Common Stock Valuation Ratios (Price Multiples)
Quarterly Data
Valuation ratios measure the quantity of an asset or flaw (e.g., earnings) associated with ownership of a specified claim (e.g., a share of ownership of the enterprise).
Historical Valuation Ratios (Summary)
Axon Enterprise Inc., historical price multiples (quarterly data)
Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
| Valuation ratio | Description | The company |
|---|---|---|
| P/E ratio | The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. | Axon Enterprise Inc. P/E ratio decreased from Q3 2022 to Q4 2022 but then increased from Q4 2022 to Q1 2023 exceeding Q3 2022 level. |
| P/OP ratio | Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. | Axon Enterprise Inc. P/OP ratio decreased from Q3 2022 to Q4 2022 but then slightly increased from Q4 2022 to Q1 2023. |
| P/S ratio | An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. | Axon Enterprise Inc. P/S ratio increased from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023. |
| P/BV ratio | The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. | Axon Enterprise Inc. P/BV ratio increased from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023. |
Price to Earnings (P/E)
Axon Enterprise Inc., historical P/E calculation (quarterly data)
| Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 73,885,305 | 72,862,227 | 71,165,354 | 71,077,807 | 71,011,451 | 70,931,874 | 68,467,571 | 65,675,685 | 64,684,364 | 63,783,849 | 63,549,898 | 63,475,579 | 59,825,208 | 59,528,200 | 59,340,965 | 59,255,274 | 59,127,439 | 58,829,384 | 58,448,574 | 58,319,695 | 53,322,608 | |||||||
| Selected Financial Data (US$) | ||||||||||||||||||||||||||||
| Net income (loss) (in thousands) | 45,139) | 29,175) | 12,131) | 50,962) | 54,871) | (13,508) | 48,524) | (47,117) | (47,917) | 25,834) | (873) | (30,759) | 4,074) | (12,379) | 6,104) | 738) | 6,419) | 2,083) | 5,711) | 8,485) | 12,926) | |||||||
| Earnings per share (EPS)2 | 1.86 | 2.02 | 1.47 | 1.98 | 0.60 | -0.85 | -0.30 | -1.07 | -0.83 | -0.03 | -0.63 | -0.52 | -0.02 | 0.01 | 0.26 | 0.25 | 0.38 | 0.50 | 0.00 | 0.00 | 0.00 | |||||||
| Share price1, 3 | 226.88 | 200.31 | 171.84 | 111.62 | 89.46 | 134.14 | 167.41 | 192.59 | 134.74 | 165.49 | 122.59 | 83.88 | 86.13 | 77.37 | 65.29 | 58.09 | 63.73 | 55.49 | 50.70 | 59.33 | 55.44 | |||||||
| Valuation Ratio | ||||||||||||||||||||||||||||
| P/E ratio4 | 122.00 | 99.19 | 117.07 | 56.33 | 148.53 | — | — | — | — | — | — | — | — | 5,221.88 | 252.50 | 230.23 | 166.01 | 111.78 | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| P/E Ratio, Competitors5 | ||||||||||||||||||||||||||||
| Boeing Co. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Caterpillar Inc. | 15.65 | 19.15 | 15.15 | 14.29 | 18.28 | 16.82 | 21.38 | 25.50 | 37.92 | 36.80 | 25.43 | 17.65 | 11.00 | 12.36 | — | — | — | — | — | — | — | |||||||
| Cummins Inc. | 12.77 | 16.33 | 17.56 | 14.99 | 14.66 | 14.94 | 15.48 | 15.18 | 19.87 | 20.23 | 20.48 | 16.85 | 11.27 | 10.92 | — | — | — | — | — | — | — | |||||||
| Eaton Corp. plc | 26.89 | 27.93 | 26.32 | 25.21 | 26.37 | 27.77 | 33.08 | 34.43 | 40.32 | 37.46 | 31.97 | 25.14 | 15.70 | 18.06 | — | — | — | — | — | — | — | |||||||
| General Electric Co. | 12.78 | — | — | — | — | — | — | — | — | 19.67 | 19.55 | — | — | — | — | — | — | — | — | — | — | |||||||
| Honeywell International Inc. | 25.30 | 26.97 | 24.58 | 25.26 | 25.10 | 23.14 | 27.35 | 31.83 | 33.71 | 29.63 | 23.23 | 17.93 | 15.27 | 20.97 | — | — | — | — | — | — | — | |||||||
| Lockheed Martin Corp. | 22.32 | 20.48 | 19.28 | 22.00 | 19.45 | 16.70 | 15.11 | 14.27 | 15.48 | 13.44 | 15.79 | 16.26 | 17.09 | 19.87 | — | — | — | — | — | — | — | |||||||
| RTX Corp. | 26.67 | 27.59 | 29.12 | 29.83 | 35.16 | 36.79 | 40.28 | 60.91 | — | — | — | — | 12.02 | 24.41 | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Data adjusted for splits and stock dividends.
