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Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.
Axos Financial Price-to-Tangible-Book Related Terms
Axos Financial Price-to-Tangible-Book Historical Data
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The historical data trend for Axos Financial's Price-to-Tangible-Book 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.
AX vs FLG, OZK, ABCB: Price-to-Tangible-Book Comparison
For the Banks - Regional subindustry, Axos Financial's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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.
Axos Financial Price-to-Tangible-Book vs Banks Industry
For the Banks industry and Financial Services sector, Axos Financial's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Axos Financial's Price-to-Tangible-Book falls into.
* 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 PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.
Axos Financial (AX) has a Price-to-Tangible-Book of 1.90 as of Sep. 01, 2026. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Axos Financial and its competitors. According to the industry distribution chart, Axos Financial ranks #1249 out of 1497 companies in the Banks industry, placing it in the top 83.4%.
Is Axos Financial's Price-to-Tangible-Book too high?
Axos Financial's current Price-to-Tangible-Book is 1.90. The Banks industry median Price-to-Tangible-Book is 1.20. Axos Financial's value of 1.90 is 58.3% above this industry median. Based on the distribution chart, Axos Financial ranks #1249 out of 1497 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, Axos Financial has a GF Score™ of 74/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Axos Financial's Price-to-Tangible-Book compare to FLG and OZK?
According to the Banks industry distribution chart, Axos Financial ranks #1249 out of 1497 companies for Price-to-Tangible-Book. This places Axos Financial in the lower half of its industry. The industry median Price-to-Tangible-Book is 1.20. Axos Financial's value of 1.90 is 58.3% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Price-to-Tangible-Book for a Banks company?
The median Price-to-Tangible-Book among Banks companies is 1.20, based on 1,497 companies in the industry. Companies in the top quartile (top 25%) have a Price-to-Tangible-Book significantly above this median, while those in the bottom quartile fall well below. However, Price-to-Tangible-Book should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Axos Financial's current Price-to-Tangible-Book of 1.90 is 58.3% 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 Price-to-Tangible-Book mean?
A high Price-to-Tangible-Book can signal that a stock is expensive relative to its fundamentals. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Axos Financial and its competitors. For the Banks industry, the median Price-to-Tangible-Book is 1.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Axos Financial's current Price-to-Tangible-Book is 1.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Axos Financial stock overvalued right now?
Based on GuruFocus' analysis, Axos Financial (AX) is currently considered Fairly Valued. The stock's GF Value™ is $92.53, compared to a current price of $96.79 — trading 4.6% above its estimated fair value. The current Price-to-Tangible-Book is 1.90 and 58.3% above the Banks industry median of 1.20. Axos Financial's overall GF Score™ is 74/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Price-to-Tangible-Book calculated?
Price-to-Tangible-Book is calculated from a company's financial statements. For Axos Financial (AX), the current Price-to-Tangible-Book is 1.90 as of Sep. 01, 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 Axos Financial (AX) Overvalued in 2026?
Based on GuruFocus' analysis, Axos Financial stock appears to be overvalued.
The current stock price of $96.79 is trading 4.6% above its estimated GF Value™ of $92.53.
GuruFocus considers Axos Financial to be Fairly Valued.
Key valuation signals for AX:
Price-to-Tangible-Book: 1.90
GF Value™: $92.53 vs. price of $96.79 (4.6% above fair value)
Industry Position: 58.3% above the Banks median (#1249 of 1497)
No single metric tells the full story. See the AX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Axos Financial Inc is a bank holding company that operates through its bank subsidiary, BofI Federal Bank, a nationwide bank that provides financing for single and multifamily residential properties, small to medium-size businesses in certain sectors, and selected specialty finance receivables. Its operating segments are banking business segment and securities business segment. The bank distributed its products through a wide range of retail distribution channels, including only banking brands, affinity groups, and sales teams, among others. The majority of the bank's mortgage exposure is titled toward the state of California, particularly its southern region. Net interest income is a majority of the bank's revenue.
74GF Score
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Price-to-Tangible-Book is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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