Walmart Inc. (WMT) — AI Equity Research | April 2026

This analysis was produced by an AI financial research system. All data is sourced exclusively from publicly available filings, earnings transcripts, government data, and free financial aggregators — no proprietary data, paid research, or institutional tools are used. Every figure cited can be independently verified by the reader using the sources listed at the end of this report. The AI system does not hold opinions, make investment recommendations, or have financial interests of any kind. This report presents a structured summary of public financial data. It does not constitute investment advice and should not be the basis for any investment decision. A human editorial team reviews all published output for factual accuracy before publication.

This report is independent analytical research produced for informational and educational purposes only. It is not the product of a FINRA-registered broker-dealer, does not constitute investment advice, and should not be the sole basis for any investment decision. All intrinsic value estimates represent mathematical outputs of explicitly stated model assumptions derived from publicly available data only — they are not price predictions, price targets, or investment recommendations. This analysis is meant to inform your thinking, not replace your own due diligence. Consult a licensed financial advisor before making any investment decisions.

Company Profile

Key Statistics Block

“This analysis is built entirely from publicly accessible financial data. Every figure cited is independently verifiable by the reader using the sources listed at the end of this report.”

Section 1 — Analytical Perspective & Central Tension

Walmart is priced for sustained technology-platform re-rating, but the filings show a business generating 4.2% operating margins on $706 billion in net sales — a structure where small execution misses on advertising and membership growth would remove the mathematical basis for its 45x trailing earnings multiple.

Consensus View

The prevailing market narrative holds that Walmart has undergone a structural transformation from a low-margin grocer into a hybrid retail-technology platform generating high-margin recurring revenue streams from advertising and membership fees. The implied story is that advertising revenue (growing 46% year over year to approximately $6.4 billion in FY26)¹⁰¹ and Walmart+ membership fees position the company for durable multiple expansion — similar to the logic that justified Amazon’s re-rating when AWS emerged as a distinct profit center. The current trailing P/E of approximately 45.7x and forward P/E of approximately 42.4x embed assumptions of sustained above-average earnings growth well beyond the 4–5% revenue CAGR the company has historically delivered.⁸²

Market-Implied Growth Rate

At the current trailing P/E of approximately 45.7x, the market is implying a revenue and earnings CAGR of approximately 8–12% per year over a 5-year horizon to justify current pricing, compared to the filed trailing FY26 revenue growth rate of 4.73% and the company’s own FY27 guidance of 3.5–4.5% net sales growth in constant currency.⁶¹ The data suggests a material gap between embedded market assumptions and management’s own near-term growth targets.

Data-Based Counterpoint

The filings present a more nuanced picture. FY26 GAAP operating income grew only 1.6% year over year — from $29.35 billion to $29.83 billion — despite a 4.7% revenue increase.⁶¹ The adjusted operating income figure of $31.1 billion (up 5.4% in constant currency) is the more operationally relevant number, but adjustments include a $722 million non-cash share-based compensation charge at PhonePe and $285 million in legal matter charges. The company’s advertised “operating income growing faster than sales” narrative is accurate on an adjusted basis, but the GAAP figure tells a story of margin compression from elevated capex and one-time charges. FCF of $14.9 billion represents only 53% of GAAP net income, reflecting $26.6 billion in capital expenditures⁶¹ — the highest in the company’s history and more than 3.7x the FCF generated. The data suggests the current capex cycle is constraining near-term free cash flow generation even as earnings grow.

Furthermore, advertising and membership fees together accounting for “roughly one-third of total operating income”⁹⁹ means the remaining two-thirds of operating income still derive from traditional retail — a structurally lower-multiple business. For the platform re-rating thesis to be fully justified, advertising revenue would need to scale from ~1% of sales toward the ~8% of sales that Amazon achieves — a multi-year execution challenge that is not yet reflected in filed revenue.¹⁰¹

