Dubai Financial Market PJSCDFM:DFM -1.33%97 Cyclically Adjusted PB Ratio is 1.23 as of Jul. 03, 2026, which is 11% above its 10-year median of 1.11. GuruFocus rates DFM:DFM with a GF Score™ of 97/100 and a GF Value™ of د.إ1.88 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 640 Capital Markets companies, Dubai Financial Market PJSC ranks better than 52.19% on this metric.
The historical rank and industry rank for Dubai Financial Market PJSC's Cyclically Adjusted PB Ratio or its related term are showing as below:
DFM:DFM'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.49 Med: 1.11 Max: 2.58
Current: 1.25
During the past years, Dubai Financial Market PJSC's highest Cyclically Adjusted PB Ratio was 2.58. The lowest was 0.49. And the median was 1.11.
DFM:DFM's Cyclically Adjusted PB Ratio is ranked better than 52.19% of 640
companies
in the Capital Markets industry
Industry Median: 1.295
vs DFM:DFM: 1.25
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.
Dubai Financial Market PJSC's adjusted book value per share data for the three months ended in Mar. 2026 was د.إ1.113. 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 د.إ1.20 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Dubai Financial Market PJSC (DFM:DFM) Cyclically Adjusted PB Ratio Explanation
Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.
Dubai Financial Market PJSC Cyclically Adjusted PB Ratio Related Terms
Dubai Financial Market PJSC Cyclically Adjusted PB Ratio Historical Data
* 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.
Dubai Financial Market PJSC Cyclically Adjusted PB Ratio Chart
DFM:DFM vs SPGI, CME, MCO: Cyclically Adjusted PB Ratio Comparison
For the Financial Data & Stock Exchanges subindustry, Dubai Financial Market PJSC'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.
Dubai Financial Market PJSC Cyclically Adjusted PB Ratio vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Dubai Financial Market PJSC's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Dubai Financial Market PJSC's Cyclically Adjusted PB Ratio falls into.
Dubai Financial Market PJSC Cyclically Adjusted PB Ratio Calculation
Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.
The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.
* 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.
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.
What does a Cyclically Adjusted PB Ratio of 1.23 mean?
Dubai Financial Market PJSC (DFM:DFM) has a Cyclically Adjusted PB Ratio of 1.23 as of Jul. 03, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Dubai Financial Market PJSC and its competitors. This is 11% above median its historical median of 1.11. Over the past decade, Dubai Financial Market PJSC's Cyclically Adjusted PB Ratio has ranged from 0.49 to 2.58. According to the industry distribution chart, Dubai Financial Market PJSC ranks #306 out of 640 companies in the Capital Markets industry, placing it in the top 47.8%.
Is Dubai Financial Market PJSC's Cyclically Adjusted PB Ratio too high?
Dubai Financial Market PJSC's current Cyclically Adjusted PB Ratio of 1.23 is 11% above median its 10-year median of 1.11. Over the past 10 years, this metric has ranged from a low of 0.49 to a high of 2.58. The Capital Markets industry median Cyclically Adjusted PB Ratio is 1.30. Dubai Financial Market PJSC's value of 1.23 is 5% below this industry median. Based on the distribution chart, Dubai Financial Market PJSC ranks #306 out of 640 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Dubai Financial Market PJSC has a GF Score™ of 97/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Dubai Financial Market PJSC's Cyclically Adjusted PB Ratio compare to SPGI and CME?
According to the Capital Markets industry distribution chart, Dubai Financial Market PJSC ranks #306 out of 640 companies for Cyclically Adjusted PB Ratio. This puts Dubai Financial Market PJSC in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.30. Dubai Financial Market PJSC's value of 1.23 is 5% below this benchmark. Historically, Dubai Financial Market PJSC's own Cyclically Adjusted PB Ratio has ranged from 0.49 to 2.58 over the past decade. While the company's 10-year median is 1.11 vs. the industry median of 1.30, Dubai Financial Market PJSC has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Capital Markets company?
The median Cyclically Adjusted PB Ratio among Capital Markets companies is 1.30, based on 640 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Dubai Financial Market PJSC's current Cyclically Adjusted PB Ratio of 1.23 is 5% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Dubai Financial Market PJSC and its competitors. For the Capital Markets industry, the median Cyclically Adjusted PB Ratio is 1.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dubai Financial Market PJSC's current Cyclically Adjusted PB Ratio is 1.23, which is 11% above median its own 10-year median of 1.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dubai Financial Market PJSC stock overvalued right now?
Based on GuruFocus' analysis, Dubai Financial Market PJSC (DFM:DFM) is currently considered Modestly Undervalued. The stock's GF Value™ is د.إ1.88, compared to a current price of د.إ1.48 — trading 21.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.23, which is 11% above median its 10-year median of 1.11 and 5% below the Capital Markets industry median of 1.30. Dubai Financial Market PJSC's overall GF Score™ is 97/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Dubai Financial Market PJSC (DFM:DFM), the current Cyclically Adjusted PB Ratio is 1.23 as of Jul. 03, 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 Dubai Financial Market PJSC (DFM:DFM) Overvalued in 2026?
Based on GuruFocus' analysis, Dubai Financial Market PJSC stock appears to be undervalued.
The current stock price of د.إ1.48 is trading 21.3% below its estimated GF Value™ of د.إ1.88.
GuruFocus considers Dubai Financial Market PJSC to be Modestly Undervalued.
Key valuation signals for DFM:DFM:
Cyclically Adjusted PB Ratio: 1.23 (11% above median its 10-year median of 1.11)
GF Value™: د.إ1.88 vs. price of د.إ1.48 (21.3% below fair value)
Industry Position: 5% below the Capital Markets median (#306 of 640)
No single metric tells the full story. See the DFM:DFM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dubai Financial Market PJSC operates as a regulated secondary market for the trading of securities issued by public shareholding companies, bonds issued by federal or local governments, local public institutions, and mutual funds as well as other local or foreign financial instruments. The company is focused on trading in financial instruments, acting as a commercial, industrial and agricultural holding and trust company, financial investment consultancy, and brokerage in local and foreign shares and bonds. It is engaged in a single segment of operating stock exchanges and related clearing house. The company derives the majority of revenue from Trading commission fees and rest from Brokerage fees, Clearing, settlement and depository fees, Listing and market data fees, and Other fees.
97GF Score
Get the complete analysis for DFM:DFM
Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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