Advance Auto Parts Stock Price To Sales

AAP Stock

USD 41.35 3.09 6.95%

Advance Auto Parts fundamentals help investors to digest information that contributes to Advance Auto's financial success or failures. It also enables traders to predict the movement of Advance Stock. The fundamental analysis module provides a way to measure Advance Auto's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Advance Auto stock.

		Last Reported	Projected for Next Year
	Price To Sales Ratio	0.72	0.70

As of 11/30/2024, Price To Sales Ratio is likely to drop to 0.70.

This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

Advance Auto Parts Company Price To Sales Analysis

Advance Auto's Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.

P/S

MV Per Share

Revenue Per Share

More About Price To Sales | All Equity Analysis

Current Advance Auto Price To Sales

0.22 X

Most of Advance Auto's fundamental indicators, such as Price To Sales, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Advance Auto Parts is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Advance Price To Sales Driver Correlations

Understanding the fundamental principles of building solid financial models for Advance Auto is extremely important. It helps to project a fair market value of Advance Stock properly, considering its historical fundamentals such as Price To Sales. Since Advance Auto's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Advance Auto's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Advance Auto's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Total Liab	Total Current Assets	Current Deferred Revenue	Retained Earnings	Accounts Payable	Long Term Debt	Net Receivables	Short Term Debt	Common Stock	Property Plant Equipment	Treasury Stock	Good Will	Intangible Assets	Net Tangible Assets	Long Term Debt Total	Capital Surpluse	Deferred Long Term Liab	Short Long Term Debt	Cash And Equivalents	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.75	0.86	0.98	0.83	-0.68	0.95	0.84	0.65	0.97	0.77	-0.57	0.65	-0.63	0.79	0.75	0.54	0.46	0.87	0.72	0.82	0.58	-0.43	-0.73	-0.43
Total Stockholder Equity	0.75		0.36	0.59	0.92	-0.45	0.68	0.81	0.25	0.79	0.4	-0.57	0.09	-0.16	0.88	0.83	0.64	0.37	0.61	0.8	0.37	0.67	-0.14	-0.25	0.11
Net Debt	0.86	0.36		0.94	0.52	-0.67	0.85	0.64	0.65	0.79	0.83	-0.31	0.81	-0.81	0.54	0.55	0.35	0.29	0.83	0.5	0.93	0.29	-0.48	-0.92	-0.59
Total Liab	0.98	0.59	0.94		0.73	-0.68	0.93	0.79	0.7	0.92	0.81	-0.52	0.76	-0.73	0.68	0.66	0.44	0.45	0.88	0.63	0.88	0.48	-0.48	-0.83	-0.53
Total Current Assets	0.83	0.92	0.52	0.73		-0.42	0.74	0.96	0.43	0.83	0.44	-0.66	0.3	-0.32	0.89	0.82	0.46	0.58	0.78	0.77	0.47	0.54	-0.2	-0.41	0.05
Current Deferred Revenue	-0.68	-0.45	-0.67	-0.68	-0.42		-0.74	-0.38	-0.25	-0.6	-0.91	0.05	-0.43	0.66	-0.34	-0.32	-0.75	0.09	-0.7	-0.39	-0.85	-0.71	0.46	0.67	0.45
Retained Earnings	0.95	0.68	0.85	0.93	0.74	-0.74		0.77	0.51	0.88	0.78	-0.52	0.68	-0.79	0.68	0.62	0.55	0.27	0.88	0.7	0.84	0.64	-0.46	-0.77	-0.45
