WMTCAUTIOUS

WMT EV/EBITDA Analysis

22.1x

Higher than 100% of Consumer Defensive sector peers

Updated 413h ago·SEC filings & market data

Key Takeaway

Walmart’s current EV/EBITDA of 22.1x means investors pay $22.10 for every $1 of operating earnings before interest, taxes, depreciation, and amortization — a measure of the company’s total value relative to its core cash-generating power.

Sector Performance

100th percentile

WMT

22.1x

Sector Median

11.6x

Sector Avg

13.5x

Prior Period

21.5x(Aug 2026)

↓ Declining

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Deep Analysis

That multiple sits far above the sector median of 11.6x, placing Walmart at the 100th percentile among its consumer defensive peers. The metric has been steady over the last eight quarters, moving only +4.1% year-over-year and +2.7% quarter-over-quarter, with a stable trend. A high, stable valuation at the top of its peer group implies the market already expects continued dependable performance, leaving little room for error in execution or consumer spending. This combination suggests the opportunity is limited by elevated valuation risk, even if the business itself remains steady. The 22.1x multiple directly supports the overall CAUTIOUS verdict — it contradicts any low-risk case and reinforces that Walmart’s price already reflects premium expectations.

Frequently Asked Questions

What does the EV/EBITDA tell investors about WMT?

A valuation multiple preferred by analysts for capital-intensive or leveraged businesses. Useful for cross-sector comparisons where earnings can be distorted by debt.

How is the EV/EBITDA calculated?

EV/EBITDA is calculated as: Enterprise Value / EBITDA.

How does WMT's EV/EBITDA compare to its sector?

WMT's EV/EBITDA of 22.1x compares to a Consumer Defensive sector median of 11.6x, placing it in the 100th percentile.

Who are WMT's closest peers by EV/EBITDA?

The closest Consumer Defensive peers by EV/EBITDA include: ADM (11.6x), MO (8.6x), ABEV (6.8x), PM (18.7x).

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Learn More About EV/EBITDA

EV/EBITDA Explained: The Valuation Metric Pro Investors Actually Use

Learn what EV/EBITDA is, why it beats P/E for capital-heavy companies, typical sector ranges, and key limitations every serious investor should know.

The Formula

Enterprise Value / EBITDA

Why It Matters

A valuation multiple preferred by analysts for capital-intensive or leveraged businesses. Useful for cross-sector comparisons where earnings can be distorted by debt.