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Graham Number is a figure that measures a stock's fundamental value by taking into account the company's earnings per share and book value per share. The Graham number is the upper bound of the price range that a defensive investor should pay for the stock. According to the theory, any stock price below the Graham number is considered undervalued, and thus worth investing in.
As of today (2026-08-17), the stock price of Douglas Emmett is €10.00. Douglas Emmett's graham number for the quarter that ended in Jun. 2026 was €N/A. Therefore, Douglas Emmett's Price to Graham Number ratio for today is N/A.
The historical rank and industry rank for Douglas Emmett's Graham Number or its related term are showing as below:
During the past 13 years, the highest Price to Graham Number ratio of Douglas Emmett was 4.07. The lowest was 0.96. And the median was 2.76.
FRA:D8K's Price-to-Graham-Number is not ranked *
in the REITs industry.
Industry Median: 0.73 * Ranked among companies with meaningful Price-to-Graham-Number only.
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Douglas Emmett (FRA:D8K) Graham Number Explanation
Ben Graham actually did not publish a formula like this. But he wrote in The Intelligent Investor (1948 version) regarding to the criteria for purchases:
Current price should not be more than 15 times average earnings of the past three years.
Current price should not be more than 1.5 times the book value last reported. However, a multiplier of earnings below 15 could justify a correspondingly higher multiplier of assets. As a rule of thumb we suggest that the product of the multiplier times the ratio of price to book value should not exceed 22.5. (This figure corresponds to 15 times earnings and 1.5 times book value. It would admit an issue selling at only 9 times earnings and 2.5 times asset value, etc.)
Unlike valuation methods such as DCF or Discounted Earnings, the Graham number does not take growth into the valuation. Unlike the valuation methods based on book value alone, it takes into account the earnings power. Therefore, the Graham Number is a combination of asset valuation and earnings power valuation.
In general, the Graham number is a very conservative way of valuing a stock. It cannot be applied to companies with negative book values.
Douglas Emmett's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Jun. 2026 )
=
10.00
/
N/A
=
N/A
* 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.
Be Aware
Please keep these in mind:
1. Graham Number does not take growth into account. Therefore it underestimates the values of the companies that have good earnings growth. We feel that if the earnings per share grows more than 10% a year, Graham Number underestimates the value.
2. Graham Number punishes the companies that have temporarily low earnings. Therefore, an average of earnings makes more sense in the calculation of Graham Number.
3. Graham Numbers underestimates companies that are light with book.
Douglas Emmett Graham Number Related Terms
Douglas Emmett Graham Number Historical Data
* Premium members only.
The historical data trend for Douglas Emmett's Graham Number 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.
FRA:D8K vs ESBA, PDM, DEA: Graham Number Comparison
For the REIT - Office subindustry, Douglas Emmett's Price-to-Graham-Number, along with its competitors' market caps and Price-to-Graham-Number 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 Price-to-Graham-Number vs REITs Industry
For the REITs industry and Real Estate sector, Douglas Emmett's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Douglas Emmett's Price-to-Graham-Number falls into.
* 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 (FRA:D8K) has a Graham Number of €N/A as of Jun. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Douglas Emmett and its competitors. Over the past decade, Douglas Emmett's Graham Number has ranged from 0.96 to 4.07. According to the industry distribution chart, Douglas Emmett ranks #999999 out of 732 companies in the REITs industry.
Is Douglas Emmett's Graham Number too high?
Douglas Emmett's current Graham Number is €N/A. Over the past 10 years, this metric has ranged from a low of 0.96 to a high of 4.07. Based on the distribution chart, Douglas Emmett ranks #999999 out of 732 companies in the REITs industry, which is in the bottom quartile relative to peers. 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 Graham Number compare to ESBA and PDM?
According to the REITs industry distribution chart, Douglas Emmett ranks #999999 out of 732 companies for Graham Number. This places Douglas Emmett in the lower half of its industry. The industry median Graham Number is 0.73. Historically, Douglas Emmett's own Graham Number has ranged from 0.96 to 4.07 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Graham Number for a REITs company?
The median Graham Number among REITs companies is 0.73, based on 732 companies in the industry. Companies in the top quartile (top 25%) have a Graham Number significantly above this median, while those in the bottom quartile fall well below. However, Graham Number should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Graham Number mean?
A high Graham Number can signal that a stock is expensive relative to its fundamentals. The Graham Number values a company based on its per-share earnings and book value. View historical data on Douglas Emmett and its competitors. For the REITs industry, the median Graham Number is 0.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Douglas Emmett's current Graham Number is €N/A. 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 Graham Number of €N/A. 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 Graham Number is €N/A. 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 Graham Number calculated?
Graham Number is calculated from a company's financial statements. For Douglas Emmett (FRA:D8K), the current Graham Number is €N/A 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:
Graham Number: €N/A
GF Value™: €11.90 vs. price of €10.00 (16% below fair value)
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 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
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Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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