2 Q1 2023 Calculation
EPS
= (Net income (loss)Q1 2023
+ Net income (loss)Q4 2022
+ Net income (loss)Q3 2022
+ Net income (loss)Q2 2022)
÷ No. shares of common stock outstanding
= (45,139,000 + 29,175,000 + 12,131,000 + 50,962,000)
÷ 73,885,305 = 1.86
3 Closing price as at the filing date of Axon Enterprise Inc. Quarterly or Annual Report.
4 Q1 2023 Calculation
P/E ratio = Share price ÷ EPS
= 226.88 ÷ 1.86 = 122.00
5 Click competitor name to see calculations.
| Valuation ratio | Description | The company |
|---|---|---|
| P/E ratio | The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. | Axon Enterprise Inc. P/E ratio decreased from Q3 2022 to Q4 2022 but then increased from Q4 2022 to Q1 2023 exceeding Q3 2022 level. |
Price to Operating Profit (P/OP)
Axon Enterprise Inc., historical P/OP calculation (quarterly data)
| Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 73,885,305 | 72,862,227 | 71,165,354 | 71,077,807 | 71,011,451 | 70,931,874 | 68,467,571 | 65,675,685 | 64,684,364 | 63,783,849 | 63,549,898 | 63,475,579 | 59,825,208 | 59,528,200 | 59,340,965 | 59,255,274 | 59,127,439 | 58,829,384 | 58,448,574 | 58,319,695 | 53,322,608 | |||||||
| Selected Financial Data (US$) | ||||||||||||||||||||||||||||
| Income (loss) from operations (in thousands) | 16,608) | 22,541) | 32,107) | 21,411) | 17,194) | (27,066) | 2,890) | (93,685) | (50,262) | 5,775) | (5,449) | (13,676) | (800) | (14,386) | 6,616) | (1,295) | 2,671) | 1,993) | 3,966) | 5,299) | 13,583) | |||||||
| Operating profit per share2 | 1.25 | 1.28 | 0.61 | 0.20 | -1.42 | -2.37 | -1.98 | -2.19 | -0.98 | -0.22 | -0.54 | -0.35 | -0.16 | -0.11 | 0.17 | 0.12 | 0.24 | 0.42 | 0.00 | 0.00 | 0.00 | |||||||
| Share price1, 3 | 226.88 | 200.31 | 171.84 | 111.62 | 89.46 | 134.14 | 167.41 | 192.59 | 134.74 | 165.49 | 122.59 | 83.88 | 86.13 | 77.37 | 65.29 | 58.09 | 63.73 | 55.49 | 50.70 | 59.33 | 55.44 | |||||||
| Valuation Ratio | ||||||||||||||||||||||||||||
| P/OP ratio4 | 180.90 | 156.51 | 280.19 | 549.84 | — | — | — | — | — | — | — | — | — | — | 388.02 | 469.28 | 270.53 | 131.41 | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| P/OP Ratio, Competitors5 | ||||||||||||||||||||||||||||
| Boeing Co. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Caterpillar Inc. | 12.67 | 16.25 | 14.25 | 13.65 | 17.16 | 15.87 | 16.57 | 18.76 | 26.25 | 24.23 | 16.79 | 12.06 | 7.79 | 9.08 | — | — | — | — | — | — | — | |||||||
