AutoZone, Inc. (AZO) P/E Ratio History
Fairly ValuedTrading at 21.2x, near 5Y avg of 21.2x · 60th percentile · In line with own history · Data 1992–2026
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P/E Ratio Analysis
As of June 21, 2026, AutoZone, Inc. (AZO) trades at a price-to-earnings ratio of 21.2x, with a stock price of $3064.48 and trailing twelve-month earnings per share of $147.05.
The current P/E is roughly in line with its 5-year average of 21.2x. Over the past five years, AZO's P/E has ranged from a low of 16.2x to a high of 29.0x, placing the current valuation at the 60th percentile of its historical range.
Compared to the Consumer Cyclical sector median P/E of 21.2x, AZO is roughly in line with its sector peers. The sector includes 307 companies with P/E ratios ranging from 0.1x to 184.9x.
The PEG ratio of 1.41 (P/E divided by -3% EPS growth) suggests a fair valuation relative to its earnings growth. Peter Lynch popularized the rule that a PEG below 1.0 indicates an attractive entry point.
Relative to the broader market, AZO trades roughly in line with the S&P 500 median P/E of 24.4x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our AZO DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
AZO Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
AZO P/E vs Peers
Auto Parts Retail and Distribution peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $73B | 29.2 | 2.34 | +10% | |
| $4B | 82.3 | - | +113% | |
| $15B | 231.3 | - | -93% | |
| $467M | 565.5 | - | +113% | |
| $10B | 22.9 | 1.76Best | -0% | |
| $2B | 14.9 | - | +147%Best | |
| $1B | 8.6Lowest | - | -12% | |
| $16B | 132.8 | - | -35% | |
| $873M | 21.4 | - | -24% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
AZO Historical P/E Data (1992–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q3 | May 09 2026 | $3496.19 | $145.45 | 24.0x | +23% |
| FY2026 Q2 | Feb 14 2026 | $3858.16 | $142.74 | 27.0x | +38% |
| FY2026 Q1 | Nov 22 2025 | $3897.88 | $143.40 | 27.2x | +39% |
| FY2025 Q4 | Aug 30 2025 | $4198.53 | $144.88 | 29.0x | +48% |
| FY2025 Q3 | May 10 2025 | $3663.73 | $147.75 | 24.8x | +27% |
| FY2025 Q2 | Feb 15 2025 | $3458.55 | $149.08 | 23.2x | +19% |
| FY2025 Q1 | Nov 23 2024 | $3099.38 | $149.68 | 20.7x | +6% |
| FY2024 Q4 | Aug 31 2024 | $3181.48 | $149.71 | 21.3x | +9% |
| FY2024 Q3 | May 04 2024 | $2952.20 | $144.59 | 20.4x | +5% |
| FY2024 Q2 | Feb 10 2024 | $2680.00 | $142.02 | 18.9x | -3% |
| FY2024 Q1 | Nov 18 2023 | $2627.05 | $137.77 | 19.1x | -2% |
| FY2023 Q4 | Aug 26 2023 | $2453.40 | $132.67 | 18.5x | -5% |
| FY2023 Q3 | May 06 2023 | $2691.58 | $126.72 | 21.2x | +9% |
| FY2023 Q2 | Feb 11 2023 | $2513.69 | $121.63 | 20.7x | +6% |
| FY2023 Q1 | Nov 19 2022 | $2460.84 | $119.29 | 20.6x | +6% |
| FY2022 Q4 | Aug 27 2022 | $2163.02 | $117.53 | 18.4x | -6% |
| FY2022 Q3 | May 07 2022 | $2000.00 | $112.74 | 17.7x | -9% |
| FY2022 Q2 | Feb 12 2022 | $1949.11 | $110.19 | 17.7x | -9% |
| FY2022 Q1 | Nov 20 2021 | $1859.68 | $102.82 | 18.1x | -7% |
| FY2021 Q4 | Aug 28 2021 | $1548.49 | $95.74 | 16.2x | -17% |
