Yes but only to about 100 aircraft at a time, favouring stronger (and therefore closer) signals:
https://en.wikipedia.org/wiki/Distance_measuring_equipment#S...If you're 100nm away, chances are there are more than 100 aircraft nearer to the DME than you from at least one of the two required DMEs. Especially if GPS has failed and many aircraft are trying to use backup DME-DME. Unless you're in a very sparse area.