| Cummins Inc. | 9.62 | 11.99 | 12.82 | 11.53 | 11.41 | 11.76 | 12.20 | 11.77 | 15.28 | 15.95 | 16.31 | 14.24 | 9.37 | 9.14 | — | — | — | — | — | — | — | |||||||
| Eaton Corp. plc | 21.74 | 22.78 | 21.52 | 18.06 | 18.52 | 19.33 | 22.62 | 27.06 | 30.03 | 25.83 | 21.15 | 17.02 | 11.54 | 13.95 | — | — | — | — | — | — | — | |||||||
| General Electric Co. | 20.39 | 19.88 | 15.70 | 13.51 | 17.08 | 17.46 | 20.90 | 23.40 | 35.58 | 25.64 | 11.62 | 7.77 | 5.53 | 9.22 | — | — | — | — | — | — | — | |||||||
| Honeywell International Inc. | 19.31 | 20.84 | 21.54 | 21.51 | 22.09 | 20.68 | 23.54 | 25.98 | 28.28 | 24.86 | 20.25 | 17.03 | 13.96 | 18.81 | — | — | — | — | — | — | — | |||||||
| Lockheed Martin Corp. | 15.02 | 14.06 | 13.30 | 11.97 | 13.61 | 11.56 | 10.22 | 11.57 | 12.37 | 10.63 | 12.14 | 12.39 | 12.72 | 14.49 | — | — | — | — | — | — | — | |||||||
| RTX Corp. | 24.68 | 26.48 | 24.82 | 26.15 | 29.36 | 28.68 | 35.30 | 46.33 | — | — | — | 48.47 | 6.01 | 15.07 | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Data adjusted for splits and stock dividends.
2 Q1 2023 Calculation
Operating profit per share
= (Income (loss) from operationsQ1 2023
+ Income (loss) from operationsQ4 2022
+ Income (loss) from operationsQ3 2022
+ Income (loss) from operationsQ2 2022)
÷ No. shares of common stock outstanding
= (16,608,000 + 22,541,000 + 32,107,000 + 21,411,000)
÷ 73,885,305 = 1.25
3 Closing price as at the filing date of Axon Enterprise Inc. Quarterly or Annual Report.
4 Q1 2023 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= 226.88 ÷ 1.25 = 180.90
5 Click competitor name to see calculations.
| Valuation ratio | Description | The company |
|---|---|---|
| P/OP ratio | Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. | Axon Enterprise Inc. P/OP ratio decreased from Q3 2022 to Q4 2022 but then slightly increased from Q4 2022 to Q1 2023. |
Price to Sales (P/S)
Axon Enterprise Inc., historical P/S calculation (quarterly data)
| Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 73,885,305 | 72,862,227 | 71,165,354 | 71,077,807 | 71,011,451 | 70,931,874 | 68,467,571 | 65,675,685 | 64,684,364 | 63,783,849 | 63,549,898 | 63,475,579 | 59,825,208 | 59,528,200 | 59,340,965 | 59,255,274 | 59,127,439 | 58,829,384 | 58,448,574 | 58,319,695 | 53,322,608 | |||||||
| Selected Financial Data (US$) | ||||||||||||||||||||||||||||
