Dubai Financial Market PJSCDFM:DFM 97 3-Year ROIIC % is 114.68 as of Dec. 2025, which is 73% above its 10-year median of 66.33. GuruFocus rates DFM:DFM with a GF Score™ of 97/100 and a GF Value™ of د.إ1.88 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 657 Capital Markets companies, Dubai Financial Market PJSC ranks better than 93.15% on this metric.
3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year.
Dubai Financial Market PJSC's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 114.68%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Dubai Financial Market PJSC's 3-Year ROIIC % or its related term are showing as below:
DFM:DFM's 3-Year ROIIC % is ranked better than 93.15% of 657
companies
in the Capital Markets industry
Industry Median: 2.85
vs DFM:DFM: 114.68
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
Dubai Financial Market PJSC 3-Year ROIIC % Related Terms
Dubai Financial Market PJSC 3-Year ROIIC % Historical Data
* 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.
DFM:DFM vs SPGI, CME, MCO: 3-Year ROIIC % Comparison
For the Financial Data & Stock Exchanges subindustry, Dubai Financial Market PJSC's 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % 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 Financial Market PJSC 3-Year ROIIC % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Dubai Financial Market PJSC's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Dubai Financial Market PJSC's 3-Year ROIIC % falls into.
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( 536.6106625 (Dec. 2025) - 144.611 (Dec. 2022) )
/
( 7023.519 (Dec. 2025) - 6681.708 (Dec. 2022) )
=
391.9996625
/
341.811
=
114.68%***
* 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.
** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
Dubai Financial Market PJSC (DFM:DFM) has a 3-Year ROIIC % of 114.68 as of Dec. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Dubai Financial Market PJSC and its competitors. This is 73% above median its historical median of 66.33. According to the industry distribution chart, Dubai Financial Market PJSC ranks #45 out of 657 companies in the Capital Markets industry, placing it in the top 6.8%.
Is Dubai Financial Market PJSC's 3-Year ROIIC % too high?
Dubai Financial Market PJSC's current 3-Year ROIIC % of 114.68 is 73% above median its 10-year median of 66.33. The Capital Markets industry median 3-Year ROIIC % is 2.85. Dubai Financial Market PJSC's value of 114.68 is 3923.9% above this industry median. Based on the distribution chart, Dubai Financial Market PJSC ranks #45 out of 657 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Dubai Financial Market 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 Dubai Financial Market PJSC's 3-Year ROIIC % compare to SPGI and CME?
According to the Capital Markets industry distribution chart, Dubai Financial Market PJSC ranks #45 out of 657 companies for 3-Year ROIIC %. This places Dubai Financial Market PJSC in the top 7% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 2.85. Dubai Financial Market PJSC's value of 114.68 is 3923.9% above this benchmark. While the company's 10-year median is 66.33 vs. the industry median of 2.85, Dubai Financial Market PJSC 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 3-Year ROIIC % for a Capital Markets company?
The median 3-Year ROIIC % among Capital Markets companies is 2.85, based on 657 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Dubai Financial Market PJSC's current 3-Year ROIIC % of 114.68 is 3923.9% 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 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Dubai Financial Market PJSC and its competitors. For the Capital Markets industry, the median 3-Year ROIIC % is 2.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dubai Financial Market PJSC's current 3-Year ROIIC % is 114.68, which is 73% above median its own 10-year median of 66.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dubai Financial Market PJSC stock overvalued right now?
Based on GuruFocus' analysis, Dubai Financial Market PJSC (DFM:DFM) is currently considered Modestly Undervalued. The stock's GF Value™ is د.إ1.88, compared to a current price of د.إ1.50 — trading 20.2% below its estimated fair value. The current 3-Year ROIIC % is 114.68, which is 73% above median its 10-year median of 66.33 and 3923.9% above the Capital Markets industry median of 2.85. Dubai Financial Market PJSC's overall GF Score™ is 97/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For Dubai Financial Market PJSC (DFM:DFM), the current 3-Year ROIIC % is 114.68 as of Dec. 2025. 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 Dubai Financial Market PJSC (DFM:DFM) Overvalued in 2026?
Based on GuruFocus' analysis, Dubai Financial Market PJSC stock appears to be undervalued.
The current stock price of د.إ1.50 is trading 20.2% below its estimated GF Value™ of د.إ1.88.
GuruFocus considers Dubai Financial Market PJSC to be Modestly Undervalued.
Key valuation signals for DFM:DFM:
3-Year ROIIC %: 114.68 (73% above median its 10-year median of 66.33)
GF Value™: د.إ1.88 vs. price of د.إ1.50 (20.2% below fair value)
Industry Position: 3923.9% above the Capital Markets median (#45 of 657)
No single metric tells the full story. See the DFM:DFM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dubai Financial Market PJSC operates as a regulated secondary market for the trading of securities issued by public shareholding companies, bonds issued by federal or local governments, local public institutions, and mutual funds as well as other local or foreign financial instruments. The company is focused on trading in financial instruments, acting as a commercial, industrial and agricultural holding and trust company, financial investment consultancy, and brokerage in local and foreign shares and bonds. It is engaged in a single segment of operating stock exchanges and related clearing house. The company derives the majority of revenue from Trading commission fees and rest from Brokerage fees, Clearing, settlement and depository fees, Listing and market data fees, and Other fees.
97GF Score
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