Dubai Residential REIT (DFM:DUBAIRESI) Graham Number: د.إ2.50 (As of Jun. 2026) — 52% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

DFM:DUBAIRESI Dubai Residential REIT DFM:DUBAIRESI
26 GF Score
Price د.إ1.27
! 1 Warning Sign
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What is Dubai Residential REIT Graham Number?

Dubai Residential REIT DFM:DUBAIRESI -0.78% 26 Graham Number is د.إ2.50 as of Jun. 2026, which is 100% below its 10-year median of 0.42. GuruFocus rates DFM:DUBAIRESI with a GF Score™ of 26/100. The stock has 1 warning sign investors should review. Among 730 REITs companies, Dubai Residential REIT ranks better than 76.58% on this metric.

Graham Number is a figure that measures a stock's fundamental value by taking into account the company's earnings per share and book value per share. The Graham number is the upper bound of the price range that a defensive investor should pay for the stock. According to the theory, any stock price below the Graham number is considered undervalued, and thus worth investing in.

As of today (2026-08-12), the stock price of Dubai Residential REIT is د.إ1.27. Dubai Residential REIT's graham number for the quarter that ended in Jun. 2026 was د.إ2.50. Therefore, Dubai Residential REIT's Price to Graham Number ratio for today is 0.51.

The historical rank and industry rank for Dubai Residential REIT's Graham Number or its related term are showing as below:

DFM:DUBAIRESI' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.36   Med: 0.42   Max: 0.51
Current: 0.51

During the past 2 years, the highest Price to Graham Number ratio of Dubai Residential REIT was 0.51. The lowest was 0.36. And the median was 0.42.

DFM:DUBAIRESI's Price-to-Graham-Number is ranked better than
76.58% of 730 companies
in the REITs industry
Industry Median: 0.73 vs DFM:DUBAIRESI: 0.51

Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.


Dubai Residential REIT  (DFM:DUBAIRESI) Graham Number Explanation

Ben Graham actually did not publish a formula like this. But he wrote in The Intelligent Investor (1948 version) regarding to the criteria for purchases:

Current price should not be more than 15 times average earnings of the past three years.

Current price should not be more than 1.5 times the book value last reported. However, a multiplier of earnings below 15 could justify a correspondingly higher multiplier of assets. As a rule of thumb we suggest that the product of the multiplier times the ratio of price to book value should not exceed 22.5. (This figure corresponds to 15 times earnings and 1.5 times book value. It would admit an issue selling at only 9 times earnings and 2.5 times asset value, etc.)

Unlike valuation methods such as DCF or Discounted Earnings, the Graham number does not take growth into the valuation. Unlike the valuation methods based on book value alone, it takes into account the earnings power. Therefore, the Graham Number is a combination of asset valuation and earnings power valuation.

In general, the Graham number is a very conservative way of valuing a stock. It cannot be applied to companies with negative book values.

Dubai Residential REIT's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Jun. 2026 )
=1.27/2.50
=0.51

* 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.


Be Aware

Please keep these in mind:

1. Graham Number does not take growth into account. Therefore it underestimates the values of the companies that have good earnings growth. We feel that if the earnings per share grows more than 10% a year, Graham Number underestimates the value.
2. Graham Number punishes the companies that have temporarily low earnings. Therefore, an average of earnings makes more sense in the calculation of Graham Number.
3. Graham Numbers underestimates companies that are light with book.


Dubai Residential REIT Graham Number Related Terms


Dubai Residential REIT Graham Number Historical Data

* Premium members only.

The historical data trend for Dubai Residential REIT's Graham Number 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.

Dubai Residential REIT Graham Number Chart

Dubai Residential REIT Annual Data
Trend Dec24 Dec25
Graham Number
2.62 2.96

Dubai Residential REIT Semi-Annual Data
Jun24 Dec24 Jun25 Dec25 Jun26
Graham Number 0.00 0.00 3.40 2.96 2.50

DFM:DUBAIRESI vs AVB, EQR, ESS: Graham Number Comparison

For the REIT - Residential subindustry, Dubai Residential REIT's Price-to-Graham-Number, along with its competitors' market caps and Price-to-Graham-Number 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 Residential REIT Price-to-Graham-Number vs REITs Industry

For the REITs industry and Real Estate sector, Dubai Residential REIT's Price-to-Graham-Number distribution charts can be found below:

* The bar in red indicates where Dubai Residential REIT's Price-to-Graham-Number falls into.


