Price to Earnings (P/E)
since 2005
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AutoZone Inc. pages available for free this week:
- Balance Sheet: Assets
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Capital Asset Pricing Model (CAPM)
- Dividend Discount Model (DDM)
- Present Value of Free Cash Flow to Equity (FCFE)
- Selected Financial Data since 2005
- Operating Profit Margin since 2005
- Analysis of Revenues
- Aggregate Accruals
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Calculation
AutoZone Inc., P/E, long-term trends, calculation
| P/E | = | Share price1, 2, 3 | ÷ | Earnings per share1 (EPS) | EPS1 | = | Net income1 (in thousands) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Oct 24, 2023 | = | ÷ | = | ÷ | |||||||
| Oct 24, 2022 | = | ÷ | = | ÷ | |||||||
| Oct 25, 2021 | = | ÷ | = | ÷ | |||||||
| Oct 26, 2020 | = | ÷ | = | ÷ | |||||||
| Oct 28, 2019 | = | ÷ | = | ÷ | |||||||
| Oct 24, 2018 | = | ÷ | = | ÷ | |||||||
| Oct 25, 2017 | = | ÷ | = | ÷ | |||||||
| Oct 24, 2016 | = | ÷ | = | ÷ | |||||||
| Oct 26, 2015 | = | ÷ | = | ÷ | |||||||
| Oct 27, 2014 | = | ÷ | = | ÷ | |||||||
| Oct 28, 2013 | = | ÷ | = | ÷ | |||||||
| Oct 22, 2012 | = | ÷ | = | ÷ | |||||||
| Oct 24, 2011 | = | ÷ | = | ÷ | |||||||
| Oct 25, 2010 | = | ÷ | = | ÷ | |||||||
| Oct 26, 2009 | = | ÷ | = | ÷ | |||||||
| Oct 27, 2008 | = | ÷ | = | ÷ | |||||||
| Oct 22, 2007 | = | ÷ | = | ÷ | |||||||
| Oct 25, 2006 | = | ÷ | = | ÷ | |||||||
| Oct 26, 2005 | = | ÷ | = | ÷ |
Based on: 10-K (reporting date: 2023-08-26), 10-K (reporting date: 2022-08-27), 10-K (reporting date: 2021-08-28), 10-K (reporting date: 2020-08-29), 10-K (reporting date: 2019-08-31), 10-K (reporting date: 2018-08-25), 10-K (reporting date: 2017-08-26), 10-K (reporting date: 2016-08-27), 10-K (reporting date: 2015-08-29), 10-K (reporting date: 2014-08-30), 10-K (reporting date: 2013-08-31), 10-K (reporting date: 2012-08-25), 10-K (reporting date: 2011-08-27), 10-K (reporting date: 2010-08-28), 10-K (reporting date: 2009-08-29), 10-K (reporting date: 2008-08-30), 10-K (reporting date: 2007-08-25), 10-K (reporting date: 2006-08-26), 10-K (reporting date: 2005-08-27).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of AutoZone Inc. Annual Report.
- Share Price Trend
- The share price exhibits a generally upward trajectory over the analyzed period, increasing from $79.50 in 2005 to $2,416.54 in 2023. There are periods of marked acceleration, particularly from 2009 onward, with notable surges between 2014 and 2015 and again from 2018 to 2021. The data also indicates some volatility, including a decrease from $768.07 in 2015 to $587.40 in 2017, followed by recovery and further growth.
- Earnings Per Share (EPS) Trend
- EPS shows consistent growth throughout the timeline, beginning at $7.45 in 2005 and rising significantly to $142.98 by 2023. Growth in EPS appears steady and substantial, indicating continuous improvement in profitability on a per-share basis. This improvement correlates with the increasing share price, reflecting enhanced underlying financial performance.
- Price-to-Earnings (P/E) Ratio Trend
- The P/E ratio displays fluctuations without a clear unidirectional trend. Starting at 10.67 in 2005, it peaks multiple times, reaching highs of 20.18 in 2015 and 18.81 in 2022. Periodic declines occur, such as drops to 9.30 in 2008 and 12.61 in 2017. This variability indicates alternating market sentiment and valuation adjustments relative to earnings growth. Despite EPS growth, the rising share price has not always led to proportional increases in P/E ratio.
- Overall Insights
- The analysis reflects strong earnings growth supporting a substantial increase in market valuation over the years. The share price and EPS trends are positively correlated, signifying investor confidence aligned with improving profitability. The fluctuating P/E ratio suggests market valuation has been influenced by external factors and investor expectations beyond the earnings trend alone. Periods of share price correction correspond with lower P/E ratios, indicating valuation contractions during times of market adjustments or increased risk perception.