| FY2021 Q3 | May 08 2021 | $1507.20 | $90.95 | 16.6x | -15% |
| FY2021 Q2 | Feb 13 2021 | $1146.65 | $78.86 | 14.5x | -26% |
| FY2021 Q1 | Nov 21 2020 | $1114.20 | $76.32 | 14.6x | -25% |
| FY2020 Q4 | Aug 29 2020 | $1189.12 | $72.01 | 16.5x | -15% |
| FY2020 Q3 | May 09 2020 | $1057.90 | $63.56 | 16.6x | -15% |
| FY2020 Q2 | Feb 15 2020 | $1053.21 | $65.16 | 16.2x | -17% |
| FY2020 Q1 | Nov 23 2019 | $1163.87 | $64.26 | 18.1x | -7% |
| FY2019 Q4 | Aug 31 2019 | $1101.69 | $63.43 | 17.4x | -11% |
| FY2019 Q3 | May 04 2019 | $1033.38 | $55.97 | 18.5x | -5% |
| FY2019 Q2 | Feb 09 2019 | $874.08 | $53.40 | 16.4x | -16% |
| FY2019 Q1 | Nov 17 2018 | $827.99 | $52.29 | 15.8x | -19% |
| FY2018 Q4 | Aug 25 2018 | $770.52 | $48.82 | 15.8x | -19% |
| FY2018 Q3 | May 05 2018 | $649.94 | $49.07 | 13.2x | -32% |
| FY2018 Q2 | Feb 10 2018 | $723.50 | $47.09 | 15.4x | -21% |
| FY2018 Q1 | Nov 18 2017 | $629.43 | $44.79 | 14.1x | -28% |
| FY2017 Q4 | Aug 26 2017 | $528.95 | $44.15 | 12.0x | -39% |
| FY2017 Q3 | May 06 2017 | $705.31 | $43.18 | 16.3x | -16% |
| FY2017 Q2 | Feb 11 2017 | $740.65 | $42.51 | 17.4x | -11% |
| FY2017 Q1 | Nov 19 2016 | $755.24 | $41.86 | 18.0x | -8% |
| FY2016 Q4 | Aug 27 2016 | $753.47 | $40.79 | 18.5x | -5% |
| FY2016 Q3 | May 07 2016 | $776.21 | $39.24 | 19.8x | +1% |
| FY2016 Q2 | Feb 13 2016 | $729.62 | $38.04 | 19.2x | -2% |
| FY2016 Q1 | Nov 21 2015 | $783.82 | $37.12 | 21.1x | +8% |
| FY2015 Q4 | Aug 29 2015 | $726.39 | $36.10 | 20.1x | +3% |
| FY2015 Q3 | May 09 2015 | $686.13 | $34.63 | 19.8x | +1% |
| FY2015 Q2 | Feb 14 2015 | $618.50 | $33.52 | 18.5x | -5% |
| FY2015 Q1 | Nov 22 2014 | $569.21 | $32.64 | 17.4x | -11% |
| FY2014 Q4 | Aug 30 2014 | $538.84 | $31.66 | 17.0x | -13% |
| FY2014 Q3 | May 10 2014 | $535.92 | $30.80 | 17.4x | -11% |
| FY2014 Q2 | Feb 15 2014 | $539.08 | $29.61 | 18.2x | -7% |
| FY2014 Q1 | Nov 23 2013 | $467.69 | $28.76 | 16.3x | -17% |
| FY2013 Q4 | Aug 31 2013 | $419.94 | $27.88 | 15.1x | -23% |
| FY2013 Q3 | May 04 2013 | $411.11 | $25.92 | 15.9x | -19% |
| FY2013 Q2 | Feb 09 2013 | $385.89 | $24.93 | 15.5x | -21% |
| FY2013 Q1 | Nov 17 2012 | $380.50 | $24.30 | 15.7x | -20% |
| FY2012 Q4 | Aug 25 2012 | $365.08 | $23.57 | 15.5x | -21% |
| FY2012 Q3 | May 05 2012 | $389.43 | $22.29 | 17.5x | -11% |
| FY2012 Q2 | Feb 11 2012 | $354.10 | $21.30 | 16.6x | -15% |
| FY2012 Q1 | Nov 19 2011 | $329.40 | $20.49 | 16.1x | -18% |
| FY2011 Q4 | Aug 27 2011 | $301.30 | $19.58 | 15.4x | -21% |
| FY2011 Q3 | May 07 2011 | $281.56 | $18.06 | 15.6x | -20% |
| FY2011 Q2 | Feb 12 2011 | $260.88 | $16.89 | 15.4x | -21% |
| FY2011 Q1 | Nov 20 2010 | $251.20 | $16.01 | 15.7x | -20% |
| FY2010 Q4 | Aug 28 2010 | $214.65 | $15.06 | 14.3x | -27% |
| FY2010 Q3 | May 08 2010 | $176.08 | $14.05 | 12.5x | -36% |
| FY2010 Q2 | Feb 13 2010 | $160.85 | $13.06 | 12.3x | -37% |
| FY2010 Q1 | Nov 21 2009 | $147.42 | $12.63 | 11.7x | -40% |
| FY2009 Q4 | Aug 29 2009 | $148.45 | $12.04 | 12.3x | -37% |
| FY2009 Q3 | May 09 2009 | $157.47 | $11.53 | 13.7x | -30% |