Macro Context

The 10-year US Treasury yield closed at approximately 4.31% on April 2, 2026 ETF Database, reflecting a rate environment that elevates the discount rate for long-duration equity valuations such as Walmart’s.¹⁰ The Federal Reserve held the federal funds rate steady at 3.5%–3.75% at its March 2026 meeting TRADING ECONOMICS, noting that the conflict with Iran had introduced material uncertainty into the inflation and growth outlook.¹⁶ US CPI ran at 2.4% year over year in February 2026 CNBC, at the high end of the Fed’s comfort zone and presenting a dual-edged dynamic for Walmart: elevated food prices broadly support Walmart’s value positioning and drive trade-down traffic from higher-income consumers, but persistent inflation also increases Walmart’s own cost of goods sold and wage costs.²⁵ The Iran conflict introduces geopolitical supply chain risk through potential Strait of Hormuz disruptions, which could pressure both imported goods costs and fuel-related operating expenses — a risk not yet priced into management’s FY27 guidance as of February 19, 2026.

Historical Context Frame

Walmart’s current trailing P/E of approximately 45.7x compares to a 3-year average of approximately 35.7x, a 5-year average of approximately 35.7x, and a 10-year average of approximately 29.6x.⁶² ⁶³ ⁶⁸ The stock is trading at a premium of approximately 54% above its 10-year median P/E, the most elevated valuation the company has commanded outside of the brief 2023 period when a one-time goodwill write-down distorted reported EPS. Current capex intensity of approximately 3.77% of net sales in FY26 ($26.6 billion)⁶¹ represents the highest capital investment cycle in the company’s recent history, well above the FY24–FY25 range, reflecting the supply chain automation and omnichannel buildout. In the FY20 downturn period, Walmart’s revenue was relatively resilient due to its essential goods positioning, but EBITDA margins compressed. The current business mix, with higher advertising and membership contributions, may offer somewhat greater defensive margin characteristics than the prior cycle.

Analytical Logic Chain

Section 2 — Fundamental Deep Dive

Revenue by Segment — FY26 Full Year vs. FY25

Source: SEC EDGAR 8-K earnings release, February 19, 2026.⁶¹

Note: Walmart International net sales include Flipkart (India), Walmex (Mexico), China, and other international operations. Intra-segment transfers are not material and are not separately disclosed at segment level. No data quality flag required.

Gross Margin and Operating Margin — Quarterly Trend

Source: SEC EDGAR 8-K FY26 earnings release; supplemental segment data.⁶¹ ⁸⁵

The data suggests a stable to slightly expanding gross margin trajectory, driven by improved business mix from higher-margin advertising and membership revenue, partially offset by category mix effects as grocery (structurally lower gross margin) grows faster than general merchandise. FY26 consolidated gross margin of 24.2% compares to Costco’s approximately 13.1% (a structurally different model) and Target’s higher ~28%+ gross margin (reflecting a more discretionary merchandise mix).⁸⁶

Peer Comparison — Revenue Growth, Operating Margin, and Relevant Multiple

The data indicates WMT’s multiple premium over Amazon — despite lower revenue growth and a comparable or lower operating margin on reported retail operations — reflects the market’s willingness to price Walmart’s advertising and membership optionality ahead of demonstrated scale.

Net Income vs. Cash Flow from Operations — FY24–FY26 Trend

The OCF-to-net income ratio of approximately 1.87x in FY26 is consistent with Walmart’s capital-intensive model where large depreciation and amortization ($14.2 billion in FY26)⁶¹ generate substantial non-cash charges. The data suggests earnings quality is reasonable — operating cash flow substantially exceeds reported earnings, and the divergence is explained by the standard D&A add-back, not by aggressive accrual accounting. This analysis identifies no earnings quality red flag.

Guidance Revision History — Last 4 Periods

Source: SEC EDGAR 8-K earnings releases.⁵⁶ ⁶¹

The data suggests management has been reliably conservative in its issued guidance over the past two reporting cycles. The FY27 guidance range of 6–8% adjusted operating income growth is notably more aggressive than the 5.4% achieved in FY26 and requires the advertising and membership flywheel to accelerate further.

