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DexusASX:DXS -0.86%72 Intrinsic Value: Projected FCF is A$13.11 as of Sep. 07, 2026. GuruFocus rates ASX:DXS with a GF Score™ of 72/100 and a GF Value™ of A$5.58 (Fairly Valued). The stock has 7 warning signs investors should review. Among 614 REITs companies, Dexus ranks better than 76.22% on this metric.
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.
As of today (2026-09-07), Dexus's Intrinsic Value: Projected FCF is A$13.11. The stock price of Dexus is A$5.76. Therefore, Dexus's Price-to-Intrinsic-Value-Projected-FCF of today is 0.4.
The historical rank and industry rank for Dexus's Intrinsic Value: Projected FCF or its related term are showing as below:
ASX:DXS'
s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.41 Med: 0.62 Max: 0.91
Current: 0.44
During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Dexus was 0.91. The lowest was 0.41. And the median was 0.62.
ASX:DXS's Price-to-Projected-FCF is ranked better than 76.22% of 614
companies
in the REITs industry
Industry Median: 0.65
vs ASX:DXS: 0.44
The growth multiple is capped between 8.35 and 17.74.
Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.
Dexus's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as
Price-to-Intrinsic-Value-Projected-FCF
=
Share Price
/
Intrinsic Value: Projected FCF
=
5.76
/
13.107395447362
=
0.44
* 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 Intrinsic Value: Projected FCF Related Terms
Dexus Intrinsic Value: Projected FCF Historical Data
* Premium members only.
The historical data trend for Dexus's Intrinsic Value: Projected 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.
ASX:DXS vs BXP, ARE, VNO: Intrinsic Value: Projected FCF Comparison
For the REIT - Office subindustry, Dexus's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-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.
Dexus Price-to-Projected-FCF vs REITs Industry
For the REITs industry and Real Estate sector, Dexus's Price-to-Projected-FCF distribution charts can be found below:
* The bar in red indicates where Dexus's Price-to-Projected-FCF falls into.
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.
The details of how we calculate the intrinsic value of stocks are described in detail here.
This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.
* 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.
What does a Intrinsic Value: Projected FCF of A$13.11 mean?
Dexus (ASX:DXS) has a Intrinsic Value: Projected FCF of A$13.11 as of Sep. 07, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Dexus and its competitors. According to the industry distribution chart, Dexus ranks #146 out of 614 companies in the REITs industry, placing it in the top 23.8%.
Is Dexus' Intrinsic Value: Projected FCF too high?
Dexus' current Intrinsic Value: Projected FCF is A$13.11. Based on the distribution chart, Dexus ranks #146 out of 614 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Dexus has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Dexus' Intrinsic Value: Projected FCF compare to BXP and ARE?
According to the REITs industry distribution chart, Dexus ranks #146 out of 614 companies for Intrinsic Value: Projected FCF. This places Dexus in the top 24% of its industry — outperforming the majority of peers. The industry median Intrinsic Value: Projected FCF is 0.65. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: Projected FCF for a REITs company?
The median Intrinsic Value: Projected FCF among REITs companies is 0.65, based on 614 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Dexus and its competitors. For the REITs industry, the median Intrinsic Value: Projected FCF is 0.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dexus's current Intrinsic Value: Projected FCF is A$13.11. 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 Fairly Valued. The stock's GF Value™ is A$5.58, compared to a current price of A$5.76 — trading 3.2% above its estimated fair value. The current Intrinsic Value: Projected FCF is A$13.11. Dexus' overall GF Score™ is 72/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For Dexus (ASX:DXS), the current Intrinsic Value: Projected FCF is A$13.11 as of Sep. 07, 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 overvalued.
The current stock price of A$5.76 is trading 3.2% above its estimated GF Value™ of A$5.58.
GuruFocus considers Dexus to be Fairly Valued.
Key valuation signals for ASX:DXS:
Intrinsic Value: Projected FCF: A$13.11
GF Value™: A$5.58 vs. price of A$5.76 (3.2% above fair value)
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.
72GF Score
Get the complete analysis for ASX:DXS
Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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