Zebra Technologies Corporation (ZBRA) P/E Ratio History
Historical price-to-earnings valuation from 1992 to 2025
Loading P/E history...
ZBRA Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 7, 2026, Zebra Technologies Corporation (ZBRA) trades at a price-to-earnings ratio of 28.1x, with a stock price of $229.76 and trailing twelve-month earnings per share of $8.27.
The current P/E is 24% below its 5-year average of 37.0x. Over the past five years, ZBRA's P/E has ranged from a low of 23.6x to a high of 69.6x, placing the current valuation at the 20th percentile of its historical range.
Compared to the Technology sector median P/E of 27.5x, ZBRA is roughly in line with its sector peers. The sector includes 357 companies with P/E ratios ranging from 0.0x to 175.4x.
Relative to the broader market, ZBRA trades roughly in line with the S&P 500 median P/E of 25.2x. 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 ZBRA 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.
ZBRA P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $137B | 29.5 | 16.04 | -15% | |
| $7B | 70.4 | 2.41 | -14% | |
| $4B | 12.3 | 0.73 | +7% | |
| $15B | 36.2 | 14.75 | -71% | |
| $7B | 9.5Lowest | 0.57 | +15% | |
| $10B | 91.6 | - | +10% | |
| $4B | 139.6 | - | +118% | |
| $2B | 14.9 | 0.21Best | +142%Best | |
| $3B | 16.7 | 0.86 | +17% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
ZBRA Historical P/E Data (1992–2025)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2025 Q4 | Wed Dec 31 2025 00:00:00 GM | $242.82 | $8.17 | 29.7x | -20% |
| FY2025 Q3 | Sat Sep 27 2025 00:00:00 GM | $299.77 | $9.92 | 30.2x | -18% |
| FY2025 Q2 | Sat Jun 28 2025 00:00:00 GM | $309.26 | $10.59 | 29.2x | -21% |
| FY2025 Q1 | Sat Mar 29 2025 00:00:00 GM | $280.79 | $10.58 | 26.5x | -28% |
| FY2024 Q4 | $386.22 | $10.18 | 37.9x | +3% | |
| FY2024 Q3 | Sat Sep 28 2024 00:00:00 GM | $368.60 | $7.37 | 50.0x | +35% |
| FY2024 Q2 | Sat Jun 29 2024 00:00:00 GM | $308.93 | $4.44 | 69.6x | +88% |
| FY2024 Q1 | Sat Mar 30 2024 00:00:00 GM | $301.44 | $5.04 | 59.8x | +62% |
| FY2023 Q4 | Sun Dec 31 2023 00:00:00 GM | $273.33 | $5.72 | 47.8x | +29% |
| FY2023 Q3 | Sat Sep 30 2023 00:00:00 GM | $236.53 | $8.97 | 26.4x | -29% |
| FY2023 Q2 | Sat Jul 01 2023 00:00:00 GM | $295.83 | $12.52 | 23.6x | -36% |
| FY2023 Q1 | Sat Apr 01 2023 00:00:00 GM | $318.00 | $7.86 | 40.5x | +9% |
Average P/E for displayed period: 37.0x
Full ZBRA Stock Analysis
Analyst consensus, bull case, AI-generated risk factors, and peer comparison — all in one place.
See ZBRA's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs ZBRA Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare ZBRA vs NVDA
Side-by-side business, growth, and profitability comparison vs NVIDIA Corporation.
Start ComparisonZBRA — Frequently Asked Questions
Quick answers to the most common questions about buying ZBRA stock.
Is ZBRA stock overvalued or undervalued?
ZBRA trades at 28.1x P/E, below its 5-year average of 37.0x. At the 20th percentile of historical range, the stock is priced at a discount to its own history.
How does ZBRA's valuation compare to peers?
Zebra Technologies Corporation P/E of 28.1x compares to sector median of 27.5x. The premium reflects expected growth above peers.
What is ZBRA's PEG ratio?
ZBRA PEG ratio is N/A. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 1992-2025.