Dolmen City REIT (KAR:DCR) Cyclically Adjusted Book per Share: ₨29.96 (As of Mar. 2026)

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KAR:DCR Dolmen City REIT KAR:DCR
72 GF Score
Price ₨38.40
GF Value ₨20.92
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Dolmen City REIT Cyclically Adjusted Book per Share?

Dolmen City REIT KAR:DCR -0.41% 72 Cyclically Adjusted Book per Share is ₨29.96 as of Mar. 2026. GuruFocus rates KAR:DCR with a GF Score™ of 72/100 and a GF Value™ of ₨20.92 (Significantly Overvalued). The stock has 6 warning signs 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.

Dolmen City REIT's adjusted book value per share for the three months ended in Mar. 2026 was ₨34.210. 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 ₨29.96 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Dolmen City REIT's average Cyclically Adjusted Book Growth Rate was 9.10% 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.

As of today (2026-07-24), Dolmen City REIT's current stock price is ₨38.40. Dolmen City REIT's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₨29.96. Dolmen City REIT's Cyclically Adjusted PB Ratio of today is 1.28.

During the past 11 years, the highest Cyclically Adjusted PB Ratio of Dolmen City REIT was 1.35. The lowest was 0.92. And the median was 1.16.


Dolmen City REIT  (KAR:DCR) 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.

Dolmen City REIT's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=38.40/29.96
=1.28

* 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 11 years, the highest Cyclically Adjusted PB Ratio of Dolmen City REIT was 1.35. The lowest was 0.92. And the median was 1.16.


Be Aware

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


Dolmen City REIT Cyclically Adjusted Book per Share Related Terms


Dolmen City REIT Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Dolmen City REIT'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.

Dolmen City REIT Cyclically Adjusted Book per Share Chart

Dolmen City REIT Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
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 27.86

Dolmen City REIT Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 27.11 27.86 28.56 28.96 29.96

KAR:DCR vs VICI, WPC, BNL: Cyclically Adjusted Book per Share Comparison

For the REIT - Diversified subindustry, Dolmen City REIT'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.


Dolmen City REIT Cyclically Adjusted PB Ratio vs REITs Industry

For the REITs industry and Real Estate sector, Dolmen City REIT's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


KAR:DCR
72GF Score
Dolmen City REIT KAR:DCR
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Dolmen City REIT 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, Dolmen City REIT's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book= Book Value per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=34.21/330.2130*330.2130
=34.210

Current CPI (Mar. 2026) = 330.2130.

Dolmen City REIT Quarterly Data

Book Value per Share CPI Adj_Book
201606 18.105 241.018 24.805
201609 17.356 241.428 23.739
201612 18.093 241.432 24.746
201703 18.402 243.801 24.924
201706 18.768 244.955 25.300
201709 17.930 246.819 23.988
201712 18.439 246.524 24.699
201803 18.444 249.554 24.405
201806 18.992 251.989 24.888
201809 19.021 252.439 24.881
201812 20.315 251.233 26.701
201903 20.343 254.202 26.426
201906 20.791 256.143 26.803
201909 20.819 256.759 26.775
201912 21.919 256.974 28.166
202003 21.947 258.115 28.077
202006 23.062 257.797 29.540
202009 23.111 260.280 29.321
202012 24.149 260.474 30.615
202103 24.137 264.877 30.091
202106 25.824 271.696 31.386
202109 25.811 274.310 31.071
202112 26.624 278.802 31.533
202203 26.638 287.504 30.595
202206 28.794 296.311 32.088
202209 28.815 296.808 32.058
202212 29.034 296.797 32.303
202303 29.060 301.836 31.792
202306 31.253 305.109 33.824
202309 31.263 307.789 33.541
202312 32.584 306.746 35.077
202403 32.579 312.332 34.444
202406 32.913 314.175 34.593
202409 32.414 315.301 33.947
202412 34.974 315.605 36.593
202503 34.449 319.799 35.571
202506 34.407 322.561 35.223
202509 34.400 324.800 34.973
202512 34.220 324.054 34.870
202603 34.210 330.213 34.210

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 ₨29.96 mean?
Dolmen City REIT (KAR:DCR) has a Cyclically Adjusted Book per Share of ₨29.96 as of Mar. 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 Dolmen City REIT and its competitors.
Is Dolmen City REIT's Cyclically Adjusted Book per Share too high?
Dolmen City REIT's current Cyclically Adjusted Book per Share is ₨29.96. Overall, Dolmen City REIT has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Dolmen City REIT's Cyclically Adjusted Book per Share compare to VICI and WPC?
Dolmen City REIT's Cyclically Adjusted Book per Share of ₨29.96 can be compared against companies in the REITs 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 REITs company?
A good Cyclically Adjusted Book per Share depends on the REITs 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 Dolmen City REIT and its competitors. Dolmen City REIT's current Cyclically Adjusted Book per Share is ₨29.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dolmen City REIT stock overvalued right now?
Based on GuruFocus' analysis, Dolmen City REIT (KAR:DCR) is currently considered Significantly Overvalued. The stock's GF Value™ is ₨20.92, compared to a current price of ₨38.40 — trading 83.6% above its estimated fair value. The current Cyclically Adjusted Book per Share is ₨29.96. Dolmen City REIT's overall GF Score™ is 72/100 with 6 warning signs 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 Dolmen City REIT (KAR:DCR), the current Cyclically Adjusted Book per Share is ₨29.96 as of Mar. 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 Dolmen City REIT (KAR:DCR) Overvalued in 2026?

Based on GuruFocus' analysis, Dolmen City REIT stock appears to be overvalued. The current stock price of ₨38.40 is trading 83.6% above its estimated GF Value™ of ₨20.92. GuruFocus considers Dolmen City REIT to be Significantly Overvalued.

Key valuation signals for KAR:DCR:

  • Cyclically Adjusted Book per Share: ₨29.96
  • GF Value™: ₨20.92 vs. price of ₨38.40 (83.6% above fair value)
  • GF Score™: 72/100 with 6 warning signs

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


Dolmen City REIT Business Description

Industry Real EstateREITs
Address 23, Moluvi Tamizuddin Khan Road, Arif Habib Centre, Karachi, SD, PAK, 74000
Dolmen City REIT is a perpetual, closed-ended, Shariah-compliant real estate investment trust based in Pakistan. It offers investors the opportunity to hold units in two key components of the Dolmen City project: Dolmen Mall Clifton, a multi-level shopping mall with a diverse range of local and international brands, and The Harbour Front, an office complex hosting a variety of local and multinational tenants. The company generates income prominently through rental revenue from these properties.
72GF Score

Get the complete analysis for KAR:DCR

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

₨38.40
Price
₨20.92
GF Value