Historical Valuation — Current vs. Historical Averages

The current multiple represents the highest sustained valuation level Walmart has commanded since 2018–2019 (when it briefly traded above 50x following a one-time gain period). This analysis notes that the multiple has expanded approximately 28% above the 1-year average, suggesting the market has already priced in meaningful acceleration in the platform re-rating thesis.

Balance Sheet Health

Estimated EBITDA for FY26: Operating income $29.8B + D&A $14.2B = ~$44.0B. Net Debt/EBITDA ~40.8/44.0 = ~0.93x.

Source: SEC EDGAR 8-K, February 19, 2026.⁶¹

The balance sheet reflects low financial leverage for a company of this scale. Net Debt/EBITDA of approximately 0.93x is conservative relative to retail peers. The $30 billion new share repurchase authorization announced in February 2026⁶¹ introduces a meaningful incremental use of capital alongside the elevated capex cycle. FCF quality is satisfactory — operating cash flow of $41.6 billion is real cash generation, not an accounting construct.

Section 3 — Capital Allocation & Governance Assessment

Capital Allocation

FY26 capital deployment: capex of $26.6 billion (predominantly supply chain automation, store remodels, and omnichannel buildout)⁶¹; share repurchases of $8.1 billion (85 million shares); dividends of $7.5 billion (annual dividend raised to $0.99/share, representing 53 consecutive years of dividend growth per public reports)⁹⁷. A new $30 billion share repurchase authorization was announced in February 2026, the largest in the company’s history.⁶¹

Return on Invested Capital Assessment: ROI of 15.1% in FY26 compares to 15.5% in FY25, a modest compression attributable to the large capex increase in the current investment cycle.⁶¹ Management’s stated target is to grow operating income faster than sales, and on an adjusted basis this has been achieved. However, ROI compression in the context of record capital expenditure means the current investment cycle must eventually translate into measurable unit productivity gains and margin improvement. The filing states approximately 50% of e-commerce fulfillment center volume is now automated, and approximately 60% of stores are receiving some level of automated freight, suggesting the automation buildout is at an intermediate stage.⁸⁵ The evidence suggests capital is being deployed against a plausible ROIC-positive thesis, but the payoff timeline remains uncertain and is not yet fully visible in filed financial results.

Governance Review

A material governance transition occurred: long-time CEO Doug McMillon formally retired on February 1, 2026, succeeded by John Furner (previously President and CEO of Walmart U.S.).⁹⁹ McMillon served 12 years as CEO and is credited with initiating the digital transformation. The CEO transition is potentially material from an execution-continuity perspective, though Furner has been in the Walmart system for approximately 25 years. Walmart agreed to a $100 million FTC settlement related to its Spark Driver (gig delivery) program earnings claims in early 2026.⁹⁷ A separate Berger Montague board investigation was announced in March 2026 related to potential fiduciary duty issues.⁴⁰

Board independence: standard large-cap structure; no material related-party transaction concerns were identified in the public filing data reviewed.

Insider & Ownership Activity

Standard Protocol (free float above 10%):

C. Douglas McMillon (former CEO, now Director) executed an open-market sale of 19,416 shares at a weighted-average price of $123.16 on March 26, 2026, pursuant to a pre-arranged Rule 10b5-1 trading plan.⁷⁴ After this sale, McMillon directly holds approximately 4.21 million shares plus substantial indirect holdings through trusts and 401(k) accounts.⁷⁴ This analysis interprets this transaction as a routine scheduled sale consistent with the disclosed 10b5-1 plan — not an indicator of negative fundamental views. The scale (19,416 shares out of 4.21+ million directly held) is immaterial relative to his overall position.

Walton family entities (Walton Enterprises LLC and Walton Family Holdings Trust) collectively hold approximately 50.74% of issued shares per the most recent Schedule 13D/A filed with the SEC.⁷⁶ No significant changes to the Walton controlling ownership position were identified in recent filings. Institutional ownership represents approximately 26.76% of shares outstanding.⁷² No material unusual institutional activity was identified in the publicly available data reviewed.

