AutoZone, Inc. (AZO) P/E Ratio History
Historical price-to-earnings valuation from 1992 to 2026
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AZO Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 6, 2026, AutoZone, Inc. (AZO) trades at a price-to-earnings ratio of 24.4x, with a stock price of $3541.79 and trailing twelve-month earnings per share of $144.08.
The current P/E is 21% above its 5-year average of 20.2x. Over the past five years, AZO's P/E has ranged from a low of 14.5x to a high of 29.0x, placing the current valuation at the 85th percentile of its historical range.
Compared to the Consumer Cyclical sector median P/E of 19.6x, AZO trades at a 24% premium to its sector peers. The sector includes 302 companies with P/E ratios ranging from 0.1x to 199.0x.
The PEG ratio of 1.63 (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 25.2x. 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 P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $79B | 31.9 | 2.56 | +10% | |
| $3B | 79.5 | - | +113%Best | |
| $15B | 224.4 | - | -93% | |
| $11B | 23.9 | 1.84 | -0% | |
| $1B | 8.6Lowest | 0.11Best | -44% | |
| $14B | 80.2 | - | +13% | |
| $861M | 21.1 | - | -24% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
AZO Historical P/E Data (1992–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q1 | Sat Nov 22 2025 00:00:00 GM | $3897.88 | $143.40 | 27.2x | +40% |
| FY2025 Q4 | Sat Aug 30 2025 00:00:00 GM | $4198.53 | $144.88 | 29.0x | +49% |
| FY2025 Q3 | Sat May 10 2025 00:00:00 GM | $3663.73 | $147.75 | 24.8x | +28% |
| FY2025 Q2 | Sat Feb 15 2025 00:00:00 GM | $3458.55 | $149.08 | 23.2x | +19% |
| FY2025 Q1 | Sat Nov 23 2024 00:00:00 GM | $3099.38 | $149.68 | 20.7x | +7% |
| FY2024 Q4 | Sat Aug 31 2024 00:00:00 GM | $3181.48 | $149.71 | 21.3x | +9% |
| FY2024 Q3 | Sat May 04 2024 00:00:00 GM | $2952.20 | $144.59 | 20.4x | +5% |
| FY2024 Q2 | Sat Feb 10 2024 00:00:00 GM | $2680.00 | $142.02 | 18.9x | -3% |
| FY2024 Q1 | Sat Nov 18 2023 00:00:00 GM | $2627.05 | $137.77 | 19.1x | -2% |
| FY2023 Q4 | Sat Aug 26 2023 00:00:00 GM | $2453.40 | $132.67 | 18.5x | -5% |
| FY2023 Q3 | Sat May 06 2023 00:00:00 GM | $2691.58 | $126.72 | 21.2x | +9% |
| FY2023 Q2 | Sat Feb 11 2023 00:00:00 GM | $2513.69 | $121.63 | 20.7x | +6% |
Average P/E for displayed period: 19.4x
Full AZO Stock Analysis
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Start ComparisonAZO — Frequently Asked Questions
Quick answers to the most common questions about buying AZO stock.
Is AZO stock overvalued or undervalued?
AZO trades at 24.4x P/E, above its 5-year average of 20.2x. The 85th percentile ranking indicates a premium to historical valuation.
How does AZO's valuation compare to peers?
AutoZone, Inc. P/E of 24.4x compares to sector median of 19.6x. The premium reflects expected growth above peers.
What is AZO's PEG ratio?
AZO PEG ratio is 1.63. Between 1-2 suggests valuation aligns with growth. Historical P/E data spans 1992-2026.