Using the PEG framework with analyst consensus forward EPS growth of 25.0%, Axon Enterprise, Inc. has a fair value of $194.17 based on NTM EPS (FY2026) of $7.77. The current PEG ratio is 0.53.
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 | $194.17 |
| 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 | — |
The PEG Fair Value uses the Price/Earnings-to-Growth framework. A stock is fairly valued when its P/E ratio equals its earnings growth rate (PEG = 1.0). This model adds dividend yield to the growth rate per the original PEGY formula.
Growth rate priority: analyst consensus forward EPS CAGR (when ≥ 3 analysts cover the stock), falling back to historical EPS CAGR. Using EPS rather than net income avoids distortion from share buybacks. The growth rate is clamped between 8% and 25% — below 8% would undervalue stable earners, while above 25% would overvalue unsustainable spikes.
| 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%