Earnings Call vs. Filing Cross-Check

The Q4 FY26 earnings call featured management language emphasizing “double-digit incremental margins” in e-commerce and citing the company’s “agentic commerce” AI strategy.³⁹ Cross-checking against the filed P&L, the GAAP data confirms adjusted operating income growth of 10.5% (constant currency) in Q4⁶¹ — consistent with management’s characterization. However, the call emphasized the Q4 GAAP EPS of $0.53 being affected by a $0.21 net loss on equity and other investments (primarily unrealized mark-to-market losses on strategic investments)⁶¹ — a distinction management acknowledged but which requires reading the filing footnotes to fully parse. The call also referenced a $6.4 billion global advertising business at “nearly a 46% increase”⁶¹ — the filing confirms this figure is included partly within net sales and partly as a reduction to cost of sales depending on the nature of the arrangement.⁶¹ This analysis identifies this presentation convention as a complexity worth noting: reported advertising revenue is not a single directly extractable line item from the income statement, and readers relying only on verbal management characterizations may overestimate its discrete P&L visibility. No material divergence between management’s verbal framing and the filed figures was identified beyond this presentation convention.

Section 4 — Technical Context

Current closing price: $125.79 (April 5, 2026).⁴² 52-week range: $79.81 – $134.69.⁴²

Current Trend Structure: Walmart has been in a sustained uptrend over the past 12 months, with the stock up approximately 45–46% over the trailing year.¹¹⁶ The 50-day moving average and 200-day moving average are both below current price, confirming the uptrend remains structurally intact across timeframes. The stock reached an approximate 52-week high of $134.69 in late 2025 and has pulled back approximately 6–7% from that high, trading near $125–$126 as of the analysis date.

Key Support and Resistance Levels:

• Resistance: ~$130–$135 (prior 52-week high range)
• Support: ~$122–$123 (recent consolidation range; McMillon 10b5-1 sale was at $123.16)
• Deeper support: ~$100–$110 (200-day moving average zone)

RSI (14-day): Investing.com reports RSI at approximately 51.6 as of recent data, consistent with a neutral momentum reading⁸⁸; other sources place RSI in the 60–67 range during the prior 2–3 week period.⁹³ The data suggests RSI is in neutral-to-moderately-elevated territory — not at overbought extremes as of early April 2026.

MACD (12,26,9): MACD readings from multiple aggregators indicate the MACD line is in positive territory with a reading near zero or slightly positive, suggesting bullish momentum has been fading from its peak in recent weeks.⁸⁸ ⁹⁶ TradingView rates the overall technical picture as “Strong Buy” on a weekly and monthly basis, with oscillators showing “neutral” on the daily timeframe.⁹⁵

Pattern Classification: Base Formation / Consolidation. The stock appears to be consolidating approximately 6–7% below its 52-week high after a strong uptrend. The pattern is consistent with a digestion of gains before the next directional move, contingent on Q1 FY27 earnings results (expected May 14, 2026).

Technical context describes price behavior only — not a recommendation.

To verify independently: open TradingView (tradingview.com) or Yahoo Finance (finance.yahoo.com), search WMT, set chart to 12-month daily view, apply RSI period 14 and MACD 12,26,9.

Section 5 — Risk Factors

Risk 1: Multiple Compression from Advertising/E-commerce Growth Deceleration

Mechanism: Walmart’s trailing P/E of ~45.7x is approximately 54% above its 10-year median.⁶⁸ This premium is premised on continued 20%+ e-commerce growth and 40%+ advertising revenue growth. If global advertising growth decelerates to 15–20% (still robust by most standards) or if e-commerce growth reverts toward 10–15%, the mathematical justification for a 40–45x multiple dissolves, and historical mean reversion toward 29–35x becomes plausible. Estimated magnitude: A reversion from ~46x to a 32x P/E on a $2.75 FY27 adjusted EPS midpoint would imply a stock price of approximately $88 — a decline of approximately 30% from current levels. This risk is not adequately reflected in current pricing per this analysis.

