Ziff Davis, Inc. (ZD) — Fundamental Analysis & Key Financial Ratios

Kaplio overview: Ziff Davis, Inc.

Market cap $2B · 52 weeks $27 – $59 (5 % below the high) · P/E 3.1× · 2027 expected P/E 9.6× · Dividend none · Next earnings November 5, 2026 · expected EPS $1.17 · Price as of Oct 2 · accounts published Aug 6.

• Valuation: P/E 3.1× (cheap).
• Business: EBITDA margin 22.6 % (solid).
• Balance sheet: Net debt/EBITDA 0.9× (solid).
• Earnings: 6 of 8 (on track).

What would it be worth at its usual multiples?

On the earnings the consensus expects for 2027 ($5.79 per share): at the decade median (26.7×) $155 (+178 %); at its sector median (17.2×) $100 (+79 %). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.

Note: earnings per share over the last twelve months ($17.82) are far from the consensus for 2027 ($5.79), so the current P/E is not representative: this range uses expected earnings.

What matters in communication: 6 of 6 pass

• 3y revenue growth 6.1 %, passes, near the threshold.
• EBITDA margin 22.6 %, passes.
• FCF yield 12.6 %, passes.
• Capex / Revenue 8.2 %, passes.
• Net debt / EBITDA 0.9×, passes.
• EV/EBITDA vs own 5y 5.3×, passes.
• Payout on FCF 0.0 %, info.

Against its peers (reference peers) — Ziff Davis, Inc.: P/E 3.1×; EV/EBITDA 5.3×; ROIC 4.8 %; $2.1B. AMC Entertainment Holdings, Inc. (P/E —; EV/EBITDA 21.8×; ROIC 4.0 %; $2.9B), Liftoff Mobile, Inc. Common Stock (P/E —; EV/EBITDA 24.8×; ROIC 11.6 %; $2.6B), Pattern Group Inc. Series A Common Stock (P/E —; EV/EBITDA 72.0×; ROIC 5.8 %; $2.6B).

Expensive or cheap against its last ten years?

P/E at each close: today 3.1× · median 26.7× · minimum 3.1× · maximum 70.5× · cheap below 22.9× · expensive above 47.5×. Earnings over the last 12 months are distorted: today's P/E compared with its history is not representative.