Amazon or Walmart: which stock is cheaper in 2026?
As of October 5, 2026, Amazon (AMZN) trades at 20.0× earnings (P/E) and Walmart (WMT) at 37.6×, according to Kaplio. Kaplio's verdict: Amazon, fairly priced; Walmart, expensive. Value range by multiples: $227–$960 for Amazon and $57–$82 for Walmart. Against its own value range, Amazon is the cheaper of the two today.
According to the Kaplio Summary
The same verdict as each company's page: price range by multiples, the four lights, the expected return if consensus is right and what Buffett and Lynch would say today.
| Amazon (AMZN) | Walmart (WMT) | |
|---|---|---|
| Summary valuation | fairly priced ($227–$960) | expensive ($57–$82) |
| The four lights | Valuation: P/E 20.0× (fairly priced) Business: 5-year ROIC 8.4 % (weak) Balance sheet: Net debt/EBITDA 0.4× (solid) Results: 7 of 8 (on track) | Valuation: P/E 37.6× (expensive) Business: ROIC 13 % (fair) Balance sheet: Net debt/EBITDA 1.2× (solid) Results: 7 of 8 (on track) |
| Expected return (per year) | +4.9 % a year (to 2028) | +1.9 % a year (to 2029) |
| Buffett method | quality 77 · too hard to value | quality 88 · would wait |
| Lynch method | fast grower · would wait | stalwart · would wait |
Metrics side by side
| Metric | Amazon (AMZN) | Walmart (WMT) |
|---|---|---|
| Overview | ||
| Market Cap | $2.7T | $830B |
| Price | $251.52 | $104.26 |
| Valuation | ||
| P/E | 20.0× | 37.6× |
| P/B | 4.9× | 8.5× |
| P/S | 3.5× | 1.1× |
| EV/EBITDA | 11.2× | 20.9× |
| FCF Yield | -0.4 % | 1.6 % |
| Dividend Yield | 0.0 % | 0.9 % |
| Profitability | ||
| ROIC | 8.5 % | 13.0 % |
| ROE | 30.5 % | 22.7 % |
| Gross Margin | 50.8 % | 25.2 % |
| Operating Margin | 12.1 % | 4.4 % |
| Net Margin | 17.4 % | 3.0 % |
| Growth | ||
| Revenue 5Y CAGR | 13.2 % | 5.0 % |
| EPS 5Y CAGR | 27.9 % | 10.9 % |
| FCF 5Y CAGR | -21.6 % | -10.4 % |
| Balance Sheet | ||
| Net Debt / EBITDA | 0.4× | 1.2× |
| Debt / Equity | 0.4× | 0.8× |
Trailing twelve months where available; otherwise the latest fiscal year. Growth: five-year compound annual rate.