Question 1

What is Zebra Technologies's P/E ratio?

Accepted Answer

Zebra Technologies (ZBRA) P/E ratio is 31.8× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. 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/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

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

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For Zebra Technologies specifically, the relevant sector benchmark is the current sector median of 29.4×.

Question 5

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

Accepted Answer

Zebra Technologies's P/E ratio of 31.8× is below its own 5-year average of 35.8× and above the sector median of 29.4×. That places the current reading at the 55th 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/E ratio range?

Accepted Answer

In the available daily series, Zebra Technologies (ZBRA) P/E ratio has ranged from a low of 9.8× in 2011 to a high of 324.9× in 2017. The 5-year average is 35.8× and the 5-year median is 30.7×.

Question 7

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

Accepted Answer

Zebra Technologies (ZBRA) P/E ratio at the end of 2025 was 29.2×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

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

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). 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	$12.2B	$419M	29.2×	-8.5×	Dec 31, 2025
2024	$19.9B	$528M	37.7×	-9.7×	Dec 31, 2024
2023	$14B	$296M	47.4×	+18.8×	Dec 31, 2023
2022	$13.2B	$463M	28.6×	-9.4×	Dec 31, 2022
2021	$31.8B	$837M	38.0×	-2.7×	Dec 31, 2021
2020	$20.5B	$504M	40.7×	+15.3×	Dec 31, 2020
2019	$13.8B	$544M	25.3×	+5.0×	Dec 31, 2019
2018	$8.56B	$421M	20.3×	-304.6×	Dec 31, 2018
2017	$5.52B	$17M	324.9×	—	Dec 31, 2017
2016	$4.44B	-$137M	—	—	Dec 31, 2016
2015	$3.47B	-$137M	—	—	Dec 31, 2015
2014	$3.91B	$32.4M	120.4×	+100.2×	Dec 31, 2014
2013	$2.72B	$134M	20.2×	+3.9×	Dec 31, 2013
2012	$2B	$123M	16.3×	+5.6×	Dec 31, 2012
2011	$1.86B	$175M	10.7×	-10.0×	Dec 31, 2011
2010	$2.1B	$102M	20.7×	-14.3×	Dec 31, 2010
2009	$1.64B	$47.1M	34.9×	—	Dec 31, 2009
2008	$1.22B	-$38.4M	—	—	Dec 31, 2008
2007	$2.29B	$110M	20.8×	-12.9×	Dec 31, 2007
2006	$2.4B	$70.9M	33.8×	+5.7×	Dec 31, 2006
2005	$3.02B	$108M	28.1×	-5.4×	Dec 31, 2005
2004	$4.05B	$121M	33.5×	-0.6×	Dec 31, 2004
2003	$3.13B	$91.7M	34.1×	+9.0×	Dec 31, 2003
2002	$1.8B	$71.6M	25.2×	—	Dec 31, 2002


Dell Technologies (DELL)	16.2×
Western Digital (WDC)	15.7×
Accenture (ACN)	15.4×
Gartner (IT)	14.9×
CDW (CDW)	14.5×
Adobe (ADBE)	14.4×
Leidos Holdings (LDOS)	14.1×
Zoom Communications (ZM)	13.8×
QUALCOMM (QCOM)	13.7×
PTC (PTC)	13.5×
Paycom Software (PAYC)	13.2×
Elastic N.V. (ESTC)	13.2×
Cognizant (CTSH)	13.1×
First Solar (FSLR)	12.7×
GoDaddy (GDDY)	12.7×
Gen Digital (GEN)	11.7×
Duolingo (DUOL)	10.9×
Super Micro Computer (SMCI)	10.9×
Science Applications International (SAIC)	10.3×
Fiserv (FISV)	9.3×
Fidelity National Information Services (FIS)	9.0×
HP (HPQ)	7.5×
Sunrun (RUN)	5.6×
Lyft (LYFT)	1.8×
IBM (IBM)	0.0×

P/E Ratio for Zebra Technologies (ZBRA) 2002-2026

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

Historical P/E Ratio for Zebra Technologies (ZBRA) from 2002 to 2025

About P/E Ratio at Zebra Technologies (ZBRA)

Zebra Technologies P/E Ratio by Year

Zebra Technologies P/E Ratio 2025: 29.2×

Zebra Technologies P/E Ratio 2024: 37.7×

Zebra Technologies P/E Ratio 2023: 47.4×

Zebra Technologies P/E Ratio 2022: 28.6×

Zebra Technologies P/E Ratio 2021: 38.0×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

Zebra Technologies (ZBRA) Key Financials