AutoZoneMEX:AZO -6.29%93 PE Ratio without NRI is 19.78 as of Jul. 07, 2026, which is 6% above its 10-year median of 18.72. GuruFocus rates MEX:AZO with a GF Score™ of 93/100 and a GF Value™ of MXN65,066.43 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,020 Vehicles & Parts companies, AutoZone ranks worse than 56.86% on this metric.
The PE Ratio without NRI, or P/E Ratio without non-recurring items, is a financial ratio used to compare a company's market price to its EPS without NRI. As of today (2026-07-07), AutoZone's share price is MXN51780.00.
AutoZone's EPS without NRI for the trailing twelve months (TTM) ended in May. 2026 was MXN2,623.67. Therefore, AutoZone's PE Ratio without NRI for today is 19.78.
During the past 13 years, AutoZone's highest PE Ratio without NRI was 29.83. The lowest was 11.44. And the median was 18.72.
AutoZone's EPS without NRI for the
three
months ended in May. 2026 was MXN660.51.
Its EPS without NRI for the trailing twelve months (TTM) ended in May. 2026 was MXN2,623.67.
As of today (2026-07-07), AutoZone's share price is MXN51780.00.
AutoZone's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in May. 2026 was MXN2,623.67. Therefore, AutoZone's PE Ratio (TTM) for today is 19.78.
Good Sign:
AutoZone Inc stock PE Ratio (=20.33) is close to 3-year low of 18.44.
During the past years, AutoZone's highestPE Ratio (TTM) was 29.83. The lowest was 11.44. And the median was 18.94.
AutoZone's
EPS (Diluted) for the
three
months ended in May. 2026 was MXN660.51.
Its EPS (Diluted) for the trailing twelve months (TTM) ended in May. 2026 was MXN2,623.67.
AutoZone's EPS (Basic) for the
three
months ended in May. 2026 was MXN675.78.
Its EPS (Basic) for the trailing twelve months (TTM) ended in May. 2026 was MXN2,690.40.
AutoZone (MEX:AZO) PE Ratio without NRI Explanation
The PE Ratio can be viewed as the number of years it takes for the company to earn back the price you pay for the stock. For example, if a company earns $2 a share per year, and the stock is traded at $30, the PE Ratio is 15. Therefore it takes 15 years for the company to earn back the $30 you paid for its stock, assuming the earnings stays constant over the next 15 years.
In real business, earnings never stay constant. If a company can grow its earnings, it takes fewer years for the company to earn back the price you pay for the stock. If a company's earnings decline it takes more years. As a shareholder, you want the company to earn back the price you pay as soon as possible. Therefore, lower P/E stocks are more attractive than higher P/E stocks so long as the PE Ratio is positive. Also for stocks with the same PE Ratio, the one with faster growth business is more attractive.
If a company loses money, the PE Ratio becomes meaningless.
To compare stocks with different growth rates, Peter Lynch invented a ratio called PEG Ratio. PEG Ratio is defined as the PE Ratio divided by the growth ratio. He thinks a company with a PE Ratio equal to its growth rate is fairly valued. Still he said he would rather buy a company growing 20% a year with a PE Ratio of 20, instead of a company growing 10% a year with a PE Ratio of 10.
Because the PE Ratio measures how long it takes to earn back the price you pay, the PE Ratio can be applied to the stocks across different industries. That is why it is the one of the most important and widely used indicators for the valuation of stocks.
Investors need to be aware that the PE Ratio can be misleading a lot of times, especially when the underlying business is cyclical and unpredictable. As Peter Lynch pointed out, cyclical businesses have higher profit margins at the peaks of the business cycles. Their earnings are high and PE Ratio s are artificially low. It is usually a bad idea to buy a cyclical business when the PE Ratio is low. A better ratio to identify the time to buy a cyclical businesses is the PS Ratio.
AutoZone PE Ratio without NRI Related Terms
AutoZone PE Ratio without NRI Historical Data
* Premium members only.
The historical data trend for AutoZone's PE Ratio without NRI 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.
MEX:AZO vs ORLY, GPC, BWA: PE Ratio without NRI Comparison
For the Auto Parts subindustry, AutoZone's PE Ratio without NRI, along with its competitors' market caps and PE Ratio without NRI 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 PE Ratio without NRI vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, AutoZone's PE Ratio without NRI distribution charts can be found below:
* The bar in red indicates where AutoZone's PE Ratio without NRI falls into.
The PE Ratio without NRI, or P/E Ratio without non-recurring items, is a financial ratio used to compare a company's market price to its EPS without NRI. Regular PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than regular PE Ratio.
AutoZone's PE Ratio without NRI for today is calculated as
AutoZone's Share Price of today is MXN51780.00.
AutoZone's EPS without NRI for the trailing twelve months (TTM) ended in May. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN2,623.67.
* 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.