| FY2009 Q2 | Feb 14 2009 | $136.70 | $10.89 | 12.6x | -36% |
| FY2009 Q1 | Nov 22 2008 | $92.41 | $10.53 | 8.8x | -55% |
| FY2008 Q4 | Aug 30 2008 | $137.23 | $10.32 | 13.3x | -32% |
| FY2008 Q3 | May 03 2008 | $123.90 | $9.50 | 13.0x | -33% |
| FY2008 Q2 | Feb 09 2008 | $115.62 | $9.18 | 12.6x | -35% |
| FY2008 Q1 | Nov 17 2007 | $111.64 | $8.96 | 12.5x | -36% |
| FY2007 Q4 | Aug 25 2007 | $123.26 | $8.67 | 14.2x | -27% |
| FY2007 Q3 | May 05 2007 | $132.30 | $8.32 | 15.9x | -19% |
| FY2007 Q2 | Feb 10 2007 | $125.56 | $8.04 | 15.6x | -20% |
| FY2007 Q1 | Nov 18 2006 | $114.79 | $7.84 | 14.6x | -25% |
| FY2006 Q4 | Aug 26 2006 | $87.21 | $7.59 | 11.5x | -41% |
| FY2006 Q3 | May 06 2006 | $92.70 | $7.30 | 12.7x | -35% |
| FY2006 Q2 | Feb 11 2006 | $98.05 | $7.27 | 13.5x | -31% |
| FY2006 Q1 | Nov 19 2005 | $88.10 | $7.18 | 12.3x | -37% |
| FY2005 Q4 | Aug 27 2005 | $95.45 | $7.22 | 13.2x | -32% |
| FY2005 Q3 | May 07 2005 | $84.77 | $7.13 | 11.9x | -39% |
| FY2005 Q2 | Feb 12 2005 | $94.93 | $6.95 | 13.7x | -30% |
| FY2005 Q1 | Nov 20 2004 | $86.30 | $6.83 | 12.6x | -35% |
| FY2004 Q4 | Aug 28 2004 | $75.36 | $6.66 | 11.3x | -42% |
| FY2004 Q3 | May 08 2004 | $83.50 | $6.36 | 13.1x | -33% |
| FY2004 Q2 | Feb 14 2004 | $88.84 | $5.98 | 14.9x | -24% |
| FY2004 Q1 | Nov 22 2003 | $92.95 | $5.73 | 16.2x | -17% |
| FY2003 Q4 | Aug 30 2003 | $91.80 | $5.42 | 16.9x | -13% |
| FY2003 Q3 | May 10 2003 | $86.85 | $4.89 | 17.8x | -9% |
| FY2003 Q2 | Feb 15 2003 | $65.70 | $4.55 | 14.4x | -26% |
| FY2003 Q1 | Nov 23 2002 | $85.32 | $4.34 | 19.7x | +1% |
| FY2002 Q4 | Aug 31 2002 | $72.35 | $4.06 | 17.8x | -9% |
| FY2002 Q3 | May 04 2002 | $75.50 | $2.54 | 29.7x | +52% |
| FY2002 Q2 | Feb 09 2002 | $65.18 | $2.14 | 30.5x | +56% |
| FY2002 Q1 | Nov 17 2001 | $64.80 | $1.84 | 35.2x | +80% |
| FY2001 Q4 | Aug 25 2001 | $47.50 | $1.54 | 30.8x | +58% |
| FY2001 Q3 | May 05 2001 | $31.00 | $2.20 | 14.1x | -28% |
| FY2001 Q2 | Feb 10 2001 | $24.77 | $2.14 | 11.6x | -41% |
| FY2001 Q1 | Nov 18 2000 | $27.00 | $2.14 | 12.6x | -35% |
| FY2000 Q4 | Aug 26 2000 | $22.00 | $2.08 | 10.6x | -46% |
| FY2000 Q3 | May 06 2000 | $21.94 | $1.88 | 11.7x | -40% |
| FY2000 Q2 | Feb 12 2000 | $23.25 | $1.77 | 13.1x | -33% |
| FY2000 Q1 | Nov 20 1999 | $28.88 | $1.73 | 16.7x | -15% |
| FY1999 Q4 | Aug 28 1999 | $24.00 | $1.67 | 14.4x | -26% |
| FY1999 Q3 | May 08 1999 | $30.88 | $1.58 | 19.5x | +0% |
| FY1999 Q2 | Feb 13 1999 | $34.50 | $1.54 | 22.4x | +15% |
| FY1999 Q1 | Nov 21 1998 | $29.50 | $1.52 | 19.4x | -1% |
| FY1998 Q4 | Aug 29 1998 | $27.00 | $1.49 | 18.1x | -7% |
| FY1998 Q3 | May 09 1998 | $29.56 | $1.41 | 21.0x | +7% |
| FY1998 Q2 | Feb 14 1998 | $29.88 | $1.36 | 22.0x | +13% |
| FY1998 Q1 | Nov 22 1997 | $29.75 | $1.33 | 22.4x | +15% |
| FY1997 Q4 | Aug 30 1997 | $28.25 | $1.27 | 22.2x | +14% |
| FY1997 Q3 | May 10 1997 | $23.00 | $1.33 | 17.3x | -11% |
| FY1997 Q2 | Feb 15 1997 | $24.13 | $1.28 | 18.8x | -3% |
| FY1997 Q1 | Nov 23 1996 | $24.75 | $1.27 | 19.5x | -0% |
| FY1996 Q4 | Aug 31 1996 | $27.25 | $1.25 | 21.8x | +12% |
