Dolmen City REIT (KAR:DCR) PE Ratio without NRI: 16.55 (As of Jul. 20, 2026) — 374% Above Median

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KAR:DCR Dolmen City REIT KAR:DCR
72 GF Score
Price ₨38.42
GF Value ₨20.83
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Dolmen City REIT PE Ratio without NRI?

Dolmen City REIT KAR:DCR -0.10% 72 PE Ratio without NRI is 16.55 as of Jul. 20, 2026, which is 374% above its 10-year median of 3.49. GuruFocus rates KAR:DCR with a GF Score™ of 72/100 and a GF Value™ of ₨20.83 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 757 REITs companies, Dolmen City REIT ranks worse than 59.05% 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 (2026-07-20), Dolmen City REIT's share price is ₨38.42. Dolmen City REIT's EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2026 was ₨2.32. Therefore, Dolmen City REIT's PE Ratio without NRI for today is 16.55.

During the past 11 years, Dolmen City REIT's highest PE Ratio without NRI was 17.40. The lowest was 1.29. And the median was 3.49.

Dolmen City REIT's EPS without NRI for the three months ended in Mar. 2026 was ₨0.65. Its EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2026 was ₨2.32.

As of today (2026-07-20), Dolmen City REIT's share price is ₨38.42. Dolmen City REIT's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was ₨2.32. Therefore, Dolmen City REIT's PE Ratio (TTM) for today is 16.58.

Warning Sign:

Dolmen City REIT stock PE Ratio (=16.58) is close to 10-year high of 17.44.

During the past years, Dolmen City REIT's highest PE Ratio (TTM) was 17.44. The lowest was 1.29. And the median was 3.49.

Dolmen City REIT's EPS (Diluted) for the three months ended in Mar. 2026 was ₨0.65. Its EPS (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was ₨2.32.

Dolmen City REIT's EPS (Basic) for the three months ended in Mar. 2026 was ₨0.65. Its EPS (Basic) for the trailing twelve months (TTM) ended in Mar. 2026 was ₨2.32.


Dolmen City REIT  (KAR:DCR) 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.


Dolmen City REIT PE Ratio without NRI Related Terms


Dolmen City REIT PE Ratio without NRI Historical Data

* Premium members only.

The historical data trend for Dolmen City REIT'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.

Dolmen City REIT PE Ratio without NRI Chart

Dolmen City REIT Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
PE Ratio without NRI
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.85 3.08 3.27 4.50 7.47

Dolmen City REIT Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 5.60 7.47 8.59 17.12 15.58

KAR:DCR vs VICI, WPC, BNL: PE Ratio without NRI Comparison

For the REIT - Diversified subindustry, Dolmen City REIT'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.


Dolmen City REIT PE Ratio without NRI vs REITs Industry

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

* The bar in red indicates where Dolmen City REIT's PE Ratio without NRI falls into.


KAR:DCR
72GF Score
Dolmen City REIT KAR:DCR
PE Ratio without NRI is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Dolmen City REIT 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.

Dolmen City REIT's PE Ratio without NRI for today is calculated as

PE Ratio without NRI=Share Price/ EPS without NRI
=38.42/2.321
=16.55

Dolmen City REIT's Share Price of today is ₨38.42.
Dolmen City REIT's EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₨2.32.

* 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 16.55 mean?
Dolmen City REIT (KAR:DCR) has a PE Ratio without NRI of 16.55 as of Jul. 20, 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 Dolmen City REIT and its competitors. This is 374% above median its historical median of 3.49. Over the past decade, Dolmen City REIT's PE Ratio without NRI has ranged from 1.29 to 17.40. According to the industry distribution chart, Dolmen City REIT ranks #447 out of 757 companies in the REITs industry, placing it in the top 59%.
Is Dolmen City REIT's PE Ratio without NRI too high?
Dolmen City REIT's current PE Ratio without NRI of 16.55 is 374% above median its 10-year median of 3.49. Over the past 10 years, this metric has ranged from a low of 1.29 to a high of 17.40. The REITs industry median PE Ratio without NRI is 14.13. Dolmen City REIT's value of 16.55 is 17.1% above this industry median. Based on the distribution chart, Dolmen City REIT ranks #447 out of 757 companies in the REITs industry, which is below the industry midpoint. Overall, Dolmen City REIT has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Dolmen City REIT's PE Ratio without NRI compare to VICI and WPC?
According to the REITs industry distribution chart, Dolmen City REIT ranks #447 out of 757 companies for PE Ratio without NRI. This places Dolmen City REIT in the lower half of its industry. The industry median PE Ratio without NRI is 14.13. Dolmen City REIT's value of 16.55 is 17.1% above this benchmark. Historically, Dolmen City REIT's own PE Ratio without NRI has ranged from 1.29 to 17.40 over the past decade. While the company's 10-year median is 3.49 vs. the industry median of 14.13, Dolmen City REIT has consistently been above 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 14.13, based on 757 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. Dolmen City REIT's current PE Ratio without NRI of 16.55 is 17.1% above 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 Dolmen City REIT and its competitors. For the REITs industry, the median PE Ratio without NRI is 14.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dolmen City REIT's current PE Ratio without NRI is 16.55, which is 374% above median its own 10-year median of 3.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dolmen City REIT stock overvalued right now?
Based on GuruFocus' analysis, Dolmen City REIT (KAR:DCR) is currently considered Significantly Overvalued. The stock's GF Value™ is ₨20.83, compared to a current price of ₨38.42 — trading 84.4% above its estimated fair value. The current PE Ratio without NRI is 16.55, which is 374% above median its 10-year median of 3.49 and 17.1% above the REITs industry median of 14.13. Dolmen City REIT's overall GF Score™ is 72/100 with 6 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 Dolmen City REIT (KAR:DCR), the current PE Ratio without NRI is 16.55 as of Jul. 20, 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 Dolmen City REIT (KAR:DCR) Overvalued in 2026?

Based on GuruFocus' analysis, Dolmen City REIT stock appears to be overvalued. The current stock price of ₨38.42 is trading 84.4% above its estimated GF Value™ of ₨20.83. GuruFocus considers Dolmen City REIT to be Significantly Overvalued.

Key valuation signals for KAR:DCR:

  • PE Ratio without NRI: 16.55 (374% above median its 10-year median of 3.49)
  • GF Value™: ₨20.83 vs. price of ₨38.42 (84.4% above fair value)
  • GF Score™: 72/100 with 6 warning signs
  • Industry Position: 17.1% above the REITs median (#447 of 757)

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


Dolmen City REIT Business Description

Industry Real EstateREITs
Address 23, Moluvi Tamizuddin Khan Road, Arif Habib Centre, Karachi, SD, PAK, 74000
Dolmen City REIT is a perpetual, closed-ended, Shariah-compliant real estate investment trust based in Pakistan. It offers investors the opportunity to hold units in two key components of the Dolmen City project: Dolmen Mall Clifton, a multi-level shopping mall with a diverse range of local and international brands, and The Harbour Front, an office complex hosting a variety of local and multinational tenants. The company generates income prominently through rental revenue from these properties.
72GF Score

Get the complete analysis for KAR:DCR

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

₨38.42
Price
₨20.83
GF Value