Axos Financial, Inc. (AX) Financial Ratios
23 years of historical data (2003–2025) · Financial Services · Banks - Regional
EV/EBITDA
↓
5.38
↑+30% vs avg
5yr avg: 4.13
30Y Low0.3·High82.6
P/FCF
↑
11.50
+4% vs avg
5yr avg: 11.01
30Y Low5.0·High162.1
P/B Ratio
↓
1.92
↑+25% vs avg
5yr avg: 1.54
30Y Low0.6·High3.5
ROE
↑
17.4%
-1% vs avg
5yr avg: 17.7%
30Y Low5%·High21%
Debt/EBITDA
↓
0.58
↓-47% vs avg
5yr avg: 1.09
30Y Low0.6·High45.7
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
AX Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Axos Financial, Inc. trades at 11.9x earnings, 25% above its 5-year average of 9.5x, sitting at the 57th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.6x, the stock trades at a discount of 13%. On a free-cash-flow basis, the stock trades at 11.5x P/FCF, roughly in line with the 5-year average of 11.0x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $5.0B | $4.4B | $3.4B | $2.4B | $2.2B | $2.8B | $1.4B | $1.7B | $2.6B | $1.5B | $1.1B |
| Enterprise Value | $3.5B | $2.9B | $1.8B | $608M | $1.5B | $2.7B | $78M | $1.8B | $2.5B | $1.6B | $1.5B |
| P/E Ratio → | 11.91 | 10.23 | 7.46 | 7.78 | 9.03 | 13.03 | 7.41 | 10.94 | 17.19 | 11.46 | 9.57 |
| P/S Ratio | 2.60 | 2.30 | 1.90 | 1.89 | 2.87 | 3.94 | 1.89 | 2.64 | 4.81 | 3.38 | 2.97 |
| P/B Ratio | 1.92 | 1.65 | 1.47 | 1.25 | 1.32 | 2.00 | 1.10 | 1.58 | 2.73 | 1.85 | 1.67 |
| P/FCF | 11.50 | 10.15 | 12.45 | 14.35 | 11.14 | 6.98 | 4.99 | 9.22 | 16.81 | 8.12 | 7.27 |
| P/OCF | 10.23 | 9.03 | 10.99 | 12.14 | 10.03 | 6.80 | 4.77 | 8.32 | 15.63 | 7.76 | 6.82 |
P/E links to full P/E history page with 30-year chart
AX EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Axos Financial, Inc.'s enterprise value stands at 5.4x EBITDA, 30% above its 5-year average of 4.1x. The Financial Services sector median is 11.4x, placing the stock at a 53% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.49 | 1.01 | 0.48 | 2.02 | 3.75 | 0.11 | 2.82 | 4.60 | 3.57 | 3.83 |
| EV / EBITDA | 5.38 | 4.46 | 2.70 | 1.33 | 4.21 | 7.93 | 0.26 | 7.92 | 10.12 | 6.81 | 7.01 |
| EV / EBIT | 5.63 | 4.67 | 2.82 | 1.41 | 4.51 | 8.72 | 0.30 | 8.53 | 10.48 | 6.99 | 7.18 |
| EV / FCF | — | 6.58 | 6.65 | 3.65 | 7.86 | 6.63 | 0.29 | 9.85 | 16.10 | 8.57 | 9.39 |
AX Profitability
Margins and return-on-capital ratios measuring operating efficiency
Axos Financial, Inc. earns an operating margin of 31.8%, above the Financial Services sector average of 20.3%. Operating margins have compressed from 34.2% to 31.8% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 17.4% indicates solid capital efficiency, compared to the sector median of 9.0%. ROIC of 16.0% represents solid returns on invested capital versus a sector median of 5.5%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 61.5% | 61.5% | 58.9% | 68.5% | 89.9% | 85.6% | 73.9% | 71.5% | 75.8% | 81.3% | 82.7% |
| Operating Margin | 31.8% | 31.8% | 36.0% | 34.2% | 44.9% | 42.9% | 36.6% | 33.0% | 43.9% | 51.1% | 53.4% |
| Net Profit Margin | 22.4% | 22.4% | 25.5% | 24.3% | 31.8% | 30.3% | 25.6% | 24.1% | 27.9% | 29.6% | 31.1% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 17.4% | 17.4% | 21.4% | 17.3% | 15.8% | 16.4% | 15.9% | 15.3% | 17.0% | 17.8% | 19.6% |
| ROA | 1.8% | 1.8% | 2.1% | 1.6% | 1.5% | 1.5% | 1.5% | 1.5% | 1.7% | 1.7% | 1.8% |
| ROIC | 16.0% | 16.0% | 18.8% | 14.2% | 12.2% | 12.4% | 11.6% | 10.1% | 11.9% | 11.4% | 10.9% |
| ROCE | 18.1% | 18.1% | 21.4% | 15.0% | 11.6% | 12.4% | 13.1% | 12.0% | 15.3% | 15.0% | 14.3% |
AX Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Axos Financial, Inc. carries a Debt/EBITDA ratio of 0.6x, which is very conservative (86% below the sector average of 4.3x). The company holds a net cash position — cash of $1.9B exceeds total debt of $373M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of just 0.9x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.14 | 0.14 | 0.18 | 0.24 | 0.34 | 0.41 | 0.39 | 0.58 | 0.53 | 0.86 | 1.20 |
