Emaar Development PJSC (DFM:EMAARDEV) Shiller PE Ratio: 9.47 (As of Jul. 27, 2026) — Near Median

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DFM:EMAARDEV Emaar Development PJSC DFM:EMAARDEV
100 GF Score
Price د.إ13.16
GF Value د.إ20.04
Valuation Significantly Undervalued
! 1 Warning Sign
View Full Analysis

What is Emaar Development PJSC Shiller PE Ratio?

Emaar Development PJSC DFM:EMAARDEV +1.08% 100 Shiller PE Ratio is 9.47 as of Jul. 27, 2026, which is 7% below its 10-year median of 10.22. GuruFocus rates DFM:EMAARDEV with a GF Score™ of 100/100 and a GF Value™ of د.إ20.04 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 1,036 Real Estate companies, Emaar Development PJSC ranks better than 58.78% on this metric.

As of today (2026-07-27), Emaar Development PJSC's current share price is د.إ13.16. Emaar Development PJSC's E10 for the quarter that ended in Mar. 2026 was د.إ1.39. Emaar Development PJSC's Shiller PE Ratio for today is 9.47.

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

DFM:EMAARDEV' s Shiller PE Ratio Range Over the Past 10 Years
Min: 9.44   Med: 10.22   Max: 11.22
Current: 9.44

During the past years, Emaar Development PJSC's highest Shiller PE Ratio was 11.22. The lowest was 9.44. And the median was 10.22.

DFM:EMAARDEV's Shiller PE Ratio is ranked better than
58.78% of 1036 companies
in the Real Estate industry
Industry Median: 11.395 vs DFM:EMAARDEV: 9.44

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.

Emaar Development PJSC's adjusted earnings per share data for the three months ended in Mar. 2026 was د.إ0.730. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is د.إ1.39 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation

Emaar Development PJSC  (DFM:EMAARDEV) 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.

Emaar Development PJSC Shiller PE Ratio Related Terms

Emaar Development PJSC Shiller PE Ratio Historical Data

* Premium members only.

The historical data trend for Emaar Development 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.

Emaar Development PJSC Shiller PE Ratio Chart

Emaar Development 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 0.00 0.00 0.00 0.00 0.00

Emaar Development 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 0.00 0.00 0.00 0.00 9.68

Emaar Development PJSC Shiller PE Ratio Competitor Comparison

For the Real Estate - Development subindustry, Emaar Development 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.

Emaar Development PJSC Shiller PE Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Emaar Development PJSC's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Emaar Development PJSC's Shiller PE Ratio falls into.


DFM:EMAARDEV
100GF Score
Emaar Development PJSC DFM:EMAARDEV
Shiller PE Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Emaar Development 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.

Emaar Development PJSC's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=13.16/1.39
=9.47

* 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.

Emaar Development PJSC's E10 for the quarter that ended in Mar. 2026 is calculated as:

For example, Emaar Development 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)
=0.73/330.2130*330.2130
=0.730

Current CPI (Mar. 2026) = 330.2130.

Emaar Development PJSC Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201412 0.000 234.812 0.000
201512 0.000 236.525 0.000
201612 0.129 241.432 0.176
201703 0.126 243.801 0.171
201706 0.144 244.955 0.194
201709 0.256 246.819 0.342
201712 0.159 246.524 0.213
201803 0.200 249.554 0.265
201806 0.250 251.989 0.328
201809 0.170 252.439 0.222
201812 0.360 251.233 0.473
201903 0.190 254.202 0.247
201906 0.160 256.143 0.206
201909 0.170 256.759 0.219
201912 0.160 256.974 0.206
202003 0.160 258.115 0.205
202006 0.100 257.797 0.128
202009 0.080 260.280 0.101
202012 0.070 260.474 0.089
202103 0.200 264.877 0.249
202106 0.180 271.696 0.219
202109 0.220 274.310 0.265
202112 0.210 278.802 0.249
202203 0.260 287.504 0.299
202206 0.290 296.311 0.323
202209 0.160 296.808 0.178
202212 0.240 296.797 0.267
202303 0.260 301.836 0.284
202306 0.280 305.109 0.303
202309 0.470 307.789 0.504
202312 0.650 306.746 0.700
202403 0.320 312.332 0.338
202406 0.300 314.175 0.315
202409 0.520 315.301 0.545
202412 0.770 315.605 0.806
202503 0.480 319.799 0.496
202506 0.460 322.561 0.471
202509 0.810 324.800 0.823
202512 1.080 324.054 1.101
202603 0.730 330.213 0.730

