Latest Ratios: P/E Ratio 5.7x · EV/EBITDA N/A · ROE 8.8%. (2019–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Market Cap | $142M | $212M | $140M | $243M | $286M | $934M | — | — |
| Enterprise Value | $129M | $200M | $161M | $256M | $265M | $887M | — | — |
| P/E Ratio → | 5.72 | 13.94 | — | — | — | 9.05 | — | — |
| P/S Ratio | 0.14 | 0.21 | 0.14 | 0.25 | 0.25 | 0.69 | — | — |
| P/B Ratio | 0.76 | 1.16 | 0.86 | 1.04 | 1.06 | 3.31 | — | — |
| P/FCF | — | — | — | — | — | 7.55 | — | — |
| P/OCF | — | — | — | — | — | 7.30 | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.19 | 0.16 | 0.27 | 0.23 | 0.66 | — | — |
| EV / EBITDA | — | — | — | — | 76.43 | 8.02 | — | — |
| EV / EBIT | — | 8.70 | — | — | 1052.69 | 8.80 | — | — |
| EV / FCF | — | — | — | — | — | 7.17 | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 16.8% | 16.8% | 25.3% | 100.0% | 27.4% | 27.2% | 100.0% | 33.0% |
| Operating Margin | -5.9% | -5.9% | -6.9% | -6.7% | -0.4% | 7.5% | -6.4% | -0.4% |
| Net Profit Margin | 1.5% | 1.5% | -7.7% | -4.5% | -0.5% | 7.3% | -6.0% | 1.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| ROE | 8.8% | 8.8% | -38.5% | -16.9% | -2.0% | 44.4% | -25.2% | 4.1% |
| ROA | 3.2% | 3.2% | -15.5% | -8.2% | -1.0% | 18.8% | -9.8% | 1.7% |
| ROIC | -25.8% | -25.8% | -24.0% | -19.5% | -1.4% | 30.8% | -12.6% | -0.8% |
| ROCE | -16.3% | -16.3% | -17.3% | -15.1% | -1.0% | 25.0% | -13.0% | -0.9% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.56 | 0.56 | 0.96 | 0.57 | 0.53 | 0.58 | 1.18 | 0.94 |
| Debt / EBITDA | — | — | — | — | 41.15 | 1.49 | — | 37.15 |
| Net Debt / Equity | — | -0.07 | 0.13 | 0.06 | -0.08 | -0.17 | 0.60 | 0.59 |
| Net Debt / EBITDA | — | — | — | — | -6.06 | -0.42 | — | 23.29 |
| Debt / FCF | — | — | — | — | — | -0.38 | 3.81 | — |
| Interest Coverage | 4.53 | 4.53 | -24.82 | — | 1.70 | — | — | — |
Net cash position: cash ($116M) exceeds total debt ($103M)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.63 | 1.63 | 2.13 | 1.86 | 2.50 | 2.12 | 1.49 | 1.41 |
| Quick Ratio | 1.63 | 1.63 | 2.13 | 1.86 | 2.50 | 2.00 | 1.38 | 1.41 |
| Cash Ratio | 1.17 | 1.17 | 1.58 | 1.23 | 1.82 | 1.60 | 0.95 | 0.86 |
| Asset Turnover | — | 2.32 | 2.02 | 1.94 | 2.10 | 2.27 | 1.70 | 1.60 |
| Inventory Turnover | — | — | — | — | — | 64.26 | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | 1.7% | 5.7% | 3.4% | — | — |
| Payout Ratio | — | — | — | — | — | 31.8% | — | 221.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 17.5% | 7.2% | — | — | — | 11.1% | — | — |
| FCF Yield | — | — | — | — | — | 13.3% | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.9% | 0.8% | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.9% | 2.6% | 5.7% | 3.4% | — | — |
| Shares Outstanding | — | $90M | $84M | $82M | $74M | $85M | $85M | $82M |
Includes 30+ ratios · 7 years · Updated daily
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10-year return with dividends reinvested.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying DOUG stock.
Douglas Elliman Inc.'s current P/E ratio is 5.7x. The historical average is 11.5x.
