P/E Ratio Insights for Advance Auto Parts
In the current session, Advance Auto Parts Inc. (NYSE: AAP) is trading at $158.44, after a 1.62% increase. Over the past month, the stock increased by 4.35%, and in the past year, by 2.54%. With performance like this, long-term shareholders optimistic but others are more likely to look into the price-to-earnings ratio to see if the stock might be overvalued.
Assuming that all other factors are held constant, this could present itself as an opportunity for shareholders trying to capitalize on the higher share price. The stock is currently below from its 52 week high by 7.58%.