Walmart (WMT) Financial Ratios: P/E, ROE & More

Walmart (WMT) Financial Ratios

For fiscal 2026 (fiscal year ended Jan 31, 2026), Walmart had a P/E ratio of 43.37 (up from 40.57), return on equity of 21.9% (up from 21.4%), debt-to-equity of 0.64 (up from 0.64) and a current ratio of 0.79 (down from 0.82). A current ratio of 0.79 means current liabilities exceed current assets. Its dividend yield was 0.79% with a payout ratio of 34.3%.

Walmart Financial Ratios Analysis

Valuation, profitability, leverage, and liquidity ratios

Income Statement Balance Sheet Cash Flow Ratios

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Breakdown	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period ending	Jan 2026	Jan 2025	Jan 2024	Jan 2023	Jan 2022	Jan 2021
Valuation Ratios
P/E Ratio	43.37	40.57	28.68	33.22	28.36	29.42
Forward P/E	41.65	36.96	24.21	22.76	21.06	24.69
P/S Ratio	1.33	1.16	0.69	0.64	0.68	0.71
P/B Ratio	8.94	8.07	4.91	4.62	4.22	4.54
Price/Tangible Book	14.26	13.66	8.61	8.77	7.84	8.45
Price/FCF	63.63	62.29	29.42	32.38	35.02	15.40
Price/OCF	22.84	21.64	12.45	13.45	16.04	11.02
PEG Ratio	5.17	3.81	3.30	4.40	2.29	3.05
Enterprise Value Ratios
EV/Revenue	1.42	1.25	0.79	0.74	0.77	0.82
EV/EBITDA	23.03	20.05	13.15	12.76	11.98	13.60
EV/EBIT	33.99	28.91	18.92	18.45	16.91	20.33
EV/FCF	67.94	67.02	33.80	37.76	39.61	17.76
Profitability & Returns
Return on Equity (ROE)	21.85%	21.41%	18.64%	12.84%	15.54%	16.21%
Return on Assets (ROA)	6.83%	7.15%	6.81%	6.28%	6.52%	5.76%
Return on Invested Capital (ROIC)	14.33%	15.26%	14.35%	11.97%	14.38%	10.79%
Return on Capital Employed (ROCE)	16.80%	17.90%	16.90%	16.20%	16.50%	14.10%
Leverage & Solvency Ratios
Debt/Equity	0.64	0.64	0.70	0.73	0.64	0.73
Debt/EBITDA	1.44	1.36	1.50	1.58	1.47	1.72
Debt/FCF	4.58	4.91	4.18	5.09	5.28	2.47
Liquidity Ratios
Current Ratio	0.79	0.82	0.83	0.82	0.93	0.97
Quick Ratio	0.20	0.20	0.20	0.18	0.26	0.26
Efficiency Ratios
Asset Turnover	2.62	2.65	2.62	2.50	2.30	2.29
Inventory Turnover	9.29	9.19	8.79	8.20	8.46	9.40
Yield & Distribution Ratios
Earnings Yield	2.31%	2.46%	3.49%	3.01%	3.53%	3.40%
FCF Yield	1.57%	1.60%	3.40%	3.09%	2.86%	6.49%
Dividend Yield	0.79%	0.84%	1.38%	1.56%	1.57%	1.65%
Payout Ratio	34.29%	34.41%	39.59%	52.35%	44.99%	45.27%
Buyback Yield	0.73%	0.33%	1.15%	2.53%	1.48%	0.73%
Total Return	1.52%	1.18%	2.52%	4.09%	3.04%	2.38%

Source: Company financial statements from annual and quarterly filings. Data as of Jul 31, 2026. Data sources and methodology

Frequently Asked Questions About Walmart Financial Ratios

What is Walmart's P/E ratio?

Walmart's P/E ratio was 43.37 for fiscal 2026 (period ended Jan 31, 2026). It was 40.57 a year earlier.

What is Walmart's return on equity?

Walmart's return on equity (ROE) was 21.9% for fiscal 2026 (period ended Jan 31, 2026). It was 21.4% a year earlier.

What is Walmart's debt-to-equity ratio?

Walmart's debt-to-equity ratio was 0.64 for fiscal 2026 (period ended Jan 31, 2026). It was 0.64 a year earlier.

What is return on equity (ROE)?

Return on equity is net income divided by shareholders' equity. It measures how much profit a company generates from the capital its shareholders have invested. Full definition