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Dynex CapitalDX 67 Equity-to-Asset is 0.11 as of Mar. 2026, which is 27% below its 10-year median of 0.15. GuruFocus rates DX with a GF Score™ of 67/100 and a GF Value™ of $19.76 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 933 REITs companies, Dynex Capital ranks worse than 96.78% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Dynex Capital's Total Stockholders Equity for the quarter that ended in Mar. 2026 was $2,721.3 Mil. Dynex Capital's Total Assets for the quarter that ended in Mar. 2026 was $24,343.4 Mil.
Therefore, Dynex Capital's Equity to Asset Ratio for the quarter that ended in Mar. 2026 was 0.11.
The historical rank and industry rank for Dynex Capital's Equity-to-Asset or its related term are showing as below:
DX'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.1 Med: 0.15 Max: 0.26
Current: 0.12
During the past 13 years, the highest Equity to Asset Ratio of Dynex Capital was 0.26. The lowest was 0.10. And the median was 0.15.
DX's Equity-to-Asset is ranked worse than 96.78% of 933
companies
in the REITs industry
Industry Median: 0.58
vs DX: 0.12
Dynex Capital (NYSE:DX) Equity-to-Asset Explanation
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Dynex Capital Equity-to-Asset Related Terms
Dynex Capital Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Dynex Capital's Equity-to-Asset 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 - Mortgage subindustry, Dynex Capital's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Equity-to-Asset vs REITs Industry
For the REITs industry and Real Estate sector, Dynex Capital's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Dynex Capital's Equity-to-Asset falls into.
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Dynex Capital's Equity to Asset Ratio for the fiscal year that ended in Dec. 2025 is calculated as
* 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 (DX) has a Equity-to-Asset of 0.11 as of Mar. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Dynex Capital and its competitors. This is 27% below median its historical median of 0.15. Over the past decade, Dynex Capital's Equity-to-Asset has ranged from 0.10 to 0.26. According to the industry distribution chart, Dynex Capital ranks #903 out of 933 companies in the REITs industry, placing it in the top 96.8%.
Is Dynex Capital's Equity-to-Asset too high?
Dynex Capital's current Equity-to-Asset of 0.11 is 27% below median its 10-year median of 0.15. Over the past 10 years, this metric has ranged from a low of 0.10 to a high of 0.26. The REITs industry median Equity-to-Asset is 0.58. Dynex Capital's value of 0.11 is 81% below this industry median. Based on the distribution chart, Dynex Capital ranks #903 out of 933 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Dynex Capital has a GF Score™ of 67/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Dynex Capital's Equity-to-Asset compare to BXMT and ARR?
According to the REITs industry distribution chart, Dynex Capital ranks #903 out of 933 companies for Equity-to-Asset. This places Dynex Capital in the lower half of its industry. The industry median Equity-to-Asset is 0.58. Dynex Capital's value of 0.11 is 81% below this benchmark. Historically, Dynex Capital's own Equity-to-Asset has ranged from 0.10 to 0.26 over the past decade. While the company's 10-year median is 0.15 vs. the industry median of 0.58, Dynex Capital has consistently been below 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 Equity-to-Asset for a REITs company?
The median Equity-to-Asset among REITs companies is 0.58, based on 933 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Dynex Capital's current Equity-to-Asset of 0.11 is 81% below 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 Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Dynex Capital and its competitors. For the REITs industry, the median Equity-to-Asset is 0.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dynex Capital's current Equity-to-Asset is 0.11, which is 27% below median its own 10-year median of 0.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dynex Capital stock overvalued right now?
Based on GuruFocus' analysis, Dynex Capital (DX) is currently considered Significantly Undervalued. The stock's GF Value™ is $19.76, compared to a current price of $12.60 — trading 36.2% below its estimated fair value. The current Equity-to-Asset is 0.11, which is 27% below median its 10-year median of 0.15 and 81% below the REITs industry median of 0.58. Dynex Capital's overall GF Score™ is 67/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For Dynex Capital (DX), the current Equity-to-Asset is 0.11 as of Mar. 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 Dynex Capital (DX) Overvalued in 2026?
Based on GuruFocus' analysis, Dynex Capital stock appears to be undervalued.
The current stock price of $12.60 is trading 36.2% below its estimated GF Value™ of $19.76.
GuruFocus considers Dynex Capital to be Significantly Undervalued.
Key valuation signals for DX:
Equity-to-Asset: 0.11 (27% below median its 10-year median of 0.15)
GF Value™: $19.76 vs. price of $12.60 (36.2% below fair value)
Industry Position: 81% below the REITs median (#903 of 933)
No single metric tells the full story. See the DX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dynex Capital Inc is a real estate investment trust (REIT) focused on delivering dividends supported by long term returns from investments in mortgage assets backed by U.S. housing and commercial real estate. The Company is internally managed and mainly invests in residential and commercial mortgage-backed securities (RMBS and CMBS), which are Agency securities guaranteed by U.S. government-sponsored enterprises (GSEs). It manages interest rate, prepayment, spread, liquidity, and counterparty risks and operates through one reportable segment investing in MBS funded with repurchase agreements and equity.
67GF Score
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