Emaar Properties PJSC (DFM:EMAAR) E10: د.إ1.20 (As of Mar. 2026)


DFM:EMAAR Emaar Properties PJSC DFM:EMAAR
97 GF Score
Price د.إ12.20
GF Value د.إ16.06
Valuation Modestly Undervalued
! 1 Warning Sign
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What is Emaar Properties PJSC E10?

Emaar Properties PJSC DFM:EMAAR -2.87% 97 E10 is د.إ1.20 as of Mar. 2026. GuruFocus rates DFM:EMAAR with a GF Score™ of 97/100 and a GF Value™ of د.إ16.06 (Modestly Undervalued). The stock has 1 warning sign investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Emaar Properties PJSC's adjusted earnings per share data for the three months ended in Mar. 2026 was د.إ0.570. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is د.إ1.20 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Emaar Properties PJSC's average E10 Growth Rate was 16.50% per year. During the past 3 years, the average E10 Growth Rate was 14.50% 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 E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Emaar Properties PJSC was 14.50% per year. The lowest was 8.20% per year. And the median was 11.70% per year.

As of today (2026-06-26), Emaar Properties PJSC's current stock price is د.إ12.20. Emaar Properties PJSC's E10 for the quarter that ended in Mar. 2026 was د.إ1.20. Emaar Properties PJSC's Shiller PE Ratio of today is 10.17.

During the past 13 years, the highest Shiller PE Ratio of Emaar Properties PJSC was 20.00. The lowest was 3.63. And the median was 8.65.


Emaar Properties PJSC  (DFM:EMAAR) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Emaar Properties PJSC's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=12.20/1.20
=10.17

* 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 Shiller P/E Ratio of Emaar Properties PJSC was 20.00. The lowest was 3.63. And the median was 8.65.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Emaar Properties PJSC E10 Related Terms


Emaar Properties PJSC E10 Historical Data

* Premium members only.

The historical data trend for Emaar Properties PJSC's E10 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.

Emaar Properties PJSC E10 Chart

Emaar Properties PJSC Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.68 0.76 0.87 0.99 1.14

Emaar Properties PJSC Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
E10 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 1.03 1.05 1.09 1.14 1.20

Emaar Properties PJSC E10 Competitor Comparison

For the Real Estate - Development subindustry, Emaar Properties PJSC's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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.


Emaar Properties PJSC Shiller PE Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Emaar Properties PJSC's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Emaar Properties PJSC's Shiller PE Ratio falls into.


DFM:EMAAR
97GF Score
Emaar Properties PJSC DFM:EMAAR
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Emaar Properties PJSC E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

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, Emaar Properties PJSC's adjusted earnings per share data for the three months ended in Mar. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.57/330.2130*330.2130
=0.570

Current CPI (Mar. 2026) = 330.2130.

Emaar Properties PJSC Quarterly Data

per share eps CPI Adj_EPS
201606 0.180 241.018 0.247
201609 0.160 241.428 0.219
201612 0.250 241.432 0.342
201703 0.190 243.801 0.257
201706 0.200 244.955 0.270
201709 0.220 246.819 0.294
201712 0.198 246.524 0.265
201803 0.230 249.554 0.304
201806 0.220 251.989 0.288
201809 0.150 252.439 0.196
201812 0.250 251.233 0.329
201903 0.240 254.202 0.312
201906 0.190 256.143 0.245
201909 0.190 256.759 0.244
201912 0.250 256.974 0.321
202003 0.090 258.115 0.115
202006 0.150 257.797 0.192
202009 0.050 260.280 0.063
202012 0.000 260.474 0.000
202103 0.090 264.877 0.112
202106 0.140 271.696 0.170
202109 0.140 274.310 0.169
202112 0.149 278.802 0.176
202203 0.270 287.504 0.310
202206 0.250 296.311 0.279
202209 0.180 296.808 0.200
202212 0.118 296.797 0.131
202303 0.360 301.836 0.394
202306 0.200 305.109 0.216
202309 0.370 307.789 0.397
202312 0.390 306.746 0.420
202403 0.330 312.332 0.349
202406 0.270 314.175 0.284
202409 0.360 315.301 0.377
202412 0.570 315.605 0.596
202503 0.420 319.799 0.434
202506 0.380 322.561 0.389
202509 0.490 324.800 0.498
202512 0.690 324.054 0.703
202603 0.570 330.213 0.570

Add all the adjusted EPS together and divide 10 will get our e10.

Frequently Asked Questions Learn more about E10 →
What does a E10 of د.إ1.20 mean?
Emaar Properties PJSC (DFM:EMAAR) has a E10 of د.إ1.20 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Emaar Properties PJSC and its competitors.
Is Emaar Properties PJSC's E10 too high?
Emaar Properties PJSC's current E10 is د.إ1.20. Overall, Emaar Properties 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 Emaar Properties PJSC's E10 compare to competitors?
Emaar Properties PJSC's E10 of د.إ1.20 can be compared against companies in the Real Estate industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good E10 for a Real Estate company?
A good E10 depends on the Real Estate industry context. However, E10 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 E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Emaar Properties PJSC and its competitors. Emaar Properties PJSC's current E10 is د.إ1.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Emaar Properties PJSC stock overvalued right now?
Based on GuruFocus' analysis, Emaar Properties PJSC (DFM:EMAAR) is currently considered Modestly Undervalued. The stock's GF Value™ is د.إ16.06, compared to a current price of د.إ12.20 — trading 24% below its estimated fair value. The current E10 is د.إ1.20. Emaar Properties PJSC's overall GF Score™ is 97/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is E10 calculated?
E10 is calculated from a company's financial statements. For Emaar Properties PJSC (DFM:EMAAR), the current E10 is د.إ1.20 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 Emaar Properties PJSC (DFM:EMAAR) Overvalued in 2026?

Based on GuruFocus' analysis, Emaar Properties PJSC stock appears to be undervalued. The current stock price of د.إ12.20 is trading 24% below its estimated GF Value™ of د.إ16.06. GuruFocus considers Emaar Properties PJSC to be Modestly Undervalued.

Key valuation signals for DFM:EMAAR:

  • E10: د.إ1.20
  • GF Value™: د.إ16.06 vs. price of د.إ12.20 (24% below fair value)
  • GF Score™: 97/100 with 1 warning sign

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


Emaar Properties PJSC Business Description

Address Emaar Business Park Building 1, Level 7, P.O. Box 9440, Dubai Hills Estate, Dubai, ARE
Emaar Properties PJSC is engaged in property investment, development, and development management, shopping malls and retail, hospitality, property management, utility services, and investments in providers of financial services. Its segments are, namely, real estate (develop, sell, and manage condominiums, villas, commercial units and plots of land), leasing, retail and related activities (develop, lease and manage malls, retail, commercial, and residential spaces), and hospitality (develop, own, and/or manage hotels, serviced apartments and leisure activities). It earns revenue from sources other than property sales, leasing, retail and related activities, and hospitality, and this revenue is included in other operating income. The majority of revenue comes from real estate.
97GF Score

Get the complete analysis for DFM:EMAAR

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

د.إ12.20
Price
د.إ16.06
GF Value