Dubai Financial Market PJSC (DFM:DFM) Shiller PE Ratio: 36.00 (As of Jul. 29, 2026) — Near 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:DFM Dubai Financial Market PJSC DFM:DFM
97 GF Score
Price د.إ1.44
GF Value د.إ1.88
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Dubai Financial Market PJSC Shiller PE Ratio?

Dubai Financial Market PJSC DFM:DFM +1.41% 97 Shiller PE Ratio is 36.00 as of Jul. 29, 2026, which is 2% above its 10-year median of 35.25. 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 474 Capital Markets companies, Dubai Financial Market PJSC ranks worse than 70.46% on this metric.

As of today (2026-07-29), Dubai Financial Market PJSC's current share price is د.إ1.44. Dubai Financial Market PJSC's E10 for the quarter that ended in Mar. 2026 was د.إ0.04. Dubai Financial Market PJSC's Shiller PE Ratio for today is 36.00.

The historical rank and industry rank for Dubai Financial Market PJSC's Shiller PE Ratio or its related term are showing as below:

DFM:DFM' s Shiller PE Ratio Range Over the Past 10 Years
Min: 17.33   Med: 35.25   Max: 88
Current: 33.94

During the past years, Dubai Financial Market PJSC's highest Shiller PE Ratio was 88.00. The lowest was 17.33. And the median was 35.25.

DFM:DFM's Shiller PE Ratio is ranked worse than
70.46% of 474 companies
in the Capital Markets industry
Industry Median: 21.77 vs DFM:DFM: 33.94

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Dubai Financial Market PJSC's adjusted earnings per share data for the three months ended in Mar. 2026 was د.إ0.022. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is د.إ0.04 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Dubai Financial Market PJSC  (DFM:DFM) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.


Dubai Financial Market PJSC Shiller PE Ratio Related Terms


Dubai Financial Market PJSC Shiller PE Ratio Historical Data

* Premium members only.

The historical data trend for Dubai Financial Market PJSC's Shiller PE Ratio 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 Financial Market PJSC Shiller PE Ratio Chart

Dubai Financial Market PJSC Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 81.35 40.23 36.30 47.98 41.30

Dubai Financial Market PJSC Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Shiller PE Ratio 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 41.29 44.93 41.51 41.30 33.70

DFM:DFM vs SPGI, CME, ICE: Shiller PE Ratio Comparison

For the Financial Data & Stock Exchanges subindustry, Dubai Financial Market 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.


Dubai Financial Market PJSC Shiller PE Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Dubai Financial Market PJSC's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Dubai Financial Market PJSC's Shiller PE Ratio falls into.


DFM:DFM
97GF Score
Dubai Financial Market PJSC DFM:DFM
Shiller PE Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Dubai Financial Market PJSC Shiller PE Ratio Calculation

For Shiller PE Ratio, 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 PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Dubai Financial Market PJSC's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=1.44/0.04
=36.00

* 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 Financial Market PJSC's E10 for the quarter that ended in Mar. 2026 is calculated as:

For example, Dubai Financial Market 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)
=0.022/330.2130*330.2130
=0.022

Current CPI (Mar. 2026) = 330.2130.

Dubai Financial Market PJSC Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201606 0.007 241.018 0.010
201609 0.004 241.428 0.005
201612 0.010 241.432 0.014
201703 0.013 243.801 0.018
201706 0.005 244.955 0.007
201709 0.003 246.819 0.004
201712 0.007 246.524 0.009
201803 0.006 249.554 0.008
201806 0.004 251.989 0.005
201809 0.003 252.439 0.004
201812 0.003 251.233 0.004
201903 0.004 254.202 0.005
201906 0.005 256.143 0.006
201909 0.004 256.759 0.005
201912 0.003 256.974 0.004
202003 0.004 258.115 0.005
202006 0.006 257.797 0.008
202009 0.005 260.280 0.006
202012 0.002 260.474 0.003
202103 0.003 264.877 0.004
202106 0.002 271.696 0.002
202109 0.000 274.310 0.000
202112 0.008 278.802 0.009
202203 0.003 287.504 0.003
202206 0.005 296.311 0.006
202209 0.003 296.808 0.003
202212 0.007 296.797 0.008
202303 0.004 301.836 0.004
202306 0.010 305.109 0.011
202309 0.009 307.789 0.010
202312 0.018 306.746 0.019
202403 0.011 312.332 0.012
202406 0.011 314.175 0.012
202409 0.012 315.301 0.013
202412 0.013 315.605 0.014
202503 0.016 319.799 0.017
202506 0.073 322.561 0.075
202509 0.017 324.800 0.017
202512 0.015 324.054 0.015
202603 0.022 330.213 0.022

Add all the adjusted EPS together and divide 10 will get our 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.

