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WalmartWMT +1.46%87 EV-to-OCF is 21.11 as of Aug. 24, 2026, which is 41% above its 10-year median of 14.92. GuruFocus rates WMT with a GF Score™ of 87/100 and a GF Value™ of $102.94 (Fairly Valued). The stock has 2 warning signs investors should review. Among 313 Retail - Defensive companies, Walmart ranks worse than 85.62% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Walmart's Enterprise Value is $906,141 Mil.
Walmart's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jul. 2026 was $42,923 Mil. Therefore, Walmart's EV-to-OCF for today is 21.11.
The historical rank and industry rank for Walmart's EV-to-OCF or its related term are showing as below:
WMT'
s EV-to-OCF Range Over the Past 10 Years
Min: 7.75 Med: 14.92 Max: 27.46
Current: 21.11
During the past 13 years, the highest EV-to-OCF of Walmart was 27.46. The lowest was 7.75. And the median was 14.92.
WMT's EV-to-OCF is ranked worse than 85.62% of 313
companies
in the Retail - Defensive industry
Industry Median: 7.84
vs WMT: 21.11
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Walmart's share price for today is $105.21.
Walmart's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jul. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $2.770.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Walmart EV-to-OCF Related Terms
Walmart EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Walmart's EV-to-OCF can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Discount Stores subindustry, Walmart's EV-to-OCF, along with its competitors' market caps and EV-to-OCF data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Walmart EV-to-OCF vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Walmart's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Walmart's EV-to-OCF falls into.
Walmart's current Enterprise Value is $906,141 Mil.
Walmart's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jul. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $42,923 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Walmart (WMT) has a EV-to-OCF of 21.11 as of Aug. 24, 2026. This is 41% above median its historical median of 14.92. Over the past decade, Walmart's EV-to-OCF has ranged from 7.75 to 27.46. According to the industry distribution chart, Walmart ranks #268 out of 313 companies in the Retail - Defensive industry, placing it in the top 85.6%.
Is Walmart's EV-to-OCF too high?
Walmart's current EV-to-OCF of 21.11 is 41% above median its 10-year median of 14.92. Over the past 10 years, this metric has ranged from a low of 7.75 to a high of 27.46. The Retail - Defensive industry median EV-to-OCF is 7.84. Walmart's value of 21.11 is 169.3% above this industry median. Based on the distribution chart, Walmart ranks #268 out of 313 companies in the Retail - Defensive industry, which is in the bottom quartile relative to peers. Overall, Walmart has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Walmart's EV-to-OCF compare to COST and TGT?
According to the Retail - Defensive industry distribution chart, Walmart ranks #268 out of 313 companies for EV-to-OCF. This places Walmart in the lower half of its industry. The industry median EV-to-OCF is 7.84. Walmart's value of 21.11 is 169.3% above this benchmark. Historically, Walmart's own EV-to-OCF has ranged from 7.75 to 27.46 over the past decade. While the company's 10-year median is 14.92 vs. the industry median of 7.84, Walmart has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-OCF for a Retail - Defensive company?
The median EV-to-OCF among Retail - Defensive companies is 7.84, based on 313 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Walmart's current EV-to-OCF of 21.11 is 169.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Retail - Defensive industry, the median EV-to-OCF is 7.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Walmart's current EV-to-OCF is 21.11, which is 41% above median its own 10-year median of 14.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Walmart stock overvalued right now?
Based on GuruFocus' analysis, Walmart (WMT) is currently considered Fairly Valued. The stock's GF Value™ is $102.94, compared to a current price of $105.21 — trading 2.2% above its estimated fair value. The current EV-to-OCF is 21.11, which is 41% above median its 10-year median of 14.92 and 169.3% above the Retail - Defensive industry median of 7.84. Walmart's overall GF Score™ is 87/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Walmart (WMT), the current EV-to-OCF is 21.11 as of Aug. 24, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Walmart (WMT) Overvalued in 2026?
Based on GuruFocus' analysis, Walmart stock appears to be overvalued.
The current stock price of $105.21 is trading 2.2% above its estimated GF Value™ of $102.94.
GuruFocus considers Walmart to be Fairly Valued.
Key valuation signals for WMT:
EV-to-OCF: 21.11 (41% above median its 10-year median of 14.92)
GF Value™: $102.94 vs. price of $105.21 (2.2% above fair value)
Industry Position: 169.3% above the Retail - Defensive median (#268 of 313)
No single metric tells the full story. See the WMT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Since its founding in 1962, Walmart has become the world's largest retailer, operating over 10,700 stores globally (including 4,600 namesake locations on its home turf and another 600 Sam's Club outlets) and growing its e-commerce presence, attracting 270 million customers weekly. In aggregate, the firm posted more than $713 billion in fiscal 2026 sales. Its core operations span three reporting segments: Walmart US (68% of fiscal 2026 sales), Walmart International (19%), and Sam's Club (13%).Within the US, nearly 60% of its $486 billion in fiscal 2026 revenue came from its grocery offerings, with another quarter from general merchandise. Internationally, Walmart's operations are concentrated in Mexico, though it also has budding exposure to India.
87GF Score
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