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Walmart Inc (0R1W) fair value: what the stock is really worth

As of Oct 2, 2026: fair value of Walmart Inc $45.15, price $104, upside -56.7%, quality 61 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? Yes
  3. Add to watchlist

Industrials · GB · ISIN US9311421039

WI Broad data Sep 28, 2026

Walmart Inc

0R1W · LSE

Stretched ValuationStrong overvaluation with only moderate quality.

!Fair value $45.15 · Strongly overvalued (−56.7%)
✓Quality 61/100
✓Healthy Growth (revenue 5y +5.0 %/yr)
!Thin margins · 3.1% net margin (TTM)
✓Low debt · generates free cash flow
✓0.9% dividend yield · Well covered
!Moderate moat 52/100

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

$134.17 $41.54 Fair Value $45.15 Jul 2021 Oct 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 28, 2026.

How to read this chart

60‑month range $41.54 – $134.17 · fair‑value band $27.42 – $62.71 · the $104.16 price screens above the $45.15 fair value. Dashed = 300-day average. As of Sep 28, 2026.

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Company profile

Walmart Inc. engages in the operation of retail and wholesale stores and clubs, ecommerce websites, and mobile applications worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club U.S.

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Walmart Inc. engages in the operation of retail and wholesale stores and clubs, ecommerce websites, and mobile applications worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club U.S. It operates supercenters, supermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; and ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites. It offers grocery items, including dry grocery, snacks, dairy, meat, produce, deli and bakery, frozen foods, alcoholic and nonalcoholic beverages, as well as consumables, such as health and beauty aids, pet supplies, household chemicals, paper goods, and baby products; and fuel and other categories. In addition, it is involved in the provision of health and wellness products covering pharmacy, optical and hearing services, over-the-counter drugs, and protein and nutrition products; and home, hardlines, and seasonal items, including home improvement, outdoor living, gardening, furniture, apparel, jewelry, tools and power equipment, housewares, toys, and mattresses. Further, the company offers consumer electronics and accessories, software, video games, office supplies, appliances, and third-party gift cards. Additionally, it operates digital payment platforms; offers financial services and related products, including money transfers, bill payments, money orders, check cashing, prepaid access, co-branded credit cards, installment lending, and earned wage access; and markets lines of merchandise under private and licensed brands. The company was formerly known as Wal-Mart Stores, Inc. and changed its name to Walmart Inc. in February 2018. Walmart Inc. was founded in 1945 and is based in Bentonville, Arkansas.

Stock analysis

Walmart Inc (0R1W) currently trades at $104.16, while our model-based Fair Value estimate is $45.15, 56.7% below the price, so the stock looks overvalued today.

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Valuation

Bull case: the Growth Earnings group reads highest at a median of $48.24 per share, and 0 of the 23 models we run sit above the $104.16 price.

Bear case: the Asset-Based group reads lowest at $8.34, and 23 of the 23 models stay below the price. Evidence for this calculation is high.

Scenario range: $27.42 (bear) to $62.71 (bull), the price of $104.16 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 61/100 (solid quality), in the Industrials sector.

Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.

Walmart Inc reported revenue of $713B in FY2026 versus $573B in FY2022, a compound +5.6%/yr. Reported net income was $21.9B in FY2026, compounding +12.5%/yr from FY2022.

Key figures

Market cap $830B · P/E ratio 0.5 · P/S ratio 0.01 · EPS (TTM) $2.34 · Dividend yield 0.9% · Net margin 3.1% · Return on equity 24.1% · Return on assets (EBIT) 10.3%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).

What moves the price

The share trades about 22% below its 52-week high and 5% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Industrials peers we cover trades at −40% fair-value upside, at −57%, 0R1W screens richer than that median.

