Walmart Inc.
WMT Consumer Defensive Discount Stores
Walmart Inc.’s revenue for fiscal 2026 (year ended January 2026) was $713.2 billion, up 4.73% from fiscal 2025. In the quarter to July 2026, revenue grew 5.94%, EPS fell 9.09%, free cash flow grew 15.8% and total debt rose 14.0%, each against the same quarter a year earlier. Member of the S&P 500, Nasdaq 100 and Dow Jones; dividend growth for ten consecutive years, revenue growth for ten, operating cash flow growth for three.
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Walmart Inc. (WMT) P/B ratio
As of 22 October 2026, Walmart Inc. (WMT) trades at a P/B ratio of 9.2×. Over the past ten years it has ranged from 2.2× (November 2015) to 10.6× (May 2026); the current reading is higher than 97% of that period. That is above the Discount Stores industry median of 6.2× and above the Consumer Defensive sector median of 1.8×.
P/B ratio, daily
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Annual newest first
| Period | P/B ratio | Change |
|---|---|---|
| FY2026 | 9.4× | 15.44% |
| FY2025 | 8.1× | 64.54% |
| FY2024 | 4.9× | 5.24% |
| FY2023 | 4.7× | 10.15% |
| FY2022 | 4.2× | (5.69%) |
| FY2021 | 4.5× | 12.58% |
| FY2020 | 4.0× | 13.52% |
| FY2019 | 3.5× | (10.77%) |
| FY2018 | 3.9× | 53.68% |
| FY2017 | 2.6× | (0.73%) |
Quarterly newest first
| Period | P/B ratio | Change |
|---|---|---|
| Jul 2026 | 8.5× | (18.95%) |
| Apr 2026 | 10.4× | 11.65% |
| Jan 2026 | 9.4× | 18.48% |
| Oct 2025 | 7.9× | (2.50%) |
| 43 more quarters | Free account |
Against its own ten years
P/B ratio against peers
| Company | P/B ratio |
|---|---|
| OLLI Ollie's Bargain Outlet Holdings, Inc. compare | 2.9× |
| DG Dollar General Corporation compare | 3.3× |
| PSMT PriceSmart, Inc. compare | 3.7× |
| TGT Target Corporation compare | 4.0× |
| BJ BJ's Wholesale Club Holdings, Inc. compare | 6.2× |
| DLTR Dollar Tree, Inc. compare | 7.3× |
| WMT Walmart Inc. | 9.2× |
| COST Costco Wholesale Corporation compare | 12.6× |
| TBBB BBB Foods Inc. compare | 19.9× |
| Discount Stores industry median | 6.2× |
| Consumer Defensive sector median | 1.8× |
| Market median | 1.7× |
What P/B ratio is
Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.
Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))
More on WMT
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement