Douglas Emmett Inc (DEI) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Douglas Emmett Inc stock $4.74, price $10.17, that is 53.4% below the price, quality 45 out of 100. Rating: strongly overvalued. Calculated from audited financials with 12 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
60‑month range $8.37 – $28.00 · fair‑value band $4.74 – $11.34 · the $10.17 price screens above the $4.74 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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Douglas Emmett, Inc. is a fully integrated, self-administered and self-managed real estate investment trust , and one of the largest owners and operators of high-quality office and multifamily properties located in the premier coastal submarkets of Los Angeles and Honolulu.
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Douglas Emmett focuses on owning and acquiring a substantial share of top-tier office properties and premier multifamily communities in neighborhoods that possess significant supply constraints, high-end executive housing and key lifestyle amenities.
Douglas Emmett, Inc. was incorporated in 1971 and is based in Santa Monica, United States.
Stock analysis
Douglas Emmett Inc (DEI) currently trades at $10.17, while our model-based Fair Value estimate is $4.74, 53% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of $10.41 per share, and 2 of the 11 models we run sit above the $10.17 price.
Bear case: the Growth DCF group reads lowest at $0.8600, and 9 of the 11 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $4.74 (bear) to $11.34 (bull), the price of $10.17 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 45/100 (below-average quality), in the Real Estate sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Douglas Emmett Inc reported revenue of $1.0B in FY2025 versus $918M in FY2021, a compound +2.3%/yr. Reported net income was $16.3M in FY2025, compounding −29.3%/yr from FY2021.
Key figures
Market cap $2.1B Mid · P/S ratio 2.06 · EPS (TTM) $−0.1300 · Dividend yield 7.5% · Net margin −2.0% · Return on equity −2.0% · Return on assets (EBIT) 2.1% (5-year average) · Operating margin 18.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 27 out of 100 (medium confidence).
What moves the price
The share trades about 19% below its 52-week high and 17% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −1% fair-value upside, at −53%, DEI screens richer than that median.
Fair Value models
Bear$4.74Fair Value $4.74Bull$11.34
Price $10.17 · Downside -53.4%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
In the last 6 months, no officer or director bought or sold shares on the open market.
BuyJordan L KaplanChairman and CEO, Director98,000 shares at $10.18$997,640Feb 13, 2026
BuyMichele L AronsonEVP, GEN COUNSEL & SECRETARY42,126 shares at $11.69$492,557Nov 17, 2025
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.57/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+1.8%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+0.3%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+2.5%
Start year 2020 (pandemic). Over 10 years: +4.7% a year
Revenue growth 24 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+6.3%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis.
−10.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year−18.2%
Dividend (yield on the price)7.5%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−23.5% vs −12.9%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.61% → 19%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+22.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+2.4%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +19.7% a year for the price and 0.0% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (91 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.REIT - Office · 63 stocks
Beats the industry median on 2/13 measures
Overall it trails its industry peers.
Valuation
Quality Score45 · Below median
Fair Value upside−53.4% · Bottom 25%
Profitability
Return on assets0.5% · Below median
Net margin (12 months)−5.5% · Bottom 25%
Operating margin (12 months)18.2% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)4.1% · Above median
Dividend yield (12 months)7.5% · Above median
Balance sheet
Debt / equity2.91× · Highest 25%
Valuation Multiplesvs REIT - Office median · lower = cheaper
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Is Douglas Emmett Inc (DEI) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of $4.74 versus a price of $10.17, about 53% lower (overvalued).
What is the fair value of DEI?
Our model-based fair value for Douglas Emmett Inc is $4.74 (as of Nov 6, 2026), built from audited fundamentals. The current price: $10.17.
What is the quality score of DEI?
Douglas Emmett Inc has a Quality Score of 45/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Douglas Emmett Inc (DEI)?
Our model-based price target is the fair value of $4.74 (as of Nov 6, 2026) from 12 valuation models. Cautious scenario $4.74, optimistic scenario $11.34. It is a calculation from audited fundamentals, not an analyst target.
What is the Douglas Emmett Inc stock forecast for 2026?
Our models put fair value at $4.74, about 53% lower versus a price of $10.17 (overvalued). Cautious scenario $4.74, optimistic scenario $11.34. The calculation is refreshed regularly with new filings.
What is the revenue of Douglas Emmett Inc (DEI)?
Douglas Emmett Inc reported trailing-twelve-month revenue of about $1.0B (latest available figure, as of Nov 6, 2026).
Does Douglas Emmett Inc pay a dividend?
Douglas Emmett Inc currently shows a dividend yield of 7.47% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of Douglas Emmett Inc (DEI) and when is the ex-dividend date?
Douglas Emmett Inc pays a dividend of $0.76 per share a year, a dividend yield of 7.5%. The last ex-dividend date was Sep 30, 2026. A dividend has been paid every year since at least 2006. Free cash flow covers the dividend 1.53 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into Douglas Emmett Inc (DEI)?
