Axos Financial Inc (AX) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Axos Financial Inc stock $68.63, price $92.67, that is 25.9% below the price, quality 49 out of 100. Rating: overvalued. Calculated from audited financials with 4 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range $33.36 – $105.10 · fair‑value band $54.05 – $102.13 · the $92.67 price screens above the $68.63 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Axos Financial, Inc., together with its subsidiaries, operates as a consumer and business banking provider in the United States. The company operates through two segments, Banking Business and Securities Business.
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It offers deposits products, including consumer and business checking, savings, time deposit, and commercial and deposits.
The company also provides residential single family, multifamily, and commercial mortgage loans; commercial real estate secured, commercial and industrial non-real estate, and auto and consumer loans.
In addition, it offers a range of investment and wealth management services, such as disclosed clearing, recordkeeping, trade reporting, and reorganization assistance services, as well as margin loans and securities lending services.
The company was formerly known as BofI Holding, Inc. and changed its name to Axos Financial, Inc. in September 2018. Axos Financial, Inc. was incorporated in 1999 and is based in Las Vegas, Nevada.
Stock analysis
Axos Financial Inc (AX) currently trades at $92.67, while our model-based Fair Value estimate is $68.63, 26% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of $91.88 per share, and 1 of the 4 models we run sit above the $92.67 price.
Bear case: the Asset-Based group reads lowest at $34.15, and 3 of the 4 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $54.05 (bear) to $102.13 (bull), the price of $92.67 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 49/100 (below-average quality), in the Financial Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Axos Financial Inc reported revenue of $2.2B in FY2026 versus $758M in FY2022, a compound +30.4%/yr. Reported net income was $490M in FY2026, compounding +19.5%/yr from FY2022.
Key figures
Market cap $5.4B Mid · P/E ratio 10.6 · P/S ratio 3.71 · EPS (TTM) $8.77 · Net margin 35.2% · Return on equity 16.7% · Return on assets (EBIT) 2.3% (5-year average) · Operating margin 49.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 71 out of 100 (low confidence).
What moves the price
The share trades about 12% below its 52-week high and 23% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −28% fair-value upside, at −26%, AX screens cheaper than that median.
Fair Value models
Bear$54.05Fair Value $68.63Bull$102.13
Price $92.67 · Downside -25.9%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 4 months old). Earnings retained since then ($3.17 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
In the last 6 months, one officer or director sold shares worth $52,650 and none bought.
SaleRoque A SantiDirector2× since May 8, 2026: 1,000 shares, avg. $96.54$96,535Aug 5, 2026
SaleThomas M ConstantineEVP, Chief Credit Officer2× since Feb 6, 2026: 5,254 shares, avg. $95.65$502,569Jun 8, 2026
SaleMichael James WatsonEVP, Head of Axos Securities1,653 shares at $83.77$138,472May 19, 2026
SaleMosich NickDirector2× since Feb 11, 2026: 2,275 shares, avg. $97.56$221,950Feb 17, 2026
SaleJames John CourtDirector11,163 shares at $101.01$1.1MFeb 6, 2026
SaleDerrick WalshEVP, Chief Financial Officer4,846 shares at $101.21$490,464Feb 6, 2026
SaleGregory GarrabrantsPresident and CEO, Director43,294 shares at $99.10$4.3MFeb 4, 2026
SaleTamara N BohligDirector2,145 shares at $86.23$184,963Dec 8, 2025
SaleEdward James RatinoffDirector2,145 shares at $84.59$181,446Dec 5, 2025
Plus 11 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+13.5%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+20.1%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+25.2%
Start year 2021 (pandemic). Over 10 years: +19.0% a year
Revenue growth 25 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+41.7%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+19.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+19.0%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.19.0% vs 16.4%, steady
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.43% → 30%
News mood ⓘNews mood, the average tone of recent news (98 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
AI conclusion: Average profile for a regional bank with limited distinct moat signals is the core assessment, strength in specialty lending expansion contrasts with thin evidence across all moat categories.
Main risk: Larger banks and fintechs could attract customers with greater scale, brand reach or advanced platforms, forcing Axos to raise marketing spend or accept lower margins on deposits and specialty loans.
Bull case: Axos could integrate its Arc acquisition and other AI tools to deliver more efficient underwriting and client platforms, helping it differentiate from rivals and sustain specialty lending growth.
Bear case: If competition from larger banks and fintechs continues to intensify, Axos could face sustained pressure on deposit costs and loan pricing, limiting its ability to expand the loan book profitably.
Axos has expanded specialty lending and equipment finance with a multi-billion dollar loan pipeline and recent additions of about 1.2 billion in leases and securitizations. Our models see the stock as overvalued despite this activity. Will the specialty lending momentum lift earnings enough to match our view, or will broader regional banking pressures limit the impact?
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Banks - Regional · 997 stocks
Beats the industry median on 8/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score49 · Below median
Fair Value upside−25.9% · Below median
Profitability
Return on equity (12 months)16.7% · Top 25%
Return on assets1.6% · Top 25%
Net margin (12 months)35.2% · Above median
Operating margin (12 months)49.3% · Above median
Growth and dividend
Revenue growth (quarter YoY)21.0% · Top 25%
Balance sheet
Debt / equity0.31× · Above median
Valuation Multiplesvs Banks - Regional median · lower = cheaper
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Is Axos Financial Inc (AX) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of $68.63 versus a price of $92.67, about 26% lower (overvalued).
