Dolmen City REIT (KAR:DCR) Cyclically Adjusted FCF per Share: ₨1.78 (As of Mar. 2026)

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KAR:DCR Dolmen City REIT KAR:DCR
69 GF Score
Price ₨38.97
GF Value ₨21.47
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Dolmen City REIT Cyclically Adjusted FCF per Share?

Dolmen City REIT KAR:DCR -0.54% 69 Cyclically Adjusted FCF per Share is ₨1.78 as of Mar. 2026. GuruFocus rates KAR:DCR with a GF Score™ of 69/100 and a GF Value™ of ₨21.47 (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 FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

Dolmen City REIT's adjusted free cash flow per share for the three months ended in Mar. 2026 was ₨0.655. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is ₨1.78 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Dolmen City REIT's average Cyclically Adjusted FCF Growth Rate was 10.60% 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 FCF Growth Rate using Cyclically Adjusted FCF per Share data.

As of today (2026-08-15), Dolmen City REIT's current stock price is ₨38.97. Dolmen City REIT's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2026 was ₨1.78. Dolmen City REIT's Cyclically Adjusted Price-to-FCF of today is 21.89.

During the past 11 years, the highest Cyclically Adjusted Price-to-FCF of Dolmen City REIT was 22.86. The lowest was 15.75. And the median was 19.92.


Dolmen City REIT  (KAR:DCR) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF 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 Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Dolmen City REIT's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=38.97/1.78
=21.89

* 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 Price-to-FCF of Dolmen City REIT was 22.86. The lowest was 15.75. And the median was 19.92.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Dolmen City REIT Cyclically Adjusted FCF per Share Related Terms


Dolmen City REIT Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for Dolmen City REIT's Cyclically Adjusted FCF 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 FCF per Share Chart

Dolmen City REIT Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 1.64

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 FCF 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 1.61 1.64 1.69 1.71 1.78

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

For the REIT - Diversified subindustry, Dolmen City REIT's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF 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 Price-to-FCF vs REITs Industry

For the REITs industry and Real Estate sector, Dolmen City REIT's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Dolmen City REIT's Cyclically Adjusted Price-to-FCF falls into.


KAR:DCR
69GF Score
Dolmen City REIT KAR:DCR
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Dolmen City REIT Cyclically Adjusted FCF 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 FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

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

Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow 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 FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted FCF 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 Free Cash Flow per Share data for the three months ended in Mar. 2026 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.655/330.2130*330.2130
=0.655

Current CPI (Mar. 2026) = 330.2130.

Dolmen City REIT Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201606 0.288 241.018 0.395
201609 0.258 241.428 0.353
201612 0.266 241.432 0.364
201703 0.292 243.801 0.395
201706 0.314 244.955 0.423
201709 0.448 246.819 0.599
201712 0.151 246.524 0.202
201803 0.310 249.554 0.410
201806 0.309 251.989 0.405
201809 0.276 252.439 0.361
201812 0.343 251.233 0.451
201903 0.337 254.202 0.438
201906 0.337 256.143 0.434
201909 0.288 256.759 0.370
201912 0.374 256.974 0.481
202003 0.305 258.115 0.390
202006 0.098 257.797 0.126
202009 0.224 260.280 0.284
202012 0.334 260.474 0.423
202103 0.331 264.877 0.413
202106 0.299 271.696 0.363
202109 0.306 274.310 0.368
202112 0.385 278.802 0.456
202203 0.356 287.504 0.409
202206 0.422 296.311 0.470
202209 0.390 296.808 0.434
202212 0.435 296.797 0.484
202303 0.398 301.836 0.435
202306 0.514 305.109 0.556
202309 0.454 307.789 0.487
202312 0.445 306.746 0.479
202403 0.485 312.332 0.513
202406 0.447 314.175 0.470
202409 0.498 315.301 0.522
202412 0.566 315.605 0.592
202503 0.532 319.799 0.549
202506 0.627 322.561 0.642
202509 0.582 324.800 0.592
202512 0.572 324.054 0.583
202603 0.655 330.213 0.655

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

What does a Cyclically Adjusted FCF per Share of ₨1.78 mean?
Dolmen City REIT (KAR:DCR) has a Cyclically Adjusted FCF per Share of ₨1.78 as of Mar. 2026. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on Dolmen City REIT and its competitors.
Is Dolmen City REIT's Cyclically Adjusted FCF per Share too high?
Dolmen City REIT's current Cyclically Adjusted FCF per Share is ₨1.78. Overall, Dolmen City REIT has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Dolmen City REIT's Cyclically Adjusted FCF per Share compare to VICI and WPC?
Dolmen City REIT's Cyclically Adjusted FCF per Share of ₨1.78 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 FCF per Share for a REITs company?
A good Cyclically Adjusted FCF per Share depends on the REITs industry context. However, Cyclically Adjusted FCF 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 FCF per Share mean?
A high Cyclically Adjusted FCF per Share can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on Dolmen City REIT and its competitors. Dolmen City REIT's current Cyclically Adjusted FCF per Share is ₨1.78. 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 ₨21.47, compared to a current price of ₨38.97 — trading 81.5% above its estimated fair value. The current Cyclically Adjusted FCF per Share is ₨1.78. Dolmen City REIT's overall GF Score™ is 69/100 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 FCF per Share calculated?
Cyclically Adjusted FCF per Share is calculated from a company's financial statements. For Dolmen City REIT (KAR:DCR), the current Cyclically Adjusted FCF per Share is ₨1.78 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 ₨38.97 is trading 81.5% above its estimated GF Value™ of ₨21.47. GuruFocus considers Dolmen City REIT to be Significantly Overvalued.

Key valuation signals for KAR:DCR:

  • Cyclically Adjusted FCF per Share: ₨1.78
  • GF Value™: ₨21.47 vs. price of ₨38.97 (81.5% above fair value)
  • GF Score™: 69/100 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.
69GF Score

Get the complete analysis for KAR:DCR

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

₨38.97
Price
₨21.47
GF Value