Dipula Properties (JSE:DIB) PE Ratio without NRI: 6.78 (As of Jul. 03, 2026) — 18% Below Median


JSE:DIB Dipula Properties Ltd JSE:DIB
46 GF Score
Price R7.15
GF Value R3.33
Valuation Significantly Overvalued
! 11 Warning Signs
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What is Dipula Properties PE Ratio without NRI?

Dipula Properties JSE:DIB 46 PE Ratio without NRI is 6.78 as of Jul. 03, 2026, which is 18% below its 10-year median of 8.29. GuruFocus rates JSE:DIB with a GF Score™ of 46/100 and a GF Value™ of R3.33 (Significantly Overvalued). The stock has 11 warning signs investors should review. Among 751 REITs companies, Dipula Properties ranks better than 85.22% on this metric.

The PE Ratio without NRI, or P/E Ratio without non-recurring items, is a financial ratio used to compare a company's market price to its EPS without NRI. As of today (2026-07-03), Dipula Properties's share price is R7.15. Dipula Properties's EPS without NRI for the trailing twelve months (TTM) ended in Feb. 2026 was R1.05. Therefore, Dipula Properties's PE Ratio without NRI for today is 6.78.

During the past 13 years, Dipula Properties's highest PE Ratio without NRI was 14.01. The lowest was 1.17. And the median was 8.29.

Dipula Properties's EPS without NRI for the six months ended in Feb. 2026 was R0.29. Its EPS without NRI for the trailing twelve months (TTM) ended in Feb. 2026 was R1.05.

As of today (2026-07-03), Dipula Properties's share price is R7.15. Dipula Properties's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Feb. 2026 was R1.01. Therefore, Dipula Properties's PE Ratio (TTM) for today is 7.06.

Warning Sign:

Dipula Properties Ltd stock PE Ratio (=7.15) is close to 3-year high of 7.26.

During the past years, Dipula Properties's highest PE Ratio (TTM) was 18.97. The lowest was 0.93. And the median was 6.55.

Dipula Properties's EPS (Diluted) for the six months ended in Feb. 2026 was R0.28. Its EPS (Diluted) for the trailing twelve months (TTM) ended in Feb. 2026 was R1.01.

Dipula Properties's EPS (Basic) for the six months ended in Feb. 2026 was R0.28. Its EPS (Basic) for the trailing twelve months (TTM) ended in Feb. 2026 was R1.03.


Dipula Properties  (JSE:DIB) PE Ratio without NRI Explanation

The PE Ratio can be viewed as the number of years it takes for the company to earn back the price you pay for the stock. For example, if a company earns $2 a share per year, and the stock is traded at $30, the PE Ratio is 15. Therefore it takes 15 years for the company to earn back the $30 you paid for its stock, assuming the earnings stays constant over the next 15 years.

In real business, earnings never stay constant. If a company can grow its earnings, it takes fewer years for the company to earn back the price you pay for the stock. If a company's earnings decline it takes more years. As a shareholder, you want the company to earn back the price you pay as soon as possible. Therefore, lower P/E stocks are more attractive than higher P/E stocks so long as the PE Ratio is positive. Also for stocks with the same PE Ratio, the one with faster growth business is more attractive.

If a company loses money, the PE Ratio becomes meaningless.

To compare stocks with different growth rates, Peter Lynch invented a ratio called PEG Ratio. PEG Ratio is defined as the PE Ratio divided by the growth ratio. He thinks a company with a PE Ratio equal to its growth rate is fairly valued. Still he said he would rather buy a company growing 20% a year with a PE Ratio of 20, instead of a company growing 10% a year with a PE Ratio of 10.

Because the PE Ratio measures how long it takes to earn back the price you pay, the PE Ratio can be applied to the stocks across different industries. That is why it is the one of the most important and widely used indicators for the valuation of stocks.

