---
title: Axon Enterprise (AXON) — intrinsic value and fair price
canonical: https://sweetvaluelab.com/stocks/axon
ticker: AXON
as_of: 2026-10-17
sector: Industrials
industry: Aerospace & Defense
---
# Axon Enterprise (AXON)

Axon Enterprise (AXON) closed at $390.29 on Oct 16, 2026, overvalued by 301% vs its model value of $97.22 (from its peers' median P/E).

## Key figures

| Figure | Value |
| --- | ---: |
| Last close | $390.29 (Oct 16, 2026) |
| Model value (from its peers' median P/E) | $97.22 |
| Price vs model | overvalued by 301% vs model |
| Range of that model | $92.35 – $103.52 |
| Market value | $31.7B |
| P/E (fiscal 2025) | 258.5 |
| Net margin (fiscal 2025) | 4.5% |
| Free cash flow (fiscal 2025) | $75.1M |
| Dividend yield (trailing twelve months) | 0.00% |
| Beta | 1.44 |
| Cost of capital (WACC) | 10.11% |
| Business classification | High Growth (High revenue growth (~33% recent), Thin margins (4.5% net margin), Highly cyclical earnings) |

## On the stock lists

| List | Place | Figure | Page |
| --- | ---: | ---: | --- |
| Worst performing this year | #33 | −31.3% | https://sweetvaluelab.com/lists/worst-performing-this-year |

## Valuation models

Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 17, 2026.

| Model | Role | Value per share | Low | High |
| --- | --- | ---: | ---: | ---: |
| DCF · Perpetuity growth · 5y | primary | $0.00 | $0.00 | $0.00 |
| DCF · Perpetuity growth · 10y | cross check | $0.00 | $0.00 | $0.00 |
| DCF · EBITDA exit · 5y | cross check | $1.43 | $0.04 | $7.35 |
| DCF · EBITDA exit · 10y | cross check | $3.05 | $0.75 | $17.30 |
| P/E · peers | cross check | $97.22 | $92.35 | $103.52 |
| P/E · own history | cross check | $618.15 | $504.73 | $895.38 |
| PEG | sanity check | $192.26 | $192.26 | $192.26 |
| EV/EBITDA · peers | cross check | $0.00 | $0.00 | $0.00 |
| EV/Revenue · peers | cross check | $138.99 | $117.24 | $184.15 |
| Earnings power value | cross check | $0.08 | $0.00 | $1.38 |

## Insider activity (SEC Form 4)

Past 90 days: 0 open-market buys ($0) and 35 open-market sales ($14.7M); 10b5-1 plan sales included.

| Date | Insider | Relationship | Transaction | Shares | Value |
| --- | --- | --- | --- | ---: | ---: |
| Oct 1, 2026 | Brooks Cameron | CHIEF REVENUE OFFICER | Tax withholding | 5,850 | $2.5M |
| Sep 11, 2026 | Fields Isaiah | Chief Legal Officer | Open-market sell (10b5-1 plan) | 1,017 | $488,617.6 |
| Sep 8, 2026 | SMITH PATRICK W | CHIEF EXECUTIVE OFFICER | Open-market sell (10b5-1 plan) | 71 | $35,641.3 |
| Sep 8, 2026 | SMITH PATRICK W | CHIEF EXECUTIVE OFFICER | Open-market sell (10b5-1 plan) | 410 | $206,532 |
| Sep 8, 2026 | SMITH PATRICK W | CHIEF EXECUTIVE OFFICER | Open-market sell (10b5-1 plan) | 1,104 | $558,173.8 |

## Recent SEC filings

| Filed | Form | What | Filing |
| --- | --- | --- | --- |
| Sep 21, 2026 | 8-K | 1.01 Entry into a Material Agreement; 2.03 Creation of a Direct Financial Obligation; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1069183/000119312526395997/d476163d8k.htm |
| Sep 17, 2026 | 424B5 | Prospectus supplement | https://www.sec.gov/Archives/edgar/data/1069183/000119312526394401/d101255d424b5.htm |
| Sep 15, 2026 | 424B5 | Prospectus supplement | https://www.sec.gov/Archives/edgar/data/1069183/000119312526391323/d101255d424b5.htm |
| Sep 15, 2026 | 8-K | 1.01 Entry into a Material Agreement; 2.03 Creation of a Direct Financial Obligation; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1069183/000119312526391320/d17675d8k.htm |
| Aug 6, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/1069183/000162828026053646/axon-20260630.htm |

## About

Axon Enterprise, Inc., founded in 1993 and headquartered in Scottsdale, Arizona, was previously known as TASER International, Inc. until its rebranding in April 2017. The company specializes in the development, production, and sale of conducted energy devices (CEDs) marketed under its well-known TASER brand, catering to both domestic and international clients. Axon's operations are divided into two primary segments: TASER, and Software and Sensors. In addition to its signature TASER devices, such as the TASER 7, X26P, X2, and consumer models, along with their corresponding cartridges, Axon offers an extensive portfolio of hardware and cloud-based software. These solutions are designed to equip law enforcement agencies with the means to capture, securely archive, manage, share, and analyze video and other digital evidence. Key products in this category include on-officer body cameras, Axo…

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Source: https://sweetvaluelab.com/stocks/axon (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.