What is Axos Financial, Inc. worth?
With the base-case assumptions below, a discounted cash flow model on Axos Financial, Inc.'s reported free cash flow gives $198.62 per share. The share price was $92.17 on November 10, 2026, 54% below that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | 10.0% | 10.0% | $131.99 | +43% |
| Base | 15.0% | 9.0% | $198.62 | +115% |
| Bull | 20.0% | 8.0% | $322.67 | +250% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $249.06 | $264.78 | $284.01 | $308.04 | $338.93 |
| 8.0% | $211.16 | $221.36 | $233.42 | $247.88 | $265.56 |
| 9.0% | $183.60 | $190.57 | $198.62 | $208.00 | $219.10 |
| 10.0% | $162.69 | $167.65 | $173.27 | $179.69 | $187.10 |
| 11.0% | $146.33 | $149.97 | $154.03 | $158.60 | $163.78 |
Where the presets come from
Base: years 1 to 5 grow at Axos Financial, Inc.'s revenue growth rate over the last 5 fiscal years (21.0% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.
Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.
Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.
This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.
Adjust the assumptions
Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.
Adjust the assumptions