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Douglas Emmett (Douglas Emmett) Cyclically Adjusted PS Ratio : 2.24 (As of Apr. 27, 2024)


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What is Douglas Emmett Cyclically Adjusted PS Ratio?

As of today (2024-04-27), Douglas Emmett's current share price is $13.37. Douglas Emmett's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $5.98. Douglas Emmett's Cyclically Adjusted PS Ratio for today is 2.24.

The historical rank and industry rank for Douglas Emmett's Cyclically Adjusted PS Ratio or its related term are showing as below:

DEI' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.86   Med: 6.58   Max: 9.4
Current: 2.22

During the past years, Douglas Emmett's highest Cyclically Adjusted PS Ratio was 9.40. The lowest was 1.86. And the median was 6.58.

DEI's Cyclically Adjusted PS Ratio is ranked better than
78.78% of 490 companies
in the REITs industry
Industry Median: 4.99 vs DEI: 2.22

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Douglas Emmett's adjusted revenue per share data for the three months ended in Dec. 2023 was $1.555. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is $5.98 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Douglas Emmett Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Douglas Emmett's Cyclically Adjusted PS 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.

* Premium members only.

Douglas Emmett Cyclically Adjusted PS Ratio Chart

Douglas Emmett Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.11 6.03 6.46 2.77 2.42

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 PS 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 2.77 2.13 2.13 2.13 2.42

Competitive Comparison of Douglas Emmett's Cyclically Adjusted PS Ratio

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


Douglas Emmett's Cyclically Adjusted PS Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Douglas Emmett's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Douglas Emmett's Cyclically Adjusted PS Ratio falls into.



Douglas Emmett Cyclically Adjusted PS Ratio Calculation

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

Douglas Emmett's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=13.37/5.98
=2.24

* 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 Revenue per Share for the quarter that ended in Dec. 2023 is calculated as:

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

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=1.555/129.4194*129.4194
=1.555

Current CPI (Dec. 2023) = 129.4194.

Douglas Emmett Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 1.014 99.695 1.316
201406 1.024 100.560 1.318
201409 0.997 100.428 1.285
201412 1.014 99.070 1.325
201503 1.033 99.621 1.342
201506 1.068 100.684 1.373
201509 1.062 100.392 1.369
201512 1.059 99.792 1.373
201603 1.113 100.470 1.434
201606 1.225 101.688 1.559
201609 1.252 101.861 1.591
201612 1.261 101.863 1.602
201703 1.266 102.862 1.593
201706 1.280 103.349 1.603
201709 1.261 104.136 1.567
201712 1.233 104.011 1.534
201803 1.251 105.290 1.538
201806 1.292 106.317 1.573
201809 1.314 106.507 1.597
201812 1.330 105.998 1.624
201903 1.317 107.251 1.589
201906 1.336 108.070 1.600
201909 1.358 108.329 1.622
201912 1.391 108.420 1.660
202003 1.433 108.902 1.703
202006 1.185 108.767 1.410
202009 1.237 109.815 1.458
202012 1.228 109.897 1.446
202103 1.233 111.754 1.428
202106 1.282 114.631 1.447
202109 1.358 115.734 1.519
202112 1.361 117.630 1.497
202203 1.360 121.301 1.451
202206 1.405 125.017 1.454
202209 1.443 125.227 1.491
202212 1.446 125.222 1.494
202303 1.436 127.348 1.459
202306 1.497 128.729 1.505
202309 1.532 129.860 1.527
202312 1.555 129.419 1.555

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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 PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


Douglas Emmett Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of Douglas Emmett's Cyclically Adjusted PS Ratio 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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