P/E ratio for Great Ajax (AJX)
P/E ratio as of May 2024 (TTM): -2.01
According to Great Ajax's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -2.00538. At the end of 2022 the company had a P/E ratio of -5.75.
P/E ratio history for Great Ajax from 2015 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -5.75 | -164.27% |
| 2021 | 8.95 | -15.27% |
| 2020 | 10.6 | 25.56% |
| 2019 | 8.41 | 5.45% |
| 2018 | 7.98 | -8.19% |
| 2017 | 8.69 | 9.38% |
| 2016 | 7.95 | 9.49% |
| 2015 | 7.26 |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.