Dollar General Corp (DG)
Consumer Staples · Consumer Staples Merchandise Retail · US stock · S&P 500 component
$139.11
▲ +6.99 (5.29%)
Fair valueUndervalued
$164 +17.9% to fair value
$82fair band $140–$199$246
Day's range
$132.21 – $139.12
52-week range
$95.11 – $158.23
About Dollar General Corp
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 1.7%. On the site's X-Ray Score, it rates 66 out of 100.
Price chart
52-wk range $95.11 – $158.23Volume 2,728,761Daily, split-adjusted
Vitals
Market cap$30.8B
52-week range$95.11 – $158.23
Volume (last day)2,728,761
P/E (TTM)18.1
EBIT / EV yield7.2%
Free-cash-flow yield6.5%
Dividend yield1.7%
Revenue (TTM)$43.6B
Net income (TTM)$1.7B
Operating margin5.6%
Return on capital15.2%
Debt incl. leases$4.6B
Cash & securities$1.6B
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies that hold large long-term investments). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$164middle half of models $162 – $170
Undervalued
+17.9% to fair value
Average of the 15 valuation models that pass our checks: multiples, discounted cash flow, dividend discount and earnings power value. A model more than 100% above or 60% below the price is left out as unrealistic. Model uncertainty is Medium, based on how far apart the models are. Undervalued or Overvalued means the gap to fair value is more than 17.5%.
Price $139
Undervalued < $140Fair $140 – $199Overvalued > $199
P/E multiple
$140
P/B multiple
$170
P/S multiple
$165
EV/EBITDA multiple
$169
EV/EBIT multiple
$167
EV/revenue multiple
$170
10-year DCF, EBITDA exit
$166
5-year DCF, EBITDA exit
$162
10-year DCF, revenue exit
$166
5-year DCF, revenue exit
$163
10-year DCF, growth exit
$161
5-year DCF, growth exit
$156
Dividend discount, stable
$104
Dividend discount, multi-stage
$185
Earnings power value
$215
Growth the price implies
6.4%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.13%, equity risk premium 4.30% (Damodaran). How it works.
What this means
Average business at a low price
Our models put fair value above today's price, but models can be wrong, so check the business first. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Consumer Staples peers. Open a lens to see the numbers behind it.
Strong: 70 to 100Fair: 50 to 69Weak: under 50No score: not enough data
Valuation
Strong
80/100
Cheap against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield7.2%
Free-cash-flow yield6.5%
Fair value vs price1.2×
Growth
Strong
70/100
Growing faster than most of its sector.
See the numbers →
Revenue growth (3y)4.1%
EPS growth (3y)-13.8%
Growth consistency100%
Profitability
Fair
53/100
Returns on capital are typical for its sector.
See the numbers →
Return on invested capital15.2%
Operating margin5.6%
Gross profitability42.3%
Financial health
Fair
69/100
Balance sheet is in typical shape for its sector.
See the numbers →
Piotroski F-Score7 / 9
Net debt / EBITDA0.8×
Interest coverNo interest cost
Dividends
Weak
49/100
Dividend is modest or less certain than peers.
See the numbers →
Dividend yield1.7%
Dividends vs free cash flow26%
Dividend growth1.7%
Quarterly results: last 6 quarters
+5.3%
May '25
+5.1%
Aug '25
+4.6%
Oct '25
+5.9%
Jan '26
+3.4%
May '26
+5.2%
Jul '26
Revenue against the same quarter a year earlier. Latest quarter revenue $11.3B, diluted EPS $2.48.
Compare with peers
DLTR Dollar Tree, Inc.71 COST Costco Wholesale Corp56 TGT Target Corp55 WMT Walmart Inc.51Other Consumer Staples Merchandise Retail companies by X-Ray Score.
SWOT analysis: Dollar General Corp
Strengthsinside the company
- Free cash flow equals 6.5% of the market value, which funds dividends, buybacks or debt paydown.
- Operating profit covers interest 50x, so debt costs are a small drag.
- Passes 7 of the 9 Piotroski tests, which points to improving profitability, funding and efficiency.
Weaknessesinside the company
- Earnings per share have declined 13.8% a year over three years.
- Altman Z-score of 1.8 is in the zone linked with financial distress in past studies.
Opportunitiesvaluation and setting
- Dividends use only 26% of free cash flow, which leaves room to raise them.
- Trades at 18.1x earnings, 40% below the 30.1x median of industry peers.
- The price is 18% below our fair value estimate, with the gap larger than the margin we allow for error.
- Price momentum is strong on the weekly and monthly signals (trends can reverse).
