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The historical rank and industry rank for Axon Enterprise's Price-to-Tangible-Book or its related term are showing as below:
WBO:AXNE'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 5.84 Med: 10.24 Max: 35.96
Current: 26.56
During the past 13 years, Axon Enterprise's highest Price to Tangible Book Ratio was 35.96. The lowest was 5.84. And the median was 10.24.
WBO:AXNE's Price-to-Tangible-Book is ranked worse than 93.18% of 308
companies
in the Aerospace & Defense industry
Industry Median: 4.14
vs WBO:AXNE: 26.56
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.
Axon Enterprise Price-to-Tangible-Book Related Terms
Axon Enterprise Price-to-Tangible-Book Historical Data
* Premium members only.
The historical data trend for Axon Enterprise'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.
For the Aerospace & Defense subindustry, Axon Enterprise'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.
Axon Enterprise Price-to-Tangible-Book vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Axon Enterprise's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Axon Enterprise'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.
Axon Enterprise (WBO:AXNE) has a Price-to-Tangible-Book of 26.54 as of Sep. 15, 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 Axon Enterprise and its competitors. According to the industry distribution chart, Axon Enterprise ranks #287 out of 308 companies in the Aerospace & Defense industry, placing it in the top 93.2%.
Is Axon Enterprise's Price-to-Tangible-Book too high?
Axon Enterprise's current Price-to-Tangible-Book is 26.54. The Aerospace & Defense industry median Price-to-Tangible-Book is 4.14. Axon Enterprise's value of 26.54 is 541.1% above this industry median. Based on the distribution chart, Axon Enterprise ranks #287 out of 308 companies in the Aerospace & Defense industry, which is in the bottom quartile relative to peers. Overall, Axon Enterprise has a GF Score™ of 88/100, reflecting its overall financial health beyond just this single metric.
How does Axon Enterprise's Price-to-Tangible-Book compare to ?
According to the Aerospace & Defense industry distribution chart, Axon Enterprise ranks #287 out of 308 companies for Price-to-Tangible-Book. This places Axon Enterprise in the lower half of its industry. The industry median Price-to-Tangible-Book is 4.14. Axon Enterprise's value of 26.54 is 541.1% 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 an Aerospace & Defense company?
The median Price-to-Tangible-Book among Aerospace & Defense companies is 4.14, based on 308 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. Axon Enterprise's current Price-to-Tangible-Book of 26.54 is 541.1% 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 Axon Enterprise and its competitors. For the Aerospace & Defense industry, the median Price-to-Tangible-Book is 4.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Axon Enterprise's current Price-to-Tangible-Book is 26.54. 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?
Axon Enterprise (WBO:AXNE) has a current Price-to-Tangible-Book of 26.54. The stock's GF Value™ is €563.27, compared to a current price of €423.70 — trading 24.8% below its estimated fair value. The current Price-to-Tangible-Book is 26.54 and 541.1% above the Aerospace & Defense industry median of 4.14. Axon Enterprise's overall GF Score™ is 88/100 with 4 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 Axon Enterprise (WBO:AXNE), the current Price-to-Tangible-Book is 26.54 as of Sep. 15, 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 (WBO:AXNE) Overvalued in 2026?
Based on GuruFocus' analysis, Axon Enterprise stock appears to be undervalued.
The current stock price of €423.70 is trading 24.8% below its estimated GF Value™ of €563.27.
Key valuation signals for WBO:AXNE:
Price-to-Tangible-Book: 26.54
GF Value™: €563.27 vs. price of €423.70 (24.8% below fair value)
Industry Position: 541.1% above the Aerospace & Defense median (#287 of 308)
No single metric tells the full story. See the WBO:AXNE 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.
88GF Score
Get the complete analysis for WBO:AXNE
Price-to-Tangible-Book is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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