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Advance Auto Parts Inc  (NYSE:AAP) Shiller PE Ratio: 25.13 (As of Today)

As of today, Advance Auto Parts Inc's current share price is $151.80. Advance Auto Parts Inc's E10 for the quarter that ended in Apr. 2019 was $6.04. Advance Auto Parts Inc's Shiller P/E Ratio for today is 25.13.

NYSE:AAP' s Shiller PE Ratio Range Over the Past 10 Years
Min: 15.18   Max: 43.2
Current: 25.14

15.18
43.2

During the past years, Advance Auto Parts Inc's highest Shiller P/E Ratio was 43.20. The lowest was 15.18. And the median was 28.80.

NYSE:AAP's Shiller PE Ratio is ranked lower than
67% of the 321 Companies
in the Global industry.

( Industry Median: 18.09 vs. NYSE:AAP: 25.14 )

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Advance Auto Parts Inc's adjusted earnings per share data for the three months ended in Apr. 2019 was $1.980. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $6.04 for the trailing ten years ended in Apr. 2019.


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Advance Auto Parts Inc Annual Data

Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Shiller PE Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 38.51 33.08 33.85 18.29 27.04

Advance Auto Parts Inc Quarterly Data

Jun14 Sep14 Dec14 Apr15 Jun15 Sep15 Dec15 Apr16 Jun16 Sep16 Dec16 Apr17 Jun17 Sep17 Dec17 Apr18 Jun18 Sep18 Dec18 Apr19
Shiller PE Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 20.25 23.41 28.42 27.04 27.54

Competitive Comparison
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap.


Advance Auto Parts Inc Distribution

* The bar in red indicates where Advance Auto Parts Inc's Shiller PE Ratio falls into.



Calculation

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Advance Auto Parts Inc's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/ E10
=151.80/6.04
=25.13

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Advance Auto Parts Inc's E10 for the fiscal year that ended in Dec18 is calculated as:

For example, Advance Auto Parts Inc's adjusted earnings per share data for the three months ended in Apr. 2019 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Apr. 2019 (Change)*Current CPI (Apr. 2019)
=1.98/254.915*254.915
=1.980

Current CPI (Apr. 2019) = 254.915.

Advance Auto Parts Inc Quarterly Data

per_share_eps CPI Adj_EPS
200909 0.650 215.969 0.767
200912 0.370 215.949 0.437
201003 1.190 217.631 1.394
201006 1.160 217.965 1.357
201009 1.030 218.439 1.202
201012 0.580 219.179 0.675
201103 1.350 223.467 1.540
201106 1.460 225.722 1.649
201109 1.410 226.889 1.584
201112 0.920 225.672 1.039
201203 1.790 229.392 1.989
201204 1.790 230.085 1.983
201206 1.340 229.478 1.489
201209 1.210 231.407 1.333
201212 0.880 229.601 0.977
201304 1.650 232.531 1.809
201306 1.590 233.504 1.736
201309 1.420 234.149 1.546
201312 0.670 233.049 0.733
201404 2.010 237.072 2.161
201406 1.890 238.343 2.021
201409 1.660 238.031 1.778
201412 1.150 234.812 1.248
201504 2.000 236.599 2.155
201506 2.030 238.638 2.168
201509 1.630 237.945 1.746
201512 0.740 236.525 0.798
201604 2.140 239.261 2.280
201606 1.680 241.018 1.777
201609 1.530 241.428 1.615
201612 0.840 241.432 0.887
201704 1.460 244.524 1.522
201706 1.170 244.955 1.218
201709 1.300 246.819 1.343
201712 2.490 246.524 2.575
201804 1.840 250.546 1.872
201806 1.590 251.989 1.608
201809 1.560 252.439 1.575
201812 0.740 251.233 0.751
201904 1.980 254.915 1.980

Add all the adjusted EPS together and divide 10 will get our .


Explanation

Compared with the regular P/E ratio, which works poorly for cyclical businesses, the Shiller P/E smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller P/E should give similar results to regular P/E.

Compared with the P/S ratio, the Shiller P/E makes the comparison between different industries more meaningful.


Be Aware

The Shiller P/E assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, the Shiller P/E and P/S ratio will give false valuations.


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