QualityDipStocks / Finance · Savings Institutions
Axos Financial AX
Outside our quality screen, so we don’t track its dips. It’s 10% below its 52-week high.
Outside our quality screen, trading well below our fair value estimate.
- Fair value est.
- $154.30+63%
- Market Value
- forming
- Off 52-wk high
- −10%
- Risk vs market
- Below marketbeta 0.81
5 bullish · 2 bearish See why
Repriced or dip?
Near its high
The price is 10% below its 52-week high (Aug 4), but the business held up: revenue +9.1%, revenue growth rate +7.3 pts, earnings per share +6.6%.
Some numbers held up (revenue +9.1%, revenue growth rate +7.3 pts, earnings per share +6.6%), others slipped. The price is 10% below its 52-week high.
The price is 10% below its 52-week high, and the business changed too.
Within 10% of its 52-week high, so there is no dip to judge yet.
Data-based read, not advice.
Priced in
How much growth the market assumed at the 52-week high, the low and today (a reverse DCF).
52-wk high: P/E 12.5×; 52-wk low: P/E 9.9×; now: P/E 10.6×.
| High | Low | Now | |
|---|---|---|---|
| Price | $105.10Aug 4 | $75.60Nov 17 | $94.71 |
| P/E | 12.5× | 9.9× | 10.6× |
What this means: a lower P/E than at the high means you pay less for each dollar of profit than buyers did then.
How it’s computed
Banks, insurers and lenders: cash flow includes deposits and loans, so a cash-flow model doesn't fit; we show P/E at each point instead. P/E = that day's close × diluted shares / 12-month net income, using only the filings that were public on that day.
Valuation
What we estimate it's worth, and how it ranks on value vs every stock we cover.
Fair value estimate
How the range is computed
Financials model (residual income). Same residual-income model as the base: cost of equity 9.5% ±1 point and return on equity 17.2% ±2 points. Bear = 10.5% and 15.2%; bull = 8.5% and 19.2%. A model estimate from public filings, not a forecast of where the price will go.
Price is below even the bear case.
What the price implies To be worth today’s price, AX would need a return on equity of about 13% a year; our estimate uses 17%.
Risk vs market
How risk vs market is measured
One year of daily returns (Oct 31 to Nov 2, 252 sessions). Beta = how much AX moved for each 1% move in the S&P 500 (SPY); 1.0 moves with the market. Volatility is the yearly standard deviation of daily returns. Past behavior, not a forecast.
Moves a bit less than the market, and its own price swings are 2.3× the S&P 500’s.
- Beta vs S&P 500
- 0.81
- Volatility
- 30% vs 13% SPY
- Correlation SPY
- 0.35
- Correlation QQQ
- 0.17
How it ranks
Where AX stands vs every one of the 1,996 stocks we cover that has the number. Longer bar = better.
Top quarter on 2 of 3 measures
- Discount to fair value estimate63% · price below our base caseTop 18%of 1,314
- Dividends + buybacks yield0.5% · cash paid out or used to retire shares, vs market capLowest 25%of 1,836
- Revenue growth, last 12 months+23% · vs the 12 months beforeTop 22%of 1,814
From SEC filings and our fair value estimate model. A ranking, not advice.
Valuation details
DCF $154.30
Financials model (residual income): book value $57.96 a share on Sep 30, 2026, plus the earnings above a 9.5% cost of equity. ROE 17.2%, the average of 16.7% for the trailing 12 months to Sep 30, 2026 and 17.7% over fiscal 2022–2026, on average common equity; payout 0% of earnings (dividends 0%), so book grows by the retained rest; the return above 9.5% fades halfway toward 9.5% over 10 years, then grows at 3% (terminal value). From the 10-Q filed Oct 29, 2026.
Fundamentals
The business itself: sales, profits, cash and debt, from SEC filings.
Bull vs bear
Rule-based from the data on this page, strongest first. Not advice.
Top bullish points 5 of 5
ValuationOur residual-income fair value estimate is $154.30, 63% above the price.
GrowthSales grew 23% to $1.6B over the last 12 months vs the 12 months before (SEC filings).
