AXIS Capital Holdings Limited (AXS) Financial Ratios
24 years of historical data (2002–2025) · Financial Services · Insurance - Property & Casualty
EV/EBITDA
↓
6.33
↓-36% vs avg
5yr avg: 9.90
30Y Low3.9·High51.1
P/FCF
↓
N/A
—
5yr avg: 4.82
30Y Low2.5·High36.9
P/B Ratio
↑
1.26
+18% vs avg
5yr avg: 1.07
30Y Low0.7·High1.6
ROE
↑
16.2%
↓+38% vs avg
5yr avg: 11.8%
30Y Low-6%·High24%
Debt/EBITDA
↓
1.16
↓-54% vs avg
5yr avg: 2.52
30Y Low0.4·High12.7
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
AXS Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
AXIS Capital Holdings Limited trades at 8.2x earnings, 34% below its 5-year average of 12.3x, sitting at the 35th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.6x, the stock trades at a discount of 40%.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $7.4B | $8.5B | $7.5B | $4.8B | $4.6B | $4.6B | $4.2B | $5.0B | $4.3B | $4.2B | $6.0B |
| Enterprise Value | $8.1B | $9.2B | $6.9B | $5.3B | $5.4B | $5.2B | $4.8B | $5.7B | $3.9B | $4.2B | $5.7B |
| P/E Ratio → | 8.18 | 8.67 | 7.18 | 13.77 | 24.08 | 7.89 | — | 17.80 | 101.25 | — | 12.85 |
| P/S Ratio | 1.13 | 1.29 | 1.25 | 0.85 | 0.87 | 0.87 | 0.89 | 0.97 | 0.85 | 0.95 | 1.45 |
| P/B Ratio | 1.26 | 1.34 | 1.24 | 0.90 | 1.00 | 0.86 | 0.80 | 0.91 | 0.86 | 0.79 | 0.95 |
| P/FCF | — | — | 4.09 | 3.79 | 7.08 | 4.32 | 14.21 | 36.95 | — | 14.85 | 22.69 |
| P/OCF | — | — | 4.09 | 3.79 | 6.70 | 4.17 | 12.36 | 25.23 | 402.68 | 16.31 | 14.69 |
P/E links to full P/E history page with 30-year chart
AXS EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
AXIS Capital Holdings Limited's enterprise value stands at 6.3x EBITDA, 36% below its 5-year average of 9.9x. The Financial Services sector median is 11.4x, placing the stock at a 44% 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 | — | 1.40 | 1.15 | 0.95 | 1.02 | 0.98 | 1.01 | 1.10 | 0.75 | 0.95 | 1.39 |
| EV / EBITDA | 6.33 | 7.15 | 6.48 | 11.25 | 17.29 | 7.31 | — | 13.82 | 172.36 | — | 10.48 |
| EV / EBIT | 6.62 | 7.09 | 6.41 | 11.42 | 17.58 | 7.36 | — | 14.06 | 48.14 | — | 9.99 |
| EV / FCF | — | — | 3.74 | 4.25 | 8.22 | 4.86 | 16.04 | 41.97 | — | 14.90 | 21.75 |
AXS Profitability
Margins and return-on-capital ratios measuring operating efficiency
AXIS Capital Holdings Limited earns an operating margin of 18.7%, roughly in line with the Financial Services sector average. Operating margins have expanded from 7.1% to 18.7% over the past 3 years, signaling improving operational efficiency. ROE of 16.2% indicates solid capital efficiency, compared to the sector median of 9.0%. ROIC of 14.8% 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 | 49.9% | 49.9% | 29.7% | 21.4% | 19.6% | 26.1% | 11.6% | 21.5% | 18.8% | 7.4% | 28.5% |
| Operating Margin | 18.7% | 18.7% | 16.8% | 7.1% | 4.6% | 12.2% | -2.7% | 6.5% | 0.2% | -8.3% | 12.6% |
| Net Profit Margin | 15.4% | 15.4% | 18.0% | 6.7% | 4.2% | 11.6% | -2.5% | 6.2% | 0.8% | -8.3% | 12.4% |
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 | 16.2% | 16.2% | 19.1% | 7.6% | 4.4% | 11.6% | -2.2% | 6.1% | 0.8% | -6.4% | 8.5% |
| ROA | 3.0% | 3.0% | 3.4% | 1.3% | 0.8% | 2.3% | -0.5% | 1.3% | 0.2% | -1.6% | 2.5% |
| ROIC | 14.8% | 14.8% | 13.4% | 5.3% | 3.2% | 8.2% | -1.6% | 4.7% | 0.2% | -4.9% | 6.7% |
| ROCE | 6.0% | 6.0% | 5.3% | 2.3% | 1.5% | 4.2% | -0.5% | 1.4% | 0.2% | -5.3% | 7.4% |
AXS Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
AXIS Capital Holdings Limited carries a Debt/EBITDA ratio of 1.2x, which is manageable (73% below the sector average of 4.3x). Net debt stands at $673M ($1.5B total debt minus $820M cash). Interest coverage of 19.4x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.23 | 0.23 | 0.24 | 0.29 | 0.32 | 0.26 | 0.27 | 0.35 | 0.27 | 0.26 | 0.16 |
| Debt / EBITDA | 1.16 | 1.16 | 1.40 | 3.21 | 4.80 | 2.00 | — | 4.66 | 60.08 | — | 1.82 |
| Net Debt / Equity | — | 0.11 | -0.11 | 0.11 | 0.16 | 0.11 | 0.10 | 0.12 | -0.10 | 0.00 | -0.04 |
| Net Debt / EBITDA | 0.52 | 0.52 | -0.62 | 1.20 | 2.39 | 0.82 | — | 1.65 | -21.85 | — | -0.45 |
| Debt / FCF | — | — | -0.36 | 0.45 | 1.14 | 0.54 | 1.83 | 5.02 | — | 0.04 | -0.94 |
