Zimmer Biomet Holdings, Inc. (ZBH) P/E Ratio History
Historical price-to-earnings valuation from 2001 to 2026
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ZBH Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 8, 2026, Zimmer Biomet Holdings, Inc. (ZBH) trades at a price-to-earnings ratio of 23.5x, with a stock price of $83.37 and trailing twelve-month earnings per share of $3.89.
The current P/E is 51% below its 5-year average of 48.2x. Over the past five years, ZBH's P/E has ranged from a low of 20.5x to a high of 124.5x, placing the current valuation at the 15th percentile of its historical range.
Compared to the Healthcare sector median P/E of 22.3x, ZBH is roughly in line with its sector peers. The sector includes 241 companies with P/E ratios ranging from 0.0x to 177.5x.
Relative to the broader market, ZBH trades roughly in line with the S&P 500 median P/E of 25.1x. 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 ZBH 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.
ZBH P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $113B | 35.0 | 2.36 | +8% | |
| $84B | 29.2 | - | +55% | |
| $100B | 21.6 | - | +31% | |
| $13B | 20.9Lowest | 2.92 | +53% | |
| $12B | 21.7 | 0.70Best | +423%Best | |
| $536B | 38.4 | - | -58% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
ZBH Historical P/E Data (2001–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q1 | $90.42 | $3.85 | 23.5x | -47% | |
| FY2025 Q4 | Wed Dec 31 2025 00:00:00 GM | $89.92 | $3.54 | 25.4x | -42% |
| FY2025 Q3 | $98.50 | $4.04 | 24.4x | -45% | |
| FY2025 Q2 | Mon Jun 30 2025 00:00:00 GM | $91.21 | $4.11 | 22.2x | -50% |
| FY2025 Q1 | Mon Mar 31 2025 00:00:00 GM | $113.18 | $4.52 | 25.0x | -43% |
| FY2024 Q4 | $105.63 | $4.45 | 23.7x | -46% | |
| FY2024 Q3 | Mon Sep 30 2024 00:00:00 GM | $107.95 | $5.26 | 20.5x | -53% |
| FY2024 Q2 | Sun Jun 30 2024 00:00:00 GM | $108.53 | $4.80 | 22.6x | -49% |
| FY2024 Q1 | Sun Mar 31 2024 00:00:00 GM | $131.98 | $4.62 | 28.6x | -35% |
| FY2023 Q4 | Sun Dec 31 2023 00:00:00 GM | $121.70 | $4.89 | 24.9x | -43% |
| FY2023 Q3 | Sat Sep 30 2023 00:00:00 GM | $112.22 | $2.26 | 49.7x | +13% |
| FY2023 Q2 | Fri Jun 30 2023 00:00:00 GM | $145.60 | $2.41 | 60.4x | +37% |
Average P/E for displayed period: 44.0x
Full ZBH Stock Analysis
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Start ComparisonZBH — Frequently Asked Questions
Quick answers to the most common questions about buying ZBH stock.
Is ZBH stock overvalued or undervalued?
ZBH trades at 23.5x P/E, below its 5-year average of 48.2x. At the 15th percentile of historical range, the stock is priced at a discount to its own history.
How does ZBH's valuation compare to peers?
Zimmer Biomet Holdings, Inc. P/E of 23.5x compares to sector median of 22.3x. The premium reflects expected growth above peers.
What is ZBH's PEG ratio?
ZBH PEG ratio is N/A. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 2001-2026.