Question 1

What is Dollar Tree's P/FCF ratio?

Accepted Answer

Dollar Tree (DLTR) P/FCF ratio is 15.5× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month free cash flow, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/FCF ratio calculated?

Accepted Answer

P/FCF = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Free Cash Flow, where Free Cash Flow = Operating Cash Flow − Capital Expenditures. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/FCF ratio?

Accepted Answer

The price-to-free-cash-flow (P/FCF) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) free cash flow. It is calculated as market cap ÷ TTM free cash flow, where free cash flow = operating cash flow − capital expenditures. Because FCF cannot be inflated by non-cash accounting items, P/FCF is often considered a cleaner measure of "earnings-power valuation" than P/E — especially for capital-intensive businesses where depreciation diverges from real cash outflows.

Question 4

What is a good P/FCF ratio for Dollar Tree?

Accepted Answer

Mature companies that consistently convert profit into cash often trade at 15–25× P/FCF; capital-intensive businesses with lumpy capex typically trade lower. Compare against sector peers and against the company's own multi-year average — single-year P/FCF can be distorted by working-capital swings. For Dollar Tree specifically, the relevant sector benchmark is the current sector median of 16.5×.

Question 5

Is Dollar Tree's P/FCF ratio high or low?

Accepted Answer

Dollar Tree's P/FCF ratio of 15.5× is below its own 5-year average of 56.0× and below the sector median of 16.5×. That places the current reading at the 21th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Dollar Tree's historical P/FCF ratio range?

Accepted Answer

In the available daily series, Dollar Tree (DLTR) P/FCF ratio has ranged from a low of 8.2× in 2025 to a high of 524.2× in 2004. The 5-year average is 56.0× and the 5-year median is 36.2×.

Question 7

What was Dollar Tree's P/FCF ratio in 2026?

Accepted Answer

Dollar Tree (DLTR) P/FCF ratio at the end of 2026 was 16.7×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month free cash flow figure available at that date.

Question 8

Why does Dollar Tree's P/FCF ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (free cash flow). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2026	$23.4B	$1.4B	16.7×	+6.6×	Jan 31, 2026
2025	$15.8B	$1.56B	10.1×	-42.3×	Feb 1, 2025
2024	$30.2B	$577M	52.4×	-41.0×	Feb 3, 2024
2023	$33.2B	$356M	93.4×	+22.7×	Jan 28, 2023
2022	$28.9B	$409M	70.7×	+57.6×	Jan 29, 2022
2021	$23.8B	$1.82B	13.1×	-11.6×	Jan 30, 2021
2020	$20.6B	$833M	24.7×	+0.5×	Feb 1, 2020
2019	$23B	$949M	24.3×	-5.1×	Feb 2, 2019
2018	$25.8B	$878M	29.4×	+13.6×	Feb 3, 2018
2017	$17.5B	$1.11B	15.8×	-47.8×	Jan 28, 2017
2016	$19.1B	$300M	63.6×	+39.3×	Jan 30, 2016
2015	$14.6B	$601M	24.3×	+1.6×	Jan 31, 2015
2014	$10.5B	$463M	22.7×	-2.1×	Feb 1, 2014
2013	$9.06B	$366M	24.8×	+2.2×	Feb 2, 2013
2012	$9.87B	$436M	22.6×	+3.9×	Jan 28, 2012
2011	$6.36B	$340M	18.7×	+8.2×	Jan 29, 2011
2010	$4.37B	$416M	10.5×	-3.7×	Jan 30, 2010
2009	$3.87B	$272M	14.2×	-0.5×	Jan 31, 2009
2008	$2.53B	$172M	14.7×	-2.7×	Feb 2, 2008
2007	$3.2B	$183M	17.4×	+5.6×	Feb 3, 2007
2006	$2.67B	$226M	11.8×	-20.1×	Jan 28, 2006
2005	$3.02B	$94.7M	31.9×	-492.3×	Jan 29, 2005
2004	$3.65B	$6.97M	524.2×	—	Jan 31, 2004
2002	$2.77B	$70.8M	39.2×	—	Dec 31, 2002


Target (TGT)	18.7×
Tyson Foods (TSN)	18.4×
Colgate-Palmolive (CL)	18.2×
Kenvue (KVUE)	18.1×
Hormel Foods (HRL)	17.1×
Universal Corporation (UVV)	16.5×
Marzetti (MZTI)	15.3×
Kroger (KR)	14.3×
Brown-Forman (BF-B)	13.2×
Performance Food Group (PFGC)	12.9×
Altria Group (MO)	12.8×
Constellation Brands (STZ)	12.8×
Kimberly-Clark (KMB)	12.4×
General Mills (GIS)	11.1×
McCormick & Company (MKC)	10.8×
Lamb Weston (LW)	10.3×
J. M. Smucker (SJM)	9.0×
Dollar General (DG)	8.7×
Coca-Cola Europacific Partners (CCEP)	8.3×
Archer-Daniels-Midland (ADM)	7.3×
Molson Coors Beverage (TAP)	7.0×
Campbell Soup (CPB)	6.8×
Kraft Heinz (KHC)	6.6×
Conagra Brands (CAG)	6.4×
Albertsons Companies (ACI)	4.4×

P/FCF Ratio for Dollar Tree (DLTR) 2002-2026

P/FCF Ratio daily chart for Dollar Tree (DLTR)

Historical P/FCF Ratio for Dollar Tree (DLTR) from 2002 to 2026

About P/FCF Ratio at Dollar Tree (DLTR)

Dollar Tree P/FCF Ratio by Year

Dollar Tree P/FCF Ratio 2026: 16.7×

Dollar Tree P/FCF Ratio 2025: 10.1×

Dollar Tree P/FCF Ratio 2024: 52.4×

Dollar Tree P/FCF Ratio 2023: 93.4×

Dollar Tree P/FCF Ratio 2022: 70.7×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

Dollar Tree (DLTR) Key Financials