Zillow Group, Inc. Class A (ZG) Financial Ratios
18 years of historical data (2008–2025) · Communication Services · Internet Content & Information
EV/EBITDA
↑
29.00
↓-77% vs avg
5yr avg: 124.95
30Y Low36.6·High91.5
P/FCF
↑
33.22
↓-35% vs avg
5yr avg: 50.95
30Y Low1.7·High96.4
P/B Ratio
↑
1.69
↓-42% vs avg
5yr avg: 2.90
30Y Low1.7·High6.6
ROE
↑
0.5%
↓+113% vs avg
5yr avg: -3.6%
30Y Low-35%·High3%
Debt/EBITDA
↓
2.05
↓-79% vs avg
5yr avg: 10.01
30Y Low2.1·High21.5
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
ZG Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Zillow Group, Inc. Class A trades at 359.0x earnings, 52% below its 5-year average of 753.9x, sitting at the 100th percentile of its historical range. Compared to the Communication Services sector median P/E of 15.3x, the stock trades at a premium of 2247%. On a free-cash-flow basis, the stock trades at 33.2x P/FCF, 35% below the 5-year average of 51.0x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $7.8B | $17.3B | $16.6B | $13.2B | $7.6B | $15.6B | $30.4B | $9.4B | $6.2B | $7.6B | $6.6B |
| Enterprise Value | $7.6B | $17.1B | $16.2B | $13.6B | $8.0B | $14.8B | $31.2B | $10.8B | $6.4B | $7.6B | $6.7B |
| P/E Ratio → | 359.01 | 753.92 | — | — | — | — | — | — | — | — | — |
| P/S Ratio | 3.02 | 6.71 | 7.42 | 6.81 | 3.86 | 7.29 | 18.74 | 3.44 | 4.67 | 7.05 | 7.76 |
| P/B Ratio | 1.69 | 3.55 | 3.42 | 2.93 | 1.69 | 2.91 | 6.42 | 2.75 | 1.90 | 2.85 | 2.59 |
| P/FCF | 33.22 | 73.78 | 58.19 | 70.10 | 1.73 | — | 96.39 | — | — | 42.30 | — |
| P/OCF | 21.22 | 47.12 | 38.75 | 37.42 | 1.68 | — | 71.74 | — | 1615.94 | 29.42 | 759.56 |
P/E links to full P/E history page with 30-year chart
ZG EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Zillow Group, Inc. Class A's enterprise value stands at 29.0x EBITDA, 77% below its 5-year average of 125.0x. The Communication Services sector median is 9.6x, placing the stock at a 202% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 6.62 | 7.23 | 6.98 | 4.06 | 6.96 | 19.24 | 3.94 | 4.81 | 7.09 | 7.90 |
| EV / EBITDA | 29.00 | 65.52 | 304.95 | — | 91.48 | 37.86 | 126.50 | — | — | — | — |
| EV / EBIT | — | — | — | — | — | 64.80 | 167.99 | — | — | — | — |
| EV / FCF | — | 72.77 | 56.71 | 71.88 | 1.82 | — | 98.98 | — | — | 42.49 | — |
ZG Profitability
Margins and return-on-capital ratios measuring operating efficiency
Zillow Group, Inc. Class A earns an operating margin of -1.2%, below the Communication Services sector average of 1.6%. Operating margins have expanded from -13.9% to -1.2% over the past 3 years, signaling improving operational efficiency. ROE of 0.5% is modest.