Accounts Payable	0.84	0.81	0.64	0.79	0.96	-0.38	0.77		0.47	0.83	0.48	-0.67	0.41	-0.45	0.86	0.82	0.36	0.57	0.83	0.75	0.55	0.38	-0.25	-0.55	0.01
Long Term Debt	0.65	0.25	0.65	0.7	0.43	-0.25	0.51	0.47		0.7	0.36	-0.34	0.73	-0.29	0.52	0.5	-0.09	0.73	0.54	0.32	0.44	0.18	-0.18	-0.39	-0.69
Net Receivables	0.97	0.79	0.79	0.92	0.83	-0.6	0.88	0.83	0.7		0.67	-0.53	0.58	-0.49	0.88	0.85	0.49	0.5	0.8	0.79	0.7	0.58	-0.39	-0.6	-0.42
Short Term Debt	0.77	0.4	0.83	0.81	0.44	-0.91	0.78	0.48	0.36	0.67		-0.19	0.53	-0.74	0.37	0.39	0.7	0.04	0.73	0.42	0.95	0.5	-0.52	-0.8	-0.5
Common Stock	-0.57	-0.57	-0.31	-0.52	-0.66	0.05	-0.52	-0.67	-0.34	-0.53	-0.19		-0.3	0.23	-0.46	-0.4	-0.14	-0.53	-0.39	-0.36	-0.22	-0.23	0.1	0.19	0.1
Property Plant Equipment	0.65	0.09	0.81	0.76	0.3	-0.43	0.68	0.41	0.73	0.58	0.53	-0.3		-0.68	0.26	0.21	-0.03	0.32	0.7	0.32	0.7	0.13	-0.21	-0.74	-0.8
Treasury Stock	-0.63	-0.16	-0.81	-0.73	-0.32	0.66	-0.79	-0.45	-0.29	-0.49	-0.74	0.23	-0.68		-0.22	-0.19	-0.3	0.01	-0.73	-0.3	-0.84	-0.33	0.58	0.85	0.45
Good Will	0.79	0.88	0.54	0.68	0.89	-0.34	0.68	0.86	0.52	0.88	0.37	-0.46	0.26	-0.22		0.98	0.4	0.51	0.66	0.82	0.39	0.47	-0.16	-0.35	-0.01
Intangible Assets	0.75	0.83	0.55	0.66	0.82	-0.32	0.62	0.82	0.5	0.85	0.39	-0.4	0.21	-0.19	0.98		0.42	0.47	0.59	0.77	0.4	0.4	-0.17	-0.35	0.01
Net Tangible Assets	0.54	0.64	0.35	0.44	0.46	-0.75	0.55	0.36	-0.09	0.49	0.7	-0.14	-0.03	-0.3	0.4	0.42		-0.2	0.4	0.46	0.57	0.74	-0.17	-0.32	-0.02
Long Term Debt Total	0.46	0.37	0.29	0.45	0.58	0.09	0.27	0.57	0.73	0.5	0.04	-0.53	0.32	0.01	0.51	0.47	-0.2		0.37	0.22	0.11	0.03	-0.03	-0.13	-0.12
Capital Surpluse	0.87	0.61	0.83	0.88	0.78	-0.7	0.88	0.83	0.54	0.8	0.73	-0.39	0.7	-0.73	0.66	0.59	0.4	0.37		0.69	0.82	0.46	-0.37	-0.8	-0.35
Deferred Long Term Liab	0.72	0.8	0.5	0.63	0.77	-0.39	0.7	0.75	0.32	0.79	0.42	-0.36	0.32	-0.3	0.82	0.77	0.46	0.22	0.69		0.45	0.43	-0.18	-0.4	-0.1
Short Long Term Debt	0.82	0.37	0.93	0.88	0.47	-0.85	0.84	0.55	0.44	0.7	0.95	-0.22	0.7	-0.84	0.39	0.4	0.57	0.11	0.82	0.45		0.44	-0.49	-0.92	-0.54
Cash And Equivalents	0.58	0.67	0.29	0.48	0.54	-0.71	0.64	0.38	0.18	0.58	0.5	-0.23	0.13	-0.33	0.47	0.4	0.74	0.03	0.46	0.43	0.44		-0.27	-0.19	-0.18
Net Invested Capital	-0.43	-0.14	-0.48	-0.48	-0.2	0.46	-0.46	-0.25	-0.18	-0.39	-0.52	0.1	-0.21	0.58	-0.16	-0.17	-0.17	-0.03	-0.37	-0.18	-0.49	-0.27		0.52	0.25
Net Working Capital	-0.73	-0.25	-0.92	-0.83	-0.41	0.67	-0.77	-0.55	-0.39	-0.6	-0.8	0.19	-0.74	0.85	-0.35	-0.35	-0.32	-0.13	-0.8	-0.4	-0.92	-0.19	0.52		0.43
Capital Stock	-0.43	0.11	-0.59	-0.53	0.05	0.45	-0.45	0.01	-0.69	-0.42	-0.5	0.1	-0.8	0.45	-0.01	0.01	-0.02	-0.12	-0.35	-0.1	-0.54	-0.18	0.25	0.43

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Advance Price To Sales Historical Pattern

Today, most investors in Advance Auto Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Advance Auto's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's price to sales growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Advance Auto price to sales as a starting point in their analysis.

