AXIS Capital Holdings Limited (AXS) — Fundamental Analysis & Key Financial Ratios

Kaplio overview: AXIS Capital Holdings Limited

Market cap $7B · 52 weeks $88 – $119 (15 % below the high) · P/E 6.4× · 2027 expected P/E 7.6× · Dividend 1.7 % · 5 years rising · Next earnings January 27, 2027 · expected EPS $3.15 · Closing price, Oct 28 · accounts published Oct 28.

• Valuation: P/B 1.2× (justified).
• Business: 5-year op. margin 11.9 % (solid).
• Balance sheet: Debt/Equity 0.02 (solid).
• Earnings: 7 of 8 (on track).

What would it be worth at its usual multiples?

At a P/B justified by its ROE del 15,8 % (2.0×) $172 (+69 %); at its peers' median (1.0×) $85 (-16 %). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.

What matters in insurance: 3 of 5 pass

• Book Value / Share growth 5.3 %, fails.
• Dividend growth streak 5 años, fails.
• Op Margin 5y (Combined Ratio proxy) 11.9 %, passes.
• Debt / Equity 0.02, passes.
• P/B (Price / Book) 1.2×, passes.

Against its peers (reference peers) — AXIS Capital Holdings Limited: P/E 6.5×; P/B 1.2×; ROE 15.8 %; $7.4B. White Mountains Insurance Group, Ltd. (P/E 5.0×; P/B 1.0×; ROE 21.3 %; $5.3B), Pelagos Insurance Capital Limit (P/E 6.3×; P/B 1.0×; ROE 17.2 %; $2.1B), The Hartford Insurance Group, Inc. (P/E 8.0×; P/B 1.9×; ROE 24.1 %; $34.8B).

Expensive or cheap against its last ten fiscal years?

Precio / valor contable at each close: today 1.2× · median 0.9× · minimum 0.5× · maximum 1.6× · cheap below 0.9× · expensive above 1.2×. It has been cheaper than today 81% of the time over its last ten fiscal years.

Dividend

solid · Yield 1.7 % ($2.21 per ADS in 2025) · Years raising it 5 · 5-year growth +2 % a year · Free cash flow coverage payout 17 % · With $1,000 invested today you'd collect $17.30 a year ($1.44 a month).