Margins
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 | -1.2% | -1.2% | -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% |
Return on Capital
| 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 | -0.5% | -0.5% | -3.2% | -4.2% | -1.5% | 3.5% | 2.3% | -4.5% | -3.1% | -4.5% | -5.4% |
| ROCE | -0.6% | -0.6% | -3.7% | -4.5% | -1.4% | 3.6% | 2.7% | -5.4% | -3.6% | -5.3% | -6.3% |
ZG Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Zillow Group, Inc. Class A carries a Debt/EBITDA ratio of 2.1x, which is manageable (43% below the sector average of 3.6x). The company holds a net cash position — cash of $773M exceeds total debt of $536M, 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 | 0.11 | 0.11 | 0.14 | 0.40 | 0.42 | 0.30 | 0.53 | 0.73 | 0.26 | 0.14 | 0.15 |
| Debt / EBITDA | 2.05 | 2.05 | 12.45 | — | 21.46 | 4.09 | 10.20 | — | — | — | — |
| Net Debt / Equity | — | -0.05 | -0.09 | 0.07 | 0.09 | -0.13 | 0.17 | 0.40 | 0.06 | 0.01 | 0.05 |
| Net Debt / EBITDA | -0.91 | -0.91 | -7.96 | — | 4.61 | -1.81 | 3.31 | — | — | — | — |
| Debt / FCF | — | -1.01 | -1.48 | 1.78 | 0.09 | — | 2.59 | — | — | 0.19 | — |
| Interest Coverage | -1.78 | -1.78 | -1.97 | -3.28 | -1.43 | 1.79 | 1.20 | -2.04 | -2.66 | -5.69 | -28.74 |
Net cash position: cash ($773M) exceeds total debt ($536M)
ZG Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Zillow Group, Inc. Class A'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 | 3.25 | 13.19 | 0.97 | 4.92 | 2.90 | 6.02 | 7.11 | 5.98 |
| Cash Ratio | 1.91 | 1.91 | 2.24 | 2.90 | 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 | — | — | — | — | 8.53 | 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 |
ZG Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Zillow Group, Inc. Class A returns 8.6% to shareholders annually primarily through share buybacks. The earnings yield of 0.3% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
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 | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 0.3% | 0.1% | — | — | — | — | — | — | — | — | — |
| FCF Yield | 3.0% | 1.4% | 1.7% | 1.4% | 57.7% | — | 1.0% | — | — | 2.4% | — |
| Buyback Yield | 8.6% | 3.9% | 1.8% | 3.2% | 12.5% | 1.9% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 8.6% | 3.9% | 1.8% | 3.2% | 12.5% | 1.9% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $254M | $234M | $234M | $242M | $250M | $224M | $206M | $198M | $186M | $180M |
Peer Comparison
Compare ZG 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 |
|---|---|---|---|---|---|---|---|---|---|
 ZGYou | $8B | 359.0 | 29.0 | 33.2 | 74.1% | -1.2% | 0.5% | -0.5% | 2.1 |
 OPEN | $3B | -2.6 | — | 3.3 | 7.0% | -6.2% | -151.3% | -15.8% | — |
 COMP | $6B | -100.1 | 76.0 | 29.9 | 10.6% | -0.4% | -9.8% | -2.5% | 5.4 |
 HOUS | $2B | -15.3 | 18.8 | 76.1 | 34.7% | 1.1% | -7.9% | 1.0% | 11.7 |
 EXPI | $753M | -33.8 | — | 6.9 | 7.0% | -0.4% | -10.1% | -15.3% | — |
 MOVE | $37B | -83.4 | — | — | -424.9% | -3580.4% | -942.3% | — | — |
 CSGP | $13B | 1814.5 | 71.6 | 311.4 | 75.2% | -2.2% | 0.1% | -0.9% | 6.7 |
 OPAD | $16M | -0.3 | — | 0.2 | 7.4% | -5.9% | -108.0% | -13.4% | — |
 DOUG | $156M | 10.1 | — | — | 16.8% | -5.9% | 8.8% | -25.8% | — |
 UWMC | $345M | 18.5 | 7.6 | — | 85.6% | 58.0% | 1.5% | 8.9% | 7.7 |
 RKT | $41B | -524.4 | 42.7 | — | 91.6% | 8.7% | -0.4% | 2.0% | — |
| Communication Services Median | — | 15.3 | 9.6 | 11.4 | 48.5% | 1.6% | 2.0% | 2.6% | 3.6 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 18 years · Updated daily
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ZG — Frequently Asked Questions
Quick answers to the most common questions about buying ZG stock.
What is Zillow Group, Inc. Class A's P/E ratio?
Zillow Group, Inc. Class A's current P/E ratio is 359.0x. The historical average is 140.9x. This places it at the 100th percentile of its historical range.
What is Zillow Group, Inc. Class A's EV/EBITDA?
Zillow Group, Inc. Class A's current EV/EBITDA is 29.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 56.3x.
What is Zillow Group, Inc. Class A's ROE?
Zillow Group, Inc. Class A's return on equity (ROE) is 0.5%. The historical average is -7.8%.
Is ZG stock overvalued?
Based on historical data, Zillow Group, Inc. Class A is trading at a P/E of 359.0x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Zillow Group, Inc. Class A's profit margins?
Zillow Group, Inc. Class A has 74.1% gross margin and -1.2% operating margin.
How much debt does Zillow Group, Inc. Class A have?
Zillow Group, Inc. Class A's Debt/EBITDA ratio is 2.1x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.