
Up 55% through the end of October, Walmart (WMT) is the best-performing Dow Jones Industrial Average ($DOWI) component of 2024 so far. If you missed the rally to new highs in this Dividend King, it might not be too late to buy WMT stock now.
With a market capitalization of approximately $654 billion, Walmart is valued at 33.28 times forward earnings, which is a premium to industry norms. However, the price/sales ratio of 0.97 compares favorably with discount retailer Costco Wholesale (COST).