Is Walmart (WMT) Getting Too Expensive on Earnings?

Walmart has delivered strong gains for long term shareholders in recent years, so the key issue now is whether its current US$121.12 share price is still aligned with what the retailer earns. With the stock moving higher again in recent weeks, the question for you is how much of Walmart’s earnings power is already reflected in today’s valuation. Walmart has returned 160.6% over the past 5 years, which puts a lot of accumulated optimism on the line when you ask what its earnings justify...