Dollar General's Enterprise Value for the quarter that ended in Jan. 2024 was $46,564 Mil.
Dollar General's EBIT for the trailing twelve months (TTM) ended in Jan. 2024 was $2,446 Mil. Dollar General's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jan. 2024 was 5.25%.
The historical rank and industry rank for Dollar General's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
DG'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 3.97 Med: 6.72 Max: 9.36
Current: 4.96
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Dollar General was 9.36%. The lowest was 3.97%. And the median was 6.72%.
DG's Earnings Yield (Joel Greenblatt) % is ranked worse than 61.01% of 318
companies
in the Retail - Defensive industry
Industry Median: 6.505
vs DG: 4.96
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. Dollar General's Forward Rate of Return (Yacktman) % for the quarter that ended in Jan. 2024 was 16.81%. The Forward Rate of Return uses the normalized Free Cash Flow of the past seven years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.
Dollar General Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Dollar General's Earnings Yield (Joel Greenblatt) % 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.
* Premium members only.
Dollar General Annual Data
Trend
Jan15
Jan16
Jan17
Jan18
Jan19
Jan20
Jan21
Jan22
Jan23
Jan24
Earnings Yield (Joel Greenblatt) %
4.60
6.02
5.21
4.86
5.25
Dollar General Quarterly Data
Apr19
Jul19
Oct19
Jan20
Apr20
Jul20
Oct20
Jan21
Apr21
Jul21
Oct21
Jan22
Apr22
Jul22
Oct22
Jan23
Apr23
Jul23
Oct23
Jan24
Earnings Yield (Joel Greenblatt) %
4.86
5.02
5.67
6.39
5.25
Competitive Comparison
For the Discount Stores subindustry, Dollar General's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % 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 Earnings Yield (Joel Greenblatt) % Distribution
For the Retail - Defensive industry and Consumer Defensive sector, Dollar General's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Dollar General's Earnings Yield (Joel Greenblatt) % falls into.
Dollar General Earnings Yield (Joel Greenblatt) % Calculation
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Dollar Generals Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jan. 2024 is calculated as
Dollar General's EBIT for the trailing twelve months (TTM) ended in Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,446 Mil.
Dollar General (NYSE:DG) Earnings Yield (Joel Greenblatt) % Explanation
Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.
Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.
Be Aware
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
Dollar General Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Dollar General's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Dollar General (Dollar General) Business Description
With over 19,000 locations, Dollar General's banner is nearly ubiquitous across the rural United States. Dollar General serves as a convenient shopping destination for fill-in store trips, with its value proposition most relevant to consumers in small communities with a dearth of shopping options. The retailer operates a frugal store of about 7,500 square feet and primarily offers an assortment of branded and private-label consumable items (80% of net sales) such as paper and cleaning products, packaged and perishable food, tobacco, and health and beauty items at low prices. Dollar General also offers a limited assortment of seasonal merchandise, home products, and apparel. The firm sells most items at a price point of $10 or lower.
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