Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Axon Enterprise's share price for the quarter that ended in Mar. 2026 was €362.9. Axon Enterprise's Shares Outstanding (EOP) for the quarter that ended in Mar. 2026 was 81 Mil. Therefore, Axon Enterprise's market cap for the quarter that ended in Mar. 2026 was €29,240 Mil.
Axon Enterprise's quarterly market cap
declined
from Sep. 2025 (€47,950 Mil) to Dec. 2025 (€39,127 Mil) and
declined
from Dec. 2025 (€39,127 Mil) to Mar. 2026 (€29,240 Mil).
Axon Enterprise's annual market cap
increased
from Dec. 2023 (€17,470 Mil) to Dec. 2024 (€44,761 Mil) but then
declined
from Dec. 2024 (€44,761 Mil) to Dec. 2025 (€39,127 Mil).
Enterprise Value is 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 and cash equivalents. Axon Enterprise's Enterprise Value for Today is €33,938 Mil.
Axon Enterprise (FRA:TCS) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Axon Enterprise Market Cap Related Terms
Axon Enterprise Market Cap Historical Data
* Premium members only.
The historical data trend for Axon Enterprise's Market Cap 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 Market Cap, along with its competitors' market caps and Market Cap 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 Market Cap vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Axon Enterprise's Market Cap distribution charts can be found below:
* The bar in red indicates where Axon Enterprise's Market Cap falls into.
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Axon Enterprise's Market Cap 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 Market Cap of €32,977 Mil as of Jun. 28, 2026. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Axon Enterprise and its competitors. According to the industry distribution chart, Axon Enterprise ranks #21 out of 361 companies in the Aerospace & Defense industry, placing it in the top 5.8%.
Is Axon Enterprise's Market Cap too high?
Axon Enterprise's current Market Cap is €32,977 Mil. Based on the distribution chart, Axon Enterprise ranks #21 out of 361 companies in the Aerospace & Defense industry, which is in the top quartile — a strong position relative to peers. 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 Market Cap compare to HEI.A and CW?
According to the Aerospace & Defense industry distribution chart, Axon Enterprise ranks #21 out of 361 companies for Market Cap. This places Axon Enterprise in the top 6% of its industry — outperforming the majority of peers. The industry median Market Cap is 805.78. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Market Cap for an Aerospace & Defense company?
The median Market Cap among Aerospace & Defense companies is 805.78, based on 361 companies in the industry. Companies in the top quartile (top 25%) have a Market Cap significantly above this median, while those in the bottom quartile fall well below. However, Market Cap 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 Market Cap mean?
A high Market Cap can signal that a stock is expensive relative to its fundamentals. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Axon Enterprise and its competitors. For the Aerospace & Defense industry, the median Market Cap is 805.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Axon Enterprise's current Market Cap is €32,977 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 Market Cap is €32,977 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 Market Cap calculated?
Market Cap is calculated from a company's financial statements. For Axon Enterprise (FRA:TCS), the current Market Cap is €32,977 Mil as of Jun. 28, 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:
Market Cap: €32,977 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
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Market Cap is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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