Question 1

What is Axon Enterprise's P/S ratio?

Accepted Answer

Axon Enterprise (AXON) P/S ratio is 13.4× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month revenue, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/S ratio calculated?

Accepted Answer

P/S = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Revenue, or equivalently Share Price ÷ TTM Revenue Per Share. 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/S ratio?

Accepted Answer

The price-to-sales (P/S) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) revenue. It is calculated as market cap ÷ TTM revenue (equivalent to share price ÷ TTM revenue per share). Because the denominator (revenue) cannot be negative, P/S is widely used to value unprofitable or pre-profit companies and to make cross-sector comparisons.

Question 4

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

Accepted Answer

A "good" P/S depends heavily on profit margin and growth: software and other high-margin businesses often command 5–15× sales, while low-margin retailers and commodity producers typically trade below 1×. Compare against sector peers rather than absolute thresholds. For Axon Enterprise specifically, the relevant sector benchmark is the current sector median of 3.1×.

Question 5

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

Accepted Answer

Axon Enterprise's P/S ratio of 13.4× is below its own 5-year average of 14.0× and above the sector median of 3.1×. That places the current reading at the 47th 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/S ratio range?

Accepted Answer

In the available daily series, Axon Enterprise (AXON) P/S ratio has ranged from a low of 1.1× in 2003 to a high of 30.3× in 2025. The 5-year average is 14.0× and the 5-year median is 12.6×.

Question 7

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

Accepted Answer

Axon Enterprise (AXON) P/S ratio at the end of 2025 was 16.4×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month revenue figure available at that date.

Question 8

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

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (revenue). 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	$45.66B	$2.78B	16.4×	-5.4×	Dec 31, 2025
2024	$45.38B	$2.08B	21.8×	+9.4×	Dec 31, 2024
2023	$19.39B	$1.56B	12.4×	+2.5×	Dec 31, 2023
2022	$11.83B	$1.19B	9.9×	-2.2×	Dec 31, 2022
2021	$10.51B	$863.38M	12.2×	+0.7×	Dec 31, 2021
2020	$7.80B	$681.00M	11.5×	+3.3×	Dec 31, 2020
2019	$4.35B	$530.86M	8.2×	+2.1×	Dec 31, 2019
2018	$2.56B	$420.07M	6.1×	+2.1×	Dec 31, 2018
2017	$1.36B	$343.80M	4.0×	-0.8×	Dec 31, 2017
2016	$1.27B	$268.25M	4.7×	+0.0×	Dec 31, 2016
2015	$927.87M	$197.89M	4.7×	-3.8×	Dec 31, 2015
2014	$1.40B	$164.53M	8.5×	+2.5×	Dec 31, 2014
2013	$831.06M	$137.83M	6.0×	+1.8×	Dec 31, 2013
2012	$481.22M	$114.75M	4.2×	+0.8×	Dec 31, 2012
2011	$304.31M	$90.03M	3.4×	-0.0×	Dec 31, 2011
2010	$293.86M	$86.93M	3.4×	+0.8×	Dec 31, 2010
2009	$271.21M	$104.25M	2.6×	-0.9×	Dec 31, 2009
2008	$329.32M	$92.85M	3.5×	-5.4×	Dec 31, 2008
2007	$901.12M	$100.73M	8.9×	+2.0×	Dec 31, 2007
2006	$471.26M	$67.72M	7.0×	-2.0×	Dec 31, 2006
2005	$426.68M	$47.69M	8.9×	-17.8×	Dec 31, 2005
2004	$1.81B	$67.64M	26.8×	+16.2×	Dec 31, 2004
2003	$259.92M	$24.46M	10.6×	+9.5×	Dec 31, 2003
2002	$11.30M	$9.80M	1.2×	-3.5×	Dec 31, 2002
2001	$31.79M	$6.85M	4.6×	—	Dec 31, 2001


Boeing (BA)	1.8×
General Dynamics (GD)	1.8×
Expeditors International (EXPD)	1.7×
Gartner (IT)	1.7×
J.B. Hunt Transport Services (JBHT)	1.7×
Pool (POOL)	1.4×
C.H. Robinson Worldwide (CHRW)	1.2×
Alamo Group (ALG)	1.2×
Huntington Ingalls Industries (HII)	1.2×
Jacobs Solutions (J)	1.1×
Textron (TXT)	1.0×
Tennant (TNC)	1.0×
United Parcel Service (UPS)	0.9×
FedEx (FDX)	0.8×
AGCO (AGCO)	0.8×
Versant Media Group, Inc. Class A (VSNT)	0.8×
Stanley Black & Decker (SWK)	0.7×
Matthews International (MATW)	0.7×
Delta Air Lines (DAL)	0.7×
Southwest Airlines (LUV)	0.6×
Builders FirstSource (BLDR)	0.6×
United Airlines Holdings (UAL)	0.5×
Amentum Holdings (AMTM)	0.5×
Alaska Air Group (ALK)	0.3×
ABM Industries (ABM)	0.3×

P/S Ratio for Axon Enterprise (AXON)

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

Historical P/S Ratio for Axon Enterprise (AXON) from 2001 to 2025

About P/S Ratio at Axon Enterprise (AXON)

Axon Enterprise P/S Ratio by Year

Axon Enterprise P/S Ratio 2025: 16.4×

Axon Enterprise P/S Ratio 2024: 21.8×

Axon Enterprise P/S Ratio 2023: 12.4×

Axon Enterprise P/S Ratio 2022: 9.9×

Axon Enterprise P/S Ratio 2021: 12.2×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

Axon Enterprise (AXON) Key Financials

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

Historical P/S Ratio for Axon Enterprise (AXON) from 2001 to 2025

About P/S Ratio at Axon Enterprise (AXON)

Axon Enterprise P/S Ratio by Year

Axon Enterprise P/S Ratio 2025: 16.4×

Axon Enterprise P/S Ratio 2024: 21.8×

Axon Enterprise P/S Ratio 2023: 12.4×

Axon Enterprise P/S Ratio 2022: 9.9×

Axon Enterprise P/S Ratio 2021: 12.2×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

+What is Axon Enterprise's P/S ratio?

+How is the P/S ratio calculated?

+What is the P/S ratio?

+What is a good P/S ratio for Axon Enterprise?

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

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

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

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

Axon Enterprise (AXON) Key Financials