AKTS - Akoustis Technologies Inc Stock Price, Fair Value and News

0.56USD-0.04 (-6.67%)Market Closed

Market Summary

USD0.56-0.04

Market Closed

-6.67%

AKTS Stock Price

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AKTS RSI Chart

AKTS Valuation

Market Cap

59.2M

Price/Earnings (Trailing)

-0.86

Price/Sales (Trailing)

1.99

EV/EBITDA

-0.76

Price/Free Cashflow

-1.04

AKTS Price/Sales (Trailing)

AKTS Profitability

Operating Margin

-10.85%

EBT Margin

-240.80%

Return on Equity

-128.61%

Return on Assets

-61.81%

Free Cashflow Yield

-96.12%

AKTS Fundamentals

AKTS Revenue

Revenue (TTM)

29.7M

Rev. Growth (Yr)

19.64%

Rev. Growth (Qtr)

0.21%

AKTS Earnings

Earnings (TTM)

-69.2M

Earnings Growth (Yr)

-40.83%

Earnings Growth (Qtr)

21.95%

Breaking Down AKTS Revenue

Last 7 days

20%

Last 30 days

5.3%

Last 90 days

-14.3%

Trailing 12 Months

-80.8%

How does AKTS drawdown profile look like?

AKTS Financial Health

Current Ratio

1.82

Debt/Equity

0.27

Debt/Cashflow

-3

AKTS Investor Care

Shares Dilution (1Y)

37.80%

Diluted EPS (TTM)

-0.96

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2023	24.0M	27.1M	28.6M	29.7M
2022	13.2M	15.4M	19.0M	21.2M
2021	0	6.6M	8.8M	11.0M
2020	1.2M	181.0K	762.0K	0
2019	847.8K	1.7M	1.7M	1.4M
2018	1.0M	1.2M	1.0M	894.8K
2017	409.3K	486.5K	787.4K	1.1M
2016	227.8K	254.8K	0	332.1K
2015	0	200.7K	0	0

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

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

Try For Just $1.99

Tracking the Latest Insider Buys and Sells of Akoustis Technologies Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Jan 29, 2024	shealy jeffrey b.	bought	655,000	0.5	1,310,000	chief executive officer
Jan 29, 2024	boller kenneth	bought	30,000	0.5	60,000	cfo
Jan 29, 2024	geiss arthur	bought	25,000	0.5	50,000	-
Jan 29, 2024	aichele david	bought	40,000	0.5	80,000	evp of business development
Dec 18, 2023	boller kenneth	sold	-864	0.7206	-1,200	cfo
Dec 18, 2023	aichele david	sold	-1,083	0.722	-1,500	evp of business development
Nov 21, 2023	boller kenneth	sold	-1,001	0.589	-1,700	cfo
Nov 21, 2023	aichele david	sold	-1,534	0.5903	-2,600	evp of business development
Nov 06, 2023	mcguire james michael	acquired	-	-	83,500	-
Nov 06, 2023	neal jerry d	acquired	-	-	125,750	-

Which funds bought or sold AKTS recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 23, 2024	Sweet Financial Partners, LLC	added	4.45	-2,431	6,931	-%
Apr 23, 2024	AMALGAMATED BANK	reduced	-81.51	-7,000	1,000	-%
Apr 22, 2024	RAYMOND JAMES & ASSOCIATES	reduced	-0.35	-5,240	12,600	-%
Apr 22, 2024	Raymond James Financial Services Advisors, Inc.	added	5.09	-21,451	62,602	-%
Apr 19, 2024	Taylor Frigon Capital Management LLC	added	303	1,290,830	1,985,030	0.95%
Apr 19, 2024	Cutler Group LLC / CA	sold off	-100	-2,000	-	-%
Apr 18, 2024	Optas, LLC	new	-	7,979	7,979	-%
Apr 17, 2024	GRIFFIN ASSET MANAGEMENT, INC.	unchanged	-	-9,716	23,644	-%
Apr 16, 2024	Stratos Wealth Advisors, LLC	sold off	-100	-10,592	-	-%
Apr 16, 2024	Kohmann Bosshard Financial Services, LLC	unchanged	-	-6,742	16,407	-%

Are Funds Buying or Selling AKTS?

