Zscaler Inc
NASDAQ:ZS

Watchlist Manager
Zscaler Inc Logo
Zscaler Inc
NASDAQ:ZS
Watchlist
Price: 201.09 USD -0.88% Market Closed
Market Cap: 31.1B USD
Have any thoughts about
Zscaler Inc?
Write Note
Section:
 

Relative Value

The Relative Value of one ZS stock under the Base Case scenario is 87.09 USD. Compared to the current market price of 201.09 USD, Zscaler Inc is Overvalued by 57%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

ZS Relative Value
Base Case
87.09 USD
Overvaluation 57%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

12.8
P/S
P/S
Price to Sales
12.8
vs History
82
vs Industry
8
Median 3Y
14.2
Median 5Y
18.8
Industry
2.2
Forward
11.4
More Details
Negative
P/E
P/E
Price to Earnings
N/A
vs History
vs Industry
Median 3Y
-118.4
Median 5Y
-138.6
Industry
21.6
Forward
63.5
More Details
35
P/OCF
P/OCF
Price to OCF
35
vs History
87
vs Industry
15
Median 3Y
46.8
Median 5Y
64.7
Industry
16.3
More Details
45.1
P/FCFE
P/FCFE
Price to FCFE
45.1
vs History
84
vs Industry
14
Median 3Y
65.8
Median 5Y
72.2
Industry
20.5
More Details
19.4
P/B
P/B
Price to Book Value
19.4
vs History
95
vs Industry
4
Median 3Y
32.8
Median 5Y
37
Industry
2.7
More Details
12.1
EV/S
EV/S
Enterprise Value to Sales
12.1
vs History
87
vs Industry
8
Median 3Y
13.6
Median 5Y
18.1
Industry
2.2
Forward
10.8
More Details
15.6
EV/GP
EV/GP
Enterprise Value to Gross Profit
15.6
vs History
84
vs Industry
14
Median 3Y
17.5
Median 5Y
23.4
Industry
4.5
More Details
Negative
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
N/A
vs History
vs Industry
Median 3Y
-151.6
Median 5Y
-210.1
Industry
12.1
Forward
42.7
More Details
Negative
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
N/A
vs History
vs Industry
Median 3Y
-126.3
Median 5Y
-154.9
Industry
15.5
Forward
50.2
More Details
33.1
EV/OCF
EV/OCF
Enterprise Value to OCF
33.1
vs History
88
vs Industry
16
Median 3Y
44.9
Median 5Y
62.3
Industry
14.7
More Details
42.3
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
42.3
vs History
88
vs Industry
12
Median 3Y
62.9
Median 5Y
86.7
Industry
17.6
More Details
14
EV/IC
EV/IC
Enterprise Value to IC
14
vs History
82
vs Industry
6
Median 3Y
15.8
Median 5Y
21.9
Industry
2.3
More Details

