Zillow Group, Inc. Class C (Z) P/E Ratio History
UndervaluedTrading at 354.8x vs 5Y avg 485.4x · 50th percentile · Below historical baseline · Data 2021–2026
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P/E Ratio Analysis
As of June 21, 2026, Zillow Group, Inc. Class C (Z) trades at a price-to-earnings ratio of 354.8x, with a stock price of $32.11 and trailing twelve-month earnings per share of $0.25.
The current P/E is 27% below its 5-year average of 485.4x. Over the past five years, Z's P/E has ranged from a low of 166.1x to a high of 810.3x, placing the current valuation at the 50th percentile of its historical range.
Compared to the Communication Services sector median P/E of 15.3x, Z trades at a 2219% premium to its sector peers. The sector includes 110 companies with P/E ratios ranging from 0.1x to 161.8x.
Relative to the broader market, Z commands a significant premium over the S&P 500 median P/E of 24.4x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our Z DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
Z Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
Z P/E vs Peers
Online Marketplaces and Classifieds peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $13B | 1814.5 | -Best | -95% | |
| $345M | 18.5 | -Best | -8% | |
| $541M | 3.6Lowest | -Best | +443%Best | |
| $4B | 8.9 | -Best | +59% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
Z Historical P/E Data (2021–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q1 | - | $41.38 | $0.25 | 166.1x | -66% |
| FY2025 Q4 | Dec 31 2025 | $68.22 | $0.09 | 754.6x | +55% |
| FY2021 Q2 | Jun 30 2021 | $122.22 | $0.58 | 210.7x | -57% |
| FY2021 Q1 | Mar 31 2021 | $129.64 | $0.16 | 810.3x | +67% |
Average P/E for displayed period: 485.4x
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
5+ years return with dividends reinvested.
DCA Calculator
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Peer Comparison
Compare growth, multiples, and margins vs sector.
Z — Frequently Asked Questions
Quick answers to the most common questions about buying Z stock.
What is Z's P/E ratio?
Zillow Group, Inc. Class C (Z) trailing twelve-month P/E ratio is 354.8x, based on TTM diluted EPS of $0.25. The 5-year average P/E is 485.4x and the historical range spans 166.1x to 810.3x.
Is Z stock overvalued or undervalued?
Z trades at 354.8x P/E, below its 5-year average of 485.4x. At the 50th percentile of its historical range (166.1x–810.3x), the stock is priced at a discount to its own history.
Is Z stock expensive?
No, Z is not expensive on a historical basis. The current P/E of 354.8x is below the 5-year average of 485.4x and sits at the 50th percentile of its valuation range.
What is Z's historical P/E range?
Over the past 5 years, Z's P/E ratio has ranged from 166.1x to 810.3x, with a median of 754.6x and an average of 485.4x. The current P/E of 354.8x places the stock at the 50th percentile of this range. Full historical data spans 2021–2026.
How does Z's P/E compare to the S&P 500?
Z trades at 354.8x P/E versus the S&P 500 median of 24.4x. The 1354% premium to the market typically reflects higher expected earnings growth or quality.
How does Z's valuation compare to Communication Services peers?
Zillow Group, Inc. Class C P/E of 354.8x compares to the Communication Services sector median of 15.3x. The premium reflects expected growth above peers or stronger fundamentals. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is Z's PEG ratio?
Z PEG ratio is N/A, based on a P/E of 354.8x and EPS growth of 118.9%. PEG normalises P/E by growth and helps compare stocks with different earnings trajectories.
What is Z's earnings yield?
Z earnings yield is 0.28%, the inverse of its 354.8x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.