Despite a choppy United States financial market, where investors are still digesting the aftermath of the FED raising rates in its attempt to control inflation, shares of Ross Stores (NASDAQ: ROST) fared strongly relative to the S&P 500 benchmark. ROST stock not only inched the day higher by 1.53% on Thursday's session, but it is also rallying by as much as 2.5% in the after-market hours of the evening. Considering historical next-twelve-months price-to-earnings ratios, this expectation would place ROST stock at a 21.3x P/E multiple, which compares to an average past range of virtually 22.0x to 25.0x.