Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Dynex CapitalDX +0.08%67 Shiller PE Ratio is 6.28 as of Aug. 18, 2026, which is 23% below its 10-year median of 8.11. GuruFocus rates DX with a GF Score™ of 67/100 and a GF Value™ of $19.78 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 477 REITs companies, Dynex Capital ranks better than 89.94% on this metric.
As of today (2026-08-18), Dynex Capital's current share price is $13.07. Dynex Capital's E10 for the quarter that ended in Jun. 2026 was $2.08. Dynex Capital's Shiller PE Ratio for today is 6.28.
The historical rank and industry rank for Dynex Capital's Shiller PE Ratio or its related term are showing as below:
DX'
s Shiller PE Ratio Range Over the Past 10 Years
Min: 5.68 Med: 8.11 Max: 15.15
Current: 6.28
During the past years, Dynex Capital's highest Shiller PE Ratio was 15.15. The lowest was 5.68. And the median was 8.11.
DX's Shiller PE Ratio is ranked better than 89.94% of 477
companies
in the REITs industry
Industry Median: 13.55
vs DX: 6.28
E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.
Dynex Capital's adjusted earnings per share data for the three months ended in Jun. 2026 was $0.800. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $2.08 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Dynex Capital (NYSE:DX) Shiller PE Ratio Explanation
Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.
Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.
Be Aware
Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.
Dynex Capital Shiller PE Ratio Related Terms
Dynex Capital Shiller PE Ratio Historical Data
* Premium members only.
The historical data trend for Dynex Capital's Shiller 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.
For the REIT - Mortgage subindustry, Dynex Capital's Shiller PE Ratio, along with its competitors' market caps and Shiller 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.
Dynex Capital Shiller PE Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Dynex Capital's Shiller PE Ratio distribution charts can be found below:
* The bar in red indicates where Dynex Capital's Shiller PE Ratio falls into.
For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.
The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.
Dynex Capital's Shiller PE Ratio for today 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's E10 for the quarter that ended in Jun. 2026 is calculated as:
For example, Dynex Capital's adjusted earnings per share data for the three months ended in Jun. 2026 was:
Add all the adjusted EPS together and divide 10 will get our E10.
Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.
Dynex Capital (DX) has a Shiller PE Ratio of 6.28 as of Aug. 18, 2026. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on Dynex Capital and its competitors. This is 23% below median its historical median of 8.11. Over the past decade, Dynex Capital's Shiller PE Ratio has ranged from 5.68 to 15.15. According to the industry distribution chart, Dynex Capital ranks #48 out of 477 companies in the REITs industry, placing it in the top 10.1%.
Is Dynex Capital's Shiller PE Ratio too high?
Dynex Capital's current Shiller PE Ratio of 6.28 is 23% below median its 10-year median of 8.11. Over the past 10 years, this metric has ranged from a low of 5.68 to a high of 15.15. The REITs industry median Shiller PE Ratio is 13.55. Dynex Capital's value of 6.28 is 53.7% below this industry median. Based on the distribution chart, Dynex Capital ranks #48 out of 477 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 Shiller PE Ratio compare to BXMT and ARR?
According to the REITs industry distribution chart, Dynex Capital ranks #48 out of 477 companies for Shiller PE Ratio. This places Dynex Capital in the top 10% of its industry — outperforming the majority of peers. The industry median Shiller PE Ratio is 13.55. Dynex Capital's value of 6.28 is 53.7% below this benchmark. Historically, Dynex Capital's own Shiller PE Ratio has ranged from 5.68 to 15.15 over the past decade. While the company's 10-year median is 8.11 vs. the industry median of 13.55, 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 Shiller PE Ratio for a REITs company?
The median Shiller PE Ratio among REITs companies is 13.55, based on 477 companies in the industry. Companies in the top quartile (top 25%) have a Shiller PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Shiller PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Dynex Capital's current Shiller PE Ratio of 6.28 is 53.7% 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 Shiller PE Ratio mean?
A high Shiller PE Ratio can signal that a stock is expensive relative to its fundamentals. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on Dynex Capital and its competitors. For the REITs industry, the median Shiller PE Ratio is 13.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dynex Capital's current Shiller PE Ratio is 6.28, which is 23% below median its own 10-year median of 8.11. 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 $19.78, compared to a current price of $13.07 — trading 33.9% below its estimated fair value. The current Shiller PE Ratio is 6.28, which is 23% below median its 10-year median of 8.11 and 53.7% below the REITs industry median of 13.55. 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 Shiller PE Ratio calculated?
Shiller PE Ratio is calculated from a company's financial statements. For Dynex Capital (DX), the current Shiller PE Ratio is 6.28 as of Aug. 18, 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 $13.07 is trading 33.9% below its estimated GF Value™ of $19.78.
GuruFocus considers Dynex Capital to be Significantly Undervalued.
Key valuation signals for DX:
Shiller PE Ratio: 6.28 (23% below median its 10-year median of 8.11)
GF Value™: $19.78 vs. price of $13.07 (33.9% below fair value)
Industry Position: 53.7% below the REITs median (#48 of 477)
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
Shiller PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
DX has been successfully added to your 
