Is Douglas Emmett, Inc. overvalued or undervalued?

As of 6 May 2025, Douglas Emmett, Inc. has moved from a fair to very attractive valuation grade. The company appears to be undervalued based on its current metrics. Key ratios include a P/E ratio of 56, an EV to EBITDA of 4.54, and a PEG ratio of 0.28, which suggests that the stock is priced favorably relative to its growth potential.
In comparison to peers, Douglas Emmett's P/E ratio is significantly lower than SL Green Realty Corp., which has a P/E of 428.69, and also lower than Tanger, Inc. at 35.60. Meanwhile, Highwoods Properties, Inc. shows a more attractive P/E of 17.10, indicating that Douglas Emmett may have room for growth and value appreciation. Despite a recent underperformance compared to the S&P 500, with a year-to-date return of -19.40% versus the index's 2.44%, the company's strong valuation metrics suggest it is positioned well for future recovery.