Threatsvaluation and setting
- No specific threat is flagged by our checks; general market and interest-rate risk still applies.
Written by fixed rules from the figures on this page and the peer table below: filings, our fair value, the sector climate and the price trend. It summarises the data, it is not a forecast or advice.
Compare DG with peers and sector
Medians of 4 Consumer Staples Merchandise Retail peers and of 28 Consumer Staples stocks in our universe.
Largest peers (X-Ray Score): WMT 51, COST 56, TGT 55, DLTR 71.
| Metric | DG | Peers | Sector |
|---|---|---|---|
| X-Ray Score (out of 100) | 66 | 56 | 50 |
| Valuation | 80 | 43 | 53 |
| Growth | 70 | 71 | 48 |
| Profitability | 53 | 69 | 51 |
| Financial health | 69 | 62 | 46 |
| Dividends | 49 | 52 | 51 |
Sector leaders: highest X-Ray Score in Consumer Staples
DG ranks #3 of 29 in Consumer Staples and #2 of 5 in Consumer Staples Merchandise Retail by X-Ray Score. A higher score is stronger on our five pillars; it is a ranking of facts, not a forecast.
Green means better than the peer median, red worse (only where a higher or lower figure is clearly better). A dash means too few companies report the figure. P/E, EV/EBITDA and price changes are not graded: a different level is not good or bad by itself.
Factor ratings for DG
Each factor is rated by where DG stands among the 29 Consumer Staples stocks in our universe.
Rating against the sector
Goodthe top third of these stocks
Averagethe middle third of these stocks
Badthe bottom third of these stocks
"Beats" is the share of those stocks it is ahead of.
Against its own history
The last columns set today's figure against the company's own median of its last five financial years:
▲ Betterbetter than its usual level
▼ Worseworse than its usual level
≈ In linewithin its usual range
For valuation factors Good means cheaper than most of the sector and Better means cheaper than usual for this company, which is not the same as a bargain.
In total: 10 Good · 9 Average · 3 Bad of 22
Growth: 1 · 1 · 1
Profitability: 0 · 5 · 0
Financial strength: 3 · 1 · 0
Valuation: 4 · 1 · 0
Cash flow: 2 · 1 · 1
Efficiency: 0 · 0 · 1
| Factor | DG | Rating | Sector median | Own 5-year median | Against own history |
|---|---|---|---|---|---|
| Growth | |||||
| Revenue growth, 3 years a year | +4.1% | Average beats 66% | +2.3% | – | – |
| Revenue growth, last year | +5.2% | Good beats 70% | +2.2% | +5.0% | ≈ In line |
| EPS growth, 3 years a year | −13.8% | Bad beats 26% | +2.0% | – | – |
| Profitability | |||||
| Gross margin | 31.2% | Average beats 35% | 38.7% | 30.7% | ≈ In line |
| Operating margin | 5.6% | Average beats 39% | 11.0% | 6.3% | ≈ In line |
| Net margin | 3.9% | Average beats 38% | 6.9% | 4.3% | ≈ In line |
| Return on invested capital | 15.2% | Average beats 50% | 15.2% | – | – |
| Return on equity | 18.3% | Average beats 48% | 18.6% | 24.6% | ▼ Worse |
| Financial strength | |||||
| Net debt / EBITDA | 0.8x | Good beats 86% | 2.0x | 1.6x | ▲ Better |
| Interest cover | 50.0x | Good beats 83% | 11.8x | 15.8x | ▲ Better |
| Current ratio | 1.21 | Average beats 66% | 1.04 | 1.19 | ≈ In line |
| Piotroski F-score | 7 / 9 | Good beats 79% | 6 / 9 | – | – |
| Valuation | |||||
| P/E ratio | 18.1x | Good beats 76% | 25.0x | 20.1x | ≈ In line |
| Price / book | 3.3x | Average beats 63% | 4.5x | 4.4x | ▲ Better |
| Price / sales | 0.7x | Good beats 80% | 1.8x | 0.8x | ≈ In line |
| EV / EBITDA | 9.6x | Good beats 94% | 15.2x | 11.0x | ▲ Better |
| Free cash flow yield | 6.5% | Good beats 79% | 4.8% | 3.7% | ▲ Better |
| Cash flow | |||||
| Free cash flow margin | 4.6% | Bad beats 33% | 9.3% | 4.2% | ≈ In line |
| Cash from operations / net income | 1.95 | Good beats 77% | 1.54 | 1.44 | ▲ Better |
| Free cash flow growth, 3 years a year | +78.1% | Good beats 98% | +11.0% | – | – |
| Accruals (lower is better) | −5.0% | Average beats 60% | −4.2% | – | – |
| Efficiency | |||||
| Inventory turnover | 4.6x | Bad beats 31% | 5.3x | 4.2x | ≈ In line |
These ratings compare companies with each other and describe the past; they are not a forecast, a recommendation or part of the X-Ray Score. A factor is left out when its data is missing or meaningless (for example a P/E on negative earnings). A dash in the history columns means fewer than three usable years.
