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

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, AutoZone Inc's enterprise value is $26,170 Mil. AutoZone Inc's operating income for the trailing twelve months (TTM) ended in Feb. 2015 was $1,879 Mil. Therefore, AutoZone Inc's EV/EBIT ratio for today is 13.93.

AZO' s 10-Year EV/EBIT Range
Min: 6.8   Max: 14
Current: 13.97

6.8
14

During the past 13 years, the highest EV/EBIT Ratio of AutoZone Inc was 14.00. The lowest was 6.80. And the median was 9.90.

AZO's EV/EBITis ranked higher than
80% of the 1365 Companies
in the Global Specialty Retail industry.

( Industry Median: 18.90 vs. AZO: 13.97 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). AutoZone Inc's enterprise value for the quarter that ended in Feb. 2015 was $24,798 Mil. AutoZone Inc's Operating Income for the trailing twelve months (TTM) ended in Feb. 2015 was $1,879 Mil. AutoZone Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Feb. 2015 was 7.58%.


Definition

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

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=26169.964/1878.984
=13.93

AutoZone Inc's current Enterprise Value is $26,170 Mil.
AutoZone Inc's Operating Income for the trailing twelve months (TTM) ended in Feb. 2015 was 478.952 (May. 2014 ) + 630.201 (Aug. 2014 ) + 408.562 (Nov. 2014 ) + 361.269 (Feb. 2015 ) = $1,879 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. 2015 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Feb. 2015 )=Operating Income (TTM)/Enterprise Value (Q: Feb. 2015 )
=1878.984/24798.253
=7.58 %

AutoZone Inc's Enterprise Value for the quarter that ended in Feb. 2015 was $24,798 Mil.
AutoZone Inc's Operating Income for the trailing twelve months (TTM) ended in Feb. 2015 was 478.952 (May. 2014 ) + 630.201 (Aug. 2014 ) + 408.562 (Nov. 2014 ) + 361.269 (Feb. 2015 ) = $1,879 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

Aug05Aug06Aug07Aug08Aug09Aug10Aug11Aug12Aug13Aug14
ev2ebit 9.258.129.239.518.609.3010.4110.4710.4011.81

AutoZone Inc Quarterly Data

Nov12Feb13May13Aug13Nov13Feb14May14Aug14Nov14Feb15
ev2ebit 10.7210.5510.8210.4010.9312.2111.7611.8112.230.00
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