17 years of historical data (2009–2025) · Communication Services · Internet Content & Information
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Zillow Group, Inc. Class C trades at 495.8x earnings, 35% below its 5-year average of 758.0x, sitting at the 50th percentile of its historical range. Compared to the Communication Services sector median P/E of 15.1x, the stock trades at a premium of 3177%. On a free-cash-flow basis, the stock trades at 45.7x P/FCF, 12% below the 5-year average of 52.0x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $10.7B | $17.3B | $17.3B | $13.5B | $7.8B | $16.0B | $29.1B | $9.5B | $6.3B | $7.6B | $6.6B |
| Enterprise Value | $10.1B | $16.7B | $16.9B | $13.9B | $8.2B | $15.2B | $29.9B | $10.9B | $6.4B | $7.7B | $6.7B |
| P/E Ratio → | 495.78 | 758.00 | — | — | — | — | — | — | — | — | — |
| P/S Ratio | 4.15 | 6.71 | 7.75 | 6.95 | 3.98 | 7.49 | 17.89 | 3.46 | 4.69 | 7.09 | 7.76 |
| P/B Ratio | 2.32 | 3.55 | 3.58 | 2.99 | 1.74 | 2.99 | 6.13 | 2.76 | 1.91 | 2.87 | 2.59 |
| P/FCF | 45.65 | 73.77 | 60.82 | 71.51 | 1.79 | — | 92.04 | — | — | 42.49 | — |
| P/OCF | 29.15 | 47.11 | 40.50 | 38.18 | 1.73 | — | 68.50 | — | 1623.65 | 29.55 | 759.98 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 6.45 | 7.56 | 7.12 | 4.19 | 7.15 | 18.39 | 3.96 | 4.84 | 7.12 | 7.91 |
| EV / EBITDA | — | — | 319.08 | — | 94.27 | 38.90 | 120.94 | — | — | — | — |
| EV / EBIT | — | — | — | — | — | 66.58 | 160.60 | — | — | — | — |
| EV / FCF | — | 70.90 | 59.34 | 73.31 | 1.88 | — | 94.63 | — | — | 42.68 | — |
Margins and return-on-capital ratios measuring operating efficiency
Zillow Group, Inc. Class C earns an operating margin of -1.3%. Operating margins have expanded from -13.9% to -1.3% over the past 3 years, signaling improving operational efficiency. ROE of 0.5% is modest.
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 74.1% | 74.1% | 76.4% | 78.4% | 81.3% | 84.8% | 84.3% | 47.8% | 88.5% | 92.1% | 91.5% |
| Operating Margin | -1.3% | -1.3% | -8.8% | -13.9% | -4.7% | 11.2% | 9.9% | -9.0% | -9.7% | -15.0% | -22.8% |
| Net Profit Margin | 0.9% | 0.9% | -5.0% | -8.1% | -5.2% | -24.8% | -10.0% | -11.1% | -9.0% | -8.8% | -26.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 0.5% | 0.5% | -2.4% | -3.5% | -2.1% | -10.5% | -4.0% | -9.1% | -4.0% | -3.6% | -8.5% |
| ROA | 0.4% | 0.4% | -1.8% | -2.4% | -1.2% | -5.8% | -2.4% | -5.9% | -3.2% | -3.0% | -7.0% |
| ROIC | -0.6% | -0.6% | -3.2% | -4.2% | -1.5% | 3.5% | 2.3% | -4.5% | -3.1% | -4.5% | -5.4% |
| ROCE | -0.7% | -0.7% | -3.7% | -4.5% | -1.4% | 3.6% | 2.7% | -5.4% | -3.6% | -5.3% | -6.3% |
Solvency and debt-coverage ratios — lower is generally safer
The company holds a net cash position — cash of $768M exceeds total debt of $93M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.02 | 0.02 | 0.14 | 0.40 | 0.42 | 0.30 | 0.53 | 0.73 | 0.26 | 0.14 | 0.15 |
| Debt / EBITDA | — | — | 12.45 | — | 21.46 | 4.09 | 10.20 | — | — | — | — |
| Net Debt / Equity | — | -0.14 | -0.09 | 0.08 | 0.09 | -0.13 | 0.17 | 0.40 | 0.06 | 0.01 | 0.05 |
| Net Debt / EBITDA | — | — | -7.96 | — | 4.61 | -1.81 | 3.31 | — | — | — | — |
