30 years of historical data (1995–2024) · Consumer Defensive · Discount Stores
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Dollar General Corporation trades at 30.6x earnings, 67% above its 5-year average of 18.3x, sitting at the 100th percentile of its historical range. Compared to the Consumer Defensive sector median P/E of 21.6x, the stock trades at a premium of 42%. On a free-cash-flow basis, the stock trades at 20.4x P/FCF, 53% below the 5-year average of 43.6x.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $34.4B | $15.6B | $29.9B | $51.6B | $48.2B | $48.7B | $39.6B | $30.6B | $27.2B | $20.6B | $22.2B |
| Enterprise Value | $50.9B | $32.2B | $47.5B | $68.9B | $62.1B | $60.9B | $51.0B | $33.2B | $29.9B | $23.7B | $25.0B |
| P/E Ratio → | 30.58 | 13.91 | 18.03 | 21.36 | 20.09 | 18.32 | 23.10 | 19.27 | 17.66 | 16.51 | 19.00 |
| P/S Ratio | 0.85 | 0.38 | 0.77 | 1.36 | 1.41 | 1.44 | 1.43 | 1.19 | 1.16 | 0.94 | 1.09 |
| P/B Ratio | 4.64 | 2.11 | 4.44 | 9.31 | 7.69 | 7.31 | 5.91 | 4.77 | 4.44 | 3.82 | 4.12 |
| P/FCF | 20.38 | 9.27 | 43.30 | 121.74 | 26.84 | 17.09 | 27.24 | 21.72 | 23.52 | 19.76 | 25.38 |
| P/OCF | 11.47 | 5.22 | 12.52 | 26.01 | 16.81 | 12.56 | 17.69 | 14.28 | 15.08 | 12.86 | 16.08 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
Dollar General Corporation's enterprise value stands at 19.0x EBITDA, 28% above its 5-year average of 14.8x. The Consumer Defensive sector median is 12.3x, placing the stock at a 54% premium on an enterprise-value basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.79 | 1.23 | 1.82 | 1.81 | 1.80 | 1.84 | 1.30 | 1.27 | 1.08 | 1.23 |
| EV / EBITDA | 18.95 | 11.98 | 14.42 | 17.00 | 16.08 | 14.74 | 18.18 | 12.93 | 12.41 | 9.69 | 10.89 |
| EV / EBIT | 29.69 | 18.77 | 19.42 | 20.70 | 19.28 | 17.13 | 22.17 | 15.72 | 14.93 | 11.47 | 12.87 |
| EV / FCF | — | 19.08 | 68.68 | 162.50 | 34.58 | 21.38 | 35.13 | 23.59 | 25.89 | 22.65 | 28.60 |
Margins and return-on-capital ratios measuring operating efficiency
Dollar General Corporation earns an operating margin of 4.2%, above the Consumer Defensive sector average of 1.1%. Operating margins have compressed from 8.8% to 4.2% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 15.9% indicates solid capital efficiency, compared to the sector median of 7.8%. ROIC of 5.3% represents adequate returns on invested capital versus a sector median of 5.7%.
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 29.6% | 29.6% | 30.3% | 31.2% | 31.6% | 31.8% | 30.6% | 30.5% | 30.8% | 30.8% | 31.0% |
| Operating Margin | 4.2% | 4.2% | 6.3% | 8.8% | 9.4% | 10.5% | 8.3% | 8.3% | 8.6% | 9.4% | 9.5% |
| Net Profit Margin | 2.8% | 2.8% | 4.3% | 6.4% | 7.0% | 7.9% | 6.2% | 6.2% | 6.6% | 5.7% | 5.7% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 15.9% | 15.9% | 27.0% | 40.9% | 37.1% | 39.7% | 26.1% | 25.3% | 26.7% | 23.2% | 21.0% |
| ROA | 3.6% | 3.6% | 5.5% | 8.7% | 9.2% | 10.9% | 9.5% | 12.4% | 12.7% | 10.9% | 10.4% |
| ROIC | 5.3% | 5.3% | 7.8% | 11.6% | 12.4% | 14.4% | 12.7% | 17.7% | 17.4% | 18.6% | 18.1% |
| ROCE | 7.1% | 7.1% | 10.4% | 15.3% | 15.9% | 18.5% | 16.2% | 21.4% | 21.6% | 22.5% | 21.0% |
Solvency and debt-coverage ratios — lower is generally safer
Dollar General Corporation carries a Debt/EBITDA ratio of 6.5x, which is highly leveraged (101% above the sector average of 3.2x). Net debt stands at $16.5B ($17.5B total debt minus $933M cash). Interest coverage of 6.2x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 2.36 | 2.36 | 2.68 | 3.19 | 2.28 | 2.04 | 1.75 | 0.45 | 0.49 | 0.59 | 0.55 |
| Debt / EBITDA | 6.50 | 6.50 | 5.49 | 4.36 | 3.69 | 3.29 | 4.17 | 1.11 | 1.25 | 1.31 | 1.30 |
