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Douglas Emmett (FRA:D8K) Cyclically Adjusted Revenue per Share : €5.50 (As of Mar. 2024)


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What is Douglas Emmett Cyclically Adjusted Revenue per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

Douglas Emmett's adjusted revenue per share for the three months ended in Mar. 2024 was €1.347. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is €5.50 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Douglas Emmett's average Cyclically Adjusted Revenue Growth Rate was 5.40% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 7.30% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 5.10% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Douglas Emmett was 7.30% per year. The lowest was 0.90% per year. And the median was 1.40% per year.

As of today (2024-06-08), Douglas Emmett's current stock price is €12.50. Douglas Emmett's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €5.50. Douglas Emmett's Cyclically Adjusted PS Ratio of today is 2.27.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Douglas Emmett was 9.40. The lowest was 1.86. And the median was 6.57.


Douglas Emmett Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Douglas Emmett's Cyclically Adjusted Revenue per Share 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.

* Premium members only.

Douglas Emmett Cyclically Adjusted Revenue per Share Chart

Douglas Emmett Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.24 3.85 4.55 5.31 5.49

Douglas Emmett Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Revenue per Share 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 5.17 5.44 5.58 5.49 5.50

Competitive Comparison of Douglas Emmett's Cyclically Adjusted Revenue per Share

For the REIT - Office subindustry, Douglas Emmett's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio 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's Cyclically Adjusted PS Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Douglas Emmett's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Douglas Emmett's Cyclically Adjusted PS Ratio falls into.



Douglas Emmett Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Douglas Emmett's adjusted Revenue per Share data for the three months ended in Mar. 2024 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=1.347/131.7762*131.7762
=1.347

Current CPI (Mar. 2024) = 131.7762.

Douglas Emmett Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.753 100.560 0.987
201409 0.773 100.428 1.014
201412 0.823 99.070 1.095
201503 0.955 99.621 1.263
201506 0.951 100.684 1.245
201509 0.946 100.392 1.242
201512 0.972 99.792 1.284
201603 1.000 100.470 1.312
201606 1.090 101.688 1.413
201609 1.116 101.861 1.444
201612 1.196 101.863 1.547
201703 1.183 102.862 1.516
201706 1.139 103.349 1.452
201709 1.058 104.136 1.339
201712 1.042 104.011 1.320
201803 1.015 105.290 1.270
201806 1.106 106.317 1.371
201809 1.126 106.507 1.393
201812 1.169 105.998 1.453
201903 1.166 107.251 1.433
201906 1.183 108.070 1.443
201909 1.233 108.329 1.500
201912 1.252 108.420 1.522
202003 1.297 108.902 1.569
202006 1.052 108.767 1.275
202009 1.050 109.815 1.260
202012 1.009 109.897 1.210
202103 1.035 111.754 1.220
202106 1.064 114.631 1.223
202109 1.154 115.734 1.314
202112 1.204 117.630 1.349
202203 1.235 121.301 1.342
202206 1.329 125.017 1.401
202209 1.457 125.227 1.533
202212 1.365 125.222 1.436
202303 1.341 127.348 1.388
202306 1.382 128.729 1.415
202309 1.435 129.860 1.456
202312 1.426 129.419 1.452
202403 1.347 131.776 1.347

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.


Douglas Emmett  (FRA:D8K) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Douglas Emmett's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=12.50/5.5
=2.27

* 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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Douglas Emmett was 9.40. The lowest was 1.86. And the median was 6.57.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Douglas Emmett Cyclically Adjusted Revenue per Share Related Terms

Thank you for viewing the detailed overview of Douglas Emmett's Cyclically Adjusted Revenue per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Douglas Emmett (FRA:D8K) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Douglas Emmett Inc (FRA:D8K) » Definitions » Cyclically Adjusted Revenue per Share
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Address
1299 Ocean Avenue, Suite 1000, Santa Monica, CA, USA, 90401
Douglas Emmett Inc is a real estate investment trust that acquires, develops, and manages office and multifamily properties in Los Angeles, California and Honolulu, Hawaii in the U.S. The company focuses on owning assets in communities with large supply constraints, such as the affluent neighborhoods of Los Angeles. The vast majority of Douglas Emmett's real estate portfolio is comprised of office buildings in Los Angeles. Most of these assets are located in the areas of Sherman Oaks, Woodland Hills, and Beverly Hills in terms of total square feet. Douglas Emmett derives nearly all of its income in the form of rental revenue from tenants. The vast majority of this also comes from its Los Angeles office buildings. The company's major tenants are legal, financial, and entertainment firms.

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