WMTNEUTRAL

WMT EV/EBITDA Analysis

20.9x

Higher than 100% of Consumer Defensive sector peers

Updated 1035h ago·SEC filings & market data

Key Takeaway

EV/EBITDA compares a company’s total value to its operating earnings before interest, taxes, depreciation, and amortization; at 20.9x, investors pay $20.90 for each dollar of those earnings.

Sector Performance

100th percentile

WMT

20.9x

Sector Median

11.6x

Sector Avg

13.3x

Prior Period

22.1x(Aug 2026)

↑ Improving

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Deep Analysis

EV/EBITDA compares a company’s total value to its operating earnings before interest, taxes, depreciation, and amortization; at 20.9x, investors pay $20.90 for each dollar of those earnings.

That is far above the Consumer Defensive sector median of 11.6x, placing Walmart at the 100th percentile — the most expensive stock among its sector peers on this measure. The trend has been stable across the last eight quarters, though the latest reading of 20.9x marks a 5.3% decrease from the prior quarter’s 22.1x. Despite that quarterly cooling, the valuation remains nearly double the sector norm, and the combination of an extreme level with only a mild downward drift implies limited room for further multiple expansion and heightened downside risk if earnings

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 20.9x 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 (8.8x), ABEV (6.8x), PM (18.3x).

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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.