ZTO Express (Cayman) Inc. (ZTO) P/E Ratio History
ExpensiveTrading at 13.6x vs 5Y avg 3.4x · 100th percentile · Material premium to history · Data 2016–2025
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P/E Ratio Analysis
As of June 23, 2026, ZTO Express (Cayman) Inc. (ZTO) trades at a price-to-earnings ratio of 13.6x, with a stock price of $22.00 and trailing twelve-month earnings per share of $10.47.
The current P/E is 305% above its 5-year average of 3.4x. Over the past five years, ZTO's P/E has ranged from a low of 1.7x to a high of 5.9x, placing the current valuation at the 100th percentile of its historical range.
Compared to the Industrials sector median P/E of 25.6x, ZTO trades at a 47% discount to its sector peers. The sector includes 403 companies with P/E ratios ranging from 0.1x to 198.8x.
The PEG ratio of 0.91 (P/E divided by 2% EPS growth) suggests the stock may be undervalued relative to its earnings growth. Peter Lynch popularized the rule that a PEG below 1.0 indicates an attractive entry point.
Relative to the broader market, ZTO trades at a notable discount to the S&P 500 median P/E of 24.4x. 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 ZTO 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.
ZTO Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
ZTO P/E vs Peers
Asset-Based Parcel, Express and LTL Carriers peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $6B | 173.7 | - | -75% | |
| $23B | 75.6 | 2.74 | -18% | |
| $89B | 16.0 | 0.48Best | -3% | |
| $78B | 19.4 | 0.69 | -2%Best | |
| $46B | 45.8 | 4.08 | -12% | |
| $12B | 45.7 | 3.56 | -30% | |
| $3B | 55.2 | - | -64% | |
| $250B | 16.5 | - | -18% | |
| $38B | 14.5 | - | -52% | |
| $112B | 8.2Lowest | - | -14% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
ZTO Historical P/E Data (2016–2025)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2025 Q2 | Jun 30 2025 | $17.75 | $10.60 | 1.7x | -52% |
| FY2025 Q1 | Mar 31 2025 | $19.84 | $11.39 | 1.7x | -50% |
| FY2024 Q4 | - | $19.55 | $10.70 | 1.8x | -48% |
| FY2024 Q3 | Sep 30 2024 | $24.77 | $10.47 | 2.4x | -32% |
| FY2024 Q2 | Jun 30 2024 | $20.75 | $10.41 | 2.0x | -43% |
| FY2024 Q1 | Mar 31 2024 | $20.94 | $10.32 | 2.0x | -42% |
| FY2023 Q4 | Dec 31 2023 | $21.28 | $10.60 | 2.0x | -42% |
| FY2023 Q3 | Sep 30 2023 | $24.17 | $10.55 | 2.3x | -34% |
| FY2023 Q2 | Jun 30 2023 | $25.08 | $10.07 | 2.5x | -28% |
| FY2023 Q1 | Mar 31 2023 | $28.66 | $9.20 | 3.1x | -11% |
| FY2022 Q4 | Dec 31 2022 | $26.87 | $8.29 | 3.2x | -7% |
| FY2022 Q3 | Sep 30 2022 | $24.03 | $7.86 | 3.1x | -12% |
| FY2022 Q2 | - | $27.45 | $6.93 | 4.0x | +14% |
| FY2022 Q1 | - | $25.00 | $6.29 | 4.0x | +14% |
| FY2021 Q4 | Dec 31 2021 | $28.22 | $5.81 | 4.9x | +40% |
| FY2021 Q3 | - | $30.66 | $5.18 | 5.9x | +70% |
| FY2021 Q2 | Jun 30 2021 | $30.35 | $5.28 | 5.7x | +65% |
| FY2021 Q1 | Mar 31 2021 | $29.15 | $5.57 | 5.2x | +50% |
| FY2020 Q4 | - | $29.16 | $5.41 | 5.4x | +55% |
| FY2020 Q3 | Sep 30 2020 | $29.92 | $6.83 | 4.4x | +26% |
| FY2020 Q2 | - | $36.71 | $6.97 | 5.3x | +51% |
| FY2020 Q1 | - | $26.48 | $6.85 | 3.9x | +11% |
| FY2019 Q4 | - | $23.35 | $7.24 | 3.2x | -7% |
| FY2019 Q3 | Sep 30 2019 | $21.33 | $5.89 | 3.6x | +4% |
| FY2019 Q2 | Jun 30 2019 | $19.12 | $5.56 | 3.4x | -1% |
| FY2019 Q1 | Mar 31 2019 | $18.28 | $5.90 | 3.1x | -11% |
| FY2018 Q4 | Dec 31 2018 | $15.83 | $5.81 | 2.7x | -22% |
| FY2018 Q3 | Sep 30 2018 | $16.57 | $5.90 | 2.8x | -19% |
| FY2018 Q2 | Jun 30 2018 | $20.00 | $5.56 | 3.6x | +3% |
| FY2018 Q1 | Mar 31 2018 | $14.99 | $4.49 | 3.3x | -4% |
| FY2017 Q4 | Dec 31 2017 | $15.85 | $4.41 | 3.6x | +3% |
| FY2017 Q3 | Sep 30 2017 | $14.04 | $3.74 | 3.8x | +8% |
| FY2017 Q2 | Jun 30 2017 | $13.96 | $3.56 | 3.9x | +13% |
| FY2017 Q1 | Mar 31 2017 | $13.09 | $3.19 | 4.1x | +18% |
| FY2016 Q4 | Dec 31 2016 | $12.07 | $2.87 | 4.2x | +21% |
Average P/E for displayed period: 3.5x
Full Stock Analysis
Deep dive into ZTO consensus models and risk factors.
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
10+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
ZTO — Frequently Asked Questions
Quick answers to the most common questions about buying ZTO stock.
What is ZTO's P/E ratio?
ZTO Express (Cayman) Inc. (ZTO) trailing twelve-month P/E ratio is 13.6x, based on TTM diluted EPS of $10.47. The 5-year average P/E is 3.4x and the historical range spans 1.7x to 5.9x.
Is ZTO stock overvalued or undervalued?
ZTO trades at 13.6x P/E, above its 5-year average of 3.4x. The 100th percentile ranking within the 1.7x–5.9x historical range indicates a premium to historical valuation.
Is ZTO stock expensive?
Yes, ZTO is expensive relative to its own history. The current P/E of 13.6x is above the 5-year average of 3.4x. The stock sits at the 100th percentile of its 5-year valuation range.
What is ZTO's historical P/E range?
Over the past 5 years, ZTO's P/E ratio has ranged from 1.7x to 5.9x, with a median of 3.1x and an average of 3.4x. The current P/E of 13.6x places the stock at the 100th percentile of this range. Full historical data spans 2016–2025.
How does ZTO's P/E compare to the S&P 500?
ZTO trades at 13.6x P/E versus the S&P 500 median of 24.4x. The 44% discount to the market suggests lower growth expectations or perceived higher risk.
How does ZTO's valuation compare to Industrials peers?
ZTO Express (Cayman) Inc. P/E of 13.6x compares to the Industrials sector median of 25.6x. The discount suggests lower growth expectations, weaker margins, or higher perceived risk relative to peers. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is ZTO's PEG ratio?
ZTO PEG ratio is 0.91, based on a P/E of 13.6x and EPS growth of 2.0%. A PEG below 1.0 indicates the valuation is supported by the earnings growth rate — typically considered attractive.
What is ZTO's earnings yield?
ZTO earnings yield is 7.33%, the inverse of its 13.6x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.