DexusASX:DXS 69 Forward PE Ratio is 9.98 as of Jul. 10, 2026. GuruFocus rates ASX:DXS with a GF Score™ of 69/100 and a GF Value™ of A$7.85 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 462 REITs companies, Dexus ranks better than 84.2% on this metric.
The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.
Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .
Dexus Forward PE Ratio Related Terms
Dexus Forward PE Ratio Historical Data
* Premium members only.
The historical data trend for Dexus's Forward PE 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.
Dexus Forward PE Ratio Chart
Dexus Annual Data
Trend
2016-06
2017-06
2018-06
2019-06
2020-06
2021-06
2022-06
2023-06
2024-06
2025-06
Forward PE Ratio
17.76
12.82
14.84
17.12
14.60
15.41
13.30
11.85
9.68
11.04
Dexus Semi-Annual Data
2015-12
2016-06
2016-12
2017-06
2017-12
2018-06
2018-12
2019-06
2019-12
2020-06
2020-12
2021-06
2021-12
2022-06
2022-12
2023-06
2023-12
2024-06
2024-12
2025-06
2025-12
Forward PE Ratio
15.34
17.76
18.80
12.82
15.50
14.84
14.95
17.12
17.79
14.60
13.53
15.41
16.10
13.30
12.72
11.85
12.63
9.68
11.51
11.04
11.69
ASX:DXS vs BXP, ARE, VNO: Forward PE Ratio Comparison
For the REIT - Office subindustry, Dexus's Forward PE Ratio, along with its competitors' market caps and Forward 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.
Dexus Forward PE Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Dexus's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Dexus's Forward PE Ratio falls into.
It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.
Dexus (ASX:DXS) has a Forward PE Ratio of 9.98 as of Jul. 10, 2026. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Dexus and its competitors. According to the industry distribution chart, Dexus ranks #73 out of 462 companies in the REITs industry, placing it in the top 15.8%.
Is Dexus' Forward PE Ratio too high?
Dexus' current Forward PE Ratio is 9.98. The REITs industry median Forward PE Ratio is 16.28. Dexus' value of 9.98 is 38.7% below this industry median. Based on the distribution chart, Dexus ranks #73 out of 462 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Dexus has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Dexus' Forward PE Ratio compare to BXP and ARE?
According to the REITs industry distribution chart, Dexus ranks #73 out of 462 companies for Forward PE Ratio. This places Dexus in the top 16% of its industry — outperforming the majority of peers. The industry median Forward PE Ratio is 16.28. Dexus' value of 9.98 is 38.7% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward PE Ratio for a REITs company?
The median Forward PE Ratio among REITs companies is 16.28, based on 462 companies in the industry. Companies in the top quartile (top 25%) have a Forward PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Forward PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Dexus's current Forward PE Ratio of 9.98 is 38.7% 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 Forward PE Ratio mean?
A high Forward PE Ratio can signal that a stock is expensive relative to its fundamentals. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Dexus and its competitors. For the REITs industry, the median Forward PE Ratio is 16.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dexus's current Forward PE Ratio is 9.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dexus stock overvalued right now?
Based on GuruFocus' analysis, Dexus (ASX:DXS) is currently considered Modestly Undervalued. The stock's GF Value™ is A$7.85, compared to a current price of A$5.61 — trading 28.5% below its estimated fair value. The current Forward PE Ratio is 9.98 and 38.7% below the REITs industry median of 16.28. Dexus' overall GF Score™ is 69/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Forward PE Ratio calculated?
Forward PE Ratio is calculated from a company's financial statements. For Dexus (ASX:DXS), the current Forward PE Ratio is 9.98 as of Jul. 10, 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 (ASX:DXS) Overvalued in 2026?
Based on GuruFocus' analysis, Dexus stock appears to be undervalued.
The current stock price of A$5.61 is trading 28.5% below its estimated GF Value™ of A$7.85.
GuruFocus considers Dexus to be Modestly Undervalued.
Key valuation signals for ASX:DXS:
Forward PE Ratio: 9.98
GF Value™: A$7.85 vs. price of A$5.61 (28.5% below fair value)
Industry Position: 38.7% below the REITs median (#73 of 462)
No single metric tells the full story. See the ASX:DXS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dexus has ownership interest in, manages, and develops a portfolio of office and industrial assets, about half located in Sydney. The office portfolio contributes nearly two-thirds of group earnings, and industrial assets account for about 15%. Dexus also manages third-party assets and has a funds management platform with AUD 36 billion in funds under management as of Dec. 31, 2025, spanning office, industrial, retail, healthcare, infrastructure, and their adjacent sectors. The REIT has stakes in many of the pooled funds, earning distribution income. Management is internalized, in contrast to some of its peers.
69GF Score
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