Advance Auto Parts
AAP
#3010
Rank
$3.94 B
Marketcap
$66.14
Share price
2.89%
Change (1 day)
-2.71%
Change (1 year)

P/E ratio for Advance Auto Parts (AAP)

P/E ratio as of June 2024 (TTM): 11.4

According to Advance Auto Parts 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 11.3838. At the end of 2021 the company had a P/E ratio of 25.0.

P/E ratio history for Advance Auto Parts from 2001 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202125.013.9%
202021.9
201113.3-19.14%
201016.516.14%
200914.25.52%
200813.5-18.51%
200716.51.72%
200616.2-18.55%
200519.915.96%
200417.2-28.19%
200323.9-9.42%
200226.4-79.28%
2001128

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
20.9 83.83%๐Ÿ‡บ๐Ÿ‡ธ USA
15.9 39.58%๐Ÿ‡บ๐Ÿ‡ธ USA
28.5 150.12%๐Ÿ‡บ๐Ÿ‡ธ USA
-7.33-164.42%๐Ÿ‡บ๐Ÿ‡ธ USA
20.7 81.82%๐Ÿ‡บ๐Ÿ‡ธ USA
6.75-40.72%๐Ÿ‡บ๐Ÿ‡ธ USA

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.