Price to Book Value (P/BV)
since 2005
Paying user area
Try for free
Walmart Inc. pages available for free this week:
- Statement of Comprehensive Income
- Common-Size Income Statement
- Analysis of Solvency Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Common Stock Valuation Ratios
- Enterprise Value (EV)
- Dividend Discount Model (DDM)
- Total Asset Turnover since 2005
- Price to Operating Profit (P/OP) since 2005
- Price to Sales (P/S) since 2005
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Walmart Inc. for $24.99.
This is a one-time payment. There is no automatic renewal.
We accept:
Calculation
Walmart Inc., P/BV, long-term trends, calculation
| P/BV | = | Share price1, 2, 3 | ÷ | Book value per share1 (BVPS) | BVPS1 | = | Total Walmart shareholders’ equity1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar 14, 2025 | = | ÷ | = | ÷ | |||||||
| Mar 15, 2024 | = | ÷ | = | ÷ | |||||||
| Mar 17, 2023 | = | ÷ | = | ÷ | |||||||
| Mar 18, 2022 | = | ÷ | = | ÷ | |||||||
| Mar 19, 2021 | = | ÷ | = | ÷ | |||||||
| Mar 20, 2020 | = | ÷ | = | ÷ | |||||||
| Mar 28, 2019 | = | ÷ | = | ÷ | |||||||
| Mar 30, 2018 | = | ÷ | = | ÷ | |||||||
| Mar 31, 2017 | = | ÷ | = | ÷ | |||||||
| Mar 30, 2016 | = | ÷ | = | ÷ | |||||||
| Apr 1, 2015 | = | ÷ | = | ÷ | |||||||
| Mar 21, 2014 | = | ÷ | = | ÷ | |||||||
| Mar 26, 2013 | = | ÷ | = | ÷ | |||||||
| Mar 27, 2012 | = | ÷ | = | ÷ | |||||||
| Mar 30, 2011 | = | ÷ | = | ÷ | |||||||
| Mar 30, 2010 | = | ÷ | = | ÷ | |||||||
| Apr 1, 2009 | = | ÷ | = | ÷ | |||||||
| Mar 31, 2008 | = | ÷ | = | ÷ | |||||||
| Mar 27, 2007 | = | ÷ | = | ÷ | |||||||
| Mar 29, 2006 | = | ÷ | = | ÷ | |||||||
| Mar 31, 2005 | = | ÷ | = | ÷ |
Based on: 10-K (reporting date: 2025-01-31), 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31), 10-K (reporting date: 2018-01-31), 10-K (reporting date: 2017-01-31), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-01-31), 10-K (reporting date: 2013-01-31), 10-K (reporting date: 2012-01-31), 10-K (reporting date: 2011-01-31), 10-K (reporting date: 2010-01-31), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-01-31), 10-K (reporting date: 2007-01-31), 10-K (reporting date: 2006-01-31), 10-K (reporting date: 2005-01-31).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of Walmart Inc. Annual Report.
The analysis of the financial data over the twenty-year period reveals distinct trends in key valuation metrics for the company.
- Share Price
- The share price shows a general upward trajectory, increasing from $16.70 in 2005 to $85.35 in 2025. While early years saw modest fluctuations and occasional declines, particularly around 2015-2016, the overall long-term trend is strong growth. Notable acceleration occurs from 2017 onward, with the price more than doubling between 2017 and 2025, indicating increasing investor confidence or market valuation over time.
- Book Value per Share (BVPS)
- Book value per share steadily increased from $3.89 in 2005 to $11.35 in 2025. The growth is relatively stable and gradual throughout the period, suggesting consistent accumulation of equity or retained earnings. There are minor fluctuations, for example a slight dip in 2019 and 2023, but the overall trend remains positive, reflecting strengthening fundamental value backing each share.
- Price-to-Book Value Ratio (P/BV)
- The price-to-book ratio exhibits significant variability but a clear upward trend over the twenty years. Starting at 4.29 in 2005, it declines to a low near 2.67 in 2011, indicating undervaluation or depressed market pricing relative to book value during that period. Post-2011, the ratio increases continuously, reaching a peak of 7.52 by 2025. This suggests that the market is valuing the company at a higher premium relative to its book value, potentially reflecting growth expectations, improved profitability, or market sentiment.
- Overall Interpretation
- The combination of steadily increasing book value per share with a rapidly rising share price and P/B ratio indicates that the company has improved its intrinsic net asset base while simultaneously gaining greater investor valuation multiples. The elevated P/B ratios in recent years may suggest optimistic market outlooks or limited perceived risk. However, the sharp rise in valuation multiples also warrants consideration of potential overvaluation risk depending on future performance metrics.
