Douglas Emmett Inc. (DEI) intrinsic value & 10-year financials
Douglas Emmett Inc. (DEI) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue grew 30.9% a year to $1.0B, with an average return on invested capital of 1.3%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $9.76
- Market cap
- $1.6B
- Revenue (FY2025)
- $1.0B
- Revenue growth (10-yr CAGR)
- 30.9%
- ROIC (10-yr avg)
- 1.3%
- Free cash flow (FY2025)
- —
DEI 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $1.0B | $16.3M | $0.09 | — | — | 0.2% |
| FY2024 | $986.5M | $23.5M | $0.13 | — | — | 0.3% |
| FY2023 | $1.0B | -$42.7M | -$0.26 | — | — | -0.6% |
| FY2022 | $84.9M | $97.1M | $0.55 | — | — | 1.3% |
| FY2021 | $69.0M | $65.3M | $0.37 | — | — | 0.9% |
| FY2020 | $76.1M | $50.4M | $0.28 | — | — | 0.7% |
| FY2019 | $108.7M | $363.7M | $2.09 | — | 223.3% | 5.4% |
| FY2018 | $102.5M | $116.1M | $0.68 | — | 245.8% | 1.8% |
| FY2017 | $96.2M | $94.4M | $0.58 | — | 250.5% | 1.5% |
| FY2016 | $88.8M | $85.4M | $0.55 | — | 248.7% | 1.4% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Douglas Emmett Inc is a consistent compounder, expanding top-line revenue at 30.9% annually over the past decade.
Douglas Emmett Inc has historically struggled to out-earn its cost of capital, averaging just 1.3% ROIC.
Douglas Emmett Inc has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Douglas Emmett Inc is modeled at -18.3% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-2.18 per share.