Risk 2: Geopolitical Supply Chain Disruption (Iran / Strait of Hormuz)

Mechanism: Multiple sources confirm that the ongoing US-Iran conflict has elevated oil prices and introduced uncertainty about potential Strait of Hormuz disruptions.⁶ Walmart’s supply chain — particularly Flipkart’s India-based operations and international merchandise flows — depends on stable global shipping lanes. Elevated diesel costs directly inflate Walmart’s trucking and distribution expenses (distribution center costs represent a material portion of operating expenses). Additionally, imported consumer goods from Asia are disproportionately affected by Strait of Hormuz passage risk if conflict escalates. Management’s FY27 guidance was framed as of February 19, 2026, before the full scope of Iran conflict escalation was visible. Estimated magnitude: A 100 bps operating margin compression from supply chain disruption and fuel costs, applying to FY27 adjusted operating income of ~$33B (midpoint), would reduce operating income by approximately $700 million — roughly a 2.5% impact on the base case EPS. More severe disruption scenarios are not quantifiable from public data but would be more material.

Risk 3: Capex-Cycle ROIC Risk / Automation Execution Risk

Mechanism: FY26 capex of $26.6 billion⁶¹ is the largest in Walmart’s history. The company is making front-loaded investments in supply chain automation, store remodels, and technology infrastructure. ROI already compressed from 15.5% to 15.1% in FY26.⁶¹ If automation economics underdeliver — either through deployment delays, higher-than-anticipated maintenance costs, or labor productivity gains that fall short of projections — the FCF improvement expected from capex normalization may not materialize on the guided timeline. FY27 capex guidance of approximately 3.5% of net sales implies approximately $25 billion — still elevated by historical standards. Estimated magnitude: If capex remains at or above 3.5% of sales for 2 additional years beyond guidance, FCF per share generation would be approximately $0.50–$0.70/share lower than the base case — affecting the company’s ability to fund the $30 billion buyback program without increasing debt.

Section 6 — Intrinsic Value Estimate

All intrinsic value figures are mathematical outputs of stated assumptions. Not price predictions. Not recommendations.

DCF Calculation Table

Note: The DCF output of approximately $95–$105 is materially below the current price of $125.79. This is a mathematical output of the stated assumptions — specifically, the combination of a 4.31% risk-free rate, moderate 4% revenue growth, and a 2.5% terminal growth rate produces a value that does not support the current 45x trailing earnings multiple. The output changes significantly under higher growth assumptions, as shown in the sensitivity table below.

DCF Sensitivity Table (Intrinsic Value, $)

Operating Leverage Sensitivity Statement: A 100 basis point compression in operating margin, holding all other assumptions constant, reduces the base case intrinsic value estimate by approximately 8–12%, given Walmart’s revenue scale and the direct flow-through of margin changes to FCF.

Relative Multiples Calculation Table

Bull / Base / Bear Scenario Table

Quantified Risk/Reward Observation: “The probability-weighted intrinsic value estimate of approximately $108 represents approximately a 14% discount to the current market price of $125.79. This is a mathematical observation derived from the model assumptions stated above — it is not a recommendation.”

Analyst Consensus: Analyst price targets currently range between approximately $62 and $150, with an average near $130–$136 depending on the aggregator source, based on 29–43 analysts covering the stock.¹⁰⁸ ¹¹² ¹¹³ The wide range reflects genuine disagreement about the appropriate multiple for Walmart’s emerging platform revenue streams.

Conclusion — Business Health Assessment

Factual summary: Walmart delivered its first fiscal year exceeding $700 billion in net sales in FY26, with global e-commerce surpassing $100 billion for the first time and advertising revenue reaching $6.4 billion.⁹⁹ Free cash flow grew 18% to $14.9 billion, supported by operating cash flow of $41.6 billion.⁶¹ The business is undergoing a genuine structural transition — advertising and membership fees now account for approximately one-third of quarterly operating income⁹⁹ — but the majority of operating income continues to derive from traditional retail operations running at approximately 4.2% margins.⁶¹ The current trailing P/E of approximately 45.7x, approximately 54% above the 10-year median, embeds assumptions of sustained high-margin revenue mix expansion that are directionally plausible but not yet fully demonstrated in filed results.

