Dexus
ASX:DXS
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EV/EBIT
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.
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.
Valuation Scenarios
If EV/EBIT returns to its 3-Year Average (32.5), the stock would be worth AU$5.68 (8% downside from current price).
| Scenario | EV/EBIT Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 35.2 | AU$6.15 |
0%
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| 3-Year Average | 32.5 | AU$5.68 |
-8%
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| 5-Year Average | 32.7 | AU$5.72 |
-7%
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| Industry Average | 20.5 | AU$3.58 |
-42%
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| 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 | ||
|---|---|---|---|---|
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AU$10.4B
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/ |
Jan 2026
AU$304m
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= |
|
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AU$10.4B
|
/ |
Jun 2026
AU$825.3m
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= |
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AU$10.4B
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/ |
Jun 2027
AU$804.5m
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= |
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AU$10.4B
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/ |
Jun 2028
AU$857m
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= |
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Forward EV/EBIT shows whether today’s EV/EBIT still looks high or low once future ebit are taken into account.
Peer Comparison
| Market Cap | EV/EBIT | P/E | ||||
|---|---|---|---|---|---|---|
| AU |
|
Dexus
ASX:DXS
|
6.6B AUD | 35.2 | 12.8 | |
| US |
|
Boston Properties Inc
NYSE:BXP
|
9.2B USD | 24.3 | 33.3 | |
| US |
|
Alexandria Real Estate Equities Inc
NYSE:ARE
|
8.3B USD | 30.1 | -5.8 | |
| FR |
|
Covivio SA
PAR:COV
|
6.7B EUR | 18.5 | 9 | |
| JP |
|
Nippon Building Fund Inc
TSE:8951
|
1.2T JPY | 37.1 | 27.6 | |
| US |
|
COPT Defense Properties
NYSE:CDP
|
7.2B USD | 42.3 | 47.8 | |
| JP |
|
Japan Real Estate Investment Corp
TSE:8952
|
860.8B JPY | 31.9 | 23.6 | |
| US |
|
Vornado Realty Trust
NYSE:VNO
|
5.6B USD | 45.3 | 6.6 | |
| SG |
|
Keppel REIT
SGX:K71U
|
4.6B | 0 | 0 | |
| JP |
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Kenedix Office Investment Corp
TSE:8972
|
676.2B JPY | 28 | 20 | |
| ES |
|
Inmobiliaria Colonial SOCIMI SA
MAD:COL
|
3.5B EUR | 24.2 | 10 |
Market Distribution
| Min | 0 |
| 30th Percentile | 10.7 |
| Median | 16.8 |
| 70th Percentile | 24.5 |
| Max | 6 797.5 |
Other Multiples
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.