Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Axon Enterprise's Enterprise Value is €33,938 Mil.
Axon Enterprise's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was €195 Mil. Therefore, Axon Enterprise's EV-to-EBIT ratio for today is 173.88.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Axon Enterprise's Enterprise Value is €33,938 Mil.
Axon Enterprise's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was €276 Mil. Therefore, Axon Enterprise's EV-to-EBITDA ratio for today is 122.95.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Axon Enterprise's Enterprise Value is €33,938 Mil.
Axon Enterprise's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was €2,564 Mil. Therefore, Axon Enterprise's EV-to-Revenue ratio for today is 13.24.
EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, Axon Enterprise's Enterprise Value is €33,938 Mil.
Axon Enterprise's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was €15 Mil. Therefore, Axon Enterprise's EV-to-FCF ratio for today is 2,340.22.
*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.
Axon Enterprise (FRA:TCS) Enterprise Value Explanation
When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.
If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.
The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.
For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.
Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.
1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.
Axon Enterprise's current Enterprise Value is €33,938 Mil.
Axon Enterprise's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €195 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Axon Enterprise's current Enterprise Value is €33,938 Mil.
Axon Enterprise's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €276 Mil.
Axon Enterprise's current Enterprise Value is €33,938 Mil.
Axon Enterprise's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €2,564 Mil.
Axon Enterprise's current Enterprise Value is €33,938 Mil.
Axon Enterprise's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €130 Mil.
Axon Enterprise's current Enterprise Value is €33,938 Mil.
Axon Enterprise's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €15 Mil.
* 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 Enterprise Value Related Terms
Axon Enterprise Enterprise Value Historical Data
* Premium members only.
The historical data trend for Axon Enterprise's Enterprise Value 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.
FRA:TCS vs HEI.A, CW, FTAI: Enterprise Value Comparison
For the Aerospace & Defense subindustry, Axon Enterprise's Enterprise Value, along with its competitors' market caps and Enterprise Value 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 Enterprise Value vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Axon Enterprise's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Axon Enterprise's Enterprise Value falls into.
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
Axon Enterprise's Enterprise Value for the fiscal year that ended in Dec. 2025 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.
Axon Enterprise (FRA:TCS) has a Enterprise Value of €33,938 Mil as of Jun. 29, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Axon Enterprise and its competitors.
Is Axon Enterprise's Enterprise Value too high?
Axon Enterprise's current Enterprise Value is €33,938 Mil. Overall, Axon Enterprise has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Axon Enterprise's Enterprise Value compare to HEI.A and CW?
Axon Enterprise's Enterprise Value of €33,938 Mil can be compared against companies in the Aerospace & Defense industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Enterprise Value for an Aerospace & Defense company?
A good Enterprise Value depends on the Aerospace & Defense industry context. However, Enterprise Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Axon Enterprise and its competitors. Axon Enterprise's current Enterprise Value is €33,938 Mil. 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 (FRA:TCS) is currently considered Modestly Undervalued. The stock's GF Value™ is €538.73, compared to a current price of €416.20 — trading 22.7% below its estimated fair value. The current Enterprise Value is €33,938 Mil. 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 Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For Axon Enterprise (FRA:TCS), the current Enterprise Value is €33,938 Mil as of Jun. 29, 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 (FRA:TCS) Overvalued in 2026?
Based on GuruFocus' analysis, Axon Enterprise stock appears to be undervalued.
The current stock price of €416.20 is trading 22.7% below its estimated GF Value™ of €538.73.
GuruFocus considers Axon Enterprise to be Modestly Undervalued.
Key valuation signals for FRA:TCS:
Enterprise Value: €33,938 Mil
GF Value™: €538.73 vs. price of €416.20 (22.7% below fair value)
No single metric tells the full story. See the FRA:TCS 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
Get the complete analysis for FRA:TCS
Enterprise Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:TCS has been successfully added to your 
