Question 1

What is AutoZone's P/B ratio?

Accepted Answer

AutoZone (AZO) P/B ratio is currently not available. A negative or zero P/B occurs when accumulated losses, large buybacks, or special dividends have driven shareholders' equity below zero. In that case P/B is reported as N/A and analysts use P/S or EV/EBITDA as substitutes.

Question 2

How is the P/B ratio calculated?

Accepted Answer

P/B = Market Capitalisation ÷ Book Value of Equity (most recent quarterly shareholders' equity), or equivalently Share Price ÷ Book Value Per Share. 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/B ratio?

Accepted Answer

The price-to-book (P/B) ratio compares a company's market capitalisation to its book value of equity (total shareholders' equity) on the most recent quarterly balance sheet. It is calculated as market cap ÷ book value of equity (equivalent to share price ÷ book value per share). A P/B below 1× implies the market values the business below its accounting net worth; values well above 1× reflect intangible assets, brand value, or a high return on equity.

Question 4

What is a good P/B ratio for AutoZone?

Accepted Answer

A "good" P/B depends on the business model. Banks, insurers, and other capital-heavy financials typically trade near 1×; asset-light technology and consumer-brand companies can sustainably trade at 5×+ because much of their value is intangible. P/B is most informative when paired with return on equity (ROE). For AutoZone specifically, the relevant sector benchmark is the current sector median of 4.3×.

Question 5

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

Accepted Answer

In the available daily series, AutoZone (AZO) P/B ratio has ranged from a low of 8.6× in 2003 to a high of 89.8× in 2008.

Question 6

What was AutoZone's P/B ratio in 2008?

Accepted Answer

AutoZone (AZO) P/B ratio at the end of 2008 was 34.8×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month book value figure available at that date.

Question 7

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

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (book value). 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.

Question 8

Why is AutoZone's P/B ratio not available?

Accepted Answer

A negative or zero P/B occurs when accumulated losses, large buybacks, or special dividends have driven shareholders' equity below zero. In that case P/B is reported as N/A and analysts use P/S or EV/EBITDA as substitutes.


2025	$70.2B	-$3.41B	—	—	Aug 30, 2025
2024	$54.2B	-$4.75B	—	—	Aug 31, 2024
2023	$44.4B	-$4.35B	—	—	Aug 26, 2023
2022	$41.9B	-$3.54B	—	—	Aug 27, 2022
2021	$33.1B	-$1.8B	—	—	Aug 28, 2021
2020	$27.8B	-$878M	—	—	Aug 29, 2020
2019	$26.9B	-$1.71B	—	—	Aug 31, 2019
2018	$20.2B	-$1.52B	—	—	Aug 25, 2018
2017	$14.8B	-$1.43B	—	—	Aug 26, 2017
2016	$22.1B	-$1.79B	—	—	Aug 27, 2016
2015	$22.4B	-$1.7B	—	—	Aug 29, 2015
2014	$17.5B	-$1.62B	—	—	Aug 30, 2014
2013	$14.7B	-$1.69B	—	—	Aug 31, 2013
2012	$13.7B	-$1.55B	—	—	Aug 25, 2012
2011	$12.4B	-$1.25B	—	—	Aug 27, 2011
2010	$10B	-$739M	—	—	Aug 28, 2010
2009	$7.44B	-$433M	—	—	Aug 29, 2009
2008	$8B	$230M	34.8×	+15.0×	Aug 30, 2008
2007	$7.99B	$403M	19.8×	+6.6×	Aug 25, 2007
2006	$6.2B	$470M	13.2×	-5.5×	Aug 26, 2006
2005	$7.31B	$391M	18.7×	-16.4×	Aug 27, 2005
2004	$6.01B	$171M	35.0×	+13.3×	Aug 28, 2004
2003	$8.15B	$374M	21.8×	+11.4×	Aug 30, 2003
2002	$7.15B	$689M	10.4×	—	Aug 31, 2002


Aureus Greenway Holdings (PUSA)	3.6×
Genuine Parts (GPC)	3.6×
Norwegian Cruise Line (NCLH)	3.5×
V.F. (VFC)	3.5×
Lululemon Athletica (LULU)	3.1×
Carnival Corporation (CCL)	2.9×
Ball (BALL)	2.8×
PDD Holdings (PDD)	2.3×
GameStop (GME)	2.0×
XPeng (XPEV)	2.0×
D.R. Horton (DHI)	2.0×
Alibaba (BABA)	1.9×
Li Auto (LI)	1.8×
Amcor (AMCR)	1.7×
Toll Brothers (TOL)	1.6×
Lucid Group (LCID)	1.5×
Leggett & Platt (LEG)	1.3×
Weyco Group (WEYS)	1.2×
Ford Motor (F)	1.2×
LKQ (LKQ)	1.2×
General Motors (GM)	1.1×
Smurfit Westrock (SW)	1.1×
Lennar (LEN)	1.0×
KB Home (KBH)	0.8×
Mohawk Industries (MHK)	0.7×

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

P/B Ratio daily chart for AutoZone (AZO)

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

About P/B Ratio at AutoZone (AZO)

AutoZone P/B Ratio by Year

AutoZone P/B Ratio 2008: 34.8×

AutoZone P/B Ratio 2007: 19.8×

AutoZone P/B Ratio 2006: 13.2×

AutoZone P/B Ratio 2005: 18.7×

AutoZone P/B Ratio 2004: 35.0×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

AutoZone (AZO) Key Financials