Comparison to Competitors
AutoZone Inc., P/E, long-term trends, comparison to competitors
| AutoZone Inc. | Amazon.com Inc. | Home Depot Inc. | Lowe’s Cos. Inc. | TJX Cos. Inc. | |
|---|---|---|---|---|---|
| Oct 24, 2023 | |||||
| Oct 24, 2022 | |||||
| Oct 25, 2021 | |||||
| Oct 26, 2020 | |||||
| Oct 28, 2019 | |||||
| Oct 24, 2018 | |||||
| Oct 25, 2017 | |||||
| Oct 24, 2016 | |||||
| Oct 26, 2015 | |||||
| Oct 27, 2014 | |||||
| Oct 28, 2013 | |||||
| Oct 22, 2012 | |||||
| Oct 24, 2011 | |||||
| Oct 25, 2010 | |||||
| Oct 26, 2009 | |||||
| Oct 27, 2008 | |||||
| Oct 22, 2007 | |||||
| Oct 25, 2006 | |||||
| Oct 26, 2005 |
Based on: 10-K (reporting date: 2023-08-26), 10-K (reporting date: 2022-08-27), 10-K (reporting date: 2021-08-28), 10-K (reporting date: 2020-08-29), 10-K (reporting date: 2019-08-31), 10-K (reporting date: 2018-08-25), 10-K (reporting date: 2017-08-26), 10-K (reporting date: 2016-08-27), 10-K (reporting date: 2015-08-29), 10-K (reporting date: 2014-08-30), 10-K (reporting date: 2013-08-31), 10-K (reporting date: 2012-08-25), 10-K (reporting date: 2011-08-27), 10-K (reporting date: 2010-08-28), 10-K (reporting date: 2009-08-29), 10-K (reporting date: 2008-08-30), 10-K (reporting date: 2007-08-25), 10-K (reporting date: 2006-08-26), 10-K (reporting date: 2005-08-27).
Comparison to Sector (Consumer Discretionary Distribution & Retail)
AutoZone Inc., P/E, long-term trends, comparison to sector (consumer discretionary distribution & retail)
| AutoZone Inc. | Consumer Discretionary Distribution & Retail | |
|---|---|---|
| Oct 24, 2023 | ||
| Oct 24, 2022 | ||
| Oct 25, 2021 | ||
| Oct 26, 2020 | ||
| Oct 28, 2019 | ||
| Oct 24, 2018 | ||
| Oct 25, 2017 | ||
| Oct 24, 2016 | ||
| Oct 26, 2015 | ||
| Oct 27, 2014 | ||
| Oct 28, 2013 | ||
| Oct 22, 2012 | ||
| Oct 24, 2011 | ||
| Oct 25, 2010 | ||
| Oct 26, 2009 | ||
| Oct 27, 2008 | ||
| Oct 22, 2007 | ||
| Oct 25, 2006 | ||
| Oct 26, 2005 |
Based on: 10-K (reporting date: 2023-08-26), 10-K (reporting date: 2022-08-27), 10-K (reporting date: 2021-08-28), 10-K (reporting date: 2020-08-29), 10-K (reporting date: 2019-08-31), 10-K (reporting date: 2018-08-25), 10-K (reporting date: 2017-08-26), 10-K (reporting date: 2016-08-27), 10-K (reporting date: 2015-08-29), 10-K (reporting date: 2014-08-30), 10-K (reporting date: 2013-08-31), 10-K (reporting date: 2012-08-25), 10-K (reporting date: 2011-08-27), 10-K (reporting date: 2010-08-28), 10-K (reporting date: 2009-08-29), 10-K (reporting date: 2008-08-30), 10-K (reporting date: 2007-08-25), 10-K (reporting date: 2006-08-26), 10-K (reporting date: 2005-08-27).
Comparison to Industry (Consumer Discretionary)
AutoZone Inc., P/E, long-term trends, comparison to industry (consumer discretionary)
| AutoZone Inc. | Consumer Discretionary | |
|---|---|---|
| Oct 24, 2023 | ||
| Oct 24, 2022 | ||
| Oct 25, 2021 | ||
| Oct 26, 2020 | ||
| Oct 28, 2019 | ||
| Oct 24, 2018 | ||
| Oct 25, 2017 | ||
| Oct 24, 2016 | ||
| Oct 26, 2015 | ||
| Oct 27, 2014 | ||
| Oct 28, 2013 | ||
| Oct 22, 2012 | ||
| Oct 24, 2011 | ||
| Oct 25, 2010 | ||
| Oct 26, 2009 | ||
| Oct 27, 2008 | ||
| Oct 22, 2007 | ||
| Oct 25, 2006 | ||
| Oct 26, 2005 |
Based on: 10-K (reporting date: 2023-08-26), 10-K (reporting date: 2022-08-27), 10-K (reporting date: 2021-08-28), 10-K (reporting date: 2020-08-29), 10-K (reporting date: 2019-08-31), 10-K (reporting date: 2018-08-25), 10-K (reporting date: 2017-08-26), 10-K (reporting date: 2016-08-27), 10-K (reporting date: 2015-08-29), 10-K (reporting date: 2014-08-30), 10-K (reporting date: 2013-08-31), 10-K (reporting date: 2012-08-25), 10-K (reporting date: 2011-08-27), 10-K (reporting date: 2010-08-28), 10-K (reporting date: 2009-08-29), 10-K (reporting date: 2008-08-30), 10-K (reporting date: 2007-08-25), 10-K (reporting date: 2006-08-26), 10-K (reporting date: 2005-08-27).