What is the fair value of AX?
Our model-based fair value for Axos Financial Inc is $68.63 (as of Nov 8, 2026), built from audited fundamentals. The current price: $92.67.
What is the quality score of AX?
Axos Financial Inc has a Quality Score of 49/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Axos Financial Inc (AX)?
Our model-based price target is the fair value of $68.63 (as of Nov 8, 2026) from 4 valuation models. Cautious scenario $54.05, optimistic scenario $102.13. It is a calculation from audited fundamentals, not an analyst target.
What is the Axos Financial Inc stock forecast for 2026?
Our models put fair value at $68.63, about 26% lower versus a price of $92.67 (overvalued). Cautious scenario $54.05, optimistic scenario $102.13. The calculation is refreshed regularly with new filings.
What is the revenue of Axos Financial Inc (AX)?
Axos Financial Inc reported trailing-twelve-month revenue of about $1.4B (latest available figure, as of Nov 8, 2026).
What is the intrinsic value of Axos Financial Inc (AX)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Axos Financial Inc it is $68.63 per share (as of Nov 8, 2026), against a price of $92.67. It is the blended result of 4 valuation models in 3 families (Multiples, Asset-Based, Economic Profit).
Is Axos Financial Inc stock overvalued or undervalued in 2026?
As of Nov 8, 2026, AX trades above its calculated fair value: price $92.67, fair value $68.63, a gap of about −26% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of AX?
No. The price is what the market pays today ($92.67); the fair value is what the company's own numbers justify ($68.63). For Axos Financial Inc the two are $24.04 per share apart. That gap is exactly why we show both numbers side by side.
How much is Axos Financial Inc worth?
The market values Axos Financial Inc at about $5.4B (market capitalisation, as of Nov 8, 2026). Per share that is $92.67; our models calculate a fair value of $68.63 per share.
What do the bullish and bearish scenarios say about AX?
Our models span a range for Axos Financial Inc: cautious scenario $54.05, base $68.63, optimistic $102.13 per share (as of Nov 8, 2026, price $92.67). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of AX?
Axos Financial Inc trades at a price-to-earnings ratio of 10.6 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $68.63 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2017 to 2026), reported earnings, FY2017, FY2018 ex one-offs: 10.4. Other multiples: PEG 0.9, P/B 1.7, P/S 3.7, EV/EBITDA 7.2.
What is the PEG ratio of AX?
The PEG ratio of Axos Financial Inc is 0.95 (P/E divided by earnings growth, as of Nov 8, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Axos Financial Inc (AX)?
Balance-sheet figures for Axos Financial Inc (as of Nov 8, 2026): return on equity 16.7%, debt of 0.31 per unit of equity. They feed the Quality Score of 49/100, which measures business quality independently of the share price.
How far is AX from its 52-week high?
Axos Financial Inc trades at $92.67, about 12% below its 52-week high of $105.10 and 23% above the low of $75.60 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $68.63 is for.
Which stocks are comparable to Axos Financial Inc?
From the same area (Financial Services) we also value China Merchants Bank Co, DBS Group, UniCredit S.p.A, Mizuho Financial Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Axos Financial Inc stock attractive at the current price?
The data as of Nov 8, 2026: price $92.67, calculated fair value $68.63 (−26%), Quality Score 49/100, from 4 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of AX calculated?
We run Axos Financial Inc through 4 models from 3 families: Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of $68.63 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Axos Financial Inc itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Axos Financial Inc (AX)?
The closing price on Nov 6, 2026 was $92.67. Our model-based fair value is $68.63, about 26% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Axos Financial Inc right now?
Weak quality (49/100) and above fair value at the same time, the margin of safety is missing on both counts. A fairly wide model range ($54.05 to $102.13) leaves room in how you read the outcome. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of Axos Financial Inc (AX) come from?
Earnings per share at Axos Financial Inc grew +18.0 % a year from 2015 to 2026. Broken into its drivers: revenue per share +21.5 %, EBIT margin −5.2 %, tax rate +2.5 %, residual (interest, one-offs) +0.0 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Axos Financial Inc
How large is the market capitalisation of Axos Financial Inc (AX)?
The market capitalisation of Axos Financial Inc is $5.4B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Axos Financial Inc (AX)?
The price-to-sales ratio of Axos Financial Inc is 3.71 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Axos Financial Inc (AX)?
Earnings per share at Axos Financial Inc are $8.77 (price ÷ EPS = P/E 10.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Axos Financial Inc (AX)?
The net margin of Axos Financial Inc is 35.2% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Axos Financial Inc (AX)?
The return on equity (ROE) of Axos Financial Inc is 16.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Axos Financial Inc (AX)?
On an EBIT basis the return on assets of Axos Financial Inc is 2.3% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Axos Financial Inc (AX)?
The operating margin of Axos Financial Inc is 49.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Axos Financial Inc (AX)?
Revenue at Axos Financial Inc is growing +21.0% versus a year earlier (3y avg +20.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Axos Financial Inc (AX)?
Earnings per share at Axos Financial Inc are growing +16.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Axos Financial Inc (AX) generate?
The free cash flow of Axos Financial Inc is $291M (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Axos Financial Inc (AX) hold?
Axos Financial Inc holds more cash than debt, $35.0M net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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Nov 8, 2026