AJX - Great Ajax Corp Stock Price, Fair Value and News

3.78USD+0.04 (+1.07%)Market Closed

Market Summary

USD3.78+0.04

Market Closed

1.07%

AJX Stock Price

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AJX RSI Chart

AJX Valuation

Market Cap

103.8M

Price/Earnings (Trailing)

-2.21

Price/Sales (Trailing)

1.44

EV/EBITDA

-4.59

Price/Free Cashflow

-2.23

AJX Price/Sales (Trailing)

AJX Profitability

EBT Margin

-64.58%

Return on Equity

-15.23%

Return on Assets

-3.52%

Free Cashflow Yield

-44.76%

AJX Fundamentals

AJX Revenue

Revenue (TTM)

72.3M

Rev. Growth (Yr)

-4.29%

Rev. Growth (Qtr)

-1.24%

AJX Earnings

Earnings (TTM)

-47.0M

Earnings Growth (Yr)

-257.44%

Earnings Growth (Qtr)

-309.17%

Breaking Down AJX Revenue

Last 7 days

-0.8%

Last 30 days

5.3%

Last 90 days

-28.3%

Trailing 12 Months

-43.6%

How does AJX drawdown profile look like?

AJX Financial Health

Debt/Equity

0.34

Debt/Cashflow

-0.45

AJX Investor Care

Dividend Yield

20.11%

Dividend/Share (TTM)

0.76

Shares Dilution (1Y)

18.71%

Diluted EPS (TTM)

-1.96

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2023	77.8M	75.3M	73.1M	72.3M
2022	92.6M	90.4M	87.4M	82.6M
2021	95.5M	95.4M	94.9M	93.4M
2020	109.9M	104.9M	100.7M	98.3M
2019	109.2M	110.3M	111.4M	112.4M
2018	0	0	0	108.2M
2017	0	0	0	91.4M

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of Great Ajax Corp

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 13, 2024	friedman paul m	acquired	29,999	4.87	6,160	-
May 08, 2023	friedman paul m	acquired	17,498	6.72	2,604	-
May 08, 2023	ogren john kirk jr	acquired	17,498	6.72	2,604	-
May 08, 2023	handley jonathan bradford jr	acquired	17,498	6.72	2,604	-
May 08, 2023	haggerty mary	acquired	17,498	6.72	2,604	-
May 08, 2023	condas john c	acquired	17,498	6.72	2,604	-
Mar 09, 2023	haggerty mary	acquired	53,249	7.48304	7,116	-
Mar 09, 2023	handley jonathan bradford jr	acquired	53,249	7.48304	7,116	-
Mar 09, 2023	condas john c	acquired	53,249	7.48304	7,116	-
Mar 09, 2023	ogren john kirk jr	acquired	53,249	7.48304	7,116	-

Which funds bought or sold AJX recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 11, 2024	&PARTNERS	reduced	-1.91	-167,799	397,769	0.06%
Mar 15, 2024	B. Riley Wealth Advisors, Inc.	added	6.14	37,399	497,408	0.01%
Mar 11, 2024	VANGUARD GROUP INC	added	1.7	-1,138,970	5,846,750	-%
Mar 01, 2024	GOLDMAN SACHS GROUP INC	reduced	-90.7	-1,451,040	120,258	-%
Feb 16, 2024	GSA CAPITAL PARTNERS LLP	sold off	-100	-76,000	-	-%
Feb 16, 2024	PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO	new	-	27,030	27,030	-%
Feb 16, 2024	HARBOUR INVESTMENTS, INC.	unchanged	-	-1,255	5,835	-%
Feb 15, 2024	JANE STREET GROUP, LLC	added	464	449,758	573,116	-%
Feb 15, 2024	BARCLAYS PLC	added	310	124,000	176,000	-%
Feb 14, 2024	BNP PARIBAS FINANCIAL MARKETS	new	-	19,721	19,721	-%

Are Funds Buying or Selling AJX?

