Axon EnterpriseFRA:TCS -0.97%81 EV-to-FCF is 2,964.94 as of Jul. 03, 2026, which is 2349% above its 10-year median of 121.07. GuruFocus rates FRA:TCS with a GF Score™ of 81/100 and a GF Value™ of €517.16 (Fairly Valued). The stock has 4 warning signs investors should review. Among 181 Aerospace & Defense companies, Axon Enterprise ranks worse than 97.79% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Axon Enterprise's Enterprise Value is €42,998 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 for today is 2,964.94.
The historical rank and industry rank for Axon Enterprise's EV-to-FCF or its related term are showing as below:
FRA:TCS'
s EV-to-FCF Range Over the Past 10 Years
Min: -645.11 Med: 121.07 Max: 2580.3
Current: 2522.88
During the past 13 years, the highest EV-to-FCF of Axon Enterprise was 2580.30. The lowest was -645.11. And the median was 121.07.
FRA:TCS's EV-to-FCF is ranked worse than 97.79% of 181
companies
in the Aerospace & Defense industry
Industry Median: 33.86
vs FRA:TCS: 2522.88
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Axon Enterprise's PE Ratio (TTM) for today is calculated as:
Axon Enterprise's share price for today is €510.60.
Axon Enterprise's Earnings per Share (Diluted) 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 €2.154.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Axon Enterprise EV-to-FCF Related Terms
Axon Enterprise EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Axon Enterprise's EV-to-FCF 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.
For the Aerospace & Defense subindustry, Axon Enterprise's EV-to-FCF, along with its competitors' market caps and EV-to-FCF 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 EV-to-FCF vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Axon Enterprise's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Axon Enterprise's EV-to-FCF falls into.
Axon Enterprise's current Enterprise Value is €42,998 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 (FRA:TCS) has a EV-to-FCF of 2,964.94 as of Jul. 03, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Axon Enterprise and its competitors. This is 2349% above median its historical median of 121.07. According to the industry distribution chart, Axon Enterprise ranks #177 out of 181 companies in the Aerospace & Defense industry, placing it in the top 97.8%.
Is Axon Enterprise's EV-to-FCF too high?
Axon Enterprise's current EV-to-FCF of 2,964.94 is 2349% above median its 10-year median of 121.07. The Aerospace & Defense industry median EV-to-FCF is 33.86. Axon Enterprise's value of 2,964.94 is 8656.5% above this industry median. Based on the distribution chart, Axon Enterprise ranks #177 out of 181 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 EV-to-FCF compare to HEI.A and CW?
According to the Aerospace & Defense industry distribution chart, Axon Enterprise ranks #177 out of 181 companies for EV-to-FCF. This places Axon Enterprise in the lower half of its industry. The industry median EV-to-FCF is 33.86. Axon Enterprise's value of 2,964.94 is 8656.5% above this benchmark. While the company's 10-year median is 121.07 vs. the industry median of 33.86, 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 EV-to-FCF for an Aerospace & Defense company?
The median EV-to-FCF among Aerospace & Defense companies is 33.86, based on 181 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Axon Enterprise's current EV-to-FCF of 2,964.94 is 8656.5% 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 EV-to-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Axon Enterprise and its competitors. For the Aerospace & Defense industry, the median EV-to-FCF is 33.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Axon Enterprise's current EV-to-FCF is 2,964.94, which is 2349% above median its own 10-year median of 121.07. 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 Fairly Valued. The stock's GF Value™ is €517.16, compared to a current price of €510.60 — trading 1.3% below its estimated fair value. The current EV-to-FCF is 2,964.94, which is 2349% above median its 10-year median of 121.07 and 8656.5% above the Aerospace & Defense industry median of 33.86. 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 EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Axon Enterprise (FRA:TCS), the current EV-to-FCF is 2,964.94 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 (FRA:TCS) Overvalued in 2026?
Based on GuruFocus' analysis, Axon Enterprise stock appears to be undervalued.
The current stock price of €510.60 is trading 1.3% below its estimated GF Value™ of €517.16.
GuruFocus considers Axon Enterprise to be Fairly Valued.
Key valuation signals for FRA:TCS:
EV-to-FCF: 2,964.94 (2349% above median its 10-year median of 121.07)
GF Value™: €517.16 vs. price of €510.60 (1.3% below fair value)
Industry Position: 8656.5% above the Aerospace & Defense median (#177 of 181)
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
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