Advance Auto Parts, Inc. (AAP) receives a strong valuation ranking of 93 from InvestorsObserver data analysis. The proprietary ranking system focuses on the underlying health of a company through analysis of its stock price, earnings, and growth rate. AAP has a better value than 93% of stocks based on these valuation analytics. Investors primarily focused on buy-and-hold strategies will find the valuation ranking relevant to their goals when making investment decisions.
AAP's 12-month-forward PE to Growth (PEG) ratio of 0.89 is considered a roughly average value as the market is valuing AAP right in line with its projected earnings growth. AAP's PEG comes from its forward price to earnings ratio being divided by its growth rate. A PEG ratio of 1 represents a perfect correlation between earnings growth and share price. Due to their incorporation of more fundamentals of a company's overall health and focusing on the future rather than the past, PEG ratios are one of the most used valuation metrics by analysts today.
Is Advance Auto Parts, Inc. (AAP) Stock Trading Below Fair Value?
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AAP gets a 93 Valuation Rank today. Find out what this means to you and get the rest of the rankings on AAP!