Are funds buying AKTS calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own AKTS

No. of Funds

Unveiling Akoustis Technologies Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	5.00%	3,626,804	SC 13G
Feb 09, 2024	senvest management, llc	3.0%	2,196,577	SC 13G/A
Feb 07, 2024	blackrock inc.	4.9%	4,847,887	SC 13G/A
Jan 26, 2024	blackrock inc.	6.9%	5,012,476	SC 13G
Sep 14, 2023	senvest management, llc	5.3%	3,802,592	SC 13G
Mar 08, 2023	blackrock inc.	4.6%	3,313,517	SC 13G/A
Feb 09, 2023	blackrock inc.	4.7%	3,342,384	SC 13G/A
Feb 01, 2023	blackrock inc.	5.7%	3,276,405	SC 13G/A
Feb 04, 2022	blackrock inc.	5.7%	2,965,937	SC 13G
Feb 02, 2021	blackrock inc.	5.7%	2,215,865	SC 13G

Recent SEC filings of Akoustis Technologies Inc

View All Filings

Date Filed	Form Type	Document
Feb 13, 2024	SC 13G	Major Ownership Report
Feb 13, 2024	8-K	Current Report
Feb 13, 2024	10-Q	Quarterly Report
Feb 09, 2024	SC 13G/A	Major Ownership Report
Feb 07, 2024	SC 13G/A	Major Ownership Report
Jan 31, 2024	4	Insider Trading
Jan 31, 2024	4	Insider Trading
Jan 31, 2024	4	Insider Trading
Jan 31, 2024	4	Insider Trading
Jan 29, 2024	8-K	Current Report

Peers (Alternatives to Akoustis Technologies Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
CSCO	195.6B	57.2B	-2.97%	1.92%	14.55	3.42	7.66%	18.93%
ANET	78.6B	5.9B	-17.99%	60.51%	37.64	13.41	33.75%	54.34%
HPQ	27.1B	53.1B	-7.92%	-6.11%	7.94	0.51	-11.04%	34.01%
HPE	21.9B	29.1B	-3.11%	17.36%	10.8	0.75	2.24%	133.29%
LOGI	12.4B	4.2B	-13.02%	37.67%	25.61	2.93	-11.68%	12.69%
JNPR	11.6B	5.6B	-3.13%	14.85%	37.24	2.08	4.97%	-34.14%
MID-CAP
UI	6.4B	1.9B	-7.00%	-56.21%	17.23	3.42	4.69%	6.86%
BDC	3.5B	2.5B	-9.16%	5.91%	14.26	1.38	-3.62%	-4.73%
LITE	2.8B	1.4B	-17.47%	-11.79%	-10.62	1.97	-21.40%	-1031.82%
SMALL-CAP
EXTR	1.4B	1.3B	-4.81%	-31.84%	17.8	1.06	14.09%	64.56%
AAOI	432.4M	217.6M	-23.23%	424.19%	-7.71	1.99	-2.32%	15.59%
ADTN	378.2M	1.1B	-10.32%	-49.42%	-1.41	0.33	12.05%	-13041.29%
ALOT	133.2M	148.1M	-4.07%	21.99%	28.37	0.9	3.90%	76.40%
AKTS	59.2M	29.7M	5.26%	-80.77%	-0.86	1.99	39.86%	-13.06%
AIRG	58.5M	56.0M	4.11%	-3.63%	-4.71	1.04	-26.16%	-43.53%

