Valuation dashboard for Zillow Group, Inc. Class C (Z) with P/E 140.15, P/B 1.69, EV/EBITDA 20.4 and dividend yield 0.00%. DCF, Graham Number, EPS growth, peer multiples and dividend discount models plus sector comparison against other Communication Services companies.
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.
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, 19.1).
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 |
Analysis Summary
Zillow Group, Inc. Class C reported revenue of $2.58B in the most recent fiscal year, growing at a 5-year CAGR of 9.7%.
Trailing-twelve-month margins: gross margin 72.9%, operating margin 0.4%, net margin 2.0%.
At $30.96 (closing price, October 30, 2026), Z trades at a P/E of 140.15 and an ROE of 1.18%. Market capitalisation stands at $7.0B.
Balance sheet quality for Z: debt-to-equity ratio of 0.13, current ratio of 1.92 over the last 12 months. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.
Valuation Ratios
| P/E Ratio | 140.15 |
| Price / Book | 1.69 |
| EV / EBITDA | 20.4 |
| Dividend Yield | 0.00% |
Peer Comparison
| Symbol | Company | Market Cap | P/E | P/B | ROE |
|---|---|---|---|---|---|
| Z | Zillow Group, Inc. Class C | $7.0B | 140.15 | 1.69 | 1.2% |
| CSGP | CoStar Group, Inc. | $12.2B | 69.01 | 1.52 | 2.2% |
| APPF | AppFolio Inc. | $7.6B | 44.99 | 12.97 | 32.0% |
| BEKE | KE Holdings Inc. | $19.4B | 27.11 | 1.92 | 7.0% |
| COMP | Compass, Inc. | $6.8B | 83.80 | 1.73 | 3.6% |
Price
| Price | $30.96 (closing price, October 30, 2026) |
| Market Cap | $7.0B |
| Exchange | NASDAQ |
| Country | US |
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% |
Related companies: CSGP · APPF · BEKE · COMP
Explore sector: Communication Services · Internet Content & Information
More sections of Z: Overview · Financials · Statistics · Estimates · Technical · Ownership · News · Events
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