Question 1

What is AutoZone's P/FCF ratio?

Accepted Answer

AutoZone (AZO) P/FCF ratio is 30.7× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month free cash flow, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/FCF ratio calculated?

Accepted Answer

P/FCF = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Free Cash Flow, where Free Cash Flow = Operating Cash Flow − Capital Expenditures. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/FCF ratio?

Accepted Answer

The price-to-free-cash-flow (P/FCF) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) free cash flow. It is calculated as market cap ÷ TTM free cash flow, where free cash flow = operating cash flow − capital expenditures. Because FCF cannot be inflated by non-cash accounting items, P/FCF is often considered a cleaner measure of "earnings-power valuation" than P/E — especially for capital-intensive businesses where depreciation diverges from real cash outflows.

Question 4

What is a good P/FCF ratio for AutoZone?

Accepted Answer

Mature companies that consistently convert profit into cash often trade at 15–25× P/FCF; capital-intensive businesses with lumpy capex typically trade lower. Compare against sector peers and against the company's own multi-year average — single-year P/FCF can be distorted by working-capital swings. For AutoZone specifically, the relevant sector benchmark is the current sector median of 17.1×.

Question 5

Is AutoZone's P/FCF ratio high or low?

Accepted Answer

AutoZone's P/FCF ratio of 30.7× is above its own 5-year average of 24.3× and above the sector median of 17.1×. That places the current reading at the 72th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is AutoZone's historical P/FCF ratio range?

Accepted Answer

In the available daily series, AutoZone (AZO) P/FCF ratio has ranged from a low of 8.4× in 2008 to a high of 40.2× in 2026. The 5-year average is 24.3× and the 5-year median is 22.7×.

Question 7

What was AutoZone's P/FCF ratio in 2025?

Accepted Answer

AutoZone (AZO) P/FCF ratio at the end of 2025 was 39.2×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month free cash flow figure available at that date.

Question 8

Why does AutoZone's P/FCF ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (free cash flow). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$70.2B	$1.79B	39.2×	+11.2×	Aug 30, 2025
2024	$54.2B	$1.93B	28.1×	+7.4×	Aug 31, 2024
2023	$44.4B	$2.14B	20.7×	+4.2×	Aug 26, 2023
2022	$41.9B	$2.54B	16.5×	+5.1×	Aug 27, 2022
2021	$33.1B	$2.9B	11.4×	-0.9×	Aug 28, 2021
2020	$27.8B	$2.26B	12.3×	-4.2×	Aug 29, 2020
2019	$26.9B	$1.63B	16.5×	+3.5×	Aug 31, 2019
2018	$20.2B	$1.56B	13.0×	-1.6×	Aug 25, 2018
2017	$14.8B	$1.02B	14.5×	-5.9×	Aug 26, 2017
2016	$22.1B	$1.08B	20.5×	-1.2×	Aug 27, 2016
2015	$22.4B	$1.03B	21.6×	+2.0×	Aug 29, 2015
2014	$17.5B	$892M	19.6×	+7.7×	Aug 30, 2014
2013	$14.7B	$1.24B	11.9×	+0.4×	Aug 31, 2013
2012	$13.7B	$1.19B	11.5×	-4.6×	Aug 25, 2012
2011	$12.4B	$769M	16.1×	+4.7×	Aug 27, 2011
2010	$10B	$881M	11.4×	-0.1×	Aug 28, 2010
2009	$7.44B	$652M	11.4×	-0.4×	Aug 29, 2009
2008	$8B	$678M	11.8×	-1.1×	Aug 30, 2008
2007	$7.99B	$621M	12.9×	+1.8×	Aug 25, 2007
2006	$6.2B	$559M	11.1×	-9.0×	Aug 26, 2006
2005	$7.31B	$365M	20.0×	+6.8×	Aug 27, 2005
2004	$6.01B	$454M	13.2×	-2.5×	Aug 28, 2004
2003	$8.15B	$516M	15.8×	+4.3×	Aug 30, 2003
2002	$7.15B	$622M	11.5×	—	Aug 31, 2002


DraftKings (DKNG)	15.5×
Avery Dennison (AVY)	15.2×
Wynn Resorts (WYNN)	15.1×
NVR (NVR)	14.9×
Booking Holdings (BKNG)	14.7×
D.R. Horton (DHI)	14.2×
V.F. (VFC)	12.6×
Deckers Outdoor (DECK)	12.0×
Carnival Corporation (CCL)	11.9×
Lululemon Athletica (LULU)	11.6×
Toll Brothers (TOL)	11.1×
Hasbro (HAS)	9.8×
PDD Holdings (PDD)	9.5×
LKQ (LKQ)	9.3×
KB Home (KBH)	8.8×
Mohawk Industries (MHK)	8.4×
MercadoLibre (MELI)	8.2×
Best Buy Co. (BBY)	7.9×
Etsy (ETSY)	7.2×
Leggett & Platt (LEG)	6.6×
Weyco Group (WEYS)	6.2×
Expedia Group (EXPE)	6.0×
MGM Resorts (MGM)	5.5×
Ford Motor (F)	4.8×
General Motors (GM)	4.3×

P/FCF Ratio for AutoZone (AZO) 2002-2026

P/FCF Ratio daily chart for AutoZone (AZO)

Historical P/FCF Ratio for AutoZone (AZO) from 2002 to 2025

About P/FCF Ratio at AutoZone (AZO)

AutoZone P/FCF Ratio by Year

AutoZone P/FCF Ratio 2025: 39.2×

AutoZone P/FCF Ratio 2024: 28.1×

AutoZone P/FCF Ratio 2023: 20.7×

AutoZone P/FCF Ratio 2022: 16.5×

AutoZone P/FCF Ratio 2021: 11.4×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

AutoZone (AZO) Key Financials