DFM:DUBAIRESI
26GF Score
Dubai Residential REIT DFM:DUBAIRESI
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Dubai Residential REIT Graham Number Calculation

Graham Number is a concept based on Ben Graham's conservative valuation of companies.

Dubai Residential REIT's Graham Number for the fiscal year that ended in Dec. 2025 is calculated as

Graham Number
=sqrt of (22.5* Tangible Book per Share *EPS without NRI)
=sqrt of (22.5*1.696*0.229)
=2.96

Dubai Residential REIT's Graham Number for the quarter that ended in Jun. 2026 is calculated as

Graham Number
=sqrt of (22.5*Tangible Book per Share*EPS without NRI (TTM))
=sqrt of (22.5*1.737*0.16)
=2.50

* 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.

Frequently Asked Questions Learn more about Graham Number →
What does a Graham Number of د.إ2.50 mean?
Dubai Residential REIT (DFM:DUBAIRESI) has a Graham Number of د.إ2.50 as of Jun. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Dubai Residential REIT and its competitors. This is 52% below median its historical median of 0.42. Over the past decade, Dubai Residential REIT's Graham Number has ranged from 0.36 to 0.51. According to the industry distribution chart, Dubai Residential REIT ranks #171 out of 730 companies in the REITs industry, placing it in the top 23.4%.
Is Dubai Residential REIT's Graham Number too high?
Dubai Residential REIT's current Graham Number of د.إ2.50 is 52% below median its 10-year median of 0.42. Over the past 10 years, this metric has ranged from a low of 0.36 to a high of 0.51. Based on the distribution chart, Dubai Residential REIT ranks #171 out of 730 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Dubai Residential REIT has a GF Score™ of 26/100, reflecting its overall financial health beyond just this single metric.
How does Dubai Residential REIT's Graham Number compare to AVB and EQR?
According to the REITs industry distribution chart, Dubai Residential REIT ranks #171 out of 730 companies for Graham Number. This places Dubai Residential REIT in the top 23% of its industry — outperforming the majority of peers. The industry median Graham Number is 0.73. Historically, Dubai Residential REIT's own Graham Number has ranged from 0.36 to 0.51 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Graham Number for a REITs company?
The median Graham Number among REITs companies is 0.73, based on 730 companies in the industry. Companies in the top quartile (top 25%) have a Graham Number significantly above this median, while those in the bottom quartile fall well below. However, Graham Number 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 Graham Number mean?
A high Graham Number can signal that a stock is expensive relative to its fundamentals. The Graham Number values a company based on its per-share earnings and book value. View historical data on Dubai Residential REIT and its competitors. For the REITs industry, the median Graham Number is 0.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dubai Residential REIT's current Graham Number is د.إ2.50, which is 52% below median its own 10-year median of 0.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dubai Residential REIT stock overvalued right now?
Dubai Residential REIT (DFM:DUBAIRESI) has a current Graham Number of د.إ2.50. The current Graham Number is د.إ2.50, which is 52% below median its 10-year median of 0.42. Dubai Residential REIT's overall GF Score™ is 26/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Graham Number calculated?
Graham Number is calculated from a company's financial statements. For Dubai Residential REIT (DFM:DUBAIRESI), the current Graham Number is د.إ2.50 as of Jun. 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.

Dubai Residential REIT Business Description

Industry Real EstateREITs
Address Umm Suqeim, P.O. Box 66000, Dubai, ARE
Dubai Residential REIT is a closed-ended real estate investment fund incorporated in the Emirate of Dubai, United Arab Emirates and licensed by the SCA. The Group's real estate portfolio is categorised into four price segments Premium, Community, Affordable and Corporate Housing which appeal to a range of socioeconomic demographics, in addition to the Other segment.
26GF Score

Get the complete analysis for DFM:DUBAIRESI

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

د.إ1.27
Price