Question 1

What is Axon Enterprise's P/E ratio?

Accepted Answer

Axon Enterprise (AXON) P/E ratio is 196.6× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

What is a good P/E ratio for Axon Enterprise?

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For Axon Enterprise specifically, the relevant sector benchmark is the current sector median of 27.8×.

Question 5

Is Axon Enterprise's P/E ratio high or low?

Accepted Answer

Axon Enterprise's P/E ratio of 196.6× is above its own 5-year average of 139.1× and above the sector median of 27.8×. That places the current reading at the 92th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Axon Enterprise's historical P/E ratio range?

Accepted Answer

In the available daily series, Axon Enterprise (AXON) P/E ratio has ranged from a low of 25.1× in 2002 to a high of 4933.0× in 2019. The 5-year average is 139.1× and the 5-year median is 118.9×.

Question 7

What was Axon Enterprise's P/E ratio in 2025?

Accepted Answer

Axon Enterprise (AXON) P/E ratio at the end of 2025 was 365.5×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

Why does Axon Enterprise's P/E ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$45.7B	$125M	365.5×	+245.2×	Dec 31, 2025
2024	$45.4B	$377M	120.4×	+10.2×	Dec 31, 2024
2023	$19.4B	$176M	110.2×	+29.8×	Dec 31, 2023
2022	$11.8B	$147M	80.4×	—	Dec 31, 2022
2021	$10.5B	-$60M	—	—	Dec 31, 2021
2020	$7.8B	-$1.72M	—	—	Dec 31, 2020
2019	$4.35B	$882K	4933.0×	+4845.4×	Dec 31, 2019
2018	$2.56B	$29.2M	87.6×	-173.4×	Dec 31, 2018
2017	$1.36B	$5.21M	261.0×	+187.7×	Dec 31, 2017
2016	$1.27B	$17.3M	73.3×	+26.7×	Dec 31, 2016
2015	$928M	$19.9M	46.5×	-23.6×	Dec 31, 2015
2014	$1.4B	$19.9M	70.1×	+28.1×	Dec 31, 2014
2013	$831M	$19.8M	42.0×	+9.3×	Dec 31, 2013
2012	$481M	$14.7M	32.7×	—	Dec 31, 2012
2011	$304M	-$7.04M	—	—	Dec 31, 2011
2010	$294M	-$4.38M	—	—	Dec 31, 2010
2009	$271M	-$1.11K	—	—	Dec 31, 2009
2008	$329M	$3.64M	90.5×	+30.6×	Dec 31, 2008
2007	$901M	$15M	60.0×	—	Dec 31, 2007
2006	$471M	-$4.09M	—	—	Dec 31, 2006
2005	$427M	$1.12M	382.2×	+287.5×	Dec 31, 2005
2004	$1.81B	$19.1M	94.7×	+36.4×	Dec 31, 2004
2003	$260M	$4.45M	58.4×	+4.3×	Dec 31, 2003
2002	$11.3M	$209K	54.1×	—	Dec 31, 2002


Pentair (PNR)	21.1×
Lennox International (LII)	20.6×
Copart (CPRT)	20.4×
Union Pacific (UNP)	19.9×
Allegion (ALLE)	19.7×
Alamo Group (ALG)	19.6×
Andersons (ANDE)	19.0×
Carlisle Companies (CSL)	18.8×
Snap-on (SNA)	18.5×
Brady (BRC)	18.5×
Canadian National Railway (CNI)	18.4×
FedEx (FDX)	18.4×
Pool (POOL)	18.1×
McGrath RentCorp (MGRC)	17.5×
Honeywell International (HON)	17.5×
A. O. Smith (AOS)	17.4×
Textron (TXT)	16.6×
Northrop Grumman (NOC)	16.1×
United Parcel Service (UPS)	15.9×
Delta Air Lines (DAL)	15.5×
ABM Industries (ABM)	15.2×
Masco (MAS)	14.6×
Upwork (UPWK)	12.9×
United Airlines Holdings (UAL)	12.7×
AGCO (AGCO)	10.9×

P/E Ratio for Axon Enterprise (AXON) 2002-2026

P/E Ratio daily chart for Axon Enterprise (AXON)

Historical P/E Ratio for Axon Enterprise (AXON) from 2002 to 2025

About P/E Ratio at Axon Enterprise (AXON)

Axon Enterprise P/E Ratio by Year

Axon Enterprise P/E Ratio 2025: 365.5×

Axon Enterprise P/E Ratio 2024: 120.4×

Axon Enterprise P/E Ratio 2023: 110.2×

Axon Enterprise P/E Ratio 2022: 80.4×

Axon Enterprise P/E Ratio 2019: 4933.0×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

Axon Enterprise (AXON) Key Financials