Akoustis Technologies Inc News

Latest updates

Akoustis Technologies Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

Income Statement (Quarterly)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4	2018Q3	2018Q2
Revenue	0.2%	7,017,000	7,002,000	8,333,500	7,356,000	5,865,000	5,566,000	5,203,500	4,607,000	3,672,000	1,868,000	1,252,000	636,000	17,000	54,000	55,000	55,000	1,053,631	237,463	323,276	109,000	178,099
Cost Of Revenue	-21.6%	6,336,000	8,086,000	10,037,500	8,472,000	5,274,000	6,453,000	6,666,000	5,370,000	4,549,000	2,902,000	3,427,000	1,649,000	1,074,000	217,000	787,000	336,000	200,000	299,000	370,000	144,000	188,647
Gross Profit	162.8%	681,000	-1,084,000	-1,704,000	-1,116,000	591,000	-887,000	-1,462,500	-763,000	-877,000	-1,034,000	-1,270,000	-1,013,000	-708,000	146,000	-269,000	207,000	370,000	-62,000	-47,000	169,000	-10,548
Operating Expenses	-23.7%	15,705,000	20,570,000	16,224,500	16,166,000	13,483,000	17,079,000	16,195,000	14,035,000	14,338,000	11,850,000	10,507,000	9,307,000	7,520,000	8,358,000	7,656,000	7,880,000	6,815,500	8,008,000	6,308,000	6,866,000	6,479,129
S&GA Expenses	-9.1%	9,294,000	10,224,000	8,066,500	8,817,000	5,838,000	6,982,000	5,967,500	5,721,000	5,146,000	3,876,000	3,602,000	2,927,000	2,737,500	2,589,000	2,759,000	2,801,000	2,080,500	2,503,000	1,834,000	2,505,000	2,339,482
R&D Expenses	-38.0%	6,411,000	10,346,000	8,158,000	7,349,000	7,645,000	10,097,000	10,227,500	8,314,000	9,192,000	7,974,000	6,905,000	6,380,000	4,782,500	5,769,000	4,897,000	5,079,000	4,735,000	5,505,000	4,474,000	4,361,000	3,744,647
EBITDA Margin	-2.8%	-2.06	-2.00	-2.10	-2.19	-2.49	-2.79	-3.47	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest Expenses	-40.0%	-679,000	-485,000	-367,000	-510,000	-702,000	-743,000	-165,000	25,000	28,000	35,000	5,486,500	-1,431,000	-1,314,500	-1,162,000	-1,102,000	-994,000	-879,500	-781,000	-744,000	-482,000	-
Income Taxes	100.0%	2,000	1,000	-28,000	-2,364,000	1,000	-57,000	-1,763,000	-128,000	58,000	-	-	-	-	-	-	-	-	-	-	-	-
Earnings Before Taxes	22.0%	-15,709,000	-20,128,000	-17,793,000	-17,909,000	-11,155,000	-19,148,000	-	-14,953,000	-15,187,000	-	-	-	-	-	-	-	-	-	-	-	-
EBT Margin	-2.7%	-2.41	-2.35	-2.43	-2.54	-2.87	-3.20	-3.98	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income	21.9%	-15,711,000	-20,129,000	-17,765,000	-15,545,000	-11,156,000	-19,091,000	-16,228,000	-14,686,000	-15,264,000	-12,849,000	-10,121,000	-11,950,000	-10,077,000	-7,774,000	-9,314,000	-8,975,000	-5,761,000	-9,434,000	-6,745,000	-7,308,000	-6,752,746
Net Income Margin	-2.9%	-2.33	-2.26	-2.34	-2.59	-2.88	-3.43	-3.85	-4.02	-4.41	-5.12	-6.67	-	-	-	-	-	-	-	-	-	-
Free Cashflow	25.1%	-12,964,000	-17,317,000	-11,854,000	-13,053,000	-14,384,000	-19,821,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

