P/E ratio for AutoZone (AZO)
P/E ratio as of September 2023 (TTM): 20.6
According to AutoZone's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 20.5928. At the end of 2021 the company had a P/E ratio of 19.9.
P/E ratio history for AutoZone from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 19.9 | 30.77% |
| 2020 | 15.2 | |
| 2016 | 18.5 | -5.67% |
| 2015 | 19.6 | 5.22% |
| 2014 | 18.6 | 13.81% |
| 2013 | 16.4 | 14.64% |
| 2012 | 14.3 | -7.96% |
| 2011 | 15.5 | -7.33% |
| 2010 | 16.7 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Advance Auto Parts
AAP | 9.48 | -53.97% | 🇺🇸 USA |
 O'Reilly Automotive ORLY | 25.2 | 22.46% | 🇺🇸 USA |
 CarParts.com
PRTS | -31.4 | -252.41% | 🇺🇸 USA |
 Monro MNRO | 25.0 | 21.33% | 🇺🇸 USA |
 MarineMax HZO | 5.31 | -74.20% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.