AutoZone Price Earnings Ratio from 2010 to 2024
| AZO Stock | USD 3,198 1.71 0.05% |
Price Earnings Ratio | First Reported 2010-12-31 | Previous Quarter 17.00744211 | Current Value 21.59 | Quarterly Volatility 3.91753969 |
Check AutoZone financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among AutoZone's main balance sheet or income statement drivers, such as Depreciation And Amortization of 600.8 M, Interest Expense of 369.9 M or Selling General Administrative of 6.8 B, as well as many indicators such as Price To Sales Ratio of 1.38, Dividend Yield of 0.0 or Days Sales Outstanding of 9.98. AutoZone financial statements analysis is a perfect complement when working with AutoZone Valuation or Volatility modules.
AutoZone | Price Earnings Ratio |
Latest AutoZone's Price Earnings Ratio Growth Pattern
Below is the plot of the Price Earnings Ratio of AutoZone over the last few years. It is AutoZone's Price Earnings Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in AutoZone's overall financial position and show how it may be relating to other accounts over time.
| Price Earnings Ratio | 10 Years Trend |
|
Price Earnings Ratio |
| Timeline |
AutoZone Price Earnings Ratio Regression Statistics
| Arithmetic Mean | 17.82 | |
| Geometric Mean | 17.51 | |
| Coefficient Of Variation | 21.98 | |
| Mean Deviation | 2.29 | |
| Median | 17.01 | |
| Standard Deviation | 3.92 | |
| Sample Variance | 15.35 | |
| Range | 15.3502 | |
| R-Value | (0.06) | |
| Mean Square Error | 16.46 | |
| R-Squared | 0 | |
| Significance | 0.83 | |
| Slope | (0.05) | |
| Total Sum of Squares | 214.86 |
AutoZone Price Earnings Ratio History
About AutoZone Financial Statements
AutoZone investors utilize fundamental indicators, such as Price Earnings Ratio, to predict how AutoZone Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Price Earnings Ratio | 17.01 | 21.59 |
Pair Trading with AutoZone
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if AutoZone position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in AutoZone will appreciate offsetting losses from the drop in the long position's value.Moving together with AutoZone Stock
Moving against AutoZone Stock
| 0.77 | ARHS | Arhaus Inc | PairCorr |
| 0.71 | TTSH | Tile Shop Holdings | PairCorr |
| 0.52 | OLLI | Ollies Bargain Outlet | PairCorr |
| 0.5 | ULTA | Ulta Beauty | PairCorr |
| 0.37 | WSM | Williams Sonoma | PairCorr |
The ability to find closely correlated positions to AutoZone could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AutoZone when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back AutoZone - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling AutoZone to buy it.
The correlation of AutoZone is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as AutoZone moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AutoZone moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for AutoZone can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Information and Resources on Investing in AutoZone Stock
When determining whether AutoZone offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of AutoZone's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Autozone Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Autozone Stock:Check out the analysis of AutoZone Correlation against competitors. To learn how to invest in AutoZone Stock, please use our How to Invest in AutoZone guide.You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Is Automotive Retail space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of AutoZone. If investors know AutoZone will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about AutoZone listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.117 | Earnings Share 51.47 | Revenue Per Share 1.1 K | Quarterly Revenue Growth 0.09 | Return On Assets 0.1428 |
The market value of AutoZone is measured differently than its book value, which is the value of AutoZone that is recorded on the company's balance sheet. Investors also form their own opinion of AutoZone's value that differs from its market value or its book value, called intrinsic value, which is AutoZone's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because AutoZone's market value can be influenced by many factors that don't directly affect AutoZone's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between AutoZone's value and its price as these two are different measures arrived at by different means. Investors typically determine if AutoZone is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AutoZone's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.