Are funds buying AJX calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own AJX

No. of Funds

Unveiling Great Ajax Corp's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Mar 11, 2024	magnetar financial llc	21.0%	7,750,969	SC 13G/A
Feb 14, 2024	almitas capital llc	9.98%	2,740,488	SC 13G/A
Feb 09, 2024	fmr llc	-	0	SC 13G/A
Feb 09, 2024	beach point capital management lp	8.3%	2,273,799	SC 13G
Feb 09, 2024	beach point capital management lp	11.0%	3,015,355	SC 13G/A
Feb 08, 2024	bay pond partners, l.p.	8.87%	2,448,555	SC 13G/A
Feb 08, 2024	wellington management group llp	13.34%	3,695,499	SC 13G/A
Feb 08, 2024	ithan creek master investors (cayman), l.p.	2.58%	710,641	SC 13G/A
Jan 17, 2024	ellington management group llc	6.07%	0	SC 13G/A
Dec 06, 2023	blackrock inc.	4.6%	1,264,636	SC 13G/A

Recent SEC filings of Great Ajax Corp

View All Filings

Date Filed	Form Type	Document
Apr 10, 2024	8-K	Current Report
Apr 10, 2024	ARS	ARS
Apr 10, 2024	DEF 14A	DEF 14A
Apr 10, 2024	DEFA14A	DEFA14A
Mar 26, 2024	PRE 14A	PRE 14A
Mar 18, 2024	4	Insider Trading
Mar 15, 2024	424B5	Prospectus Filed
Mar 15, 2024	8-K	Current Report
Mar 11, 2024	SC 13G/A	Major Ownership Report
Feb 28, 2024	10-K	Annual Report

Peers (Alternatives to Great Ajax Corp)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
AMT	83.1B	11.1B	-9.66%	-13.83%	60.81	7.46	4.04%	-19.43%
CCI	41.5B	7.0B	-9.60%	-26.03%	27.65	5.95	-0.07%	-10.36%
AVB	25.7B	2.8B	-1.70%	6.38%	27.64	9.27	6.73%	-18.30%
ARE	20.5B	2.9B	-3.74%	0.55%	197.59	7.1	11.46%	-80.13%
AMH	12.7B	1.6B	-3.36%	8.14%	29.37	7.9	7.80%	39.39%
REG	10.7B	1.3B	-1.98%	-2.93%	29.32	8.08	8.04%	-24.50%
BXP	9.2B	3.3B	-6.31%	15.09%	48.4	2.81	5.31%	-77.32%
MID-CAP
FRT	8.1B	1.1B	-1.05%	1.77%	34.35	7.19	5.38%	-38.52%
MAC	3.4B	884.1M	-1.05%	66.77%	-12.56	3.89	2.90%	-314.82%
SLG	3.2B	899.4M	-1.62%	125.91%	-5.7	3.58	-0.45%	-623.11%
SMALL-CAP
AAT	1.3B	441.2M	-2.88%	17.82%	19.35	2.84	4.38%	15.77%
AIV	1.2B	198.2M	7.12%	4.87%	-7.34	5.82	-43.33%	-270.70%
MFA	1.1B	605.6M	-7.57%	5.74%	13.37	1.77	25.53%	134.62%
NYMT	627.7M	258.7M	-4.58%	-31.06%	-12.9	2.43	0.11%	83.70%
IVR	399.8M	277.9M	-10.13%	-19.51%	-25.21	1.44	44.33%	96.06%

