We’ve recently updated our valuation analysis.

Axon Enterprise Valuation

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

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

AXON key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue12.8x
Enterprise Value/EBITDA204.9x
PEG Ratio22.8x

Price to Earnings Ratio vs Peers

How does AXON's PE Ratio compare to its peers?

The above table shows the PE ratio for AXON vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average34.3x
TXT Textron
18x7.7%US$15.5b
HEI HEICO
66.1x12.8%US$20.2b
HII Huntington Ingalls Industries
15x10.4%US$8.7b
HWM Howmet Aerospace
38.1x20.0%US$16.5b
AXON Axon Enterprise
135x5.9%US$14.1b

Price-To-Earnings vs Peers: AXON is expensive based on its Price-To-Earnings Ratio (135x) compared to the peer average (34.3x).


Price to Earnings Ratio vs Industry

How does AXON's PE Ratio compare vs other companies in the US Aerospace & Defense Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a11.0%
n/an/an/a

Price-To-Earnings vs Industry: AXON is expensive based on its Price-To-Earnings Ratio (135x) compared to the US Aerospace & Defense industry average (24.8x)


Price to Earnings Ratio vs Fair Ratio

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

AXON PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio135x
Fair PE Ratio21.2x

Price-To-Earnings vs Fair Ratio: AXON is expensive based on its Price-To-Earnings Ratio (135x) compared to the estimated Fair Price-To-Earnings Ratio (21.2x).


Share Price vs Fair Value

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

Below Fair Value: AXON ($198.19) is trading above our estimate of fair value ($114.08)

Significantly Below Fair Value: AXON is trading above our estimate of fair value.


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 AXON forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$198.19
US$197.09
-0.6%
14.0%US$240.00US$155.00n/a11
Jan ’24US$165.93
US$184.00
+10.9%
11.5%US$223.00US$152.00n/a11
Dec ’23US$185.55
US$179.00
-3.5%
13.7%US$223.00US$130.00n/a11
Nov ’23US$147.59
US$155.45
+5.3%
18.4%US$223.00US$120.00n/a11
Oct ’23US$115.75
US$155.45
+34.3%
18.4%US$223.00US$120.00n/a11
Sep ’23US$115.00
US$156.30
+35.9%
19.1%US$223.00US$120.00n/a10
Aug ’23US$111.00
US$152.60
+37.5%
20.9%US$223.00US$120.00n/a10
Jul ’23US$93.23
US$156.10
+67.4%
20.2%US$223.00US$120.00n/a10
Jun ’23US$99.35
US$156.10
+57.1%
20.2%US$223.00US$120.00n/a10
May ’23US$112.20
US$190.67
+69.9%
12.5%US$223.00US$145.00n/a9
Apr ’23US$139.31
US$196.60
+41.1%
9.8%US$223.00US$170.00n/a10
Mar ’23US$142.12
US$196.60
+38.3%
9.8%US$223.00US$170.00n/a10
Feb ’23US$144.00
US$219.90
+52.7%
9.5%US$250.00US$180.00US$198.3910
Jan ’23US$157.00
US$222.40
+41.7%
8.9%US$250.00US$180.00US$165.9310
Dec ’22US$164.77
US$227.67
+38.2%
5.9%US$250.00US$200.00US$185.559
Nov ’22US$180.67
US$213.00
+17.9%
8.7%US$250.00US$184.00US$147.599
Oct ’22US$178.77
US$213.00
+19.1%
8.7%US$250.00US$184.00US$115.759
Sep ’22US$181.65
US$213.00
+17.3%
8.7%US$250.00US$184.00US$115.009
Aug ’22US$186.02
US$179.89
-3.3%
9.1%US$200.00US$150.00US$111.009
Jul ’22US$173.26
US$179.89
+3.8%
9.1%US$200.00US$150.00US$93.239
Jun ’22US$139.15
US$171.00
+22.9%
9.2%US$197.00US$150.00US$99.359
May ’22US$151.61
US$178.63
+17.8%
10.8%US$200.00US$137.00US$112.208
Apr ’22US$143.06
US$168.11
+17.5%
22.1%US$203.00US$78.00US$139.319
Mar ’22US$169.65
US$168.11
-0.9%
22.1%US$203.00US$78.00US$142.129
Feb ’22US$166.15
US$127.89
-23.0%
21.3%US$185.00US$78.00US$144.009

Analyst Forecast: Target price is lower than the current share price.


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