Common Stock Valuation Ratios (Price Multiples)
Quarterly Data
Valuation ratios measure the quantity of an asset or flaw (e.g., earnings) associated with ownership of a specified claim (e.g., a share of ownership of the enterprise).
Historical Valuation Ratios (Summary)
Walmart Inc., historical price multiples (quarterly data)
Based on: 10-Q (filing date: 2020-12-02), 10-Q (filing date: 2020-09-02), 10-Q (filing date: 2020-06-03), 10-K (filing date: 2020-03-20), 10-Q (filing date: 2019-12-04), 10-Q (filing date: 2019-09-06), 10-Q (filing date: 2019-06-07), 10-K (filing date: 2019-03-28), 10-Q (filing date: 2018-11-30), 10-Q (filing date: 2018-09-06), 10-Q (filing date: 2018-06-04), 10-K (filing date: 2018-03-30), 10-Q (filing date: 2017-12-01), 10-Q (filing date: 2017-08-31), 10-Q (filing date: 2017-06-02), 10-K (filing date: 2017-03-31), 10-Q (filing date: 2016-12-01), 10-Q (filing date: 2016-08-31), 10-Q (filing date: 2016-06-03), 10-K (filing date: 2016-03-30), 10-Q (filing date: 2015-12-02), 10-Q (filing date: 2015-09-09), 10-Q (filing date: 2015-06-05), 10-K (filing date: 2015-04-01), 10-Q (filing date: 2014-12-01), 10-Q (filing date: 2014-09-05), 10-Q (filing date: 2014-06-06).
| Valuation ratio | Description | The company |
|---|---|---|
| P/E ratio | The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. | Walmart Inc.’s P/E ratio increased from Q1 2021 to Q2 2021 but then decreased significantly from Q2 2021 to Q3 2021. |
| P/OP ratio | Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. | Walmart Inc.’s P/OP ratio increased from Q1 2021 to Q2 2021 but then slightly decreased from Q2 2021 to Q3 2021. |
| P/S ratio | An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. | Walmart Inc.’s P/S ratio increased from Q1 2021 to Q2 2021 and from Q2 2021 to Q3 2021. |
| P/BV ratio | The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company’s required rate of return and its actual rate of return. | Walmart Inc.’s P/BV ratio increased from Q1 2021 to Q2 2021 but then slightly decreased from Q2 2021 to Q3 2021 not reaching Q1 2021 level. |
Price to Earnings (P/E)
Walmart Inc., historical P/E calculation (quarterly data)
| Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | Jan 31, 2019 | Oct 31, 2018 | Jul 31, 2018 | Apr 30, 2018 | Jan 31, 2018 | Oct 31, 2017 | Jul 31, 2017 | Apr 30, 2017 | Jan 31, 2017 | Oct 31, 2016 | Jul 31, 2016 | Apr 30, 2016 | Jan 31, 2016 | Oct 31, 2015 | Jul 31, 2015 | Apr 30, 2015 | Jan 31, 2015 | Oct 31, 2014 | Jul 31, 2014 | Apr 30, 2014 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 2,829,285,926 | 2,833,752,938 | 2,831,953,450 | 2,832,277,220 | 2,837,174,936 | 2,844,284,080 | 2,854,722,137 | 2,869,684,230 | 2,905,260,059 | 2,928,734,576 | 2,950,844,393 | 2,950,696,818 | 2,962,381,445 | 2,987,201,643 | 3,014,499,132 | 3,033,009,079 | 3,073,190,306 | 3,093,257,531 | 3,116,646,721 | 3,144,335,104 | 3,201,893,234 | 3,205,941,803 | 3,220,548,651 | 3,226,062,652 | 3,223,189,895 | 3,222,513,219 | 3,223,604,679 | ||||||||
| Selected Financial Data (US$) | |||||||||||||||||||||||||||||||||||
| Consolidated net income (loss) attributable to Walmart (in millions) | 5,135 | 6,476 | 3,990 | 4,141 | 3,288 | 3,610 | 3,842 | 3,687 | 1,710 | (861) | 2,134 | 2,175 | 1,749 | 2,899 | 3,039 | 3,757 | 3,034 | 3,773 | 3,079 | 4,574 | 3,304 | 3,475 | 3,341 | 4,966 | 3,711 | 4,093 | 3,593 | ||||||||
