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Zscaler, Inc. ZS NASDAQ

NASDAQ Global Select • Technology • Software - Infrastructure • US • USD

SharesGrow Score
54/100
4/7 Pass
SharesGrow Intrinsic Value
$127.21
+3.7%
Analyst Price Target
$282.47
+130.2%
SharesGrow 7-Criteria Score All 7 criteria scored · valuation-related highlighted on this page

Zscaler, Inc. (ZS) has a negative trailing P/E of -302.2, meaning the company is currently unprofitable on a trailing twelve-month (TTM) basis. The forward P/E of 30.6 based on analyst estimates suggests a return to profitability is expected. Trailing earnings yield is -0.33%, forward earnings yield 3.27%. PEG 5.10.

Criteria proven by this page:

  • VALUE (60/100, Pass) — analyst target implies upside (+130.2%).
  • Forward P/E 30.6 — analysts expect a return to profitability with estimated EPS of $4.01 for FY2026.
  • PEG Ratio 5.10 — above 2.0 suggests expensive relative to earnings growth.
  • Trailing Earnings Yield -0.33% — negative yield confirms the company is currently unprofitable. Investors are paying for a turnaround rather than current earnings. Forward yield improves to 3.27% as earnings recover.
  • Analyst consensus target $282.47 (+130.2% upside) — significant upside potential according to Wall Street analysts.

Overall SharesGrow Score: 54/100 with 4/7 criteria passed.

SharesGrow 7-Criteria Score
54/100
SG Score
View full scorecard →
VALUE
60/100
Price-to-Earnings & upside
Proven by this page
FUTURE
85/100
Analyst consensus
→ Forecast
PAST
0/100
→ Income
~
HEALTH
50/100
Debt-to-Equity & liquidity
→ Health
MOAT
76/100
→ Income
GROWTH
100/100
→ Income
INCOME
10/100
→ Income

Valuation Snapshot — ZS

Valuation Multiples
P/E (TTM)-302.2
Forward P/E30.6
PEG Ratio5.10
Forward PEG5.10
P/B Ratio9.31
P/S Ratio6.86
EV/EBITDA154.2
Per Share Data
EPS (TTM)$-0.42
Forward EPS (Est.)$4.01
Book Value / Share$13.75
Revenue / Share$18.79
FCF / Share$5.91
Yields & Fair Value
Earnings Yield-0.33%
Forward Earnings Yield3.27%
Dividend Yield0.00%
SharesGrow IV$127.21 (+3.7%)
Analyst Target$282.47 (+130.2%)

Historical Valuation

Year P/E (TTM) PEG Ratio P/B Ratio P/S Ratio Dividend Yield
2016 -33.8 -0.34 13.93 11.56 -
2017 -96.4 1.48 68.62 27.20 -
2018 -67.0 -1.20 9.39 11.86 -
2019 -363.4 6.42 33.75 34.38 -
2020 -145.9 -0.51 34.64 38.94 -
2021 -122.1 -1.05 60.51 47.54 -
2022 -55.4 -1.27 37.72 19.82 -
2023 -114.9 2.32 32.06 14.38 -
2024 -464.9 6.44 21.06 12.38 -
2025 -1,063.0 34.55 24.51 16.49 -

EPS: Actual vs Estimates

P/E Ratio & Earnings Yield

Earnings Per Share (EPS) History

Year EPS (Diluted) Revenue Net Income Net Margin
2016 $-0.26 $80.33M $-27.44M -34.2%
2017 $-0.34 $125.72M $-35.46M -28.2%
2018 $-0.53 $190.17M $-33.65M -17.7%
2019 $-0.23 $302.84M $-28.66M -9.5%
2020 $-0.89 $431.27M $-115.12M -26.7%
2021 $-1.93 $673.1M $-262.03M -38.9%
2022 $-2.77 $1.09B $-390.28M -35.8%
2023 $-1.40 $1.62B $-202.34M -12.5%
2024 $-0.39 $2.17B $-57.71M -2.7%
2025 $-0.27 $2.67B $-41.48M -1.6%

Analyst Estimates

Year EPS (Avg) EPS Range Revenue (Avg) Revenue Range Analysts
2026 $4.00 $3.80 – $4.49 $3.32B $3.3B – $3.34B 26
2027 $4.57 $3.86 – $5.29 $3.97B $3.89B – $4.06B 27
2028 $5.53 $-8.57 – $29.58 $4.72B $4.72B – $4.73B 11
2029 $4.31 $4.23 – $4.41 $5.42B $5.35B – $5.52B 9
2030 $5.05 $4.96 – $5.17 $6.32B $6.24B – $6.43B 4
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