Great Ajax (AJX)
(Delayed Data from NYSE)
$3.67 USD
+0.03 (0.82%)
Updated Jul 12, 2024 04:00 PM ET
After-Market: $3.66 -0.01 (-0.27%) 7:36 PM ET
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About PEG Ratio (TTM)
The company's trailing twelve month (TTM) PEG ratio is the P/E ratio divided by its long-term growth rate consensus. This ratio essentially compares the P/E to its growth rate, thus, for many, telling a more complete story than just the P/E ratio alone. Conventional wisdom says that a PEG ratio of 1 or less is considered good (at par or undervalued to its growth rate). A value greater than 1, in general, is not as good (overvalued to its growth rate). For example, a company with a P/E ratio of 25 and a growth rate of 20% would have a PEG ratio of 1.25 (25 / 20 = 1.25). A company with a P/E ratio of 40 and a growth rate of 50% would have a PEG ratio of 0.80 (40 / 50 = 0.80). Traditionally, investors would look at the stock with the lower P/E and deem it a bargain. But when compared to its growth rate, it doesn't have the earnings growth to justify its P/E. In this example, the one with the P/E of 40 is the better bargain because it is selling at a discount to its growth rate. So the PEG ratio tells you what you're paying for each unit of earnings growth.
AJX 3.67 +0.03(0.82%)
Will AJX be a Portfolio Killer in July?
Zacks Investment Research is releasing its prediction for AJX based on the 1-3 month trading system that more than doubles the S&P 500.
Zacks News for AJX
ACRES Commercial (ACR) Q1 Earnings and Revenues Miss Estimates
Great Ajax (AJX) Reports Q2 Loss, Misses Revenue Estimates
AJX: What are Zacks experts saying now?
Zacks Private Portfolio Services
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Great Ajax (AJX) Reports Q1 Loss, Misses Revenue Estimates
Other News for AJX
Great Ajax Corp. Schedules Its Second Quarter 2024 Earnings Release and Conference Call
BTIG Reaffirms Their Hold Rating on Great Ajax (AJX)
Alexium Welcomes New Board Members
A Critical Cooldown
Great Ajax gets $70M loan from Rithm, sells shares to Rithm