| Earnings per share (EPS)2 | 6.98 | 6.31 | 5.31 | 5.25 | 5.08 | 4.52 | 2.93 | 2.32 | 1.78 | 1.77 | 3.04 | 3.34 | 3.86 | 4.26 | 4.51 | 4.50 | 4.71 | 4.76 | 4.63 | 4.67 | 4.71 | 4.83 | 5.00 | 5.07 | 0.00 | 0.00 | 0.00 | ||||||||
| Share price1, 3 | 150.52 | 147.68 | 123.47 | 113.97 | 118.69 | 114.73 | 106.06 | 97.13 | 97.65 | 96.45 | 85.42 | 88.97 | 97.35 | 78.07 | 79.62 | 72.08 | 70.67 | 71.44 | 70.87 | 68.80 | 58.35 | 65.12 | 73.06 | 80.71 | 86.22 | 77.51 | 77.21 | ||||||||
| Valuation Ratio | |||||||||||||||||||||||||||||||||||
| P/E ratio4 | 21.57 | 23.39 | 23.27 | 21.69 | 23.34 | 25.40 | 36.14 | 41.79 | 55.00 | 54.35 | 28.14 | 26.62 | 25.20 | 18.32 | 17.64 | 16.02 | 15.02 | 15.00 | 15.30 | 14.72 | 12.38 | 13.48 | 14.60 | 15.91 | — | — | — | ||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||||
| P/E Ratio, Competitors5 | |||||||||||||||||||||||||||||||||||
| Amazon.com Inc. | — | — | — | — | 87.67 | 120.27 | 107.96 | 86.29 | 76.96 | 79.46 | 80.00 | 79.30 | 90.24 | 141.25 | 193.77 | 228.24 | 275.45 | 254.95 | 171.23 | 166.53 | 175.32 | 186.29 | 266.91 | 463.73 | — | — | — | ||||||||
| Costco Wholesale Corp. | — | — | 37.85 | 40.02 | 36.98 | 32.71 | 34.68 | 35.76 | 30.65 | 30.15 | 26.63 | 30.51 | 29.51 | 27.50 | 29.57 | 25.70 | 31.20 | 30.52 | 29.18 | 27.99 | 28.58 | 29.10 | 29.37 | 27.57 | — | — | — | ||||||||
| Dollar General Corp. | 20.63 | 21.44 | 23.43 | 21.04 | 23.78 | 24.63 | 20.38 | 19.18 | 15.05 | 16.15 | 14.41 | 15.73 | 20.43 | 16.20 | 17.35 | 15.28 | 16.73 | 17.30 | 20.69 | 20.63 | 17.32 | 19.41 | 20.32 | 21.58 | — | — | — | ||||||||
| Home Depot Inc. | 23.56 | 26.04 | 24.24 | 17.38 | 21.68 | 21.33 | 18.61 | 18.87 | 18.09 | 23.25 | 23.90 | 23.51 | 23.49 | 21.04 | 22.66 | 22.37 | 20.76 | 22.62 | 22.94 | 23.32 | 24.49 | 21.18 | 22.26 | 23.15 | — | — | — | ||||||||
| Lowe’s Cos. Inc. | 21.14 | 22.50 | 21.16 | 11.96 | 30.02 | 33.94 | 30.97 | 37.80 | 19.79 | 22.59 | 20.76 | 20.26 | 20.14 | 20.58 | 23.64 | 22.62 | 25.20 | 24.06 | 25.75 | 26.67 | 23.39 | 22.12 | 23.82 | 26.24 | — | — | — | ||||||||
| Target Corp. | 23.56 | 21.44 | 22.08 | 16.12 | 19.66 | 17.35 | 13.68 | 13.56 | 11.50 | 14.71 | 12.87 | 12.97 | 11.87 | 11.12 | 10.98 | 11.11 | 13.17 | 12.54 | 12.15 | 14.61 | — | — | — | — | — | — | — | ||||||||
| TJX Cos. Inc. | 103.90 | 92.86 | 38.61 | 17.13 | 22.88 | 21.70 | 20.04 | 21.11 | 18.79 | 22.95 | 20.28 | 20.19 | 19.07 | 19.68 | 20.89 | 22.11 | 22.33 | 22.23 | 21.93 | 22.87 | 20.97 | 21.04 | 19.60 | 21.62 | — | — | — | ||||||||
Based on: 10-Q (filing date: 2020-12-02), 10-Q (filing date: 2020-09-02), 10-Q (filing date: 2020-06-03), 10-K (filing date: 2020-03-20), 10-Q (filing date: 2019-12-04), 10-Q (filing date: 2019-09-06), 10-Q (filing date: 2019-06-07), 10-K (filing date: 2019-03-28), 10-Q (filing date: 2018-11-30), 10-Q (filing date: 2018-09-06), 10-Q (filing date: 2018-06-04), 10-K (filing date: 2018-03-30), 10-Q (filing date: 2017-12-01), 10-Q (filing date: 2017-08-31), 10-Q (filing date: 2017-06-02), 10-K (filing date: 2017-03-31), 10-Q (filing date: 2016-12-01), 10-Q (filing date: 2016-08-31), 10-Q (filing date: 2016-06-03), 10-K (filing date: 2016-03-30), 10-Q (filing date: 2015-12-02), 10-Q (filing date: 2015-09-09), 10-Q (filing date: 2015-06-05), 10-K (filing date: 2015-04-01), 10-Q (filing date: 2014-12-01), 10-Q (filing date: 2014-09-05), 10-Q (filing date: 2014-06-06).