Frequently Asked Questions Learn more about Shiller PE Ratio →
What does a Shiller PE Ratio of 36.00 mean?
Dubai Financial Market PJSC (DFM:DFM) has a Shiller PE Ratio of 36.00 as of Jul. 29, 2026. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on Dubai Financial Market PJSC and its competitors. This is near median its historical median of 35.25. Over the past decade, Dubai Financial Market PJSC's Shiller PE Ratio has ranged from 17.33 to 88.00. According to the industry distribution chart, Dubai Financial Market PJSC ranks #334 out of 474 companies in the Capital Markets industry, placing it in the top 70.5%.
Is Dubai Financial Market PJSC's Shiller PE Ratio too high?
Dubai Financial Market PJSC's current Shiller PE Ratio of 36.00 is near median its 10-year median of 35.25. Over the past 10 years, this metric has ranged from a low of 17.33 to a high of 88.00. The Capital Markets industry median Shiller PE Ratio is 21.77. Dubai Financial Market PJSC's value of 36.00 is 65.4% above this industry median. Based on the distribution chart, Dubai Financial Market PJSC ranks #334 out of 474 companies in the Capital Markets industry, which is below the industry midpoint. 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 Shiller PE Ratio compare to SPGI and CME?
According to the Capital Markets industry distribution chart, Dubai Financial Market PJSC ranks #334 out of 474 companies for Shiller PE Ratio. This places Dubai Financial Market PJSC in the lower half of its industry. The industry median Shiller PE Ratio is 21.77. Dubai Financial Market PJSC's value of 36.00 is 65.4% above this benchmark. Historically, Dubai Financial Market PJSC's own Shiller PE Ratio has ranged from 17.33 to 88.00 over the past decade. While the company's 10-year median is 35.25 vs. the industry median of 21.77, 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 Shiller PE Ratio for a Capital Markets company?
The median Shiller PE Ratio among Capital Markets companies is 21.77, based on 474 companies in the industry. Companies in the top quartile (top 25%) have a Shiller PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Shiller PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Dubai Financial Market PJSC's current Shiller PE Ratio of 36.00 is 65.4% 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 Shiller PE Ratio mean?
A high Shiller PE Ratio can signal that a stock is expensive relative to its fundamentals. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on Dubai Financial Market PJSC and its competitors. For the Capital Markets industry, the median Shiller PE Ratio is 21.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dubai Financial Market PJSC's current Shiller PE Ratio is 36.00, which is near median its own 10-year median of 35.25. 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.إ1.44 — trading 23.4% below its estimated fair value. The current Shiller PE Ratio is 36.00, which is near median its 10-year median of 35.25 and 65.4% above the Capital Markets industry median of 21.77. 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 Shiller PE Ratio calculated?
Shiller PE Ratio is calculated from a company's financial statements. For Dubai Financial Market PJSC (DFM:DFM), the current Shiller PE Ratio is 36.00 as of Jul. 29, 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 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.إ1.44 is trading 23.4% 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:

  • Shiller PE Ratio: 36.00 (near median its 10-year median of 35.25)
  • GF Value™: د.إ1.88 vs. price of د.إ1.44 (23.4% below fair value)
  • GF Score™: 97/100 with 5 warning signs
  • Industry Position: 65.4% above the Capital Markets median (#334 of 474)

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 Business Description

Address Sheikh Zayed Road, P.O. Box 9700, Reception - Mezzanine Floor, Dubai World Trade Center Building, Dubai, ARE
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

Get the complete analysis for DFM:DFM

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

د.إ1.44
Price
د.إ1.88
GF Value