| Debt / FCF | — | -2.87 | -1.48 | 1.80 | 0.09 | — | 2.59 | — | — | 0.19 | — |
| Interest Coverage | — | — | -5.47 | -7.50 | -2.66 | 1.87 | 1.04 | -2.42 | -3.13 | -5.88 | -26.03 |
Net cash position: cash ($768M) exceeds total debt ($93M)
Short-term solvency ratios and asset-utilisation metrics
Zillow Group, Inc. Class C's current ratio of 3.13x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has declined from 3.24x to 3.13x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 3.13 | 3.13 | 2.81 | 3.24 | 13.34 | 1.98 | 5.46 | 3.81 | 6.58 | 7.11 | 5.98 |
| Quick Ratio | 3.13 | 3.13 | 2.81 | 3.24 | 13.34 | 0.97 | 4.92 | 2.90 | 6.02 | 7.11 | 5.98 |
| Cash Ratio | 1.91 | 1.91 | 2.24 | 2.89 | 12.45 | 0.73 | 4.32 | 2.63 | 5.41 | 6.44 | 5.21 |
| Asset Turnover | — | 0.45 | 0.38 | 0.29 | 0.30 | 0.20 | 0.22 | 0.45 | 0.31 | 0.33 | 0.27 |
| Inventory Turnover | 0.08 | — | — | — | — | 0.08 | 0.52 | 1.71 | 0.94 | — | — |
| Days Sales Outstanding | — | 24.87 | 16.98 | 18.02 | 13.42 | 13.18 | 15.72 | 8.92 | 18.09 | 18.44 | 17.47 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Zillow Group, Inc. Class C returns 6.2% to shareholders annually primarily through share buybacks. The earnings yield of 0.2% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 0.2% | 0.1% | — | — | — | — | — | — | — | — | — |
| FCF Yield | 2.2% | 1.4% | 1.6% | 1.4% | 55.9% | — | 1.1% | — | — | 2.4% | — |
| Buyback Yield | 6.2% | 3.9% | 1.7% | 3.1% | 12.1% | 1.9% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 6.2% | 3.9% | 1.7% | 3.1% | 12.1% | 1.9% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $254M | $234M | $234M | $242M | $250M | $224M | $206M | $198M | $186M | $180M |
Compare Z with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| ZYou | $11B | 495.8 | — | 45.7 | 74.1% | -1.3% | 0.5% | -0.6% | — |
| ZG | $11B | 497.8 | — | 45.8 | 74.1% | -1.3% | 0.5% | -0.6% | — |
| ATHM | $9B | 9.9 | 49.3 | 51.1 | 78.9% | 14.3% | 7.1% | 3.4% | 0.1 |
| SSTK | $690M | 13.4 | 3.2 | 5.6 | 58.9% | 11.1% | 8.3% | 13.1% | 0.7 |
| GRPN | $644M | -8.4 | 16.8 | 16.1 | 90.2% | 1.8% | -15974.8% | 8.1% | 6.4 |
| TC | $621M | -1.2 | — | — | 68.3% | -182.9% | — | — | — |
| FVRR | $388M | 19.3 | 19.6 | 3.7 | 80.7% | -0.3% | 5.4% | -0.2% | 0.4 |
| CCG | $345M | -7.7 | — | — | 4.6% | -1.9% | -16.7% | -22.8% | — |
| GETY | $321M | 8.2 | 6.4 | 5.3 | 73.1% | 19.2% | 5.6% | 6.9% | 5.6 |
| TRUE | $226M | -7.5 | — | — | 85.0% | -21.2% | -22.3% | -97.7% | — |
| EVER | $57M | 6.0 | -0.6 | 0.6 | 97.2% | 9.6% | 53.2% | 56.0% | -0.0 |
| Communication Services Median | — | 15.1 | 7.5 | 10.5 | 51.2% | -0.7% | 2.4% | 1.7% | 3.5 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 17 years · Updated daily
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Start ComparisonZillow Group, Inc. Class C's current P/E ratio is 495.8x. This places it at the 50th percentile of its historical range.
Zillow Group, Inc. Class C's return on equity (ROE) is 0.5%. The historical average is -9.3%.
Based on historical data, Zillow Group, Inc. Class C is trading at a P/E of 495.8x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Zillow Group, Inc. Class C has 74.1% gross margin and -1.3% operating margin.