1 Data adjusted for splits and stock dividends.
2 Q3 2021 Calculation
EPS
= (Consolidated net income (loss) attributable to WalmartQ3 2021
+ Consolidated net income (loss) attributable to WalmartQ2 2021
+ Consolidated net income (loss) attributable to WalmartQ1 2021
+ Consolidated net income (loss) attributable to WalmartQ4 2020)
÷ No. shares of common stock outstanding
= (5,135,000,000 + 6,476,000,000 + 3,990,000,000 + 4,141,000,000)
÷ 2,829,285,926 = 6.98
3 Closing price as at the filing date of Walmart Inc.’s Quarterly or Annual Report.
4 Q3 2021 Calculation
P/E ratio = Share price ÷ EPS
= 150.52 ÷ 6.98 = 21.57
5 Click competitor name to see calculations.
| Valuation ratio | Description | The company |
|---|---|---|
| P/E ratio | The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. | Walmart Inc.’s P/E ratio increased from Q1 2021 to Q2 2021 but then decreased significantly from Q2 2021 to Q3 2021. |
Price to Operating Profit (P/OP)
Walmart Inc., historical P/OP calculation (quarterly data)
| Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | Jan 31, 2019 | Oct 31, 2018 | Jul 31, 2018 | Apr 30, 2018 | Jan 31, 2018 | Oct 31, 2017 | Jul 31, 2017 | Apr 30, 2017 | Jan 31, 2017 | Oct 31, 2016 | Jul 31, 2016 | Apr 30, 2016 | Jan 31, 2016 | Oct 31, 2015 | Jul 31, 2015 | Apr 30, 2015 | Jan 31, 2015 | Oct 31, 2014 | Jul 31, 2014 | Apr 30, 2014 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 2,829,285,926 | 2,833,752,938 | 2,831,953,450 | 2,832,277,220 | 2,837,174,936 | 2,844,284,080 | 2,854,722,137 | 2,869,684,230 | 2,905,260,059 | 2,928,734,576 | 2,950,844,393 | 2,950,696,818 | 2,962,381,445 | 2,987,201,643 | 3,014,499,132 | 3,033,009,079 | 3,073,190,306 | 3,093,257,531 | 3,116,646,721 | 3,144,335,104 | 3,201,893,234 | 3,205,941,803 | 3,220,548,651 | 3,226,062,652 | 3,223,189,895 | 3,222,513,219 | 3,223,604,679 | ||||||||
| Selected Financial Data (US$) | |||||||||||||||||||||||||||||||||||
| Operating income (in millions) | 5,778 | 6,059 | 5,224 | 5,322 | 4,718 | 5,583 | 4,945 | 6,067 | 4,986 | 5,750 | 5,154 | 4,467 | 4,764 | 5,969 | 5,237 | 6,205 | 5,119 | 6,165 | 5,275 | 6,642 | 5,714 | 6,069 | 5,680 | 7,949 | 6,265 | 6,740 | 6,193 | ||||||||
| Operating profit per share2 | 7.91 | 7.52 | 7.36 | 7.26 | 7.51 | 7.59 | 7.62 | 7.65 | 7.01 | 6.87 | 6.90 | 6.93 | 7.49 | 7.54 | 7.54 | 7.51 | 7.55 | 7.69 | 7.60 | 7.67 | 7.94 | 8.10 | 8.27 | 8.41 | 0.00 | 0.00 | 0.00 | ||||||||
| Share price1, 3 | 150.52 | 147.68 | 123.47 | 113.97 | 118.69 | 114.73 | 106.06 | 97.13 | 97.65 | 96.45 | 85.42 | 88.97 | 97.35 | 78.07 | 79.62 | 72.08 | 70.67 | 71.44 | 70.87 | 68.80 | 58.35 | 65.12 | 73.06 | 80.71 | 86.22 | 77.51 | 77.21 | ||||||||
| Valuation Ratio | |||||||||||||||||||||||||||||||||||
