Dynex CapitalDX +0.70%67 EV-to-FCF is 11.58 as of Jun. 24, 2026, which is 314% above its 10-year median of 2.80. GuruFocus rates DX with a GF Score™ of 67/100 and a GF Value™ of $19.66 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 740 REITs companies, Dynex Capital ranks better than 81.89% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Dynex Capital's Enterprise Value is $2,133.8 Mil.
Dynex Capital's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was $184.3 Mil. Therefore, Dynex Capital's EV-to-FCF for today is 11.58.
The historical rank and industry rank for Dynex Capital's EV-to-FCF or its related term are showing as below:
DX'
s EV-to-FCF Range Over the Past 10 Years
Min: 1.26 Med: 2.8 Max: 62.78
Current: 11.58
During the past 13 years, the highest EV-to-FCF of Dynex Capital was 62.78. The lowest was 1.26. And the median was 2.80.
DX's EV-to-FCF is ranked better than 81.89% of 740
companies
in the REITs industry
Industry Median: 23.095
vs DX: 11.58
EV-to-FCF 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.
EV-to-FCF 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.
Dynex Capital's PE Ratio (TTM) for today is calculated as:
Dynex Capital's share price for today is $13.01.
Dynex Capital's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $1.690.
* 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. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Dynex Capital EV-to-FCF Related Terms
Dynex Capital EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Dynex Capital's EV-to-FCF 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 EV-to-FCF, along with its competitors' market caps and EV-to-FCF 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 EV-to-FCF vs REITs Industry
For the REITs industry and Real Estate sector, Dynex Capital's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Dynex Capital's EV-to-FCF falls into.
Dynex Capital's current Enterprise Value is $2,133.8 Mil.
Dynex Capital's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $184.3 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.
Dynex Capital (DX) has a EV-to-FCF of 11.58 as of Jun. 24, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Dynex Capital and its competitors. This is 314% above median its historical median of 2.80. Over the past decade, Dynex Capital's EV-to-FCF has ranged from 1.26 to 62.78. According to the industry distribution chart, Dynex Capital ranks #134 out of 740 companies in the REITs industry, placing it in the top 18.1%.
Is Dynex Capital's EV-to-FCF too high?
Dynex Capital's current EV-to-FCF of 11.58 is 314% above median its 10-year median of 2.80. Over the past 10 years, this metric has ranged from a low of 1.26 to a high of 62.78. The REITs industry median EV-to-FCF is 23.10. Dynex Capital's value of 11.58 is 49.9% below this industry median. Based on the distribution chart, Dynex Capital ranks #134 out of 740 companies in the REITs industry, which is in the top quartile — a strong position 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 EV-to-FCF compare to BXMT and ARR?
According to the REITs industry distribution chart, Dynex Capital ranks #134 out of 740 companies for EV-to-FCF. This places Dynex Capital in the top 18% of its industry — outperforming the majority of peers. The industry median EV-to-FCF is 23.10. Dynex Capital's value of 11.58 is 49.9% below this benchmark. Historically, Dynex Capital's own EV-to-FCF has ranged from 1.26 to 62.78 over the past decade. While the company's 10-year median is 2.80 vs. the industry median of 23.10, 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 EV-to-FCF for a REITs company?
The median EV-to-FCF among REITs companies is 23.10, based on 740 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Dynex Capital's current EV-to-FCF of 11.58 is 49.9% 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 EV-to-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Dynex Capital and its competitors. For the REITs industry, the median EV-to-FCF is 23.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dynex Capital's current EV-to-FCF is 11.58, which is 314% above median its own 10-year median of 2.80. 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 $19.66, compared to a current price of $13.01 — trading 33.8% below its estimated fair value. The current EV-to-FCF is 11.58, which is 314% above median its 10-year median of 2.80 and 49.9% below the REITs industry median of 23.10. Dynex Capital's overall GF Score™ is 67/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Dynex Capital (DX), the current EV-to-FCF is 11.58 as of Jun. 24, 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 $13.01 is trading 33.8% below its estimated GF Value™ of $19.66.
GuruFocus considers Dynex Capital to be Significantly Undervalued.
Key valuation signals for DX:
EV-to-FCF: 11.58 (314% above median its 10-year median of 2.80)
GF Value™: $19.66 vs. price of $13.01 (33.8% below fair value)
Industry Position: 49.9% below the REITs median (#134 of 740)
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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