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	2019Q3	2019Q2	2019Q1	2018Q4
Assets	-12.0%	112	127	149	158	132	145	161	132	134	121	125	125	78.00	64.00	71.00	63.00	69.00	42.00	48.00	52.00	58.00
Current Assets	-32.6%	26.00	39.00	60.00	68.00	60.00	73.00	92.00	66.00	75.00	83.00	93.00	95.00	51.00	39.00	46.00	41.00	48.00	24.00	32.00	36.00	43.00
Cash Equivalents	-50.1%	13.00	26.00	43.00	53.00	47.00	61.00	80.00	56.00	67.00	76.00	88.00	90.00	48.00	37.00	44.00	40.00	46.00	23.00	30.00	35.00	42.00
Inventory	-11.4%	5.00	6.00	8.00	8.00	6.00	5.00	4.00	3.00	2.00	2.00	1.00	1.00	1.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net PPE	-3.3%	56.00	58.00	58.00	57.00	54.00	54.00	51.00	48.00	40.00	37.00	31.00	29.00	25.00	23.00	24.00	20.00	19.00	16.00	15.00	15.00	13.00
Goodwill	-0.3%	15.00	15.00	15.00	15.00	8.00	8.00	8.00	8.00	8.00	-	-	-	-	-	-	-	-	-	-	-	-
Liabilities	-2.1%	58.00	59.00	63.00	57.00	53.00	58.00	58.00	14.00	10.00	8.00	8.00	8.00	31.00	29.00	30.00	24.00	25.00	23.00	22.00	22.00	21.00
Current Liabilities	-10.2%	14.00	16.00	18.00	12.00	9.00	13.00	13.00	11.00	7.00	8.00	7.00	7.00	15.00	4.00	6.00	4.00	4.00	3.00	4.00	3.00	3.00
Long Term Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	14.00	23.00	22.00	20.00	20.00	19.00	18.00	-	-
LT Debt, Non Current	-	-	-	-	-	-	-	-	-	-	-	-	-	14.00	23.00	22.00	20.00	20.00	19.00	18.00	-	-
Shareholder's Equity	-20.7%	54.00	68.00	86.00	100	79.00	87.00	103	118	124	112	117	118	46.00	35.00	41.00	38.00	44.00	19.00	26.00	30.00	37.00
Retained Earnings	-5.4%	-306	-290	-270	-252	-237	-225	-206	-190	-175	-160	-147	-137	-127	-115	-103	-93.54	-85.76	-76.45	-67.47	-61.71	-52.28
Additional Paid-In Capital	0.5%	360	358	357	353	316	313	310	302	292	273	265	255	174	151	145	132	130	96.00	93.00	91.00	89.00
Shares Outstanding	4.1%	75.00	72.00	72.00	72.00	57.00	57.00	57.00	53.00	53.00	51.00	51.00	46.00	-	-	-	-	-	-	-	-	-
Minority Interest	-	-	-	-	-	-	-	-	7.00	8.00	-	-	-	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	-	148	-	-	-	331	-	-	-	471	-	-	-	250	-	-	-	124

Cashflow (Last 12 Months)

(In )

Cashflow (Quarterly)
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	13.5%	-11,339,000	-13,108,000	-8,701,000	-9,900,000	-11,231,000	-14,989,000	-11,922,000	-9,735,000	-10,851,000	-12,687,000	-7,305,000	-5,889,000	-8,258,000	-7,912,000	-4,862,000	-4,393,000	-6,252,000	-5,798,000	-4,249,000	-4,862,000	-3,809,000
Share Based Compensation	-83.2%	316,000	1,883,000	1,953,000	3,210,500	1,895,000	2,348,000	2,493,000	2,506,000	2,900,000	2,348,000	2,108,000	1,991,000	2,066,000	2,027,000	-	-	-	1,703,000	1,718,021	2,255,301	1,168,367
Cashflow From Investing	61.4%	-1,625,000	-4,209,000	-1,216,000	-15,945,000	-3,153,000	-4,832,000	-9,386,000	-8,941,000	-11,172,000	-5,443,000	-2,557,000	-5,443,000	-2,145,000	-2,346,000	-3,436,000	-2,204,000	-2,606,000	-1,645,000	-396,000	-2,722,000	-708,000
Cashflow From Financing	-	-	-	272,000	32,025,000	-	-	45,922,000	7,080,000	13,809,000	5,489,000	7,792,000	53,939,000	20,899,000	3,139,000	13,029,000	-79,000	-	-	166,000	133,000	37,526,000
Buy Backs	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	22.00	-

