Axos FinancialAX +0.12%85 Cyclically Adjusted PS Ratio is 6.66 as of Jun. 30, 2026, which is 0% above its 10-year median of 6.64. GuruFocus rates AX with a GF Score™ of 85/100 and a GF Value™ of $87.75 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,305 Banks companies, Axos Financial ranks worse than 90.19% on this metric.
The historical rank and industry rank for Axos Financial's Cyclically Adjusted PS Ratio or its related term are showing as below:
AX'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 3.11 Med: 6.64 Max: 13.62
Current: 6.65
During the past years, Axos Financial's highest Cyclically Adjusted PS Ratio was 13.62. The lowest was 3.11. And the median was 6.64.
AX's Cyclically Adjusted PS Ratio is ranked worse than 90.19% of 1305
companies
in the Banks industry
Industry Median: 3.29
vs AX: 6.65
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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.
Axos Financial's adjusted revenue per share data for the three months ended in Mar. 2026 was $6.676. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is $14.47 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Axos Financial (NYSE:AX) Cyclically Adjusted PS Ratio Explanation
Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.
Axos Financial Cyclically Adjusted PS Ratio Related Terms
Axos Financial Cyclically Adjusted PS Ratio Historical Data
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The historical data trend for Axos Financial's Cyclically Adjusted PS 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.
AX vs OZK, HOMB, FFIN: Cyclically Adjusted PS Ratio Comparison
For the Banks - Regional subindustry, Axos Financial's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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 Cyclically Adjusted PS Ratio vs Banks Industry
For the Banks industry and Financial Services sector, Axos Financial's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Axos Financial's Cyclically Adjusted PS Ratio falls into.
Axos Financial Cyclically Adjusted PS Ratio Calculation
Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS 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 PS Ratio.
Axos Financial's Cyclically Adjusted PS Ratio for today is calculated as
* 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.
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.
What does a Cyclically Adjusted PS Ratio of 6.66 mean?
Axos Financial (AX) has a Cyclically Adjusted PS Ratio of 6.66 as of Jun. 30, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Axos Financial and its competitors. This is near median its historical median of 6.64. Over the past decade, Axos Financial's Cyclically Adjusted PS Ratio has ranged from 3.11 to 13.62. According to the industry distribution chart, Axos Financial ranks #1177 out of 1305 companies in the Banks industry, placing it in the top 90.2%.
Is Axos Financial's Cyclically Adjusted PS Ratio too high?
Axos Financial's current Cyclically Adjusted PS Ratio of 6.66 is near median its 10-year median of 6.64. Over the past 10 years, this metric has ranged from a low of 3.11 to a high of 13.62. The Banks industry median Cyclically Adjusted PS Ratio is 3.29. Axos Financial's value of 6.66 is 102.4% above this industry median. Based on the distribution chart, Axos Financial ranks #1177 out of 1305 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, Axos Financial has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Axos Financial's Cyclically Adjusted PS Ratio compare to OZK and HOMB?
According to the Banks industry distribution chart, Axos Financial ranks #1177 out of 1305 companies for Cyclically Adjusted PS Ratio. This places Axos Financial in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 3.29. Axos Financial's value of 6.66 is 102.4% above this benchmark. Historically, Axos Financial's own Cyclically Adjusted PS Ratio has ranged from 3.11 to 13.62 over the past decade. While the company's 10-year median is 6.64 vs. the industry median of 3.29, Axos Financial has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for a Banks company?
The median Cyclically Adjusted PS Ratio among Banks companies is 3.29, based on 1,305 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Axos Financial's current Cyclically Adjusted PS Ratio of 6.66 is 102.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Axos Financial and its competitors. For the Banks industry, the median Cyclically Adjusted PS Ratio is 3.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Axos Financial's current Cyclically Adjusted PS Ratio is 6.66, which is near median its own 10-year median of 6.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Axos Financial stock overvalued right now?
Based on GuruFocus' analysis, Axos Financial (AX) is currently considered Fairly Valued. The stock's GF Value™ is $87.75, compared to a current price of $96.35 — trading 9.8% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 6.66, which is near median its 10-year median of 6.64 and 102.4% above the Banks industry median of 3.29. Axos Financial's overall GF Score™ is 85/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Axos Financial (AX), the current Cyclically Adjusted PS Ratio is 6.66 as of Jun. 30, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Axos Financial (AX) Overvalued in 2026?
Based on GuruFocus' analysis, Axos Financial stock appears to be overvalued.
The current stock price of $96.35 is trading 9.8% above its estimated GF Value™ of $87.75.
GuruFocus considers Axos Financial to be Fairly Valued.
Key valuation signals for AX:
Cyclically Adjusted PS Ratio: 6.66 (near median its 10-year median of 6.64)
GF Value™: $87.75 vs. price of $96.35 (9.8% above fair value)
Industry Position: 102.4% above the Banks median (#1177 of 1305)
No single metric tells the full story. See the AX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
85GF Score
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