AXA SA banner

P/S

0.9
Current
5%
More Expensive
vs 3-y average of 0.9

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
0.9
=
Market Cap
€84.8B
/
Revenue
€91.8B

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
0.9
=
Market Cap
€84.8B
/
Revenue
€91.8B

Valuation Scenarios

AXA SA is trading above its 3-year average

If P/S returns to its 3-Year Average (0.9), the stock would be worth €39.06 (5% downside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-31%
Maximum Upside
+10%
Average Downside
6%
Scenario P/S Value Implied Price Upside/Downside
Current Multiple 0.9 €41.06
0%
3-Year Average 0.9 €39.06
-5%
5-Year Average 0.6 €28.36
-31%
Industry Average 1 €42.68
+4%
Country Average 1 €45.07
+10%

Forward P/S
Today’s price vs future revenue

Today's Market Cap Revenue Forward P/S
€84.8B
/
Jan 2026
€91.8B
=
0.9
Current
€84.8B
/
Dec 2026
€100B
=
0.8
Forward
€84.8B
/
Dec 2027
€106.9B
=
0.8
Forward
€84.8B
/
Dec 2028
€108.5B
=
0.8
Forward
€84.8B
/
Dec 2029
€140.3B
=
0.6
Forward
€84.8B
/
Dec 2030
€146.1B
=
0.6
Forward

Forward P/S shows whether today’s P/S still looks high or low once future revenue are taken into account.

Peer Comparison

All Multiples
P/S
P/E
All Countries
Close
Market Cap P/S P/E
FR
AXA SA
PAR:CS
83.8B EUR 0.9 8.8
DE
Allianz SE
XETRA:ALV
147.6B EUR 1.7 14
CH
Zurich Insurance Group AG
SIX:ZURN
76.9B CHF 1.3 14.7
IT
Assicurazioni Generali SpA
MIL:G
57.5B EUR 1.3 41.4
CN
China Pacific Insurance Group Co Ltd
SSE:601601
349.8B CNY 1.1 6.5
US
American International Group Inc
NYSE:AIG
39.9B USD 1.5 12.9
US
Hartford Financial Services Group Inc
NYSE:HIG
37.6B USD 1.3 9.3
DE
Talanx AG
XETRA:TLX
29B EUR 0.6 12
FI
Sampo Oyj
OMXH:SAMPO
23.8B EUR 2.1 11.7
UK
Aviva PLC
LSE:AV
19.1B GBP 0.7 25
IT
Unipol Gruppo SpA
MIL:UNI
15.8B EUR 1.4 10.6

Market Distribution

In line with most companies in France
Percentile
46th
Based on 1 780 companies
46th percentile
0.9
Low
0 — 0.5
Typical Range
0.5 — 2.1
High
2.1 —
Distribution Statistics
France
Min 0
30th Percentile 0.5
Median 1
70th Percentile 2.1
Max 34 178 916.3

Other Multiples

AXA SA
Glance View

AXA SA, a formidable titan in the world of insurance and asset management, stands tall with roots embedded deeply in the fertile economic soils of France. Emerging from a series of strategic mergers and acquisitions beginning in the early 19th century, AXA has meticulously crafted a global brand known for its resilience and adaptability. Today, the company operates in over 60 countries, embracing a diversified portfolio that straddles life insurance, general insurance, and asset management services. The fundamental mechanism through which AXA generates revenue is deeply entrenched in the core principles of risk management and investment returns. By pooling premiums from policyholders, AXA offers a safety net against life's unpredictability, and in turn, this collected capital is skillfully invested in a myriad of asset classes to maximize returns while effectively balancing risk. The intricate tapestry of AXA’s operations weaves together a complex network of subsidiaries, each attuned to the distinct nuances of their respective markets. They offer everything from traditional insurance products such as auto and home insurance to more specialized financial services like health coverage and retirement planning. But the magic lies in their asset management arm, which amplifies the company’s financial prowess by optimizing the deployment of capital across global markets. AXA's skilled team of financial strategists and analysts navigates through volatile economic landscapes, ensuring the portfolios under their stewardship are finely tuned for growth. An ongoing commitment to innovation, partly driven by ever-evolving customer expectations and technological advancements, keeps AXA at the forefront, continuously shaping and redefining the paradigms of modern risk management.

CS Intrinsic Value
58.39 EUR
Undervaluation 30%
Intrinsic Value
Price €41.06
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