Douglas Emmett, Inc. (DEI) Key Metrics
DEI valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $1.96B
- Enterprise value
- $7.03B
- P/E (TTM)
- — 10-yr median 70.1
- Forward P/E
- 9.0
- PEG ratio
- 11.67
- Price / sales
- 1.9 10-yr median 6.1
- Price / book
- 0.9 10-yr median 1.5
- EV / EBITDA
- 11.7 10-yr median 19.9
- Dividend yield
- 6.49% $0.76 a year
- Beta
- 1.21
DEI key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsDEI valuation Price multiples at each fiscal year-end price.
DEI returns How much profit the business earns on the capital it uses.
DEI per-share figures Results divided by the shares outstanding at year-end.
DEI financial health Debt, liquidity and how easily interest is covered.
DEI efficiency & capital use Working capital cycle and where the cash goes.
DEI valuation history
DEI returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
DEI debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
DEI cash returned to shareholders
DEI price vs earnings per share
DEI key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $1.84B | $3.11B | $2.46B | $2.76B | $5.88B | $5.12B | $7.61B | $5.80B | $6.62B | $5.60B |
| Enterprise value | $7.07B | $8.17B | $7.49B | $12.91B | $15.67B | $9.98B | $12.69B | $9.89B | $14.75B | $14.30B |
| P/E ratio | 113.1 | 132.1 | — | 28.4 | 90.1 | 101.5 | 20.9 | 50.0 | 70.1 | 65.6 |
| Price / sales | 1.8 | 3.1 | 2.4 | 2.8 | 6.4 | 5.8 | 8.1 | 6.6 | 8.2 | 7.5 |
| Price / book | 1.0 | 1.5 | 1.1 | 0.6 | 1.5 | 1.3 | 1.7 | 1.5 | 1.7 | 1.9 |
| Price / free cash flow | 9.5 | 18.4 | 10.3 | 10.6 | 38.2 | 41.7 | 32.9 | 31.3 | 28.6 | 25.5 |
| Price / operating cash flow | 4.8 | 7.6 | 5.8 | 5.5 | 13.2 | 12.2 | 16.2 | 13.4 | 16.4 | 16.5 |
| EV / sales | 7.0 | 8.3 | 7.3 | 13.0 | 17.1 | 11.2 | 13.4 | 11.2 | 18.2 | 19.3 |
| EV / EBITDA | 10.9 | 13.2 | 12.6 | 20.8 | 27.3 | 18.9 | 21.5 | 18.0 | 29.0 | 30.2 |
| EV / free cash flow | 36.3 | 48.3 | 31.5 | 49.9 | 101.9 | 81.4 | 54.8 | 53.3 | 63.8 | 65.0 |
| Earnings yield | 0.9% | 0.8% | −1.7% | 3.5% | 1.1% | 1.0% | 4.8% | 2.0% | 1.4% | 1.5% |
| Free cash flow yield | 10.6% | 5.4% | 9.7% | 9.4% | 2.6% | 2.4% | 3.0% | 3.2% | 3.5% | 3.9% |
| Dividend yield | 6.9% | 4.1% | 5.3% | 7.1% | 3.3% | 3.8% | 2.4% | 2.9% | 2.2% | 2.3% |
| Shareholder yield (dividends + buybacks) | 6.9% | 4.1% | 9.8% | 7.2% | 3.3% | 3.8% | 2.4% | 2.9% | 2.4% | 2.4% |
| Share price at fiscal year-end | $10.99 | $18.56 | $14.50 | $15.68 | $33.50 | $29.18 | $43.90 | $34.13 | $41.06 | $36.56 |
| Per share | ||||||||||
| Revenue per share | $6.00 | $5.89 | $6.02 | $5.65 | $5.23 | $5.06 | $5.44 | $5.19 | $5.04 | $4.85 |
| Earnings per share | $0.10 | $0.14 | −$0.25 | $0.55 | $0.37 | $0.29 | $2.10 | $0.68 | $0.59 | $0.56 |
