Dexus
ASX:DXS

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Dexus
ASX:DXS
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Price: 6.12 AUD -0.81% Market Closed
Market Cap: AU$6.6B

P/E

12.8
Current
358%
Cheaper
vs 3-y average of -4.9

Price to Earnings (P/E) ratio shows how much investors pay for each dollar of a company`s earnings. It`s calculated by dividing the company`s market value by its total earnings.

P/E
12.8
=
Market Cap
AU$6.3B
/
Net Income
AU$510.8m

Price to Earnings (P/E) ratio shows how much investors pay for each dollar of a company`s earnings. It`s calculated by dividing the company`s market value by its total earnings.

P/E
12.8
=
Market Cap
AU$6.3B
/
Net Income
AU$510.8m

Valuation Scenarios

Dexus is trading above its 5-year average

If P/E returns to its 5-Year Average (7.1), the stock would be worth AU$3.41 (44% downside from current price).

Statistics
Positive Scenarios
2/3
Maximum Downside
-44%
Maximum Upside
+74%
Average Upside
18%
Scenario P/E Value Implied Price Upside/Downside
Current Multiple 12.8 AU$6.12
0%
5-Year Average 7.1 AU$3.41
-44%
Industry Average 15.9 AU$7.61
+24%
Country Average 22.3 AU$10.67
+74%

Forward P/E
Today’s price vs future net income

Today's Market Cap Net Income Forward P/E
AU$6.3B
/
Jan 2026
AU$510.8m
=
12.8
Current
AU$6.3B
/
Jun 2026
AU$680.8m
=
9.2
Forward
AU$6.3B
/
Jun 2027
AU$661.9m
=
9.5
Forward
AU$6.3B
/
Jun 2028
AU$696.1m
=
9
Forward
AU$6.3B
/
Jun 2029
AU$730.2m
=
8.6
Forward
AU$6.3B
/
Jun 2030
AU$755m
=
8.3
Forward
AU$6.3B
/
Jun 2031
AU$789.1m
=
8
Forward
AU$6.3B
/
Jun 2032
AU$821m
=
7.7
Forward
AU$6.3B
/
Jun 2033
AU$853.1m
=
7.4
Forward

Forward P/E shows whether today’s P/E still looks high or low once future net income are taken into account.

Market Distribution

Lower than 78% of companies in Australia
Percentile
22st
Based on 1 271 companies
22st percentile
12.8
Low
0 — 15.9
Typical Range
15.9 — 36.3
High
36.3 —
Distribution Statistics
Australia
Min 0
30th Percentile 15.9
Median 22.3
70th Percentile 36.3
Max 5 709.2

Dexus
Glance View

Dexus, one of Australia's leading real estate groups, has carved out a robust niche within the property market through its strategic ownership, development, and management of a diverse portfolio of properties. The company's roots trace back to 1984, and over the decades, it has evolved into a dominant player focusing primarily on office and industrial real estate. With properties spanning the bustling heart of Sydney to key locations across the country, Dexus leverages its expertise in maximizing the value of its assets while also providing top-notch property management services. This approach not only solidifies its reputation but also underscores its ability to generate stable cash flows and resilient income streams. The operational model of Dexus hinges on three core pillars: property development, investment, and funds management. By investing in prime real estate, especially in high-demand urban areas, Dexus ensures a steady flow of rental income which forms the backbone of its revenue. Moreover, its development projects often enhance the value of the underlying assets, enabling capital growth. In parallel, Dexus capitalizes on its proficiency in funds management, overseeing substantial funds for third-party investors. This not only diversifies its income but also aligns with its philosophy of fostering enduring relationships with investors by providing transparent and rewarding investment opportunities. Through these integrated strategies, Dexus positions itself as a resilient and versatile player in the ever-evolving real estate landscape.

DXS Intrinsic Value
10.15 AUD
Undervaluation 40%
Intrinsic Value
Price AU$6.12
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