Dollar General Corporation (DG) Financial Ratios
30 years of historical data (1996–2025) · Consumer Defensive · Discount Stores
EV/EBITDA
↓
12.36
↓-16% vs avg
5yr avg: 14.74
30Y Low8.2·High18.2
P/FCF
↓
10.69
↓-75% vs avg
5yr avg: 42.88
30Y Low9.3·High121.7
P/B Ratio
↓
3.02
↓-45% vs avg
5yr avg: 5.46
30Y Low2.1·High9.3
ROE
↓
19.0%
↑-32% vs avg
5yr avg: 28.0%
30Y Low-1%·High41%
Debt/EBITDA
↑
4.84
↓-3% vs avg
5yr avg: 4.98
30Y Low0.0·High8.7
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
DG Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Dollar General Corporation trades at 17.0x earnings, 10% below its 5-year average of 18.9x, sitting at the 24th percentile of its historical range. Compared to the Consumer Defensive sector median P/E of 19.6x, the stock trades at a discount of 13%. On a free-cash-flow basis, the stock trades at 10.7x P/FCF, 75% below the 5-year average of 42.9x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $25.6B | $31.7B | $15.6B | $29.9B | $51.6B | $48.2B | $48.7B | $39.6B | $30.6B | $27.2B | $20.6B |
| Enterprise Value | $40.2B | $46.3B | $32.2B | $47.5B | $68.9B | $62.1B | $60.9B | $51.0B | $33.2B | $29.9B | $23.7B |
| P/E Ratio → | 16.99 | 20.94 | 13.91 | 18.03 | 21.36 | 20.09 | 18.32 | 23.10 | 19.27 | 17.66 | 16.51 |
| P/S Ratio | 0.60 | 0.74 | 0.38 | 0.77 | 1.36 | 1.41 | 1.44 | 1.43 | 1.19 | 1.16 | 0.94 |
| P/B Ratio | 3.02 | 3.72 | 2.11 | 4.44 | 9.31 | 7.69 | 7.31 | 5.91 | 4.77 | 4.44 | 3.82 |
| P/FCF | 10.69 | 13.23 | 9.27 | 43.30 | 121.74 | 26.84 | 17.09 | 27.24 | 21.72 | 23.52 | 19.76 |
| P/OCF | 7.04 | 8.71 | 5.22 | 12.52 | 26.01 | 16.81 | 12.56 | 17.69 | 14.28 | 15.08 | 12.86 |
P/E links to full P/E history page with 30-year chart
DG EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Dollar General Corporation's enterprise value stands at 12.4x EBITDA, 16% below its 5-year average of 14.7x. The Consumer Defensive sector median is 11.4x, placing the stock at a 8% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.08 | 0.79 | 1.23 | 1.82 | 1.81 | 1.80 | 1.84 | 1.30 | 1.27 | 1.08 |
| EV / EBITDA | 12.36 | 14.23 | 11.98 | 14.42 | 17.00 | 16.08 | 14.74 | 18.18 | 12.93 | 12.41 | 9.69 |
| EV / EBIT | 18.23 | 20.99 | 18.77 | 19.42 | 20.70 | 19.28 | 17.13 | 22.17 | 15.72 | 14.93 | 11.47 |
| EV / FCF | — | 19.33 | 19.08 | 68.68 | 162.50 | 34.58 | 21.38 | 35.13 | 23.59 | 25.89 | 22.65 |
DG Profitability
Margins and return-on-capital ratios measuring operating efficiency
Dollar General Corporation earns an operating margin of 5.2%, above the Consumer Defensive sector average of 1.4%. Operating margins have compressed from 6.3% to 5.2% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 19.0% indicates solid capital efficiency, compared to the sector median of 6.8%. ROIC of 7.0% represents adequate returns on invested capital versus a sector median of 5.5%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 30.7% | 30.7% | 29.6% | 30.3% | 31.2% | 31.6% | 31.8% | 30.6% | 30.5% | 30.8% | 30.8% |
