Dollar General (XTER:7DG) Cyclically Adjusted PB Ratio: 3.88 (As of Aug. 28, 2026) — 37% Below Median

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XTER:7DG Dollar General Corp XTER:7DG
78 GF Score
Price €112.15
GF Value €107.83
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Dollar General Cyclically Adjusted PB Ratio?

Dollar General XTER:7DG +7.42% 78 Cyclically Adjusted PB Ratio is 3.88 as of Aug. 28, 2026, which is 37% below its 10-year median of 6.18. GuruFocus rates XTER:7DG with a GF Score™ of 78/100 and a GF Value™ of €107.83 (Fairly Valued). The stock has 3 warning signs investors should review. Among 216 Retail - Defensive companies, Dollar General ranks worse than 75.93% on this metric.

As of today (2026-08-28), Dollar General's current share price is €112.15. Dollar General's Cyclically Adjusted Book per Share for the quarter that ended in Jul. 2026 was €28.88. Dollar General's Cyclically Adjusted PB Ratio for today is 3.88.

The historical rank and industry rank for Dollar General's Cyclically Adjusted PB Ratio or its related term are showing as below:

XTER:7DG' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.33   Med: 6.18   Max: 10.86
Current: 3.79

During the past years, Dollar General's highest Cyclically Adjusted PB Ratio was 10.86. The lowest was 2.33. And the median was 6.18.

XTER:7DG's Cyclically Adjusted PB Ratio is ranked worse than
75.93% of 216 companies
in the Retail - Defensive industry
Industry Median: 1.635 vs XTER:7DG: 3.79

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Dollar General's adjusted book value per share data for the three months ended in Jul. 2026 was €36.840. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is €28.88 for the trailing ten years ended in Jul. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Dollar General  (XTER:7DG) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Dollar General Cyclically Adjusted PB Ratio Related Terms


Dollar General Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Dollar General's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Dollar General Cyclically Adjusted PB Ratio Chart

Dollar General Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.68 8.86 4.73 2.39 4.53

Dollar General Quarterly Data
Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26 Jul26
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.40 3.15 4.53 3.54 3.82

XTER:7DG vs DLTR, BJ, PSMT: Cyclically Adjusted PB Ratio Comparison

For the Discount Stores subindustry, Dollar General's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Dollar General Cyclically Adjusted PB Ratio vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Dollar General's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Dollar General's Cyclically Adjusted PB Ratio falls into.


XTER:7DG
78GF Score
Dollar General Corp XTER:7DG
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Dollar General Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Dollar General's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=112.15/28.88
=3.88

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Dollar General's Cyclically Adjusted Book per Share for the quarter that ended in Jul. 2026 is calculated as:

For example, Dollar General's adjusted Book Value per Share data for the three months ended in Jul. 2026 was:

Adj_Book=Book Value per Share/CPI of Jul. 2026 (Change)*Current CPI (Jul. 2026)
=36.84/333.9180*333.9180
=36.840

Current CPI (Jul. 2026) = 333.9180.

Dollar General Quarterly Data

Book Value per Share CPI Adj_Book
201610 17.623 241.729 24.344
201701 18.465 242.839 25.390
201704 18.811 244.524 25.688
201707 18.044 244.786 24.614
201710 18.000 246.663 24.367
201801 18.692 247.867 25.181
201804 18.996 250.546 25.317
201807 20.564 252.006 27.248
201810 21.034 252.885 27.774
201901 21.662 251.712 28.737
201904 22.645 255.548 29.590
201907 23.419 256.571 30.479
201910 23.606 257.346 30.630
202001 23.970 257.971 31.027
202004 26.349 256.389 34.317
202007 25.699 259.101 33.120
202010 24.235 260.388 31.079
202101 22.713 261.582 28.994
202104 22.120 267.054 27.658
202107 22.254 273.003 27.220
202110 23.027 276.589 27.800
202201 24.066 281.148 28.583
202204 24.320 289.109 28.089
202207 26.969 296.276 30.395
202210 27.665 298.012 30.998
202301 23.472 299.170 26.198
202304 24.679 303.363 27.165
202307 25.940 305.691 28.335
202310 27.836 307.671 30.211
202401 28.205 308.417 30.537
202404 29.670 313.548 31.598
202407 30.439 314.540 32.314
202410 30.710 315.664 32.486
202501 32.562 317.671 34.227
202504 31.155 320.795 32.429
202507 31.196 323.048 32.246
202510 31.946 0.000
202601 32.893 325.252 33.769
202604 34.277 333.020 34.369
202607 36.840 333.918 36.840

