Using the industry peer median P/E Multiples multiple (trailing + forward), Axon Enterprise, Inc. (AXON) has a fair value of $95.26 based on 8 comparable companies in the Aerospace & Defense industry.
USD in millions except Fair Price. Subject company highlighted.
| Mkt Cap ($M) | Trailing P/E | Forward P/E | |
|---|---|---|---|
| Axon Enterprise, Inc.AXON | 39,366 | 260.7x | 76.5x |
| Quanta Services, Inc. | 95,349 | 93.7x | 48.7x |
| FedEx Corporation | 92,553 | 23.1x | 19.6x |
| Cummins Inc. | 91,299 | 32.2x | 32.2x |
| PACCAR Inc | 66,894 | 28.2x | 25.3x |
| TransDigm Group Incorporated | 65,417 | 36.1x | 29.8x |
| United Rentals, Inc. | 60,131 | 24.9x | 22.2x |
| L3Harris Technologies, Inc. | 59,857 | 37.6x | 27.6x |
| HEICO Corporation | 37,038 | 54.3x | 55.6x |
| Industry Median | 34.2x | 28.7x | |
| (*) Profit after tax | 125 | 514 | |
| Equity Value | 4,268 | 14,783 | |
| (/) Outstanding shares | 100 | 100 | |
| Fair Price | $43 | $148 | |
Using the industry peer median EV/EBITDA multiple (trailing + forward), Axon Enterprise, Inc. (AXON) has a fair value of $23.60 based on 8 comparable companies in the Aerospace & Defense industry.
USD in millions except Fair Price. Subject company highlighted.
| Mkt Cap ($M) | Trailing EV/EBITDA | Forward EV/EBITDA | |
|---|---|---|---|
| Axon Enterprise, Inc.AXON | 39,366 | 204.1x | 273.4x |
| Quanta Services, Inc. | 95,349 | 38.2x | 32.4x |
| FedEx Corporation | 92,553 | 11.9x | 11.1x |
| Cummins Inc. | 91,299 | 17.9x | 17.9x |
| PACCAR Inc | 66,894 | 13.7x | 15.0x |
| TransDigm Group Incorporated | 65,417 | 20.3x | 17.8x |
| United Rentals, Inc. | 60,131 | 10.6x | 11.3x |
| L3Harris Technologies, Inc. | 59,857 | 18.4x | 17.2x |
| HEICO Corporation | 37,038 | 32.0x | 32.3x |
| Industry Median | 18.2x | 17.5x | |
| (*) EBITDA | 196 | 147 | |
| = Enterprise Value | 3,572 | 2,566 | |
| (-) Net Debt | 709 | 709 | |
| Equity Value | 2,863 | 1,857 | |
| (/) Outstanding shares | 100 | 100 | |
| Fair Price | $29 | $19 | |
Using the industry peer median EV/Revenue multiple (trailing + forward), Axon Enterprise, Inc. (AXON) has a fair value of $68.71 based on 8 comparable companies in the Aerospace & Defense industry.
USD in millions except Fair Price. Subject company highlighted.
| Mkt Cap ($M) | Trailing EV/Revenue | Forward EV/Revenue | |
|---|---|---|---|
| Axon Enterprise, Inc.AXON | 39,366 | 14.4x | 19.3x |
| Quanta Services, Inc. | 95,349 | 3.4x | 2.9x |
| FedEx Corporation | 92,553 | 1.4x | 1.3x |
| Cummins Inc. | 91,299 | 2.9x | 2.9x |
| PACCAR Inc | 66,894 | 2.0x | 2.2x |
| TransDigm Group Incorporated | 65,417 | 10.5x | 9.2x |
| United Rentals, Inc. | 60,131 | 4.7x | 5.0x |
| L3Harris Technologies, Inc. | 59,857 | 3.2x | 3.0x |
| HEICO Corporation | 37,038 | 8.7x | 8.8x |
| Industry Median | 3.3x | 2.9x | |
| (*) Revenue | 2,780 | 2,075 | |
| = Enterprise Value | 9,111 | 6,047 | |
| (-) Net Debt | 709 | 709 | |
| Equity Value | 8,403 | 5,339 | |
| (/) Outstanding shares | 100 | 100 | |
| Fair Price | $84 | $53 | |
Using the PEG framework with analyst consensus forward EPS growth of 25.0%, the company has a fair value of $194.16 based on NTM EPS (FY2026) of $7.77. The current PEG ratio is 0.47.
PEG < 1 = bargain, 1–1.5 = fair, > 2 = expensive.
Growth above 25% is capped — hypergrowth may not be sustainable long-term.
| EPS Growth RateForward | 109.8% |
| Adjusted Growth (clamped 8–25%)Clamped | 25.0% |
| Fair P/E | 25.0x |
| NTM EPS (FY2026) | $7.77 |
| Fair Value | $194.16 |
| Period | EPS Est. | Growth | Analysts |
|---|---|---|---|
| FY2025 (actual) | $1.51 | — | — |
| FY2026E | $7.77 | +414.3% | 14 |
| FY2027E | $10.53 | +35.6% | 14 |
| FY2028E | $13.94 | +32.4% | 8 |
3Y Forward EPS CAGR: 109.8%
| Year | Net Income | EPS | YoY |
|---|---|---|---|
| FY2021 | $-60.0M | $-0.91 | — |
| FY2022 | $147.1M | $2.03 | — |
| FY2023 | $175.8M | $2.33 | +14.8% |
| FY2024 | $377.0M | $4.80 | +106.0% |
| FY2025 | $124.9M | $1.51 | -68.5% |
4Y Historical EPS CAGR: 17.4%
Disclaimer: Sweet Value Lab provides estimated intrinsic values for informational purposes only. This is not financial advice. All models rely on assumptions that may not reflect future performance. Always do your own research before making investment decisions.