Next Quarter Watchlist

Key Metrics to Monitor

Editorial Commitment: “This analysis will not be revised retroactively. If subsequent data materially changes the analytical picture, an updated report will be published with a clear changelog. The metrics listed above are the specific conditions under which an updated analysis would be warranted, stated in advance of the outcome.”

Analysis Snapshot: “Analysis published: April 6, 2026 | Ticker: WMT | Exchange: Nasdaq | Price at publication: $125.79 | Overall Business Health: Adequate-to-Strong | Probability-Weighted Intrinsic Value Estimate: ~$108 | Next scheduled review: April 6, 2027”

Sources & Disclosures

¹ Trading Economics — United States Interest Rate (Fed Funds Target Range 3.5%–3.75%) — March 2026 — https://tradingeconomics.com/united-states/interest-rate

² US Bureau of Labor Statistics — Consumer Price Index, February 2026 (CPI-U +2.4% YoY) — March 11, 2026 — https://www.bls.gov/news.release/cpi.nr0.htm

³ Trading Economics — United States Inflation Rate (February 2026) — March 2026 — https://tradingeconomics.com/united-states/inflation-cpi

⁴ ETF Database / Advisor Perspectives — Treasury Yields Snapshot, April 2, 2026 — https://etfdb.com/fixed-income-content-hub/april-2-2026-treasury-yields-snapshot/

⁵ Trading Economics — US 10-Year Treasury Yield (4.31%, April 3, 2026) — https://tradingeconomics.com/united-states/government-bond-yield

⁶ CNBC — “10-year Treasury yield edges lower as investors monitor Iran war developments” — April 2, 2026 — https://www.cnbc.com/quotes/US10Y

⁷ PrimeRates.com — Fed Rate Forecast 2026 (effective EFFR 3.64% as of April 1, 2026) — April 2026 — https://primerates.com/primerate/fed-rate-forecast-2026/

⁸ iShares / BlackRock — Fed Outlook 2026 — December 2025 — https://www.ishares.com/us/insights/fed-outlook-2026-interest-rate-forecast

⁹ CNBC — “Here’s the inflation breakdown for February 2026” — March 11, 2026 — https://www.cnbc.com/2026/03/11/cpi-inflation-february-2026-breakdown.html

¹⁰ Advisor Perspectives / dshort — Treasury Yields Snapshot April 2, 2026 (10-year at 4.31%) — April 2, 2026 — https://etfdb.com/fixed-income-content-hub/april-2-2026-treasury-yields-snapshot/

¹¹ Advisor Perspectives — 10-Year Treasury Yield Long-Term Perspective, March 2026 (weekly average 4.38% end-March) — April 1, 2026 — https://www.advisorperspectives.com/dshort/updates/2026/04/01/10-year-treasury-yield-long-term-perspective-march-2026

¹² Federal Reserve Board — H.15 Selected Interest Rates, April 3, 2026 — https://www.federalreserve.gov/releases/h15/

¹³ Trading Economics — United States Fed Funds Rate (3.5%–3.75% target range, March 2026 decision) — https://tradingeconomics.com/united-states/interest-rate

¹⁴ America’s Credit Unions — “FOMC holds federal funds rate steady in first meeting of 2026” — January 29, 2026 — https://www.americascreditunions.org/news-media/news/fomc-holds-federal-funds-rate-steady-first-meeting-2026

³⁹ Motley Fool — Walmart (WMT) Q4 2026 Earnings Call Transcript — February 19, 2026 — https://www.fool.com/earnings/call-transcripts/2026/02/19/walmart-wmt-q4-2026-earnings-call-transcript/

⁴² Investing.com — Walmart (WMT) quote, April 5, 2026 ($125.79, 52-week range $79.81–$134.69) — https://www.investing.com/equities/wal-mart-stores

⁵⁴ SEC EDGAR — Walmart Inc. Form 8-K (Q4 FY26 Earnings Release, Exhibit 99.1) — February 19, 2026 — https://www.sec.gov/Archives/edgar/data/0000104169/000010416926000032/earningsreleasefy26q4.htm