| Operating cash flow per share | $2.31 | $2.44 | $2.52 | $2.83 | $2.55 | $2.40 | $2.71 | $2.55 | $2.50 | $2.22 |
| Free cash flow per share | $1.16 | $1.01 | $1.40 | $1.47 | $0.88 | $0.70 | $1.34 | $1.09 | $1.43 | $1.44 |
| Cash per share | $2.04 | $2.66 | $3.08 | $1.53 | $1.91 | $0.98 | $0.89 | $0.86 | $1.10 | $0.74 |
| Book value per share | $11.37 | $12.30 | $13.09 | $24.33 | $22.72 | $22.78 | $25.21 | $22.65 | $24.20 | $19.68 |
| Tangible book value per share | $11.33 | $12.27 | $13.06 | $24.31 | $22.69 | $22.76 | $25.18 | $22.63 | $24.18 | $19.64 |
| Dividends per share | $0.76 | $0.76 | $0.77 | $1.12 | $1.12 | $1.12 | $1.04 | $1.00 | $0.91 | $0.85 |
| Capex per share | $1.15 | $1.43 | $1.12 | $1.35 | $1.67 | $1.70 | $1.37 | $1.46 | $1.06 | $0.78 |
| Debt per share | $33.24 | $32.91 | $32.75 | $59.32 | $57.73 | $28.70 | $30.19 | $24.96 | $51.55 | $57.53 |
| Shares outstanding | 167.4M | 167.4M | 169.6M | 175.8M | 175.5M | 175.4M | 173.4M | 169.9M | 161.2M | 153.2M |
| Change in shares outstanding | +0.0% | −1.3% | −3.5% | +0.2% | +0.1% | +1.2% | +2.0% | +5.4% | +5.2% | +1.7% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 0.8% | 1.1% | −1.3% | 2.4% | 1.6% | 1.2% | 8.9% | 3.0% | 2.7% | 3.2% |
| Return on invested capital (ROIC) | 2.1% | 2.3% | 1.1% | 0.9% | 0.9% | 3.0% | 3.5% | 2.3% | 1.8% | 1.9% |
| Return on assets (ROA) | 0.2% | 0.2% | −0.4% | 1.0% | 0.7% | 0.5% | 4.1% | 1.4% | 1.2% | 1.2% |
| Return on tangible assets | 0.2% | 0.3% | −0.4% | 1.0% | 0.7% | 0.5% | 3.9% | 1.4% | 1.1% | 1.1% |
| Free cash flow margin | 19.4% | 17.2% | 23.3% | 26.0% | 16.8% | 13.8% | 24.5% | 21.0% | 28.5% | 29.6% |
| Income quality (OCF / net income) | 23.78 | 17.38 | — | 5.11 | 6.85 | 8.33 | 1.29 | 3.73 | 4.26 | 3.97 |
| Financial health | ||||||||||
| Total debt | $5.57B | $5.51B | $5.55B | $10.43B | $10.13B | $5.03B | $5.23B | $4.24B | $8.31B | $8.81B |
| Cash & short-term investments | $340.8M | $444.6M | $523.1M | $268.8M | $335.9M | $172.4M | $153.7M | $146.2M | $176.6M | $112.9M |
| Net debt | $5.23B | $5.06B | $5.03B | $10.16B | $9.79B | $4.86B | $5.08B | $4.09B | $8.13B | $8.70B |
| Debt / equity | 2.92 | 2.68 | 2.50 | 2.44 | 2.54 | 1.26 | 1.20 | 1.10 | 2.13 | 2.92 |
| Debt / assets | 0.60 | 0.59 | 0.58 | 1.07 | 1.08 | 0.54 | 0.56 | 0.51 | 1.00 | 1.16 |
| Net debt / EBITDA | 8.05 | 8.15 | 8.48 | 16.40 | 17.04 | 9.22 | 8.59 | 7.45 | 16.00 | 18.40 |
| Current ratio | 3.05 | 4.81 | 5.25 | 2.24 | 2.39 | 1.59 | 1.63 | 1.58 | 1.95 | 1.89 |
| Quick ratio | 3.05 | 4.81 | 4.41 | 3.79 | 2.46 | 1.59 | 1.75 | 1.62 | 2.02 | 1.95 |
| Interest coverage | 0.7 | 0.9 | 0.7 | 1.6 | 1.4 | 3.8 | 4.2 | 1.9 | 1.7 | 1.5 |
