Axon Enterprise, Inc AXON

430.11 (14.89) (3.35%) as of 25 Sep
Market cap
$36.2B
P/E
173×
Indexes indicate stock being part of an index,
Growth Flags show if company had growth for consecutive years

Axon Enterprise, Inc (AXON) P/B ratio

As of 25 September 2026, Axon Enterprise, Inc (AXON) trades at a P/B ratio of 9.4×. Over the past ten years it has ranged from 4.9× (January 2016) to 24.9× (December 2024); the current reading is higher than 51% of that period. That is above the Aerospace & Defense industry median of 3.2× and above the Industrials sector median of 2.4×.

P/B ratio, daily

Annual

Period P/B ratio Change
FY2025 13.7× (29.29%)
FY2024 19.3× 67.38%
FY2023 11.6× 22.54%
FY2022 9.4× (4.92%)
FY2021 9.9× 27.90%
FY2020 7.8× (2.84%)
FY2019 8.0× 51.17%
FY2018 5.3× (36.85%)
FY2017 8.4× (2.56%)
FY2016 8.6× 45.49%

Quarterly

Period P/B ratio Change
Jun 2026 12.3× 27.63%
Mar 2026 9.6× (29.57%)
Dec 2025 13.7× (26.42%)
Sep 2025 18.6× (21.36%)
42 more quarters

Against its own ten years

Low 4.9× High 24.9×
Ten-year median 9.3×
Current reading's percentile 51

P/B ratio against peers

Company P/B ratio
TDG Transdigm Group Incorporated compare n/m
LHX L3Harris Technologies Inc compare 2.2×
HEI.A Heico Corporation compare 6.5×
CW Curtiss-Wright Corporation compare 7.2×
WWD Woodward, Inc. compare 7.9×
ESLT Elbit Systems Ltd. compare 8.1×
HEI Heico Corporation compare 8.6×
AXON Axon Enterprise, Inc 9.4×
RKLB Rocket Lab Corporation compare 13.3×
Aerospace & Defense industry median 3.2×
Industrials sector median 2.4×
Market median 1.8×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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