Earnings before Interest, Tax, Depreciation and Amortization (EBITDA)
EV to EBITDA Ratio, Current
EV to EBITDA Ratio, Historical

Dollar Tree Inc., EBITDA calculation

US$ in thousands

12 months ended:	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020	Feb 2, 2019	Feb 3, 2018	Jan 28, 2017
Net income (loss)	1,327,900)	1,341,900)	827,000)	(1,590,800)	1,714,300)	896,200)
Add: Income tax expense	304,300)	397,900)	271,700)	281,800)	(10,300)	433,200)
Earnings before tax (EBT)	1,632,200)	1,739,800)	1,098,700)	(1,309,000)	1,704,000)	1,329,400)
Add: Interest expense, net	178,900)	147,300)	162,100)	370,000)	301,800)	375,500)
Earnings before interest and tax (EBIT)	1,811,100)	1,887,100)	1,260,800)	(939,000)	2,005,800)	1,704,900)
Add: Depreciation and amortization	716,000)	686,600)	645,400)	621,100)	611,200)	637,500)
Earnings before interest, tax, depreciation and amortization (EBITDA)	2,527,100)	2,573,700)	1,906,200)	(317,900)	2,617,000)	2,342,400)

Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28).

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Item	Description	The company
EBITDA	To calculate EBITDA analysts start with net earnings. To that earnings number, interest, taxes, depreciation, and amortization are added. EBITDA as a pre-interest number is a flow to all providers of capital.	Dollar Tree Inc. EBITDA increased from 2020 to 2021 but then slightly decreased from 2021 to 2022.

Dollar Tree Inc., current EV/EBITDA calculation, comparison to benchmarks

Selected Financial Data (US$ in thousands)
Enterprise value (EV)	36,133,978)
Earnings before interest, tax, depreciation and amortization (EBITDA)	2,527,100)
Valuation Ratio
EV/EBITDA	14.30
Benchmarks
EV/EBITDA, Competitors¹
Costco Wholesale Corp.	32.50
Dollar General Corp.	7.13
Target Corp.	9.31
Walmart Inc.	19.63
EV/EBITDA, Sector
Consumer Staples Distribution & Retail	21.02
EV/EBITDA, Industry
Consumer Staples	19.52

Based on: 10-K (reporting date: 2022-01-29).

¹ Click competitor name to see calculations.

If the company EV/EBITDA is lower then the EV/EBITDA of benchmark then company is relatively undervalued.
Otherwise, if the company EV/EBITDA is higher then the EV/EBITDA of benchmark then company is relatively overvalued.

Dollar Tree Inc., historical EV/EBITDA calculation, comparison to benchmarks

	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020	Feb 2, 2019	Feb 3, 2018	Jan 28, 2017
Selected Financial Data (US$ in thousands)
Enterprise value (EV)¹	36,437,266)	27,261,718)	21,223,520)	28,668,857)	27,305,122)	23,540,007)
Earnings before interest, tax, depreciation and amortization (EBITDA)²	2,527,100)	2,573,700)	1,906,200)	(317,900)	2,617,000)	2,342,400)
Valuation Ratio
EV/EBITDA³	14.42	10.59	11.13	—	10.43	10.05
Benchmarks
EV/EBITDA, Competitors⁴
Costco Wholesale Corp.	21.19	22.64	21.69	20.13	—	—
Dollar General Corp.	14.60	11.55	13.79	12.89	—	—
Target Corp.	9.00	10.35	8.50	7.49	—	—
Walmart Inc.	13.94	12.01	11.12	13.73	—	—
EV/EBITDA, Sector
Consumer Staples Distribution & Retail	14.20	13.35	12.38	13.67	—	—
EV/EBITDA, Industry
Consumer Staples	15.87	15.79	14.68	18.29	—	—

Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28).

¹ See details »

² See details »

³ 2022 Calculation
EV/EBITDA = EV ÷ EBITDA
= 36,437,266 ÷ 2,527,100 = 14.42

⁴ Click competitor name to see calculations.

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Valuation ratio	Description	The company
EV/EBITDA	Enterprise value to earnings before interest, tax, depreciation and amortization is a valuation indicator for the overall company rather than common stock.	Dollar Tree Inc. EV/EBITDA ratio decreased from 2020 to 2021 but then increased from 2021 to 2022 exceeding 2020 level.

Dollar Tree Inc. (NASDAQ:DLTR)

Enterprise Value to EBITDA (EV/EBITDA)

Earnings before Interest, Tax, Depreciation and Amortization (EBITDA)

Enterprise Value to EBITDA Ratio, Current

Enterprise Value to EBITDA Ratio, Historical