RESEARCH REPORT
Walmart Inc.
WMT
$123.51
As of 2026-11-01
Research note — 2026-11-01. Educational analysis, not financial advice.
The one-line version
Walmart Inc. trades near $123.51 on a trailing multiple of about 44.8x versus its own 5-year median near 40.1x, against contested Street targets and the usual concentration and execution risks. That's the tension. Everything below is the detail.
That's the tension. Everything below is the detail.
1. What you're paying
| Now | Its own 5-year median | Gap | |
|---|---|---|---|
| P/E (trailing) | ~44.8 | ~40.1 | +12% |
| P/E (forward) | ~38.3 | — | — |
| EPS (TTM) | 2.76 | — | — |
| Gross margin | 24.8% | — | — |
What that means in plain terms: the gap versus the company's own history is the growth or durability the market is already pricing. It is not automatically wrong — it is the bet.
Fair-value anchors on file:
- 5-year median P/E multiple: $110.71 — Applies the 5-year median multiple (40.1x) to trailing EPS.
- Street mean target: $127.47 — Average published analyst target.
- Street target midpoint: $118.00 — Midpoint of $81.00–$155.00 published range.
Street targets run from $81.00 to $155.00. A wide spread means the name is contested, not consensus.
2. What the bulls are counting on
- Walmart Is Offering More Than 250 Prescription Drugs Free to Eligible Employees. A Retiree on Medicare Could Still Pay for the Same Medications
- Is Walmart the Safest Stock to Own if the Tech bearish-Off Gets Worse?
- Housing and Food Now Take Nearly Half of What Americans Spend, the Most in 15 Years
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Bull case, bear case, assumptions, and what to watch next.
3. What the bears see
- Costco Is Up 19% in 2026 as It Reinvests Tariff Refunds “to Give Value Back to Our Members”
- In Biden’s First Halloween In Office, A 100-Piece Bag Of Candy Cost $9.91, A Study Found. This Year It’s $16.96, And Government Data Shows Candy Prices Rose 7.7% In A Year, More Than Double Overall Inflation
- Stock Market Today, Oct. 30: Amazon Misses Revenue and Earnings Expectations
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Bull case, bear case, assumptions, and what to watch next.
4. What would have to be true
For the stock to justify ~44.8x rather than its 5-year ~40.1x, roughly all of the following need to neutral:
- Growth or margin durability shows up in the next several reports, not just in narrative.
- Key revenue concentrations survive competitive and regulatory pressure.
- Execution on the current product or services cycle stays on schedule.
- The Street target range compresses as results clarify the contested assumptions.
Ask yourself honestly: how many of those would you bet on individually? Multiply your answers together.
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Bull case, bear case, assumptions, and what to watch next.
5. What to watch next
- Next earnings date: 2026-11-19
- Trailing and forward multiples versus the company's own history
- Segment growth rates in the next 10-Q / earnings release
- Material Form 4 and 13F changes
- Whether the Street high-to-low target spread narrows or widens
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Bull case, bear case, assumptions, and what to watch next.
6. What this note does not do
It doesn't tell you to buy or sell. It won't, ever.
You have the valuation in context, the strongest version of both cases, and the specific assumptions the current price depends on. What you do with that depends on your time horizon, your existing exposure, your risk tolerance, and what else you could do with the money — none of which we know.
If you want someone to tell you what to do, you want a licensed financial adviser, and that is a genuinely reasonable thing to want.
Educational and informational purposes only. Not investment advice and not a recommendation to buy or sell any security. GetStockReport is not a registered investment adviser. Figures are as of 2026-11-01 and go stale quickly — verify against primary sources before acting. All investments carry risk including loss of principal. Past performance does not guarantee future results.
8. Analyst ratings & targets
No recent activity
Analyst opinions change frequently. Past upgrades do not predict future returns.
9. Important news
Nov 4, 2026|Amazon and Walmart's $74 Billion Ad Market Faces an AI Test(Yahoo)
Amazon and Walmart are taking different approaches to third-party shopping assistants as retailers assess their impact on advertising revenue.
Nov 4, 2026|Walmart's Dec. 11 Dividend Isn't the Real Reason to Own the Stock(Yahoo)
Walmart won't offer much in terms of income, but its ability to boost dividend payouts for 53 consecutive years shows the strength of its business model.
Nov 4, 2026|As Holidays Approach, No One Cares About Amazon’s Biggest Business(Yahoo)
Amazon quietly became America's largest company by revenue, yet holiday shoppers and Wall Street investors seem far more focused on its AI ambitions than its massive e-commerce engine, and that split attention may be hiding a serious risk.
Nov 4, 2026|SKYX Announces That, Based on Growing Winter Demand, It Will Launch 4 New Plug & Play Turbo Heater Fan Models in 5 Different Colors(Yahoo)
Upcoming Winter Launches of New Models in Sizes of 20’’ 44” 52” and 60” are Expected in Home Depot, Lowes, Target, Walmart, Amazon and on Company’s E-Commerce Platform Management Anticipates New Turbo Heater Models to Generate Significant Revenues During the Winter to Support Its Path to Cash-Flow Positive MIAMI, Nov. 04, 2026 (GLOBE NEWSWIRE) -- SKYX Platforms Corp. (NASDAQ: SKYX) (the “Company” or “SKYX”), a highly disruptive platform technology company with over 120 patents and pending applic
Nov 4, 2026|Target vs. Walmart: Holiday marketing’s stakes feel higher this year(Yahoo)
Walmart’s brand platform focused on reappraisal and Target’s turnaround strategy are in the spotlight during a make-or-break moment for retail.
News headlines are reported as-is. Verify important claims with original sources.
10. Insider Form 4 activity
| Date | Executive | Action | Shares | Value |
|---|---|---|---|---|
| Nov 2, 2026 | Bartlett Daniel J (Executive Vice President) | Sell | 3,346 | $416,607.11 |
| Oct 30, 2026 | Kumar Suresh (Chief Technology Officer) | Sell | 166,342 | $20.5M |
| Oct 15, 2026 | Furner John R. (President & CEO) | Sell | 7,089 | $852,994.56 |
| Oct 15, 2026 | Furner John R. (President & CEO) | Sell | 6,036 | $729,906.92 |
| Oct 14, 2026 | Watkins Latriece (Executive Vice President) | Sell | 5,000 | $575,000 |
| Oct 15, 2026 | Nicholas Christopher James (Executive Vice President) | Sell | 1,600 | $192,522.24 |
| Oct 15, 2026 | Nicholas Christopher James (Executive Vice President) | Sell | 1,300 | $157,229.02 |
| Oct 6, 2026 | Dallaire Seth (Executive Vice President) | Sell | 386.619 | $40,622.06 |
Form 4 filings are routine transactions. Scheduled sales (10b5-1 plans) are normal and not signals.
11. Institutional 13F holdings
| Fund | Shares | Position | Change |
|---|---|---|---|
| Vanguard Group | 397,729,915 | $44.3B | — |
| State Street | 188,036,646 | $21.3B | — |
| BlackRock | 102,615,970 | $6.9B | — |
These are 45-day lagged filings (SEC requirement). Position changes happened in the past.
12. Earnings this week
No recent activity
Earnings dates are estimates and may shift. EPS estimates are consensus, not predictions.