Axon Enterprise, Inc.

NasdaqGS:AXON Stock Report

Market Cap: US$48.6b

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

  • Below Fair Value

  • Significantly Below Fair 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 AXON when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: AXON ($636.95) is trading above our estimate of fair value ($410.06)

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

Key Valuation Metric

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

Key metric: As AXON is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for AXON. This is calculated by dividing AXON's market cap by their current revenue.
What is AXON's PS Ratio?
PS Ratio25x
SalesUS$1.94b
Market CapUS$48.57b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for AXON vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average7x
HWM Howmet Aerospace
6.6x8.7%US$48.1b
HEI HEICO
10.2x7.8%US$33.4b
LHX L3Harris Technologies
2.2x4.3%US$47.1b
TDG TransDigm Group
8.9x8.2%US$70.9b
AXON Axon Enterprise
25x20.9%US$48.6b

Price-To-Sales vs Peers: AXON is expensive based on its Price-To-Sales Ratio (25x) compared to the peer average (7x).

Price to Sales Ratio vs Industry

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

7 CompaniesPrice / SalesEstimated GrowthMarket Cap
VVX V2X
0.5x5.2%US$1.92b
LLAP Terran Orbital
0.4x29.5%US$51.22m
SIF SIFCO Industries
0.2xn/aUS$24.78m
AIRI Air Industries Group
0.3x8.9%US$15.18m
AXON 25.0xIndustry Avg. 2.6xNo. of Companies10PS0246810+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: AXON is expensive based on its Price-To-Sales Ratio (25x) compared to the US Aerospace & Defense industry average (2.6x).

Price to Sales Ratio vs Fair Ratio

What is AXON'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.

AXON PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio25x
Fair PS Ratio12x

Price-To-Sales vs Fair Ratio: AXON is expensive based on its Price-To-Sales Ratio (25x) compared to the estimated Fair Price-To-Sales Ratio (12x).

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$636.95
US$563.46
-11.5%
14.9%US$750.00US$385.00n/a13
Nov ’25US$425.84
US$429.92
+1.0%
12.9%US$525.00US$365.00n/a13
Oct ’25US$399.22
US$385.31
-3.5%
5.5%US$430.00US$335.00n/a13
Sep ’25US$364.97
US$378.00
+3.6%
4.4%US$400.00US$335.00n/a13
Aug ’25US$299.63
US$369.62
+23.4%
6.1%US$400.00US$320.00n/a13
Jul ’25US$289.21
US$367.27
+27.0%
6.5%US$400.00US$320.00n/a11
Jun ’25US$281.67
US$357.80
+27.0%
10.9%US$400.00US$253.58n/a12
May ’25US$311.57
US$328.38
+5.4%
11.2%US$400.00US$253.58n/a12
Apr ’25US$311.37
US$309.22
-0.7%
7.1%US$339.00US$253.58n/a12
Mar ’25US$314.25
US$309.22
-1.6%
7.1%US$339.00US$253.58n/a12
Feb ’25US$252.70
US$261.47
+3.5%
8.7%US$297.00US$233.00n/a12
Jan ’25US$258.33
US$249.63
-3.4%
3.8%US$265.00US$233.00n/a12
Dec ’24US$231.51
US$243.50
+5.2%
5.1%US$265.00US$220.00n/a12
Nov ’24US$207.15
US$236.42
+14.1%
3.5%US$250.00US$220.00US$425.8412
Oct ’24US$198.99
US$235.92
+18.6%
3.4%US$250.00US$220.00US$399.2212
Sep ’24US$215.39
US$235.92
+9.5%
3.4%US$250.00US$220.00US$364.9712
Aug ’24US$183.33
US$238.64
+30.2%
5.1%US$262.00US$220.00US$299.6311
Jul ’24US$195.12
US$238.64
+22.3%
5.1%US$262.00US$220.00US$289.2111
Jun ’24US$192.14
US$241.15
+25.5%
4.5%US$262.00US$223.00US$281.6711
May ’24US$216.00
US$243.61
+12.8%
8.6%US$300.00US$223.00US$311.5711
Apr ’24US$224.85
US$236.90
+5.4%
4.6%US$263.00US$223.00US$311.3710
Mar ’24US$221.06
US$232.80
+5.3%
3.2%US$242.00US$222.00US$314.2510
Feb ’24US$198.39
US$197.09
-0.7%
14.0%US$240.00US$155.00US$252.7011
Jan ’24US$165.93
US$184.00
+10.9%
11.5%US$223.00US$152.00US$258.3311
Dec ’23US$185.55
US$179.00
-3.5%
13.7%US$223.00US$130.00US$231.5111
Nov ’23US$147.59
US$155.45
+5.3%
18.4%US$223.00US$120.00US$207.1511

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

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