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Friday 6 November 2026 Export DX’s income statement to Excel — free account

Dynex Capital, Inc.

DX Real Estate Reit Mortgage

Dynex Capital, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $533.5 million, up 67.0% from fiscal 2024.

Revenue
+122.1%
EPS
−222.2%
Free cash flow
+19.3%
Total debt
+105.5%

Quarter to September 2026, against a year earlier

10.70 0.05 −0.47%
Market cap
$2.8B
P/E
47.2×
Fwd P/E
−19.5×
Dividend yield
19.0%
F-score
3/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Dynex Capital, Inc. (DX) P/B ratio

Alert me on P/B ratio

As of 5 November 2026, Dynex Capital, Inc. (DX) trades at a P/B ratio of 1.0×. Over the past ten years it has ranged from 0.5× (March 2020) to 1.1× (February 2020); the current reading is higher than 90% of that period. That is above the Reit Mortgage industry median of 0.5× and below the Real Estate sector median of 1.0×.

P/B ratio, daily

Embed this chart

Annual newest first

Period P/B ratio Change
FY2025 0.7× (11.12%)
FY2024 0.8× (7.00%)
FY2023 0.9× 28.57%
FY2022 0.7× (15.33%)
FY2021 0.8× (8.40%)
FY2020 0.9× (5.88%)
FY2019 1.0× 10.86%
FY2018 0.9× 1.78%
FY2017 0.8× (11.93%)
FY2016 1.0× 9.21%

Quarterly newest first

Period P/B ratio Change
Sep 2026 1.0× 4.43%
Jun 2026 0.9× (2.77%)
Mar 2026 1.0× 32.25%
Dec 2025 0.7× (18.22%)
43 more quarters

Against its own ten years

Low 0.5× High 1.1×
Ten-year median 0.9×
Current reading's percentile 89

P/B ratio against peers

Company P/B ratio
CIM Chimera Investment Corporation compare 0.3×
BXMT Blackstone Mortgage Trust, Inc. compare 0.7×
STWD STARWOOD PROPERTY TRUST, INC. compare 0.7×
RITM Rithm Capital Corp. compare 0.7×
ARR ARMOUR Residential REIT, Inc. compare 0.8×
LADR Ladder Capital Corp compare 0.8×
EFC Ellington Financial Inc. compare 0.8×
ORC Orchid Island Capital, Inc. compare 0.8×
DX Dynex Capital, Inc. 1.0×
Reit Mortgage industry median 0.5×
Real Estate sector median 1.0×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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