| Net sales (in thousands) | 343,043) | 336,142) | 311,754) | 285,613) | 256,426) | 217,578) | 231,989) | 218,795) | 195,019) | 226,140) | 166,442) | 141,259) | 147,162) | 171,851) | 130,837) | 112,362) | 115,810) | 114,791) | 104,836) | 99,226) | 101,215) | |||||||
| Sales per share2 | 17.28 | 16.33 | 15.05 | 13.95 | 13.02 | 12.17 | 12.74 | 12.28 | 11.27 | 10.68 | 9.86 | 9.31 | 9.40 | 8.92 | 7.98 | 7.56 | 7.35 | 7.14 | 0.00 | 0.00 | 0.00 | |||||||
| Share price1, 3 | 226.88 | 200.31 | 171.84 | 111.62 | 89.46 | 134.14 | 167.41 | 192.59 | 134.74 | 165.49 | 122.59 | 83.88 | 86.13 | 77.37 | 65.29 | 58.09 | 63.73 | 55.49 | 50.70 | 59.33 | 55.44 | |||||||
| Valuation Ratio | ||||||||||||||||||||||||||||
| P/S ratio4 | 13.13 | 12.27 | 11.41 | 8.00 | 6.87 | 11.02 | 13.15 | 15.69 | 11.96 | 15.50 | 12.43 | 9.01 | 9.17 | 8.68 | 8.18 | 7.69 | 8.67 | 7.77 | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| P/S Ratio, Competitors5 | ||||||||||||||||||||||||||||
| Boeing Co. | 1.73 | 1.90 | 1.30 | 1.53 | 1.50 | 1.87 | 1.93 | 2.20 | 2.44 | 1.96 | 1.38 | 1.41 | 1.11 | 2.34 | — | — | — | — | — | — | — | |||||||
| Caterpillar Inc. | 1.89 | 2.27 | 2.08 | 1.88 | 2.38 | 2.26 | 2.41 | 2.59 | 3.23 | 2.83 | 2.06 | 1.68 | 1.22 | 1.48 | — | — | — | — | — | — | — | |||||||
| Cummins Inc. | 1.07 | 1.25 | 1.29 | 1.24 | 1.17 | 1.33 | 1.44 | 1.45 | 1.79 | 1.83 | 1.66 | 1.43 | 1.05 | 1.05 | — | — | — | — | — | — | — | |||||||
| Eaton Corp. plc | 3.23 | 3.31 | 2.99 | 2.95 | 2.96 | 3.03 | 3.51 | 3.39 | 3.25 | 2.96 | 2.41 | 2.02 | 1.60 | 1.87 | — | — | — | — | — | — | — | |||||||
| General Electric Co. | 1.51 | 1.20 | 1.11 | 1.10 | 1.25 | 1.50 | 1.64 | 1.60 | 1.68 | 1.41 | 0.84 | 0.71 | 0.67 | 1.18 | — | — | — | — | — | — | — | |||||||
| Honeywell International Inc. | 3.68 | 3.78 | 3.78 | 3.72 | 3.84 | 3.73 | 4.32 | 4.66 | 4.78 | 4.34 | 3.48 | 3.04 | 2.65 | 3.51 | — | — | — | — | — | — | — | |||||||
| Lockheed Martin Corp. | 1.92 | 1.78 | 1.75 | 1.61 | 1.84 | 1.57 | 1.38 | 1.53 | 1.63 | 1.40 | 1.61 | 1.67 | 1.75 | 2.07 | — | — | — | — | — | — | — | |||||||
| RTX Corp. | 2.15 | 2.14 | 1.97 | 2.04 | 2.27 | 2.21 | 2.09 | 2.14 | 2.07 | 1.95 | 1.44 | 1.41 | 0.71 | 1.75 | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Data adjusted for splits and stock dividends.
2 Q1 2023 Calculation
Sales per share
= (Net salesQ1 2023
+ Net salesQ4 2022
+ Net salesQ3 2022
+ Net salesQ2 2022)
÷ No. shares of common stock outstanding
= (343,043,000 + 336,142,000 + 311,754,000 + 285,613,000)
