P/E ratio for AXIS Capital (AXS)
P/E ratio as of April 2024 (TTM): 9.74
According to AXIS Capital 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 9.74168. At the end of 2022 the company had a P/E ratio of 23.9.
P/E ratio history for AXIS Capital from 2003 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 23.9 | 204.48% |
| 2021 | 7.84 | -128% |
| 2020 | -28.0 | -258.25% |
| 2019 | 17.7 | -99.66% |
| 2018 | > 1000 | -51472.86% |
| 2017 | -10.1 | -179.78% |
| 2016 | 12.6 | 37.17% |
| 2015 | 9.19 | 33.24% |
| 2014 | 6.89 | -13.04% |
| 2013 | 7.93 | -8.22% |
| 2012 | 8.64 | -106.49% |
| 2011 | -133 | -2616.36% |
| 2010 | 5.29 | -37.6% |
| 2009 | 8.48 | -28.94% |
| 2008 | 11.9 | 118.97% |
| 2007 | 5.45 | 0.94% |
| 2006 | 5.40 | -89.82% |
| 2005 | 53.0 | 525.89% |
| 2004 | 8.47 | 6.46% |
| 2003 | 7.96 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Maiden Holdings
MHLD | 10.8 | 11.21% | 🇧🇲 Bermuda |
 Arch Capital ACGL | 11.5 | 17.86% | 🇧🇲 Bermuda |
 RenaissanceRe
RNR | 7.15 | -26.59% | 🇧🇲 Bermuda |
 XL Fleet XL | -2.48 | -125.44% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.