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DEI (Douglas Emmett) Cyclically Adjusted FCF per Share : $1.43 (As of Mar. 2025)


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What is Douglas Emmett Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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 for the three months ended in Mar. 2025 was $0.435. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is $1.43 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Douglas Emmett's average Cyclically Adjusted FCF Growth Rate was -0.70% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 3.50% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 2.30% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Douglas Emmett was 4.70% per year. The lowest was -3.80% per year. And the median was 0.40% per year.

As of today (2025-06-16), Douglas Emmett's current stock price is $14.93. Douglas Emmett's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was $1.43. Douglas Emmett's Cyclically Adjusted Price-to-FCF of today is 10.44.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Douglas Emmett was 34.08. The lowest was 7.59. And the median was 24.93.


Douglas Emmett Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Douglas Emmett's Cyclically Adjusted FCF per Share 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 FCF per Share Chart

Douglas Emmett Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.23 1.27 1.39 1.41 1.41

Douglas Emmett Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted FCF per Share 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 1.44 1.45 1.44 1.41 1.43

Competitive Comparison of Douglas Emmett's Cyclically Adjusted FCF per Share

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.


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Douglas Emmett Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

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. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Douglas Emmett's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=0.435/134.9266*134.9266
=0.435

Current CPI (Mar. 2025) = 134.9266.

Douglas Emmett Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 0.298 100.684 0.399
201509 0.356 100.392 0.478
201512 0.277 99.792 0.375
201603 0.481 100.470 0.646
201606 0.345 101.688 0.458
201609 0.415 101.861 0.550
201612 0.199 101.863 0.264
201703 0.471 102.862 0.618
201706 0.328 103.349 0.428
201709 0.380 104.136 0.492
201712 0.265 104.011 0.344
201803 0.480 105.290 0.615
201806 0.206 106.317 0.261
201809 0.301 106.507 0.381
201812 0.106 105.998 0.135
201903 0.402 107.251 0.506
201906 0.264 108.070 0.330
201909 0.412 108.329 0.513
201912 0.259 108.420 0.322
202003 0.542 108.902 0.672
202006 0.079 108.767 0.098
202009 0.275 109.815 0.338
202012 -0.197 109.897 -0.242
202103 0.260 111.754 0.314
202106 0.095 114.631 0.112
202109 0.236 115.734 0.275
202112 0.287 117.630 0.329
202203 0.514 121.301 0.572
202206 0.278 125.017 0.300
202209 0.400 125.227 0.431
202212 0.281 125.222 0.303
202303 0.532 127.348 0.564
202306 0.160 128.729 0.168
202309 0.177 129.860 0.184
202312 0.277 129.419 0.289
202403 0.485 131.776 0.497
202406 0.252 132.554 0.257
202409 0.337 133.029 0.342
202412 -0.063 133.157 -0.064
202503 0.435 134.927 0.435

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


Douglas Emmett  (NYSE:DEI) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

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 Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=14.93/1.43
=10.44

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Douglas Emmett was 34.08. The lowest was 7.59. And the median was 24.93.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Douglas Emmett Cyclically Adjusted FCF per Share Related Terms

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


Douglas Emmett Business Description

Industry
Traded in Other Exchanges
Address
1299 Ocean Avenue, Suite 1000, Santa Monica, CA, USA, 90401
Douglas Emmett Inc is an integrated, self-administered, and self-managed REIT. It is an owner and operator of office and multifamily properties located in coastal submarkets in Los Angeles and Honolulu. The group focuses on owning, acquiring, developing, and managing a substantial market share of office properties and multifamily communities in neighborhoods with supply constraints, high-end executive housing, and key lifestyle amenities. Its properties are located in the Beverly Hills, Brentwood, Burbank, Century City, Olympic Corridor, Santa Monica, Sherman Oaks/Encino, Warner Center/Woodland Hills and Westwood submarkets of Los Angeles County, California, and in Honolulu, Hawaii. It has two business segments, the office segment and the multifamily segment.
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