| Net Debt / Equity | — | 2.23 | 2.60 | 3.12 | 2.22 | 1.83 | 1.71 | 0.41 | 0.45 | 0.56 | 0.52 |
| Net Debt / EBITDA | 6.15 | 6.15 | 5.33 | 4.26 | 3.60 | 2.96 | 4.08 | 1.02 | 1.14 | 1.24 | 1.23 |
| Debt / FCF | — | 9.80 | 25.38 | 40.76 | 7.74 | 4.29 | 7.88 | 1.87 | 2.37 | 2.89 | 3.22 |
| Interest Coverage | 6.25 | 6.25 | 7.49 | 15.75 | 20.45 | 23.64 | 22.89 | 21.19 | 20.69 | 21.09 | 22.32 |
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.19x means Dollar General Corporation can comfortably meet its short-term obligations, though there is limited excess liquidity. The quick ratio of 0.21x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has declined from 1.29x to 1.19x over the past 3 years.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.19 | 1.19 | 1.19 | 1.29 | 1.05 | 1.21 | 1.14 | 1.55 | 1.43 | 1.40 | 1.72 |
| Quick Ratio | 0.21 | 0.21 | 0.15 | 0.14 | 0.12 | 0.29 | 0.11 | 0.19 | 0.22 | 0.16 | 0.18 |
| Cash Ratio | 0.14 | 0.14 | 0.08 | 0.06 | 0.06 | 0.24 | 0.05 | 0.08 | 0.09 | 0.07 | 0.08 |
| Asset Turnover | — | 1.30 | 1.26 | 1.30 | 1.30 | 1.30 | 1.22 | 1.94 | 1.88 | 1.88 | 1.81 |
| Inventory Turnover | 4.26 | 4.26 | 3.86 | 3.85 | 4.17 | 4.39 | 4.12 | 4.35 | 4.50 | 4.67 | 4.57 |
| Days Sales Outstanding | — | 1.14 | 1.06 | 1.31 | 1.04 | 0.98 | 1.01 | 0.82 | 1.68 | 0.18 | 0.12 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Dollar General Corporation returns 1.5% to shareholders annually primarily through dividends. A payout ratio of 46.1% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 3.3% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.5% | 3.3% | 1.7% | 1.0% | 0.8% | 0.7% | 0.8% | 1.0% | 1.0% | 1.4% | 1.2% |
| Payout Ratio | 46.1% | 46.1% | 31.2% | 20.4% | 16.3% | 13.4% | 19.1% | 19.3% | 18.4% | 22.5% | 22.2% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.3% | 7.2% | 5.5% | 4.7% | 5.0% | 5.5% | 4.3% | 5.2% | 5.7% | 6.1% | 5.3% |
| FCF Yield | 4.9% | 10.8% | 2.3% | 0.8% | 3.7% | 5.9% | 3.7% | 4.6% | 4.3% | 5.1% | 3.9% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 5.3% | 5.3% | 5.1% | 3.0% | 3.3% | 2.1% | 4.8% | 5.9% |
| Total Shareholder Yield | 1.5% | 3.3% | 1.7% | 6.3% | 6.1% | 5.8% | 3.9% | 4.3% | 3.2% | 6.2% | 7.0% |
| Shares Outstanding | — | $220M | $220M | $226M | $236M | $250M | $258M | $266M | $273M | $282M | $295M |
Compare DG with 2 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| DGYou | $34B | 30.6 | 19.0 | 20.4 | 29.6% | 4.2% | 15.9% | 5.3% | 6.5 |
| DLTR | $25B | -9.0 | 16.1 | 16.3 | 35.8% | 8.3% | -53.7% | 8.8% | 3.9 |
| TBBB | $2B | 261.7 | 16.4 | 29.7 | 16.3% | 2.3% | 8.3% | 11.1% | 3.2 |
| Consumer Defensive Median | — | 21.6 | 12.3 | 16.4 | 40.7% | 1.1% | 7.8% | 5.7% | 3.2 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 30 years · Updated daily
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Start ComparisonDollar General Corporation's current P/E ratio is 30.6x. The historical average is 18.6x. This places it at the 100th percentile of its historical range.
Dollar General Corporation's current EV/EBITDA is 19.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 12.2x.
Dollar General Corporation's return on equity (ROE) is 15.9%. The historical average is 21.5%.
Based on historical data, Dollar General Corporation is trading at a P/E of 30.6x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Dollar General Corporation's current dividend yield is 1.51% with a payout ratio of 46.1%.
Dollar General Corporation has 29.6% gross margin and 4.2% operating margin.
Dollar General Corporation's Debt/EBITDA ratio is 6.5x, indicating high leverage. A ratio above 4x may signal elevated financial risk.