DOLLAR GENERAL CORP (DG)

Retail-Variety Stores

Latest Price

$127.05

TTM P/E

17.97

Normalized P/E

16.38

Div Yield

1.86%

Book Value

40.13

P/B Ratio

3.17

Valuation metrics

EPS: $6.85

Book value / share: $38.65

Formula: √(22.5 × EPS × BVPS)

Graham Number

$77.18

39% downside

Norm. op. income: $2.4B (median of 7yr)

Tax rate: 22%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$71.44

44% downside

Base FCF: $1.8B (median of recent 5yr)

Growth: 14%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$256.86

+102% upside

EPS: $6.85

Target P/E: 16×

Formula: EPS × P/E

P/E Fair Value

$109.60

14% downside

93.4% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	25.37M	$3.01B	11.51%	+296.6K	2026-03-31
VANGUARD CAPITAL MANAGEMENT LLC	14.31M	$1.70B	6.49%	--	2026-03-31
STATE STREET CORP	11.18M	$1.33B	5.07%	+161.9K	2026-03-31
VANGUARD PORTFOLIO MANAGEMENT LLC	10.94M	$1.30B	4.96%	--	2026-03-31
PZENA INVESTMENT MANAGEMENT LLC	6.90M	$818.0M	3.13%	-3.78M	2026-03-31
GEODE CAPITAL MANAGEMENT, LLC	5.84M	$691.0M	2.65%	+135.0K	2026-03-31
AQR CAPITAL MANAGEMENT LLC	5.17M	$610.0M	2.34%	+1.43M	2026-03-31
First Eagle Investment Management, LLC	4.46M	$529.0M	2.02%	+37.7K	2026-03-31
MORGAN STANLEY	4.32M	$512.0M	1.96%	-1.95M	2026-03-31
BANK OF AMERICA CORP /DE/	3.73M	$442.0M	1.69%	-31.0K	2026-03-31