Price to Earnings (P/E)
since 2005
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Axon Enterprise Inc. pages available for free this week:
- Cash Flow Statement
- Common-Size Balance Sheet: Assets
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Selected Financial Data since 2005
- Return on Equity (ROE) since 2005
- Current Ratio since 2005
- Debt to Equity since 2005
- Total Asset Turnover since 2005
- Price to Operating Profit (P/OP) since 2005
- Aggregate Accruals
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Calculation
Axon Enterprise Inc., P/E, long-term trends, calculation
| P/E | = | Share price1, 2, 3 | ÷ | Earnings per share1 (EPS) | EPS1 | = | Net income (loss)1 (in thousands) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 28, 2023 | = | ÷ | = | ÷ | |||||||
| Feb 25, 2022 | = | ÷ | = | ÷ | |||||||
| Feb 26, 2021 | = | ÷ | = | ÷ | |||||||
| Feb 28, 2020 | = | ÷ | = | ÷ | |||||||
| Feb 27, 2019 | = | ÷ | = | ÷ | |||||||
| Mar 1, 2018 | = | ÷ | = | ÷ | |||||||
| Mar 6, 2017 | = | ÷ | = | ÷ | |||||||
| Mar 7, 2016 | = | ÷ | = | ÷ | |||||||
| Mar 12, 2015 | = | ÷ | = | ÷ | |||||||
| Mar 10, 2014 | = | ÷ | = | ÷ | |||||||
| Mar 8, 2013 | = | ÷ | = | ÷ | |||||||
| Mar 13, 2012 | = | ÷ | = | ÷ | |||||||
| Mar 14, 2011 | = | ÷ | = | ÷ | |||||||
| Mar 15, 2010 | = | ÷ | = | ÷ | |||||||
| Mar 16, 2009 | = | ÷ | = | ÷ | |||||||
| Feb 29, 2008 | = | ÷ | = | ÷ | |||||||
| Mar 15, 2007 | = | ÷ | = | ÷ | |||||||
| Mar 16, 2006 | = | ÷ | = | ÷ |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of Axon Enterprise Inc. Annual Report.
- Share Price Trends
- The share price exhibited significant volatility over the analyzed period. In the early years, the stock price fluctuated between a low of approximately $4.00 and a high near $11.27, with a notable dip to $4.09 in 2009. From 2013 onward, there was a substantial upward trend, with the share price rising from $7.87 to reach a peak of $200.31 by early 2023. Despite some declines, such as a decrease from $165.49 in 2021 to $134.14 in 2022, the overall trajectory was strongly positive in the long term.
- Earnings Per Share (EPS) Patterns
- EPS demonstrated considerable instability and variation. Early EPS values were often negative or close to zero, with intermittent positive values such as $0.24 in 2008 and $0.38 in 2015. There were episodes of negative EPS notably in 2007, 2011, 2012, 2021, and 2022. Despite this inconsistency, a substantial increase to $2.02 in 2023 marked a significant improvement in profitability, contrasting with the negative EPS of the previous year (-$0.85).
- Price-to-Earnings (P/E) Ratio Behavior
- The P/E ratio was characterized by high variability and occasional extremely large values, reflecting the impact of volatile earnings. Initial ratios were markedly high, such as 589.19 in 2006 and 69.55 in 2009. Several years lacked data for this ratio, potentially due to negative or zero earnings preventing meaningful calculation. Some years showed moderate P/E levels around 28.22 to 68.17 (2013–2017), but a dramatic spike to 5221.88 in 2020 and a subsequent drop to 99.19 in 2023 highlighted extreme market valuation relative to earnings in certain periods. The fluctuating P/E ratios indicate an unstable earnings foundation coupled with variable market sentiment.
- Overall Financial Insights
- The financial data reveals a company experiencing periods of earnings instability and rapidly changing market valuations. Despite inconsistent profitability, investor confidence appears to have grown substantially over time, as shown by the considerable rise in share price. The sharp EPS increase in 2023 suggests potential earnings improvement or successful operational outcomes after several challenging years. P/E fluctuations imply that market valuations were sometimes driven more by growth expectations or speculative factors than by stable earnings performance.
Comparison to Competitors
Axon Enterprise Inc., P/E, long-term trends, comparison to competitors
| Axon Enterprise Inc. | Boeing Co. | Caterpillar Inc. | Eaton Corp. plc | GE Aerospace | Honeywell International Inc. | Lockheed Martin Corp. | RTX Corp. | |
|---|---|---|---|---|---|---|---|---|
| Feb 28, 2023 | ||||||||
| Feb 25, 2022 | ||||||||
| Feb 26, 2021 | ||||||||
| Feb 28, 2020 | ||||||||
| Feb 27, 2019 | ||||||||
| Mar 1, 2018 | ||||||||
| Mar 6, 2017 | ||||||||
| Mar 7, 2016 | ||||||||
| Mar 12, 2015 | ||||||||
| Mar 10, 2014 | ||||||||
| Mar 8, 2013 | ||||||||
| Mar 13, 2012 | ||||||||
| Mar 14, 2011 | ||||||||
| Mar 15, 2010 | ||||||||
| Mar 16, 2009 | ||||||||
| Feb 29, 2008 | ||||||||
| Mar 15, 2007 | ||||||||
| Mar 16, 2006 |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Capital Goods)
Axon Enterprise Inc., P/E, long-term trends, comparison to sector (capital goods)
| Axon Enterprise Inc. | Capital Goods | |
|---|---|---|
| Feb 28, 2023 | ||
| Feb 25, 2022 | ||
| Feb 26, 2021 | ||
| Feb 28, 2020 | ||
| Feb 27, 2019 | ||
| Mar 1, 2018 | ||
| Mar 6, 2017 | ||
| Mar 7, 2016 | ||
| Mar 12, 2015 | ||
| Mar 10, 2014 | ||
| Mar 8, 2013 | ||
| Mar 13, 2012 | ||
| Mar 14, 2011 | ||
| Mar 15, 2010 | ||
| Mar 16, 2009 | ||
| Feb 29, 2008 | ||
| Mar 15, 2007 | ||
| Mar 16, 2006 |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Industrials)
Axon Enterprise Inc., P/E, long-term trends, comparison to industry (industrials)
| Axon Enterprise Inc. | Industrials | |
|---|---|---|
| Feb 28, 2023 | ||
| Feb 25, 2022 | ||
| Feb 26, 2021 | ||
| Feb 28, 2020 | ||
| Feb 27, 2019 | ||
| Mar 1, 2018 | ||
| Mar 6, 2017 | ||
| Mar 7, 2016 | ||
| Mar 12, 2015 | ||
| Mar 10, 2014 | ||
| Mar 8, 2013 | ||
| Mar 13, 2012 | ||
| Mar 14, 2011 | ||
| Mar 15, 2010 | ||
| Mar 16, 2009 | ||
| Feb 29, 2008 | ||
| Mar 15, 2007 | ||
| Mar 16, 2006 |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).