Zillow Group, Inc. Class C (Z) is a publicly traded company in the Communication Services — Internet Content & Information industry listed on NASDAQ. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
Zillow Group, Inc. functions as a prominent digital real estate enterprise, offering a variety of real estate platforms accessible through mobile applications and websites throughout the United States. The company's operations are divided into three principal segments: Homes, Internet, Media & Technology (IMT), and Mortgages.
Is Zillow Group, Inc. Class C stock overvalued or undervalued in 2026?
Zillow Group, Inc. Class C (Z) trades at 140× earnings (P/E), against a median of 20.0× across the 80 communication companies above $2bn in Kaplio's universe. No valuation verdict: it earns very little for its market value, and with such small earnings there is no reliable reference price.
Kaplio overview: Zillow Group, Inc. Class C
Market cap $7B · 52 weeks $27 – $76 (59 % below the high) · P/E 140× · 2027 expected P/E 10.8× · Dividend none · Next earnings November 4, 2026 · expected EPS $0.58 · Closing price, Oct 30 · accounts published Aug 5.
- Valuation: P/E 140.2× (no verdict).
- Business: EBITDA margin 13.0 % (weak).
- Balance sheet: Net cash/EBITDA 0.7× (solid).
- Earnings: 6 of 8 (uneven).
What would it be worth at its usual multiples?
No valuation verdict: it earns very little for its market value (it trades at 140 times earnings; its sector median, 20.0).
Why is Zillow Group, Inc. Class C's P/E so low?
Zillow Group, Inc. Class C trades at a P/E of 140× on reported earnings, but over the last 12 months 80 % of its pre-tax income ($48.0M) came from outside the business, such as revaluations or sales of stakes in other companies. It is real money, but it doesn't repeat every year. Without that part, its P/E would be about 701×. Kaplio's calculation from the official quarterly accounts filed up to the quarter ended June 30, 2026.
| Quarter ended | From the business | Outside the business | Net income |
|---|---|---|---|
| September 30, 2025 | $15.0M | $10.0M | |
| December 31, 2025 | $14.0M | $3.0M | |
| March 31, 2026 | $36.0M | $12.0M | $46.0M |
| June 30, 2026 | $7.0M |
What matters in communication: 4 of 6 pass
- EBITDA margin 13.0 %, fails.
- 3y revenue growth 9.7 %, borderline.
- FCF yield 3.1 %, passes, near the threshold.
- Capex / Revenue 5.1 %, passes.
- Net debt / EBITDA −0.7×, passes.
- EV/EBITDA vs own 5y 20.5×, passes.
- Payout on FCF n/a: it pays no dividend, info.
Against its peers (reference peers) — Zillow Group, Inc. Class C: P/E 140×; EV/EBITDA 20.5×; ROIC 0.2 %; $7.0B. Compass, Inc. (P/E 83.8×; EV/EBITDA 95.3×; ROIC 0.2 %; $6.8B), AppFolio Inc. (P/E 45.0×; EV/EBITDA 31.7×; ROIC 26.6 %; $7.6B), CoStar Group, Inc. (P/E 69.0×; EV/EBITDA 22.4×; ROIC 1.7 %; $12.2B).
Profitability
| Return on Equity | 1.18% |
| Return on Invested Capital | 0.23% |
| Return on Assets | 1.04% |
| Gross Margin | 72.88% |
| Operating Margin | 0.43% |
| Net Margin | 1.96% |
Financial Health
| Debt / Equity | 0.13 |
| Current Ratio | 1.92 |
| Piotroski F-Score | 6 |
| Altman Z-Score | 12.65 |
Price Performance
| 1 month | +11.57% |
| 3 months | -9.10% |
| Year-to-date | -54.62% |
| 1 year | -58.71% |
| 3 years | -15.09% |
| 5 years | -68.13% |
| 10 years | -11.82% |
Related companies: CSGP · APPF · BEKE · COMP
Explore sector: Communication Services · Internet Content & Information
More sections of Z: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
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