⁵⁵ SEC EDGAR — Walmart Inc. Form 8-K (Q4 FY26 Earnings Presentation) — February 19, 2026 — https://www.sec.gov/Archives/edgar/data/0000104169/000010416926000032/earningspresentationfy26.htm

⁵⁶ SEC EDGAR — Walmart Inc. Form 8-K (Q4 FY25 Earnings Release, Exhibit 99.1) — February 20, 2025 — https://www.sec.gov/Archives/edgar/data/0000104169/000010416925000010/earningsreleasefy25q4.htm

⁵⁸ Corporate Walmart — Q4 FY26 Earnings Release PDF (operating cash flow $41.6B, FCF $14.9B) — February 19, 2026 — https://corporate.walmart.com/content/dam/corporate/documents/newsroom/2026/02/19/walmart-releases-q4-fy26-earnings/q4-fy26-earnings-release.pdf

⁶¹ Corporate Walmart / SEC EDGAR — Q4 FY26 Earnings Release (condensed consolidated financial statements, segment data, non-GAAP reconciliations) — February 19, 2026 — https://corporate.walmart.com/content/dam/corporate/documents/newsroom/2026/02/19/walmart-releases-q4-fy26-earnings/q4-fy26-earnings-release.pdf

⁶² FullRatio.com referencing public financial data — WMT P/E Ratio historical (3-year avg 33.71, 5-year avg 34.77) — March 2026 — https://fullratio.com/stocks/nyse-wmt/pe-ratio

⁶³ Public.com referencing public financial data — WMT P/E Ratio (5-year avg 35.68, 3-year avg 35.74) — March 19, 2026 — https://public.com/stocks/wmt/pe-ratio

⁶⁴ FinanceCharts.com referencing public financial data — WMT P/E Ratio (5-year avg 36.43, forward P/E 33.67) — February 25, 2026 — https://www.financecharts.com/stocks/WMT/value/pe-ratio

⁶⁵ Stock Analysis — WMT Statistics & Valuation (trailing P/E 45.24, forward P/E 42.30, EV/EBITDA 23.75) — April 2026 — https://stockanalysis.com/stocks/wmt/statistics/

⁶⁸ GuruFocus referencing public financial data — WMT PE Ratio TTM (current 44.85, 10-year median 29.56) — March 28, 2026 — https://www.gurufocus.com/term/pettm/WMT

⁶⁹ WiseSheets referencing public financial data — WMT P/E Ratio (Costco 50.49) — https://www.wisesheets.io/pe-ratio/WMT

⁷⁴ StockTitan referencing SEC Form 4 — C. Douglas McMillon sale of 19,416 shares at $123.16 (March 26, 2026) — https://www.stocktitan.net/sec-filings/WMT/form-4-walmart-inc-insider-trading-activity-798a0427affe.html

⁷⁵ Daily Political referencing 13F filings — Walmart institutional ownership approximately 26.76% — March 2026 — https://www.dailypolitical.com/2026/03/14/65533-shares-in-walmart-inc-wmt-acquired-by-pinnbrook-capital-management-lp.html

⁷⁶ SEC EDGAR — Walmart Inc. Form Schedule 13D/A (Walton Enterprises LLC 44.21%, Walton Family Holdings Trust 6.53%) — https://www.sec.gov/Archives/edgar/data/0000104169/000114036126007628/ef20066973_ex-6.htm

⁷⁷ SEC EDGAR — Walmart Inc. Form Schedule 13G/A (Walton family individual ownership disclosures) — https://www.sec.gov/Archives/edgar/data/0000104169/000114036125002729/ef20039847_ex1.htm

⁸² Yahoo Finance — WMT Key Statistics (trailing P/E 45.69, forward P/E 42.37, as of April 1, 2026) — https://finance.yahoo.com/quote/WMT/

⁸³ Motley Fool — “This Retail Giant Is Trading for Half the Price of Walmart” (Amazon EV/EBITDA 10.8x vs. Walmart 21x+) — March 28, 2026 — https://www.fool.com/investing/2026/03/28/this-retail-giant-is-trading-for-half-the-price-of/

