--- title: Walmart (WMT) — intrinsic value and fair price canonical: https://sweetvaluelab.com/stocks/wmt ticker: WMT as_of: 2026-10-17 sector: Consumer Defensive industry: Discount Stores --- # Walmart (WMT) Walmart (WMT) closed at $118.81 on Oct 16, 2026, overvalued by 208% vs its model value of $38.56 (from a five-year discounted cash flow). ## Key figures | Figure | Value | | --- | ---: | | Last close | $118.81 (Oct 16, 2026) | | Model value (from a five-year discounted cash flow) | $38.56 | | Price vs model | overvalued by 208% vs model | | Range of that model | $23.34 – $102.29 | | Market value | $945.5B | | P/E (fiscal 2026) | 43.5 | | Net margin (fiscal 2026) | 3.1% | | Free cash flow (fiscal 2026) | $14.9B | | Dividend yield (trailing twelve months) | 0.82% | | Beta | 0.58 | | Cost of capital (WACC) | 7.87% | | Business classification | Mature & Stable (Low/slowing growth (~5% recent), Thin margins (3.1% net margin), Highly cyclical earnings) | ## On the stock lists | List | Place | Figure | Page | | --- | ---: | ---: | --- | | Largest companies | #13 | $945.5B | https://sweetvaluelab.com/lists/largest-companies | | Dividend growth streaks | #6 | 50 years | https://sweetvaluelab.com/lists/dividend-growth-streaks | ## Dividends | Figure | Value | | --- | ---: | | Trailing dividend yield | 0.82% | | Dividends per share, last 12 months | $0.98 | | Dividends / free cash flow (fiscal 2026) | 50.3% | | Raised | 50 years in a row | | Growth over 5 years | 6.0% a year | | Latest payment | $0.2475, ex-date Aug 21, 2026, paid Sep 8, 2026 | | Year of payments | Dividends per share | | --- | ---: | | To Aug 12, 2021 | $0.73 | | To Aug 11, 2022 | $0.74 | | To Aug 10, 2023 | $0.76 | | To Aug 16, 2024 | $0.81 | | To Aug 15, 2025 | $0.91 | | Trailing twelve months (to Aug 21, 2026) | $0.98 | ## Valuation models Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 17, 2026. | Model | Role | Value per share | Low | High | | --- | --- | ---: | ---: | ---: | | DCF · Perpetuity growth · 5y | primary | $38.56 | $23.34 | $102.29 | | DCF · Perpetuity growth · 10y | cross check | $39.19 | $24.55 | $99.46 | | DCF · EBITDA exit · 5y | cross check | $69.41 | $45.92 | $97.14 | | DCF · EBITDA exit · 10y | cross check | $64.74 | $41.56 | $95.95 | | P/E · peers | cross check | $53.14 | $49.96 | $101.06 | | P/E · own history | cross check | $103.83 | $87.75 | $117.74 | | PEG | sanity check | $28.74 | $28.74 | $28.74 | | EV/EBITDA · peers | cross check | $71.32 | $64.80 | $127.74 | | EV/Revenue · peers | cross check | $118.21 | $87.98 | $119.80 | | Earnings power value | cross check | $18.85 | $15.15 | $24.28 | | Dividend discount | cross check | $23.51 | $15.40 | $42.74 | ## Insider activity (SEC Form 4) Past 90 days: 0 open-market buys ($0) and 14 open-market sales ($11.1M); 10b5-1 plan sales included. | Date | Insider | Relationship | Transaction | Shares | Value | | --- | --- | --- | --- | ---: | ---: | | Oct 15, 2026 | Furner John R. | President & CEO | Open-market sell (10b5-1 plan) | 6,036 | $729,906.9 | | Oct 15, 2026 | Furner John R. | President & CEO | Open-market sell (10b5-1 plan) | 7,089 | $852,994.6 | | Oct 14, 2026 | Watkins Latriece | Executive Vice President | Open-market sell (10b5-1 plan) | 5,000 | $575,000 | | Oct 15, 2026 | Nicholas Christopher James | Executive Vice President | Open-market sell (10b5-1 plan) | 1,600 | $192,522.2 | | Oct 15, 2026 | Nicholas Christopher James | Executive Vice President | Open-market sell (10b5-1 plan) | 1,300 | $157,229 | ## Recent SEC filings | Filed | Form | What | Filing | | --- | --- | --- | --- | | Aug 28, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/104169/000010416926000154/wmt-20260731.htm | | Aug 20, 2026 | 8-K | 2.02 Results of Operations (Earnings); 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/104169/000010416926000145/wmt-20260820.htm | | Jun 5, 2026 | 8-K | 5.03 Amendment to Articles/Bylaws; 5.07 Submission of Matters to a Shareholder Vote; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/104169/000010416926000111/wmt-20260604.htm | | May 29, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/104169/000010416926000102/wmt-20260430.htm | | May 21, 2026 | 8-K | 2.02 Results of Operations (Earnings); 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/104169/000010416926000095/wmt-20260521.htm | ## Superinvestors holding it (latest 13F) | Manager | Quarter | Shares | Value | | --- | --- | ---: | ---: | | Gates | 2026-06-30 | 8,390,477 | $950.3M | | Bridgewater | 2026-06-30 | 258,759 | $29.3M | | Dodge & Cox | 2026-06-30 | 172,435 | $19.5M | | Soros | 2026-06-30 | 63,099 | $7.1M | 8 tracked managers in all. ## About Walmart Inc., established in 1945 and based in Bentonville, Arkansas, operates as a global retail powerhouse, having officially adopted its current name in February 2018, formerly Wal-Mart Stores, Inc. The company's diverse operations, encompassing retail, wholesale, and e-commerce, are managed across three primary divisions: Walmart U.S., Walmart International, and Sam's Club. Its extensive physical presence includes a variety of store formats such as supercenters, supermarkets, hypermarkets, membership-only warehouse clubs (like Sam's Club), cash-and-carry outlets, and discount stores, primarily operating under the Walmart and Walmart Neighborhood Market banners. Digitally, the company engages customers through numerous e-commerce platforms, including walmart.com.mx, walmart.ca, flipkart.com, and PhonePe, as well as via dedicated mobile applications. Walmart offers an exceptionally bro… --- Source: https://sweetvaluelab.com/stocks/wmt (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.