Valuation dashboard for Dynex Capital, Inc. (DX) with P/E 51.57, P/B 0.89, EV/EBITDA 43.81 and dividend yield 18.84%. DCF, Graham Number, EPS growth, peer multiples and dividend discount models plus sector comparison against other Real Estate companies.
Dynex Capital, Inc. operates as a mortgage real estate investment trust (mREIT), primarily engaging in the leveraged acquisition of various mortgage-backed securities (MBS) within the United States. Its investment portfolio includes both agency and non-agency MBS. Agency MBS are distinguished by a principal payment guarantee from a U.S. government entity or a government-sponsored enterprise (GSE), such as Fannie Mae or Freddie Mac.
Analysis Summary
Dynex Capital, Inc. reported revenue of $533.5M in the most recent fiscal year, growing at a 5-year CAGR of 18.1%. Net income reached $319.1M, with a 12.4% 5-year CAGR.
Trailing-twelve-month margins: gross margin 58.9%, operating margin 67.5%, net margin -4.7%.
At $10.83 (closing price, October 28, 2026), DX trades at a P/E of 51.57 and an ROE of -1.74%. Market capitalisation stands at $2.7B.
Balance sheet quality for DX: current ratio of 0.0. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.
Valuation Ratios
| P/E Ratio | 51.57 |
| Price / Book | 0.89 |
| EV / EBITDA | 43.81 |
| Dividend Yield | 18.84% |
Valuation Models
| DCF Fair Value | $-68.60 |
| vs Current Price | -733.4% |
Peer Comparison
| Symbol | Company | Market Cap | P/E | P/B | ROE |
|---|---|---|---|---|---|
| DX | Dynex Capital, Inc. | $2.7B | 51.57 | 0.89 | -1.7% |
| ADC | Agree Realty Corporation | $8.2B | 34.13 | 1.19 | 3.7% |
| RCB | Ready Capital Corporation | $61.3B | 3.36 | -37.6% | |
| NLY | Annaly Capital Management, Inc. | $13.8B | 12.70 | 0.88 | 7.0% |
| AGNC | AGNC Investment Corp. | $10.5B | 126.29 | 0.92 | 0.5% |
| 0H6E.L | AGNC Investment Corp. | $10.4B | 126.29 | 0.92 | 0.5% |
| STWD | Starwood Property Trust, Inc. | $4.5B | 17.97 | 0.68 | 3.4% |
| RWTN | Redwood Trust, Inc. 9.125% Seni | $2.9B | 0.44 | 0.6% |
Price
| Price | $10.83 (closing price, October 28, 2026) |
| Market Cap | $2.7B |
| Exchange | NYSE |
| Country | US |
Profitability
| Return on Equity | -1.74% |
| Return on Invested Capital | 2.65% |
| Return on Assets | -0.18% |
| Gross Margin | 58.88% |
| Operating Margin | 67.53% |
| Net Margin | -4.65% |
Related companies: ADC · NLY · AGNC · 0H6E.L · STWD · RWTN
Explore sector: Real Estate · REIT - Mortgage
More sections of DX: Overview · Financials · Statistics · Estimates · Technical · Ownership · News · Events
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