DLMAY (Dollarama) Cyclically Adjusted Book per Share: $0.08 (As of Apr. 2026)


DLMAY Dollarama Inc DLMAY
74 GF Score
Price $14.44
GF Value $12.85
Valuation Modestly Overvalued
! 1 Warning Sign
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What is Dollarama Cyclically Adjusted Book per Share?

Dollarama DLMAY -7.55% 74 Cyclically Adjusted Book per Share is $0.08 as of Apr. 2026. GuruFocus rates DLMAY with a GF Score™ of 74/100 and a GF Value™ of $12.85 (Modestly Overvalued). The stock has 1 warning sign investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

Dollarama's adjusted book value per share for the three months ended in Apr. 2026 was $0.368. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is $0.08 for the trailing ten years ended in Apr. 2026.

During the past 12 months, Dollarama's average Cyclically Adjusted Book Growth Rate was 46.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 12.20% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -4.40% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Dollarama was 12.20% per year. The lowest was -20.40% per year. And the median was -11.80% per year.

As of today (2026-07-01), Dollarama's current stock price is $14.44. Dollarama's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2026 was $0.08. Dollarama's Cyclically Adjusted PB Ratio of today is 180.50.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Dollarama was 258.32. The lowest was 22.52. And the median was 87.85.


Dollarama  (OTCPK:DLMAY) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Dollarama's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=14.44/0.08
=180.50

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Dollarama was 258.32. The lowest was 22.52. And the median was 87.85.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Dollarama Cyclically Adjusted Book per Share Related Terms


Dollarama Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Dollarama's Cyclically Adjusted Book per Share 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.

Dollarama Cyclically Adjusted Book per Share Chart

Dollarama Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.06

Dollarama Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
Cyclically Adjusted Book per Share 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 0.00 0.00 0.06 0.06 0.08

DLMAY vs WMT, COST, TGT: Cyclically Adjusted Book per Share Comparison

For the Discount Stores subindustry, Dollarama's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio 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.


Dollarama Cyclically Adjusted PB Ratio vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Dollarama's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Dollarama's Cyclically Adjusted PB Ratio falls into.


DLMAY
74GF Score
Dollarama Inc DLMAY
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Dollarama Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Dollarama's adjusted Book Value per Share data for the three months ended in Apr. 2026 was:

Adj_Book= Book Value per Share /CPI of Apr. 2026 (Change)*Current CPI (Apr. 2026)
=0.368/132.2623*132.2623
=0.368

Current CPI (Apr. 2026) = 132.2623.

Dollarama Quarterly Data

Book Value per Share CPI Adj_Book
201607 0.054 101.844 0.070
201610 0.043 102.002 0.056
201701 0.022 102.318 0.028
201704 0.008 103.029 0.010
201707 -0.014 103.029 -0.018
201710 -0.004 103.424 -0.005
201801 -0.081 104.056 -0.103
201804 -0.035 105.320 -0.044
201807 -0.013 106.110 -0.016
201810 -0.052 105.952 -0.065
201901 -0.076 105.557 -0.095
201904 -0.052 107.453 -0.064
201907 -0.026 108.243 -0.032
201910 -0.027 107.927 -0.033
202001 -0.023 108.085 -0.028
202004 0.002 107.216 0.002
202007 0.027 108.401 0.033
202010 0.064 108.638 0.078
202101 0.085 109.192 0.103
202104 0.037 110.851 0.044
202107 0.036 112.431 0.042
202110 0.005 113.695 0.006
202201 -0.018 114.801 -0.021
202204 -0.005 118.357 -0.006
202207 -0.033 120.964 -0.036
202210 0.010 121.517 0.011
202301 0.007 121.596 0.008
202304 0.057 123.571 0.061
202307 0.055 124.914 0.058
202310 0.085 125.310 0.090
202401 0.102 125.072 0.108
202404 0.113 126.890 0.118
202407 0.306 128.075 0.316
202410 0.327 127.838 0.338
202501 0.298 127.443 0.309
202504 0.341 129.102 0.349
202507 0.385 130.287 0.391
202510 0.339 130.603 0.343
202601 0.388 130.366 0.394
202604 0.368 132.262 0.368

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

What does a Cyclically Adjusted Book per Share of $0.08 mean?
Dollarama (DLMAY) has a Cyclically Adjusted Book per Share of $0.08 as of Apr. 2026. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Dollarama and its competitors.
Is Dollarama's Cyclically Adjusted Book per Share too high?
Dollarama's current Cyclically Adjusted Book per Share is $0.08. Overall, Dollarama has a GF Score™ of 74/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Dollarama's Cyclically Adjusted Book per Share compare to WMT and COST?
Dollarama's Cyclically Adjusted Book per Share of $0.08 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 Cyclically Adjusted Book per Share for a Retail - Defensive company?
A good Cyclically Adjusted Book per Share depends on the Retail - Defensive industry context. However, Cyclically Adjusted Book per Share 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 Cyclically Adjusted Book per Share mean?
A high Cyclically Adjusted Book per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Dollarama and its competitors. Dollarama's current Cyclically Adjusted Book per Share is $0.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dollarama stock overvalued right now?
Based on GuruFocus' analysis, Dollarama (DLMAY) is currently considered Modestly Overvalued. The stock's GF Value™ is $12.85, compared to a current price of $14.44 — trading 12.4% above its estimated fair value. The current Cyclically Adjusted Book per Share is $0.08. Dollarama's overall GF Score™ is 74/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Book per Share calculated?
Cyclically Adjusted Book per Share is calculated from a company's financial statements. For Dollarama (DLMAY), the current Cyclically Adjusted Book per Share is $0.08 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 Dollarama (DLMAY) Overvalued in 2026?

Based on GuruFocus' analysis, Dollarama stock appears to be overvalued. The current stock price of $14.44 is trading 12.4% above its estimated GF Value™ of $12.85. GuruFocus considers Dollarama to be Modestly Overvalued.

Key valuation signals for DLMAY:

  • Cyclically Adjusted Book per Share: $0.08
  • GF Value™: $12.85 vs. price of $14.44 (12.4% above fair value)
  • GF Score™: 74/100 with 1 warning sign

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


Dollarama Business Description

Address 5805 Royalmount Avenue, Montreal, QC, CAN, H4P 0A1
Dollarama is Canada's largest dollar store chain that sells a broad range of everyday consumables and household items at low fixed price points, currently capped at CAD 5. General merchandise and consumables make up 90% of total sales, and the rest is from festivity-related seasonal items. The retailer operates close to 1,700 stores across Canada, mostly in convenient locations in metropolitan areas, midsize cities, and small towns. It also holds a 60% stake in South American value retailer Dollarcity, which operates more than 600 stores across Colombia, Guatemala, El Salvador, Peru, and Mexico. In 2025, the firm closed its CAD 234 million acquisition of Australian retail chain The Reject Shop, which operates about 400 stores.
74GF Score

Get the complete analysis for DLMAY

Cyclically Adjusted Book per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$14.44
Price
$12.85
GF Value