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AXS (Axis Capital Holdings) Cyclically Adjusted PB Ratio : 1.50 (As of Jun. 25, 2025)


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What is Axis Capital Holdings Cyclically Adjusted PB Ratio?

As of today (2025-06-25), Axis Capital Holdings's current share price is $100.49. Axis Capital Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was $67.04. Axis Capital Holdings's Cyclically Adjusted PB Ratio for today is 1.50.

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

AXS' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.62   Med: 1.08   Max: 1.6
Current: 1.54

During the past years, Axis Capital Holdings's highest Cyclically Adjusted PB Ratio was 1.60. The lowest was 0.62. And the median was 1.08.

AXS's Cyclically Adjusted PB Ratio is ranked worse than
60.15% of 409 companies
in the Insurance industry
Industry Median: 1.25 vs AXS: 1.54

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.

Axis Capital Holdings's adjusted book value per share data for the three months ended in Mar. 2025 was $68.058. 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 $67.04 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Axis Capital Holdings Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Axis Capital Holdings'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.

Axis Capital Holdings Cyclically Adjusted PB Ratio Chart

Axis Capital Holdings Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.91 0.90 0.85 0.85 1.34

Axis Capital Holdings 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 0.99 1.07 1.20 1.34 1.50

Competitive Comparison of Axis Capital Holdings's Cyclically Adjusted PB Ratio

For the Insurance - Specialty subindustry, Axis Capital Holdings'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.


Axis Capital Holdings's Cyclically Adjusted PB Ratio Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Axis Capital Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Axis Capital Holdings's Cyclically Adjusted PB Ratio falls into.


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Axis Capital Holdings 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.

Axis Capital Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=100.49/67.04
=1.50

* 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.

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

For example, Axis Capital Holdings'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)
=68.058/134.9266*134.9266
=68.058

Current CPI (Mar. 2025) = 134.9266.

Axis Capital Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201506 53.056 100.684 71.100
201509 54.124 100.392 72.743
201512 54.536 99.792 73.737
201603 57.321 100.470 76.979
201606 58.896 101.688 78.147
201609 61.066 101.861 80.889
201612 59.535 101.863 78.860
201703 59.931 102.862 78.613
201706 61.509 103.349 80.303
201709 56.275 104.136 72.914
201712 54.909 104.011 71.230
201803 53.754 105.290 68.885
201806 53.593 106.317 68.015
201809 53.823 106.507 68.185
201812 50.907 105.998 64.800
201903 53.913 107.251 67.825
201906 57.077 108.070 71.262
201909 57.308 108.329 71.378
201912 56.802 108.420 70.689
202003 50.886 108.902 63.047
202006 56.317 108.767 69.862
202009 55.936 109.815 68.727
202012 56.260 109.897 69.074
202103 54.587 111.754 65.906
202106 57.095 114.631 67.204
202109 56.446 115.734 65.806
202112 57.337 117.630 65.768
202203 53.597 121.301 59.617
202206 49.054 125.017 52.942
202209 44.805 125.227 48.276
202212 48.305 125.222 52.049
202303 51.774 127.348 54.855
202306 52.466 128.729 54.992
202309 52.603 129.860 54.656
202312 55.263 129.419 57.615
202403 58.511 131.776 59.910
202406 60.698 132.554 61.785
202409 66.148 133.029 67.092
202412 66.752 133.157 67.639
202503 68.058 134.927 68.058

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.


Axis Capital Holdings  (NYSE:AXS) 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.


Axis Capital Holdings Cyclically Adjusted PB Ratio Related Terms

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


Axis Capital Holdings Business Description

Traded in Other Exchanges
Address
92 Pitts Bay Road, Pembroke, BMU, HM 08
Axis Capital Holdings Ltd is a specialty underwriter and provider of insurance and reinsurance solutions with operations in Bermuda, the United States ("U.S."), Europe, Singapore, and Canada. The company manages its portfolio holistically, aiming to construct an optimum consolidated portfolio of funded and unfunded risks. The company's segment consists of AXIS Insurance and AXIS Reinsurance. The company generates the majority of its revenue from the Insurance segment. Geographically, the company generates the majority of its revenue from the United States.
Executives
Charles A Davis director 1 CAPE MAY ST, 1 CAPE MAY ST, HARRISON NJ 07029
Henry B Smith director C/O AXIS CAPITAL HOLDINGS LIMITED, 92 PITTS BAY ROAD, PEMBROKE D0 HM 08
Michael Millegan director C/O WIRELESS TELECOM GROUP, INC., 25 EASTMANS RD., PARSIPPANY NJ 07054
W Marston Becker director C/O ALTERRA HOUSE, 2 FRONT STREET, HAMILTON D0 HM11
Daniel J Draper officer: Grp Chief Underwriting Officer 52 LIME STREET, LONDON X0 EC3M 7AF
Vincent C Tizzio officer: CEO, Specialty Ins. and Re. C/O THE NAVIGATORS GROUP, INC., 6 INTERNATIONAL DRIVE, RYE BROOK NY 10573
Axel Theis director 92 PITTS BAY ROAD, PEMBROKE D0 HM 08
Thomas C. Ramey director C/O AXIS CAPITAL HOLDINGS LIMITED, 92 PITTS BAY ROAD, PEMBROKE D0 HM 08
Anne Melissa Dowling director 9965 FEDERAL DRIVE, COLORADO SPRINGS CO 80921
Albert Benchimol officer: Chief Financial Officer & EVP AXIS CAPITAL HOLDINGS LIMITED, 92 PITTS BAY ROAD, PEMBROKE BERMUDA D0 HM 08
Michael A Butt director, officer: Chairman AXIS CAPITAL HOLDINGS LIMITED, 92 PITTS BAY ROAD, PEMBROKE D0 HM 08
Peter Vogt officer: EVP and CFO 1211 AVENUE OF THE AMERICAS, 24TH FLOOR, NEW YORK NY 10036
Lizabeth H Zlatkus director ONE HARTFORD PLAZA, HARTFORD CT 06155
Kent W Ziegler officer: Principal Acct Off, Controller 199 WATER STREET, 24TH FLOOR, NEW YORK NY 10038
Elanor Hardwick director C/O AXIS CAPITAL HOLDINGS LIMITED, AXIS HOUSE, 92 PITTS BAY ROAD, PEMBROKE D0 HM 08