Axon EnterpriseAXON +0.52%81 Cyclically Adjusted PS Ratio is 33.60 as of Jul. 03, 2026, which is 68% above its 10-year median of 20.00. GuruFocus rates AXON with a GF Score™ of 81/100 and a GF Value™ of $604.71 (Fairly Valued). The stock has 4 warning signs investors should review. Among 224 Aerospace & Defense companies, Axon Enterprise ranks worse than 98.66% on this metric.
The historical rank and industry rank for Axon Enterprise's Cyclically Adjusted PS Ratio or its related term are showing as below:
AXON'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 7.25 Med: 20 Max: 57.97
Current: 33.6
During the past years, Axon Enterprise's highest Cyclically Adjusted PS Ratio was 57.97. The lowest was 7.25. And the median was 20.00.
AXON's Cyclically Adjusted PS Ratio is ranked worse than 98.66% of 224
companies
in the Aerospace & Defense industry
Industry Median: 3.135
vs AXON: 33.60
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.
Axon Enterprise's adjusted revenue per share data for the three months ended in Mar. 2026 was $9.789. 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 $17.77 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Axon Enterprise (NAS:AXON) 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.
Axon Enterprise Cyclically Adjusted PS Ratio Related Terms
Axon Enterprise Cyclically Adjusted PS Ratio Historical Data
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The historical data trend for Axon Enterprise'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.
Axon Enterprise Cyclically Adjusted PS Ratio Chart
AXON vs HEI.A, CW, FTAI: Cyclically Adjusted PS Ratio Comparison
For the Aerospace & Defense subindustry, Axon Enterprise'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.
Axon Enterprise Cyclically Adjusted PS Ratio vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Axon Enterprise's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Axon Enterprise's Cyclically Adjusted PS Ratio falls into.
Axon Enterprise 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.
Axon Enterprise'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 33.60 mean?
Axon Enterprise (AXON) has a Cyclically Adjusted PS Ratio of 33.60 as of Jul. 03, 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 Axon Enterprise and its competitors. This is 68% above median its historical median of 20.00. Over the past decade, Axon Enterprise's Cyclically Adjusted PS Ratio has ranged from 7.25 to 57.97. According to the industry distribution chart, Axon Enterprise ranks #221 out of 224 companies in the Aerospace & Defense industry, placing it in the top 98.7%.
Is Axon Enterprise's Cyclically Adjusted PS Ratio too high?
Axon Enterprise's current Cyclically Adjusted PS Ratio of 33.60 is 68% above median its 10-year median of 20.00. Over the past 10 years, this metric has ranged from a low of 7.25 to a high of 57.97. The Aerospace & Defense industry median Cyclically Adjusted PS Ratio is 3.14. Axon Enterprise's value of 33.60 is 971.8% above this industry median. Based on the distribution chart, Axon Enterprise ranks #221 out of 224 companies in the Aerospace & Defense industry, which is in the bottom quartile relative to peers. Overall, Axon Enterprise has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Axon Enterprise's Cyclically Adjusted PS Ratio compare to HEI.A and CW?
According to the Aerospace & Defense industry distribution chart, Axon Enterprise ranks #221 out of 224 companies for Cyclically Adjusted PS Ratio. This places Axon Enterprise in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 3.14. Axon Enterprise's value of 33.60 is 971.8% above this benchmark. Historically, Axon Enterprise's own Cyclically Adjusted PS Ratio has ranged from 7.25 to 57.97 over the past decade. While the company's 10-year median is 20.00 vs. the industry median of 3.14, Axon Enterprise 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 an Aerospace & Defense company?
The median Cyclically Adjusted PS Ratio among Aerospace & Defense companies is 3.14, based on 224 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. Axon Enterprise's current Cyclically Adjusted PS Ratio of 33.60 is 971.8% 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 Axon Enterprise and its competitors. For the Aerospace & Defense industry, the median Cyclically Adjusted PS Ratio is 3.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Axon Enterprise's current Cyclically Adjusted PS Ratio is 33.60, which is 68% above median its own 10-year median of 20.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Axon Enterprise stock overvalued right now?
Based on GuruFocus' analysis, Axon Enterprise (AXON) is currently considered Fairly Valued. The stock's GF Value™ is $604.71, compared to a current price of $597.04 — trading 1.3% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 33.60, which is 68% above median its 10-year median of 20.00 and 971.8% above the Aerospace & Defense industry median of 3.14. Axon Enterprise's overall GF Score™ is 81/100 with 4 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 Axon Enterprise (AXON), the current Cyclically Adjusted PS Ratio is 33.60 as of Jul. 03, 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 Axon Enterprise (AXON) Overvalued in 2026?
Based on GuruFocus' analysis, Axon Enterprise stock appears to be undervalued.
The current stock price of $597.04 is trading 1.3% below its estimated GF Value™ of $604.71.
GuruFocus considers Axon Enterprise to be Fairly Valued.
Key valuation signals for AXON:
Cyclically Adjusted PS Ratio: 33.60 (68% above median its 10-year median of 20.00)
GF Value™: $604.71 vs. price of $597.04 (1.3% below fair value)
Industry Position: 971.8% above the Aerospace & Defense median (#221 of 224)
No single metric tells the full story. See the AXON stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Axon Enterprise Inc is building a public safety operating system by integrating a suite of hardware devices and cloud software solutions. The company's suite includes cloud-hosted digital evidence management solutions, TASER energy devices, drones and robotic security, and training solutions. Its operation comprises of two operating segments, Software and Services, and Connected Devices. The company generates the majority of its revenue from the Connected Devices segment, which is engaged in developing, manufacturing, and selling fully integrated hardware solutions such as conducted energy devices sold under the TASER brand, body cameras, fixed and in-car cameras, drone and counter-drone technologies, and a broad ecosystem of accessories, extended warranties and related hardware products.
81GF Score
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