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Dynex Capital (STU:DYT1) E10 : €1.35 (As of Dec. 2024)


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What is Dynex Capital E10?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Dynex Capital's adjusted earnings per share data for the three months ended in Dec. 2024 was €0.573. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €1.35 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Dynex Capital's average E10 Growth Rate was 3.60% per year. During the past 3 years, the average E10 Growth Rate was -7.70% per year. During the past 5 years, the average E10 Growth Rate was -2.80% per year. During the past 10 years, the average E10 Growth Rate was -6.60% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Dynex Capital was 77.40% per year. The lowest was -53.00% per year. And the median was -7.70% per year.

As of today (2025-03-26), Dynex Capital's current stock price is €12.69. Dynex Capital's E10 for the quarter that ended in Dec. 2024 was €1.35. Dynex Capital's Shiller PE Ratio of today is 9.40.

During the past 13 years, the highest Shiller PE Ratio of Dynex Capital was 15.15. The lowest was 5.68. And the median was 8.34.


Dynex Capital E10 Historical Data

The historical data trend for Dynex Capital's E10 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 E10 Chart

Dynex Capital Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 1.69 1.27 1.35

Dynex Capital Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
E10 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 1.27 1.37 1.45 1.24 1.35

Competitive Comparison of Dynex Capital's E10

For the REIT - Mortgage subindustry, Dynex Capital's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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 Shiller PE Ratio Distribution in the REITs Industry

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

* The bar in red indicates where Dynex Capital's Shiller PE Ratio falls into.



Dynex Capital E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

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.

For example, Dynex Capital's adjusted earnings per share data for the three months ended in Dec. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=0.573/133.1571*133.1571
=0.573

Current CPI (Dec. 2024) = 133.1571.

Dynex Capital Quarterly Data

per share eps CPI Adj_EPS
201503 -0.582 99.621 -0.778
201506 1.390 100.684 1.838
201509 -1.978 100.392 -2.624
201512 1.680 99.792 2.242
201603 -2.182 100.470 -2.892
201606 -0.294 101.688 -0.385
201609 0.668 101.861 0.873
201612 3.868 101.863 5.056
201703 0.365 102.862 0.472
201706 -0.534 103.349 -0.688
201709 0.378 104.136 0.483
201712 0.913 104.011 1.169
201803 1.800 105.290 2.276
201806 0.582 106.317 0.729
201809 1.011 106.507 1.264
201812 -3.534 105.998 -4.439
201903 -2.142 107.251 -2.659
201906 -4.407 108.070 -5.430
201909 -1.498 108.329 -1.841
201912 2.034 108.420 2.498
202003 -4.190 108.902 -5.123
202006 7.379 108.767 9.034
202009 1.375 109.815 1.667
202012 1.315 109.897 1.593
202103 3.528 111.754 4.204
202106 -1.187 114.631 -1.379
202109 0.298 115.734 0.343
202112 0.292 117.630 0.331
202203 2.824 121.301 3.100
202206 0.653 125.017 0.696
202209 -1.081 125.227 -1.149
202212 0.802 125.222 0.853
202303 -0.757 127.348 -0.792
202306 0.886 128.729 0.916
202309 -0.768 129.860 -0.788
202312 0.358 129.419 0.368
202403 0.589 131.776 0.595
202406 -0.139 132.554 -0.140
202409 0.342 133.029 0.342
202412 0.573 133.157 0.573

Add all the adjusted EPS together and divide 10 will get our e10.


Dynex Capital  (STU:DYT1) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Dynex Capital's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=12.69/1.35
=9.40

* 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.

During the past 13 years, the highest Shiller P/E Ratio of Dynex Capital was 15.15. The lowest was 5.68. And the median was 8.34.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Dynex Capital E10 Related Terms

Thank you for viewing the detailed overview of Dynex Capital's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


Dynex Capital Business Description

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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