.36%6.86%4.82%3.04%6.29%5.35%5.58%4.79%6.14%7.47%3.04%
Return On Equity
20.10%18.24%17.53%12.66%9.20%19.92%16.61%16.42%15.22%18.49%23.30%9.20%
Return on Capital Employed
19.61%17.86%17.25%16.21%15.48%12.95%14.10%16.47%13.52%16.88%17.87%15.48%
Liquidity Ratios
Current Ratio
0.960.930.860.750.790.790.97N/AN/AN/A0.840.79
Quick Ratio
0.270.240.210.200.220.220.480.280.200.230.230.22
Cash ratio
0.130.130.100.080.090.120.190.160.090.100.090.12
Days of Sales Outstanding
5.094.254.384.094.454.374.255.274.734.955.434.45
Days of Inventory outstanding
45.1344.9643.4942.7941.9341.1039.0348.0844.5340.8745.5341.93
Operating Cycle
50.2249.2247.8746.8946.3945.4743.2853.3549.2645.8350.9746.39
Days of Payables Outstanding
38.4038.9141.8645.0544.5843.4442.6747.0142.3042.3045.2244.58
Cash Conversion Cycle
11.8210.306.011.831.812.020.616.346.963.525.751.81
Debt Ratios
Debt Ratio
0.230.210.190.190.230.210.180.160.160.160.150.21
Debt Equity Ratio
0.580.540.500.500.700.690.570.480.530.500.450.69
Long-term Debt to Capitalization
0.330.320.310.270.370.360.330.290.310.300.270.36
Total Debt to Capitalization
0.360.350.330.330.410.410.360.320.340.330.310.41
Interest Coverage Ratio
11.039.469.618.779.357.919.73N/AN/AN/A11.209.35
Cash Flow to Debt Ratio
0.600.620.800.710.540.480.770.600.690.830.970.54
Company Equity Multiplier
2.502.472.552.623.023.163.102.943.173.002.983.16
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.050.050.060.050.050.040.060.040.040.050.050.05
Free Cash Flow / Operating Cash Flow Ratio
0.570.580.660.640.620.570.710.450.410.420.420.57
Cash Flow Coverage Ratio
0.600.620.800.710.540.480.770.600.690.830.970.54
Short Term Coverage Ratio
4.475.029.392.933.543.066.814.644.365.465.803.54
Dividend Payout Ratio
37.79%42.83%45.56%62.09%91.48%40.64%45.27%44.99%52.34%39.58%33.22%40.64%