Similar to the PE Ratio or PS Ratio or Price-to-Operating-Cash-Flow or Price-to-Free-Cash-Flow , the PE Ratio without NRI measures the valuation based on the earning power of the company. This is where it is different from the PB Ratio , which measures the valuation based on the company's balance sheet.


Be Aware

Investors need to be aware that the PE Ratio can be misleading a lot of times, especially when the underlying business is cyclical and unpredictable. As Peter Lynch pointed out, cyclical businesses have higher profit margins at the peaks of the business cycles. Their earnings are high and PE Ratio s are artificially low. It is usually a bad idea to buy a cyclical business when the PE Ratio is low. A better ratio to identify the time to buy a cyclical businesses is the PS Ratio.


Dipula Properties PE Ratio without NRI Related Terms


Dipula Properties PE Ratio without NRI Historical Data

* Premium members only.

The historical data trend for Dipula Properties's PE Ratio without NRI 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.

Dipula Properties PE Ratio without NRI Chart

Dipula Properties Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
PE Ratio without NRI
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.33 5.37 7.43 9.28 10.84

Dipula Properties Semi-Annual Data
Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
PE Ratio without NRI 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 At Loss 9.28 At Loss 10.84 At Loss

JSE:DIB vs SPG, O, KIM: PE Ratio without NRI Comparison

For the REIT - Retail subindustry, Dipula Properties's PE Ratio without NRI, along with its competitors' market caps and PE Ratio without NRI 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.


Dipula Properties PE Ratio without NRI vs REITs Industry

For the REITs industry and Real Estate sector, Dipula Properties's PE Ratio without NRI distribution charts can be found below:

* The bar in red indicates where Dipula Properties's PE Ratio without NRI falls into.


JSE:DIB
46GF Score
Dipula Properties Ltd JSE:DIB
PE Ratio without NRI is just one metric. See GF Score™, valuation, warning signs, and more.
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Dipula Properties PE Ratio without NRI Calculation

The PE Ratio without NRI, or P/E Ratio without non-recurring items, is a financial ratio used to compare a company's market price to its EPS without NRI. Regular PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than regular PE Ratio.

Dipula Properties's PE Ratio without NRI for today is calculated as

PE Ratio without NRI=Share Price/ EPS without NRI
=7.15/1.054
=6.78

Dipula Properties's Share Price of today is R7.15.
For company reported semi-annually, Dipula Properties's EPS without NRI for the trailing twelve months (TTM) ended in Feb. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was R1.05.

* 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.

There are at least three kinds of PE Ratios used by different investors. They are Trailing Twelve Month PE Ratio, Forward PE Ratio, or PE Ratio without NRI. A new PE Ratio based on inflation-adjusted normalized PE Ratio is called Shiller PE Ratio, after Yale professor Robert Shiller.

In the case of PE Ratio without NRI, the reported earnings less the non-recurring items are used.

In the calculation of PE Ratio (TTM), the earnings per share used are the earnings per share over the past 12 months.

For Forward PE Ratio, the earnings are the expected earnings for the next twelve months.

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. Since it looks at the average over the last 10 years, Shiller PE Ratio is also called PE10.

