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Dynex Capital (STU:DYT1) Cyclically Adjusted PB Ratio : 0.50 (As of May. 25, 2025)


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What is Dynex Capital Cyclically Adjusted PB Ratio?

As of today (2025-05-25), Dynex Capital's current share price is €10.40. Dynex Capital's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was €20.84. Dynex Capital's Cyclically Adjusted PB Ratio for today is 0.50.

The historical rank and industry rank for Dynex Capital's Cyclically Adjusted PB Ratio or its related term are showing as below:

STU:DYT1' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.34   Med: 0.63   Max: 0.83
Current: 0.52

During the past years, Dynex Capital's highest Cyclically Adjusted PB Ratio was 0.83. The lowest was 0.34. And the median was 0.63.

STU:DYT1's Cyclically Adjusted PB Ratio is ranked better than
67.18% of 521 companies
in the REITs industry
Industry Median: 0.79 vs STU:DYT1: 0.52

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Dynex Capital's adjusted book value per share data for the three months ended in Mar. 2025 was €11.655. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is €20.84 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Dynex Capital Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Dynex Capital's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Dynex Capital Cyclically Adjusted PB Ratio Chart

Dynex Capital Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.68 0.63 0.49 0.51 0.55

Dynex Capital Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.51 0.50 0.54 0.55 0.58

Competitive Comparison of Dynex Capital's Cyclically Adjusted PB Ratio

For the REIT - Mortgage subindustry, Dynex Capital's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Dynex Capital's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Dynex Capital's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Dynex Capital's Cyclically Adjusted PB Ratio falls into.


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Dynex Capital Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Dynex Capital's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=10.40/20.84
=0.50

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Dynex Capital's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Dynex Capital's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=11.655/134.9266*134.9266
=11.655

Current CPI (Mar. 2025) = 134.9266.

Dynex Capital Quarterly Data

Book Value per Share CPI Adj_Book
201506 23.011 100.684 30.837
201509 22.101 100.392 29.704
201512 21.470 99.792 29.029
201603 20.530 100.470 27.571
201606 20.746 101.688 27.527
201609 20.953 101.861 27.755
201612 20.667 101.863 27.375
201703 21.381 102.862 28.046
201706 20.018 103.349 26.134
201709 19.065 104.136 24.702
201712 18.878 104.011 24.489
201803 17.460 105.290 22.375
201806 18.071 106.317 22.934
201809 17.608 106.507 22.306
201812 16.131 105.998 20.533
201903 16.786 107.251 21.118
201906 15.891 108.070 19.840
201909 16.685 108.329 20.782
201912 16.481 108.420 20.510
202003 14.802 108.902 18.339
202006 15.072 108.767 18.697
202009 15.731 109.815 19.328
202012 15.917 109.897 19.542
202103 16.959 111.754 20.475
202106 15.655 114.631 18.427
202109 15.746 115.734 18.357
202112 16.013 117.630 18.368
202203 16.652 121.301 18.522
202206 15.968 125.017 17.234
202209 14.457 125.227 15.577
202212 13.965 125.222 15.047
202303 12.950 127.348 13.721
202306 13.165 128.729 13.799
202309 11.539 129.860 11.989
202312 12.265 129.419 12.787
202403 12.198 131.776 12.490
202406 11.657 132.554 11.866
202409 11.757 133.029 11.925
202412 12.174 133.157 12.336
202503 11.655 134.927 11.655

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Dynex Capital  (STU:DYT1) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Dynex Capital Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Dynex Capital's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Dynex Capital Business Description

Industry
Traded in Other Exchanges
Address
4991 Lake Brook Drive, Suite 100, Glen Allen, Richmond, VA, USA, 23060-9245
Dynex Capital Inc is an internally managed mortgage real estate investment trust, which invests in mortgage-backed securities. The company invests in residential and commercial mortgage-backed securities. Its objective is to provide attractive risk-adjusted returns to shareholders over the long term that are reflective of a leveraged, high quality fixed income portfolio with a focus on capital preservation. Its investments consist principally of Agency mortgage-backed securities including, residential MBS and commercial MBS.

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