ZTO Express (Cayman) Inc. (ZTO) is a publicly traded company in the Industrials — Integrated Freight & Logistics industry listed on NYSE. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
ZTO Express (Cayman) Inc. is a leading provider of expedited parcel delivery and integrated logistics services throughout the People's Republic of China. The company facilitates shipments for a diverse clientele, including online retailers, traditional businesses, and various other entities requiring swift courier solutions. By the end of 2021, specifically December 31, its operations were supported by a substantial vehicle network comprising approximately 10,900 trucks.
Is ZTO Express (Cayman) Inc. stock overvalued or undervalued in 2026?
As of October 2, 2026, ZTO Express (Cayman) Inc. (ZTO) trades at 10.1× earnings (P/E), against a median of 26.1× across the 274 industrials companies above $2bn in Kaplio's universe. Kaplio's verdict: cheap. At the decade median (23.3×) $45 (+132 %); at its sector median (26.1×) $51 (+159 %).
Kaplio overview: ZTO Express (Cayman) Inc.
Market cap $15B · 52 weeks $18 – $26 (24 % below the high) · P/E 10.1× · 2027 expected P/E 8.6× · Dividend 3.5 % · Next earnings November 18, 2026 · expected EPS $0.48 · Price as of Oct 2 · accounts published Aug 18.
- Valuation: P/E 10.1× (cheap).
- Business: ROIC 11 % (fair).
- Balance sheet: Net debt/EBITDA 0.1× (solid).
- Earnings: 4 of 8 (uneven).
What would it be worth at its usual multiples?
At the decade median (23.3×) $45 (+132 %); at its sector median (26.1×) $51 (+159 %). 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.
What matters in industrials: 7 of 10 pass
- ROIC 10.9 %, fails.
- FCF conversion 66.7 %, fails.
- Capex / Revenue 12.7 %, fails.
- 5y revenue growth 13.6 %, passes.
- Operating margin 19.6 %, passes.
- Net debt / EBITDA 0.1×, passes.
- Altman Z-Score 4.6, passes.
- Piotroski F-Score 7 de 9, passes.
- P/E vs own 10y history 10.1×, passes.
- Cycle-adjusted EV/EBITDA 7.9×, passes.
Against its peers (reference peers) — ZTO Express (Cayman) Inc.: P/E 10.1×; EV/EBITDA 7.9×; ROIC 10.9 %; $15.4B. C.H. Robinson Worldwide, Inc. (P/E 30.1×; EV/EBITDA 20.4×; ROIC 18.6 %; $18.6B), J.B. Hunt Transport Services, Inc. (P/E 33.2×; EV/EBITDA 14.1×; ROIC 11.1 %; $22.0B), Expeditors International of Washington, Inc. (P/E 28.0×; EV/EBITDA 16.9×; ROIC 26.6 %; $25.2B).
Expensive or cheap against its last ten years?
P/E at each close: today 10.1× · median 23.3× · minimum 10.1× · maximum 48.3× · cheap below 17.2× · expensive above 31.5×. It has been cheaper than today only 0% of the time over its last ten years.
Dividend
tight · Yield 3.51 % ($0.70 per ADS in 2025) · paying since 2018 · 5-year growth +18 % a year · Free cash flow coverage 1.6× · With $1,000 invested today you'd collect $35.10 a year ($2.93 a month).
Investor methods verdict
Would Buffett approve ZTO Express (Cayman) today?
The Buffett Method approves ZTO Express (Cayman) today: it yields 9.9% before tax; it asks for 10%. Business quality: 83 out of 100 (price not included). Kaplio assessment with data from the week of 2026-10-05; not investment advice.
Would Peter Lynch approve ZTO Express (Cayman) today?
The Lynch Method would not approve ZTO Express (Cayman) today: it fails its quality rules. Business quality: 82 out of 100 (price not included). Lynch classifies it as a stalwart. Kaplio assessment with data from the week of 2026-10-05; not investment advice.
Profitability
| Return on Equity | 15.95% |
| Return on Invested Capital | 10.89% |
| Return on Assets | 10.37% |
| Gross Margin | 25.10% |
| Operating Margin | 20.21% |
| Net Margin | 19.04% |
Financial Health
| Debt / Equity | 0.35 |
| Current Ratio | 1.67 |
| Piotroski F-Score | 7 |
| Altman Z-Score | 4.59 |
Price Performance
| 1 month | -5.97% |
| 3 months | -15.16% |
| Year-to-date | -5.70% |
| 1 year | +2.34% |
| 3 years | -19.95% |
| 5 years | -37.20% |
Dividend History
Paid in the last 12 months: $0.3900 per share in 1 payments.
| Date | Amount |
|---|---|
| 2026-04-08 | $0.3900 |
| 2025-09-30 | $0.3000 |
| 2025-04-10 | $0.3500 |
| 2024-09-10 | $0.3500 |
| 2024-04-09 | $0.6200 |
| 2023-04-05 | $0.3700 |
| 2022-04-07 | $0.2500 |
| 2021-04-07 | $0.2500 |
| 2020-04-07 | $0.3000 |
| 2019-03-29 | $0.2400 |
Amounts adjusted for stock splits.
Related companies: ALLE · CHRW · CSL · EXPD · JBHT · LTM · TXT
Explore sector: Industrials · Integrated Freight & Logistics
More sections of ZTO: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
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