Question 1

What is Zoetis's P/S ratio?

Accepted Answer

Zoetis (ZTS) P/S ratio is 3.5× 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 Zoetis?

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 Zoetis specifically, the relevant sector benchmark is the current sector median of 3.5×.

Question 5

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

Accepted Answer

Zoetis's P/S ratio of 3.5× is below its own 5-year average of 9.3× and above the sector median of 3.5×. 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 Zoetis's historical P/S ratio range?

Accepted Answer

In the available daily series, Zoetis (ZTS) P/S ratio has ranged from a low of 3.2× in 2014 to a high of 15.4× in 2021. The 5-year average is 9.3× and the 5-year median is 9.2×.

Question 7

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

Accepted Answer

Zoetis (ZTS) P/S ratio at the end of 2025 was 5.8×. 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 Zoetis'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	$55.13B	$9.47B	5.8×	-2.1×	Dec 31, 2025
2024	$73.40B	$9.26B	7.9×	-2.7×	Dec 31, 2024
2023	$90.59B	$8.54B	10.6×	+2.2×	Dec 31, 2023
2022	$68.23B	$8.08B	8.4×	-6.4×	Dec 31, 2022
2021	$115.45B	$7.78B	14.8×	+3.1×	Dec 31, 2021
2020	$78.70B	$6.67B	11.8×	+1.7×	Dec 31, 2020
2019	$63.05B	$6.26B	10.1×	+3.0×	Dec 31, 2019
2018	$41.11B	$5.83B	7.1×	+0.4×	Dec 31, 2018
2017	$35.11B	$5.31B	6.6×	+1.2×	Dec 31, 2017
2016	$26.44B	$4.89B	5.4×	+0.4×	Dec 31, 2016
2015	$23.88B	$4.76B	5.0×	+0.5×	Dec 31, 2015
2014	$21.58B	$4.79B	4.5×	+0.9×	Dec 31, 2014
2013	$16.35B	$4.56B	3.6×	+0.0×	Dec 31, 2013
2012	$15.51B	$4.34B	3.6×	+0.1×	Dec 31, 2012
2011	$14.77B	$4.23B	3.5×	—	Dec 31, 2011


Zimmer Biomet Holdings (ZBH)	2.1×
AptarGroup (ATR)	2.1×
Becton, Dickinson and (BDX)	2.1×
Charles River (CRL)	1.9×
Quest Diagnostics (DGX)	1.9×
IQVIA (IQV)	1.7×
GE HealthCare (GEHC)	1.6×
Labcorp Holdings (LH)	1.6×
HCA Healthcare (HCA)	1.4×
Solventum (SOLV)	1.4×
Viatris (VTRS)	1.1×
Baxter International (BAX)	0.8×
DaVita (DVA)	0.7×
Henry Schein (HSIC)	0.6×
Universal Health Services (UHS)	0.6×
UnitedHealth Group (UNH)	0.5×
Elevance Health (ELV)	0.3×
McKesson (MCK)	0.3×
Cigna (CI)	0.3×
CVS Health (CVS)	0.2×
Cardinal Health (CAH)	0.2×
Cencora (COR)	0.2×
Humana (HUM)	0.2×
Molina Healthcare (MOH)	0.2×
Centene (CNC)	0.1×

P/S Ratio for Zoetis (ZTS)

P/S Ratio daily chart for Zoetis (ZTS)

Historical P/S Ratio for Zoetis (ZTS) from 2011 to 2025

About P/S Ratio at Zoetis (ZTS)

Zoetis P/S Ratio by Year

Zoetis P/S Ratio 2025: 5.8×

Zoetis P/S Ratio 2024: 7.9×

Zoetis P/S Ratio 2023: 10.6×

Zoetis P/S Ratio 2022: 8.4×

Zoetis P/S Ratio 2021: 14.8×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

Zoetis (ZTS) Key Financials

P/S Ratio daily chart for Zoetis (ZTS)

Historical P/S Ratio for Zoetis (ZTS) from 2011 to 2025

About P/S Ratio at Zoetis (ZTS)

Zoetis P/S Ratio by Year

Zoetis P/S Ratio 2025: 5.8×

Zoetis P/S Ratio 2024: 7.9×

Zoetis P/S Ratio 2023: 10.6×

Zoetis P/S Ratio 2022: 8.4×

Zoetis P/S Ratio 2021: 14.8×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

+What is Zoetis'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 Zoetis?

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

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

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

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

Zoetis (ZTS) Key Financials