AutoZone, Inc.AZO

Where AZO's P/E ratio sits inside its own 10-year distribution, with the yearly high, low and average.

$3,190.07-10.69 (-0.33%)Previous close
NYSEConsumer Cyclical

AZO P/E ratio: current value, 10-year range and year-by-year history

20.9Historically pricey

AZO's p/e ratio is higher than 82% of the last 10 years.

P/E ratio History

Historically priceyAbove avgAround avgBelow avgHistorically cheap
AZO P/E ratio historyAZO P/E ratio from Oct 2023 to Oct 2026: low 18.3, high 30.06, latest 20.91.17.3620.7724.1827.5931Oct 23May 24Jan 25Aug 25Mar 26Oct 26med 21.92

AZO P/E ratio by year

Yearly range of AZO’s p/e ratio from 2016 to 2026. Over the full period it ranged from 11.1 to 30.1, averaging 18.9.

AZO P/E ratio — yearly low, average, high and year-end values
YearLowAverageHighYear-end
202618.322.527.220.9
202521.325.430.123.7
202418.320.722.821.4
202318.219.822.218.8
202215.719.121.620.7
202114.717.320.520.4
202011.116.519.115.5
201915.518.421.118.5
201812.315.017.816.0
201711.414.819.015.9
201617.818.719.318.9

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How much the market pays for each dollar of annual profit. P/E = Stock Price / EPS. The raw number means little — what matters is whether it's high or low relative to the company's own history.

FormulaPrice / Earnings Per Share
Full guide
How to read this chart

The chart shows five color-coded historical zones: green (below 10th percentile) means historically very cheap, fading through lime and gray (the normal 25th–75th range) to orange and red (historically expensive). When the line sits in a green or lime zone, the stock is trading at an unusually low P/E relative to its own history.

Key caveats
  • Cyclical businesses look cheapest on P/E at peak earnings — the "earnings trap." Use EV/EBITDA or normalised earnings for energy, materials, and financials.
  • A falling P/E trend may signal a business in structural decline, not a buying opportunity.

Is AZO P/E ratio High or Low Right Now?

AutoZone, Inc.'s P/E ratio is currently 20.9, which is historically pricey relative to its 10-year historical range. The 10-year median P/E ratio for AZO is approximately 18.7. See all AZO valuation metrics →

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