| P/OP ratio4 | 19.03 | 19.63 | 16.77 | 15.69 | 15.80 | 15.12 | 13.92 | 12.69 | 13.94 | 14.03 | 12.38 | 12.85 | 13.01 | 10.35 | 10.56 | 9.60 | 9.36 | 9.29 | 9.32 | 8.97 | 7.35 | 8.04 | 8.83 | 9.59 | — | — | — | ||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||||
| P/OP Ratio, Competitors5 | |||||||||||||||||||||||||||||||||||
| Amazon.com Inc. | — | — | — | — | 76.53 | 93.97 | 80.81 | 68.77 | 60.44 | 64.01 | 64.39 | 64.31 | 74.65 | 120.05 | 151.77 | 168.59 | 163.99 | 141.50 | 107.31 | 94.32 | 91.33 | 92.95 | 102.07 | 123.77 | — | — | — | ||||||||
| Costco Wholesale Corp. | — | — | 28.20 | 29.47 | 27.61 | 25.16 | 26.72 | 27.62 | 23.41 | 22.29 | 19.39 | 21.34 | 19.81 | 18.56 | 19.47 | 16.75 | 20.57 | 19.45 | 18.77 | 17.91 | 18.37 | 18.67 | 19.15 | 18.09 | — | — | — | ||||||||
| Dollar General Corp. | 15.44 | 16.06 | 17.44 | 15.65 | 17.79 | 18.49 | 15.34 | 14.41 | 13.02 | 13.51 | 11.56 | 12.05 | 12.28 | 9.72 | 10.43 | 9.26 | 10.17 | 10.51 | 12.53 | 12.39 | 10.46 | 11.74 | 12.26 | 13.00 | — | — | — | ||||||||
| Home Depot Inc. | 16.72 | 18.45 | 17.14 | 12.33 | 15.22 | 15.18 | 13.28 | 13.51 | 12.45 | 15.12 | 14.65 | 13.82 | 14.00 | 12.57 | 13.51 | 13.26 | 12.23 | 13.24 | 13.54 | 13.88 | 14.84 | 12.97 | 13.50 | 14.03 | — | — | — | ||||||||
| Lowe’s Cos. Inc. | 12.50 | 15.21 | 14.04 | 8.11 | 18.48 | 20.49 | 18.51 | 21.77 | 12.85 | 14.16 | 12.26 | 10.61 | 10.60 | 10.25 | 11.42 | 11.97 | 12.26 | 12.46 | 13.33 | 13.66 | 13.05 | 12.26 | 13.20 | 14.77 | — | — | — | ||||||||
| Target Corp. | 15.26 | 15.20 | 15.33 | 11.35 | 13.94 | 12.44 | 9.80 | 9.69 | 8.99 | 10.87 | 9.16 | 8.83 | 6.98 | 6.57 | 6.33 | 6.12 | 7.61 | 7.36 | 7.18 | 8.88 | 9.11 | 9.34 | 10.95 | 11.20 | — | — | — | ||||||||
| TJX Cos. Inc. | 74.61 | 60.02 | 30.12 | 12.69 | 16.79 | 15.73 | 14.53 | 15.31 | 13.99 | 16.65 | 14.11 | 13.54 | 11.86 | 11.90 | 12.60 | 13.20 | 13.36 | 13.63 | 13.47 | 14.06 | 12.92 | 12.95 | 12.02 | 13.28 | — | — | — | ||||||||
Based on: 10-Q (filing date: 2020-12-02), 10-Q (filing date: 2020-09-02), 10-Q (filing date: 2020-06-03), 10-K (filing date: 2020-03-20), 10-Q (filing date: 2019-12-04), 10-Q (filing date: 2019-09-06), 10-Q (filing date: 2019-06-07), 10-K (filing date: 2019-03-28), 10-Q (filing date: 2018-11-30), 10-Q (filing date: 2018-09-06), 10-Q (filing date: 2018-06-04), 10-K (filing date: 2018-03-30), 10-Q (filing date: 2017-12-01), 10-Q (filing date: 2017-08-31), 10-Q (filing date: 2017-06-02), 10-K (filing date: 2017-03-31), 10-Q (filing date: 2016-12-01), 10-Q (filing date: 2016-08-31), 10-Q (filing date: 2016-06-03), 10-K (filing date: 2016-03-30), 10-Q (filing date: 2015-12-02), 10-Q (filing date: 2015-09-09), 10-Q (filing date: 2015-06-05), 10-K (filing date: 2015-04-01), 10-Q (filing date: 2014-12-01), 10-Q (filing date: 2014-09-05), 10-Q (filing date: 2014-06-06).
