Axis Capital Holdings (AXS) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Axis Capital Holdings

NYSE•Financial Services•Insurance - Specialty

$99.20-0.78(-0.01%)Market closed

Market Cap

$7.30B

P/E

6.6x

P/S

1.1x

P/B

1.1x

AXIS Capital Holdings Limited, through its subsidiaries, provides various specialty insurance and reinsurance products in Bermuda, the United States, and internationally. The company operates through two segments, Insurance and Reinsurance. Its Insurance segment offers professional insurance products that cover directors' and officers' liability, errors and omissions, employment practices, fiduciary, crime, professional indemnity, medical malpractice, environmental liability, and other financial insurance related coverages for commercial enterprises, financial institutions, not-for-profit organizations, and other professional service providers; and property insurance products for commercial buildings, residential premises, construction projects, property in transit, onshore renewable energy installations, and physical damage and business interruption following an act of terrorism. This segment also provides marine and aviation insurance services for offshore energy, offshore renewable energy, ocean marine, cargo, liability, including kidnap and ransom, fine art, specie, and hull war, hull and liability, and specific war coverage for passenger airlines, cargo operations, general aviation operations, airports, aviation authorities, security firms, and product manufacturers; personal accident, travel insurance, specialty health products for employer and affinity groups, and pet insurance products; and liability, cyber, and credit and political risk insurance services. The Reinsurance segment offers agriculture, marine and aviation, catastrophe, accident and health, credit and surety, motor, professional, travel, life, engineering, property, and liability reinsurance products. AXIS Capital Holdings Limited was founded in 2001 and is headquartered in Pembroke, Bermuda.

How this company scores

WeakMetricSide Score: 73/100

Grade capped at D — Interest coverage below 1× (0.3x) — earnings cannot cover interest. Strongest: Cash & Earnings Quality (22/25); weakest: Balance Sheet & Red Flags (14/25).

Profitability16/25

Growth21/25

Balance Sheet & Red Flags14/25

Cash & Earnings Quality22/25

Strengths

High ROERising earningsLow leverageCash-backed earnings

Grade capped at D

Interest coverage below 1× (0.3x) — earnings cannot cover interest.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 6.6x5y range 6.6x – 20.6x

Currently below its 20-quarter median.

P/S · 1.1x5y range 0.8x – 1.3x

Currently near its 20-quarter median.

P/B · 1.1x5y range 0.7x – 1.4x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

Operating margins dropped 21.4% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.

Price & Volume

Market Cap $7.30B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $6.81B
Q. Revenue: $1.75B
TTM EBITDA: $79.17M
TTM Op. Income: $22.23M
Q. Op. Income: $5.60M
TTM Net Income: $1.10B
Q. Net Income: $258.10M
EPS: $3.41
Shares Out.: $73.55M

$6.81B in TTM revenue grew 9.1% YoY, reaching $1.75B last quarter. TTM EBITDA of $79.17M and TTM operating income of $22.23M show growth is flowing through to the bottom line. TTM net income of $1.10B means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 6 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 0.5%
Op. Margin: 0.3%
Net Margin: 14.7%

Op. margin of 0.3% is down 0.2% YoY — costs are rising relative to revenue. Net margin at 14.7% Over the past year, operating margin is down 40% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 6.6x
P/S Ratio: 1.1x
P/B Ratio: 1.1x

At 6.6x P/E, the stock trades below typical market levels. P/S of 1.1x and P/B of 1.1x provide additional context. P/E sits below typical market levels while revenue is growing. Across the last 8 quarters, P/E has fallen for 2 consecutive quarters — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $36.62B
Cash: $780.00M
Long-Term Debt: $1.32B
Book Value: $6.50B
D/E Ratio: 0.2
Debt/EBITDA: 164.7

With $36.62B in assets and $1.32B in long-term debt, D/E is 0.2and book value is $6.50B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has fallen for 2 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $631.54M
TTM Free Cash Flow: $2.39B
FCF Margin: 35.2%
FCF / Net Income: 2.2

TTM FCF of $2.39B on $631.54M in operating cash flow. The FCF / Net Income ratio of 2.2x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 4 consecutive quarters — an improving trend.