Douglas Elliman Inc. (DOUG) Stock

Douglas Elliman Inc. (DOUG) is a Real Estate stock trading at $1.93 (as of 2026-08-20), with a market capitalization of $175.45M and a trailing P/E of 35.6. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Douglas Elliman Inc. provides residential real estate brokerage services in the United States through two segments: Real Estate Brokerage and Corporate and Other. It operates about 100 offices with roughly 6,500 agents across multiple states, serving clients in markets including the New York metropolitan area and parts of Florida, California, and others.

Understand Douglas Elliman Inc.: how it makes money

Douglas Elliman provides residential real estate brokerage and related property technology services, and it makes money from real estate transaction activity, including brokerage revenue and development marketing revenue.

Douglas Elliman's profit engine is connected to closing real estate transactions (tracked by Gross Transaction Value and number of transactions), with additional forward-looking revenue visibility tied to its Development Marketing Pipeline gross transaction value.

Business quality (Weak): Operational metrics show meaningful transaction and pipeline activity, but the latest reported operating margin is negative (operating margin -8.2%), so near-term profitability depends on converting activity into earnings.

Valuation: At 34× earnings, DOUG trades in line with the Real Estate average (34×). Note: one-time items can distort reported P/E.

Bull case

  • Pipeline visibility can be tracked: The Development Marketing Pipeline is reported at 27.2 USD_B, with additional breakdowns such as items on the market (21.5 USD_B).
  • Transaction volume is measurable and sizable: The Real Estate Brokerage segment shows Gross Transaction Value of 10.6 USD_B, and the quarter includes 7,212 transactions.

Bear case

  • Profitability is currently weak: The company reported an operating margin of -8.2% for the latest period (2026-03-31).
  • Some revenue streams appear small in the provided data: Property Management Revenue is 0.02 USD_B, and Other Ancillary Services Revenue is 0.0 USD_B in the provided set, leaving more reliance on brokerage and development marketing-linked activity.
Valuation — source: SEC EDGAR (first-party)
Price$1.93
Market Cap$175.45M
P/E Ratio35.6
EV / EBITDA1.7
Price / Book1.04
Price / Sales0.18
FCF Yield-17.2%
DCF Value (model)$2.08
DCF Upside vs Price7.8%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$1.03B
Net Margin1.5%
Revenue Growth (YoY)-15.4%
EPS Growth (YoY)171.4%
FCF Growth (YoY)194.7%
Financial Health — source: SEC EDGAR
Altman Z-Score2.88 (grey)
Valuation vs Sector & Industry
Stock P/E35.6
Sector P/E (Real Estate)27.1
Industry P/E (Real Estate)29.8
vs Sector31.2%
vs Industry19.5%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($9.99M)
Institutional Holders Tracked10
Company
SectorReal Estate
IndustryReal Estate
CEOMichael S. Liebowitz
Employees783
CountryUS
IPO Date2021-12-30

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DOUG earnings history · DOUG institutional & insider holders · DOUG KPIs & operating metrics · DOUG financials · DOUG investor presentations & press releases · DOUG SEC filings · DOUG peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.