Assessing Dynex Capital (DX) Valuation After Q1 EPS Miss And New Share Repurchase Program
Dynex Capital (DX) reported Q1 2026 earnings that missed EPS expectations but also announced a new share repurchase program. The stock's current P/E ratio of 12.5x makes it appear more expensive than peers but cheaper than the broader US market, with mixed signals from valuation models. While strong recent earnings growth justifies a higher P/E, a discounted cash flow model suggests the stock is overvalued, presenting conflicting signals for investors.