| FY1996 Q3 | May 04 1996 | $36.50 | $1.02 | 35.8x | +83% |
| FY1996 Q2 | - | $25.75 | $0.99 | 26.0x | +33% |
| FY1996 Q1 | - | $29.13 | $0.97 | 30.0x | +54% |
| FY1995 Q4 | - | $26.88 | $0.93 | 28.9x | +48% |
| FY1995 Q3 | May 31 1995 | $23.25 | $0.88 | 26.4x | +35% |
| FY1995 Q2 | - | $26.50 | $0.85 | 31.2x | +60% |
| FY1995 Q1 | Nov 30 1994 | $25.63 | $0.83 | 30.9x | +58% |
| FY1994 Q4 | Aug 31 1994 | $24.88 | $0.79 | 31.5x | +61% |
| FY1994 Q3 | - | $27.25 | $0.71 | 38.4x | +97% |
| FY1994 Q2 | Feb 28 1994 | $28.25 | $0.66 | 42.8x | +119% |
| FY1994 Q1 | - | $27.81 | $0.63 | 44.1x | +126% |
| FY1993 Q4 | - | $26.81 | $0.60 | 44.7x | +129% |
| FY1993 Q3 | May 31 1993 | $23.63 | $0.55 | 43.0x | +120% |
| FY1993 Q2 | Feb 28 1993 | $18.88 | $0.51 | 37.0x | +90% |
| FY1993 Q1 | Nov 30 1992 | $19.38 | $0.48 | 40.4x | +107% |
| FY1992 Q4 | Aug 31 1992 | $14.50 | $0.45 | 32.2x | +65% |
| FY1992 Q3 | May 31 1992 | $17.56 | $0.42 | 41.8x | +114% |
Average P/E for displayed period: 19.5x
Full Stock Analysis
Deep dive into AZO consensus models and risk factors.
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
34+ years return with dividends reinvested.
DCA Calculator
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Peer Comparison
Compare growth, multiples, and margins vs sector.
AZO — Frequently Asked Questions
Quick answers to the most common questions about buying AZO stock.
What is AZO's P/E ratio?
AutoZone, Inc. (AZO) trailing twelve-month P/E ratio is 21.2x, based on TTM diluted EPS of $147.05. The 5-year average P/E is 21.2x and the historical range spans 16.2x to 29.0x.
Is AZO stock overvalued or undervalued?
AZO trades at 21.2x P/E, near its 5-year average of 21.2x. The 60th percentile ranking within the 16.2x–29.0x historical range places valuation within normal bounds.
Is AZO stock expensive?
AZO is fairly valued relative to its own history. The current P/E of 21.2x is near the 5-year average of 21.2x (60th percentile of historical range).
What is AZO's historical P/E range?
Over the past 5 years, AZO's P/E ratio has ranged from 16.2x to 29.0x, with a median of 20.7x and an average of 21.2x. The current P/E of 21.2x places the stock at the 60th percentile of this range. Full historical data spans 1992–2026.
How does AZO's P/E compare to the S&P 500?
AZO trades at 21.2x P/E versus the S&P 500 median of 24.4x. The 13% discount to the market suggests lower growth expectations or perceived higher risk.
How does AZO's valuation compare to Consumer Cyclical peers?
AutoZone, Inc. P/E of 21.2x compares to the Consumer Cyclical sector median of 21.2x. The discount suggests lower growth expectations, weaker margins, or higher perceived risk relative to peers. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is AZO's PEG ratio?
AZO PEG ratio is 1.41, based on a P/E of 21.2x and EPS growth of -3.1%. A PEG between 1 and 2 suggests valuation aligns with growth expectations — typically considered fair.
What is AZO's earnings yield?
AZO earnings yield is 4.73%, the inverse of its 21.2x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.