Zillow Group, Inc. Class A (ZG) Financial Ratios
18 years of historical data (2008–2025) · Communication Services · Internet Content & Information
EV/EBITDA
↑
N/A
—
5yr avg: 144.76
30Y Low36.6·High91.5
P/FCF
↑
44.90
↓-12% vs avg
5yr avg: 50.95
30Y Low1.7·High96.4
P/B Ratio
↑
2.28
↓-21% 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
↑
N/A
—
5yr avg: 12.67
30Y Low4.1·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 487.6x earnings, 36% below its 5-year average of 758.1x, sitting at the 100th percentile of its historical range. Compared to the Communication Services sector median P/E of 15.0x, the stock trades at a premium of 3161%. On a free-cash-flow basis, the stock trades at 44.9x P/FCF, 12% 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 | $10.6B | $17.3B | $16.6B | $13.2B | $7.6B | $15.6B | $30.4B | $9.4B | $6.2B | $7.6B | $6.6B |
| Enterprise Value | $9.9B | $16.7B | $16.2B | $13.6B | $8.0B | $14.8B | $31.2B | $10.8B | $6.4B | $7.6B | $6.7B |
| P/E Ratio → | 487.56 | 758.11 | — | — | — | — | — | — | — | — | — |
| P/S Ratio | 4.08 | 6.71 | 7.42 | 6.81 | 3.86 | 7.29 | 18.74 | 3.44 | 4.67 | 7.05 | 7.76 |
| P/B Ratio | 2.28 | 3.55 | 3.42 | 2.93 | 1.69 | 2.91 | 6.42 | 2.75 | 1.90 | 2.85 | 2.59 |
| P/FCF | 44.90 | 73.78 | 58.19 | 70.10 | 1.73 | — | 96.39 | — | — | 42.30 | — |
| P/OCF | 28.67 | 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
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 6.45 | 7.23 | 6.98 | 4.06 | 6.96 | 19.24 | 3.94 | 4.81 | 7.09 | 7.90 |
| EV / EBITDA | — | — | 304.95 | — | 91.48 | 37.86 | 126.50 | — | — | — | — |
| EV / EBIT | — | — | — | — | — | 64.80 | 167.99 | — | — | — | — |
| EV / FCF | — | 70.91 | 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 -1.3%. Operating margins have expanded from -13.9% to -1.3% 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 | -1.3% | -1.3% | -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 | -0.6% | -0.6% | -3.2% | -4.2% | -1.5% | 3.5% | 2.3% | -4.5% | -3.1% | -4.5% | -5.4% |
| ROCE | -0.7% | -0.7% | -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
The company holds a net cash position — cash of $768M exceeds total debt of $93M, 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 | 0.02 | 0.02 | 0.14 | 0.40 | 0.42 | 0.30 | 0.53 | 0.73 | 0.26 | 0.14 | 0.15 |
| Debt / EBITDA | — | — | 12.45 | — | 21.46 | 4.09 | 10.20 | — | — | — | — |
| Net Debt / Equity | — | -0.14 | -0.09 | 0.07 | 0.09 | -0.13 | 0.17 | 0.40 | 0.06 | 0.01 | 0.05 |
| Net Debt / EBITDA | — | — | -7.96 | — | 4.61 | -1.81 | 3.31 | — | — | — | — |
| Debt / FCF | — | -2.87 | -1.48 | 1.78 | 0.09 | — | 2.59 | — | — | 0.19 | — |
| Interest Coverage | — | — | -5.47 | -7.50 | -2.66 | 1.87 | 1.04 | -2.42 | -3.13 | -5.88 | -26.03 |
Net cash position: cash ($768M) exceeds total debt ($93M)
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 | — | — | — | 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 6.4% to shareholders annually primarily through share buybacks. The earnings yield of 0.2% (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 | 0.2% | 0.1% | — | — | — | — | — | — | — | — | — |
| FCF Yield | 2.2% | 1.4% | 1.7% | 1.4% | 57.7% | — | 1.0% | — | — | 2.4% | — |
| Buyback Yield | 6.4% | 3.9% | 1.8% | 3.2% | 12.5% | 1.9% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 6.4% | 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 | $11B | 487.6 | — | 44.9 | 74.1% | -1.3% | 0.5% | -0.6% | — |
 OPEN | $5B | -3.1 | — | 4.8 | 8.0% | -6.6% | -151.3% | -16.6% | — |
 COMP | $4B | -72.6 | 52.0 | 20.1 | 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 | $1B | -44.9 | — | 9.3 | 7.0% | -0.4% | -10.1% | -15.3% | — |
 MOVE | $816M | -34.7 | — | — | -196.8% | -2391.1% | -439.2% | — | — |
 CSGP | $15B | 2102.4 | 83.5 | 360.8 | 75.2% | -2.2% | 0.1% | -0.9% | 6.7 |
 OPAD | $20M | -0.4 | — | 0.3 | 7.4% | -5.9% | -108.0% | -18.6% | — |
 DOUG | $176M | 11.7 | — | — | 16.8% | -5.9% | 8.8% | -26.1% | — |
 UWMC | $724M | 28.5 | 0.1 | — | 85.6% | 58.0% | 1.1% | 15.4% | — |
 RKT | $2B | 67.1 | 18.8 | — | 91.3% | 12.4% | 0.3% | 2.5% | 17.9 |
| Communication Services Median | — | 15.0 | 8.4 | 11.8 | 49.1% | 1.0% | 2.4% | 3.3% | 3.5 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonZG — 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 487.6x. 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 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 487.6x. 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 -1.3% operating margin.