Based on the latest data from August 2025, Walmart (WMT) is trading at $96.98, positioning the stock between the 24.9x and 30.8x PE multiples. At current levels, the stock price of $96.98 exceeds the 24.9x PE boundary of $58.37 but remains below the 30.8x PE threshold of $72.24, indicating the stock is trading in the "Fair" valuation zone. This represents a significant premium to the 19.0x PE "Value" boundary of $44.47, suggesting investors are paying a moderate premium for Walmart's earnings. Analyzing the historical trend, Walmart has experienced substantial valuation expansion since 2020. The stock began the period trading near or below the 19.0x PE "Value" zone, with prices around $35-40 through early 2021. A notable inflection point occurred in late 2023 when the stock began consistently trading above the 24.9x PE boundary, moving from the "Value" interval into the "Fair" valuation territory. The most dramatic expansion occurred from 2024 onwards, with the stock price nearly doubling from around $50 to current levels near $97. Throughout 2024 and 2025, WMT has predominantly traded between the 24.9x and 30.8x PE multiples, occasionally approaching or briefly exceeding the 30.8x threshold. This sustained elevation above historical PE ranges indicates investors have re-rated the stock significantly higher, reflecting either improved earnings expectations or willingness to pay premium multiples for the retail giant's stability and growth prospects.