AXIS Capital Holdings stock: fair value
AXSThe fair value of AXIS Capital Holdings under our model is $204.47, the price is 47% below.
The fair value is an estimate from our model, not a price target.
Daily figure as of 12 Nov 2026
Valuation signal
Significantly undervaluedIn our model the price counts as cheap below $170.40 and expensive above $255.59 (uncertainty low, based on the price swings of the past year).
The two parts of the fair value come to $199.18 (excess return model) and $209.77 (industry comparison), and the gap between them shows how uncertain the estimate is. The price is below both.
Calculated with a cost of equity of 8.8%. At 9.8% the fair value would be $187.88, at 7.8% it would be $229.37.
Where the number comes from
Half from the excess return model, half from earnings times the industry P/E (13.9).
Excess return model for banks and insurers: book value plus the value of returns above the cost of equity of 8.8% (floor: government bond yield 3.8% plus 5 percentage points, since beta 0.87 times the risk premium would give less).
Calculate with your own assumptionsThe calculation step by step
With these figures the excess return model arrives at $199.18 per share: book value plus the value of what the company earns above its cost of equity over time. The table explains the calculation; it is not a recommendation.
Calculation as a table
| Step | Value |
|---|---|
| Book value per share | $85.86 |
| Stable earnings per share (analyst estimates) | $13.25 |
| Return on equity in the model (stable earnings divided by book value) | 15.4% |
| Cost of equity | 8.8% |
| Excess return per share: (return − cost) × book value | $5.67 |
| Terminal value of excess returns: excess return / (8.8% − 3.8%) | $113.33 |
| Value per share (book value plus terminal value) | $199.18 |
| Earnings per share, last twelve months | $15.08 |
| × 13.9 (industry P/E) | $209.77 |
| Fair value (average of both parts) | $204.47 |
Data status and sources
- Score
- Daily value of 12 Nov 2026, recalculated nightly
- Price
- Closing price of 11 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong, published since 7 Nov 2026 (in the score history since 30 Oct 2026)
- Valuation signal Undervalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.