Consumer Staples · Consumer Staples Merchandise Retail · US stock · price as of 16 Oct 2026
Key indicators
Price
$134.36
52-week range
$93.32 – $155.91
Market cap
$29.8B
P/E (trailing)
17.4×
EV / EBITDA
9.3×
Free-cash-flow yield
6.8%
Dividend yield
1.8%
Revenue (last 12 months)
$43.6B
Revenue growth (3y a year)
4.1%
Operating margin
5.6%
Return on invested capital
15.2%
Net debt / EBITDA
0.8×
Fair value
Blended fair value$213.85 range $204 – $224
Versus priceUndervalued+59% to fair value
Peer multiples
$185.02
Fundamentals-adjusted multiple
$257.61
10-year DCF (market-scaled)
$198.93
Earnings power value (floor, not blended)
$109.53
Model uncertainty
Medium
X-Ray Score
66/ 100 · High confidence · ahead of 90% of sector peers
Valuation81
Growth70
Profitability53
Financial health69
Dividends49
Five-year price chart navy: price · brown: 200-day average · blue band: fair value range
Executive summary
Dollar General operates a large chain of discount stores, many of them in small towns and rural areas across the United States. The stores stock food, household basics, cleaning supplies, health and beauty items, seasonal goods and apparel at low prices. Revenue comes from store sales, and results depend on customer traffic, product costs, shrink, labor expenses and the finances of lower-income households.
The company reported revenue of $43.6 billion for the last twelve months at Dollar General Corp. Revenue growth over the past three years averaged 4.1% a year. It kept an operating margin of 5.6%. The return on invested capital reached 15%, a measure of profit earned on the money invested in the business. Leverage, measured as net debt to EBITDA, is 0.8 times. The company pays a dividend, and the yield is 1.8%.
StocksXray gives Dollar General Corp an X-Ray Score of 66 out of 100 (high confidence), ahead of 90% of the S&P 500 stocks in its sector. Its strongest lens is valuation (81) and its weakest is dividends (49).
Our fair value blend is $213.85 (range $203.87 to $223.76). At $134.36 the stock trades 37% below that blend, so the label is "Undervalued" with medium model uncertainty. Fair value is a range, not a price target.
XStocksXray
Dollar General Corp (DG)
Valuation history multiples at each fiscal year-end price; the last column uses today's price and the last twelve months
FY2022
FY2023
FY2024
FY2025
FY2026
Now
Price
$187.68
$211.44
$128.27
$68.51
$141.33
$134.36
Market cap
$44.3B
$47.8B
$28.2B
$15.1B
$31.2B
$29.8B
P/E
18.5×
19.8×
17.0×
13.4×
20.6×
17.4×
EV / revenue
1.4×
1.4×
0.9×
0.5×
0.8×
0.8×
EV / EBITDA
12.5×
13.4×
10.5×
7.6×
10.7×
9.3×
Price / free cash flow
24.7×
112.9×
40.8×
8.9×
13.0×
14.8×
Free-cash-flow yield
4.1%
0.9%
2.5%
11.2%
7.7%
6.8%
Price / book
7.1×
8.6×
4.2×
2.0×
3.7×
3.2×
Dividend yield
0.90%
1.04%
1.84%
3.44%
1.67%
1.76%
Fundamentals checklist ● 8 Good · ● 6 Average · ● 2 Bad · each check graded against the sector
Cash quality
Earnings backed by cash−5.0%Average
Free-cash-flow yield6.8%Good
Risk models
Altman Z score1.8×Bad
Piotroski F-Score7 of 9Good
Growth
EPS growth (3y)−13.8%Bad
Free-cash-flow growth (3y)78.1%Good
Revenue growth (3y)4.1%Average
Growth consistency100%Good
Balance sheet
Current ratio1.2×Average
Net debt / EBITDA0.8×Good
Interest coverno interest costGood
Valuation
Fair value vs price1.6×Good
EBIT / EV yield7.5%Good
Profitability
Return on invested capital15.2%Average
Operating margin5.6%Average
Gross profitability42.3%Average
XStocksXray
Dollar General Corp (DG)
Financials US$ millions, from SEC filings; last column is the last twelve months
Income statement
FY22
FY23
FY24
FY25
FY26
LTM
Revenue
34,220
37,845
38,692
40,612
42,724
43,638
Gross profit
10,813
11,820
11,719
12,017
13,100
13,598
Operating income
3,221
3,328
2,446
1,714
2,204
2,440
Net income
2,399
2,416
1,661
1,125
1,512
1,703
Diluted EPS ($)
10.17
10.68
7.55
5.11
6.85
7.70
Free cash flow
1,795
424
692
1,686
2,393
2,011
Gross margin
31.6%
31.2%
30.3%
29.6%
30.7%
31.2%
Operating margin
9.4%
8.8%
6.3%
4.2%
5.2%
5.6%
Net margin
7.0%
6.4%
4.3%
2.8%
3.5%
3.9%
Balance sheet
FY22
FY23
FY24
FY25
FY26
LTM
Total assets
26,327
29,083
30,796
31,133
30,964
32,167
Cash
345
382
537
933
1,139
1,590
Total debt
4,172
7,009
7,000
6,238
4,580
4,571
Equity
6,262
5,542
6,749
7,414
8,512
9,289
Dividend per share ($)
1.68
2.20
2.36
2.36
2.36
2.36
Revenue and net income US$ billions: navy revenue, teal net income
Every number comes from SEC filings, end-of-day prices and the StocksXray models described on the methodology page. The X-Ray Score ranks each metric against the company's own sector. Fair value blends three models and carries a typical error of about 40%, so treat it as a range. Analyst ratings, price targets and earnings-call summaries are not part of this report. Educational research, not financial advice; read the disclaimer.