1 Data adjusted for splits and stock dividends.
2 Q3 2021 Calculation
Operating profit per share
= (Operating incomeQ3 2021
+ Operating incomeQ2 2021
+ Operating incomeQ1 2021
+ Operating incomeQ4 2020)
÷ No. shares of common stock outstanding
= (5,778,000,000 + 6,059,000,000 + 5,224,000,000 + 5,322,000,000)
÷ 2,829,285,926 = 7.91
3 Closing price as at the filing date of Walmart Inc.’s Quarterly or Annual Report.
4 Q3 2021 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= 150.52 ÷ 7.91 = 19.03
5 Click competitor name to see calculations.
| Valuation ratio | Description | The company |
|---|---|---|
| P/OP ratio | Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. | Walmart Inc.’s P/OP ratio increased from Q1 2021 to Q2 2021 but then slightly decreased from Q2 2021 to Q3 2021. |
Price to Sales (P/S)
Walmart Inc., historical P/S calculation (quarterly data)
| Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | Jan 31, 2019 | Oct 31, 2018 | Jul 31, 2018 | Apr 30, 2018 | Jan 31, 2018 | Oct 31, 2017 | Jul 31, 2017 | Apr 30, 2017 | Jan 31, 2017 | Oct 31, 2016 | Jul 31, 2016 | Apr 30, 2016 | Jan 31, 2016 | Oct 31, 2015 | Jul 31, 2015 | Apr 30, 2015 | Jan 31, 2015 | Oct 31, 2014 | Jul 31, 2014 | Apr 30, 2014 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 2,829,285,926 | 2,833,752,938 | 2,831,953,450 | 2,832,277,220 | 2,837,174,936 | 2,844,284,080 | 2,854,722,137 | 2,869,684,230 | 2,905,260,059 | 2,928,734,576 | 2,950,844,393 | 2,950,696,818 | 2,962,381,445 | 2,987,201,643 | 3,014,499,132 | 3,033,009,079 | 3,073,190,306 | 3,093,257,531 | 3,116,646,721 | 3,144,335,104 | 3,201,893,234 | 3,205,941,803 | 3,220,548,651 | 3,226,062,652 | 3,223,189,895 | 3,222,513,219 | 3,223,604,679 | ||||||||
| Selected Financial Data (US$) | |||||||||||||||||||||||||||||||||||
| Net sales (in millions) | 133,752 | 136,824 | 133,672 | 140,608 | 126,981 | 129,388 | 122,949 | 137,743 | 123,897 | 127,059 | 121,630 | 135,150 | 122,136 | 121,949 | 116,526 | 129,750 | 117,176 | 119,405 | 114,986 | 128,684 | 116,598 | 119,330 | 114,002 | 130,650 | 118,076 | 119,336 | 114,167 | ||||||||
| Sales per share2 | 192.58 | 189.88 | 187.38 | 183.57 | 182.25 | 180.71 | 179.23 | 177.83 | 174.76 | 172.76 | 169.74 | 168.01 | 165.53 | 162.49 | 160.18 | 158.69 | 156.27 | 155.07 | 153.88 | 152.21 | 150.09 | 150.36 | 149.68 | 149.48 | 0.00 | 0.00 | 0.00 | ||||||||
| Share price1, 3 | 150.52 | 147.68 | 123.47 | 113.97 | 118.69 | 114.73 | 106.06 | 97.13 | 97.65 | 96.45 | 85.42 | 88.97 | 97.35 | 78.07 | 79.62 | 72.08 | 70.67 | 71.44 | 70.87 | 68.80 | 58.35 | 65.12 | 73.06 | 80.71 | 86.22 | 77.51 | 77.21 | ||||||||
| Valuation Ratio | |||||||||||||||||||||||||||||||||||
