Douglas Emmett
Financial ratios & Valuation

Forward Multiples (2025 – 2026)

20252026
Price/Earnings ratio
-28.75-38.93
Price/Sales ratio
2.682.56
Earnings per Share (EPS)
$-0.52$-0.38

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
91.6678.0163.9169.9549.94-76.95-48.17-69.40-51.37-57.58-190.05-76.95
Price/Sales ratio
6.827.167.358.136.578.125.746.402.772.403.278.12
Price/Book Value ratio
2.102.362.842.712.412.802.092.431.071.101.492.80
Price/Cash Flow ratio
16.5716.7816.0816.4013.3916.2012.1713.155.545.757.2616.20
Price/Free Cash Flow ratio
25.8823.7024.8228.5531.2632.8741.7338.2010.6410.3412.4732.87
Price/Earnings Growth ratio
-29.332.681.5039.872.890.41-6.863.251.453.57-13.770.41
Dividend Yield
2.81%2.68%2.39%2.21%2.92%2.36%3.83%3.34%7.14%5.28%3.05%2.92%
Profitability Indicator Ratios
Gross Profit Margin
66.33%66.90%67.96%68.22%68.13%68.16%65.74%66.96%66.40%19.49%28.57%68.16%
Operating Profit Margin
27.99%29.81%29.73%29.68%28.58%59.99%19.63%22.17%24.83%14.66%14.85%59.99%
Pretax Profit Margin
8.81%10.81%12.94%12.85%14.59%44.70%4.32%6.11%9.71%-7.43%-4.28%44.70%
Net Profit Margin
7.44%9.18%11.50%11.63%13.17%-10.55%-11.91%-9.22%-5.39%-4.18%-1.72%-1.72%
Effective Tax Rate
15.57%15.08%11.12%9.56%9.73%123.61%375.52%250.90%155.56%N/A46.97%9.73%
Return on Assets
0.74%0.96%1.12%1.13%1.40%-1.05%-1.14%-0.90%-0.55%-0.44%-0.17%-0.17%
Return On Equity
2.29%3.03%4.44%3.87%4.83%-3.64%-4.35%-3.50%-2.09%-1.92%-0.75%-0.75%
Return on Capital Employed
2.85%3.17%2.94%2.95%3.11%6.12%1.93%2.22%2.57%1.65%1.52%6.12%
Liquidity Ratios
Current Ratio
1.542.772.562.481.000.420.76N/AN/AN/A3.401.00
Quick Ratio
1.232.951.952.011.621.751.582.463.791.233.401.62
Cash ratio
0.221.131.021.200.830.850.891.721.540.902.800.83
Days of Sales Outstanding
46.9646.9246.8548.9953.5154.6555.0350.9844.7643.4244.7754.65
Days of Inventory outstanding
-15.91-142.09-10.58-13.23-10.33-27.39N/A-18.61-295.4760.79N/A-10.33
Operating Cycle
31.04-95.1636.2735.7543.1727.2655.0332.36-250.71104.2244.7743.17
Days of Payables Outstanding
40.1341.1356.5988.7497.6181.3297.51100.0387.7327.4453.2181.32
Cash Conversion Cycle
-9.09-136.30-20.32-52.99-54.43-54.06-42.47-67.66-338.4576.78-8.44-54.43
Debt Ratios
Debt Ratio
0.570.590.570.490.500.490.510.530.530.570.580.50
Debt Equity Ratio
1.751.872.271.681.721.721.942.072.022.492.631.72
Long-term Debt to Capitalization
0.630.650.690.620.620.630.660.670.660.690.720.62
Total Debt to Capitalization
0.630.650.690.620.630.630.660.670.660.710.720.63
Interest Coverage Ratio
1.301.391.511.661.881.691.12N/AN/AN/A0.531.69
Cash Flow to Debt Ratio
0.070.070.070.090.100.100.080.080.090.070.070.10
Company Equity Multiplier
3.063.143.963.403.433.443.793.873.804.344.523.43
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.410.420.450.490.490.500.470.480.500.410.450.50
Free Cash Flow / Operating Cash Flow Ratio
0.640.700.640.570.420.490.290.340.520.550.580.42
Cash Flow Coverage Ratio
0.070.070.070.090.100.100.080.080.090.070.070.10
Short Term Coverage Ratio
N/AN/AN/A499.002.978.59533.94543.07576.431.06N/A8.59
Dividend Payout Ratio
257.81%209.83%153.19%154.61%146.29%-181.67%-184.83%-232.02%-366.86%-304.16%-774.25%-181.67%