Axon EnterpriseFRA:TCS +3.31%80 PS Ratio is 17.04 as of Jul. 07, 2026, which is 66% above its 10-year median of 10.27. GuruFocus rates FRA:TCS with a GF Score™ of 80/100 and a GF Value™ of €522.35 (Fairly Valued). The stock has 4 warning signs investors should review. Among 345 Aerospace & Defense companies, Axon Enterprise ranks worse than 86.38% on this metric.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. As of today, Axon Enterprise's share price is €536.20.
Axon Enterprise's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was €31.47. Hence, Axon Enterprise's PS Ratio for today is 17.04.
The historical rank and industry rank for Axon Enterprise's PS Ratio or its related term are showing as below:
FRA:TCS'
s PS Ratio Range Over the Past 10 Years
Min: 3.43 Med: 10.27 Max: 29.3
Current: 17
During the past 13 years, Axon Enterprise's highest PS Ratio was 29.30. The lowest was 3.43. And the median was 10.27.
FRA:TCS's PS Ratio is ranked worse than 86.38% of 345
companies
in the Aerospace & Defense industry
Industry Median: 3.83
vs FRA:TCS: 17.00
During the past 12 months, the average Revenue per Share Growth Rate of Axon Enterprise was 31.10% per year.
During the past 3 years, the average Revenue per Share Growth Rate was 27.30% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 25.50% per year.
During the past 10 years, the average Revenue per Share Growth Rate was 23.70% per year.
During the past 13 years, Axon Enterprise's highest 3-Year average Revenue per Share Growth Rate was 79.10% per year. The lowest was -3.20% per year. And the median was 23.30% per year.
Back to Basics: PS Ratio
Axon Enterprise (FRA:TCS) PS Ratio Explanation
The PS Ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. The PS Ratio works especially well when you want to compare the stock's current valuation with its historical valuation. The PS Ratio is a great valuation tool for evaluating cyclical businesses where the PE Ratio works poorly. It works the best when comparing the current valuation with the historical valuation because over time, a company's profit margin tends to revert to the mean.
When the PS Ratio is applied to the whole stock market, it can be used to evaluate the current market valuation and projected returns. In this case, the price is the total market cap of all stocks that are traded, and sales are the GDP of the country. This is how Warren Buffett estimates the broad market valuation and project future returns.
The PS Ratio does not tell you how cheap or expensive the stock is. It cannot be used to compare companies in different industries. It works better for companies within the same industry because these companies tend to have similar capital structures and profit margins. It works the best when comparing a company with itself in the past.
Axon Enterprise PS Ratio Related Terms
Axon Enterprise PS Ratio Historical Data
* Premium members only.
The historical data trend for Axon Enterprise's PS 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 PS Ratio, along with its competitors' market caps and PS 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 PS Ratio vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Axon Enterprise's PS Ratio distribution charts can be found below:
* The bar in red indicates where Axon Enterprise's PS Ratio falls into.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. It is a ratio widely used to value stocks and it was first used by Ken Fisher.
Axon Enterprise's Share Price of today is €536.20. Axon Enterprise's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €31.47.
* 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:
Axon Enterprise (FRA:TCS) has a PS Ratio of 17.04 as of Jul. 07, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Axon Enterprise and its competitors. This is 66% above median its historical median of 10.27. Over the past decade, Axon Enterprise's PS Ratio has ranged from 3.43 to 29.30. According to the industry distribution chart, Axon Enterprise ranks #298 out of 345 companies in the Aerospace & Defense industry, placing it in the top 86.4%.
Is Axon Enterprise's PS Ratio too high?
Axon Enterprise's current PS Ratio of 17.04 is 66% above median its 10-year median of 10.27. Over the past 10 years, this metric has ranged from a low of 3.43 to a high of 29.30. The Aerospace & Defense industry median PS Ratio is 3.83. Axon Enterprise's value of 17.04 is 344.9% above this industry median. Based on the distribution chart, Axon Enterprise ranks #298 out of 345 companies in the Aerospace & Defense industry, which is in the bottom quartile relative to peers. Overall, Axon Enterprise has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Axon Enterprise's PS Ratio compare to HEI.A and CW?
According to the Aerospace & Defense industry distribution chart, Axon Enterprise ranks #298 out of 345 companies for PS Ratio. This places Axon Enterprise in the lower half of its industry. The industry median PS Ratio is 3.83. Axon Enterprise's value of 17.04 is 344.9% above this benchmark. Historically, Axon Enterprise's own PS Ratio has ranged from 3.43 to 29.30 over the past decade. While the company's 10-year median is 10.27 vs. the industry median of 3.83, 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 PS Ratio for an Aerospace & Defense company?
The median PS Ratio among Aerospace & Defense companies is 3.83, based on 345 companies in the industry. Companies in the top quartile (top 25%) have a PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Axon Enterprise's current PS Ratio of 17.04 is 344.9% 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 PS Ratio mean?
A high PS Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Axon Enterprise and its competitors. For the Aerospace & Defense industry, the median PS Ratio is 3.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Axon Enterprise's current PS Ratio is 17.04, which is 66% above median its own 10-year median of 10.27. 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 Fairly Valued. The stock's GF Value™ is €522.35, compared to a current price of €536.20 — trading 2.7% above its estimated fair value. The current PS Ratio is 17.04, which is 66% above median its 10-year median of 10.27 and 344.9% above the Aerospace & Defense industry median of 3.83. Axon Enterprise's overall GF Score™ is 80/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PS Ratio calculated?
PS Ratio is calculated from a company's financial statements. For Axon Enterprise (FRA:TCS), the current PS Ratio is 17.04 as of Jul. 07, 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 overvalued.
The current stock price of €536.20 is trading 2.7% above its estimated GF Value™ of €522.35.
GuruFocus considers Axon Enterprise to be Fairly Valued.
Key valuation signals for FRA:TCS:
PS Ratio: 17.04 (66% above median its 10-year median of 10.27)
GF Value™: €522.35 vs. price of €536.20 (2.7% above fair value)
Industry Position: 344.9% above the Aerospace & Defense median (#298 of 345)
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.
80GF Score
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