Axon EnterpriseFRA:TCS +4.89%81 PB Ratio is 10.97 as of Jun. 27, 2026, which is 15% above its 10-year median of 9.55. GuruFocus rates FRA:TCS with a GF Score™ of 81/100 and a GF Value™ of €538.73 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 339 Aerospace & Defense companies, Axon Enterprise ranks worse than 84.66% on this metric.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2026-06-27), Axon Enterprise's share price is €416.20. Axon Enterprise's Book Value per Share for the quarter that ended in Mar. 2026 was €37.94. Hence, Axon Enterprise's PB Ratio of today is 10.97.
The historical rank and industry rank for Axon Enterprise's PB Ratio or its related term are showing as below:
FRA:TCS'
s PB Ratio Range Over the Past 10 Years
Min: 5.31 Med: 9.55 Max: 24.93
Current: 10.6
During the past 13 years, Axon Enterprise's highest PB Ratio was 24.93. The lowest was 5.31. And the median was 9.55.
FRA:TCS's PB Ratio is ranked worse than 84.66% of 339
companies
in the Aerospace & Defense industry
Industry Median: 3.59
vs FRA:TCS: 10.60
During the past 12 months, Axon Enterprise's average Book Value Per Share Growth Rate was 33.60% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 31.60% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 22.90% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 31.80% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Axon Enterprise was 114.90% per year. The lowest was -6.70% per year. And the median was 19.50% per year.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Axon Enterprise PB Ratio Related Terms
Axon Enterprise PB Ratio Historical Data
* Premium members only.
The historical data trend for Axon Enterprise's PB 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.
For the Aerospace & Defense subindustry, Axon Enterprise's PB Ratio, along with its competitors' market caps and PB 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 PB Ratio vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Axon Enterprise's PB Ratio distribution charts can be found below:
* The bar in red indicates where Axon Enterprise's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
Axon Enterprise's PB Ratio for today is calculated as follows:
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Axon Enterprise (FRA:TCS) has a PB Ratio of 10.97 as of Jun. 27, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Axon Enterprise and its competitors. This is 15% above median its historical median of 9.55. Over the past decade, Axon Enterprise's PB Ratio has ranged from 5.31 to 24.93. According to the industry distribution chart, Axon Enterprise ranks #287 out of 339 companies in the Aerospace & Defense industry, placing it in the top 84.7%.
Is Axon Enterprise's PB Ratio too high?
Axon Enterprise's current PB Ratio of 10.97 is 15% above median its 10-year median of 9.55. Over the past 10 years, this metric has ranged from a low of 5.31 to a high of 24.93. The Aerospace & Defense industry median PB Ratio is 3.59. Axon Enterprise's value of 10.97 is 205.6% above this industry median. Based on the distribution chart, Axon Enterprise ranks #287 out of 339 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 Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Axon Enterprise's PB Ratio compare to HEI.A and CW?
According to the Aerospace & Defense industry distribution chart, Axon Enterprise ranks #287 out of 339 companies for PB Ratio. This places Axon Enterprise in the lower half of its industry. The industry median PB Ratio is 3.59. Axon Enterprise's value of 10.97 is 205.6% above this benchmark. Historically, Axon Enterprise's own PB Ratio has ranged from 5.31 to 24.93 over the past decade. While the company's 10-year median is 9.55 vs. the industry median of 3.59, 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 PB Ratio for an Aerospace & Defense company?
The median PB Ratio among Aerospace & Defense companies is 3.59, based on 339 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Axon Enterprise's current PB Ratio of 10.97 is 205.6% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Axon Enterprise and its competitors. For the Aerospace & Defense industry, the median PB Ratio is 3.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Axon Enterprise's current PB Ratio is 10.97, which is 15% above median its own 10-year median of 9.55. 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 PB Ratio is 10.97, which is 15% above median its 10-year median of 9.55 and 205.6% above the Aerospace & Defense industry median of 3.59. 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 PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Axon Enterprise (FRA:TCS), the current PB Ratio is 10.97 as of Jun. 27, 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:
PB Ratio: 10.97 (15% above median its 10-year median of 9.55)
GF Value™: €538.73 vs. price of €416.20 (22.7% below fair value)
Industry Position: 205.6% above the Aerospace & Defense median (#287 of 339)
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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