Fundamentals checklist
● 8 Good · ● 6 Average · ● 2 BadCash quality
Earnings backed by cashAverage
Free-cash-flow yieldGood
Risk models
Altman Z''Bad
Piotroski F-ScoreGood
Growth
EPS growth (3y)Bad
Free-cash-flow growth (3y)Good
Revenue growth (3y)Average
Growth consistencyGood
Balance sheet
Current ratioAverage
Net debt / EBITDAGood
Interest coverGood
Valuation
Fair value vs priceGood
EBIT / EV yieldGood
Profitability
Return on invested capitalAverage
Operating marginAverage
Gross profitabilityAverage
Each check is graded against the company's sector, not a fixed number. Checklist score 68/100.
Financials
| FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Revenue | $34.2B | $37.8B | $38.7B | $40.6B | $42.7B |
| Operating income | $3.2B | $3.3B | $2.4B | $1.7B | $2.2B |
| Net income | $2.4B | $2.4B | $1.7B | $1.1B | $1.5B |
| Operating cash flow | $2.9B | $2.0B | $2.4B | $3.0B | $3.6B |
| Operating margin | 9.4% | 8.8% | 6.3% | 4.2% | 5.2% |
| Free cash flow | $1.8B | $424M | $692M | $1.7B | $2.4B |
| Diluted EPS | $10.17 | $10.68 | $7.55 | $5.11 | $6.85 |
Fiscal years, from SEC filings.
Technical summary
Daily
Strongly bullish
12 bullish · 1 neutral · 3 bearish
Weekly
Strongly bullish
11 bullish · 1 neutral · 0 bearish
Monthly
Strongly bullish
7 bullish · 1 neutral · 0 bearish
Moving averages (daily)
| SMA 10 | 131.6 | Bullish |
| EMA 10 | 131.9 | Bullish |
| SMA 20 | 126.5 | Bullish |
| EMA 20 | 128.8 | Bullish |
| SMA 50 | 125.0 | Bullish |
| EMA 50 | 125.4 | Bullish |
| SMA 100 | 121.1 | Bullish |
| EMA 100 | 123.2 | Bullish |
| SMA 200 | 125.1 | Bullish |
| EMA 200 | 120.8 | Bullish |
Oscillators (daily)
| RSI (14) | 69.14 | Neutral |
| MACD (12, 26) | 3.29 | Bullish |
| Momentum (12) | 12.85 | Bullish |
| Stochastic %K (14) | 99.95 | Bearish |
| Williams %R (14) | -0.05 | Bearish |
| CCI (20) | 139.1 | Bearish |
Pivot points (classic, last session)
S3 127.6 | S2 129.9 | S1 134.5 | Pivot 136.8 | R1 141.4 | R2 143.7 | R3 148.3 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
2.36 USD
Yield on today's price
1.70%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 0.5900 | |
| 0.5900 | |
| 0.5900 | |
| 0.5900 | |
| 0.5900 | |
| 0.5900 | |
| 0.5900 | |
| 0.5900 | |
| 0.5900 | |
| 0.5900 | |
| 0.5900 | |
| 0.5900 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
ETFs that hold DG
| ETF | Share of the fund |
|---|---|
| RSPS Invesco S&P 500 Equal Weight Consumer... | 3.49% |
| XLP Consumer Staples Select Sector SPDR | 1.65% |
| XRT SPDR S&P Retail | 1.41% |
| FSTA Fidelity MSCI Consumer Staples Index | 1.09% |
| VDC Vanguard Consumer Staples | 0.92% |
| COWZ Pacer US Cash Cows 100 | 0.81% |
| RPV Invesco S&P 500 Pure Value | 0.67% |
| FEGE First Eagle Global Equity | 0.62% |
The eight funds with the largest weight in DG among the ETFs we cover, from each fund's latest SEC Form N-PORT (quarter-end positions, so they can be months old). All ETFs.
DG SEC filings
8-KSEC EDGAR
Director or officer change; Regulation FD disclosure
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Results of operations; Regulation FD disclosure
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Results of operations; Shareholder vote results
DEF 14ASEC EDGAR
Proxy statement
8-KSEC EDGAR
Director or officer change; Regulation FD disclosure
10-KSEC EDGAR
Annual report
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.