What Are Walmart Investors Betting On?

Walmart (WMT) stock trades at 42.8 times its reported net income over the last twelve months. That is a steep multiple for a retailer that grew sales by 6.2% during the same period. A buyer is paying for more than a single year of profit, however, and the valuation looks different against what Walmart is expected to earn over the next two fiscal years. So what growth in sales and profit does the consensus forecast expect, and how does that price look against it.