| Operating Margin | 5.2% | 5.2% | 4.2% | 6.3% | 8.8% | 9.4% | 10.5% | 8.3% | 8.3% | 8.6% | 9.4% |
| Net Profit Margin | 3.5% | 3.5% | 2.8% | 4.3% | 6.4% | 7.0% | 7.9% | 6.2% | 6.2% | 6.6% | 5.7% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 19.0% | 19.0% | 15.9% | 27.0% | 40.9% | 37.1% | 39.7% | 26.1% | 25.3% | 26.7% | 23.2% |
| ROA | 4.9% | 4.9% | 3.6% | 5.5% | 8.7% | 9.2% | 10.9% | 9.5% | 12.4% | 12.7% | 10.9% |
| ROIC | 7.0% | 7.0% | 5.3% | 7.8% | 11.6% | 12.4% | 14.4% | 12.7% | 17.7% | 17.4% | 18.6% |
| ROCE | 9.1% | 9.1% | 7.1% | 10.4% | 15.3% | 15.9% | 18.5% | 16.2% | 21.4% | 21.6% | 22.5% |
DG Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Dollar General Corporation carries a Debt/EBITDA ratio of 4.8x, which is highly leveraged (42% above the sector average of 3.4x). Net debt stands at $14.6B ($15.7B total debt minus $1.1B cash). Interest coverage of 9.6x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.85 | 1.85 | 2.36 | 2.68 | 3.19 | 2.28 | 2.04 | 1.75 | 0.45 | 0.49 | 0.59 |
| Debt / EBITDA | 4.84 | 4.84 | 6.50 | 5.49 | 4.36 | 3.69 | 3.29 | 4.17 | 1.11 | 1.25 | 1.31 |
| Net Debt / Equity | — | 1.71 | 2.23 | 2.60 | 3.12 | 2.22 | 1.83 | 1.71 | 0.41 | 0.45 | 0.56 |
| Net Debt / EBITDA | 4.49 | 4.49 | 6.15 | 5.33 | 4.26 | 3.60 | 2.96 | 4.08 | 1.02 | 1.14 | 1.24 |
| Debt / FCF | — | 6.09 | 9.80 | 25.38 | 40.76 | 7.74 | 4.29 | 7.88 | 1.87 | 2.37 | 2.89 |
| Interest Coverage | 9.56 | 9.56 | 6.25 | 7.49 | 15.75 | 20.45 | 23.64 | 22.89 | 21.19 | 20.69 | 21.09 |
DG Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.13x means Dollar General Corporation can comfortably meet its short-term obligations, though there is limited excess liquidity. The quick ratio of 0.22x 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 1.19x to 1.13x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.13 | 1.13 | 1.19 | 1.19 | 1.29 | 1.05 | 1.21 | 1.14 | 1.55 | 1.43 | 1.40 |
| Quick Ratio | 0.22 | 0.22 | 0.21 | 0.15 | 0.14 | 0.12 | 0.29 | 0.11 | 0.19 | 0.22 | 0.16 |
| Cash Ratio | 0.16 | 0.16 | 0.14 | 0.08 | 0.06 | 0.06 | 0.24 | 0.05 | 0.08 | 0.09 | 0.07 |
| Asset Turnover | — | 1.38 | 1.30 | 1.26 | 1.30 | 1.30 | 1.30 | 1.22 | 1.94 | 1.88 | 1.88 |
| Inventory Turnover | 4.68 | 4.68 | 4.26 | 3.86 | 3.85 | 4.17 | 4.39 | 4.12 | 4.35 | 4.50 | 4.67 |
| Days Sales Outstanding | — | 0.15 | 1.14 | 1.06 | 1.31 | 1.04 | 0.98 | 1.01 | 0.82 | 1.68 | 0.18 |
DG Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Dollar General Corporation returns 2.0% to shareholders annually primarily through dividends. The payout ratio of 34.4% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 5.9% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 2.0% | 1.6% | 3.3% | 1.7% | 1.0% | 0.8% | 0.7% | 0.8% | 1.0% | 1.0% | 1.4% |
| Payout Ratio | 34.4% | 34.4% | 46.1% | 31.2% | 20.4% | 16.3% | 13.4% | 19.1% | 19.3% | 18.4% | 22.5% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 5.9% | 4.8% | 7.2% | 5.5% | 4.7% | 5.0% | 5.5% | 4.3% | 5.2% | 5.7% | 6.1% |