Great Ajax Corp News

Latest updates

Great Ajax Corp Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	-1.2%	17,657	17,879	18,340	18,456	18,449	20,021	20,900	23,212	23,246	23,054	23,048	24,035	24,760	23,517	23,171	26,888	27,113	27,723	28,128	29,452	-
Costs and Expenses	-5.4%	6,292	6,654	8,867	7,858	7,426	8,842	9,759	9,366	9,661	8,205	8,396	8,179	7,927	7,613	7,389	6,452	6,362	7,066	6,857	6,992	-
Operating Expenses	-	-	-	-	-	-	-16.00	-33.00	185	131	-76.00	88.00	185	209	173	188	912	796	1,216	887	786	-
EBITDA Margin	-107.8%	-0.47*	-0.22*	-0.16*	0.04*	0.33*	0.60*	0.84*	1.02*	1.06*	1.09*	1.04*	0.97*	-	-	-	-	-	-	-	-	-
Interest Expenses	4.3%	3,173	3,041	3,301	3,531	3,967	8,652	11,725	14,606	14,247	14,445	14,218	13,731	13,923	11,790	10,113	13,818	13,229	13,406	12,689	13,767	-
Income Taxes	126.0%	26.00	-100	181	93.00	212	2,370	300	-26.00	100	100	67.00	34.00	167	-16.00	120	-300	6.00	27.00	38.00	71.00	-
Earnings Before Taxes	-301.4%	-22,545	-5,617	-11,281	-7,271	-6,051	-7,133	-4,522	5,605	9,309	10,795	11,286	10,678	14,492	8,876	8,938	1,177	7,107	8,250	13,664	8,192	7,269
EBT Margin	-56.3%	-0.65*	-0.41*	-0.42*	-0.32*	-0.15*	0.04*	0.23*	0.40*	0.45*	0.50*	0.48*	0.45*	-	-	-	-	-	-	-	-	-
Net Income	-309.2%	-22,676	-5,542	-11,462	-7,364	-6,344	-9,461	-4,781	5,631	9,047	11,262	11,170	10,642	11,868	7,230	8,818	1,496	6,657	7,691	13,626	8,121	6,596
Net Income Margin	-54.9%	-0.65*	-0.42*	-0.46*	-0.36*	-0.18*	0.00*	0.23*	0.40*	0.45*	0.47*	0.43*	0.40*	-	-	-	-	-	-	-	-	-
Free Cashflow	-Infinity%	-12,810	-	-6,831	-16,805	-2,900	1,278	13,269	-11,343	-3,489	-	-	-	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																		(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2018Q4
Assets	-2.8%	1,336	1,375	1,406	1,440	1,484	1,527	1,585	1,686	1,760	1,648	1,676	1,687	1,654	1,667	1,640	1,538	1,577	1,603
Cash Equivalents	-17.3%	53.00	64.00	40.00	49.00	48.00	73.00	52.00	71.00	84.00	95.00	88.00	138	107	135	163	31.00	64.00	55.00
Liabilities	-2.5%	1,025	1,052	1,089	1,107	1,147	1,175	1,149	1,198	1,259	1,145	1,179	1,177	1,139	1,161	1,141	1,181	1,193	1,269
Long Term Debt	0%	104	104	104	104	104	104	104	104	103	104	103	108	110	110	112	111	119	118
Shareholder's Equity	-3.5%	309	320	317	333	335	351	436	487	500	503	497	510	514	506	499	357	384	334
Retained Earnings	-93.1%	-54.38	-28.16	-17.28	-0.54	13.00	26.00	49.00	64.00	66.00	67.00	63.00	57.00	53.00	46.00	45.00	43.00	49.00	41.00
Additional Paid-In Capital	3.3%	352	341	326	325	322	317	317	316	316	316	315	315	317	317	317	317	309	260
Shares Outstanding	6.4%	27.00	26.00	24.00	24.00	23.00	23.00	23.00	23.00	23.00	23.00	23.00	23.00	-	-	-	-	-	-
Minority Interest	-7.3%	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	3.00	3.00	4.00	22.00	29.00	27.00	26.00	25.00	24.00	33.00
Float	-	-	-	140	-	-	-	206	-	-	-	281	-	-	-	197	-	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	-27.9%	-12,810	-10,018	-6,831	-16,805	-2,900	1,555	13,546	-11,066	-3,212	7,900	-13,550	-9,374	-8,002	4,177	20,177	-30,409	-4,019	-1,028	-4,907	-5,044	-
Cashflow From Investing	-59.1%	24,562	60,000	24,752	63,506	12,415	80,832	60,819	69,024	-105,050	43,926	-11,938	22,863	10,018	-42,836	45,968	11,015	-7,783	-4,578	118,121	-5,593	-
Cashflow From Financing	13.5%	-22,828	-26,388	-27,002	-45,149	-34,566	-61,063	-93,515	-71,662	97,311	-44,581	-23,957	16,941	-30,228	10,426	66,269	-13,771	18,239	7,782	-99,029	-2,968	-
Dividend Payments	-	-	-	-	-	-	-	-	-	-	6,806	6,326	5,799	5,878	5,873	5,748	-	6,860	6,343	6,098	7,021	-
Buy Backs	-	-	-	-	-	-	64,180	24,604	-	16.00	-	-	-	-	-	-	-	-	-	-	-	-