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 9.47 mean?
Emaar Development PJSC (DFM:EMAARDEV) has a Shiller PE Ratio of 9.47 as of Jul. 27, 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 Emaar Development PJSC and its competitors. This is near median its historical median of 10.22. Over the past decade, Emaar Development PJSC's Shiller PE Ratio has ranged from 9.44 to 11.22. According to the industry distribution chart, Emaar Development PJSC ranks #427 out of 1036 companies in the Real Estate industry, placing it in the top 41.2%.
Is Emaar Development PJSC's Shiller PE Ratio too high?
Emaar Development PJSC's current Shiller PE Ratio of 9.47 is near median its 10-year median of 10.22. Over the past 10 years, this metric has ranged from a low of 9.44 to a high of 11.22. The Real Estate industry median Shiller PE Ratio is 11.40. Emaar Development PJSC's value of 9.47 is 16.9% below this industry median. Based on the distribution chart, Emaar Development PJSC ranks #427 out of 1036 companies in the Real Estate industry, which is above the industry midpoint. Overall, Emaar Development PJSC has a GF Score™ of 100/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Emaar Development PJSC's Shiller PE Ratio compare to competitors?
According to the Real Estate industry distribution chart, Emaar Development PJSC ranks #427 out of 1036 companies for Shiller PE Ratio. This puts Emaar Development PJSC in the upper half of its industry. The industry median Shiller PE Ratio is 11.40. Emaar Development PJSC's value of 9.47 is 16.9% below this benchmark. Historically, Emaar Development PJSC's own Shiller PE Ratio has ranged from 9.44 to 11.22 over the past decade. While the company's 10-year median is 10.22 vs. the industry median of 11.40, Emaar Development PJSC 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 Shiller PE Ratio for a Real Estate company?
The median Shiller PE Ratio among Real Estate companies is 11.40, based on 1,036 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. Emaar Development PJSC's current Shiller PE Ratio of 9.47 is 16.9% 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 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 Emaar Development PJSC and its competitors. For the Real Estate industry, the median Shiller PE Ratio is 11.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Emaar Development PJSC's current Shiller PE Ratio is 9.47, which is near median its own 10-year median of 10.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Emaar Development PJSC stock overvalued right now?
Based on GuruFocus' analysis, Emaar Development PJSC (DFM:EMAARDEV) is currently considered Significantly Undervalued. The stock's GF Value™ is د.إ20.04, compared to a current price of د.إ13.16 — trading 34.3% below its estimated fair value. The current Shiller PE Ratio is 9.47, which is near median its 10-year median of 10.22 and 16.9% below the Real Estate industry median of 11.40. Emaar Development PJSC's overall GF Score™ is 100/100 with 1 warning sign 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 Emaar Development PJSC (DFM:EMAARDEV), the current Shiller PE Ratio is 9.47 as of Jul. 27, 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 Emaar Development PJSC (DFM:EMAARDEV) Overvalued in 2026?

Based on GuruFocus' analysis, Emaar Development PJSC stock appears to be undervalued. The current stock price of د.إ13.16 is trading 34.3% below its estimated GF Value™ of د.إ20.04. GuruFocus considers Emaar Development PJSC to be Significantly Undervalued.

Key valuation signals for DFM:EMAARDEV:

  • Shiller PE Ratio: 9.47 (near median its 10-year median of 10.22)
  • GF Value™: د.إ20.04 vs. price of د.إ13.16 (34.3% below fair value)
  • GF Score™: 100/100 with 1 warning sign
  • Industry Position: 16.9% below the Real Estate median (#427 of 1036)

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

Emaar Development PJSC Business Description

Address Dubai Hills Estate Business Park, Building 1, Level 7, P.O. Box 9440, Dubai, ARE
Emaar Development PJSC is a property developer and provider of lifestyle-focused real estate, with operations in the Middle East, North Africa, and Asia. Its principal activities are property investment, development and development management, shopping malls and retail, entertainment, hospitality, property management and utility services and investments in providers of financial services. The majority of the company'ss revenue is derived from the sale of residential units. Geographically, the company is currently operating only in the UAE.
100GF Score

Get the complete analysis for DFM:EMAARDEV

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

د.إ13.16
Price
د.إ20.04
GF Value