| FCF Yield | 9.4% | 7.6% | 10.8% | 2.3% | 0.8% | 3.7% | 5.9% | 3.7% | 4.6% | 4.3% | 5.1% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 5.3% | 5.3% | 5.1% | 3.0% | 3.3% | 2.1% | 4.8% |
| Total Shareholder Yield | 2.0% | 1.6% | 3.3% | 1.7% | 6.3% | 6.1% | 5.8% | 3.9% | 4.3% | 3.2% | 6.2% |
| Shares Outstanding | — | $221M | $220M | $220M | $226M | $236M | $250M | $258M | $266M | $273M | $282M |
Peer Comparison
Compare DG with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 DGYou | $26B | 17.0 | 12.4 | 10.7 | 30.7% | 5.2% | 19.0% | 7.0% | 4.8 |
 DLTR | $19B | 16.2 | 10.3 | 18.1 | 36.4% | 8.2% | 33.2% | 13.2% | 2.1 |
 FIVE | $13B | 36.3 | 21.9 | 31.4 | 32.0% | 9.6% | 17.9% | 9.9% | 3.1 |
 WMT | $1.0T | 47.6 | 24.8 | 24.9 | 24.9% | 4.2% | 22.2% | 14.7% | 1.5 |
 TGT | $59B | 16.0 | 7.5 | 20.9 | 27.9% | 4.9% | 24.0% | 16.7% | 0.7 |
 COST | $441B | 54.7 | 34.0 | 56.3 | 12.8% | 3.8% | 30.7% | 34.5% | 0.6 |
 KR | $42B | 42.9 | 10.9 | 12.5 | 21.0% | 1.3% | 14.3% | 5.0% | 4.2 |
 GO | $781M | -3.5 | — | 32.8 | 30.3% | -4.7% | -20.6% | -6.0% | — |
 OLLI | $5B | 21.5 | 14.7 | 17.3 | 40.5% | 12.2% | 13.4% | 11.1% | 1.8 |
 PG | $346B | 22.7 | 15.9 | 24.6 | 51.2% | 24.3% | 31.1% | 20.1% | 1.5 |
 KHC | $27B | -4.7 | — | 7.5 | 33.3% | -18.7% | -12.8% | -5.5% | — |
| Consumer Defensive Median | — | 19.6 | 11.4 | 15.7 | 40.1% | 1.4% | 6.8% | 5.5% | 3.4 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
Full DG Stock Analysis
Analyst consensus, bull case, AI-generated risk factors, and peer comparison — all in one place.
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Start ComparisonDG — Frequently Asked Questions
Quick answers to the most common questions about buying DG stock.
What is Dollar General Corporation's P/E ratio?
Dollar General Corporation's current P/E ratio is 17.0x. The historical average is 18.7x. This places it at the 24th percentile of its historical range.
What is Dollar General Corporation's EV/EBITDA?
Dollar General Corporation's current EV/EBITDA is 12.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 12.3x.
What is Dollar General Corporation's ROE?
Dollar General Corporation's return on equity (ROE) is 19.0%. The historical average is 21.3%.
Is DG stock overvalued?
Based on historical data, Dollar General Corporation is trading at a P/E of 17.0x. This is at the 24th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Dollar General Corporation's dividend yield?
Dollar General Corporation's current dividend yield is 2.02% with a payout ratio of 34.4%.
What are Dollar General Corporation's profit margins?
Dollar General Corporation has 30.7% gross margin and 5.2% operating margin.
How much debt does Dollar General Corporation have?
Dollar General Corporation's Debt/EBITDA ratio is 4.8x, indicating high leverage. A ratio above 4x may signal elevated financial risk.