| Debt / EBITDA | 0.58 | 0.58 | 0.63 | 0.99 | 1.54 | 1.71 | 1.61 | 2.74 | 2.06 | 2.99 | 3.90 |
| Net Debt / Equity | — | -0.58 | -0.68 | -0.93 | -0.39 | -0.10 | -1.04 | 0.11 | -0.12 | 0.10 | 0.48 |
| Net Debt / EBITDA | -2.43 | -2.43 | -2.36 | -3.91 | -1.76 | -0.42 | -4.29 | 0.51 | -0.45 | 0.36 | 1.58 |
| Debt / FCF | — | -3.58 | -5.80 | -10.70 | -3.28 | -0.35 | -4.70 | 0.63 | -0.71 | 0.45 | 2.12 |
| Interest Coverage | 0.89 | 0.89 | 0.92 | 1.15 | 6.47 | 3.86 | 1.81 | 1.36 | 2.25 | 3.14 | 3.61 |
Net cash position: cash ($1.9B) exceeds total debt ($373M)
AX Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.11x is below 1.0, meaning current liabilities exceed current assets — though the company's $1.9B cash position helps mitigate short-term liquidity concerns. The current ratio has declined from 0.17x to 0.11x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.11 | 0.11 | 0.12 | 0.17 | 0.13 | 0.11 | 0.18 | 0.10 | 0.10 | 0.13 | 0.13 |
| Quick Ratio | 0.11 | 0.11 | 0.12 | 0.17 | 0.13 | 0.11 | 0.18 | 0.10 | 0.10 | 0.13 | 0.13 |
| Cash Ratio | 0.09 | 0.09 | 0.10 | 0.13 | 0.08 | 0.06 | 0.15 | 0.06 | 0.08 | 0.09 | 0.08 |
| Asset Turnover | — | 0.08 | 0.08 | 0.06 | 0.04 | 0.05 | 0.05 | 0.06 | 0.06 | 0.05 | 0.05 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
AX Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Axos Financial, Inc. returns 1.2% to shareholders annually primarily through share buybacks. The earnings yield of 8.4% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 8.4% | 9.8% | 13.4% | 12.9% | 11.1% | 7.7% | 13.5% | 9.1% | 5.8% | 8.7% | 10.4% |
| FCF Yield | 8.7% | 9.8% | 8.0% | 7.0% | 9.0% | 14.3% | 20.0% | 10.8% | 5.9% | 12.3% | 13.8% |
| Buyback Yield | 1.2% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 1.2% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $58M | $59M | $61M | $61M | $61M | $61M | $62M | $64M | $65M | $64M |
Peer Comparison
Compare AX with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 AXYou | $5B | 11.9 | 5.4 | 11.5 | 61.5% | 31.8% | 17.4% | 16.0% | 0.6 |
 WAL | $9B | 9.0 | 9.6 | — | 61.1% | 22.9% | 13.2% | 6.5% | 5.4 |
 CUBI | $3B | 12.3 | 12.0 | 5.3 | 51.6% | 22.0% | 11.3% | 6.6% | 4.9 |
 BANR | $2B | 11.6 | 9.5 | 9.0 | 79.0% | 29.5% | 10.5% | 7.7% | 1.5 |
 ALLY | $14B | 19.2 | 10.6 | — | 52.0% | 8.6% | 5.8% | 2.2% | 8.9 |
 SLM | $5B | 6.6 | 6.2 | 7.9 | 53.1% | 31.9% | 32.3% | 8.8% | 5.9 |
 NAVI | $740M | -9.7 | 17.8 | 1.7 | 87.0% | 77.1% | -3.2% | 3.8% | 18.3 |
 LDI | $372M | -3.7 | 22.1 | — | 88.3% | 13.2% | -14.0% | 2.7% | 22.0 |
 PFSI | $4B | 8.6 | 17.8 | — | 91.4% | 34.6% | 12.3% | 4.4% | 15.3 |
 UWMC | $319M | 17.1 | 7.6 | — | 85.6% | 58.0% | 1.5% | 8.9% | 7.7 |
 FIS | $19B | 50.3 | 6.3 | 6.9 | 36.9% | 16.5% | 2.6% | 6.0% | 1.1 |
| Financial Services Median | — | 13.6 | 11.4 | 11.1 | 64.1% | 20.3% | 9.0% | 5.5% | 4.3 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 23 years · Updated daily
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AX — Frequently Asked Questions
Quick answers to the most common questions about buying AX stock.
What is Axos Financial, Inc.'s P/E ratio?
Axos Financial, Inc.'s current P/E ratio is 11.9x. The historical average is 16.5x. This places it at the 57th percentile of its historical range.
What is Axos Financial, Inc.'s EV/EBITDA?
Axos Financial, Inc.'s current EV/EBITDA is 5.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 21.2x.
What is Axos Financial, Inc.'s ROE?
Axos Financial, Inc.'s return on equity (ROE) is 17.4%. The historical average is 14.0%.
Is AX stock overvalued?
Based on historical data, Axos Financial, Inc. is trading at a P/E of 11.9x. This is at the 57th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Axos Financial, Inc.'s profit margins?
Axos Financial, Inc. has 61.5% gross margin and 31.8% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Axos Financial, Inc. have?
Axos Financial, Inc.'s Debt/EBITDA ratio is 0.6x, indicating low leverage. A ratio below 2x is generally considered financially healthy.