Douglas Elliman Inc.'s return on equity (ROE) is 8.8%. The historical average is -3.6%.
Based on historical data, Douglas Elliman Inc. is trading at a P/E of 5.7x. Compare with industry peers and growth rates for a complete picture.
Douglas Elliman Inc. has 16.8% gross margin and -5.9% operating margin.
Key Metrics
Top Statement Risk
Volatile earnings and FFO base
Metrics are mathematically derived from official filings.
Deep Discount Masks Unresolved Earnings Quality
Based on reported figures, DOUG trades at 0.76 times book and 0.14 times sales with a P/E of 9.18, yet P/FFO of 1.83 to 2.37 across recent quarters reflects FFO volatility rather than a clean earnings base for valuation.
The low price-to-book and price-to-sales multiples suggest the market is pricing DOUG below the accounting value of its equity, which may signal skepticism about the durability of recent earnings. The P/E of 9.18 appears low only because trailing net income is distorted by quarters of negative earnings and a large positive FFO outlier in 2025Q4, so investors should monitor whether the multiple reflects normalized economics. P/FFO and P/AFFO cannot be reliably anchored given that FFO per share swings between negative and positive values, and the implied valuation warrants further investigation before drawing conclusions.
Volatile NOI Margins Obscure Operating Trend
As reported in the ratio series, DOUG's NOI margin ranged from 24.2 percent to 26.4 percent in most quarters before a 93.3 percent spike in 2025Q3 and an -83.6 percent reading in 2025Q4, while the latest margin of 13.2 percent in 2026Q2 sits well below the earlier run-rate.
The apparent step-down in NOI margin to 13.2 percent in the most recent quarter, compared with a mid-20s range through 2025Q2, may indicate a genuine compression in property-level or brokerage profitability rather than a timing effect. The extreme outliers in 2025Q3 and 2025Q4 appear inconsistent with normal operations and likely reflect non-recurring items, so they should not be used to infer a trend. Return on equity remained negative in most quarters, reinforcing that the earnings base has not yet demonstrated sustained profitability.
No Dividend Coverage Under Negative AFFO
Based on reported figures, DOUG paid no dividends in any of the ten quarters and reported negative AFFO per share in most periods, so the FFO payout ratio is not meaningful and dividend safety cannot be assessed from the supplied data.
With dividends reported as zero throughout the series and AFFO negative in the majority of quarters, the conventional payout-ratio framework yields no usable signal. Retained cash flow is therefore effectively the entirety of distributable cash, though its quality is uneven given the FFO and operating cash flow divergence. Investors should treat any future distribution policy as an open question that depends on sustained positive AFFO, which the historical record does not yet show.
Debt Reduction Offsets Shrinking Equity Base
According to the reported balance sheet, total debt fell from $156.3M in 2024Q4 to $98.5M in 2026Q2 while debt-to-equity sits at 0.59, though interest coverage is deeply negative in most quarters and cannot support a conventional coverage assessment.
The reduction in total debt suggests management has been deleveraging, which lowers refinancing exposure, yet a debt-to-equity ratio near 0.59 remains meaningful when equity has eroded from $196.9M to $167.0M. Negative interest coverage across most quarters indicates that operating earnings did not cover interest expense in those periods, so the debt reduction appears to be the primary balance-sheet lever rather than earnings-based service capacity. Fixed-rate exposure and maturity profile are not disclosed in the supplied data, so refinancing risk cannot be fully characterized.
Standard P/E Misreads Distorted Earnings Base
The most commonly misapplied metric here is trailing P/E, which at 9.18 appears inexpensive, but it is distorted by a 2025Q4 positive FFO outlier of $70.6M against a -$205.3M NOI, obscuring the recurring negative earnings power evident across most quarters.
Applying standard P/E to DOUG suggests a discount that may not hold, because net income swings sharply between quarters and is not representative of normalized profitability. An adjusted approach should rely on multi-quarter averages of FFO and AFFO, excluding the 2025Q3 and 2025Q4 outliers that appear inconsistent with normal operations. Investors should also consider price-to-book alongside a normalized earnings measure, since book value is the more stable anchor given the volatile income series.