DEXUS

DB:0DPS Stock Report

Market Cap: €3.8b

DEXUS Valuation

Is 0DPS undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 0DPS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: 0DPS (€3.58) is trading below our estimate of future cash flow value (€6.92)

Significantly Below Future Cash Flow Value: 0DPS is trading below future cash flow value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0DPS?

Key metric: As 0DPS is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 0DPS. This is calculated by dividing 0DPS's market cap by their current revenue.
What is 0DPS's PS Ratio?
PS Ratio13.7x
SalesAU$459.23m
Market CapAU$6.29b

Price to Sales Ratio vs Peers

How does 0DPS's PS Ratio compare to its peers?

The above table shows the PS ratio for 0DPS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average8.1x
BIRET Brookfield India Real Estate Trust
8.4x11.71%₹285.4b
EMBASSY Embassy Office Parks REIT
8.5x10.24%₹412.6b
CUZ Cousins Properties
4.7x3.47%US$4.8b
AREIT AREIT
10.7x4.36%₱158.0b
0DPS DEXUS
13.7x15.65%€6.3b

Price-To-Sales vs Peers: 0DPS is expensive based on its Price-To-Sales Ratio (13.7x) compared to the peer average (8.1x).

Historical Price to Sales Ratio

Historical Price to Sales Ratio compares a stock's price to its sales over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Sales Ratio vs Industry

How does 0DPS's PS Ratio compare vs other companies in the European Office REITs Industry?

1 CompanyPrice / SalesEstimated GrowthMarket Cap
0DPS 13.7xIndustry Avg. 5.4xNo. of Companies5PS048121620+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 0DPS is expensive based on its Price-To-Sales Ratio (13.7x) compared to the European Office REITs industry average (5.4x).

Price to Sales Ratio vs Fair Ratio

What is 0DPS's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

0DPS PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio13.7x
Fair PS Ratio13.8x

Price-To-Sales vs Fair Ratio: 0DPS is good value based on its Price-To-Sales Ratio (13.7x) compared to the estimated Fair Price-To-Sales Ratio (13.8x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 0DPS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€3.58
€4.03
+12.38%
10.87%€5.06€3.41n/a11
Aug ’27€3.64
€4.13
+13.58%
12.39%€5.18€3.48n/a11
Jul ’27€3.25
€4.17
+28.12%
11.11%€5.17€3.69n/a11
Jun ’27€3.40
€4.33
+27.37%
13.29%€5.79€3.74n/a11
May ’27€3.79
€4.40
+16.14%
13.27%€5.86€3.72n/a11
Apr ’27€3.52
€4.61
+31.23%
11.83%€5.89€3.74n/a11
Mar ’27€4.00
€4.56
+13.97%
11.79%€5.78€3.68n/a10
Feb ’27€3.93
€4.53
+15.29%
11.52%€5.64€3.54n/a11
Jan ’27€3.98
€4.47
+12.16%
10.88%€5.42€3.40n/a11
Dec ’26€4.04
€4.58
+13.32%
8.00%€5.42€4.18n/a10
Nov ’26€4.10
€4.60
+12.12%
8.00%€5.45€4.20n/a10
Oct ’26€4.02
€4.57
+13.54%
7.62%€5.38€4.15n/a10
Sep ’26€4.20
€4.51
+7.43%
7.73%€5.36€4.05n/a10
Aug ’26€3.92
€4.43
+12.85%
9.79%€5.37€3.97€3.6410
Jul ’26€3.73
€4.46
+19.51%
9.86%€5.35€3.96€3.2510
Jun ’26€3.92
€4.57
+16.62%
8.92%€5.45€4.05€3.4010
May ’26€4.16
€4.55
+9.17%
8.67%€5.37€4.11€3.7910
Apr ’26€4.14
€4.86
+17.50%
8.67%€5.74€4.40€3.5210
Mar ’26€4.35
€4.86
+11.89%
8.67%€5.74€4.40€4.0010
Feb ’26€4.32
€4.79
+10.81%
9.90%€5.78€4.33€3.9310
Jan ’26€4.06
€4.86
+19.83%
10.29%€5.78€3.93€3.9810
Dec ’25€4.45
€4.88
+9.54%
10.41%€5.81€3.95€4.0410
Nov ’25€4.16
€4.88
+17.22%
10.41%€5.81€3.95€4.1010
Oct ’25€4.58
€4.99
+9.01%
14.06%€6.72€4.06€4.0210
Sep ’25€4.30
€4.75
+10.68%
14.78%€6.56€3.96€4.2010
Aug ’25€4.15
€4.93
+18.93%
13.18%€6.52€3.93€3.9210
€4.02
Fair Value
10.9% undervalued intrinsic discount
11
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/08/21 06:52
End of Day Share Price 2026/08/20 00:00
Earnings2026/06/30
Annual Earnings2026/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

DEXUS is covered by 18 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Nicholas McGarrigleBarrenjoey Markets Pty Limited
Adam CalvettiBofA Global Research
Howard PennyCitigroup Inc