AJX Income Statement

2023-12-31

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
INCOME
Interest income	$ 72,332	$ 82,582	$ 93,383
Interest expense	(59,286)	(43,632)	(36,742)
Net interest income	13,046	38,950	56,641
Net (increase)/decrease in the net present value of expected credit losses	(8,137)	8,026	18,223
Net interest income after the impact of changes in the net present value of expected credit losses	4,909	46,976	74,864
(Loss)/income from investment in affiliates, net	(1,308)	(1,218)	699
Loss on joint venture refinancing on beneficial interests	(11,024)	(6,115)	0
Other (loss)/income	(9,651)	(4,007)	2,385
Total (loss)/revenue, net	(17,074)	35,636	77,948
EXPENSE
Related party expense – loan servicing fees	7,269	7,960	7,433
Related party expense – management fee	7,769	8,326	9,116
Professional fees	3,157	2,052	2,940
Fair value adjustment on put option liability	4,491	11,143	9,462
Other expense	6,985	5,912	5,490
Total expense	29,671	35,393	34,441
Acceleration of put option settlement	0	12,344	0
(Gain)/loss on debt extinguishment	(31)	0	1,439
(Loss)/income before provision for income taxes	(46,714)	(12,101)	42,068
Provision for income taxes	243	2,835	293
Consolidated net (loss)/income	(46,957)	(14,936)	41,775
Less: consolidated net income/(loss) attributable to the non-controlling interest	114	75	(80)
Consolidated net (loss)/income attributable to the Company	(47,071)	(15,011)	41,855
Less: dividends on preferred stock	2,190	5,474	7,798
Less: discount on retirement of preferred stock	0	8,194	0
Consolidated net (loss)/income attributable to common stockholders	$ (49,261)	$ (28,679)	$ 34,057
Basic earnings (loss) per common share (in dollars per share)	$ (2.01)	$ (1.24)	$ 1.48
Diluted earnings (loss) per common share (in dollars per share)	$ (2.01)	$ (1.24)	$ 1.41
Weighted average shares - basic (in shares)	24,286,999	22,747,635	22,852,948
Weighted average shares - diluted (in shares)	24,286,999	23,037,578	30,262,467

AJX Balance Sheet

2023-12-31

CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands

Dec. 31, 2023

Dec. 31, 2022

ASSETS

Cash and cash equivalents

$ 52,834

$ 47,845

Mortgage loans held-for-sale, net

55,718

Mortgage loans held-for-investment, net

^[1],[2]

864,551

989,084

Real estate owned properties, net

^[3]

3,785

6,333

Investments in securities held-to-maturity

^[4]

59,691

Investments in beneficial interests

^[5]

104,162

134,552

Receivable from servicer

7,307

7,450

Investment in affiliates

28,000

30,185

Prepaid expenses and other assets

28,685

11,915

Total assets

1,336,291

1,484,426

Liabilities:

Secured borrowings, net

^[2],[6]

411,212

467,205

Borrowings under repurchase transactions

375,745

445,855

Convertible senior notes, net

^[6]

103,516

104,256

Notes payable, net

^[6]

106,844

106,046

Management fee payable

1,998

1,720

Put option liability

16,644

12,153

Accrued expenses and other liabilities

9,437

9,726

Total liabilities

1,025,396

1,146,961

Commitments and contingencies – see Note 8

Equity:

Common stock $0.01 par value; 125,000,000 shares authorized, 27,460,161 issued and outstanding at December 31, 2023 and 23,130,956 shares issued and outstanding at December 31, 2022

285

241

Additional paid-in capital

352,060

322,439

Treasury stock

(9,557)

(9,532)

Retained (deficit)/earnings

(54,382)

13,275

Accumulated other comprehensive loss

(14,027)

(25,649)

Equity attributable to stockholders

308,933

335,328

Non-controlling interests

^[7]

1,962

2,137

Total equity

310,895

337,465

Total liabilities and equity

1,336,291

1,484,426

Investment in debt securities

ASSETS

Investments in securities available-for-sale

^[8]

131,558

257,062

Series A Preferred Stock

Equity:

Preferred stock $0.01 par value; 25,000,000 shares authorized

9,411

Series B Preferred Stock

Equity:

Preferred stock $0.01 par value; 25,000,000 shares authorized

$ 25,143

[1]	As of December 31, 2023 and 2022, balances for Mortgage loans held-for-investment, net include $0.6 million and $0.9 million, respectively, from a 50.0% owned joint venture, which the Company consolidates under U.S. Generally Accepted Accounting Principles ("U.S. GAAP" or "GAAP").
[2]	Mortgage loans held-for-investment, net include $628.6 million and $675.8 million of loans at December 31, 2023 and 2022, respectively, transferred to securitization trusts that are variable interest entities (“VIEs”); these loans can only be used to settle obligations of the VIEs. Secured borrowings consist of notes issued by VIEs that can only be settled with the assets and cash flows of the VIEs. The creditors do not have recourse to the primary beneficiary (Great Ajax Corp.). See Note 9 — Debt. Mortgage loans held-for-investment, net include $3.4 million and $6.1 million of allowance for expected credit losses at December 31, 2023 and 2022, respectively. (2)As of December 31, 2023 and 2022, balances for Mortgage loans held-for-investment, net include $0.6 million and $0.9 million, respectively, from a 50.0% owned joint venture, which the Company consolidates under U.S. Generally Accepted Accounting Principles ("U.S. GAAP" or "GAAP").
[3]	Real estate owned properties, net, are presented net of valuation allowances of $1.2 million and $0.7 million at December 31, 2023 and 2022, respectively.
[4]	On January 1, 2023, the Company transferred certain of its investments in securities to held-to-maturity ("HTM") due to European risk retention regulations. As of December 31, 2023, Investments in securities HTM includes an allowance for expected credit losses of zero and remaining discount of $6.0 million related to the unamortized unrealized loss in AOCI.
[5]	Investments in beneficial interests includes allowance for expected credit losses of $6.9 million and zero at December 31, 2023 and 2022, respectively.
[6]	Secured borrowings, net are presented net of deferred issuance costs of $3.1 million at December 31, 2023 and $4.7 million at December 31, 2022. Convertible senior notes, net are presented net of deferred issuance costs of zero and $0.3 million at December 31, 2023 and 2022, respectively. Notes payable, net are presented net of deferred issuance costs and discount of $3.2 million at December 31, 2023 and $4.0 million at December 31, 2022.
[7]	As of December 31, 2023, non-controlling interests includes $0.8 million from a 50.0% owned joint venture, $1.0 million from a 53.1% owned subsidiary and $0.1 million from a 99.9% owned subsidiary which the Company consolidates. As of December 31, 2022, non-controlling interests includes $1.0 million from a 50.0% owned joint venture, $1.1 million from a 53.1% owned subsidiary and $0.1 million from a 99.9% owned subsidiary which the Company consolidates.
[8]	Investments in securities available-for-sale (“AFS”) are presented at fair value. As of December 31, 2023, Investments in securities AFS include an amortized cost basis of $139.6 million and a net unrealized loss of $8.0 million. As of December 31, 2022, Investments in securities AFS include an amortized cost basis of $282.7 million and net unrealized loss of $25.6 million.

About Great Ajax Corp

Great Ajax Corp. operates as a mortgage real estate investment trust. It acquires re-performing and non-performing loans; acquires or originates small balance commercial mortgage loans that are secured by multi-family residential and commercial mixed use retail/residential properties; and invests in single-family and smaller commercial properties. The company elected to be taxed as a real estate investment trust for U.S. federal income tax purposes. It generally would not be subject to federal corporate income taxes, if it distributes at least 90% of its taxable income to its stockholders. Great Ajax Corp. was incorporated in 2014 and is based in Tigard, Oregon.

CEO	Mr. Lawrence A. Mendelsohn
WEBSITE	greatajax.com
INDUSTRY	REIT Mortgage

Great Ajax Corp Frequently Asked Questions

What is the ticker symbol for Great Ajax Corp? What does AJX stand for in stocks?

AJX is the stock ticker symbol of Great Ajax Corp. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Great Ajax Corp (AJX)?

As of Mon Apr 15 2024, market cap of Great Ajax Corp is 103.8 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of AJX stock?

You can check AJX's fair value in chart for subscribers.

What is the fair value of AJX stock?

You can check AJX's fair value in chart for subscribers. The fair value of Great Ajax Corp is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Great Ajax Corp is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for AJX so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Great Ajax Corp a good stock to buy?

The fair value guage provides a quick view whether AJX is over valued or under valued. Whether Great Ajax Corp is cheap or expensive depends on the assumptions which impact Great Ajax Corp's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for AJX.

What is Great Ajax Corp's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Mon Apr 15 2024, AJX's PE ratio (Price to Earnings) is -2.21 and Price to Sales (PS) ratio is 1.44. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. AJX PE ratio will change depending on the future growth rate expectations of investors.