P/E ratio for Axos Financial (AX)
P/E ratio as of May 2024 (TTM): 10.3
According to Axos Financial 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 10.2855. At the end of 2022 the company had a P/E ratio of 8.79.
P/E ratio history for Axos Financial from 2005 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 8.79 | -39.34% |
| 2021 | 14.5 | 35.08% |
| 2020 | 10.7 | -7.22% |
| 2019 | 11.6 | 19.8% |
| 2018 | 9.65 | -30.95% |
| 2017 | 14.0 | -3.59% |
| 2016 | 14.5 | 7.92% |
| 2015 | 13.4 | -21.13% |
| 2014 | 17.0 | -27.93% |
| 2013 | 23.6 | 137% |
| 2012 | 9.97 | 30.65% |
| 2011 | 7.63 | 5.26% |
| 2010 | 7.25 | 29.73% |
| 2009 | 5.59 | -54.13% |
| 2008 | 12.2 | -42.08% |
| 2007 | 21.0 | 6.21% |
| 2006 | 19.8 | -5.95% |
| 2005 | 21.1 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Northwest Bank
NWBI | 9.85 | -4.26% | 🇺🇸 USA |
 New York Community Bank
NYCB | 0.8425 | -91.81% | 🇺🇸 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.