Douglas Emmett, Inc.

NYSE:DEI Stock Report

Market Cap: US$3.6b

Douglas Emmett Valuation

Is DEI undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of DEI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: DEI ($18.08) is trading above our estimate of fair value ($17.33)

Significantly Below Fair Value: DEI is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for DEI?

Key metric: As DEI is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for DEI. This is calculated by dividing DEI's market cap by their current revenue.
What is DEI's PS Ratio?
PS Ratio3.1x
SalesUS$965.44m
Market CapUS$3.64b

Price to Sales Ratio vs Peers

How does DEI's PS Ratio compare to its peers?

The above table shows the PS ratio for DEI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average4.6x
CDP COPT Defense Properties
4.7x4.0%US$3.6b
HIW Highwoods Properties
3.8x2.5%US$3.3b
CUZ Cousins Properties
5.8x7.7%US$4.8b
KRC Kilroy Realty
4.3x2.8%US$4.8b
DEI Douglas Emmett
3.1x1.3%US$3.6b

Price-To-Sales vs Peers: DEI is good value based on its Price-To-Sales Ratio (3.1x) compared to the peer average (4.6x).

Price to Sales Ratio vs Industry

How does DEI's PS Ratio compare vs other companies in the US Office REITs Industry?

2 CompaniesPrice / SalesEstimated GrowthMarket Cap
OPI Office Properties Income Trust
0.1x-6.3%US$56.90m
CMCT Creative Media & Community Trust
0.1xn/aUS$12.90m
No more companies available in this PS range
DEI 3.1xIndustry Avg. 2.9xNo. of Companies3PS01.63.24.86.48+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: DEI is expensive based on its Price-To-Sales Ratio (3.1x) compared to the US Office REITs industry average (2.9x).

Price to Sales Ratio vs Fair Ratio

What is DEI's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

DEI PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio3.1x
Fair PS Ratio4.1x

Price-To-Sales vs Fair Ratio: DEI is good value based on its Price-To-Sales Ratio (3.1x) compared to the estimated Fair Price-To-Sales Ratio (4.1x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst DEI forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$18.08
US$18.41
+1.8%
13.3%US$21.00US$12.50n/a11
Dec ’25US$19.36
US$17.82
-8.0%
15.4%US$21.00US$12.50n/a11
Nov ’25US$17.52
US$15.41
-12.0%
16.2%US$19.00US$9.00n/a11
Oct ’25US$17.54
US$15.05
-14.2%
15.9%US$18.00US$9.00n/a11
Sep ’25US$16.00
US$14.46
-9.6%
14.5%US$16.50US$9.00n/a12
Aug ’25US$15.72
US$13.92
-11.5%
13.6%US$16.00US$9.00n/a12
Jul ’25US$13.23
US$13.92
+5.2%
13.6%US$16.00US$9.00n/a12
Jun ’25US$13.95
US$13.92
-0.2%
13.6%US$16.00US$9.00n/a12
May ’25US$13.44
US$13.71
+2.0%
13.2%US$16.00US$9.00n/a12
Apr ’25US$13.33
US$13.71
+2.8%
12.5%US$16.00US$9.00n/a12
Mar ’25US$13.42
US$13.88
+3.4%
14.0%US$17.00US$9.00n/a12
Feb ’25US$13.22
US$13.96
+5.6%
14.9%US$17.00US$9.00n/a12
Jan ’25US$14.50
US$13.88
-4.3%
14.9%US$17.00US$9.00n/a12
Dec ’24US$13.55
US$12.88
-5.0%
14.9%US$16.00US$9.00US$19.3612
Nov ’24US$11.46
US$13.46
+17.4%
13.7%US$16.00US$10.00US$17.5212
Oct ’24US$12.76
US$13.82
+8.3%
14.2%US$16.00US$10.00US$17.5411
Sep ’24US$14.03
US$13.73
-2.2%
14.0%US$16.00US$10.00US$16.0011
Aug ’24US$14.45
US$13.68
-5.3%
13.1%US$17.00US$10.50US$15.7211
Jul ’24US$12.57
US$13.45
+7.0%
15.0%US$17.00US$9.00US$13.2311
Jun ’24US$11.30
US$13.75
+21.7%
15.5%US$17.00US$9.00US$13.9512
May ’24US$12.63
US$14.46
+14.5%
12.7%US$17.00US$10.50US$13.4412
Apr ’24US$12.33
US$14.88
+20.7%
17.5%US$20.00US$9.50US$13.3313
Mar ’24US$14.16
US$17.62
+24.4%
15.4%US$23.00US$12.00US$13.4213
Feb ’24US$17.03
US$18.00
+5.7%
14.8%US$23.00US$13.00US$13.2214
Jan ’24US$15.68
US$19.77
+26.1%
13.6%US$25.00US$16.00US$14.5014
Dec ’23US$17.03
US$20.63
+21.1%
16.0%US$30.00US$17.00US$13.5514

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 04:04
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Douglas Emmett, Inc. is covered by 36 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
David RodgersBaird
Ross SmotrichBarclays
John KimBMO Capital Markets Equity Research