DG (Dollar General) Cyclically Adjusted PS Ratio: 0.70 (As of Jul. 24, 2026) — 58% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

DG Dollar General Corp DG
77 GF Score
Price $115.16
GF Value $122.29
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Dollar General Cyclically Adjusted PS Ratio?

Dollar General DG -4.22% 77 Cyclically Adjusted PS Ratio is 0.70 as of Jul. 24, 2026, which is 58% below its 10-year median of 1.66. GuruFocus rates DG with a GF Score™ of 77/100 and a GF Value™ of $122.29 (Fairly Valued). The stock has 3 warning signs investors should review. Among 239 Retail - Defensive companies, Dollar General ranks worse than 65.69% on this metric.

As of today (2026-07-24), Dollar General's current share price is $115.16. Dollar General's Cyclically Adjusted Revenue per Share for the quarter that ended in Apr. 2026 was $163.71. Dollar General's Cyclically Adjusted PS Ratio for today is 0.70.

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

DG' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.49   Med: 1.66   Max: 2.85
Current: 0.7

During the past years, Dollar General's highest Cyclically Adjusted PS Ratio was 2.85. The lowest was 0.49. And the median was 1.66.

DG's Cyclically Adjusted PS Ratio is ranked worse than
65.69% of 239 companies
in the Retail - Defensive industry
Industry Median: 0.44 vs DG: 0.70

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Dollar General's adjusted revenue per share data for the three months ended in Apr. 2026 was $48.687. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is $163.71 for the trailing ten years ended in Apr. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Dollar General  (NYSE:DG) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


Dollar General Cyclically Adjusted PS Ratio Related Terms


Dollar General Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Dollar General's Cyclically Adjusted PS 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 PS Ratio Chart

Dollar General Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.11 2.02 1.02 0.49 0.91

Dollar General Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
Cyclically Adjusted PS 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 0.63 0.69 0.64 0.91 0.71

DG vs DLTR, BJ, PSMT: Cyclically Adjusted PS Ratio Comparison

For the Discount Stores subindustry, Dollar General's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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 PS Ratio vs Retail - Defensive Industry

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

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


DG
77GF Score
Dollar General Corp DG
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Dollar General Cyclically Adjusted PS Ratio Calculation

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

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=115.16/163.71
=0.70

* 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 Revenue per Share for the quarter that ended in Apr. 2026 is calculated as:

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

Adj_RevenuePerShare=Revenue per Share/CPI of Apr. 2026 (Change)*Current CPI (Apr. 2026)
=48.687/333.0200*333.0200
=48.687

Current CPI (Apr. 2026) = 333.0200.

Dollar General Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201607 18.978 240.628 26.265
201610 18.913 241.729 26.056
201701 21.720 242.839 29.786
201704 20.383 244.524 27.760
201707 21.261 244.786 28.925
201710 21.634 246.663 29.208
201801 22.599 247.867 30.363
201804 22.719 250.546 30.198
201807 24.112 252.006 31.863
201810 24.169 252.885 31.828
201901 25.329 251.712 33.511
201904 25.448 255.548 33.163
201907 26.946 256.571 34.975
201910 27.130 257.346 35.108
202001 28.053 257.971 36.214
202004 33.311 256.389 43.267
202007 34.435 259.101 44.259
202010 32.922 260.388 42.105
202101 34.286 261.582 43.650
202104 34.960 267.054 43.596
202107 36.590 273.003 44.634
202110 36.397 276.589 43.823
202201 37.208 281.148 44.073
202204 38.114 289.109 43.903
202207 41.440 296.276 46.579
202210 41.936 298.012 46.862
202301 45.871 299.170 51.061
202304 42.447 303.363 46.597
202307 44.538 305.691 48.520
202310 44.104 307.671 47.738
202401 44.833 308.417 48.409
202404 45.053 313.548 47.851
202407 46.397 314.540 49.123
202410 46.289 315.664 48.834
202501 46.840 317.671 49.103
202504 47.407 320.795 49.214
202507 48.574 323.048 50.073
202510 48.197 0.000
202601 49.302 325.252 50.479
202604 48.687 333.020 48.687

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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 PS Ratio of 0.70 mean?
Dollar General (DG) has a Cyclically Adjusted PS Ratio of 0.70 as of Jul. 24, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Dollar General and its competitors. This is 58% below median its historical median of 1.66. Over the past decade, Dollar General's Cyclically Adjusted PS Ratio has ranged from 0.49 to 2.85. According to the industry distribution chart, Dollar General ranks #157 out of 239 companies in the Retail - Defensive industry, placing it in the top 65.7%.
Is Dollar General's Cyclically Adjusted PS Ratio too high?
Dollar General's current Cyclically Adjusted PS Ratio of 0.70 is 58% below median its 10-year median of 1.66. Over the past 10 years, this metric has ranged from a low of 0.49 to a high of 2.85. The Retail - Defensive industry median Cyclically Adjusted PS Ratio is 0.44. Dollar General's value of 0.70 is 59.1% above this industry median. Based on the distribution chart, Dollar General ranks #157 out of 239 companies in the Retail - Defensive industry, which is below the industry midpoint. Overall, Dollar General has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Dollar General's Cyclically Adjusted PS Ratio compare to DLTR and BJ?
According to the Retail - Defensive industry distribution chart, Dollar General ranks #157 out of 239 companies for Cyclically Adjusted PS Ratio. This places Dollar General in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.44. Dollar General's value of 0.70 is 59.1% above this benchmark. Historically, Dollar General's own Cyclically Adjusted PS Ratio has ranged from 0.49 to 2.85 over the past decade. While the company's 10-year median is 1.66 vs. the industry median of 0.44, 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 PS Ratio for a Retail - Defensive company?
The median Cyclically Adjusted PS Ratio among Retail - Defensive companies is 0.44, based on 239 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Dollar General's current Cyclically Adjusted PS Ratio of 0.70 is 59.1% 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 PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue 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 PS Ratio is 0.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dollar General's current Cyclically Adjusted PS Ratio is 0.70, which is 58% below median its own 10-year median of 1.66. 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 (DG) is currently considered Fairly Valued. The stock's GF Value™ is $122.29, compared to a current price of $115.16 — trading 5.8% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.70, which is 58% below median its 10-year median of 1.66 and 59.1% above the Retail - Defensive industry median of 0.44. Dollar General's overall GF Score™ is 77/100 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 PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Dollar General (DG), the current Cyclically Adjusted PS Ratio is 0.70 as of Jul. 24, 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 (DG) Overvalued in 2026?

Based on GuruFocus' analysis, Dollar General stock appears to be undervalued. The current stock price of $115.16 is trading 5.8% below its estimated GF Value™ of $122.29. GuruFocus considers Dollar General to be Fairly Valued.

Key valuation signals for DG:

  • Cyclically Adjusted PS Ratio: 0.70 (58% below median its 10-year median of 1.66)
  • GF Value™: $122.29 vs. price of $115.16 (5.8% below fair value)
  • GF Score™: 77/100 with 3 warning signs
  • Industry Position: 59.1% above the Retail - Defensive median (#157 of 239)

No single metric tells the full story. See the DG 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.
77GF Score

Get the complete analysis for DG

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

$115.16
Price
$122.29
GF Value