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STOCK COMPARISON

Costco Wholesale vs Walmart: Fair Value & Quality

Both stocks run through our valuation models. Here is how Costco Wholesale (COST) and Walmart (WMT) compare, as of Aug 8, 2026.

As of Aug 8, 2026, Fair Value Calculator sees Walmart as the less overvalued of the two: Costco Wholesale trades at $949 versus a fair value of $384 (-60%), while Walmart trades at $112 versus $48.65 (-57%).
Costco Wholesale
COST · USD · Consumer Staples
-60%
upside to fair value
overvalued
Price$949
Fair Value$384
Quality63/100
Walmart
WMT · USD · Consumer Staples
-57%
upside to fair value
overvalued
Price$112
Fair Value$48.65
Quality60/100

Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

Costco WholesaleWalmart
Valuation
46.1×P/E (TTM)39.5×
1.38×P/S (TTM)1.25×
13.93×P/B9.10×
28.9×EV/EBITDA20.8×
4.47×PEG4.30×
0.6%Dividend yield0.9%
$5.37Dividend per share$0.95
Profitability
3%Net margin3%
4%Operating margin4%
29%Return on equity24%
9%Return on assets7%
Growth
22%Revenue growth (YoY)7%
6.6%Avg. growth/yr (3Y)5.3%
10.5%Avg. growth/yr (5Y)5.0%
Balance & size
0.20×Debt / equity0.35×
$406BMarket cap$906B
healthyGrowth qualityhealthy

Walmart leads: 6 to 8 metric wins.

Dash = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Costco Wholesaleof which business quality 65 · market factors 50 Walmartof which business quality 61 · market factors 53
ProfitabilityMargins and returns on capital today
73
71
Quality GrowthAre margins and returns improving?
42
38
CashflowEarnings quality: real cash, not paper profit
43
37
Fin. StrengthBalance sheet, leverage, solvency risk
80
62
InvestmentDisciplined investing over empire-building
69
78
Low VolatilityCalm price path (market factor)
80
85
MomentumPrice trend over the last 3–12 months (market factor)
37
36
52W MomentumDistance to the 52-week high (market factor)
38
47
Net IssuanceBuybacks instead of dilution
82
89

What the models say

The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.

Costco Wholesale

DCF Models$421
Earnings-Based$202
Dividend Discount$94.03
Multiples$344
Asset-Based$44.06
Growth DCF$401
Economic Profit$224
Growth Earnings$306

26 of 26 models see the stock below the current price.

Walmart

DCF Models$44.67
Earnings-Based$23.95
Multiples$50.90
Asset-Based$8.39
Growth DCF$38.48
Economic Profit$30.59
Growth Earnings$48.63

24 of 24 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

Costco Wholesale
Bear $264Fair Value $384Bull $479
$949 = current price (white tick)
Walmart
Bear $27.97Fair Value $48.65Bull $72.21
$112 = current price (white tick)

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Costco Wholesale · Consumer Staples

Quality score63 · Top 25%
Fair value upside-60% · bottom 25%

Walmart · Consumer Staples

Quality score60 · Top 25%
Fair value upside-57% · bottom 25%

Bottom line

As of Aug 8, 2026, Fair Value Calculator sees Walmart as the less overvalued of the two: Costco Wholesale trades at $949 versus a fair value of $384 (-60%), while Walmart trades at $112 versus $48.65 (-57%).

Costco Wholesale has the higher quality score (63/100).

See the full analysis →

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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.