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AutoZone Inc (NYSE:AZO)
EV/EBIT
12.20 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, AutoZone Inc's enterprise value is $21,332 Mil. AutoZone Inc's operating income for the trailing twelve months (TTM) ended in Feb. 2014 was $1,813 Mil. Therefore, AutoZone Inc's EV/EBIT ratio for today is 12.20.

AZO' s 10-Year EV/EBIT Range
Min: 6.8   Max: 12.5
Current: 12.2

6.8
12.5

During the past 13 years, the highest EV/EBIT Ratio of AutoZone Inc was 12.50. The lowest was 6.80. And the median was 9.80.

AZO's EV/EBITis ranked higher than
65% of the 965 Companies
in the Global Specialty Retail industry.

( Industry Median: 13.30 vs. AZO: 12.20 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). AutoZone Inc's enterprise value for the quarter that ended in Feb. 2014 was $22,026 Mil. AutoZone Inc's Operating Income for the trailing twelve months (TTM) ended in Feb. 2014 was $1,813 Mil. AutoZone Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Feb. 2014 was 8.23%.


Definition

AutoZone Inc's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=21331.887/1813.32
=11.76

AutoZone Inc's current Enterprise Value is $21,332 Mil.
AutoZone Inc's Operating Income for the trailing twelve months (TTM) ended in Feb. 2014 was 456.03 (May. 2013 ) + 636.22 (Aug. 2013 ) + 383.726 (Nov. 2013 ) + 337.344 (Feb. 2014 ) = $1,813 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Explanation

This is a more accurate valuation of companies' operation because it consider the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt).

AutoZone Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Feb. 2014 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Feb. 2014 )=Operating Income (TTM)/Enterprise Value (Q: Feb. 2014 )
=1813.32/22025.513
=8.23 %

AutoZone Inc's Enterprise Value for the quarter that ended in Feb. 2014 was $22,026 Mil.
AutoZone Inc's Operating Income for the trailing twelve months (TTM) ended in Feb. 2014 was 456.03 (May. 2013 ) + 636.22 (Aug. 2013 ) + 383.726 (Nov. 2013 ) + 337.344 (Feb. 2014 ) = $1,813 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Related Terms

Enterprise Value, Operating Income, Earnings Yield (Joel Greenblatt)


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

AutoZone Inc Annual Data

Aug04Aug05Aug06Aug07Aug08Aug09Aug10Aug11Aug12Aug13
ev2ebit 7.719.258.129.239.518.609.3010.4110.4710.40

AutoZone Inc Quarterly Data

Nov11Feb12May12Aug12Nov12Feb13May13Aug13Nov13Feb14
ev2ebit 10.5711.5211.2910.4710.7210.5510.8210.4011.0112.15
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