AXA Valuation Multiples

AXA Overview

About AXA

AXA’s origins date back to Ancienne Mutuelle, which was one of the few insurers that remained after the creation of the French social security system. With the threat of nationalization, a merger took place between Drouot and AXA (still known as Mutuelles Unies in 1982) and later Présence. Ten years later, AXA acquired North American life insurer Equitable Holdings. This was a time of expansion as AXA also bought the French insurer UAP. As markets crashed at the turn of the millennium, AXA decided to refocus its business and exited its stake in US investment bank Donaldson, Lufkin & Jenrette. A few years later the firm expanded again with the acquisition of Swiss insurer Winterthur. About five years ago, AXA started to reshape its portfolio to technical risks.

Founded

1957

HQ

Employees

112.4K

Website

axa.com

Sectors

Insurance Carriers

Financials (LTM)

Revenue: $124B

EBITDA: $13B

EV

$160B

Valuation Multiples

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AXA Financials

AXA reported last 12-month revenue of $124B and EBITDA of $13B.

In the same LTM period, AXA generated $13B in EBITDA and $11B in net income.

AXA P&L

In the most recent fiscal year, AXA reported revenue of $136B and EBITDA of $13B.

AXA expects next 12-month revenue of XXX and NTM EBITDA of XXX

AXA Stock Performance

AXA has current market cap of $98B, and enterprise value of $160B.

AXA's stock price is $46.91.

AXA Valuation Multiples

AXA trades at 1.3x EV/Revenue multiple, and 12.3x EV/EBITDA.

AXA Financial Valuation Multiples

As of April 2, 2026, AXA has market cap of $98B and EV of $160B.

Equity research analysts estimate AXA's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

AXA has a P/E ratio of 8.8x.

AXA Margins & Growth Rates

AXA's revenue in the last 12 month declined by (28%).

AXA's revenue per employee in the last FY averaged $1.2M.

AXA's rule of 40 is (13%) (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

AXA's rule of X is (55%) (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

AXA Public Comps

See public comps and valuation multiples for other Insurance Carriers comps.

AXA M&A Activity

AXA acquired XXX companies to date.

Last acquisition by AXA was on XXXXXXXX, XXXXX. AXA acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

AXA Investment Activity

AXA invested in XXX companies to date.

AXA made its latest investment on XXXXXXXX, XXXXX. AXA invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).