AXIS Capital Holdings Limited

NYSE:AXS Stock Report

Market Cap: US$7.7b

AXIS Capital Holdings Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Discounted Cash Flow
Simply Wall St
US$303.47
Fair Value
69.0% undervalued intrinsic discount
8
Number of Analysts

Below Fair Value: AXS ($94.19) is trading below our estimate of fair value ($303.47)

Significantly Below Fair Value: AXS is trading below fair value by more than 20%.

Key Valuation Metric

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

Key metric: As AXS is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for AXS. This is calculated by dividing AXS's market cap by their current earnings.
What is AXS's PE Ratio?
PE Ratio7.5x
EarningsUS$1.05b
Market CapUS$7.74b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for AXS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average15.1x
RLI RLI
20.7x-2.7%US$7.1b
THG Hanover Insurance Group
14.1x13.5%US$5.8b
AIZ Assurant
14.9x13.7%US$11.0b
ORI Old Republic International
10.9x-1.4%US$9.1b
AXS AXIS Capital Holdings
7.5x-1.5%US$7.7b

Price-To-Earnings vs Peers: AXS is good value based on its Price-To-Earnings Ratio (7.5x) compared to the peer average (15.1x).

Price to Earnings Ratio vs Industry

How does AXS's PE Ratio compare vs other companies in the US Insurance Industry?

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
LNC Lincoln National
1.9x-35.8%US$5.75b
UTGN UTG
2.1xn/aUS$93.89m
AIFU AIX
1.1xn/aUS$21.39m
AORE.F American Overseas Group
2.3xn/aUS$15.74m
AXS 7.5xIndustry Avg. 12.5xNo. of Companies17PE01020304050+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: AXS is good value based on its Price-To-Earnings Ratio (7.5x) compared to the US Insurance industry average (13.2x).

Price to Earnings Ratio vs Fair Ratio

What is AXS'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.

AXS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.5x
Fair PE Ratio12x

Price-To-Earnings vs Fair Ratio: AXS is good value based on its Price-To-Earnings Ratio (7.5x) compared to the estimated Fair Price-To-Earnings 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 AXS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$94.19
US$107.50
+14.1%
10.1%US$127.00US$94.00n/a8
Jan ’26US$88.62
US$106.29
+19.9%
11.3%US$127.00US$89.00n/a7
Dec ’25US$93.04
US$97.86
+5.2%
14.0%US$127.00US$78.00n/a7
Nov ’25US$79.04
US$95.43
+20.7%
11.7%US$118.00US$78.00n/a7
Oct ’25US$79.72
US$85.50
+7.3%
7.2%US$92.00US$74.00n/a6
Sep ’25US$79.88
US$85.50
+7.0%
7.2%US$92.00US$74.00n/a6
Aug ’25US$74.65
US$82.17
+10.1%
11.0%US$90.00US$63.00n/a6
Jul ’25US$70.00
US$76.33
+9.0%
9.5%US$86.00US$63.00n/a6
Jun ’25US$73.88
US$76.33
+3.3%
9.5%US$86.00US$63.00n/a6
May ’25US$61.94
US$74.00
+19.5%
11.0%US$82.00US$57.00n/a6
Apr ’25US$65.01
US$71.50
+10.0%
9.2%US$80.00US$59.00n/a6
Mar ’25US$60.86
US$70.67
+16.1%
9.0%US$80.00US$59.00n/a6
Feb ’25US$57.16
US$67.14
+17.5%
13.7%US$77.00US$52.00US$91.027
Jan ’25US$55.37
US$66.00
+19.2%
13.6%US$77.00US$51.00US$88.627
Dec ’24US$57.28
US$66.00
+15.2%
13.6%US$77.00US$51.00US$93.047
Nov ’24US$57.92
US$64.86
+12.0%
13.7%US$77.00US$51.00US$79.047
Oct ’24US$56.37
US$65.43
+16.1%
13.7%US$77.00US$51.00US$79.727
Sep ’24US$55.82
US$65.33
+17.0%
14.0%US$77.00US$53.00US$79.886
Aug ’24US$55.13
US$65.17
+18.2%
14.1%US$77.00US$54.00US$74.656
Jul ’24US$53.83
US$68.33
+26.9%
10.7%US$77.00US$58.00US$70.006
Jun ’24US$51.68
US$68.17
+31.9%
10.8%US$77.00US$58.00US$73.886
May ’24US$57.00
US$67.83
+19.0%
11.0%US$77.00US$58.00US$61.946
Apr ’24US$54.52
US$67.00
+22.9%
10.6%US$75.00US$56.00US$65.016
Mar ’24US$60.84
US$65.50
+7.7%
14.1%US$75.00US$49.00US$60.866
Feb ’24US$61.54
US$65.50
+6.4%
14.1%US$75.00US$49.00US$57.166
Analyst Price Target
Consensus Narrative from 8 Analysts
US$107.50
Fair Value
12.4% undervalued intrinsic discount
8
Number of Analysts

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/06 08:05
End of Day Share Price 2025/02/06 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

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

AXIS Capital Holdings Limited is covered by 27 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Charles LedererBMO Capital Markets Equity Research
Charles SebaskiBMO Capital Markets U.S. (Historical)
Joshua ShankerBofA Global Research