Fair Value models

Bear $27.42 Fair Value $45.15 Bull $62.71
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Highest evidence
FCF DCF $21.73 $34.62 $54.46 79
Growth DCF $22.45 $34.29 $51.64 78
Owner Earnings $13.87 $22.65 $36.18 75
All 23 models by family
DCF Models
FCF DCF $21.73 $34.62 $54.46 79
Owner Earnings $13.87 $22.65 $36.18 75
5Y Revenue Exit $26.55 $44.53 $67.12 72
5Y EBITDA Exit $36.57 $62.71 $92.58 74
5Y P/E Exit $30.46 $51.62 $73.20 70
10Y Revenue Exit $23.57 $39.69 $60.52 66
10Y EBITDA Exit $31.07 $52.40 $79.85 67
10Y P/E Exit $27.13 $44.65 $65.13 63
Earnings-Based
Graham-Dodd $18.61 $49.12 $64.17 65
PEG = 1.0 $9.44 $13.49 $17.54 57
EPV $27.14 $32.45 $37.18 74
Multiples
P/E Multiple $43.10 $57.46 $71.83 63
P/S Multiple $34.89 $46.52 $58.15 58
P/B Multiple $34.89 $46.52 $58.15 55
EV/EBIT $44.54 $60.38 $76.23 66
EV/EBITDA $50.67 $68.55 $86.44 67
EV/Revenue $30.94 $45.47 $60.01 53
Asset-Based
NCAV (Graham) $6.23 $8.34 $12.45 54
Growth DCF
Growth DCF $22.45 $34.29 $51.64 78
Rev-Margin DCF $26.55 $44.55 $64.30 72
Economic Profit
Residual Income $17.10 $21.18 $33.44 74
ROIC Compounder $28.87 $37.11 $46.55 72
Growth Earnings
Growth-Adj P/E $33.77 $48.24 $62.71 67

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Quality Score breakdown

Overall quality 61/100

Of which business quality 60 · Market factors (momentum, volatility) 45

Profitability 71
Margins and returns on capital today
Quality Growth 34
Are margins and returns improving?
Cashflow 37
Earnings quality: real cash, not paper profit
Fin. Strength 62
Balance sheet, leverage, solvency risk
Investment 73
Disciplined investing over empire-building
Low Volatility 81
Calm price path (market factor)
Momentum 33
Price trend over the last 3–12 months (market factor)
52W Momentum 25
Distance to the 52-week high (market factor)
Net Issuance 88
Share count: buybacks or dilution?

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Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 69/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+4.7%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+5.3%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+5.0%
Start year 2021 (pandemic)
Revenue growth 9 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+4.4%
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis.
+10.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+9.3%
Dividend (yield on the price)0.9%
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.3% → 4%

Growth Forecast

A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+25.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+4.4%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +22.3% a year for the price and +2.0% for the forecasts.
Forecast 2027 (sales)+5.5%
Forecast 2028 (sales)+4.6%
Projected 2029 (sales)+4.3%
Projected 2030 (sales)+4.0%
Projected 2031 (sales)+3.6%

0R1W screens overvalued: fair value 57% below the price. Compare with Contemporary Amperex Technology Co →

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Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

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Walmart Inc · Fair Value
$45.15 −57%Fair Value
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Cite: Fair Value Calculator (2026). "Walmart Inc Fair Value". https://www.fairvalue-calculator.com/stock/0R1W

