AutoZoneMEX:AZO 92 ROE % is Negative Equity% as of May. 2026. GuruFocus rates MEX:AZO with a GF Score™ of 92/100 and a GF Value™ of MXN62,981.09 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,308 Vehicles & Parts companies, AutoZone ranks better than 99.92% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. AutoZone's annualized net income for the quarter that ended in May. 2026 was MXN44,519 Mil. AutoZone's average Total Stockholders Equity over the quarter that ended in May. 2026 was MXN-49,201 Mil. Therefore, AutoZone's annualized ROE % for the quarter that ended in May. 2026 was Negative Equity%.
The historical rank and industry rank for AutoZone's ROE % or its related term are showing as below:
MEX:AZO'
s ROE % Range Over the Past 10 Years
Min: 0 Med: 0 Max: 0
Current: Negative Equity
MEX:AZO's ROE % is ranked better than 99.92% of 1308
companies
in the Vehicles & Parts industry
Industry Median: 6.62
vs MEX:AZO: Negative Equity
AutoZone (MEX:AZO) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
Note:
The net income data used here is four times the quarterly (May. 2026) net income data. The Revenue data used here is four times the quarterly (May. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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.
Be Aware
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.
AutoZone ROE % Related Terms
AutoZone ROE % Historical Data
* Premium members only.
The historical data trend for AutoZone's ROE % 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.
For the Auto Parts subindustry, AutoZone's ROE %, along with its competitors' market caps and ROE % 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 ROE % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, AutoZone's ROE % distribution charts can be found below:
* The bar in red indicates where AutoZone's ROE % falls into.
* 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.
In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (May. 2026) net income data.
ROE % is displayed in the 30-year financial page.
* Note that if the average Total Stockholders Equity is zero or negative, then ROE % would be considered meaningless and hence not be calculated.
AutoZone (MEX:AZO) has a ROE % of Negative Equity% as of May. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on AutoZone and its competitors. According to the industry distribution chart, AutoZone ranks #1 out of 1308 companies in the Vehicles & Parts industry, placing it in the top 0.099999999999994%.
Is AutoZone's ROE % too high?
AutoZone's current ROE % is Negative Equity%. Based on the distribution chart, AutoZone ranks #1 out of 1308 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, AutoZone has a GF Score™ of 92/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does AutoZone's ROE % compare to ORLY and BWA?
According to the Vehicles & Parts industry distribution chart, AutoZone ranks #1 out of 1308 companies for ROE %. This places AutoZone in the top 0% of its industry — outperforming the majority of peers. The industry median ROE % is 6.62. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for a Vehicles & Parts company?
The median ROE % among Vehicles & Parts companies is 6.62, based on 1,308 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on AutoZone and its competitors. For the Vehicles & Parts industry, the median ROE % is 6.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AutoZone's current ROE % is Negative Equity%. 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 MXN62,981.09, compared to a current price of MXN53,230.00 — trading 15.5% below its estimated fair value. The current ROE % is Negative Equity%. AutoZone's overall GF Score™ is 92/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For AutoZone (MEX:AZO), the current ROE % is Negative Equity% as of May. 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 MXN53,230.00 is trading 15.5% below its estimated GF Value™ of MXN62,981.09.
GuruFocus considers AutoZone to be Modestly Undervalued.
Key valuation signals for MEX:AZO:
ROE %: Negative Equity%
GF Value™: MXN62,981.09 vs. price of MXN53,230.00 (15.5% below fair value)
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%.
92GF Score
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