Emaar Development PJSC (DFM:EMAARDEV) E10: د.إ1.39 (As of Mar. 2026)


DFM:EMAARDEV Emaar Development PJSC DFM:EMAARDEV
100 GF Score
Price د.إ14.04
GF Value د.إ20.14
Valuation Significantly Undervalued
! 1 Warning Sign
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What is Emaar Development PJSC E10?

Emaar Development PJSC DFM:EMAARDEV +1.30% 100 E10 is د.إ1.39 as of Mar. 2026. GuruFocus rates DFM:EMAARDEV with a GF Score™ of 100/100 and a GF Value™ of د.إ20.14 (Significantly 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 Development PJSC's adjusted earnings per share data for the three months ended in Mar. 2026 was د.إ0.730. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is د.إ1.39 for the trailing ten years ended in Mar. 2026.

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.

As of today (2026-07-11), Emaar Development PJSC's current stock price is د.إ14.04. Emaar Development PJSC's E10 for the quarter that ended in Mar. 2026 was د.إ1.39. Emaar Development PJSC's Shiller PE Ratio of today is 10.10.

During the past 12 years, the highest Shiller PE Ratio of Emaar Development PJSC was 11.22. The lowest was 9.97. And the median was 10.29.


Emaar Development PJSC  (DFM:EMAARDEV) 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 Development PJSC's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=14.04/1.39
=10.10

* 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 12 years, the highest Shiller P/E Ratio of Emaar Development PJSC was 11.22. The lowest was 9.97. And the median was 10.29.


Be Aware

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


Emaar Development PJSC E10 Related Terms


Emaar Development PJSC E10 Historical Data

* Premium members only.

The historical data trend for Emaar Development 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 Development PJSC E10 Chart

Emaar Development 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 0.00 0.00 0.00 0.00 0.00

Emaar Development 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 0.00 0.00 0.00 0.00 1.39

Emaar Development PJSC E10 Competitor Comparison

For the Real Estate - Development subindustry, Emaar Development 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 Development PJSC Shiller PE Ratio vs Real Estate Industry

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

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


DFM:EMAARDEV
100GF Score
Emaar Development PJSC DFM:EMAARDEV
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Emaar Development 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 Development 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)
=0.73/330.2130*330.2130
=0.730

Current CPI (Mar. 2026) = 330.2130.

Emaar Development PJSC Quarterly Data

per share eps CPI Adj_EPS
201412 0.000 234.812 0.000
201512 0.000 236.525 0.000
201612 0.129 241.432 0.176
201703 0.126 243.801 0.171
201706 0.144 244.955 0.194
201709 0.256 246.819 0.342
201712 0.159 246.524 0.213
201803 0.200 249.554 0.265
201806 0.250 251.989 0.328
201809 0.170 252.439 0.222
201812 0.360 251.233 0.473
201903 0.190 254.202 0.247
201906 0.160 256.143 0.206
201909 0.170 256.759 0.219
201912 0.160 256.974 0.206
202003 0.160 258.115 0.205
202006 0.100 257.797 0.128
202009 0.080 260.280 0.101
202012 0.070 260.474 0.089
202103 0.200 264.877 0.249
202106 0.180 271.696 0.219
202109 0.220 274.310 0.265
202112 0.210 278.802 0.249
202203 0.260 287.504 0.299
202206 0.290 296.311 0.323
202209 0.160 296.808 0.178
202212 0.240 296.797 0.267
202303 0.260 301.836 0.284
202306 0.280 305.109 0.303
202309 0.470 307.789 0.504
202312 0.650 306.746 0.700
202403 0.320 312.332 0.338
202406 0.300 314.175 0.315
202409 0.520 315.301 0.545
202412 0.770 315.605 0.806
202503 0.480 319.799 0.496
202506 0.460 322.561 0.471
202509 0.810 324.800 0.823
202512 1.080 324.054 1.101
202603 0.730 330.213 0.730

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.إ1.39 mean?
Emaar Development PJSC (DFM:EMAARDEV) has a E10 of د.إ1.39 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Emaar Development PJSC and its competitors.
Is Emaar Development PJSC's E10 too high?
Emaar Development PJSC's current E10 is د.إ1.39. Overall, Emaar Development PJSC has a GF Score™ of 100/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Emaar Development PJSC's E10 compare to competitors?
Emaar Development PJSC's E10 of د.إ1.39 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 Development PJSC and its competitors. Emaar Development PJSC's current E10 is د.إ1.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Emaar Development PJSC stock overvalued right now?
Based on GuruFocus' analysis, Emaar Development PJSC (DFM:EMAARDEV) is currently considered Significantly Undervalued. The stock's GF Value™ is د.إ20.14, compared to a current price of د.إ14.04 — trading 30.3% below its estimated fair value. The current E10 is د.إ1.39. Emaar Development PJSC's overall GF Score™ is 100/100 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 Development PJSC (DFM:EMAARDEV), the current E10 is د.إ1.39 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 Development PJSC (DFM:EMAARDEV) Overvalued in 2026?

Based on GuruFocus' analysis, Emaar Development PJSC stock appears to be undervalued. The current stock price of د.إ14.04 is trading 30.3% below its estimated GF Value™ of د.إ20.14. GuruFocus considers Emaar Development PJSC to be Significantly Undervalued.

Key valuation signals for DFM:EMAARDEV:

  • E10: د.إ1.39
  • GF Value™: د.إ20.14 vs. price of د.إ14.04 (30.3% below fair value)
  • GF Score™: 100/100 with 1 warning sign

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


Emaar Development PJSC Business Description

Address Dubai Hills Estate Business Park, Building 1, Level 7, P.O. Box 9440, Dubai, ARE
Emaar Development PJSC is a property developer and provider of lifestyle-focused real estate, with operations in the Middle East, North Africa, and Asia. Its principal activities are property investment, development and development management, shopping malls and retail, entertainment, hospitality, property management and utility services and investments in providers of financial services. The majority of the company'ss revenue is derived from the sale of residential units. Geographically, the company is currently operating only in the UAE.
100GF Score

Get the complete analysis for DFM:EMAARDEV

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

د.إ14.04
Price
د.إ20.14
GF Value