Axon EnterpriseXSWX:AXON +41.28%81 Return-on-Tangible-Asset is 13.14% as of Mar. 2026, which is 208% above its 10-year median of 4.26. GuruFocus rates XSWX:AXON with a GF Score™ of 81/100 and a GF Value™ of CHF482.93. The stock has 4 warning signs investors should review. Among 357 Aerospace & Defense companies, Axon Enterprise ranks better than 56.3% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Axon Enterprise's annualizedNet Income for the quarter that ended in Mar. 2026 was CHF677 Mil. Axon Enterprise's average total tangible assets for the quarter that ended in Mar. 2026 was CHF5,155 Mil. Therefore, Axon Enterprise's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 13.14%.
The historical rank and industry rank for Axon Enterprise's Return-on-Tangible-Asset or its related term are showing as below:
XSWX:AXON'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -4.03 Med: 4.26 Max: 10.97
Current: 3.89
During the past 13 years, Axon Enterprise's highest Return-on-Tangible-Asset was 10.97%. The lowest was -4.03%. And the median was 4.26%.
XSWX:AXON's Return-on-Tangible-Asset is ranked better than 56.3% of 357
companies
in the Aerospace & Defense industry
Industry Median: 3.06
vs XSWX:AXON: 3.89
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Axon Enterprise Return-on-Tangible-Asset Related Terms
Axon Enterprise Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Axon Enterprise's Return-on-Tangible-Asset 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.
XSWX:AXON vs : Return-on-Tangible-Asset Comparison
For the Aerospace & Defense subindustry, Axon Enterprise's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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 Return-on-Tangible-Asset vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Axon Enterprise's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Axon Enterprise's Return-on-Tangible-Asset 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 13.14% mean?
Axon Enterprise (XSWX:AXON) has a Return-on-Tangible-Asset of 13.14% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Axon Enterprise and its competitors. This is 208% above median its historical median of 4.26. According to the industry distribution chart, Axon Enterprise ranks #156 out of 357 companies in the Aerospace & Defense industry, placing it in the top 43.7%.
Is Axon Enterprise's Return-on-Tangible-Asset too high?
Axon Enterprise's current Return-on-Tangible-Asset of 13.14% is 208% above median its 10-year median of 4.26. The Aerospace & Defense industry median Return-on-Tangible-Asset is 3.06. Axon Enterprise's value of 13.14% is 329.4% above this industry median. Based on the distribution chart, Axon Enterprise ranks #156 out of 357 companies in the Aerospace & Defense industry, which is above the industry midpoint. Overall, Axon Enterprise has a GF Score™ of 81/100, reflecting its overall financial health beyond just this single metric.
How does Axon Enterprise's Return-on-Tangible-Asset compare to ?
According to the Aerospace & Defense industry distribution chart, Axon Enterprise ranks #156 out of 357 companies for Return-on-Tangible-Asset. This puts Axon Enterprise in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.06. Axon Enterprise's value of 13.14% is 329.4% above this benchmark. While the company's 10-year median is 4.26 vs. the industry median of 3.06, 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 Return-on-Tangible-Asset for an Aerospace & Defense company?
The median Return-on-Tangible-Asset among Aerospace & Defense companies is 3.06, based on 357 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Axon Enterprise's current Return-on-Tangible-Asset of 13.14% is 329.4% 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Axon Enterprise and its competitors. For the Aerospace & Defense industry, the median Return-on-Tangible-Asset is 3.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Axon Enterprise's current Return-on-Tangible-Asset is 13.14%, which is 208% above median its own 10-year median of 4.26. 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 (XSWX:AXON) has a current Return-on-Tangible-Asset of 13.14%. The stock's GF Value™ is CHF482.93, compared to a current price of CHF476.80 — trading 1.3% below its estimated fair value. The current Return-on-Tangible-Asset is 13.14%, which is 208% above median its 10-year median of 4.26 and 329.4% above the Aerospace & Defense industry median of 3.06. 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 Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Axon Enterprise (XSWX:AXON), the current Return-on-Tangible-Asset is 13.14% as of Mar. 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 (XSWX:AXON) Overvalued in 2026?
Based on GuruFocus' analysis, Axon Enterprise stock appears to be undervalued.
The current stock price of CHF476.80 is trading 1.3% below its estimated GF Value™ of CHF482.93.
Key valuation signals for XSWX:AXON:
Return-on-Tangible-Asset: 13.14% (208% above median its 10-year median of 4.26)
GF Value™: CHF482.93 vs. price of CHF476.80 (1.3% below fair value)
Industry Position: 329.4% above the Aerospace & Defense median (#156 of 357)
No single metric tells the full story. See the XSWX: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.
81GF Score
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