Comparison to Competitors
Walmart Inc., P/BV, long-term trends, comparison to competitors
| Walmart Inc. | Costco Wholesale Corp. | Target Corp. | |
|---|---|---|---|
| Mar 14, 2025 | |||
| Mar 15, 2024 | |||
| Mar 17, 2023 | |||
| Mar 18, 2022 | |||
| Mar 19, 2021 | |||
| Mar 20, 2020 | |||
| Mar 28, 2019 | |||
| Mar 30, 2018 | |||
| Mar 31, 2017 | |||
| Mar 30, 2016 | |||
| Apr 1, 2015 | |||
| Mar 21, 2014 | |||
| Mar 26, 2013 | |||
| Mar 27, 2012 | |||
| Mar 30, 2011 | |||
| Mar 30, 2010 | |||
| Apr 1, 2009 | |||
| Mar 31, 2008 | |||
| Mar 27, 2007 | |||
| Mar 29, 2006 | |||
| Mar 31, 2005 |
Based on: 10-K (reporting date: 2025-01-31), 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31), 10-K (reporting date: 2018-01-31), 10-K (reporting date: 2017-01-31), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-01-31), 10-K (reporting date: 2013-01-31), 10-K (reporting date: 2012-01-31), 10-K (reporting date: 2011-01-31), 10-K (reporting date: 2010-01-31), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-01-31), 10-K (reporting date: 2007-01-31), 10-K (reporting date: 2006-01-31), 10-K (reporting date: 2005-01-31).
Comparison to Sector (Consumer Staples Distribution & Retail)
Walmart Inc., P/BV, long-term trends, comparison to sector (consumer staples distribution & retail)
| Walmart Inc. | Consumer Staples Distribution & Retail | |
|---|---|---|
| Mar 14, 2025 | ||
| Mar 15, 2024 | ||
| Mar 17, 2023 | ||
| Mar 18, 2022 | ||
| Mar 19, 2021 | ||
| Mar 20, 2020 | ||
| Mar 28, 2019 | ||
| Mar 30, 2018 | ||
| Mar 31, 2017 | ||
| Mar 30, 2016 | ||
| Apr 1, 2015 | ||
| Mar 21, 2014 | ||
| Mar 26, 2013 | ||
| Mar 27, 2012 | ||
| Mar 30, 2011 | ||
| Mar 30, 2010 | ||
| Apr 1, 2009 | ||
| Mar 31, 2008 | ||
| Mar 27, 2007 | ||
| Mar 29, 2006 | ||
| Mar 31, 2005 |
Based on: 10-K (reporting date: 2025-01-31), 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31), 10-K (reporting date: 2018-01-31), 10-K (reporting date: 2017-01-31), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-01-31), 10-K (reporting date: 2013-01-31), 10-K (reporting date: 2012-01-31), 10-K (reporting date: 2011-01-31), 10-K (reporting date: 2010-01-31), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-01-31), 10-K (reporting date: 2007-01-31), 10-K (reporting date: 2006-01-31), 10-K (reporting date: 2005-01-31).
Comparison to Industry (Consumer Staples)
Walmart Inc., P/BV, long-term trends, comparison to industry (consumer staples)
| Walmart Inc. | Consumer Staples | |
|---|---|---|
| Mar 14, 2025 | ||
| Mar 15, 2024 | ||
| Mar 17, 2023 | ||
| Mar 18, 2022 | ||
| Mar 19, 2021 | ||
| Mar 20, 2020 | ||
| Mar 28, 2019 | ||
| Mar 30, 2018 | ||
| Mar 31, 2017 | ||
| Mar 30, 2016 | ||
| Apr 1, 2015 | ||
| Mar 21, 2014 | ||
| Mar 26, 2013 | ||
| Mar 27, 2012 | ||
| Mar 30, 2011 | ||
| Mar 30, 2010 | ||
| Apr 1, 2009 | ||
| Mar 31, 2008 | ||
| Mar 27, 2007 | ||
| Mar 29, 2006 | ||
| Mar 31, 2005 |
Based on: 10-K (reporting date: 2025-01-31), 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31), 10-K (reporting date: 2018-01-31), 10-K (reporting date: 2017-01-31), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-01-31), 10-K (reporting date: 2013-01-31), 10-K (reporting date: 2012-01-31), 10-K (reporting date: 2011-01-31), 10-K (reporting date: 2010-01-31), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-01-31), 10-K (reporting date: 2007-01-31), 10-K (reporting date: 2006-01-31), 10-K (reporting date: 2005-01-31).