Walmart's Stock Is Down 19% From Its High. Is It Too Late to Buy or Right on Time?

Walmart's stock has dropped 19% from its mid-May high to $109.45, resulting in a lower P/E ratio of 39 (down from 48). While the company demonstrates strong operational execution with 4.1% same-store sales growth and 280 million weekly shoppers, the analyst argues the stock remains overvalued relative to its growth prospects. With a P/E multiple of 39 versus the S&P 500's 28, the market is pricing in high growth that Walmart may struggle to deliver, leading to a recommendation to pass on the stock.