Axis Capital Holdings Ltd. (AXS) intrinsic value & 10-year financials
Axis Capital Holdings Ltd. (AXS) has a Graham intrinsic value of $261.05 per share. At $99.63 on Oct 17, 2026, the stock trades 62% below that value. Over the last 10 fiscal years revenue grew 5.6% a year to $6.6B, with an average return on invested capital of 6.5%.
- Graham intrinsic value
- $261.05
- Share price (Oct 17, 2026)
- $99.63
- Price vs Graham value
- 62% below
- Market cap
- $7.9B
- Revenue (FY2025)
- $6.6B
- Revenue growth (10-yr CAGR)
- 5.6%
- ROIC (10-yr avg)
- 6.5%
- Free cash flow (FY2025)
- —
AXS 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $6.6B | $1.0B | $12.35 | — | — | 16.2% |
| FY2024 | $6.0B | $1.1B | $12.35 | — | — | 19.1% |
| FY2023 | $5.6B | $376.3M | $4.02 | — | — | 7.6% |
| FY2022 | $5.1B | $223.1M | $2.25 | $655.4M | — | 4.4% |
| FY2021 | $5.3B | $618.6M | $6.90 | $1.1B | — | 11.6% |
| FY2020 | $4.8B | -$120.4M | -$1.79 | $298.8M | — | -2.2% |
| FY2019 | $5.2B | $323.5M | $3.34 | $135.9M | — | 6.1% |
| FY2018 | $32.0M | $43.0M | $0.00 | -$14.3M | — | 0.8% |
| FY2017 | $4.6B | -$369.0M | -$4.94 | $216.5M | — | -6.4% |
| FY2016 | $4.0B | $513.4M | $5.08 | $379.6M | — | 8.2% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
AXIS CAPITAL HOLDINGS LTD has demonstrated mature, steady growth, with revenue compounding at 5.6% annually over the past decade.
AXIS CAPITAL HOLDINGS LTD 10-year average ROIC is N/A; capital efficiency cannot be assessed from the available history.
Over the decade, AXIS CAPITAL HOLDINGS LTD shows that management has aggressively returned capital to shareholders by retiring 13.4% of outstanding shares.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, AXIS CAPITAL HOLDINGS LTD is modeled at 8.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $261.05 per share.