Frequently asked questions

Is Walmart Inc (0R1W) overvalued or undervalued?
As of Sep 28, 2026, our model estimates a fair value of $45.15 versus a price of $104.16, about −57% upside (overvalued).
What is the fair value of 0R1W?
Our model-based fair value for Walmart Inc is $45.15 (as of Sep 28, 2026), built from audited fundamentals. The current price: $104.16.
What is the quality score of 0R1W?
Walmart Inc has a Quality Score of 61/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Walmart Inc (0R1W)?
Our model-based price target is the fair value of $45.15 (as of Sep 28, 2026) from 23 valuation models. Cautious scenario $27.42, optimistic scenario $62.71. It is a calculation from audited fundamentals, not an analyst target.
What is the Walmart Inc stock forecast for 2026?
Our models put fair value at $45.15, about −57% upside versus a price of $104.16 (overvalued). Cautious scenario $27.42, optimistic scenario $62.71. The calculation is refreshed regularly with new filings.
What is the revenue of Walmart Inc (0R1W)?
Walmart Inc reported trailing-twelve-month revenue of about $725B (latest available figure, as of Sep 28, 2026).
Does Walmart Inc pay a dividend?
Walmart Inc currently shows a dividend yield of about 0.91% relative to its recent price (as of Sep 28, 2026).
What growth is priced into Walmart Inc (0R1W)?
For today's price to be fair in a discounted-cash-flow model, Walmart Inc would have to grow free cash flow by +25.3 % per year for five years (discount rate 8.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +5.0 % per year. As of Sep 28, 2026.
What discount rate (WACC) does the fair value of 0R1W use?
Our models discount Walmart Inc at 8.4 %: a base by market capitalisation (mega), damped by beta 0.61, country premium for United Kingdom. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Walmart Inc that is +25.3 % per year a year over ten years, using the same discount rate (8.4 %) and the same formula as our fair value.
How much growth has Walmart Inc (0R1W) delivered so far?
Over the past 5 years revenue at Walmart Inc grew +5.0 % a year. The price currently implies +25.3 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Walmart Inc (0R1W) growing?
The median revenue growth in the sector is +7.3 % a year. That is the yardstick for the growth priced into Walmart Inc (+25.3 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Walmart Inc (0R1W)?
The free-cash-flow yield on the price is 1.80 %: that much free cash flow Walmart Inc produces per unit of market value. When it exceeds the discount rate of our models (8.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Walmart Inc (0R1W)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Walmart Inc it is $45.15 per share (as of Sep 28, 2026), against a price of $104.16. It is the blended result of 23 valuation models (cash flow, earnings, asset, dividend).
Is Walmart Inc stock overvalued or undervalued in 2026?
As of Sep 28, 2026, 0R1W trades above its calculated fair value: price $104.16, fair value $45.15, a gap of about −57% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 0R1W?
No. The price is what the market pays today ($104.16); the fair value is what the company's own numbers justify ($45.15). For Walmart Inc the two are $59.01 per share apart. That gap is exactly why we show both numbers side by side.
How much is Walmart Inc worth?
The market values Walmart Inc at about $830B (market capitalisation, as of Sep 28, 2026). Per share that is $104.16; our models calculate a fair value of $45.15 per share.
What do the bullish and bearish scenarios say about 0R1W?
Our models span a range for Walmart Inc: cautious scenario $27.42, base $45.15, optimistic $62.71 per share (as of Sep 28, 2026, price $104.16). The range comes from different growth and margin assumptions, not from analyst opinions.
How far is 0R1W from its 52-week high?
Walmart Inc trades at $104.16, about 22% below its 52-week high of $134.17 and 5% above the low of $99.59 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of $45.15 is for.
Which stocks are comparable to Walmart Inc?
From the same area (Industrials) we also value Contemporary Amperex Technology Co, Delta Electronics (Thailand) Public Company, Larsen & Toubro Limited, Samsung C&T Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Walmart Inc stock attractive at the current price?
The data as of Sep 28, 2026: price $104.16, calculated fair value $45.15 (−57%), Quality Score 61/100, from 23 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 0R1W calculated?
We run Walmart Inc through 23 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $45.15, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Walmart Inc itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Walmart Inc (0R1W)?
The closing price on Oct 2, 2026 was $104.16. Our model-based fair value is $45.15, about −57% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Walmart Inc right now?
The price sits above even our optimistic bull case ($62.71). The favourable scenario is already priced in. Solid but not exceptional quality (61/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range ($27.42 to $62.71) leaves room in how you read the outcome.

Key figures of Walmart Inc

How large is the market capitalisation of Walmart Inc (0R1W)?
The market capitalisation of Walmart Inc is $830B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/E ratio of Walmart Inc (0R1W)?
The price-to-earnings ratio of Walmart Inc is 0.5 (as of Aug 4, 2026). Price to earnings: how many years of current profit you pay for the stock. A P/E of 10 means ten years of profit.
What is the P/S ratio of Walmart Inc (0R1W)?
The price-to-sales ratio of Walmart Inc is 0.01 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Walmart Inc (0R1W)?
Earnings per share at Walmart Inc are $2.34 (price ÷ EPS = P/E 0.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Walmart Inc (0R1W)?
The dividend yield of Walmart Inc is 0.9% (payout 40.7%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Walmart Inc (0R1W)?
The net margin of Walmart Inc is 3.1% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Walmart Inc (0R1W)?
The return on equity (ROE) of Walmart Inc is 24.1% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Walmart Inc (0R1W)?
On an EBIT basis the return on assets of Walmart Inc is 10.3% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Walmart Inc (0R1W)?
The operating margin of Walmart Inc is 4.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Walmart Inc (0R1W)?
Revenue at Walmart Inc is growing +7.3% versus a year earlier (3y avg +5.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Walmart Inc (0R1W)?
Earnings per share at Walmart Inc are growing +19.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Walmart Inc (0R1W) carry?
The net debt of Walmart Inc is $34.0B (fiscal year 2026, ≈ 2.3 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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