Stocktoria

AXA SA CS.PA

FR · Euronext Paris · XPAR · stock · Financial Services · website

AXA SA statistics & valuation

Market cap€93.3B
P / E9.5×
P / S0.9×
P / B2.0×
P / FCF4.3×
Net margin9.2%
FCF margin20.7%
Net debt€38.2B
Enterprise value USD$151.9B
Graham number +10.2%€49.19

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (€49.19); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
6.20% 7.40% 7.60% 9.20% 2022202320242025
Gross margin (%)
2022202320242025
Operating margin (%)
2022202320242025
Return on equity (%)
11.00% 14.50% 15.80% 20.80% 2022202320242025
Shares outstanding
2.09B 2.09B 2.09B 2.09B 2022202320242025
Net debt (€)
€37.49B €34.49B €43.46B €38.24B 2022202320242025
Share buybacks (€)
€3.99B €2.15B €4.75B €7.32B 2022202320242025
Return on assets (%)
0.80% 1.10% 1.20% 1.50% 2022202320242025
Free cash flow margin (%)
10.20% 3.60% 11.60% 20.70% 2022202320242025
Debt / equity (×)
1.38× 1.21× 1.25× 1.28× 2022202320242025
EPS (€)
€2.12 €3.31 €3.63 €4.77 2022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

AXA SA trades at about 9.4× earnings — near its 10-year norm (10-year range 8.1×–13.5×, median 10.1×).

8.1× 13.5×

Shaded band = 10-year range (8.1×–13.5×); dot = today's 9.4×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022
Net margin9.2%7.6%7.4%6.2%
FCF margin20.7%11.6%3.6%10.2%
Return on assets1.5%1.2%1.1%0.8%
Return on equity20.8%15.8%14.5%11.0%
Debt / equity1.28×1.25×1.21×1.34×

Computed from company filings · FR · as of 2025-12-31. Figures in EUR. Facts plus Stocktoria's own computed scores — not investment advice.