⁸⁵ SEC EDGAR — Walmart Inc. Form 8-K (Q4 FY26 Earnings Presentation, supply chain automation metrics) — February 19, 2026 — https://www.sec.gov/Archives/edgar/data/0000104169/000010416926000032/earningspresentationfy26.htm

⁸⁶ PortfoliosLab referencing public financial data — WMT vs. COST margin comparison (Costco operating margin 3.7%, gross margin 13.1%, Q1 January 2026) — https://portfolioslab.com/tools/stock-comparison/WMT/COST

⁸⁷ PortfoliosLab referencing public financial data — WMT vs. TGT margin comparison (Target operating margin 5.9%, Q4) — https://portfolioslab.com/tools/stock-comparison/WMT/TGT

⁸⁸ Investing.com — WMT Technical Analysis (RSI 14-day 51.58, MACD 0.010) — April 2026 — https://www.investing.com/equities/wal-mart-stores-technical

⁹⁵ TradingView — WMT Technical Analysis (Strong Buy weekly/monthly, neutral oscillators daily) — April 2026 — https://www.tradingview.com/symbols/NASDAQ-WMT/technicals/

⁹⁶ LiteFinance referencing public market data — WMT technical analysis (MACD near zero, RSI declining) — March/April 2026 — https://www.litefinance.org/blog/analysts-opinions/walmart-stock-forecast-and-price-prediction/

⁹⁷ TrendSpider — WMT Overview (dividend yield 0.78%, next earnings May 14, 2026, 53 consecutive dividend growth years) — April 2026 — https://trendspider.com/markets/symbols/WMT/

⁹⁸ Yahoo Finance referencing Motley Fool transcript — Walmart Inc (WMT) Q4 2026 Earnings Call Highlights — February 19, 2026 — https://finance.yahoo.com/news/walmart-inc-wmt-q4-2026-190309172.html

⁹⁹ Financial Content / Finterra — Walmart Inc. WMT: The Omni-Channel Evolution of a Global Retail Titan (advertising + membership ~one-third of operating income FY26; e-commerce crossed $100B) — April 3, 2026 — https://markets.financialcontent.com/stocks/article/finterra-2026-4-3-walmart-inc-wmt-the-omni-channel-evolution-of-a-global-retail-titan

¹⁰⁰ SEC EDGAR — Walmart Inc. Q4 FY26 Earnings Presentation (U.S. comp sales +4.6%, share gains across all income tiers including upper-income) — February 19, 2026 — https://www.sec.gov/Archives/edgar/data/0000104169/000010416926000032/earningspresentationfy26.htm

¹⁰¹ MLQ.ai referencing Walmart Q4 FY26 filings — “Walmart’s Advertising Revenue Hits $6.4 Billion” (46% growth FY26, ~1% of net sales vs. Amazon ~8%) — February 2026 — https://mlq.ai/news/walmarts-advertising-revenue-hits-64-billion-as-high-margin-businesses-reshape-its-profit-mix/

¹⁰⁸ Stock Analysis referencing public analyst data — WMT Forecast (31 analysts, average target $130.84, range $91–$150) — April 2026 — https://stockanalysis.com/stocks/wmt/forecast/

¹⁰⁹ TickerNerd referencing public analyst data — WMT analyst price targets (56 analysts referenced, median $130, range $62–$150) — April 2026 — https://tickernerd.com/stock/wmt-forecast/

¹¹² Investing.com referencing public analyst data — WMT consensus (40 analysts, Strong Buy, average target $126.75, range $62–$150) — April 2026 — https://www.investing.com/equities/wal-mart-stores-consensus-estimates

¹¹³ TipRanks referencing public analyst data — WMT consensus (29 analysts, Strong Buy, average target $138.92, range $120–$150, based on last 3 months) — March/April 2026 — https://www.tipranks.com/stocks/wmt/forecast

¹¹⁶ Yahoo Finance / Walmart Price Prediction article — WMT 52-week gain +46.33%, YTD +11.08%, 52-week range $79.11–$134.41 — March 30, 2026 — https://finance.yahoo.com/markets/stocks/articles/walmart-price-prediction-steady-growth-143503536.html

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