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AutoZone (AutoZone) Cyclically Adjusted PS Ratio : 4.76 (As of Apr. 27, 2024)


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What is AutoZone Cyclically Adjusted PS Ratio?

As of today (2024-04-27), AutoZone's current share price is $2945.98. AutoZone's Cyclically Adjusted Revenue per Share for the quarter that ended in Feb. 2024 was $618.64. AutoZone's Cyclically Adjusted PS Ratio for today is 4.76.

The historical rank and industry rank for AutoZone's Cyclically Adjusted PS Ratio or its related term are showing as below:

AZO' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.09   Med: 3.51   Max: 5.24
Current: 4.76

During the past years, AutoZone's highest Cyclically Adjusted PS Ratio was 5.24. The lowest was 2.09. And the median was 3.51.

AZO's Cyclically Adjusted PS Ratio is ranked worse than
95.88% of 752 companies
in the Retail - Cyclical industry
Industry Median: 0.48 vs AZO: 4.76

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

AutoZone's adjusted revenue per share data for the three months ended in Feb. 2024 was $216.464. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is $618.64 for the trailing ten years ended in Feb. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


AutoZone Cyclically Adjusted PS Ratio Historical Data

The historical data trend for AutoZone's Cyclically Adjusted PS Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

AutoZone Cyclically Adjusted PS Ratio Chart

AutoZone Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.42 3.31 3.66 4.14 4.29

AutoZone Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.56 4.22 4.29 4.31 4.86

Competitive Comparison of AutoZone's Cyclically Adjusted PS Ratio

For the Specialty Retail subindustry, AutoZone's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


AutoZone's Cyclically Adjusted PS Ratio Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, AutoZone's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where AutoZone's Cyclically Adjusted PS Ratio falls into.



AutoZone Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

AutoZone's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=2945.98/618.64
=4.76

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

AutoZone's Cyclically Adjusted Revenue per Share for the quarter that ended in Feb. 2024 is calculated as:

For example, AutoZone's adjusted Revenue per Share data for the three months ended in Feb. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Feb. 2024 (Change)*Current CPI (Feb. 2024)
=216.464/129.4194*129.4194
=216.464

Current CPI (Feb. 2024) = 129.4194.

AutoZone Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201405 69.449 100.373 89.547
201408 92.761 100.352 119.629
201411 68.993 99.635 89.618
201502 65.877 99.032 86.091
201505 77.181 100.333 99.556
201508 105.387 100.548 135.648
201511 76.628 100.135 99.038
201602 73.338 100.040 94.876
201605 85.304 101.355 108.924
201608 114.695 101.617 146.076
201611 83.084 101.829 105.595
201702 78.024 102.779 98.248
201705 90.295 103.256 113.175
201708 124.503 103.587 155.551
201711 92.153 104.072 114.597
201802 86.544 105.052 106.618
201805 97.338 106.148 118.678
201808 134.858 106.383 164.060
201811 101.227 106.338 123.200
201902 95.565 106.649 115.969
201905 109.593 108.048 131.270
201908 160.442 108.245 191.828
201911 114.034 108.519 135.997
202002 104.042 109.139 123.375
202005 116.640 108.175 139.546
202008 190.272 109.662 224.552
202011 132.655 109.793 156.368
202102 125.640 110.968 146.530
202105 162.160 113.576 184.780
202108 226.074 115.421 253.493
202111 169.786 117.269 187.377
202202 159.266 119.703 172.194
202205 189.342 123.323 198.702
202208 270.775 124.958 280.443
202211 202.854 125.607 209.010
202302 190.877 126.928 194.624
202305 215.484 128.314 217.340
202308 308.501 129.538 308.220
202311 229.806 129.548 229.578
202402 216.464 129.419 216.464

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


AutoZone  (NYSE:AZO) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


AutoZone Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of AutoZone's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


AutoZone (AutoZone) Business Description

Address
123 South Front Street, Memphis, TN, USA, 38103
AutoZone is the premier seller of aftermarket automotive parts, tools, and accessories to do-it-yourself customers in the United States. The company derives an increasing proportion of its sales from domestic commercial customers, although its presence in its home market is still dominated by its do-it-yourself operation, which accounts for around 70% of sales in country. AutoZone also has a growing presence in Mexico and Brazil. AutoZone had 7,140 stores in the U.S. (6,300), Mexico (740), and Brazil (100) as of the end of fiscal 2023.
Executives
K. Michelle Borninkhof officer: Senior Vice President & CIO 123 FRONT STREET, MEMPHIS TN 38103
Grant E. Mcgee officer: Sr. Vice President 123 FRONT STREET, MEMPHIS TN 38103
Dennis W. Leriche officer: Sr. Vice President 123 FRONT STREET, MEMPHIS TN 38103
Domingo Hurtado officer: Sr. Vice President 123 SOUTH FRONT STREET, MEMPHIS TN 38103
Mrkonic George R Jr director C/O BORDERS GROUP INC, 100 PHOENIX DRIVE, ANN ARBOR MI 48108
Thomas B Newbern officer: Sr. Vice President 123 SOUTH FRONT STREET, DEPT. 8074, MEMPHIS TN 38103
Charles Iii Pleas officer: Vice President and Controller 123 S. FRONT STREET, DEPT. 8074, MEMPHIS TN 38103
Lindsay Lehman officer: SVP, Marketing 123 SOUTH FRONT STREET, MEMPHIS TN 38103
Preston Frazer officer: Senior Vice President 123 SOUTH FRONT ST, MEMPHIS TN 38103
Albert Saltiel officer: Sr. Vice President 123 SOUTH FRONT STREET, DEPT. 8074, MEMPHIS TN 38103
Eric S. Gould officer: Sr. Vice President 123 SOUTH FRONT STREET, MEMPHIS TN 38103
Jenna M. Bedsole officer: Sr. Vice President 123 SOUTH FRONT STREET, MEMPHIS TN 38103
William R. Hackney officer: Sr. Vice President 123 S. FRONT STREET, DEPT. 8074, MEMPHIS TN 38103
Rhodes William C Iii officer: Senior Vice President 123 SOUTH FRONT STREET, DEPT. 8074, MEMPHIS TN 38103
Philip B. Daniele officer: Sr. Vice President 123 S. FRONT STREET, DEPT. 8074, MEMPHIS TN 38103

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