There are at least three kinds of PE Ratios used by different investors. They are Trailing Twelve Month PE Ratio, Forward PE Ratio, or PE Ratio without NRI. A new PE Ratio based on inflation-adjusted normalized PE Ratio is called Shiller PE Ratio, after Yale professor Robert Shiller.
In the case of PE Ratio without NRI, the reported earnings less the non-recurring items are used.
In the calculation of PE Ratio (TTM), the earnings per share used are the earnings per share over the past 12 months.
For Forward PE Ratio, the earnings are the expected earnings for the next twelve months.
For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. Since it looks at the average over the last 10 years, Shiller PE Ratio is also called PE10.
AutoZone (MEX:AZO) has a PE Ratio without NRI of 19.78 as of Jul. 07, 2026. P/E without nonrecurring items is the ratio of share price to a company's earnings less one-time charges. View historical data on AutoZone and its competitors. This is near median its historical median of 18.72. Over the past decade, AutoZone's PE Ratio without NRI has ranged from 11.44 to 29.83. According to the industry distribution chart, AutoZone ranks #580 out of 1020 companies in the Vehicles & Parts industry, placing it in the top 56.9%.
Is AutoZone's PE Ratio without NRI too high?
AutoZone's current PE Ratio without NRI of 19.78 is near median its 10-year median of 18.72. Over the past 10 years, this metric has ranged from a low of 11.44 to a high of 29.83. The Vehicles & Parts industry median PE Ratio without NRI is 16.94. AutoZone's value of 19.78 is 16.8% above this industry median. Based on the distribution chart, AutoZone ranks #580 out of 1020 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, AutoZone has a GF Score™ of 93/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does AutoZone's PE Ratio without NRI compare to ORLY and GPC?
According to the Vehicles & Parts industry distribution chart, AutoZone ranks #580 out of 1020 companies for PE Ratio without NRI. This places AutoZone in the lower half of its industry. The industry median PE Ratio without NRI is 16.94. AutoZone's value of 19.78 is 16.8% above this benchmark. Historically, AutoZone's own PE Ratio without NRI has ranged from 11.44 to 29.83 over the past decade. While the company's 10-year median is 18.72 vs. the industry median of 16.94, AutoZone has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good PE Ratio without NRI for a Vehicles & Parts company?
The median PE Ratio without NRI among Vehicles & Parts companies is 16.94, based on 1,020 companies in the industry. Companies in the top quartile (top 25%) have a PE Ratio without NRI significantly above this median, while those in the bottom quartile fall well below. However, PE Ratio without NRI should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. AutoZone's current PE Ratio without NRI of 19.78 is 16.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high PE Ratio without NRI mean?
A high PE Ratio without NRI can signal that a stock is expensive relative to its fundamentals. P/E without nonrecurring items is the ratio of share price to a company's earnings less one-time charges. View historical data on AutoZone and its competitors. For the Vehicles & Parts industry, the median PE Ratio without NRI is 16.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AutoZone's current PE Ratio without NRI is 19.78, which is near median its own 10-year median of 18.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AutoZone stock overvalued right now?
Based on GuruFocus' analysis, AutoZone (MEX:AZO) is currently considered Modestly Undervalued. The stock's GF Value™ is MXN65,066.43, compared to a current price of MXN51,780.00 — trading 20.4% below its estimated fair value. The current PE Ratio without NRI is 19.78, which is near median its 10-year median of 18.72 and 16.8% above the Vehicles & Parts industry median of 16.94. AutoZone's overall GF Score™ is 93/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PE Ratio without NRI calculated?
PE Ratio without NRI is calculated from a company's financial statements. For AutoZone (MEX:AZO), the current PE Ratio without NRI is 19.78 as of Jul. 07, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is AutoZone (MEX:AZO) Overvalued in 2026?
Based on GuruFocus' analysis, AutoZone stock appears to be undervalued.
The current stock price of MXN51,780.00 is trading 20.4% below its estimated GF Value™ of MXN65,066.43.
GuruFocus considers AutoZone to be Modestly Undervalued.
Key valuation signals for MEX:AZO:
PE Ratio without NRI: 19.78 (near median its 10-year median of 18.72)
GF Value™: MXN65,066.43 vs. price of MXN51,780.00 (20.4% below fair value)
Industry Position: 16.8% above the Vehicles & Parts median (#580 of 1020)
No single metric tells the full story. See the MEX:AZO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Founded in 1979, AutoZone is the largest US-based retailer of aftermarket automotive parts and accessories, operating over 7,600 stores and generating roughly $18.9 billion in fiscal 2025 sales. Beyond its primary home market (88% of total revenue), the company also maintains a growing presence in Mexico and Brazil. AutoZone caters to two core customer segments: do-it-yourself, which account for about 69% of its domestic sales, and commercial do-it-for-me customers, which represent the remaining 31%.
93GF Score
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