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AutoZone Inc (NYSE:AZO)
Shiller PE Ratio
27.45 (As of Today)

As of today, AutoZone Inc's current share price is $692.19. AutoZone Inc's E10 for the quarter that ended in Feb. 2017 was $25.22. AutoZone Inc's Shiller P/E Ratio for today is 27.45.

AZO' s Shiller PE Ratio Range Over the Past 10 Years
Min: 15.15   Max: 38.81
Current: 27.45

15.15
38.81

During the past 13 years, AutoZone Inc's highest Shiller P/E Ratio was 38.81. The lowest was 15.15. And the median was 29.10.

AZO's Shiller PE Ratio is ranked lower than
63% of the 243 Companies
in the Global Specialty Retail industry.

( Industry Median: 20.72 vs. AZO: 27.45 )

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

AutoZone Inc's adjusted earnings per share data for the three months ended in Feb. 2017 was $8.080. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $25.22 for the trailing ten years ended in Feb. 2017.


Definition

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

AutoZone Inc's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/E10
=692.19/25.22
=27.45

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

AutoZone Inc's E10 for the fiscal year that ended in Aug16 is calculated as:

For example, AutoZone Inc's adjusted earnings per share data for the three months ended in Feb. 2017 was:

Adj_EPS=Earnigns per Share/CPI of Feb. 2017 (Change)*Current CPI (Feb. 2017)
=8.08/243.603*243.603
=8.080

Current CPI (Feb. 2017) = 243.603.

AutoZone Inc Quarterly Data

201411201502201505201508201511201602201605201608201611201702
per share eps 7.2706.5109.57012.7008.2907.43010.77014.2409.3608.080
CPI 236.151234.722237.805238.316237.336237.111240.229240.849241.353243.603
Adj_EPS 7.4996.7569.80312.9828.5097.63310.92114.4039.4478.080
201205201208201211201302201305201308201311201402201405201408
per share eps 6.2808.4005.4104.7807.27010.3506.2905.6308.46011.230
CPI 229.815230.379230.221232.166232.945233.877233.069234.781237.900237.852
Adj_EPS 6.6578.8825.7245.0157.60310.7806.5745.8428.66311.502
200911201002201005201008201011201102201105201108201111201202
per share eps 2.8202.4604.1205.6003.7703.3405.2907.1204.6804.150
CPI 216.330216.741218.178218.312218.803221.309225.964226.545226.230227.663
Adj_EPS 3.1762.7654.6006.2494.1973.6765.7037.6565.0394.441
200705200708200711200802200805200808200811200902200905200908
per share eps 2.1703.2002.0201.6702.4903.8502.2302.0303.1304.370
CPI 207.949207.917210.177211.693216.632219.086212.425212.193213.856215.834
Adj_EPS 2.5423.7492.3411.9222.8004.2812.5572.3303.5654.932

Add all the adjusted EPS together and divide 10 will get our E10.


Explanation

Compared with the regular P/E ratio, which works poorly for cyclical businesses, the Shiller P/E smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller P/E should give similar results to regular P/E.

Compared with the P/S ratio, the Shiller P/E makes the comparison between different industries more meaningful.


Be Aware

The Shiller P/E assumes that over the long term, businesses and profitability revert to their means. If a company’s business model does not work in the future compared with the past, the Shiller P/E and P/S ratio will give false valuations.


Related Terms

P/E Ratio, P/B Ratio, P/S Ratio, Price-to-Free-Cash-Flow ratio, E10


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

AutoZone Inc Annual Data

Aug07Aug08Aug09Aug10Aug11Aug12Aug13Aug14Aug15Aug16
ShillerPE 24.0622.3621.0325.2329.5329.0628.3731.1635.4231.40

AutoZone Inc Quarterly Data

Nov14Feb15May15Aug15Nov15Feb16May16Aug16Nov16Feb17
ShillerPE 32.4035.3735.3135.4237.9336.4334.1531.4031.8529.20
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