P/E ratio for AXIS Capital (AXS)
P/E ratio as of March 2023 (TTM): 24.0
According to AXIS Capital 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 24.0485. At the end of 2021 the company had a P/E ratio of 7.84.
P/E ratio history for AXIS Capital from 2004 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 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 | |
| 2014 | 6.89 | -13.04% |
| 2013 | 7.93 | -8.22% |
| 2012 | 8.64 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Maiden Holdings
MHLD | 3.33 | -86.14% | 🇧🇲 Bermuda |
 Arch Capital ACGL | 17.3 | -27.88% | 🇧🇲 Bermuda |
 RenaissanceRe
RNR | -7.81 | -132.48% | 🇧🇲 Bermuda |
 XL Fleet XL | -2.48 | -110.31% | 🇺🇸 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.