Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Dexus Industria REITASX:DXI +0.41%75 EV-to-OCF is 27.93 as of Aug. 03, 2026, which is 24% above its 10-year median of 22.59. GuruFocus rates ASX:DXI with a GF Score™ of 75/100 and a GF Value™ of A$3.64 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 926 REITs companies, Dexus Industria REIT ranks worse than 74.41% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Dexus Industria REIT's Enterprise Value is A$1,357.43 Mil.
Dexus Industria REIT's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was A$48.60 Mil. Therefore, Dexus Industria REIT's EV-to-OCF for today is 27.93.
The historical rank and industry rank for Dexus Industria REIT's EV-to-OCF or its related term are showing as below:
ASX:DXI'
s EV-to-OCF Range Over the Past 10 Years
Min: 17.05 Med: 22.59 Max: 31.19
Current: 27.74
During the past 12 years, the highest EV-to-OCF of Dexus Industria REIT was 31.19. The lowest was 17.05. And the median was 22.59.
ASX:DXI's EV-to-OCF is ranked worse than 74.41% of 926
companies
in the REITs industry
Industry Median: 18.375
vs ASX:DXI: 27.74
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Dexus Industria REIT (ASX:DXI) EV-to-OCF Explanation
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Dexus Industria REIT's PE Ratio (TTM) for today is calculated as:
Dexus Industria REIT's share price for today is A$2.47.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Dexus Industria REIT's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was A$0.135.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Dexus Industria REIT EV-to-OCF Related Terms
Dexus Industria REIT EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Dexus Industria REIT's EV-to-OCF 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.
For the REIT - Industrial subindustry, Dexus Industria REIT's EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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.
Dexus Industria REIT EV-to-OCF vs REITs Industry
For the REITs industry and Real Estate sector, Dexus Industria REIT's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Dexus Industria REIT's EV-to-OCF falls into.
Dexus Industria REIT's current Enterprise Value is A$1,357.43 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Dexus Industria REIT's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was A$48.60 Mil.
* 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.
Dexus Industria REIT (ASX:DXI) has a EV-to-OCF of 27.93 as of Aug. 03, 2026. This is 24% above median its historical median of 22.59. Over the past decade, Dexus Industria REIT's EV-to-OCF has ranged from 17.05 to 31.19. According to the industry distribution chart, Dexus Industria REIT ranks #689 out of 926 companies in the REITs industry, placing it in the top 74.4%.
Is Dexus Industria REIT's EV-to-OCF too high?
Dexus Industria REIT's current EV-to-OCF of 27.93 is 24% above median its 10-year median of 22.59. Over the past 10 years, this metric has ranged from a low of 17.05 to a high of 31.19. The REITs industry median EV-to-OCF is 18.38. Dexus Industria REIT's value of 27.93 is 52% above this industry median. Based on the distribution chart, Dexus Industria REIT ranks #689 out of 926 companies in the REITs industry, which is below the industry midpoint. Overall, Dexus Industria REIT has a GF Score™ of 75/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Dexus Industria REIT's EV-to-OCF compare to PLD and PSA?
According to the REITs industry distribution chart, Dexus Industria REIT ranks #689 out of 926 companies for EV-to-OCF. This places Dexus Industria REIT in the lower half of its industry. The industry median EV-to-OCF is 18.38. Dexus Industria REIT's value of 27.93 is 52% above this benchmark. Historically, Dexus Industria REIT's own EV-to-OCF has ranged from 17.05 to 31.19 over the past decade. While the company's 10-year median is 22.59 vs. the industry median of 18.38, Dexus Industria REIT has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-OCF for a REITs company?
The median EV-to-OCF among REITs companies is 18.38, based on 926 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Dexus Industria REIT's current EV-to-OCF of 27.93 is 52% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the REITs industry, the median EV-to-OCF is 18.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dexus Industria REIT's current EV-to-OCF is 27.93, which is 24% above median its own 10-year median of 22.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dexus Industria REIT stock overvalued right now?
Based on GuruFocus' analysis, Dexus Industria REIT (ASX:DXI) is currently considered Possible Value Trap. The stock's GF Value™ is A$3.64, compared to a current price of A$2.47 — trading 32.1% below its estimated fair value. The current EV-to-OCF is 27.93, which is 24% above median its 10-year median of 22.59 and 52% above the REITs industry median of 18.38. Dexus Industria REIT's overall GF Score™ is 75/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Dexus Industria REIT (ASX:DXI), the current EV-to-OCF is 27.93 as of Aug. 03, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Dexus Industria REIT (ASX:DXI) Overvalued in 2026?
Based on GuruFocus' analysis, Dexus Industria REIT stock appears to be undervalued.
The current stock price of A$2.47 is trading 32.1% below its estimated GF Value™ of A$3.64.
GuruFocus considers Dexus Industria REIT to be Possible Value Trap.
Key valuation signals for ASX:DXI:
EV-to-OCF: 27.93 (24% above median its 10-year median of 22.59)
GF Value™: A$3.64 vs. price of A$2.47 (32.1% below fair value)
Industry Position: 52% above the REITs median (#689 of 926)
No single metric tells the full story. See the ASX:DXI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dexus Industria REIT acts as an income pass-through investment vehicle. It owns a portfolio of industrial properties and passes the rent generated from leasing out these properties to securityholders. The jewel in the crown is the Jandakot precinct in Western Australia, which accounts for a third of the portfolio's total book value. The rest of the assets are predominantly located in Victoria and New South Wales. The REIT also has a small development pipeline.Dexus Industria was rebranded from APN Industria REIT in 2021, as a result of Dexus' acquisition of APN Property Group. Following the rebrand, Dexus Industria has divested its business parks and transitioned to a pure play industrial REIT. Dexus Industria is externally managed by Dexus, which holds a 18% stake in the REIT.
75GF Score
Get the complete analysis for ASX:DXI
EV-to-OCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ASX:DXI has been successfully added to your 
