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Dynex CapitalDX +0.08%67 Intrinsic Value: Projected FCF is $16.50 as of Aug. 29, 2026. GuruFocus rates DX with a GF Score™ of 67/100 and a GF Value™ of $19.28 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 615 REITs companies, Dynex Capital ranks worse than 61.3% 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 (2026-08-29), Dynex Capital's Intrinsic Value: Projected FCF is $16.50. The stock price of Dynex Capital is $12.91. Therefore, Dynex Capital's Price-to-Intrinsic-Value-Projected-FCF of today is 0.8.
The historical rank and industry rank for Dynex Capital's Intrinsic Value: Projected FCF or its related term are showing as below:
DX'
s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.1 Med: 0.24 Max: 0.79
Current: 0.78
During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Dynex Capital was 0.79. The lowest was 0.10. And the median was 0.24.
DX's Price-to-Projected-FCF is ranked worse than 61.3% of 615
companies
in the REITs industry
Industry Median: 0.65
vs DX: 0.78
Dynex Capital (NYSE:DX) Intrinsic Value: Projected FCF Explanation
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.
Dynex Capital's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as
Price-to-Intrinsic-Value-Projected-FCF
=
Share Price
/
Intrinsic Value: Projected FCF
=
12.91
/
16.500866110109
=
0.78
* 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 Intrinsic Value: Projected FCF Related Terms
Dynex Capital Intrinsic Value: Projected FCF Historical Data
* Premium members only.
The historical data trend for Dynex Capital'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.
Dynex Capital Intrinsic Value: Projected FCF Chart
DX vs BXMT, ARR, EFC: Intrinsic Value: Projected FCF Comparison
For the REIT - Mortgage subindustry, Dynex Capital'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.
Dynex Capital Price-to-Projected-FCF vs REITs Industry
For the REITs industry and Real Estate sector, Dynex Capital's Price-to-Projected-FCF distribution charts can be found below:
* The bar in red indicates where Dynex Capital's Price-to-Projected-FCF falls into.
Dynex Capital Intrinsic Value: Projected FCF Calculation
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 $16.50 mean?
Dynex Capital (DX) has a Intrinsic Value: Projected FCF of $16.50 as of Aug. 29, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Dynex Capital and its competitors. According to the industry distribution chart, Dynex Capital ranks #377 out of 615 companies in the REITs industry, placing it in the top 61.3%.
Is Dynex Capital's Intrinsic Value: Projected FCF too high?
Dynex Capital's current Intrinsic Value: Projected FCF is $16.50. The REITs industry median Intrinsic Value: Projected FCF is 0.65. Dynex Capital's value of $16.50 is 2438.5% above this industry median. Based on the distribution chart, Dynex Capital ranks #377 out of 615 companies in the REITs industry, which is below the industry midpoint. 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 Intrinsic Value: Projected FCF compare to BXMT and ARR?
According to the REITs industry distribution chart, Dynex Capital ranks #377 out of 615 companies for Intrinsic Value: Projected FCF. This places Dynex Capital in the lower half of its industry. The industry median Intrinsic Value: Projected FCF is 0.65. Dynex Capital's value of $16.50 is 2438.5% above this benchmark. 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 615 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. Dynex Capital's current Intrinsic Value: Projected FCF of $16.50 is 2438.5% 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 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 Dynex Capital 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. Dynex Capital's current Intrinsic Value: Projected FCF is $16.50. 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 $19.28, compared to a current price of $12.91 — trading 33% below its estimated fair value. The current Intrinsic Value: Projected FCF is $16.50 and 2438.5% above the REITs industry median of 0.65. 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 Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For Dynex Capital (DX), the current Intrinsic Value: Projected FCF is $16.50 as of Aug. 29, 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 $12.91 is trading 33% below its estimated GF Value™ of $19.28.
GuruFocus considers Dynex Capital to be Significantly Undervalued.
Key valuation signals for DX:
Intrinsic Value: Projected FCF: $16.50
GF Value™: $19.28 vs. price of $12.91 (33% below fair value)
Industry Position: 2438.5% above the REITs median (#377 of 615)
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
Get the complete analysis for DX
Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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