Start with its own history
At 21.77×, AZO is 20.9% above its 10-observation annual average. A lower multiple can reflect a lower price, higher earnings, or weaker growth expectations—not necessarily a bargain.
NYSE · AZOSpecialty RetailUpdated Nov 5, 2026
AutoZone, Inc. P/E ratio
Current valuation, historical context, and peer comparisons.
Current P/E ratio
21.77×
20.9% abovethe 10-year annual average
Share price3,325.56
÷Earnings per share152.79
Price and EPS in quote currency. Calculation details
Investors are paying 21.77 for every 1 of reported earnings per share.
P/E over time
2017 – 2026
Annual P/ESelected-period average 18.00×
3-year average22.62×3 positive annual observations
5-year average20.75×5 positive annual observations
10-year average18.00×10 positive annual observations
Peer median · TTM32.29×4 peers with positive P/E
Historical P/E ratios
Annual period-end data · 25 observations
| Period end | P/E | Change |
|---|---|---|
| Aug 29, 2026 | 18.97× | -32.8% |
| Aug 30, 2025 | 28.22× | +36.4% |
| Aug 31, 2024 | 20.68× | +15.2% |
| Aug 26, 2023 | 17.96× | +0.3% |
| Aug 27, 2022 | 17.90× | +12.8% |
| Aug 28, 2021 | 15.87× | -1.8% |
| Aug 29, 2020 | 16.15× | -5.0% |
| Aug 31, 2019 | 17.01× | +9.5% |
View all 25 annual observations +
| Period end | P/E | Change |
|---|---|---|
| Aug 25, 2018 | 15.54× | +32.3% |
| Aug 26, 2017 | 11.74× | -35.3% |
| Aug 27, 2016 | 18.15× | -8.2% |
| Aug 29, 2015 | 19.76× | +17.9% |
| Aug 30, 2014 | 16.75× | +12.8% |
| Aug 31, 2013 | 14.85× | -2.2% |
| Aug 25, 2012 | 15.19× | +0.4% |
| Aug 27, 2011 | 15.13× | +7.4% |
| Aug 28, 2010 | 14.09× | +12.9% |
| Aug 29, 2009 | 12.49× | -7.7% |
| Aug 30, 2008 | 13.53× | -5.4% |
| Aug 25, 2007 | 14.30× | +24.1% |
| Aug 26, 2006 | 11.52× | -12.3% |
| Aug 27, 2005 | 13.13× | +23.9% |
| Aug 28, 2004 | 10.60× | -32.7% |
| Aug 30, 2003 | 15.75× | -10.8% |
| Aug 31, 2002 | 17.65× | N/M |
Change is relative to the preceding observation. N/M values are excluded from averages.
How AZO compares
Company P/E vs. peer trailing-12-month ratios
| Company | P/E ratio |
|---|---|
 AZO This stockAutoZone, Inc. | 21.77× |
 ORLYO'Reilly Automotive, Inc. | 28.15× |
 AAPAdvance Auto Parts, Inc. | 36.42× |
 GPCGenuine Parts Company | 486.15× |
 DORMDorman Products, Inc. | 21.07× |
Peers are selected by the data provider. Business models and earnings definitions can differ.
Put the numbers in context
What does AZO’s P/E tell you?
Compare like with like
The median of the 4 positive peer ratios above is 32.29×. Check growth, margins, debt, and earnings quality before interpreting the gap. A faster-growing business may justify a higher multiple.
Check what drives earnings
One-off gains can temporarily lower P/E; unusual charges can raise it. Reported earnings and forward estimates answer different questions. Pair this view with return on equity and liquidity for a fuller picture.
Keep your research connected
Take AZO into your spreadsheet
Pull historical P/E into Excel or Google Sheets with Wisesheets. Build your own comparisons alongside the rest of your financial model.
Explore WisesheetsQuarterly P/E · latest quarterLQ selects the latest reported quarter. Requires the Wisesheets add-in. See available data
=WISE("AZO", "PE Ratio", "LQ")Sources & calculation methodology
Current P/E
Share price 3,325.56 ÷ EPS 152.79 = 21.77×. Data is supplied by Financial Modeling Prep through Wisesheets. Quote feed updated Nov 5, 2026; this is not a real-time trading quote.
History & averages
Annual and quarterly P/E observations are provided separately from the current quote. Averages use the latest 3, 5, or 10 annual observations, excluding missing and nonpositive ratios. Pre-IPO observations are omitted. These are period-end observations, not daily averages.
Data definitions and limitations
The current quote feed does not specify the exact EPS filing-period end or whether EPS is basic or diluted. We do not label it as forward P/E. Peer ratios are explicitly trailing-12-month (TTM) values. Historical observations do not include independently verified price and EPS inputs. Sources may update on different schedules; rounded inputs can produce small calculation differences. Historical comparisons describe past pricing, not an estimate of fair value.
AZO P/E ratio: common questions
The essentials behind the numbers.
AutoZone, Inc.'s current P/E is 21.77× based on the quote data last updated Nov 5, 2026. It represents the share price divided by reported earnings per share. Prices and earnings may refresh on different schedules.
Annual P/E uses earnings for a completed fiscal year. Trailing-12-month (TTM) P/E uses the latest four quarters, while forward P/E uses forecast earnings. These are not interchangeable. This page labels peer ratios as TTM and shows dated annual or quarterly historical observations; it does not show forward estimates.
N/M means not meaningful: the feed has no positive P/E for that observation. Negative or zero earnings should not be ranked as a low positive valuation multiple. N/M observations are excluded from the averages shown above.
Divide the share price by earnings per share (EPS). For example, a share price of 100 and EPS of 5 gives a P/E of 20×. This page uses the price and EPS supplied together in the quote when both are positive.
Price timestamps, EPS definitions, share classes, adjustments, and fiscal periods can differ. A forward P/E also uses forecast earnings rather than reported earnings. Compare the inputs and as-of dates before comparing two displayed ratios.
Not necessarily. The average describes previous market pricing, not fair value. Changes in earnings quality, growth expectations, debt, accounting, and business risk can justify a different multiple today.