Douglas Emmett (FRA:D8K) Debt-to-EBITDA : 9.39 (As of Jun. 2026) — 11% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:D8K Douglas Emmett Inc FRA:D8K
75 GF Score
Price €10.00
GF Value €11.90
! 8 Warning Signs
View Full Analysis

What is Douglas Emmett Debt-to-EBITDA?

Douglas Emmett FRA:D8K -1.96% 75 Debt-to-EBITDA is 9.39 as of Jun. 2026, which is 11% above its 10-year median of 8.45. GuruFocus rates FRA:D8K with a GF Score™ of 75/100 and a GF Value™ of €11.90. The stock has 8 warning signs investors should review. Among 574 REITs companies, Douglas Emmett ranks worse than 71.6% on this metric.

Debt-to-EBITDA measures a company's ability to pay off its debt.

Douglas Emmett's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was €0.0 Mil. Douglas Emmett's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was €4,976.6 Mil. Douglas Emmett's annualized EBITDA for the quarter that ended in Jun. 2026 was €529.9 Mil. Douglas Emmett's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 was 9.39.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The historical rank and industry rank for Douglas Emmett's Debt-to-EBITDA or its related term are showing as below:

FRA:D8K' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 5.03   Med: 8.45   Max: 9.53
Current: 9.53

During the past 13 years, the highest Debt-to-EBITDA Ratio of Douglas Emmett was 9.53. The lowest was 5.03. And the median was 8.45.

FRA:D8K's Debt-to-EBITDA is ranked worse than
71.6% of 574 companies
in the REITs industry
Industry Median: 6.55 vs FRA:D8K: 9.53

Douglas Emmett  (FRA:D8K) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.


Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.


Douglas Emmett Debt-to-EBITDA Related Terms


Douglas Emmett Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Douglas Emmett's Debt-to-EBITDA 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.

Douglas Emmett Debt-to-EBITDA Chart

Douglas Emmett Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.74 8.40 9.36 8.87 8.50

Douglas Emmett Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Debt-to-EBITDA 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 9.17 9.12 9.46 9.34 9.39

FRA:D8K vs ESBA, PDM, DEA: Debt-to-EBITDA Comparison

For the REIT - Office subindustry, Douglas Emmett's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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 Debt-to-EBITDA vs REITs Industry

For the REITs industry and Real Estate sector, Douglas Emmett's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Douglas Emmett's Debt-to-EBITDA falls into.


FRA:D8K
75GF Score
Douglas Emmett Inc FRA:D8K
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Douglas Emmett Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

Douglas Emmett's Debt-to-EBITDA for the fiscal year that ended in Dec. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(0 + 4747.965) / 558.667
=8.50

Douglas Emmett's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(0 + 4976.561) / 529.864
=9.39

* 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.

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Jun. 2026) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 9.39 mean?
Douglas Emmett (FRA:D8K) has a Debt-to-EBITDA of 9.39 as of Jun. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Douglas Emmett. This is 11% above median its historical median of 8.45. Over the past decade, Douglas Emmett's Debt-to-EBITDA has ranged from 5.03 to 9.53. According to the industry distribution chart, Douglas Emmett ranks #411 out of 574 companies in the REITs industry, placing it in the top 71.6%.
Is Douglas Emmett's Debt-to-EBITDA too high?
Douglas Emmett's current Debt-to-EBITDA of 9.39 is 11% above median its 10-year median of 8.45. Over the past 10 years, this metric has ranged from a low of 5.03 to a high of 9.53. The REITs industry median Debt-to-EBITDA is 6.55. Douglas Emmett's value of 9.39 is 43.4% above this industry median. Based on the distribution chart, Douglas Emmett ranks #411 out of 574 companies in the REITs industry, which is below the industry midpoint. Overall, Douglas Emmett has a GF Score™ of 75/100, reflecting its overall financial health beyond just this single metric.
How does Douglas Emmett's Debt-to-EBITDA compare to ESBA and PDM?
According to the REITs industry distribution chart, Douglas Emmett ranks #411 out of 574 companies for Debt-to-EBITDA. This places Douglas Emmett in the lower half of its industry. The industry median Debt-to-EBITDA is 6.55. Douglas Emmett's value of 9.39 is 43.4% above this benchmark. Historically, Douglas Emmett's own Debt-to-EBITDA has ranged from 5.03 to 9.53 over the past decade. While the company's 10-year median is 8.45 vs. the industry median of 6.55, Douglas Emmett has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for a REITs company?
The median Debt-to-EBITDA among REITs companies is 6.55, based on 574 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Douglas Emmett's current Debt-to-EBITDA of 9.39 is 43.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Douglas Emmett. For the REITs industry, the median Debt-to-EBITDA is 6.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Douglas Emmett's current Debt-to-EBITDA is 9.39, which is 11% above median its own 10-year median of 8.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Douglas Emmett stock overvalued right now?
Douglas Emmett (FRA:D8K) has a current Debt-to-EBITDA of 9.39. The stock's GF Value™ is €11.90, compared to a current price of €10.00 — trading 16% below its estimated fair value. The current Debt-to-EBITDA is 9.39, which is 11% above median its 10-year median of 8.45 and 43.4% above the REITs industry median of 6.55. Douglas Emmett's overall GF Score™ is 75/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For Douglas Emmett (FRA:D8K), the current Debt-to-EBITDA is 9.39 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Douglas Emmett (FRA:D8K) Overvalued in 2026?

Based on GuruFocus' analysis, Douglas Emmett stock appears to be undervalued. The current stock price of €10.00 is trading 16% below its estimated GF Value™ of €11.90.

Key valuation signals for FRA:D8K:

  • Debt-to-EBITDA: 9.39 (11% above median its 10-year median of 8.45)
  • GF Value™: €11.90 vs. price of €10.00 (16% below fair value)
  • GF Score™: 75/100 with 8 warning signs
  • Industry Position: 43.4% above the REITs median (#411 of 574)

No single metric tells the full story. See the FRA:D8K stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Douglas Emmett Business Description

Industry Real EstateREITs
Other Exchanges DEI:USA
Address 1299 Ocean Avenue, Suite 1000, Santa Monica, CA, USA, 90401
Douglas Emmett Inc is an integrated, self-administered, and self-managed REIT. 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 multifamily segment, of which Office segment derives maximum revenue.
75GF Score

Get the complete analysis for FRA:D8K

Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€10.00
Price
€11.90
GF Value