P/E ratio for Advance Auto Parts (AAP)
P/E ratio as of April 2024 (TTM): 13.3
According to Advance Auto Parts 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 13.2874. 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 |
|---|---|---|
| 2021 | 25.0 | 13.9% |
| 2020 | 21.9 | |
| 2011 | 13.3 | -19.14% |
| 2010 | 16.5 | 16.14% |
| 2009 | 14.2 | 5.52% |
| 2008 | 13.5 | -18.51% |
| 2007 | 16.5 | 1.72% |
| 2006 | 16.2 | -18.55% |
| 2005 | 19.9 | 15.96% |
| 2004 | 17.2 | -28.19% |
| 2003 | 23.9 | -9.42% |
| 2002 | 26.4 | -79.28% |
| 2001 | 128 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 AutoZone AZO | 20.7 | 55.66% | 🇺🇸 USA |
 Genuine Parts Company
GPC | 18.0 | 35.49% | 🇺🇸 USA |
 O'Reilly Automotive ORLY | 29.0 | 118.35% | 🇺🇸 USA |
 CarParts.com
PRTS | -8.60 | -164.72% | 🇺🇸 USA |
 Monro MNRO | 27.0 | 102.92% | 🇺🇸 USA |
 MarineMax HZO | 5.34 | -59.84% | 🇺🇸 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.