| Working capital | $351.9M | $619.7M | $692.6M | $216.4M | $269.6M | $113.3M | $113.4M | $101.0M | $139.3M | $98.2M |
| Invested capital | $7.13B | $7.12B | $7.25B | $14.43B | $13.78B | $8.86B | $9.45B | $7.94B | $12.04B | $11.71B |
| Tangible asset value | $3.47B | $3.65B | $3.84B | $4.27B | $3.98B | $3.99B | $4.36B | $3.85B | $3.90B | $3.01B |
| Net current asset value | −$5.29B | −$4.96B | −$4.94B | −$5.08B | −$4.90B | −$4.95B | −$4.68B | −$4.14B | −$4.10B | −$4.39B |
| Graham number | $4.99 | $6.24 | — | $17.39 | $13.79 | $12.14 | $34.50 | $18.66 | $17.86 | $15.71 |
| Graham net-net per share | −$31.86 | −$30.22 | −$29.29 | −$29.85 | −$28.17 | −$28.40 | −$27.29 | −$24.57 | −$25.66 | −$28.84 |
| Capital allocation | ||||||||||
| Dividends paid | $127.3M | $127.2M | $129.9M | $196.8M | $196.5M | $196.3M | $179.7M | $169.8M | $146.0M | $130.8M |
| Share buybacks (net) | $351,000 | $138,000 | $111.6M | $337,000 | $122,000 | $7,000 | $734,000 | $108,000 | $10.1M | $826,000 |
| Dividend payout ratio | 782.3% | 540.8% | — | 202.6% | 301.1% | 389.4% | 49.4% | 146.3% | 154.6% | 153.2% |
| Dividends + buybacks / free cash flow | 65.6% | 75.2% | 101.6% | 76.2% | 127.8% | 160.1% | 77.9% | 91.6% | 67.5% | 59.9% |
| Capex / revenue | 19.2% | 24.3% | 18.5% | 24.0% | 31.9% | 33.5% | 25.2% | 28.1% | 21.1% | 16.1% |
| Capex / operating cash flow | 49.7% | 58.6% | 44.3% | 47.9% | 65.6% | 70.8% | 50.7% | 57.2% | 42.5% | 35.2% |
| Capex / depreciation | 0.49 | 0.62 | 0.41 | 0.66 | 0.81 | 0.81 | 0.70 | 0.86 | 0.66 | 0.52 |
| Stock-based compensation / revenue | 2.1% | 2.1% | 1.9% | 2.1% | 2.3% | 2.4% | 1.9% | 2.5% | 2.3% | 2.3% |
| R&D / revenue | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| SG&A / revenue | 4.6% | 4.6% | 4.8% | 4.6% | 4.6% | 4.5% | 4.0% | 4.4% | 4.5% | 4.7% |
| Efficiency | ||||||||||
| Days sales outstanding | 92.1 | 119.0 | 78.9 | 45.9 | 52.2 | 56.5 | 52.1 | 49.3 | 45.9 | 43.5 |
| Days of inventory on hand | — | — | -29.6 | -156.2 | -18.6 | — | -18.6 | -11.2 | -11.5 | -68.1 |
| Days payables outstanding | 58.0 | 63.5 | 31.5 | 89.3 | 99.1 | 88.5 | 86.6 | 89.6 | 70.5 | 46.5 |
| Cash conversion cycle (days) | 34.2 | 55.4 | 17.7 | -199.6 | -65.5 | -32.0 | -53.1 | -51.5 | -36.0 | -71.1 |
| Receivables turnover | 3.96 | 3.07 | 4.63 | 7.94 | 6.99 | 6.47 | 7.00 | 7.40 | 7.95 | 8.39 |
| Payables turnover | 6.30 | 5.75 | 11.57 | 4.09 | 3.68 | 4.13 | 4.21 | 4.07 | 5.18 | 7.85 |
| Asset turnover | 0.11 | 0.10 | 0.11 | 0.10 | 0.10 | 0.10 | 0.11 | 0.11 | 0.10 | 0.11 |
| Average receivables | $253.4M | $321.5M | $220.5M | $125.1M | $131.3M | $137.3M | $134.7M | $119.1M | $102.2M | $88.5M |
