Walmart (WMT) ROCE %: 17.82% (As of Apr. 2026)


WMT Walmart Inc WMT
85 GF Score
Price $115.78
GF Value $94.09
Valuation Modestly Overvalued
! 3 Warning Signs
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What is Walmart ROCE %?

Walmart WMT -2.71% 85 ROCE % is 17.82% as of Apr. 2026. GuruFocus rates WMT with a GF Score™ of 85/100 and a GF Value™ of $94.09 (Modestly Overvalued). The stock has 3 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Walmart's annualized ROCE % for the quarter that ended in Apr. 2026 was 17.82%.

Walmart  (NAS:WMT) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Walmart ROCE % Related Terms

Walmart ROCE % Historical Data

* Premium members only.

The historical data trend for Walmart's ROCE % 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.

Walmart ROCE % Chart

Walmart Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.04 12.41 15.78 17.91 18.90

Walmart Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 16.39 24.70 20.86 15.26 17.82
WMT
85GF Score
Walmart Inc WMT
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Walmart ROCE % Calculation

Walmart's annualized ROCE % for the fiscal year that ended in Jan. 2026 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Jan. 2026 )  (A: Jan. 2025 )(A: Jan. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Jan. 2026 )  (A: Jan. 2025 )(A: Jan. 2026 )
=32268/( ( (260823 - 96584) + (284668 - 107469) )/ 2 )
=32268/( (164239+177199)/ 2 )
=32268/170719
=18.90 %

Walmart's ROCE % of for the quarter that ended in Apr. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Apr. 2026 )  (Q: Jan. 2026 )(Q: Apr. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Apr. 2026 )  (Q: Jan. 2026 )(Q: Apr. 2026 )
=31388/( ( (284668 - 107469) + (289607 - 114583) )/ 2 )
=31388/( ( 177199 + 175024 )/ 2 )
=31388/176111.5
=17.82 %

(1) Note: The EBIT data used here is four times the quarterly (Apr. 2026) EBIT data.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 17.82% mean?
Walmart (WMT) has a ROCE % of 17.82% as of Apr. 2026.
Is Walmart's ROCE % too high?
Walmart's current ROCE % is 17.82%. The Retail - Defensive industry median ROCE % is 8.98. Walmart's value of 17.82% is 98.4% above this industry median. Overall, Walmart has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Walmart's ROCE % compare to COST and TGT?
Walmart's ROCE % of 17.82% can be compared against companies in the Retail - Defensive industry. The industry median ROCE % is 8.98. Walmart's value of 17.82% is 98.4% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Retail - Defensive company?
The median ROCE % among Retail - Defensive companies is 8.98, based on 307 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Walmart's current ROCE % of 17.82% is 98.4% 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Retail - Defensive industry, the median ROCE % is 8.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Walmart's current ROCE % is 17.82%. 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 $115.78 — trading 23.1% above its estimated fair value. The current ROCE % is 17.82% and 98.4% above the Retail - Defensive industry median of 8.98. Walmart's overall GF Score™ is 85/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Walmart (WMT), the current ROCE % is 17.82% as of Apr. 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 $115.78 is trading 23.1% above its estimated GF Value™ of $94.09. GuruFocus considers Walmart to be Modestly Overvalued.

Key valuation signals for WMT:

  • ROCE %: 17.82%
  • GF Value™: $94.09 vs. price of $115.78 (23.1% above fair value)
  • GF Score™: 85/100 with 3 warning signs
  • Industry Position: 98.4% above the Retail - Defensive median

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.

Walmart Business Description

Address 1 Customer Drive, Bentonville, AR, USA, 72716
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.
85GF Score

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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$115.78
Price
$94.09
GF Value