Zhihu Inc. (ZH) P/E Ratio History
Historical price-to-earnings valuation from 2025 to 2025
Loading P/E history...
Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of February 26, 2026, Zhihu Inc. (ZH) trades at a price-to-earnings ratio of -12.4x, with a stock price of $3.43 and trailing twelve-month earnings per share of $1.29.
The current P/E is 450% below its 5-year average of 3.6x. Over the past five years, ZH's P/E has ranged from a low of 2.5x to a high of 4.6x, placing the current valuation at the 0th percentile of its historical range.
Compared to the Communication Services sector median P/E of 14.8x, ZH trades at a 184% discount to its sector peers. The sector includes 112 companies with P/E ratios ranging from 0.5x to 194.9x.
Relative to the broader market, ZH trades at a notable discount to the S&P 500 median P/E of 25.9x. 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 ZH 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.
Peer Comparison
P/E metrics vs. Social, Video, and Streaming Platforms peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
RDDTReddit, Inc. | $8B | 57.1 | -Best | +197% |
MOMOHello Group Inc. | $2B | 8.1Lowest | -Best | -43% |
WBWeibo Corporation | $898M | 8.8 | -Best | -19% |
GIBOGIBO Holdings Limited | $4M | 34.7 | -Best | +348%Best |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
Historical P/E Data
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2025 Q3 | $5.07 | $1.11 | 4.6x | +29% | |
| FY2025 Q2 | Mon Jun 30 2025 00:00:00 GM | $3.98 | $1.57 | 2.5x | -29% |
Average P/E for displayed period: 3.6x
See ZH's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs ZH Undervalued?
See our Bear / Base / Bull DCF models and intrinsic value estimates.
View ValuationCompare ZH vs NFLX
See how ZH stacks up against sector leader Netflix, Inc..
Start ComparisonFrequently Asked Questions
Is ZH stock overvalued or undervalued?
ZH trades at -12.4x P/E, below its 5-year average of 3.6x. At the N/A percentile of historical range, the stock is priced at a discount to its own history.
How does ZH's valuation compare to peers?
Zhihu Inc. P/E of -12.4x compares to sector median of 14.8x. The discount suggests lower growth expectations or higher risk.
What is ZH's PEG ratio?
ZH PEG ratio is N/A. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 2025-2025.