| Interest Coverage | 19.39 | 19.39 | 15.88 | 6.82 | 4.85 | 11.42 | -0.72 | 5.95 | 1.19 | -5.72 | 11.16 |
AXS Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.58x means AXIS Capital Holdings Limited can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has improved from 1.46x to 1.58x 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 | 1.58 | 1.58 | 1.59 | 1.46 | 1.40 | 1.43 | — | — | 0.97 | 1.04 | 1.24 |
| Quick Ratio | 1.58 | 1.58 | 1.59 | 1.46 | 1.40 | 1.43 | — | — | 0.97 | 1.04 | 1.24 |
| Cash Ratio | 0.42 | 0.42 | 0.55 | 0.44 | 0.43 | 0.50 | — | — | 0.74 | 0.82 | 0.99 |
| Asset Turnover | — | 0.19 | 0.18 | 0.18 | 0.19 | 0.19 | 0.18 | 0.20 | 0.21 | 0.18 | 0.20 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
AXS Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
AXIS Capital Holdings Limited returns 13.7% to shareholders annually — split between a 1.8% dividend yield and 11.9% buyback yield. The payout ratio of 14.1% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 12.2% (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 | 1.8% | 1.7% | 2.0% | 3.2% | 3.2% | 3.1% | 3.3% | 2.7% | 3.1% | 3.2% | 2.2% |
| Payout Ratio | 14.1% | 14.1% | 14.0% | 40.9% | 66.9% | 23.5% | — | 42.4% | 310.3% | — | 25.8% |
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 | 12.2% | 11.5% | 13.9% | 7.3% | 4.2% | 12.7% | — | 5.6% | 1.0% | — | 7.8% |
| FCF Yield | — | — | 24.4% | 26.4% | 14.1% | 23.2% | 7.0% | 2.7% | — | 6.7% | 4.4% |
| Buyback Yield | 11.9% | 10.5% | 2.6% | 0.0% | 0.8% | 0.0% | 0.2% | 0.2% | 0.2% | 6.8% | 9.4% |
| Total Shareholder Yield | 13.7% | 12.1% | 4.7% | 3.2% | 4.0% | 3.1% | 3.6% | 2.9% | 3.3% | 10.0% | 11.6% |
| Shares Outstanding | — | $79M | $85M | $86M | $86M | $85M | $84M | $84M | $84M | $84M | $92M |
Peer Comparison
Compare AXS 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 |
|---|---|---|---|---|---|---|---|---|---|
 AXSYou | $7B | 8.2 | 6.3 | — | 49.9% | 18.7% | 16.2% | 14.8% | 1.2 |
 RNR | $13B | 5.3 | 3.4 | 3.5 | 40.7% | 31.5% | 14.6% | 16.0% | 0.6 |
 MKL | $23B | 10.9 | 8.0 | 9.0 | 69.4% | 16.5% | 11.5% | 10.7% | 1.5 |
 ACGL | $32B | 7.8 | 6.6 | 5.3 | 37.2% | 25.0% | 19.5% | 15.4% | 0.5 |
 PRE | $349M | -7.6 | — | — | 52.8% | -41.3% | -21.8% | -21.2% | — |
 AIG | $40B | 13.6 | 6.5 | 12.0 | 34.5% | 14.5% | 7.4% | 5.9% | 1.3 |
 HIG | $35B | 9.6 | 7.7 | 6.1 | 46.1% | 16.8% | 21.7% | 16.3% | 0.8 |
 CNA | $12B | 9.5 | 8.6 | 5.0 | 30.7% | 11.0% | 11.5% | 8.9% | 1.8 |
 WRB | $25B | 15.1 | 11.1 | 7.3 | 19.8% | 15.9% | 19.6% | 18.2% | 1.2 |
 TRV | $67B | 11.2 | 8.8 | — | 44.3% | 16.0% | 20.7% | 15.3% | 1.1 |
 CINF | $26B | 11.2 | 8.2 | 8.6 | 50.1% | 23.6% | 16.0% | 15.3% | 0.3 |
| 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 →
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Includes 30+ ratios · 24 years · Updated daily
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AXS — Frequently Asked Questions
Quick answers to the most common questions about buying AXS stock.
What is AXIS Capital Holdings Limited's P/E ratio?
AXIS Capital Holdings Limited's current P/E ratio is 8.2x. The historical average is 17.0x. This places it at the 35th percentile of its historical range.
What is AXIS Capital Holdings Limited's EV/EBITDA?
AXIS Capital Holdings Limited's current EV/EBITDA is 6.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.4x.
What is AXIS Capital Holdings Limited's ROE?
AXIS Capital Holdings Limited's return on equity (ROE) is 16.2%. The historical average is 10.4%.
Is AXS stock overvalued?
Based on historical data, AXIS Capital Holdings Limited is trading at a P/E of 8.2x. This is at the 35th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is AXIS Capital Holdings Limited's dividend yield?
AXIS Capital Holdings Limited's current dividend yield is 1.78% with a payout ratio of 14.1%.
What are AXIS Capital Holdings Limited's profit margins?
AXIS Capital Holdings Limited has 49.9% gross margin and 18.7% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does AXIS Capital Holdings Limited have?
AXIS Capital Holdings Limited's Debt/EBITDA ratio is 1.2x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.