Question 1

What is Zebra Technologies's P/B ratio?

Accepted Answer

Zebra Technologies (ZBRA) P/B ratio is 3.4× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by book value of equity, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/B ratio calculated?

Accepted Answer

P/B = Market Capitalisation ÷ Book Value of Equity (most recent quarterly shareholders' equity), or equivalently Share Price ÷ Book Value Per Share. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/B ratio?

Accepted Answer

The price-to-book (P/B) ratio compares a company's market capitalisation to its book value of equity (total shareholders' equity) on the most recent quarterly balance sheet. It is calculated as market cap ÷ book value of equity (equivalent to share price ÷ book value per share). A P/B below 1× implies the market values the business below its accounting net worth; values well above 1× reflect intangible assets, brand value, or a high return on equity.

Question 4

What is a good P/B ratio for Zebra Technologies?

Accepted Answer

A "good" P/B depends on the business model. Banks, insurers, and other capital-heavy financials typically trade near 1×; asset-light technology and consumer-brand companies can sustainably trade at 5×+ because much of their value is intangible. P/B is most informative when paired with return on equity (ROE). For Zebra Technologies specifically, the relevant sector benchmark is the current sector median of 6.0×.

Question 5

Is Zebra Technologies's P/B ratio high or low?

Accepted Answer

Zebra Technologies's P/B ratio of 3.4× is below its own 5-year average of 5.7× and below the sector median of 6.0×. That places the current reading at the 7th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Zebra Technologies's historical P/B ratio range?

Accepted Answer

In the available daily series, Zebra Technologies (ZBRA) P/B ratio has ranged from a low of 1.7× in 2008 to a high of 12.4× in 2021. The 5-year average is 5.7× and the 5-year median is 5.0×.

Question 7

What was Zebra Technologies's P/B ratio in 2025?

Accepted Answer

Zebra Technologies (ZBRA) P/B ratio at the end of 2025 was 3.4×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month book value figure available at that date.

Question 8

Why does Zebra Technologies's P/B ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (book value). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$12.23B	$3.59B	3.4×	-2.1×	Dec 31, 2025
2024	$19.92B	$3.59B	5.6×	+0.9×	Dec 31, 2024
2023	$14.04B	$3.04B	4.6×	-0.2×	Dec 31, 2023
2022	$13.24B	$2.73B	4.8×	-5.8×	Dec 31, 2022
2021	$31.81B	$2.98B	10.7×	+1.1×	Dec 31, 2021
2020	$20.51B	$2.14B	9.6×	+2.1×	Dec 31, 2020
2019	$13.79B	$1.84B	7.5×	+1.1×	Dec 31, 2019
2018	$8.56B	$1.33B	6.4×	-0.2×	Dec 31, 2018
2017	$5.52B	$834.00M	6.6×	+1.0×	Dec 31, 2017
2016	$4.44B	$792.00M	5.6×	+1.8×	Dec 31, 2016
2015	$3.47B	$912.87M	3.8×	+0.1×	Dec 31, 2015
2014	$3.91B	$1.04B	3.8×	+0.9×	Dec 31, 2014
2013	$2.72B	$958.66M	2.8×	+0.5×	Dec 31, 2013
2012	$2.00B	$857.00M	2.3×	-0.1×	Dec 31, 2012
2011	$1.86B	$776.92M	2.4×	-0.5×	Dec 31, 2011
2010	$2.10B	$730.03M	2.9×	+0.6×	Dec 31, 2010
2009	$1.64B	$712.13M	2.3×	+0.6×	Dec 31, 2009
2008	$1.22B	$710.74M	1.7×	-0.8×	Dec 31, 2008
2007	$2.29B	$902.69M	2.5×	-0.2×	Dec 31, 2007
2006	$2.40B	$877.68M	2.7×	-0.8×	Dec 31, 2006
2005	$3.02B	$850.51M	3.6×	-1.5×	Dec 31, 2005
2004	$4.05B	$797.65M	5.1×	+0.3×	Dec 31, 2004
2003	$3.13B	$651.91M	4.8×	+1.4×	Dec 31, 2003
2002	$1.80B	$534.15M	3.4×	-0.5×	Dec 31, 2002
2001	$1.71B	$445.01M	3.8×	—	Dec 31, 2001


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P/B Ratio for Zebra Technologies (ZBRA)

P/B Ratio daily chart for Zebra Technologies (ZBRA)

Historical P/B Ratio for Zebra Technologies (ZBRA) from 2001 to 2025

About P/B Ratio at Zebra Technologies (ZBRA)

Zebra Technologies P/B Ratio by Year

Zebra Technologies P/B Ratio 2025: 3.4×

Zebra Technologies P/B Ratio 2024: 5.6×

Zebra Technologies P/B Ratio 2023: 4.6×

Zebra Technologies P/B Ratio 2022: 4.8×

Zebra Technologies P/B Ratio 2021: 10.7×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

Zebra Technologies (ZBRA) Key Financials

P/B Ratio daily chart for Zebra Technologies (ZBRA)

Historical P/B Ratio for Zebra Technologies (ZBRA) from 2001 to 2025

About P/B Ratio at Zebra Technologies (ZBRA)

Zebra Technologies P/B Ratio by Year

Zebra Technologies P/B Ratio 2025: 3.4×

Zebra Technologies P/B Ratio 2024: 5.6×

Zebra Technologies P/B Ratio 2023: 4.6×

Zebra Technologies P/B Ratio 2022: 4.8×

Zebra Technologies P/B Ratio 2021: 10.7×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

+What is Zebra Technologies's P/B ratio?

+How is the P/B ratio calculated?

+What is the P/B ratio?

+What is a good P/B ratio for Zebra Technologies?

+Is Zebra Technologies's P/B ratio high or low?

+What is Zebra Technologies's historical P/B ratio range?

+What was Zebra Technologies's P/B ratio in 2025?

+Why does Zebra Technologies's P/B ratio change over time?

Zebra Technologies (ZBRA) Key Financials