Advance Auto Price To Sales

Timeline

The most critical factor to remember is that the price of equity takes a firm's debt into account, whereas the sales indicators do not consider financial leverage. Generally speaking, Price to Sales ratio shows how much market values every dollar of the company's sales.

Competition

Predict Advance Auto

Price To Sales Ratio Over Time

Advance Price To Sales Ratio

Price To Sales Ratio

0.7

At this time, Advance Auto's Price To Sales Ratio is relatively stable compared to the past year.

Based on the latest financial disclosure, Advance Auto Parts has a Price To Sales of 0.2191 times. This is 99.65% lower than that of the Specialty Retail sector and 90.68% lower than that of the Consumer Discretionary industry. The price to sales for all United States stocks is 98.08% higher than that of the company.

Advance Price To Sales Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Advance Auto's direct or indirect competition against its Price To Sales to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Advance Auto could also be used in its relative valuation, which is a method of valuing Advance Auto by comparing valuation metrics of similar companies.

Advance Auto is currently under evaluation in price to sales category among its peers.

Advance Auto ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Advance Auto's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Advance Auto's managers, analysts, and investors.

Environmental

Governance

Social

Advance Fundamentals

	Return On Equity	-0.0046
	Return On Asset	0.0025
	Profit Margin	(0) %
	Operating Margin	0.03 %
	Current Valuation	6 B
	Shares Outstanding	59.73 M
	Shares Owned By Insiders	1.09 %
	Shares Owned By Institutions	98.91 %
	Number Of Shares Shorted	10.58 M
	Price To Earning	19.36 X
	Price To Book	1.02 X
	Price To Sales	0.22 X
	Revenue	11.29 B
	Gross Profit	4.96 B
	EBITDA	426.36 M
	Net Income	29.73 M
	Cash And Equivalents	269.28 M
	Cash Per Share	3.25 X
	Total Debt	4 B
	Debt To Equity	1.50 %
	Current Ratio	1.13 X
	Book Value Per Share	42.34 X
	Cash Flow From Operations	287.38 M
	Short Ratio	3.77 X
	Earnings Per Share	0.79 X
	Price To Earnings To Growth	0.59 X
	Target Price	44.0
	Number Of Employees	40 K
	Beta	1.19
	Market Capitalization	2.47 B
	Total Asset	12.28 B
	Retained Earnings	4.56 B
	Working Capital	1.07 B
	Current Asset	1.19 B
	Current Liabilities	722.58 M
	Annual Yield	0.02 %
	Five Year Return	0.74 %
	Net Asset	12.28 B

About Advance Auto Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Advance Auto Parts's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Advance Auto using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Advance Auto Parts based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

Pair Trading with Advance Auto

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Advance Auto position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Advance Auto will appreciate offsetting losses from the drop in the long position's value.

Moving against Advance Stock

0.4	WOOF	Pet Acquisition LLC	Pair Corr
0.37	AGS	PlayAGS	Pair Corr

The ability to find closely correlated positions to Advance Auto could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Advance Auto when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Advance Auto - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Advance Auto Parts to buy it.

The correlation of Advance Auto is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Advance Auto moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Advance Auto Parts moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Advance Auto can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Advance Stock Analysis

When running Advance Auto's price analysis, check to measure Advance Auto's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Advance Auto is operating at the current time. Most of Advance Auto's value examination focuses on studying past and present price action to predict the probability of Advance Auto's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Advance Auto's price. Additionally, you may evaluate how the addition of Advance Auto to your portfolios can decrease your overall portfolio volatility.

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