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DEI (Douglas Emmett) Cyclically Adjusted PB Ratio : 0.88 (As of May. 28, 2025)


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What is Douglas Emmett Cyclically Adjusted PB Ratio?

As of today (2025-05-28), Douglas Emmett's current share price is $14.48. Douglas Emmett's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was $16.40. Douglas Emmett's Cyclically Adjusted PB Ratio for today is 0.88.

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

DEI' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.66   Med: 2.08   Max: 3.01
Current: 0.88

During the past years, Douglas Emmett's highest Cyclically Adjusted PB Ratio was 3.01. The lowest was 0.66. And the median was 2.08.

DEI's Cyclically Adjusted PB Ratio is ranked worse than
54.34% of 519 companies
in the REITs industry
Industry Median: 0.79 vs DEI: 0.88

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 PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Douglas Emmett's adjusted book value per share data for the three months ended in Mar. 2025 was $12.221. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is $16.40 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Douglas Emmett Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Douglas Emmett's Cyclically Adjusted PB 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 PB Ratio Chart

Douglas Emmett Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.95 2.14 0.96 0.89 1.14

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 PB 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 0.84 0.81 1.07 1.14 0.98

Competitive Comparison of Douglas Emmett's Cyclically Adjusted PB Ratio

For the REIT - Office subindustry, Douglas Emmett's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB 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 PB Ratio Distribution in the REITs Industry

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

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


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Douglas Emmett Cyclically Adjusted PB Ratio Calculation

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

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=14.48/16.40
=0.88

* 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 Book per Share for the quarter that ended in Mar. 2025 is calculated as:

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

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=12.221/134.9266*134.9266
=12.221

Current CPI (Mar. 2025) = 134.9266.

Douglas Emmett Quarterly Data

Book Value per Share CPI Adj_Book
201506 13.285 100.684 17.803
201509 13.110 100.392 17.620
201512 13.111 99.792 17.727
201603 12.868 100.470 17.281
201606 12.235 101.688 16.234
201609 12.521 101.861 16.586
201612 12.678 101.863 16.793
201703 12.175 102.862 15.970
201706 13.233 103.349 17.276
201709 14.372 104.136 18.622
201712 14.375 104.011 18.648
201803 14.472 105.290 18.546
201806 14.488 106.317 18.387
201809 14.459 106.507 18.317
201812 14.114 105.998 17.966
201903 13.873 107.251 17.453
201906 14.240 108.070 17.779
201909 13.977 108.329 17.409
201912 15.465 108.420 19.246
202003 14.493 108.902 17.957
202006 14.147 108.767 17.549
202009 13.956 109.815 17.147
202012 13.889 109.897 17.052
202103 13.964 111.754 16.859
202106 13.799 114.631 16.242
202109 13.702 115.734 15.974
202112 13.765 117.630 15.789
202203 14.325 121.301 15.934
202206 14.421 125.017 15.564
202209 14.698 125.227 15.837
202212 14.575 125.222 15.705
202303 14.309 127.348 15.161
202306 14.318 128.729 15.007
202309 14.018 129.860 14.565
202312 13.276 129.419 13.841
202403 13.160 131.776 13.475
202406 12.925 132.554 13.156
202409 12.483 133.029 12.661
202412 12.295 133.157 12.458
202503 12.221 134.927 12.221

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book 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 PB Ratio Explanation

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


Douglas Emmett Cyclically Adjusted PB Ratio Related Terms

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