Douglas Elliman Inc. (NYSE:DOUG) Stock Catapults 27% Though Its Price And Business Still Lag The Industry
Douglas Elliman Inc. (NYSE:DOUG) shares have had a really impressive month, gaining 27% after a shaky period beforehand. The last 30 days bring the annual gain to a very sharp 78%.
In spite of the firm bounce in price, Douglas Elliman’s price-to-sales (or “P/S”) ratio of 0.2x might still make it look like a strong buy right now compared to the wider Real Estate industry in the United States, where around half of the companies have P/S ratios above 3x and even P/S above 10x are quite common. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the highly reduced P/S.
