Wal-Mart de México S.A.B. de C.V (WALMEX) - Net Assets

Latest as of March 2026: MX$252.57 Billion MXN ≈ $14.54 Billion USD

Based on the latest financial reports, Wal-Mart de México S.A.B. de C.V (WALMEX) has net assets worth MX$252.57 Billion MXN (≈ $14.54 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (MX$496.84 Billion ≈ $28.59 Billion USD) and total liabilities (MX$244.27 Billion ≈ $14.06 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Wal-Mart de México S.A.B. de C.V tangible book value ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	MX$252.57 Billion
% of Total Assets	50.83%
Annual Growth Rate	8.49%
5-Year Change	26.74%
10-Year Change	41.04%
Growth Volatility	9.66

Wal-Mart de México S.A.B. de C.V - Net Assets Trend (2000–2025)

This chart illustrates how Wal-Mart de México S.A.B. de C.V's net assets have evolved over time, based on quarterly financial data. See WALMEX defensive asset coverage days to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Wal-Mart de México S.A.B. de C.V (2000–2025)

The table below shows the annual net assets of Wal-Mart de México S.A.B. de C.V from 2000 to 2025. For live valuation and market cap data, see Wal-Mart de México S.A.B. de C.V market capitalisation.

Year	Net Assets	Change
2025-12-31	MX$235.58 Billion ≈ $13.56 Billion	+1.16%
2024-12-31	MX$232.88 Billion ≈ $13.40 Billion	+16.97%
2023-12-31	MX$199.09 Billion ≈ $11.46 Billion	-1.67%
2022-12-31	MX$202.47 Billion ≈ $11.65 Billion	+8.92%
2021-12-31	MX$185.88 Billion ≈ $10.70 Billion	+9.91%
2020-12-31	MX$169.12 Billion ≈ $9.73 Billion	+0.58%
2019-12-31	MX$168.14 Billion ≈ $9.68 Billion	+1.96%
2018-12-31	MX$164.91 Billion ≈ $9.49 Billion	+3.37%
2017-12-31	MX$159.53 Billion ≈ $9.18 Billion	-4.49%
2016-12-31	MX$167.03 Billion ≈ $9.61 Billion	+10.02%
2015-12-31	MX$151.82 Billion ≈ $8.74 Billion	+1.05%
2014-12-31	MX$150.25 Billion ≈ $8.65 Billion	+5.10%
2013-12-31	MX$142.95 Billion ≈ $8.23 Billion	+2.23%
2012-12-31	MX$139.84 Billion ≈ $8.05 Billion	+4.92%
2011-12-31	MX$133.28 Billion ≈ $7.67 Billion	+8.48%
2010-12-31	MX$122.86 Billion ≈ $7.07 Billion	+47.76%
2009-12-31	MX$83.15 Billion ≈ $4.79 Billion	+11.94%
2008-12-31	MX$74.28 Billion ≈ $4.27 Billion	+12.23%
2007-12-31	MX$66.18 Billion ≈ $3.81 Billion	+11.24%
2006-12-31	MX$59.50 Billion ≈ $3.42 Billion	+14.86%
2005-12-31	MX$51.80 Billion ≈ $2.98 Billion	+10.34%
2004-12-31	MX$46.95 Billion ≈ $2.70 Billion	+12.08%
2003-12-31	MX$41.89 Billion ≈ $2.41 Billion	+10.52%
2002-12-31	MX$37.90 Billion ≈ $2.18 Billion	+15.38%
2001-12-31	MX$32.85 Billion ≈ $1.89 Billion	+6.84%
2000-12-31	MX$30.75 Billion ≈ $1.77 Billion	--

Equity Component Analysis

This analysis shows how different components contribute to Wal-Mart de México S.A.B. de C.V's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 1178.3% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	MX$180.02 Billion	76.41%
Other Components	MX$55.56 Billion	23.59%
Total Equity	MX$235.58 Billion	100.00%

Wal-Mart de México S.A.B. de C.V Competitors by Market Cap

The table below lists competitors of Wal-Mart de México S.A.B. de C.V ranked by their market capitalization.