| Average payables | $58.4M | $60.9M | $71.0M | $81.7M | $82.4M | $74.0M | $70.8M | $68.9M | $49.8M | $30.3M |
| Average inventory | — | — | −$66.7M | −$142.9M | −$15.5M | — | −$15.2M | −$8.7M | −$8.1M | −$44.4M |
| Intangibles / total assets | 0.1% | 0.0% | 0.1% | 0.0% | 0.0% | 0.1% | 0.1% | 0.0% | 0.1% | 0.1% |
Computed from DEI's annual financial statements (latest annual report filed February 20, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
DEI valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Douglas Emmett traded at 113.1 times earnings, against a 10-year median of 70.1. Douglas Emmett earned a return on equity of 0.8% and a return on invested capital of 2.1% in fiscal 2025. It ended the year with $5.6 billion of debt and $340.8 million in cash and short-term investments, net debt of $5.2 billion. It returned $127.6 million to shareholders: $127.3 million in dividends and $0.4 million in share buybacks, 66% of free cash flow. The share count rose 9.3% from 153.2M to 167.4M over 9 years.
See the DEI income statement, the DEI chart for price history, or the DEI stock overview for the latest quote and news.
DEI key metrics FAQ
What is Douglas Emmett's P/E ratio?
Douglas Emmett traded at 113.1 times earnings at the end of fiscal 2025.
What is Douglas Emmett's EV/EBITDA?
Douglas Emmett's enterprise value was 10.9 times EBITDA at the end of fiscal 2025 (enterprise value $7.1 billion, EBITDA $649.4 million); the current EV/EBITDA is 11.7.
What is Douglas Emmett's return on equity?
Douglas Emmett's return on equity (ROE) was 0.8% in fiscal 2025: net income of $16.3 million on average shareholders' equity of $2.0 billion.
What is Douglas Emmett's ROIC?
Douglas Emmett's return on invested capital was 2.1% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Douglas Emmett have?
Douglas Emmett had total debt of $5.6 billion at the end of fiscal 2025, a debt-to-equity ratio of 2.92 and $5.2 billion of net debt (8.05 times EBITDA).
What is Douglas Emmett's dividend yield?
Douglas Emmett's forward dividend yield is 6.49%. Douglas Emmett paid $127.3 million in dividends in fiscal 2025 ($0.76 per share), a payout ratio of 782.3%.
Does Douglas Emmett buy back its shares?
Yes. Douglas Emmett spent $0.4 million on net share repurchases in fiscal 2025 Shares outstanding changed +0.0% over the year, to 167.4M..
What is Douglas Emmett's free cash flow yield?
Douglas Emmett generated $194.5 million of free cash flow in fiscal 2025, a free cash flow yield of 10.6% on its market value at year-end ($1.8 billion).
What is Douglas Emmett's current ratio?
Douglas Emmett's current ratio was 3.05 at the end of fiscal 2025: current assets were 3.05 times current liabilities.