| P/S ratio4 | 0.78 | 0.78 | 0.66 | 0.62 | 0.65 | 0.63 | 0.59 | 0.55 | 0.56 | 0.56 | 0.50 | 0.53 | 0.59 | 0.48 | 0.50 | 0.45 | 0.45 | 0.46 | 0.46 | 0.45 | 0.39 | 0.43 | 0.49 | 0.54 | — | — | — | ||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||||
| P/S Ratio, Competitors5 | |||||||||||||||||||||||||||||||||||
| Amazon.com Inc. | — | — | — | — | 4.38 | 4.93 | 3.85 | 3.56 | 3.29 | 3.81 | 3.98 | 3.43 | 3.64 | 4.26 | 3.95 | 3.89 | 3.29 | 3.26 | 3.10 | 2.90 | 2.88 | 2.98 | 2.74 | 2.58 | — | — | — | ||||||||
| Costco Wholesale Corp. | — | — | 0.97 | 0.98 | 0.87 | 0.80 | 0.86 | 0.88 | 0.76 | 0.72 | 0.61 | 0.69 | 0.65 | 0.61 | 0.63 | 0.55 | 0.66 | 0.61 | 0.60 | 0.57 | 0.58 | 0.59 | 0.61 | 0.58 | — | — | — | ||||||||
| Dollar General Corp. | 1.62 | 1.60 | 1.57 | 1.30 | 1.45 | 1.50 | 1.26 | 1.19 | 1.09 | 1.14 | 0.98 | 1.03 | 1.09 | 0.87 | 0.96 | 0.87 | 0.95 | 1.01 | 1.21 | 1.18 | 0.99 | 1.11 | 1.15 | 1.22 | — | — | — | ||||||||
| Home Depot Inc. | 2.34 | 2.58 | 2.37 | 1.77 | 2.17 | 2.17 | 1.91 | 1.94 | 1.81 | 2.20 | 2.11 | 2.01 | 2.03 | 1.82 | 1.93 | 1.88 | 1.71 | 1.83 | 1.84 | 1.85 | 1.95 | 1.67 | 1.73 | 1.77 | — | — | — | ||||||||
| Lowe’s Cos. Inc. | 1.33 | 1.60 | 1.31 | 0.71 | 1.23 | 1.20 | 1.02 | 1.23 | 1.03 | 1.26 | 1.15 | 1.02 | 1.04 | 0.93 | 1.00 | 1.08 | 0.98 | 1.10 | 1.18 | 1.15 | 1.20 | 1.09 | 1.15 | 1.26 | — | — | — | ||||||||
| Target Corp. | 1.03 | 0.90 | 0.77 | 0.69 | 0.83 | 0.72 | 0.55 | 0.53 | 0.50 | 0.62 | 0.53 | 0.53 | 0.45 | 0.44 | 0.44 | 0.44 | 0.63 | 0.58 | 0.56 | 0.67 | 0.61 | 0.63 | 0.70 | 0.70 | — | — | — | ||||||||
| TJX Cos. Inc. | 2.33 | 1.96 | 1.77 | 1.34 | 1.76 | 1.66 | 1.54 | 1.66 | 1.50 | 1.81 | 1.54 | 1.47 | 1.34 | 1.35 | 1.45 | 1.53 | 1.56 | 1.61 | 1.60 | 1.68 | 1.56 | 1.60 | 1.49 | 1.65 | — | — | — | ||||||||
Based on: 10-Q (filing date: 2020-12-02), 10-Q (filing date: 2020-09-02), 10-Q (filing date: 2020-06-03), 10-K (filing date: 2020-03-20), 10-Q (filing date: 2019-12-04), 10-Q (filing date: 2019-09-06), 10-Q (filing date: 2019-06-07), 10-K (filing date: 2019-03-28), 10-Q (filing date: 2018-11-30), 10-Q (filing date: 2018-09-06), 10-Q (filing date: 2018-06-04), 10-K (filing date: 2018-03-30), 10-Q (filing date: 2017-12-01), 10-Q (filing date: 2017-08-31), 10-Q (filing date: 2017-06-02), 10-K (filing date: 2017-03-31), 10-Q (filing date: 2016-12-01), 10-Q (filing date: 2016-08-31), 10-Q (filing date: 2016-06-03), 10-K (filing date: 2016-03-30), 10-Q (filing date: 2015-12-02), 10-Q (filing date: 2015-09-09), 10-Q (filing date: 2015-06-05), 10-K (filing date: 2015-04-01), 10-Q (filing date: 2014-12-01), 10-Q (filing date: 2014-09-05), 10-Q (filing date: 2014-06-06).
