Question 1

What is AutoZone's P/E ratio?

Accepted Answer

AutoZone (AZO) P/E ratio is 21.2× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. 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/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

What is a good P/E ratio for AutoZone?

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For AutoZone specifically, the relevant sector benchmark is the current sector median of 21.9×.

Question 5

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

Accepted Answer

AutoZone's P/E ratio of 21.2× is above its own 5-year average of 20.3× and below the sector median of 21.9×. That places the current reading at the 65th 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/E ratio range?

Accepted Answer

In the available daily series, AutoZone (AZO) P/E ratio has ranged from a low of 8.4× in 2008 to a high of 34.0× in 2001. The 5-year average is 20.3× and the 5-year median is 19.4×.

Question 7

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

Accepted Answer

AutoZone (AZO) P/E ratio at the end of 2025 was 28.1×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

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

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). 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	$70.25B	$2.50B	28.1×	+7.8×	Aug 30, 2025
2024	$54.18B	$2.66B	20.4×	+2.8×	Aug 31, 2024
2023	$44.36B	$2.53B	17.5×	+0.3×	Aug 26, 2023
2022	$41.90B	$2.43B	17.2×	+2.0×	Aug 27, 2022
2021	$33.14B	$2.17B	15.3×	-0.8×	Aug 28, 2021
2020	$27.81B	$1.73B	16.0×	-0.6×	Aug 29, 2020
2019	$26.90B	$1.62B	16.6×	+1.5×	Aug 31, 2019
2018	$20.20B	$1.34B	15.1×	+3.6×	Aug 25, 2018
2017	$14.79B	$1.28B	11.5×	-6.2×	Aug 26, 2017
2016	$22.06B	$1.24B	17.8×	-1.5×	Aug 27, 2016
2015	$22.38B	$1.16B	19.3×	+2.9×	Aug 29, 2015
2014	$17.51B	$1.07B	16.4×	+1.9×	Aug 30, 2014
2013	$14.72B	$1.02B	14.5×	-0.2×	Aug 31, 2013
2012	$13.66B	$930.37M	14.7×	+0.1×	Aug 25, 2012
2011	$12.36B	$848.97M	14.6×	+1.0×	Aug 27, 2011
2010	$10.01B	$738.31M	13.6×	+2.2×	Aug 28, 2010
2009	$7.44B	$657.05M	11.3×	-1.2×	Aug 29, 2009
2008	$8.00B	$641.60M	12.5×	-0.9×	Aug 30, 2008
2007	$7.99B	$595.67M	13.4×	+2.5×	Aug 25, 2007
2006	$6.20B	$569.28M	10.9×	-1.9×	Aug 26, 2006
2005	$7.31B	$571.02M	12.8×	+2.2×	Aug 27, 2005
2004	$6.01B	$566.20M	10.6×	-5.1×	Aug 28, 2004
2003	$8.15B	$517.60M	15.7×	-1.0×	Aug 30, 2003
2002	$7.15B	$428.15M	16.7×	—	Aug 31, 2002


Las Vegas Sands (LVS)	19.6×
Avery Dennison (AVY)	19.3×
Williams-Sonoma (WSM)	19.1×
Expedia Group (EXPE)	18.9×
Etsy (ETSY)	16.9×
Ball (BALL)	16.8×
Royal Caribbean Cruises (RCL)	16.6×
Lennar (LEN)	15.6×
GameStop (GME)	15.6×
Norwegian Cruise Line (NCLH)	15.0×
NVR (NVR)	14.8×
Masco (MAS)	14.6×
LKQ (LKQ)	14.5×
Mohawk Industries (MHK)	14.3×
Carnival Corporation (CCL)	14.0×
Deckers Outdoor (DECK)	13.8×
Weyco Group (WEYS)	12.8×
D.R. Horton (DHI)	12.5×
Best Buy Co. (BBY)	11.1×
PulteGroup (PHM)	11.0×
PDD Holdings (PDD)	10.7×
Toll Brothers (TOL)	10.5×
Lululemon Athletica (LULU)	10.2×
Leggett & Platt (LEG)	6.1×
Sonoco Products (SON)	5.1×

P/E Ratio for AutoZone (AZO)

P/E Ratio daily chart for AutoZone (AZO)

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

About P/E Ratio at AutoZone (AZO)

AutoZone P/E Ratio by Year

AutoZone P/E Ratio 2025: 28.1×

AutoZone P/E Ratio 2024: 20.4×

AutoZone P/E Ratio 2023: 17.5×

AutoZone P/E Ratio 2022: 17.2×

AutoZone P/E Ratio 2021: 15.3×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

AutoZone (AZO) Key Financials

P/E Ratio daily chart for AutoZone (AZO)

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

About P/E Ratio at AutoZone (AZO)

AutoZone P/E Ratio by Year

AutoZone P/E Ratio 2025: 28.1×

AutoZone P/E Ratio 2024: 20.4×

AutoZone P/E Ratio 2023: 17.5×

AutoZone P/E Ratio 2022: 17.2×

AutoZone P/E Ratio 2021: 15.3×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

+What is AutoZone's P/E ratio?

+How is the P/E ratio calculated?

+What is the P/E ratio?

+What is a good P/E ratio for AutoZone?

+Is AutoZone's P/E ratio high or low?

+What is AutoZone's historical P/E ratio range?

+What was AutoZone's P/E ratio in 2025?

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

AutoZone (AZO) Key Financials