P/E ratio for Advance Auto Parts (AAP)
P/E ratio as of May 2023 (TTM): 13.5
According to Advance Auto Parts 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 13.4712. At the end of 2021 the company had a P/E ratio of 25.0.
P/E ratio history for Advance Auto Parts from 2002 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 25.0 | 13.9% |
| 2020 | 21.9 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 AutoZone AZO | 19.6 | 45.45% | 🇺🇸 USA |
 Genuine Parts Company
GPC | 17.9 | 32.77% | 🇺🇸 USA |
 O'Reilly Automotive ORLY | 26.5 | 96.35% | 🇺🇸 USA |
 CarParts.com
PRTS | 35.3 | 161.67% | 🇺🇸 USA |
 Monro MNRO | 30.1 | 123.66% | 🇺🇸 USA |
 MarineMax HZO | 3.43 | -74.50% | 🇺🇸 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.