Stock Analysis on Net

AutoZone Inc. (NYSE:AZO)

$22.49

This company has been moved to the archive! The financial data has not been updated since December 18, 2023.

Price to Sales (P/S)
since 2005

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Calculation

AutoZone Inc., P/S, long-term trends, calculation

Microsoft Excel

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 exhibited a general upward trend over the observed period. Starting at $79.5 in 2005, it showed consistent increases with minor fluctuations, reaching a peak of $2416.54 by 2023. Notably, there was a substantial increase from 2018 onwards, with the share price more than tripling from $728.22 in 2018 to over $2400 in 2023. Some intermediate years, such as 2017 and 2018, showed a decrease, but the overall long-term trajectory was positive.
Sales per share evolution
Sales per share steadily increased every year, reflecting consistent revenue growth on a per-share basis. Starting at $74.54 in 2005, sales per share nearly doubled by 2014 to $295.73 and continued this upward trajectory to reach $987.21 by 2023. No year-over-year decrease in sales per share was observed, indicating stable and persistent expansion in sales performance.
Price-to-sales (P/S) ratio dynamics
The price-to-sales ratio fluctuated throughout the period but generally increased over time. Initial values ranged around 1.07 in 2005, with some volatility in intermediate years, such as a dip to 0.91 in 2008, possibly reflecting market conditions. From 2010 onward, the P/S ratio mostly remained above 1.4, peaking at 2.81 in 2022 before slightly decreasing to 2.45 in 2023. This rising P/S ratio suggests that the market increasingly valued each dollar of sales more highly over time, potentially reflecting growing investor confidence or improved profitability margins.
Summary of financial performance
The combined data indicate robust growth both in market valuation and underlying sales performance. The increasing sales per share suggests operational growth, while the rising share price and P/S multiples reflect heightened investor expectations. Temporary declines in share price and P/S ratio did not disrupt the long-term upward trajectory. The data imply enhanced market sentiment toward the company's prospects and an effective ability to generate revenue growth consistently.

Comparison to Competitors

AutoZone Inc., P/S, long-term trends, comparison to competitors

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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/S, long-term trends, comparison to sector (consumer discretionary distribution & retail)

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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)