Frequently Asked Questions Learn more about PE Ratio without NRI →
What does a PE Ratio without NRI of 6.78 mean?
Dipula Properties (JSE:DIB) has a PE Ratio without NRI of 6.78 as of Jul. 03, 2026. P/E without nonrecurring items is the ratio of share price to a company's earnings less one-time charges. View historical data on Dipula Properties and its competitors. This is 18% below median its historical median of 8.29. Over the past decade, Dipula Properties' PE Ratio without NRI has ranged from 1.17 to 14.01. According to the industry distribution chart, Dipula Properties ranks #111 out of 751 companies in the REITs industry, placing it in the top 14.8%.
Is Dipula Properties' PE Ratio without NRI too high?
Dipula Properties' current PE Ratio without NRI of 6.78 is 18% below median its 10-year median of 8.29. Over the past 10 years, this metric has ranged from a low of 1.17 to a high of 14.01. The REITs industry median PE Ratio without NRI is 14.06. Dipula Properties' value of 6.78 is 51.8% below this industry median. Based on the distribution chart, Dipula Properties ranks #111 out of 751 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Dipula Properties has a GF Score™ of 46/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Dipula Properties' PE Ratio without NRI compare to SPG and O?
According to the REITs industry distribution chart, Dipula Properties ranks #111 out of 751 companies for PE Ratio without NRI. This places Dipula Properties in the top 15% of its industry — outperforming the majority of peers. The industry median PE Ratio without NRI is 14.06. Dipula Properties' value of 6.78 is 51.8% below this benchmark. Historically, Dipula Properties' own PE Ratio without NRI has ranged from 1.17 to 14.01 over the past decade. While the company's 10-year median is 8.29 vs. the industry median of 14.06, Dipula Properties 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 PE Ratio without NRI for a REITs company?
The median PE Ratio without NRI among REITs companies is 14.06, based on 751 companies in the industry. Companies in the top quartile (top 25%) have a PE Ratio without NRI significantly above this median, while those in the bottom quartile fall well below. However, PE Ratio without NRI should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Dipula Properties's current PE Ratio without NRI of 6.78 is 51.8% 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 PE Ratio without NRI mean?
A high PE Ratio without NRI can signal that a stock is expensive relative to its fundamentals. P/E without nonrecurring items is the ratio of share price to a company's earnings less one-time charges. View historical data on Dipula Properties and its competitors. For the REITs industry, the median PE Ratio without NRI is 14.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dipula Properties's current PE Ratio without NRI is 6.78, which is 18% below median its own 10-year median of 8.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dipula Properties stock overvalued right now?
Based on GuruFocus' analysis, Dipula Properties (JSE:DIB) is currently considered Significantly Overvalued. The stock's GF Value™ is R3.33, compared to a current price of R7.15 — trading 114.7% above its estimated fair value. The current PE Ratio without NRI is 6.78, which is 18% below median its 10-year median of 8.29 and 51.8% below the REITs industry median of 14.06. Dipula Properties' overall GF Score™ is 46/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PE Ratio without NRI calculated?
PE Ratio without NRI is calculated from a company's financial statements. For Dipula Properties (JSE:DIB), the current PE Ratio without NRI is 6.78 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 Dipula Properties (JSE:DIB) Overvalued in 2026?

Based on GuruFocus' analysis, Dipula Properties stock appears to be overvalued. The current stock price of R7.15 is trading 114.7% above its estimated GF Value™ of R3.33. GuruFocus considers Dipula Properties to be Significantly Overvalued.

Key valuation signals for JSE:DIB:

  • PE Ratio without NRI: 6.78 (18% below median its 10-year median of 8.29)
  • GF Value™: R3.33 vs. price of R7.15 (114.7% above fair value)
  • GF Score™: 46/100 with 11 warning signs
  • Industry Position: 51.8% below the REITs median (#111 of 751)

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


Dipula Properties Business Description

Industry Real EstateREITs
Address 16 Baker Street, 12th Floor, Firestation Rosebank, Rosebank, Johannesburg, GT, ZAF, 2196
Dipula Properties Ltd is a South Africa-based real estate investment trust that owns a diversified property portfolio comprising defensive urban, township, and rural community retail centres. In addition to retail assets, the company also owns mid-sized industrial and logistics properties, office properties in urban areas, and affordable residential rental assets located in economically active regions across South Africa. The company's operating segments include Retail, Offices, Industrial, Land, Residential, and Corporate. The majority of its revenue is derived from the Retail segment, which represents income generated from its portfolio of shopping centres. The majority of its properties are located in Gauteng.
46GF Score

Get the complete analysis for JSE:DIB

PE Ratio without NRI is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R7.15
Price
R3.33
GF Value