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The historical rank and industry rank for Axon Enterprise's Net Cash per Share or its related term are showing as below:
During the past 13 years, the highest Price-to-Net-Cash Ratio of Axon Enterprise was 236.51. The lowest was 26.52. And the median was 47.64.
AXON's Price-to-Net-Cash is not ranked *
in the Aerospace & Defense industry.
Industry Median: 14.53 * Ranked among companies with meaningful Price-to-Net-Cash only.
Axon Enterprise (NAS:AXON) Net Cash per Share Explanation
Ben Graham invested in situations where the company's stock price was lower than its net-cash. He assigned some value to the company's other current asset. The value is called Net Current Asset Value (NCAV). One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.
You can find companies that are traded below their Net Current Asset Value (NCAV) with our Net-Net screener.
Axon Enterprise Net Cash per Share Related Terms
Axon Enterprise Net Cash per Share Historical Data
* Premium members only.
The historical data trend for Axon Enterprise's Net Cash per Share 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 vs HEI.A, RKLB, CW: Net Cash per Share Comparison
For the Aerospace & Defense subindustry, Axon Enterprise's Price-to-Net-Cash, along with its competitors' market caps and Price-to-Net-Cash 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 Price-to-Net-Cash vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Axon Enterprise's Price-to-Net-Cash distribution charts can be found below:
* The bar in red indicates where Axon Enterprise's Price-to-Net-Cash falls into.
In the calculation of a company's Net Cash per Share, assets other than cash and short term investments are considered to be worth nothing. But the company has to pay its debt and other liabilities in full. This is an extremely conservative way of valuation. Most companies have negative Net Cash per Share. But sometimes a company's price may be lower than its net-cash.
Axon Enterprise's Net Cash per Share 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 (AXON) has a Net Cash per Share of $-37.73 as of Jun. 2026. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on Axon Enterprise and its competitors. Over the past decade, Axon Enterprise's Net Cash per Share has ranged from 26.52 to 236.51. According to the industry distribution chart, Axon Enterprise ranks #999999 out of 73 companies in the Aerospace & Defense industry.
Is Axon Enterprise's Net Cash per Share too high?
Axon Enterprise's current Net Cash per Share is $-37.73. Over the past 10 years, this metric has ranged from a low of 26.52 to a high of 236.51. Based on the distribution chart, Axon Enterprise ranks #999999 out of 73 companies in the Aerospace & Defense industry, which is in the bottom quartile relative to peers. Overall, Axon Enterprise has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Axon Enterprise's Net Cash per Share compare to HEI.A and RKLB?
According to the Aerospace & Defense industry distribution chart, Axon Enterprise ranks #999999 out of 73 companies for Net Cash per Share. This places Axon Enterprise in the lower half of its industry. The industry median Net Cash per Share is 14.53. Historically, Axon Enterprise's own Net Cash per Share has ranged from 26.52 to 236.51 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Cash per Share for an Aerospace & Defense company?
The median Net Cash per Share among Aerospace & Defense companies is 14.53, based on 73 companies in the industry. Companies in the top quartile (top 25%) have a Net Cash per Share significantly above this median, while those in the bottom quartile fall well below. However, Net Cash per Share 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 Net Cash per Share mean?
A high Net Cash per Share can signal that a stock is expensive relative to its fundamentals. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on Axon Enterprise and its competitors. For the Aerospace & Defense industry, the median Net Cash per Share is 14.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Axon Enterprise's current Net Cash per Share is $-37.73. 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 $632.43, compared to a current price of $596.33 — trading 5.7% below its estimated fair value. The current Net Cash per Share is $-37.73. Axon Enterprise's overall GF Score™ is 87/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Cash per Share calculated?
Net Cash per Share is calculated from a company's financial statements. For Axon Enterprise (AXON), the current Net Cash per Share is $-37.73 as of Jun. 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 $596.33 is trading 5.7% below its estimated GF Value™ of $632.43.
GuruFocus considers Axon Enterprise to be Fairly Valued.
Key valuation signals for AXON:
Net Cash per Share: $-37.73
GF Value™: $632.43 vs. price of $596.33 (5.7% below fair value)
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.
87GF Score
Get the complete analysis for AXON
Net Cash per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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