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AX (Axos Financial) Cyclically Adjusted PB Ratio : 2.72 (As of May. 22, 2025)


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What is Axos Financial Cyclically Adjusted PB Ratio?

As of today (2025-05-22), Axos Financial's current share price is $69.65. Axos Financial's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was $25.59. Axos Financial's Cyclically Adjusted PB Ratio for today is 2.72.

The historical rank and industry rank for Axos Financial's Cyclically Adjusted PB Ratio or its related term are showing as below:

AX' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.51   Med: 3.58   Max: 8.84
Current: 2.71

During the past years, Axos Financial's highest Cyclically Adjusted PB Ratio was 8.84. The lowest was 1.51. And the median was 3.58.

AX's Cyclically Adjusted PB Ratio is ranked worse than
91.78% of 1277 companies
in the Banks industry
Industry Median: 1.02 vs AX: 2.71

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Axos Financial's adjusted book value per share data for the three months ended in Mar. 2025 was $45.790. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is $25.59 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Axos Financial Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Axos Financial's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Axos Financial Cyclically Adjusted PB Ratio Chart

Axos Financial Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.16 3.66 2.24 2.07 2.53

Axos Financial Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.49 2.53 2.67 2.86 2.52

Competitive Comparison of Axos Financial's Cyclically Adjusted PB Ratio

For the Banks - Regional subindustry, Axos Financial's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Axos Financial's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Axos Financial's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Axos Financial's Cyclically Adjusted PB Ratio falls into.


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Axos Financial Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Axos Financial's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=69.65/25.59
=2.72

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Axos Financial's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Axos Financial's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=45.79/134.9266*134.9266
=45.790

Current CPI (Mar. 2025) = 134.9266.

Axos Financial Quarterly Data

Book Value per Share CPI Adj_Book
201506 8.513 100.684 11.408
201509 9.124 100.392 12.263
201512 9.651 99.792 13.049
201603 10.279 100.470 13.804
201606 10.733 101.688 14.241
201609 11.324 101.861 15.000
201612 11.815 101.863 15.650
201703 12.545 102.862 16.456
201706 13.051 103.349 17.039
201709 13.536 104.136 17.538
201712 13.849 104.011 17.965
201803 14.653 105.290 18.778
201806 15.241 106.317 19.342
201809 15.839 106.507 20.065
201812 16.164 105.998 20.575
201903 16.879 107.251 21.235
201906 17.471 108.070 21.813
201909 18.130 108.329 22.581
201912 18.841 108.420 23.447
202003 19.771 108.902 24.496
202006 20.562 108.767 25.507
202009 20.804 109.815 25.561
202012 21.795 109.897 26.759
202103 22.716 111.754 27.426
202106 23.617 114.631 27.798
202109 24.517 115.734 28.583
202112 25.600 117.630 29.364
202203 26.576 121.301 29.561
202206 27.485 125.017 29.664
202209 28.350 125.227 30.546
202212 29.793 125.222 32.102
202303 31.069 127.348 32.918
202306 32.526 128.729 34.092
202309 33.779 129.860 35.097
202312 36.525 129.419 38.079
202403 38.478 131.776 39.398
202406 40.260 132.554 40.981
202409 42.138 133.029 42.739
202412 44.169 133.157 44.756
202503 45.790 134.927 45.790

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Axos Financial  (NYSE:AX) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Axos Financial Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Axos Financial's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Axos Financial Business Description

Traded in Other Exchanges
Address
9205 West Russell Road, Suite 400, Las Vegas, NV, USA, 89148
Axos Financial Inc is a bank holding company that operates through its bank subsidiary, BofI Federal Bank, a nationwide bank that provides financing for single and multifamily residential properties, small to medium-size businesses in certain sectors, and selected specialty finance receivables. Its operating segments are banking business segment and securities business segment . The bank distributed its products through a wide range of retail distribution channels, including only banking brands, affinity groups, and sales teams, among others. The majority of the bank's mortgage exposure is titled toward the state of California, particularly its southern region. Net interest income is a majority of the bank's revenue.
Executives
David X Park other: EVP, Comm Banking & Treasury 4350 LA JOLLA VILLAGE DRIVE, SUITE 140, SAN DIEGO CA 92122
Mosich Nick director 12777 HIGH BLUFF DRIVE, SUITE #100, SAN DIEGO CA 92130
Edward James Ratinoff director 12777 HIGH BLUFF DRIVE, SUITE 100, SAN DIEGO CA 92130
Gregory Garrabrants director, officer: President & CEO 9205 WEST RUSSELL ROAD, SUITE #400, LAS VEGAS NV 89148
Thomas M Constantine other: EVP and Chief Credit Officer 4350 LA JOLLA VILLAGE DRIVE, SUITE 140, SAN DIEGO CA 92122
James John Court director 12777 HIGH BLUFF DRIVE, SUITE 100, SAN DIEGO CA 92130
Andrew J Micheletti officer: VP & Chief Financial Officer C/O AXOS FINANCIAL, 4350 LA JOLLA VILLAGE DRIVE STE 140, SAN DIEGO CA 92122
Tamara N Bohlig director 4350 LA JOLLA VILLAGE DRIVE, SUITE 140, SAN DIEGO CA 92122
David M Crow other: EVP, Head of Axos Clearing 4350 LA JOLLA VILLAGE DRIVE, SUITE 140, SAN DIEGO CA 92122
Paul Grinberg director C/O ENCORE CAPITAL GROUP INC, 8875 AERO DRIVE, SUITE 200, SAN DIEGO CA 92123
Ron Pitters other: SVP, Head of Axos Securities 4350 LA JOLLA VILLAGE DRIVE, SUITE 140, SAN DIEGO CA 92122
Stefani D Carter director 14185 DALLAS PARKWAY, SUITE 1100, DALLAS TX 75254
Uzair Dada director 4350 LA JOLLA VILLAGE DRIVE, SUITE 140, SAN DIEGO CA 92122
Roque A Santi director C/O ECC CAPITAL CORPORATION, 1833 ALTON PARKWAY, IRVINE CA 92606
Brian D Swanson other: EVP, Chief Lending Officer 4350 LA JOLLA VILLAGE DRIVE, SUITE 140, SAN DIEGO CA 92122