As of 2025-05-16, the Fair Value of AXA SA (CS.PA) is 86.49 EUR. This value is based on the Peter Lynch's Fair Value formula. With the current market price of 40.76 EUR, the upside of AXA SA is 112.2%.

Is CS.PA a good investment?

With the market price of 40.76 EUR and our fair value calculation, AXA SA (CS.PA) is a good investment. Investing in CS.PA stocks now will result in a potential gain of 112.2%.

40.76 EUR

Stock Price

86.49 EUR

Fair Price

FAIR VALUE CALCULATION

CS.PA Fair Value

Peter Lynch's formula is:

CS.PA Fair Value

= Earnings Growth Rate x TTM EPS

CS.PA Fair Value

= 24.3 x 3.56

CS.PA Fair Value

= 86.49

The earnings growth rate we use in the formula is the average growth rate of net income/earnings over the last 5 years. If the average growth rate is smaller than 5%, we set it to 5%. If it is larger than 25%, we set it to 25%. If the TTM EPS is negative, Peter Lynch Fair Value's result can be unreliable.

	Historical Earnings

	12-2020	12-2021	12-2022	12-2023	12-2024	5Y Avg
Net income	3,164	7,293	6,675	7,189	7,886	6,441
YoY growth	-17.9%	130.5%	-8.5%	7.7%	9.7%	24.3%

CS.PA Fair Value - Peers Benchmarking

	Market Cap (mil)	EPS	Fair Value	Upside
a
AXA SA	90,286	3.6	86.49	112.2%
Talanx AG	28,741	7.7	191.4	72%
UNIQA Insurance Group AG	3,411	1.1	28.13	154.8%
FBD Holdings PLC	532	1.6	40.89	215.7%
Sjova-Almennar tryggingar hf	54,128	3.7	82.04	75.3%
Helios Underwriting PLC	160	24.9	623.06	176.9%
Net Insurance SpA	158	0.8	19.48	105.5%
Turkiye Sigorta AS	5,633	7.8	38.98	703.8%
DFV Deutsche Familienversicherung AG	96	0.4	10.01	51.6%
Ray Sigorta AS	1,402	12	60.18	340.9%

CS.PA Fair Value - Key Data

Market Cap (mil)	90,286
P/E	11.4x
Forward P/E	10.7x

EPS	3.56
Avg earnings growth rate	24.3%
TTM earnings	7,886

CS.PA Fair Value - Formula's Origin

Peter Lynch is one of the most legendary investors/fund managers of all time. His philosophy for stock investing is very simple and straightforward: he invests in stocks that are undervalued, meaning its P/E is less than or equal to its earnings growth rate. He believes that if a stock is trading at its fair value, the PEG ratio, which was also invented by him, should be 1.

Therefore, his formula to determine a company's fair value is:

Peter Lynch Fair Value = Earnings Growth Rate * EPS * PEG

PEG is set to 1 so we can ignore it in the calculation. Based on the formula, if the earnings growth rate of a company is 15%, Peter Lynch is willing to buy its share up to P/E = 15.