÷ 73,885,305 = 17.28
3 Closing price as at the filing date of Axon Enterprise Inc. Quarterly or Annual Report.
4 Q1 2023 Calculation
P/S ratio = Share price ÷ Sales per share
= 226.88 ÷ 17.28 = 13.13
5 Click competitor name to see calculations.
| Valuation ratio | Description | The company |
|---|---|---|
| P/S ratio | An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. | Axon Enterprise Inc. P/S ratio increased from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023. |
Price to Book Value (P/BV)
Axon Enterprise Inc., historical P/BV calculation (quarterly data)
| Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 73,885,305 | 72,862,227 | 71,165,354 | 71,077,807 | 71,011,451 | 70,931,874 | 68,467,571 | 65,675,685 | 64,684,364 | 63,783,849 | 63,549,898 | 63,475,579 | 59,825,208 | 59,528,200 | 59,340,965 | 59,255,274 | 59,127,439 | 58,829,384 | 58,448,574 | 58,319,695 | 53,322,608 | |||||||
| Selected Financial Data (US$) | ||||||||||||||||||||||||||||
| Stockholders’ equity (in thousands) | 1,402,995) | 1,268,491) | 1,231,313) | 1,193,651) | 1,124,789) | 1,047,849) | 1,113,903) | 1,097,699) | 1,010,904) | 976,255) | 895,153) | 869,813) | 559,590) | 543,495) | 507,647) | 488,927) | 480,539) | 467,324) | 459,662) | 448,842) | 199,329) | |||||||
| Book value per share (BVPS)2 | 18.99 | 17.41 | 17.30 | 16.79 | 15.84 | 14.77 | 16.27 | 16.71 | 15.63 | 15.31 | 14.09 | 13.70 | 9.35 | 9.13 | 8.55 | 8.25 | 8.13 | 7.94 | 7.86 | 7.70 | 3.74 | |||||||
| Share price1, 3 | 226.88 | 200.31 | 171.84 | 111.62 | 89.46 | 134.14 | 167.41 | 192.59 | 134.74 | 165.49 | 122.59 | 83.88 | 86.13 | 77.37 | 65.29 | 58.09 | 63.73 | 55.49 | 50.70 | 59.33 | 55.44 | |||||||
| Valuation Ratio | ||||||||||||||||||||||||||||
| P/BV ratio4 | 11.95 | 11.51 | 9.93 | 6.65 | 5.65 | 9.08 | 10.29 | 11.52 | 8.62 | 10.81 | 8.70 | 6.12 | 9.21 | 8.47 | 7.63 | 7.04 | 7.84 | 6.99 | 6.45 | 7.71 | 14.83 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| P/BV Ratio, Competitors5 | ||||||||||||||||||||||||||||
| Boeing Co. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 1,689.96 | — | — | — | — | |||||||
| Caterpillar Inc. | 6.13 | 8.09 | 7.16 | 6.14 | 6.96 | 6.62 | 6.61 | 6.65 | 7.86 | 7.20 | 5.64 | 5.32 | 4.11 | 5.16 | 5.09 | 4.81 | 5.06 | — | — | — | — | |||||||
| Cummins Inc. | 3.35 | 3.91 | 4.01 | 3.51 | 3.38 | 3.76 | 4.29 | 4.25 | 4.61 | 4.49 | 4.22 | 4.00 | 3.36 | 3.29 | 3.47 | 3.15 | 3.35 | — | — | — | — | |||||||
| Eaton Corp. plc | 3.96 | 4.04 | 3.75 | 3.56 | 3.52 | 3.63 | 4.28 | 4.21 | 3.84 | 3.54 | 3.06 | 2.73 | 2.34 | 2.48 | 2.32 | 2.14 | 2.16 | — | — | — | — | |||||||
| General Electric Co. | 3.39 | 2.43 | 2.53 | 2.26 | 2.27 | 2.64 | 3.15 | 3.43 | 3.53 | 2.89 | 1.95 | 1.71 | 1.63 | 3.66 | 3.16 | 2.55 | 2.52 | — | — | — | — | |||||||
| Honeywell International Inc. | 7.81 | 8.02 | 7.46 | 7.31 | 7.17 | 6.91 | 8.39 | 8.83 | 8.67 | 8.07 | 6.40 | 5.78 | 5.46 | 6.97 | 6.61 | 7.00 | 6.56 | — | — | — | — | |||||||
| Lockheed Martin Corp. | 13.16 | 12.67 | 9.46 | 9.05 | 12.08 | 9.62 | 9.50 | 15.63 | 17.05 | 15.27 | 20.84 | 27.96 | 30.96 | 39.60 | 26.86 | 35.45 | 37.84 | — | — | — | — | |||||||
| RTX Corp. | 2.03 | 1.97 | 1.85 | 1.89 | 2.04 | 1.95 | 1.87 | 1.87 | 1.75 | 1.53 | 1.26 | 1.35 | 1.25 | 3.24 | 3.05 | 2.87 | 3.05 | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Data adjusted for splits and stock dividends.
2 Q1 2023 Calculation
BVPS = Stockholders’ equity ÷ No. shares of common stock outstanding
= 1,402,995,000 ÷ 73,885,305 = 18.99
3 Closing price as at the filing date of Axon Enterprise Inc. Quarterly or Annual Report.
4 Q1 2023 Calculation
P/BV ratio = Share price ÷ BVPS
= 226.88 ÷ 18.99 = 11.95
5 Click competitor name to see calculations.
| Valuation ratio | Description | The company |
|---|---|---|
| P/BV ratio | The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. | Axon Enterprise Inc. P/BV ratio increased from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023. |