Zillow Group, Inc. Class C (Z) P/E Ratio History
UndervaluedTrading at 316.6x vs 5Y avg 416.9x · 60th percentile · Below historical baseline · Data 2021–2026
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P/E Ratio Analysis
As of September 24, 2026, Zillow Group, Inc. Class C (Z) trades at a price-to-earnings ratio of 316.6x, with a stock price of $28.65 and trailing twelve-month earnings per share of $0.24.
The current P/E is 24% below its 5-year average of 416.9x. Over the past five years, Z's P/E has ranged from a low of 142.7x to a high of 810.3x, placing the current valuation at the 60th percentile of its historical range.
Compared to the Communication Services sector median P/E of 14.9x, Z trades at a 2021% premium to its sector peers. The sector includes 106 companies with P/E ratios ranging from 0.1x to 183.6x.
Relative to the broader market, Z commands a significant premium over the S&P 500 median P/E of 25.3x. 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) |
|---|---|---|---|---|
| $11B | 1702.4 | -Best | -95% | |
| $190M | 10.2 | -Best | -8% | |
| $335M | 2.2Lowest | -Best | +443%Best | |
| $3B | 7.1 | -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 Q2 | - | $31.52 | $0.22 | 142.7x | -66% |
| FY2026 Q1 | - | $41.38 | $0.25 | 166.1x | -60% |
| FY2025 Q4 | Dec 31 2025 | $68.22 | $0.09 | 754.6x | +81% |
| FY2021 Q2 | Jun 30 2021 | $122.22 | $0.58 | 210.7x | -49% |
| FY2021 Q1 | Mar 31 2021 | $129.64 | $0.16 | 810.3x | +94% |
Average P/E for displayed period: 416.9x
Z Chart Terminal
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Intrinsic Valuation
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Historical Returns
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Peer Comparison
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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 316.6x, based on TTM diluted EPS of $0.24. The 5-year average P/E is 416.9x and the historical range spans 142.7x to 810.3x.
Is Z stock overvalued or undervalued?
Z trades at 316.6x P/E, below its 5-year average of 416.9x. At the 60th percentile of its historical range (142.7x–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 316.6x is below the 5-year average of 416.9x and sits at the 60th 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 142.7x to 810.3x, with a median of 210.7x and an average of 416.9x. The current P/E of 316.6x places the stock at the 60th 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 316.6x P/E versus the S&P 500 median of 25.3x. The 1151% 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 316.6x compares to the Communication Services sector median of 14.9x. 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 316.6x 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 0.32%, the inverse of its 316.6x 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.