P/E ratio for Advance Auto Parts (AAP)

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

PE ratio at the end of each year

P/E ratio for similar companies or competitors

Company	P/E ratio	P/E ratio differencediff.	Country
O'Reilly Automotive ORLY	32.3	334.42%	🇺🇸 USA
AutoZone AZO	22.6	204.22%	🇺🇸 USA
Genuine Parts Company GPC	13.1	75.88%	🇺🇸 USA
Monro MNRO	23.3	213.50%	🇺🇸 USA
CarParts.com PRTS	-6.37	-185.71%	🇺🇸 USA
MarineMax HZO	5.91	-20.50%	🇺🇸 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.