Question 1

What is Zscaler's P/S ratio?

Accepted Answer

Zscaler (ZS) P/S ratio is 6.6× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month revenue, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/S ratio calculated?

Accepted Answer

P/S = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Revenue, or equivalently Share Price ÷ TTM Revenue 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/S ratio?

Accepted Answer

The price-to-sales (P/S) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) revenue. It is calculated as market cap ÷ TTM revenue (equivalent to share price ÷ TTM revenue per share). Because the denominator (revenue) cannot be negative, P/S is widely used to value unprofitable or pre-profit companies and to make cross-sector comparisons.

Question 4

What is a good P/S ratio for Zscaler?

Accepted Answer

A "good" P/S depends heavily on profit margin and growth: software and other high-margin businesses often command 5–15× sales, while low-margin retailers and commodity producers typically trade below 1×. Compare against sector peers rather than absolute thresholds. For Zscaler specifically, the relevant sector benchmark is the current sector median of 5.7×.

Question 5

Is Zscaler's P/S ratio high or low?

Accepted Answer

Zscaler's P/S ratio of 6.6× is below its own 5-year average of 20.1× and above the sector median of 5.7×. That places the current reading at the 1th 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 Zscaler's historical P/S ratio range?

Accepted Answer

In the available daily series, Zscaler (ZS) P/S ratio has ranged from a low of 6.3× in 2026 to a high of 75.5× in 2021. The 5-year average is 20.1× and the 5-year median is 14.1×.

Question 7

What was Zscaler's P/S ratio in 2025?

Accepted Answer

Zscaler (ZS) P/S ratio at the end of 2025 was 16.7×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month revenue figure available at that date.

Question 8

Why does Zscaler's P/S ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (revenue). 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	$44.69B	$2.67B	16.7×	+4.3×	Jul 31, 2025
2024	$26.83B	$2.17B	12.4×	-2.1×	Jul 31, 2024
2023	$23.48B	$1.62B	14.5×	-5.5×	Jul 31, 2023
2022	$21.85B	$1.09B	20.0×	-28.3×	Jul 31, 2022
2021	$32.50B	$673.10M	48.3×	+8.6×	Jul 31, 2021
2020	$17.10B	$431.27M	39.6×	+4.5×	Jul 31, 2020
2019	$10.64B	$302.84M	35.1×	+13.0×	Jul 31, 2019
2018	$4.21B	$190.17M	22.1×	-5.1×	Jul 31, 2018
2017	$3.42B	$125.72M	27.2×	—	Jul 31, 2017


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HP (HPQ)	0.3×

P/S Ratio for Zscaler (ZS)

P/S Ratio daily chart for Zscaler (ZS)

Historical P/S Ratio for Zscaler (ZS) from 2017 to 2025

About P/S Ratio at Zscaler (ZS)

Zscaler P/S Ratio by Year

Zscaler P/S Ratio 2025: 16.7×

Zscaler P/S Ratio 2024: 12.4×

Zscaler P/S Ratio 2023: 14.5×

Zscaler P/S Ratio 2022: 20.0×

Zscaler P/S Ratio 2021: 48.3×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

Zscaler (ZS) Key Financials

P/S Ratio daily chart for Zscaler (ZS)

Historical P/S Ratio for Zscaler (ZS) from 2017 to 2025

About P/S Ratio at Zscaler (ZS)

Zscaler P/S Ratio by Year

Zscaler P/S Ratio 2025: 16.7×

Zscaler P/S Ratio 2024: 12.4×

Zscaler P/S Ratio 2023: 14.5×

Zscaler P/S Ratio 2022: 20.0×

Zscaler P/S Ratio 2021: 48.3×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

+What is Zscaler's P/S ratio?

+How is the P/S ratio calculated?

+What is the P/S ratio?

+What is a good P/S ratio for Zscaler?

+Is Zscaler's P/S ratio high or low?

+What is Zscaler's historical P/S ratio range?

+What was Zscaler's P/S ratio in 2025?

+Why does Zscaler's P/S ratio change over time?

Zscaler (ZS) Key Financials