Axon Enterprise (AXON) valuation
Axon Enterprise P/E ratio history
Axon Enterprise trades at 178.2 times its earnings over the last twelve months and 47.2 times the earnings analysts expect over the next twelve. At its last 7 fiscal year ends its P/E ranged from 75.8 (year to Dec 2016) to 376.1 (year to Dec 2025), with a median of 110.9.
| Fiscal year ended | Price | EPS | P/E | Forward P/E |
|---|---|---|---|---|
| Dec 31, 2025 | $567.93 | $1.51 | 376.1 | 78.1 |
| Dec 31, 2024 | $594.32 | $4.80 | 123.8 | 99.3 |
| Dec 31, 2023 | $258.33 | $2.33 | 110.9 | 65.0 |
| Dec 31, 2022 | $165.93 | $2.03 | 81.7 | 67.6 |
| Dec 31, 2021 | $157.00 | -$0.91 | n/m | 81.6 |
| Dec 31, 2020 | $122.53 | -$0.03 | n/m | — |
| Dec 31, 2019 | $73.28 | $0.01 | n/m | — |
| Dec 31, 2018 | $43.75 | $0.52 | 84.1 | — |
| Dec 31, 2017 | $26.50 | $0.10 | 265.0 | — |
| Dec 31, 2016 | $24.24 | $0.32 | 75.8 | — |
n/m: not meaningful (a loss, or earnings close to zero). The daily P/E line is a chart indicator in the app.
Axon Enterprise valuation against its peers
| Company | Market value | P/E | Forward P/E | Price / sales |
|---|---|---|---|---|
| Axon EnterpriseAXON | $34.5B | 178.2 | 47.2 | 10.7 |
| Rocket Lab USARKLB | $31.7B | — | — | 41.2 |
| L3HarrisLHX | $51.7B | 25.9 | 20.8 | 2.2 |
| TransDigm GroupTDG | $64.1B | 34.8 | 24.5 | 6.4 |
| Northrop GrummanNOC | $79.2B | 17.6 | 18.6 | 1.8 |
| Howmet AerospaceHWM | $79.4B | 39.0 | 31.6 | 8.2 |
| TextronTXT | $14.9B | 15.4 | 12.1 | 1.0 |
| Huntington Ingalls IndustriesHII | $12.5B | 17.0 | 15.6 | 0.9 |
| General DynamicsGD | $101B | 22.7 | 20.9 | 1.8 |
| Peer median | 22.7 | 20.8 | 2.0 |
Reading these multiples
The P/E divides the share price by earnings per share over the last twelve months; the forward P/E divides it by the earnings analysts expect over the next twelve. Price to sales compares the company's market value with its revenue over the last twelve months. A multiple reads differently from one industry to the next, so the peer group above is the fairer comparison.
See also: AXON financials · AXON returns
No forecast, no recommendation. This page describes Axon Enterprise from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.