AKTS Income Statement

2023-12-31

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022
Income Statement [Abstract]
Revenue	$ 7,017	$ 5,865	$ 14,019	$ 11,432
Cost of revenue	6,336	5,274	14,422	11,727
Gross profit (loss)	681	591	(403)	(295)
Operating expenses
Research and development	6,411	7,645	16,758	17,730
General and administrative expenses	9,294	5,838	19,518	12,833
Total operating expenses	15,705	13,483	36,276	30,563
Loss from operations	(15,024)	(12,892)	(36,679)	(30,858)
Other (expense) income
Interest (expense) income	(679)	(702)	(1,164)	(1,445)
Other (expense) income	1	5		(9)
Change in fair value of contingent consideration		1,616		1,170
Change in fair value of derivative liabilities	(7)	818	2,006	839
Total other (expense) income	(685)	1,737	842	555
Net loss before income taxes	(15,709)	(11,155)	(35,837)	(30,303)
Income Taxes	2	1	3	(56)
Net Loss	$ (15,711)	$ (11,156)	$ (35,840)	$ (30,247)
Net loss per common share - basic (in Dollars per share)	$ (0.21)	$ (0.19)	$ (0.49)	$ (0.53)
Weighted average common shares outstanding - basic (in Shares)	73,084,663	57,583,844	72,695,676	57,369,118

AKTS Balance Sheet

2023-12-31

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Dec. 31, 2023	Jun. 30, 2023
Assets:
Cash and cash equivalents	$ 12,875	$ 43,104
Accounts receivable, net	4,808	4,753
Inventory	5,476	7,548
Other current assets	2,859	4,440
Total current assets	26,018	59,845
Property and equipment, net	56,198	57,826
Goodwill	14,559	14,559
Intangibles, net	13,876	15,241
Operating lease right-of-use asset, net	1,158	1,374
Other assets	74	72
Total Assets	111,883	148,917
Current Liabilities:
Accounts payable and accrued expenses	13,748	17,027
Deferred revenue	56	105
Operating lease liability	478	439
Total current liabilities	14,282	17,571
Long-term Liabilities:
Convertible notes payable, net	41,653	43,347
Promissory notes payable	1,333	667
Operating lease liability	729	976
Other long-term liabilities	117	117
Total long-term liabilities	43,832	45,107
Total Liabilities	58,114	62,678
Commitments and Contingencies (Note 14)
Stockholders’ Equity
Preferred stock, par value $0.001; 5,000,000 shares authorized; none issued and outstanding
Common stock, $0.001 par value; 175,000,000 shares authorized; 75,435,479, and 72,154,647 shares issued and outstanding at December 31, 2023 and June 30, 2023, respectively	75	72
Additional paid in capital	360,090	356,522
Accumulated deficit	(306,396)	(270,355)
Total Stockholders’ Equity	53,769	86,239
Total Liabilities and Stockholders’ Equity	$ 111,883	$ 148,917

About Akoustis Technologies Inc

Akoustis Technologies, Inc., through its subsidiary, Akoustis, Inc., designs, develops, manufactures, and sells radio frequency (RF) filter products for the mobile wireless device industry in the United States, Asia, Europe, and internationally. It operates through Foundry Fabrication Services and RF Filters segments. The Foundry Fabrication Services segment provides engineering review and backend packaging services. Its RF Filters segment sells amplifier and filter products. It offers RF filters for mobile wireless devices, such as smartphones and tablets, cellular infrastructure equipment, Wi-Fi customer premise equipment, and military and defense applications. The company was founded in 2013 and is headquartered in Huntersville, North Carolina.

CEO	Mr. Jeffrey B. Shealy
WEBSITE	akoustis.com
INDUSTRY	Computer Hardware
EMPLOYEES	222

Akoustis Technologies Inc Frequently Asked Questions

What is the ticker symbol for Akoustis Technologies Inc? What does AKTS stand for in stocks?

AKTS is the stock ticker symbol of Akoustis Technologies Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Akoustis Technologies Inc (AKTS)?

As of Tue Apr 23 2024, market cap of Akoustis Technologies Inc is 59.16 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of AKTS stock?

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

What is the fair value of AKTS stock?

You can check AKTS's fair value in chart for subscribers. The fair value of Akoustis Technologies Inc 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 Akoustis Technologies Inc 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 AKTS 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 Akoustis Technologies Inc a good stock to buy?

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

What is Akoustis Technologies Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Tue Apr 23 2024, AKTS's PE ratio (Price to Earnings) is -0.86 and Price to Sales (PS) ratio is 1.99. 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. AKTS PE ratio will change depending on the future growth rate expectations of investors.