1 Data adjusted for splits and stock dividends.
2 Q3 2021 Calculation
Sales per share
= (Net salesQ3 2021
+ Net salesQ2 2021
+ Net salesQ1 2021
+ Net salesQ4 2020)
÷ No. shares of common stock outstanding
= (133,752,000,000 + 136,824,000,000 + 133,672,000,000 + 140,608,000,000)
÷ 2,829,285,926 = 192.58
3 Closing price as at the filing date of Walmart Inc.’s Quarterly or Annual Report.
4 Q3 2021 Calculation
P/S ratio = Share price ÷ Sales per share
= 150.52 ÷ 192.58 = 0.78
5 Click competitor name to see calculations.
| Valuation ratio | Description | The company |
|---|---|---|
| P/S ratio | An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. | Walmart Inc.’s P/S ratio increased from Q1 2021 to Q2 2021 and from Q2 2021 to Q3 2021. |
Price to Book Value (P/BV)
Walmart Inc., historical P/BV calculation (quarterly data)
| Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | Jan 31, 2019 | Oct 31, 2018 | Jul 31, 2018 | Apr 30, 2018 | Jan 31, 2018 | Oct 31, 2017 | Jul 31, 2017 | Apr 30, 2017 | Jan 31, 2017 | Oct 31, 2016 | Jul 31, 2016 | Apr 30, 2016 | Jan 31, 2016 | Oct 31, 2015 | Jul 31, 2015 | Apr 30, 2015 | Jan 31, 2015 | Oct 31, 2014 | Jul 31, 2014 | Apr 30, 2014 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 2,829,285,926 | 2,833,752,938 | 2,831,953,450 | 2,832,277,220 | 2,837,174,936 | 2,844,284,080 | 2,854,722,137 | 2,869,684,230 | 2,905,260,059 | 2,928,734,576 | 2,950,844,393 | 2,950,696,818 | 2,962,381,445 | 2,987,201,643 | 3,014,499,132 | 3,033,009,079 | 3,073,190,306 | 3,093,257,531 | 3,116,646,721 | 3,144,335,104 | 3,201,893,234 | 3,205,941,803 | 3,220,548,651 | 3,226,062,652 | 3,223,189,895 | 3,222,513,219 | 3,223,604,679 | ||||||||
| Selected Financial Data (US$) | |||||||||||||||||||||||||||||||||||
| Total Walmart shareholders’ equity (in millions) | 81,431 | 75,310 | 68,240 | 74,669 | 71,649 | 70,327 | 68,205 | 72,496 | 71,996 | 71,185 | 75,552 | 77,869 | 76,145 | 76,389 | 73,691 | 77,798 | 77,693 | 76,525 | 75,183 | 80,546 | 79,571 | 78,871 | 76,574 | 81,394 | 79,109 | 77,746 | 73,088 | ||||||||
| Book value per share (BVPS)2 | 28.78 | 26.58 | 24.10 | 26.36 | 25.25 | 24.73 | 23.89 | 25.26 | 24.78 | 24.31 | 25.60 | 26.39 | 25.70 | 25.57 | 24.45 | 25.65 | 25.28 | 24.74 | 24.12 | 25.62 | 24.85 | 24.60 | 23.78 | 25.23 | 24.54 | 24.13 | 22.67 | ||||||||
| Share price1, 3 | 150.52 | 147.68 | 123.47 | 113.97 | 118.69 | 114.73 | 106.06 | 97.13 | 97.65 | 96.45 | 85.42 | 88.97 | 97.35 | 78.07 | 79.62 | 72.08 | 70.67 | 71.44 | 70.87 | 68.80 | 58.35 | 65.12 | 73.06 | 80.71 | 86.22 | 77.51 | 77.21 | ||||||||
| Valuation Ratio | |||||||||||||||||||||||||||||||||||
| P/BV ratio4 | 5.23 | 5.56 | 5.12 | 4.32 | 4.70 | 4.64 | 4.44 | 3.84 | 3.94 | 3.97 | 3.34 | 3.37 | 3.79 | 3.05 | 3.26 | 2.81 | 2.80 | 2.89 | 2.94 | 2.69 | 2.35 | 2.65 | 3.07 | 3.20 | 3.51 | 3.21 | 3.41 | ||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||||
| P/BV Ratio, Competitors5 | |||||||||||||||||||||||||||||||||||
| Amazon.com Inc. | — | — | — | — | 18.40 | 21.50 | 17.47 | 16.11 | 15.45 | 18.11 | 19.84 | 18.34 | 20.53 | 25.33 | 24.25 | 24.98 | 21.52 | 21.11 | 20.40 | 20.47 | 20.74 | 21.75 | 21.09 | 20.65 | 22.59 | 21.04 | 19.06 | ||||||||
