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AXON

Axon Enterprise Inc.

US$413.35-2.10% (-US$8.86)
Day's range
US$408.24 – US$429.76
Day's volume
US$340.2m
52-week range
US$345.94 – US$759.44

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AXON in numbers

Market cap
US$33.6bn
P/E
168.49
P/B
9.14
Dividend yield (12m)
0.00%
Net debt/EBITDA
7.95

AXON trades at 168.49 times its earnings of the last 12 months.

AXON price history

06/10/202502/10/2026
Compare with

AXON risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return-23.47%+79.82%+144.89%
Volatility (annualised)50.92%54.08%49.34%
Largest drawdown-29.26%-51.47%-51.47%
Positive months5/1220/3632/60

How much did investing in AXON return?

US$1,000.00 invested on 01/11/2021 would be worth US$2,448.90 today.

Value today in AXON
US$2,448.90
Return over the period
+144.89%
Return per year
+19.98%
In the S&P 500
US$1,690.98

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

AXON fundamentals

Valuation

  • P/E
    168.49
  • P/B
    9.14
  • EV/EBITDA
    260.14
  • EV/EBIT
    1,456.97
  • EV/Revenue
    10.76
  • P/EBIT
    1,412.45
  • P/S
    10.43
  • P/OCF
    126.33
  • P/FCF
    252.11
  • Earnings yield
    0.07%
  • PEG ratio
    —
  • Earnings per share
    US$2.45
  • Book value per share
    US$45.23

Debt

  • Net debt
    US$1.1bn
  • Net debt/EBITDA
    7.95
  • Net debt/Equity
    0.29
  • Debt/Equity
    0.47
  • Current ratio
    2.15
  • Quick ratio
    1.80
  • Cash ratio
    0.48

Efficiency

  • Gross margin
    59.41%
  • EBITDA margin
    4.14%
  • Operating margin
    0.74%
  • Net margin
    6.19%
  • Asset turnover
    0.43

Profitability

  • ROE
    5.42%
  • ROA
    2.66%
  • ROIC
    0.50%
  • Payout
    0.00%

Growth

  • Revenue CAGR (5 years)
    31.90%
  • Earnings CAGR (5 years)
    —
  • Revenue growth (year)
    —
  • Earnings growth (year)
    —
  • Revenue growth (quarter)
    —
  • Earnings growth (quarter)
    —

What is AXON's fair price?

Two classic value formulas, with today's numbers. The current price is US$413.35.

Graham's fair price
US$49.97
87.91% below the price

√(22.50 × US$2.45 × US$45.23)

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price
—
Does not apply to AXON: it paid no distributions in the last five years.

Décio Bazin only bought shares yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years divided by 6%.

Graham ignores growth and debt; Bazin assumes past distributions will repeat. They are reference points for comparison, not a buy recommendation.

AXON indicators by year

Multiples at each year's closing price; margins and returns from that year's accounts.

Indicator20252024202320222021202020192018
P/E366.29120.78110.6682.28-197.67-4,533.314,945.8388.13
P/B14.0819.5612.049.5110.608.018.035.51
EV/EBITDA2,170.47424.73107.21104.14——878.2472.59
Earnings per shareUS$1.55US$4.92US$2.33US$2.02-US$0.79-US$0.03US$0.01US$0.50
Book value per shareUS$40.33US$30.38US$21.46US$17.44US$14.81US$15.31US$9.13US$7.94
ROE3.84%16.20%10.88%11.56%-5.36%-0.18%0.16%6.25%
ROIC-1.85%2.61%14.93%5.48%-6.42%-0.40%-0.50%5.32%
Gross margin59.65%59.61%61.22%61.16%63.04%61.13%57.88%61.56%
EBITDA margin0.76%5.14%11.29%9.78%-16.69%-0.25%0.94%8.44%
Net margin4.48%18.10%11.26%12.38%-6.51%-0.25%0.17%6.95%
Net debt/EBITDA4.94-1.01-3.21—————

AXON financial statements

Line202520242023202220212020
Net revenueUS$2.8bnUS$2.1bnUS$1.6bnUS$1.2bnUS$865.6mUS$681m
Cost of sales-US$1.1bn-US$841.1m-US$605.2m-US$461m-US$319.9m-US$264.7m
Gross profitUS$1.7bnUS$1.2bnUS$955.5mUS$726.1mUS$545.7mUS$416.3m
EBITDAUS$21.1mUS$107mUS$176.2mUS$116.1m-US$144.5m-US$1.7m
EBIT-US$62.1mUS$58.5mUS$156.9mUS$93m-US$163.1m-US$14.2m
Net finance result——————
Profit before taxUS$19mUS$381.5mUS$157.1mUS$196.2m-US$136.4m-US$6.3m
Income taxUS$105.7m-US$4.5mUS$18.7m-US$49.3mUS$80.1mUS$4.6m
Net incomeUS$124.7mUS$377mUS$175.8mUS$146.9m-US$56.3m-US$1.7m

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

Does AXON pay dividends?

AXON has no distributions on record.

About Axon Enterprise

Sector
Manufacturing

Questions about AXON

How much is AXON today?

AXON is at US$413.35 (-2.10% on the day), last traded on 02/10/2026.

What are the P/E and P/B of AXON?

AXON trades at a P/E of 168.49 and a P/B of 9.14.

How much did AXON return in 12 months?

AXON returned -23.47% in 12 months, with annualised volatility of 50.92% and a largest drawdown of -29.26%.