AXA SA

€44.68As of Sun 8 Nov 2026, 12:00 UTC

EPA:CSFinancials

Country France

PE (Fwd) •••

TSR 10Y CAGR 14.20%

Div yield 5.19%

ROE 14.88%

Insurance (Diversified)

Beta (5Y) 0.58

PE TTM 9.333

TSR TTM 25.85%

Mkt cap €90.40B

Combined —

SE Grade™

Value

Quality

Moat

Consensus

Reference

€43

(3.17%)

(66.75%)

Hold 10|11|6|10|1

TTM

FYE 31 Dec EUR

FY2016

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026E

Trend

10Y

Peers

8.128

Revenue€B

15.46

15.26

15.14

15.60

15.98

16.12

16.00

15.76

15.84

15.81

8.628

(0.22%)

0.48%

25.73

Revenue growth%

12.67

13.37

11.58

8.70

8.78

9.51

8.87

7.57

8.92

8.91

8.92

12.54

Combined R.%

87.87

87.63

85.95

88.35

88.63

87.89

88.57

87.27

87.07

88.07

3.69

87.89

87.88

22.01

Operating margin%

22.77

22.73

24.13

25.18

25.75

25.86

25.54

26.71

24.55

25.93

29.73

25.86

25.36

24.73

Net margin%

12.63

14.83

12.00

12.09

13.01

11.85

13.49

12.96

15.07

16.47

8.17

13.49

12.98

8.402

P/E ratio (avg)x

13.78

13.46

14.08

16.00

16.87

17.46

20.33

20.91

21.09

25.52

7.518

20.91

17.16

33.17

P/TBVx

33.46

30.18

31.46

34.05

30.58

27.97

25.71

24.61

23.55

22.56

13.75

24.61

29.08

23.20

P/Bx

45.47

47.84

49.75

48.90

44.05

45.54

42.97

43.66

44.24

44.03

12.15

44.03

44.86

6.40

Prem. grth%

1.72

4.44

5.61

8.34

6.33

8.57

7.11

9.94

8.23

9.72

27.23

8.57

7.67

21.57

Invest. yld%

4.59

5.23

4.69

6.64

4.53

4.48

4.21

1.84

3.62

3.93

17.59

3.93

4.51

14.50

BVPS grth%

28.36

29.61

31.34

30.29

28.53

27.64

30.61

33.30

35.60

36.85

17.99

33.30

30.45

11.90

Return on equity%

17.64

14.96

13.79

14.05

14.67

16.41

18.10

19.81

20.72

23.33

11.36

19.81

17.02

20.77

Return on assets%

32.35

34.16

31.25

32.25

30.57

31.61

30.87

32.75

30.36

28.54

17.35

30.87

31.43

3.33

EPS€

2.61

2.69

2.68

2.60

2.88

3.15

3.04

3.09

2.97

3.53

3.40

4.13%

4.00%

—

22.13

EPS growth%

0.44

2.77

1.54

0.93

0.40

1.04

0.42

2.66

3.70

1.01

21.85

1.04

1.02

5.68

Bookvalue per sh€

6.68

6.89

6.65

7.16

8.26

9.28

9.87

10.52

11.73

11.51

5.52

6.85%

5.47%

—

1.57

TBV/sh€

5.02

5.04

5.23

5.02

5.07

5.23

5.80

6.16

6.21

5.82

1.67

2.81%

0.81%

—

2.24

Dividend per sh€

5.78

6.21

6.45

6.36

6.14

6.41

6.72

6.85

6.41

6.39

5.35

0.79%

0.71%

—

8.38

Div yield (avg)%

6.14

3.66

4.89

7.78

5.65

4.64

6.63

7.39

9.44

12.32

26.27

7.39

6.38

10.02

Payout ratio%

32.83

33.30

32.25

35.08

35.36

36.02

37.25

39.91

37.21

38.23

16.39

37.25

35.69

1.977

Shares (diluted)B

1.925

1.853

1.839

1.599

1.693

1.859

1.618

1.707

1.759

1.757

2.057

0.75%

(2.04%)

18.33

Buyback yield%

1.63

0.40

1.22

1.17

0.40

1.28

0.40

0.52

1.01

7.05

0.52

0.76

0.877

D/E ratiox

0.662

0.700

0.687

0.667

0.686

0.772

0.728

0.671

0.644

0.677

1.270

0.677

0.682

12.40

Assets€B

52.59

55.44

60.89

62.97

69.95

77.56

85.52

90.03

93.35

104.5

8.131

8.35%

7.98%

7.383

LT debt€B

10.06

10.94

12.51

14.24

16.12

16.52

16.50

18.84

17.76

20.42

11.42

4.85%

8.62%

Peers (US$101.5B)

Cap (US$)

BNP Paribas SA

113.1B

8.033x

Crédit Agricole S.A.

53.23B

7.671x

Société Générale…

51.83B

7.904x

Zurich Insurance Group…

116.9B

15.81x

Capital

TTM

10Y

Leveragex

0.980

0.266

0.179

EBIT/Intx

1.320

0.654

0.657

Own earn%

—

Sh yield%

26.72

7.91

7.78

Owners

Insiders/Inst%

0.78

66.29

Short interest%

3.75

SBC / revenue%

5.13

Record

10Y

Profitable years

10/10

Revenue growth years

10/10

EPS growth years

10/10

Dividend streakyrs

Op margin range%

23–27

$1 testx

—

Incr. ROIC%

—

AXA SA, through its subsidiaries, provides insurance, asset management and banking services worldwide, operating through France, Europe, AXA XL, Asia, Africa & EME-LATAM, and Transversal & Other segments. It offers life and savings, property and casualty, health, protection and retirement products, reinsurance, risk consulting, and travel assistance services to individual, professional, retail and commercial customers.

Growth vs revenue

Latest

Trend

10Y CAGR

Rel growth

Revenue

€15.81B

0.48%

1.00×

Claims and benefits

€8.355B

0.74%

1.03×

Total costs

€12.71B

0.57%

1.01×