Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Walmart's Enterprise Value is $990,765 Mil.
Walmart's EBIT for the trailing twelve months (TTM) ended in Apr. 2026 was $33,484 Mil. Therefore, Walmart's EV-to-EBIT ratio for today is 29.59.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Walmart's Enterprise Value is $990,765 Mil.
Walmart's EBITDA for the trailing twelve months (TTM) ended in Apr. 2026 was $48,139 Mil. Therefore, Walmart's EV-to-EBITDA ratio for today is 20.58.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Walmart's Enterprise Value is $990,765 Mil.
Walmart's Revenue for the trailing twelve months (TTM) ended in Apr. 2026 was $725,305 Mil. Therefore, Walmart's EV-to-Revenue ratio for today is 1.37.
EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, Walmart's Enterprise Value is $990,765 Mil.
Walmart's Free Cash Flow for the trailing twelve months (TTM) ended in Apr. 2026 was $12,552 Mil. Therefore, Walmart's EV-to-FCF ratio for today is 78.93.
*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.
Walmart (NAS:WMT) Enterprise Value Explanation
When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.
If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.
The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.
For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.
Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.
1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.
Walmart's current Enterprise Value is $990,765 Mil.
Walmart's EBIT for the trailing twelve months (TTM) ended in Apr. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $33,484 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Walmart's current Enterprise Value is $990,765 Mil.
Walmart's EBITDA for the trailing twelve months (TTM) ended in Apr. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $48,139 Mil.
Walmart's current Enterprise Value is $990,765 Mil.
Walmart's Revenue for the trailing twelve months (TTM) ended in Apr. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $725,305 Mil.
Walmart's current Enterprise Value is $990,765 Mil.
Walmart's Cash Flow from Operations for the trailing twelve months (TTM) ended in Apr. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $40,892 Mil.
Walmart's current Enterprise Value is $990,765 Mil.
Walmart's Free Cash Flow for the trailing twelve months (TTM) ended in Apr. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $12,552 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 Enterprise Value Related Terms
Walmart Enterprise Value Historical Data
* Premium members only.
The historical data trend for Walmart's Enterprise Value 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 Enterprise Value, along with its competitors' market caps and Enterprise Value 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 Enterprise Value vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Walmart's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Walmart's Enterprise Value falls into.
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
Walmart's Enterprise Value for the fiscal year that ended in Jan. 2026 is calculated as
* 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.
What does a Enterprise Value of $990,765 Mil mean?
Walmart (WMT) has a Enterprise Value of $990,765 Mil as of Jun. 28, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Walmart and its competitors.
Is Walmart's Enterprise Value too high?
Walmart's current Enterprise Value is $990,765 Mil. Overall, Walmart has a GF Score™ of 86/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Walmart's Enterprise Value compare to COST and TGT?
Walmart's Enterprise Value of $990,765 Mil can be compared against companies in the Retail - Defensive industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Enterprise Value for a Retail - Defensive company?
A good Enterprise Value depends on the Retail - Defensive industry context. However, Enterprise Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Walmart and its competitors. Walmart's current Enterprise Value is $990,765 Mil. 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 Modestly Overvalued. The stock's GF Value™ is $94.09, compared to a current price of $115.69 — trading 23% above its estimated fair value. The current Enterprise Value is $990,765 Mil. Walmart's overall GF Score™ is 86/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For Walmart (WMT), the current Enterprise Value is $990,765 Mil as of Jun. 28, 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 $115.69 is trading 23% above its estimated GF Value™ of $94.09.
GuruFocus considers Walmart to be Modestly Overvalued.
Key valuation signals for WMT:
Enterprise Value: $990,765 Mil
GF Value™: $94.09 vs. price of $115.69 (23% above fair value)
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.
86GF Score
Get the complete analysis for WMT
Enterprise Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
WMT has been successfully added to your 
