Price to Sales (P/S)
since 2005
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- 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/S, long-term trends, calculation
| P/S | = | Share price1, 2, 3 | ÷ | Sales per share1 | Sales per share1 | = | Net sales1 (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 considerable volatility over the period analyzed. Beginning at $10.11 in early 2006, it declined notably to a low point of $4.00 in 2011. Subsequently, the share price experienced a progressive increase, reaching $200.31 by early 2023, with some fluctuations including a reduction from $165.49 in 2021 to $134.14 in 2022 before rising again to $200.31 in 2023. This overall upward trajectory from 2011 onward indicates significant investor confidence and market valuation growth.
- Sales per Share Development
- Sales per share demonstrated a consistent upward trend throughout the period. Starting from $0.77 in 2006, the figure increased steadily to $16.33 by 2023. There are minor fluctuations evident around the 2010–2012 period, but these are followed by continuous growth, reflecting positive operational performance and revenue growth per share over time.
- Price-to-Sales (P/S) Ratio Movement
- The P/S ratio showed varied behavior across the years. Initially, it decreased sharply from 13.13 in 2006 to a low of 2.72 in 2009, suggesting undervaluation relative to sales or a drop in share price not fully matched by sales decline. Post-2009, the P/S ratio trended upward, peaking at 15.5 in 2021, indicating that the market valuation increased faster than sales per share during that timeframe. Following this peak, the ratio declined somewhat to 11.02 in 2022 before rising again to 12.27 in 2023, remaining elevated compared to earlier years, which may point to heightened investor expectations or premium valuation levels.
- Interrelationship Insights
- The share price and sales per share both increased substantially after 2011, but the P/S ratio indicates that the share price growth outpaced sales growth particularly around 2021. This can signify increasing market optimism or speculative valuation beyond fundamentals. Despite the high P/S ratio, the consistent rise in sales per share supports the underlying revenue strength. The fluctuations in share price and P/S ratio around 2021-2023 suggest some market revaluation phases but overall positive sentiment remains evident given the share price reaching new highs.
Comparison to Competitors
Axon Enterprise Inc., P/S, 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/S, 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/S, 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).