Company	Market Cap
China Molybdenum Co Ltd Class A SHG:603993	$51.85 Billion
Credit Agricole SA PA:ACA	$51.88 Billion
United Microelectronics NYSE:UMC	$51.89 Billion
Corteva Inc NYSE:CTVA	$52.03 Billion
L3Harris Technologies Inc NYSE:LHX	$51.53 Billion
Fastenal Company NASDAQ:FAST	$51.52 Billion
Sea Ltd NYSE:SE	$51.50 Billion
Deutsche Bank Aktiengesellschaft F:DBK	$51.48 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Wal-Mart de México S.A.B. de C.V's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 232,875,469,000 to 235,580,061,000, a change of 2,704,592,000 (1.2%).
Net income of 49,890,741,000 contributed positively to equity growth.
Dividend payments of 28,922,976,000 reduced retained earnings.
Share repurchases of 8,799,988,000 reduced equity.
Other factors decreased equity by 9,463,185,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	MX$49.89 Billion	+21.18%
Dividends Paid	MX$28.92 Billion	-12.28%
Share Repurchases	MX$8.80 Billion	-3.74%
Other Changes	MX$-9.46 Billion	-4.02%
Total Change	MX$-	1.16%

Book Value vs Market Value Analysis

This analysis compares Wal-Mart de México S.A.B. de C.V's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 3.80x
The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
The price-to-book ratio has decreased from 5.67x to 3.80x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2017-12-31	MX$9.14	MX$51.79	x
2018-12-31	MX$9.44	MX$51.79	x
2019-12-31	MX$9.63	MX$51.79	x
2020-12-31	MX$9.69	MX$51.79	x
2021-12-31	MX$10.65	MX$51.79	x
2022-12-31	MX$11.60	MX$51.79	x
2023-12-31	MX$11.41	MX$51.79	x
2024-12-31	MX$13.35	MX$51.79	x
2025-12-31	MX$13.61	MX$51.79	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Wal-Mart de México S.A.B. de C.V utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 21.18%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 4.94%
• Asset Turnover: 2.04x
• Equity Multiplier: 2.10x
Recent ROE (21.18%) is above the historical average (19.76%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2001	12.77%	4.74%	1.69x	1.59x	MX$909.09 Million
2003	13.03%	4.54%	1.83x	1.57x	MX$1.27 Billion
2006	20.88%	6.27%	2.01x	1.66x	MX$6.47 Billion
2007	21.50%	6.35%	2.10x	1.61x	MX$7.61 Billion
2008	19.75%	5.99%	2.07x	1.59x	MX$7.25 Billion
2009	20.21%	6.24%	2.02x	1.60x	MX$8.49 Billion
2010	15.96%	5.84%	1.72x	1.59x	MX$7.30 Billion
2011	16.74%	5.87%	1.68x	1.69x	MX$8.96 Billion
2012	16.66%	5.62%	1.86x	1.59x	MX$9.31 Billion
2013	15.39%	5.23%	1.83x	1.61x	MX$7.71 Billion
2014	16.66%	5.72%	1.78x	1.64x	MX$10.01 Billion
2015	17.38%	5.55%	1.87x	1.67x	MX$11.20 Billion
2016	19.97%	6.26%	1.85x	1.72x	MX$16.65 Billion
2017	24.99%	6.95%	1.94x	1.85x	MX$23.91 Billion
2018	22.29%	5.96%	2.01x	1.86x	MX$20.26 Billion
2019	22.54%	5.86%	1.85x	2.08x	MX$21.08 Billion
2020	19.77%	4.76%	1.94x	2.14x	MX$16.52 Billion
2021	23.75%	6.00%	1.87x	2.12x	MX$25.55 Billion
2022	24.19%	5.98%	1.96x	2.07x	MX$28.73 Billion
2023	25.91%	5.82%	2.03x	2.19x	MX$31.68 Billion
2024	23.11%	5.62%	1.94x	2.12x	MX$30.54 Billion
2025	21.18%	4.94%	2.04x	2.10x	MX$26.33 Billion

Industry Comparison

This section compares Wal-Mart de México S.A.B. de C.V's net assets metrics with peer companies in the Discount Stores industry.

No peer company data available for comparison.

About Wal-Mart de México S.A.B. de C.V

MX:WALMEX Mexico Discount Stores

Market Cap

$51.54 Billion

MX$895.56 Billion MXN

Market Cap Rank

#526 Global

#17 in Mexico

Share Price

MX$51.79

Change (1 day)

-0.79%

52-Week Range

MX$50.21 - MX$64.07

All Time High

MX$78.13