"Mr. Market" was not wrong: Walmart discusses "technology narrative," Pinduoduo performs "extreme challenge"

SnapshotLaborer · 2026-02-14T03:33:26+00:00

Recently, there has been a significant valuation comparison between Pinduoduo and Walmart in the U.S. stock market. Walmart's price-to-earnings ratio exceeds 40, with a market capitalization surpassing one trillion dollars, making it a "perennial" core asset; meanwhile, despite rapid revenue growth, Pinduoduo's P/E ratio has fallen below 10, and the two have completely diverged in valuation systems.

SnapshotLaborer

2026-02-14 03:33:26

Abstract generation in progress

What has happened? Pinduoduo vs. Walmart, a tale of two extremes

Recently, the U.S. stock market has exhibited a phenomenon worth exploring: Walmart, a traditional brick-and-mortar retailer, has seen its price-to-earnings ratio (PE) surpass 40, with its market capitalization reaching the trillion-dollar milestone; meanwhile, Pinduoduo, a high-growth e-commerce company, despite having higher revenue growth than Walmart, has its PE compressed to below 10.

According to the latest market data, the valuation systems of Walmart and Pinduoduo have become completely decoupled.

Walmart: The market regards it as a “round-the-clock” core asset. Even amid macroeconomic fluctuations, investors are willing to pay a premium for its certainty. Analysts are raising target prices, believing that its business model has undergone a fundamental change and is no longer just a retailer.

…

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.