Dynex Capital, Inc. (DX) P/E Ratio History
Historical price-to-earnings valuation from 1990 to 2025
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DX Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 6, 2026, Dynex Capital, Inc. (DX) trades at a price-to-earnings ratio of 5.4x, with a stock price of $13.35 and trailing twelve-month earnings per share of $2.03.
The current P/E is 72% below its 5-year average of 19.0x. Over the past five years, DX's P/E has ranged from a low of 1.2x to a high of 199.0x, placing the current valuation at the 50th percentile of its historical range.
Compared to the Real Estate sector median P/E of 24.5x, DX trades at a 78% discount to its sector peers. The sector includes 170 companies with P/E ratios ranging from 1.1x to 195.0x.
Relative to the broader market, DX trades at a notable discount to the S&P 500 median P/E of 25.2x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our DX DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
DX P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $10B | 11.6 | - | +1760%Best | |
| $16B | 7.7 | - | +80% | |
| $997M | 5.8 | - | +105% | |
| $2B | 5.3 | - | +747% | |
| $576M | 5.2 | - | +135% | |
| $1B | 5.0Lowest | 0.10Best | +150% | |
| $1B | 11.4 | 0.46 | -13% | |
| $182M | 20.2 | - | -23% | |
| $1B | 5.6 | 0.11 | +114% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
DX Historical P/E Data (1990–2025)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2025 Q4 | Wed Dec 31 2025 00:00:00 GM | $14.01 | $2.04 | 6.9x | -63% |
| FY2025 Q3 | $12.29 | $1.48 | 8.3x | -55% | |
| FY2025 Q2 | Mon Jun 30 2025 00:00:00 GM | $12.22 | $0.78 | 15.6x | -15% |
| FY2025 Q1 | Mon Mar 31 2025 00:00:00 GM | $13.02 | $0.77 | 16.8x | -8% |
| FY2024 Q4 | $12.65 | $1.47 | 8.6x | -53% | |
| FY2024 Q3 | Mon Sep 30 2024 00:00:00 GM | $12.76 | $1.26 | 10.1x | -45% |
| FY2024 Q2 | Sun Jun 30 2024 00:00:00 GM | $11.94 | $0.06 | 199.0x | +986% |
| FY2024 Q1 | Sun Mar 31 2024 00:00:00 GM | $12.45 | $1.17 | 10.6x | -42% |
| FY2023 Q3 | Sat Sep 30 2023 00:00:00 GM | $11.94 | $0.18 | 66.3x | +262% |
| FY2022 Q4 | Sat Dec 31 2022 00:00:00 GM | $12.72 | $3.58 | 3.6x | -81% |
| FY2022 Q3 | Fri Sep 30 2022 00:00:00 GM | $11.65 | $3.06 | 3.8x | -79% |
| FY2022 Q2 | $15.92 | $4.48 | 3.6x | -81% |
Average P/E for displayed period: 18.3x
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Start ComparisonDX — Frequently Asked Questions
Quick answers to the most common questions about buying DX stock.
Is DX stock overvalued or undervalued?
DX trades at 5.4x P/E, below its 5-year average of 19.0x. At the 50th percentile of historical range, the stock is priced at a discount to its own history.
How does DX's valuation compare to peers?
Dynex Capital, Inc. P/E of 5.4x compares to sector median of 24.5x. The discount suggests lower growth expectations or higher risk.
What is DX's PEG ratio?
DX PEG ratio is N/A. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 1990-2025.