For today's price to be fair in a discounted-cash-flow model, Douglas Emmett Inc would have to grow free cash flow by +22.6 % per year for five years (discount rate 10.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +2.5 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of DEI use?
Our models discount Douglas Emmett Inc at 10.3 %: a base by market capitalisation (mid), damped by beta 1.21, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Douglas Emmett Inc that is +22.6 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.3 %) and the same formula as our fair value.
How much growth has Douglas Emmett Inc (DEI) delivered so far?
Over the past 5 years revenue at Douglas Emmett Inc grew +2.5 % a year. The price currently implies free-cash-flow growth of +22.6 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Douglas Emmett Inc (DEI) growing?
The median revenue growth in the sector is +2.7 % a year. That is the yardstick for the growth priced into Douglas Emmett Inc (+22.6 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Douglas Emmett Inc (DEI)?
The free-cash-flow yield on the price is 11.42 %: that much free cash flow Douglas Emmett Inc produces per unit of market value. When it exceeds the discount rate of our models (10.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Douglas Emmett Inc (DEI)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Douglas Emmett Inc it is $4.74 per share (as of Nov 6, 2026), against a price of $10.17. It is the blended result of 12 valuation models in 6 families (DCF Models, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is Douglas Emmett Inc stock overvalued or undervalued in 2026?
As of Nov 6, 2026, DEI trades above its calculated fair value: price $10.17, fair value $4.74, a gap of about −53% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of DEI?
No. The price is what the market pays today ($10.17); the fair value is what the company's own numbers justify ($4.74). For Douglas Emmett Inc the two are $5.43 per share apart. That gap is exactly why we show both numbers side by side.
How much is Douglas Emmett Inc worth?
The market values Douglas Emmett Inc at about $2.1B (market capitalisation, as of Nov 6, 2026). Per share that is $10.17; our models calculate a fair value of $4.74 per share.
What do the bullish and bearish scenarios say about DEI?
Our models span a range for Douglas Emmett Inc: cautious scenario $4.74, base $4.74, optimistic $11.34 per share (as of Nov 6, 2026, price $10.17). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of DEI?
The PEG ratio of Douglas Emmett Inc is 11.67 (P/E divided by earnings growth, as of Nov 6, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Douglas Emmett Inc (DEI)?
Balance-sheet figures for Douglas Emmett Inc (as of Nov 6, 2026): return on equity −2.0%, debt of 2.91 per unit of equity. They feed the Quality Score of 45/100, which measures business quality independently of the share price.
How far is DEI from its 52-week high?
Douglas Emmett Inc trades at $10.17, about 19% below its 52-week high of $12.50 and 17% above the low of $8.67 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $4.74 is for.
Which stocks are comparable to Douglas Emmett Inc?
From the same area (Real Estate) we also value BXP, Inc, MERLIN Properties SOCIMI, S.A, Alexandria Real Estate Equities, Inc, Vornado Realty Trust, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Douglas Emmett Inc stock attractive at the current price?
The data as of Nov 6, 2026: price $10.17, calculated fair value $4.74 (−53%), Quality Score 45/100, from 12 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of DEI calculated?
We run Douglas Emmett Inc through 12 models from 6 families: DCF Models, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of $4.74 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. Douglas Emmett Inc itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Douglas Emmett Inc (DEI)?
The closing price on Nov 6, 2026 was $10.17. Our model-based fair value is $4.74, about 53% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Douglas Emmett Inc right now?
Weak quality (45/100) and above fair value at the same time, the margin of safety is missing on both counts. A fairly wide model range ($4.74 to $11.34) leaves room in how you read the outcome. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of Douglas Emmett Inc
How large is the market capitalisation of Douglas Emmett Inc (DEI)?
The market capitalisation of Douglas Emmett Inc is $2.1B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Douglas Emmett Inc (DEI)?
The price-to-sales ratio of Douglas Emmett Inc is 2.06 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Douglas Emmett Inc (DEI)?
Earnings per share at Douglas Emmett Inc are $−0.1300. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Douglas Emmett Inc (DEI)?
The dividend yield of Douglas Emmett Inc is 7.5%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Douglas Emmett Inc (DEI)?
The net margin of Douglas Emmett Inc is −2.0% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Douglas Emmett Inc (DEI)?
The return on equity (ROE) of Douglas Emmett Inc is −2.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Douglas Emmett Inc (DEI)?
On an EBIT basis the return on assets of Douglas Emmett Inc is 2.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Douglas Emmett Inc (DEI)?
The operating margin of Douglas Emmett Inc is 18.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Douglas Emmett Inc (DEI)?
Revenue at Douglas Emmett Inc is growing +4.1% versus a year earlier (3y avg +0.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Douglas Emmett Inc (DEI)?
Earnings per share at Douglas Emmett Inc are growing +360% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Douglas Emmett Inc (DEI) carry?
The net debt of Douglas Emmett Inc is $5.2B (fiscal year 2025, ≈ 26.9 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Some data
Nov 6, 2026