GrowthSales compounded 18% a year from FY2023 to FY2026.
ProfitabilityReturn on equity of 17% over the last 12 months.
ProfitabilityNet margin of 33%, above the 22% median for the 281 Finance companies we cover.
Top bearish points 2 of 5
Cash returnsShare count up 0.4% over 12 months, above the −1.7% median for the 249 Finance companies we cover.
GrowthDiluted EPS grew 14% in the last fiscal year, below the 16% median for the 262 Finance companies we cover.
All fundamentals
P/E 10.6 · ROE 17% · Sales +23%
Valuation
- P/E
- 10.6×Finance median 13.6×
- Price / FCF
- n/acash flow isn't a clean measure for a bank
- FCF yield
- n/acash flow isn't a clean measure for a bank
- EV / EBITDA
- n/anot meaningful for a bank
- Price / sales
- 3.46×
- Price / book
- 1.63×
- Market cap
- $5.4Bprice × diluted shares
- Enterprise value
- n/anot reported in its SEC filings
Growth
- Revenue, 12 months
- $1.6Bnet interest income + noninterest income
- Sales growth, 12 months
- +23.0%vs the 12 months before
- Sales growth, 3 yrs
- +17.9%/yrfrom FY2023
- Diluted EPS, 12 months
- $8.79
- EPS growth, last FY
- +14.1%
- Net income, 12 months
- $508M
- Net income growth
- +17%12 months vs before
Profitability
- Gross margin
- n/anot meaningful for a bank
- Operating margin
- n/anot reported in its SEC filings
- Net margin
- 32.7%
- FCF margin
- 26.9%
- Return on equity
- 17%
- Return on invested capital
- n/anot meaningful for a bank
Balance sheet
- Cash & short-term inv.
- $1.6B
- Total debt
- n/anot reported in its SEC filings
- Net cash
- n/anot meaningful for a bank
- Debt / equity
- n/adeposits/float make debt/equity not comparable for a bank
- Interest coverage
- n/anot meaningful for a bank
Cash flow & returns
- Free cash flow, 12 months
- $417M
- FCF growth, 12 months
- −15%
- Dividend yield
- 0%
- Payout ratio
- n/anot reported in its SEC filings
- Buybacks, 12 months
- $26M0.5% of market cap
- Share count, 1 year
- +0.4%diluted shares vs a year ago
- Stock-based comp
- $45M
Trailing 12 months to Sep 30, 2026; balance sheet at Sep 30, 2026. From Axos Financial’s SEC filings. Sparklines show up to six fiscal years. n/a means we don’t hold that number, with the reason. How each is computed.
The business
FCF $0.4B · Sales +21%
- Free cash flow, 12 months$0.4B
- Free-cash-flow yield7.8%
- Return on equity17%
- Sales growth (latest quarter vs year-ago quarter)+21%
Chart & levels
Where the price is vs its key levels and trends.
Key levels
Every level vs today’s $94.71
- 52-wk lowlowest close, 1 year$75.60−20.2%
- PriceMon Nov 2 close$94.71you are here
- 52-wk highhighest close, 1 year$105.10+11.0%
- Fair value est.base case$154.30+62.9%
Momentum & 52-week range
RSI 62 · 5 days +3.2%
Signals
Reversal signal setups, the public ledger and the next earnings date.
Setup & signals
No setup armed
No setup armed, so there’s no trigger or stop to track yet. Reversal signal rules only run on companies that pass our quality screen.
AX is outside our quality screen
One text when a published rule fires on one of the 332 quality companies we track: the ticker, the price, the stop and a link to the numbers. Nothing else.
Voices & buzz
Who is talking about it, and how it compares with peers.
Who’s talking about it
Notable investors, executives, analysts and public figures on Axos Financial in the last 48 hours. Headlines as published, each linked. Their words, not ours.
No notable mentions in the last 48 hours. Checked Nov 3, 1:01 PM ET.
Compare with peers
Closest in size in Savings Institutions
Information only, not investment advice. Fair value estimates and talking points are rule-based model output from public data and can be wrong; stop levels are reference points, not orders. How every number is computed.