Dexus
ASX:DXS

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Dexus
ASX:DXS
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Price: 6.15 AUD 0.49% Market Closed
Market Cap: AU$6.6B

EV/EBIT

35.2
Current
8%
More Expensive
vs 3-y median of 32.5

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
35.2
=
Enterprise Value
AU$10.4B
/
EBIT
AU$304m

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
35.2
=
Enterprise Value
AU$10.4B
/
EBIT
AU$304m

Valuation Scenarios

Dexus is trading above its 3-year average

If EV/EBIT returns to its 3-Year Average (32.5), the stock would be worth AU$5.68 (8% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-52%
Maximum Upside
No Upside Scenarios
Average Downside
27%
Scenario EV/EBIT Value Implied Price Upside/Downside
Current Multiple 35.2 AU$6.15
0%
3-Year Average 32.5 AU$5.68
-8%
5-Year Average 32.7 AU$5.72
-7%
Industry Average 20.5 AU$3.58
-42%
Country Average 16.8 AU$2.94
-52%

Forward EV/EBIT
Today’s price vs future ebit

Today's Enterprise Value EBIT Forward EV/EBIT
AU$10.4B
/
Jan 2026
AU$304m
=
35.2
Current
AU$10.4B
/
Jun 2026
AU$825.3m
=
12.6
Forward
AU$10.4B
/
Jun 2027
AU$804.5m
=
13
Forward
AU$10.4B
/
Jun 2028
AU$857m
=
12.2
Forward

Forward EV/EBIT shows whether today’s EV/EBIT still looks high or low once future ebit are taken into account.

Peer Comparison

All Multiples
EV/EBIT
P/E
All Countries
Close

Market Distribution

Higher than 84% of companies in Australia
Percentile
84rd
Based on 1 236 companies
84rd percentile
35.2
Low
0 — 10.7
Typical Range
10.7 — 24.5
High
24.5 —
Distribution Statistics
Australia
Min 0
30th Percentile 10.7
Median 16.8
70th Percentile 24.5
Max 6 797.5

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 39%
Intrinsic Value
Price AU$6.15
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