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PB Ratio of 3.88 mean?
Dollar General (XTER:7DG) has a Cyclically Adjusted PB Ratio of 3.88 as of Aug. 28, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Dollar General and its competitors. This is 37% below median its historical median of 6.18. Over the past decade, Dollar General's Cyclically Adjusted PB Ratio has ranged from 2.33 to 10.86. According to the industry distribution chart, Dollar General ranks #164 out of 216 companies in the Retail - Defensive industry, placing it in the top 75.9%.
Is Dollar General's Cyclically Adjusted PB Ratio too high?
Dollar General's current Cyclically Adjusted PB Ratio of 3.88 is 37% below median its 10-year median of 6.18. Over the past 10 years, this metric has ranged from a low of 2.33 to a high of 10.86. The Retail - Defensive industry median Cyclically Adjusted PB Ratio is 1.64. Dollar General's value of 3.88 is 137.3% above this industry median. Based on the distribution chart, Dollar General ranks #164 out of 216 companies in the Retail - Defensive industry, which is in the bottom quartile relative to peers. Overall, Dollar General has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Dollar General's Cyclically Adjusted PB Ratio compare to DLTR and BJ?
According to the Retail - Defensive industry distribution chart, Dollar General ranks #164 out of 216 companies for Cyclically Adjusted PB Ratio. This places Dollar General in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.64. Dollar General's value of 3.88 is 137.3% above this benchmark. Historically, Dollar General's own Cyclically Adjusted PB Ratio has ranged from 2.33 to 10.86 over the past decade. While the company's 10-year median is 6.18 vs. the industry median of 1.64, Dollar General has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Retail - Defensive company?
The median Cyclically Adjusted PB Ratio among Retail - Defensive companies is 1.64, based on 216 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Dollar General's current Cyclically Adjusted PB Ratio of 3.88 is 137.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Dollar General and its competitors. For the Retail - Defensive industry, the median Cyclically Adjusted PB Ratio is 1.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dollar General's current Cyclically Adjusted PB Ratio is 3.88, which is 37% below median its own 10-year median of 6.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dollar General stock overvalued right now?
Based on GuruFocus' analysis, Dollar General (XTER:7DG) is currently considered Fairly Valued. The stock's GF Value™ is €107.83, compared to a current price of €112.15 — trading 4% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.88, which is 37% below median its 10-year median of 6.18 and 137.3% above the Retail - Defensive industry median of 1.64. Dollar General's overall GF Score™ is 78/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Dollar General (XTER:7DG), the current Cyclically Adjusted PB Ratio is 3.88 as of Aug. 28, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Dollar General (XTER:7DG) Overvalued in 2026?

Based on GuruFocus' analysis, Dollar General stock appears to be overvalued. The current stock price of €112.15 is trading 4% above its estimated GF Value™ of €107.83. GuruFocus considers Dollar General to be Fairly Valued.

Key valuation signals for XTER:7DG:

  • Cyclically Adjusted PB Ratio: 3.88 (37% below median its 10-year median of 6.18)
  • GF Value™: €107.83 vs. price of €112.15 (4% above fair value)
  • GF Score™: 78/100 with 3 warning signs
  • Industry Position: 137.3% above the Retail - Defensive median (#164 of 216)

No single metric tells the full story. See the XTER:7DG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Dollar General Business Description

Address 100 Mission Ridge, Goodlettsville, TN, USA, 37072
Since its beginning in 1939, Dollar General has grown to become the largest dollar store operator in the United States, with more than 20,000 small-box discount stores across 48 states. The firm generated over $42 billion in fiscal 2025 sales. The retailer maintains a heavy concentration of stores in rural and low-income markets underserved by big-box retailers. It's 11,000 stock-keeping units, including 2,000 priced at $1 or less, span consumables (82% of sales), seasonal items (10%), home products (5%), and apparel (3%). More than 20% of sales are derived from private label.
78GF Score

Get the complete analysis for XTER:7DG

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€112.15
Price
€107.83
GF Value