ZBRA PE Ratio & Valuation,Is ZBRA Overvalued

ZBRA Relative Valuation

ZBRA's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, ZBRA is overvalued; if below, it's undervalued.

Historical Valuation

Zebra Technologies Corp (ZBRA) is now in the Undervalued zone, suggesting that its current forward PE ratio of 14.45 is considered Undervalued compared with the five-year average of 23.57. The fair price of Zebra Technologies Corp (ZBRA) is between 283.64 to 454.44 according to relative valuation methord. Compared to the current price of 246.96 USD , Zebra Technologies Corp is Undervalued By 12.93%.

Relative Value

Fair Zone

283.64-454.44

Current Price：246.96

12.93%

Undervalued

14.45

10.89

EV/EBITDA

Zebra Technologies Corp. (ZBRA) has a current EV/EBITDA of 10.89. The 5-year average EV/EBITDA is 17.84. The thresholds are as follows: Strongly Undervalued below 9.24, Undervalued between 9.24 and 13.54, Fairly Valued between 22.14 and 13.54, Overvalued between 22.14 and 26.44, and Strongly Overvalued above 26.44. The current Forward EV/EBITDA of 10.89 falls within the Undervalued range.

11.61

EV/EBIT

Zebra Technologies Corp. (ZBRA) has a current EV/EBIT of 11.61. The 5-year average EV/EBIT is 18.98. The thresholds are as follows: Strongly Undervalued below 10.15, Undervalued between 10.15 and 14.57, Fairly Valued between 23.40 and 14.57, Overvalued between 23.40 and 27.81, and Strongly Overvalued above 27.81. The current Forward EV/EBIT of 11.61 falls within the Undervalued range.

2.15

Zebra Technologies Corp. (ZBRA) has a current PS of 2.15. The 5-year average PS is 3.43. The thresholds are as follows: Strongly Undervalued below 1.54, Undervalued between 1.54 and 2.49, Fairly Valued between 4.38 and 2.49, Overvalued between 4.38 and 5.32, and Strongly Overvalued above 5.32. The current Forward PS of 2.15 falls within the Undervalued range.

12.58

P/OCF

Zebra Technologies Corp. (ZBRA) has a current P/OCF of 12.58. The 5-year average P/OCF is 41.46. The thresholds are as follows: Strongly Undervalued below -115.76, Undervalued between -115.76 and -37.15, Fairly Valued between 120.07 and -37.15, Overvalued between 120.07 and 198.68, and Strongly Overvalued above 198.68. The current Forward P/OCF of 12.58 falls within the Historic Trend Line -Fairly Valued range.

13.61

P/FCF

Zebra Technologies Corp. (ZBRA) has a current P/FCF of 13.61. The 5-year average P/FCF is 12.48. The thresholds are as follows: Strongly Undervalued below -119.88, Undervalued between -119.88 and -53.70, Fairly Valued between 78.67 and -53.70, Overvalued between 78.67 and 144.85, and Strongly Overvalued above 144.85. The current Forward P/FCF of 13.61 falls within the Historic Trend Line -Fairly Valued range.

Zebra Technologies Corp (ZBRA) has a current Price-to-Book (P/B) ratio of 3.36. Compared to its 3-year average P/B ratio of 4.74 , the current P/B ratio is approximately -29.02% higher. Relative to its 5-year average P/B ratio of 6.37, the current P/B ratio is about -47.20% higher. Zebra Technologies Corp (ZBRA) has a Forward Free Cash Flow (FCF) yield of approximately 6.30%. Compared to its 3-year average FCF yield of 2.96%, the current FCF yield is approximately 112.83% lower. Relative to its 5-year average FCF yield of 3.31% , the current FCF yield is about 89.97% lower.

3.36

P/B

Median3y

4.74

Median5y

6.37

6.30

FCF Yield

Median3y

2.96

Median5y

3.31

Competitors Valuation Multiple

The average P/S ratio for ZBRA's competitors is 156.58, providing a benchmark for relative valuation. Zebra Technologies Corp Corp (ZBRA) exhibits a P/S ratio of 2.15, which is -98.63% above the industry average. Given its robust revenue growth of 5.18%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

Revenue Growth

Market Cap

Performance Decomposition

Market capitalization of ZBRA decreased by 36.99% over the past 1 year. The primary factor behind the change was an increase in Revenue Growth from 1.26B to 1.32B.

The secondary factor is the P/E Change, contributed -12.22%to the performance.

Overall, the performance of ZBRA in the past 1 year is driven by Revenue Growth. Which is more sustainable.

5.18%

1.26B → 1.32B

Revenue Growth

-29.95%

10.92 → 7.65

Margin Expansion

-12.22%

28.50 → 25.02

P/E Change

-36.99%

391.94 → 246.96

Mkt Cap Growth

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Frequently Asked Questions

Is Zebra Technologies Corp (ZBRA) currently overvalued or undervalued?

What is Zebra Technologies Corp (ZBRA) fair value?

ZBRA's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average , adjusted by weights. The fair price of Zebra Technologies Corp (ZBRA) is between 283.64 to 454.44 according to relative valuation methord.

How does ZBRA's valuation metrics compare to the industry average?

What is the current P/B ratio for Zebra Technologies Corp (ZBRA) as of Jan 09 2026?

As of Jan 09 2026, Zebra Technologies Corp (ZBRA) has a P/B ratio of 3.36. This indicates that the market values ZBRA at 3.36 times its book value.

What is the current FCF Yield for Zebra Technologies Corp (ZBRA) as of Jan 09 2026?

As of Jan 09 2026, Zebra Technologies Corp (ZBRA) has a FCF Yield of 6.30%. This means that for every dollar of Zebra Technologies Corp’s market capitalization, the company generates 6.30 cents in free cash flow.

What is the current Forward P/E ratio for Zebra Technologies Corp (ZBRA) as of Jan 09 2026?

As of Jan 09 2026, Zebra Technologies Corp (ZBRA) has a Forward P/E ratio of 14.45. This means the market is willing to pay $14.45 for every dollar of Zebra Technologies Corp’s expected earnings over the next 12 months.

What is the current Forward P/S ratio for Zebra Technologies Corp (ZBRA) as of Jan 09 2026?

As of Jan 09 2026, Zebra Technologies Corp (ZBRA) has a Forward P/S ratio of 2.15. This means the market is valuing ZBRA at $2.15 for every dollar of expected revenue over the next 12 months.

ZBRA Valuation