ZH Relative Valuation
ZH'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, ZH is overvalued; if below, it's undervalued.
Historical Valuation
Zhihu Inc (ZH) is now in the Fair zone, suggesting that its current forward PS ratio of 0.00 is considered Fairly compared with the five-year average of -19.29. The fair price of Zhihu Inc (ZH) is between NaN to NaN according to relative valuation methord.
Relative Value
Fair Zone
NaN-NaN
Current Price：3.43
Fair
44.50
PE
1Y
3Y
5Y
Trailing
Forward
9.93
EV/EBITDA
Zhihu Inc. (ZH) has a current EV/EBITDA of 9.93. The 5-year average EV/EBITDA is -1.07. The thresholds are as follows: Strongly Undervalued below -25.72, Undervalued between -25.72 and -13.39, Fairly Valued between 11.26 and -13.39, Overvalued between 11.26 and 23.58, and Strongly Overvalued above 23.58. The current Forward EV/EBITDA of 9.93 falls within the Historic Trend Line -Fairly Valued range.
8.26
EV/EBIT
Zhihu Inc. (ZH) has a current EV/EBIT of 8.26. The 5-year average EV/EBIT is -0.62. The thresholds are as follows: Strongly Undervalued below -17.86, Undervalued between -17.86 and -9.24, Fairly Valued between 8.01 and -9.24, Overvalued between 8.01 and 16.63, and Strongly Overvalued above 16.63. The current Forward EV/EBIT of 8.26 falls within the Overvalued range.
0.79
PS
Zhihu Inc. (ZH) has a current PS of 0.79. The 5-year average PS is 2.44. The thresholds are as follows: Strongly Undervalued below -3.58, Undervalued between -3.58 and -0.57, Fairly Valued between 5.44 and -0.57, Overvalued between 5.44 and 8.45, and Strongly Overvalued above 8.45. The current Forward PS of 0.79 falls within the Historic Trend Line -Fairly Valued range.
-16.50
P/OCF
Zhihu Inc. (ZH) has a current P/OCF of -16.50. The 5-year average P/OCF is -16.53. The thresholds are as follows: Strongly Undervalued below -45.72, Undervalued between -45.72 and -31.12, Fairly Valued between -1.93 and -31.12, Overvalued between -1.93 and 12.67, and Strongly Overvalued above 12.67. The current Forward P/OCF of -16.50 falls within the Historic Trend Line -Fairly Valued range.
-19.50
P/FCF
Zhihu Inc. (ZH) has a current P/FCF of -19.50. The 5-year average P/FCF is -23.34. The thresholds are as follows: Strongly Undervalued below -153.21, Undervalued between -153.21 and -88.27, Fairly Valued between 41.60 and -88.27, Overvalued between 41.60 and 106.53, and Strongly Overvalued above 106.53. The current Forward P/FCF of -19.50 falls within the Historic Trend Line -Fairly Valued range.
Zhihu Inc (ZH) has a current Price-to-Book (P/B) ratio of 0.49. Compared to its 3-year average P/B ratio of 0.71 , the current P/B ratio is approximately -30.15% higher. Relative to its 5-year average P/B ratio of 1.29, the current P/B ratio is about -61.71% higher. Zhihu Inc (ZH) has a Forward Free Cash Flow (FCF) yield of approximately 0.00%. Compared to its 3-year average FCF yield of -3.95%, the current FCF yield is approximately -100.00% lower. Relative to its 5-year average FCF yield of -2.72% , the current FCF yield is about -100.00% lower.
0.48
P/B
Median3y
0.71
Median5y
1.29
0.00
FCF Yield
Median3y
-3.95
Median5y
-2.72
Competitors Valuation Multiple
The average P/S ratio for ZH's competitors is , providing a benchmark for relative valuation. Zhihu Inc Corp (ZH) exhibits a P/S ratio of , which is NaN% above the industry average. Given its robust revenue growth of -23.23%, this premium appears unsustainable.
P/S
P/E
EV/EBITDA
EV/EBIT
P/S
Revenue Growth
Market Cap
Performance Decomposition
1Y
3Y
5Y
Market capitalization of ZH decreased by 3.11% over the past 1 year. The primary factor behind the change was an increase in P/E Change from 6.00 to 20.24.
The secondary factor is the Revenue Growth, contributed -23.23%to the performance.
Overall, the performance of ZH in the past 1 year is driven by P/E Change. Which is more unsustainable.
People Also Watch
FAQ
Is Zhihu Inc (ZH) currently overvalued or undervalued?
What is Zhihu Inc (ZH) fair value?
How does ZH's valuation metrics compare to the industry average?
What is the current P/B ratio for Zhihu Inc (ZH) as of Dec 05 2025?
What is the current FCF Yield for Zhihu Inc (ZH) as of Dec 05 2025?
What is the current Forward P/E ratio for Zhihu Inc (ZH) as of Dec 05 2025?