| Costco Wholesale Corp. | — | — | 11.01 | 8.76 | 8.17 | 7.44 | 8.17 | 8.58 | 7.63 | 7.50 | 6.59 | 7.47 | 7.32 | 6.93 | 7.40 | 6.39 | 8.00 | 5.85 | 5.88 | 5.44 | 5.81 | 6.11 | 6.39 | 6.17 | 5.84 | 6.35 | 5.05 | ||||||||
| Dollar General Corp. | 7.52 | 6.82 | 6.43 | 5.38 | 5.94 | 5.95 | 4.99 | 4.75 | 4.31 | 4.40 | 3.75 | 3.95 | 4.41 | 3.49 | 3.88 | 3.54 | 3.79 | 3.94 | 4.64 | 4.47 | 3.71 | 4.04 | 4.14 | 4.03 | 3.85 | 3.82 | 3.54 | ||||||||
| Home Depot Inc. | 191.69 | — | — | — | — | — | — | — | 144.66 | 114.03 | 127.78 | 139.52 | 79.38 | 49.72 | 46.72 | 41.08 | 28.38 | 25.28 | 26.19 | 25.88 | 22.23 | 16.50 | 15.83 | 15.76 | 12.65 | 10.79 | 8.97 | ||||||||
| Lowe’s Cos. Inc. | 27.86 | 29.56 | 56.37 | 25.96 | 36.00 | 32.50 | 22.70 | 24.01 | 13.54 | 15.37 | 13.85 | 11.89 | 12.47 | 11.38 | 12.01 | 10.87 | 9.32 | 9.74 | 9.85 | 8.87 | 8.33 | 7.22 | 6.90 | 7.10 | 5.80 | 4.62 | 4.10 | ||||||||
| Target Corp. | 6.76 | 6.00 | 5.48 | 4.47 | 5.53 | 4.62 | 3.71 | 3.52 | 3.36 | 4.08 | 3.43 | 3.25 | 2.82 | 2.78 | 2.78 | 2.78 | 3.98 | 3.56 | 3.25 | 3.79 | 3.40 | 3.33 | 3.61 | 3.63 | 2.81 | 2.34 | 2.15 | ||||||||
| TJX Cos. Inc. | 13.99 | 14.17 | 13.72 | 9.42 | 12.92 | 12.53 | 11.88 | 12.79 | 11.07 | 13.06 | 10.74 | 10.23 | 9.89 | 10.04 | 10.67 | 11.27 | 11.79 | 11.61 | 11.18 | 12.09 | 10.89 | 11.15 | 10.21 | 11.23 | 10.28 | 9.66 | 8.90 | ||||||||
Based on: 10-Q (filing date: 2020-12-02), 10-Q (filing date: 2020-09-02), 10-Q (filing date: 2020-06-03), 10-K (filing date: 2020-03-20), 10-Q (filing date: 2019-12-04), 10-Q (filing date: 2019-09-06), 10-Q (filing date: 2019-06-07), 10-K (filing date: 2019-03-28), 10-Q (filing date: 2018-11-30), 10-Q (filing date: 2018-09-06), 10-Q (filing date: 2018-06-04), 10-K (filing date: 2018-03-30), 10-Q (filing date: 2017-12-01), 10-Q (filing date: 2017-08-31), 10-Q (filing date: 2017-06-02), 10-K (filing date: 2017-03-31), 10-Q (filing date: 2016-12-01), 10-Q (filing date: 2016-08-31), 10-Q (filing date: 2016-06-03), 10-K (filing date: 2016-03-30), 10-Q (filing date: 2015-12-02), 10-Q (filing date: 2015-09-09), 10-Q (filing date: 2015-06-05), 10-K (filing date: 2015-04-01), 10-Q (filing date: 2014-12-01), 10-Q (filing date: 2014-09-05), 10-Q (filing date: 2014-06-06).
1 Data adjusted for splits and stock dividends.
2 Q3 2021 Calculation
BVPS = Total Walmart shareholders’ equity ÷ No. shares of common stock outstanding
= 81,431,000,000 ÷ 2,829,285,926 = 28.78
3 Closing price as at the filing date of Walmart Inc.’s Quarterly or Annual Report.
4 Q3 2021 Calculation
P/BV ratio = Share price ÷ BVPS
= 150.52 ÷ 28.78 = 5.23
5 Click competitor name to see calculations.
| Valuation ratio | Description | The company |
|---|---|---|
| P/BV ratio | The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company’s required rate of return and its actual rate of return. | Walmart Inc.’s P/BV ratio increased from Q1 2021 to Q2 2021 but then slightly decreased from Q2 2021 to Q3 2021 not reaching Q1 2021 level. |