Multiples Across Competitors

ZS Competitors Multiples
Zscaler Inc Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
US
Zscaler Inc
NASDAQ:ZS
31.1B USD 12.8 -2 003.6 -31 866.5 -291.6
US
Microsoft Corp
NASDAQ:MSFT
2.7T USD 10.4 29.5 19 23.2
US
Oracle Corp
NYSE:ORCL
360.5B USD 6.5 29.6 18.1 24.3
US
ServiceNow Inc
NYSE:NOW
159.4B USD 14.5 111.9 80.5 113.8
US
Palo Alto Networks Inc
NASDAQ:PANW
110.7B USD 12.9 88.3 78.6 102.9
US
CrowdStrike Holdings Inc
NASDAQ:CRWD
93.1B USD 23.5 -4 831.4 930.4 -760.4
US
Fortinet Inc
NASDAQ:FTNT
73.7B USD 12.4 42.2 36.1 38.5
US
VMware Inc
XETRA:BZF1
58B EUR 4.9 46.3 21.4 36.1
US
Xperi Holding Corp
LSE:0M2A
54.6B USD 145.2 845.1 255.6 386.3
IL
Check Point Software Technologies Ltd
NASDAQ:CHKP
23.6B USD 9.2 28 23.2 25.4
IL
Cyberark Software Ltd
NASDAQ:CYBR
16.1B USD 16.1 -172.3 -495.9 -210
P/E Multiple
Earnings Growth PEG
US
Zscaler Inc
NASDAQ:ZS
Average P/E: 152.6
Negative Multiple: -2 003.6 		N/A N/A
US
Microsoft Corp
NASDAQ:MSFT
29.5
15%
2
US
Oracle Corp
NYSE:ORCL
29.6
30%
1
US
ServiceNow Inc
NYSE:NOW
111.9
53%
2.1
US
Palo Alto Networks Inc
NASDAQ:PANW
88.3
4%
22.1
US
CrowdStrike Holdings Inc
NASDAQ:CRWD
Negative Multiple: -4 831.4 N/A N/A
US
Fortinet Inc
NASDAQ:FTNT
42.2
15%
2.8
US
V
VMware Inc
XETRA:BZF1
46.3
39%
1.2
US
Xperi Holding Corp
LSE:0M2A
845.1
N/A N/A
IL
Check Point Software Technologies Ltd
NASDAQ:CHKP
28
16%
1.7
IL
Cyberark Software Ltd
NASDAQ:CYBR
Negative Multiple: -172.3 N/A N/A
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
US
Zscaler Inc
NASDAQ:ZS
Average EV/EBITDA: 162.5
Negative Multiple: -31 866.5 		N/A N/A
US
Microsoft Corp
NASDAQ:MSFT
19
15%
1.3
US
Oracle Corp
NYSE:ORCL
18.1
24%
0.8
US
ServiceNow Inc
NYSE:NOW
80.5
54%
1.5
US
Palo Alto Networks Inc
NASDAQ:PANW
78.6
49%
1.6
US
CrowdStrike Holdings Inc
NASDAQ:CRWD
930.4
179%
5.2
US
Fortinet Inc
NASDAQ:FTNT
36.1
18%
2
US
V
VMware Inc
XETRA:BZF1
21.4
19%
1.1
US
Xperi Holding Corp
LSE:0M2A
255.6
N/A N/A
IL
Check Point Software Technologies Ltd
NASDAQ:CHKP
23.2
12%
1.9
IL
Cyberark Software Ltd
NASDAQ:CYBR
Negative Multiple: -495.9 N/A N/A
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
US
Zscaler Inc
NASDAQ:ZS
Average EV/EBIT: 93.8
Negative Multiple: -291.6 		N/A N/A
US
Microsoft Corp
NASDAQ:MSFT
23.2
15%
1.5
US
Oracle Corp
NYSE:ORCL
24.3
28%
0.9
US
ServiceNow Inc
NYSE:NOW
113.8
66%
1.7
US
Palo Alto Networks Inc
NASDAQ:PANW
102.9
60%
1.7
US
CrowdStrike Holdings Inc
NASDAQ:CRWD
Negative Multiple: -760.4 N/A N/A
US
Fortinet Inc
NASDAQ:FTNT
38.5
18%
2.1
US
V
VMware Inc
XETRA:BZF1
36.1
30%
1.2
US
Xperi Holding Corp
LSE:0M2A
386.3
N/A N/A
IL
Check Point Software Technologies Ltd
NASDAQ:CHKP
25.4
14%
1.8
IL
Cyberark Software Ltd
NASDAQ:CYBR
Negative Multiple: -210 N/A N/A

See Also

Summary
ZS intrinsic value, competitors valuation, and company profile.
DCF Valuation
ZS stock valuation using Discount Cash Flow valuation method.
Relative Valuation
ZS stock valuation using valuation multiples.
Wall Street Estimates
ZS price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
ZS stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
Back to Top
ALPHA SPREAD
Follow us
Join more than 247,500+ value investors using Alpha Spread
Create a free account
or see our plans & pricing

Company

About Us Careers Pricing Affiliate Program Terms of Service Privacy Policy

Help

What is Intrinsic Value? Help Center Contact Us

Tools

Stock Screener Intrinsic Value Calculator DCF Value Calculator Discount Rate Calculator

Stocks

Most Undervalued Stocks Wide Economic Moat Stocks High Profitability Stocks High Solvency Stocks Most Popular Stocks

© 2025 Alpha Spread Limited. All Rights Reserved.

www.alphaspread.com is not operated by a broker, a dealer, or a registered investment adviser. Under no circumstances does any information posted on www.alphaspread.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. In no event shall Alpha Spread Limited be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on www.alphaspread.com, or relating to the use of, or inability to use, www.alphaspread.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance.