DLTR (Dollar Tree) Scaled Net Operating Assets: 0.75 (As of Apr. 2026)


DLTR Dollar Tree Inc DLTR
76 GF Score
Price $122.09
GF Value $145.99
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Dollar Tree Scaled Net Operating Assets?

Dollar Tree DLTR -1.44% 76 Scaled Net Operating Assets is 0.75 as of Apr. 2026. GuruFocus rates DLTR with a GF Score™ of 76/100 and a GF Value™ of $145.99 (Modestly Undervalued). The stock has 2 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Dollar Tree's operating assets for the quarter that ended in Apr. 2026 was $12,817 Mil. Dollar Tree's operating liabilities for the quarter that ended in Apr. 2026 was $2,724 Mil. Dollar Tree's Total Assets for the quarter that ended in Jan. 2026 was $13,466 Mil. Therefore, Dollar Tree's scaled net operating assets (SNOA) for the quarter that ended in Apr. 2026 was 0.75.


Dollar Tree Scaled Net Operating Assets Historical Data

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The historical data trend for Dollar Tree's Scaled Net Operating Assets 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 Tree Scaled Net Operating Assets Chart

Dollar Tree Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.81 0.84 0.62 0.48 0.54

Dollar Tree Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
Scaled Net Operating Assets 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 0.58 0.56 0.79 0.74 0.75

DLTR vs DG, BJ, PSMT: Scaled Net Operating Assets Comparison

For the Discount Stores subindustry, Dollar Tree's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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 Tree Scaled Net Operating Assets vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Dollar Tree's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Dollar Tree's Scaled Net Operating Assets falls into.


DLTR
76GF Score
Dollar Tree Inc DLTR
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Dollar Tree Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Dollar Tree's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jan. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(A: Jan. 2026 )
=(Operating Assets (A: Jan. 2026 )-Operating Liabilities (A: Jan. 2026 ))/Total Assets (A: Jan. 2025 )
=(12748.4-2655.7)/18644
=0.54

where

Operating Assets(A: Jan. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=13466.2 - 717.8
=12748.4

Operating Liabilities(A: Jan. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=9711.3 - 6055.4 - 1000.2
=2655.7

Dollar Tree's Scaled Net Operating Assets (SNOA) for the quarter that ended in Apr. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Apr. 2026 )
=(Operating Assets (Q: Apr. 2026 )-Operating Liabilities (Q: Apr. 2026 ))/Total Assets (Q: Jan. 2026 )
=(12816.5-2723.5)/13466.2
=0.75

where

Operating Assets(Q: Apr. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=13823.8 - 1007.3
=12816.5

Operating Liabilities(Q: Apr. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=10316.8 - 6588.1 - 1005.2
=2723.5

* 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.

What does a Scaled Net Operating Assets of 0.75 mean?
Dollar Tree (DLTR) has a Scaled Net Operating Assets of 0.75 as of Apr. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Dollar Tree and its competitors.
Is Dollar Tree's Scaled Net Operating Assets too high?
Dollar Tree's current Scaled Net Operating Assets is 0.75. Overall, Dollar Tree has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Dollar Tree's Scaled Net Operating Assets compare to DG and BJ?
Dollar Tree's Scaled Net Operating Assets of 0.75 can be compared against companies in the Retail - Defensive industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a Retail - Defensive company?
A good Scaled Net Operating Assets depends on the Retail - Defensive industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Dollar Tree and its competitors. Dollar Tree's current Scaled Net Operating Assets is 0.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dollar Tree stock overvalued right now?
Based on GuruFocus' analysis, Dollar Tree (DLTR) is currently considered Modestly Undervalued. The stock's GF Value™ is $145.99, compared to a current price of $122.09 — trading 16.4% below its estimated fair value. The current Scaled Net Operating Assets is 0.75. Dollar Tree's overall GF Score™ is 76/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Dollar Tree (DLTR), the current Scaled Net Operating Assets is 0.75 as of Apr. 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 Tree (DLTR) Overvalued in 2026?

Based on GuruFocus' analysis, Dollar Tree stock appears to be undervalued. The current stock price of $122.09 is trading 16.4% below its estimated GF Value™ of $145.99. GuruFocus considers Dollar Tree to be Modestly Undervalued.

Key valuation signals for DLTR:

  • Scaled Net Operating Assets: 0.75
  • GF Value™: $145.99 vs. price of $122.09 (16.4% below fair value)
  • GF Score™: 76/100 with 2 warning signs

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


Dollar Tree Business Description

Address 500 Volvo Parkway, Chesapeake, VA, USA, 23320
Founded in 1986, Dollar Tree operates almost 9,000 small-box discount stores across the United States and Canada, offering roughly 85% of its merchandise under $2. The chain targets value-conscious suburban and urban shoppers with a mix of consumables (49% of sales), variety (45%), and seasonal goods (6%). In fiscal 2025, Dollar Tree generated over $19 billion in sales, through its multi-price strategy, higher-margin discretionary assortments, and private-label products that account for nearly one-third of sales.
76GF Score

Get the complete analysis for DLTR

Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$122.09
Price
$145.99
GF Value