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Douglas Emmett (Douglas Emmett) Cyclically Adjusted Price-to-FCF : 9.48 (As of Apr. 27, 2024)


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What is Douglas Emmett Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Douglas Emmett's current share price is $13.37. Douglas Emmett's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $1.41. Douglas Emmett's Cyclically Adjusted Price-to-FCF for today is 9.48.

The historical rank and industry rank for Douglas Emmett's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

DEI' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 7.59   Med: 26.22   Max: 34.08
Current: 9.42

During the past years, Douglas Emmett's highest Cyclically Adjusted Price-to-FCF was 34.08. The lowest was 7.59. And the median was 26.22.

DEI's Cyclically Adjusted Price-to-FCF is ranked better than
61.54% of 390 companies
in the REITs industry
Industry Median: 11.575 vs DEI: 9.42

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Douglas Emmett's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $0.277. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is $1.41 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Douglas Emmett Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Douglas Emmett's Cyclically Adjusted Price-to-FCF 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.

* Premium members only.

Douglas Emmett Cyclically Adjusted Price-to-FCF Chart

Douglas Emmett Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 33.01 23.63 26.38 11.29 10.26

Douglas Emmett Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted Price-to-FCF 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 11.29 8.64 8.78 8.97 10.26

Competitive Comparison of Douglas Emmett's Cyclically Adjusted Price-to-FCF

For the REIT - Office subindustry, Douglas Emmett's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF 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.


Douglas Emmett's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Douglas Emmett's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Douglas Emmett's Cyclically Adjusted Price-to-FCF falls into.



Douglas Emmett Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Douglas Emmett's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=13.37/1.41
=9.48

* 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.

Douglas Emmett's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Douglas Emmett's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.277/129.4194*129.4194
=0.277

Current CPI (Dec. 2023) = 129.4194.

Douglas Emmett Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.357 99.695 0.463
201406 0.207 100.560 0.266
201409 0.304 100.428 0.392
201412 0.199 99.070 0.260
201503 0.345 99.621 0.448
201506 0.298 100.684 0.383
201509 0.356 100.392 0.459
201512 0.277 99.792 0.359
201603 0.481 100.470 0.620
201606 0.345 101.688 0.439
201609 0.415 101.861 0.527
201612 0.199 101.863 0.253
201703 0.471 102.862 0.593
201706 0.328 103.349 0.411
201709 0.380 104.136 0.472
201712 0.265 104.011 0.330
201803 0.480 105.290 0.590
201806 0.206 106.317 0.251
201809 0.301 106.507 0.366
201812 0.106 105.998 0.129
201903 0.402 107.251 0.485
201906 0.264 108.070 0.316
201909 0.412 108.329 0.492
201912 0.259 108.420 0.309
202003 0.542 108.902 0.644
202006 0.079 108.767 0.094
202009 0.275 109.815 0.324
202012 -0.197 109.897 -0.232
202103 0.260 111.754 0.301
202106 0.095 114.631 0.107
202109 0.236 115.734 0.264
202112 0.287 117.630 0.316
202203 0.514 121.301 0.548
202206 0.278 125.017 0.288
202209 0.400 125.227 0.413
202212 0.281 125.222 0.290
202303 0.532 127.348 0.541
202306 0.160 128.729 0.161
202309 0.177 129.860 0.176
202312 0.277 129.419 0.277

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

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.


Douglas Emmett  (NYSE:DEI) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Douglas Emmett Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Douglas Emmett's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Douglas Emmett (Douglas Emmett) Business Description

Industry
Traded in Other Exchanges
Address
1299 Ocean Avenue, Suite 1000, Santa Monica, CA, USA, 90401
Douglas Emmett Inc is a real estate investment trust that acquires, develops, and manages office and multifamily properties in Los Angeles, California and Honolulu, Hawaii in the U.S. The company focuses on owning assets in communities with large supply constraints, such as the affluent neighborhoods of Los Angeles. The vast majority of Douglas Emmett's real estate portfolio is comprised of office buildings in Los Angeles. Most of these assets are located in the areas of Sherman Oaks, Woodland Hills, and Beverly Hills in terms of total square feet. Douglas Emmett derives nearly all of its income in the form of rental revenue from tenants. The vast majority of this also comes from its Los Angeles office buildings. The company's major tenants are legal, financial, and entertainment firms.
Executives
Simon William E Jr director 1299 OCEAN AVENUE, SUITE 1000, SANTA MONICA CA 90401
Michele L Aronson officer: EVP, GEN COUNSEL & SECY 1299 OCEAN AVENUE, SUITE 1000, SANTA MONICA CA 90401
Shirley Wang director DOUGLAS EMMETT, INC., 1299 OCEAN AVENUE, SUITE 1000, SANTA MONICA CA 90401
Jordan L Kaplan director, officer: Chief Exec Officer, President 1299 OCEAN AVENUE, SUITE 1000, SANTA MONICA CA 90401
David T Feinberg director 1299 OCEAN AVENUE, SUITE 1000, SANTA MONICA CA 90401
Leslie E Bider director 1299 OCEAN AVENUE, SUITE 1000, SANTA MONICA CA 90401
Ray C Leonard director DOUGLAS EMMETT, INC., 1299 OCEAN AVENUNE, SUITE 1000, SANTA MONICA CA 90401
Virginia Mcferran director 1299 OCEAN AVENUE, SUITE 1000, SANTA MONICA CA 90401
Peter Seymour officer: Chief Financial Officer 1299 OCEAN AVENUE, SUITE 1000, SANTA MONICA CA 90401
Kevin Andrew Crummy officer: Chief Investment Officer 1299 OCEAN AVENUE, SUITE 1000, SANTA MONICA CA 90401
Kenneth M Panzer director, officer: Chief Operating Officer 1299 OCEAN AVENUE, SUITE 1000, SANTA MONICA CA 90401
O Hern Thomas E director THE MACERICH COMPANY, 401 WILSHIRE BVLD., STE. 700, SANTA MONICA CA 90401
Johnese Spisso director 4500 DORR STREET, TOLEDO OH 43615
Dan A Emmett director, officer: Chairman of the Board 1299 OCEAN AVENUE, SUITE 1000, SANTA MONICA CA 90401
Dorene Dominguez director C/O CIT GROUP INC, GENERAL COUNSEL, 1 CIT DRIVE, #3251-9, LIVINGSTON NJ 07039

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