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

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, AutoZone Inc's enterprise value is $27,847 Mil. AutoZone Inc's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Apr. 2016 was $2,028 Mil. Therefore, AutoZone Inc's EV/EBIT ratio for today is 13.73.

AZO' s EV/EBIT Range Over the Past 10 Years
Min: 6.8   Max: 15
Current: 13.77

6.8
15

During the past 13 years, the highest EV/EBIT Ratio of AutoZone Inc was 15.00. The lowest was 6.80. And the median was 10.60.

AZO's EV/EBIT is ranked lower than
52% of the 729 Companies
in the Global Specialty Retail industry.

( Industry Median: 13.11 vs. AZO: 13.77 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). AutoZone Inc's enterprise value for the quarter that ended in Apr. 2016 was $27,590 Mil. AutoZone Inc's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Apr. 2016 was $2,028 Mil. AutoZone Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Apr. 2016 was 7.35%.


Definition

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

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=27847.098/2027.906
=13.73

AutoZone Inc's current Enterprise Value is $27,847 Mil.
AutoZone Inc's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Apr. 2016 was 670.877 (Aug. 2015 ) + 437.995 (Nov. 2015 ) + 382.66 (Feb. 2016 ) + 536.374 (Apr. 2016 ) = $2,028 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 Apr. 2016 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Apr. 2016 )=EBIT (TTM)/Enterprise Value (Q: Apr. 2016 )
=2027.906/27590.0848
=7.35 %

AutoZone Inc's Enterprise Value for the quarter that ended in Apr. 2016 was $27,590 Mil.
AutoZone Inc's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Apr. 2016 was 670.877 (Aug. 2015 ) + 437.995 (Nov. 2015 ) + 382.66 (Feb. 2016 ) + 536.374 (Apr. 2016 ) = $2,028 Mil.

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


Related Terms

Enterprise Value, Earnings Yield (Joel Greenblatt), Earnings Before Interest and Taxes (EBIT)


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

Aug06Aug07Aug08Aug09Aug10Aug11Aug12Aug13Aug14Aug15
ev2ebit 8.099.209.038.579.2810.4010.4610.3911.7912.82

AutoZone Inc Quarterly Data

Aug14Nov14Feb15Apr15May15Aug15Nov15Feb16Apr16May16
ev2ebit 11.7912.2213.1811.1414.1412.8213.2513.9413.610.00
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