Is AXIS Capital Holdings Ltd. overvalued or undervalued?

As of 11 September 2025, the valuation grade for AXIS Capital Holdings Ltd. moved from attractive to fair, indicating a shift in its perceived value. The company appears to be fairly valued, with a P/E ratio of 20, a Price to Book Value of 3.09, and a PEG Ratio of 0.42. In comparison to peers, CNA Financial Corp. has a P/E of 14.82, while Unum Group is valued attractively with a P/E of 13.25, suggesting that AXIS Capital is positioned in the mid-range among its competitors.
In terms of stock performance, AXIS Capital has delivered a 21.36% return over the past year, outperforming the S&P 500's 17.14% return, which reinforces its competitive standing despite the recent downgrade in valuation grade.