Zebra Technologies (ZBRA) valuation
Zebra Technologies P/E ratio history
Zebra Technologies trades at 33.0 times its earnings over the last twelve months and 16.7 times the earnings analysts expect over the next twelve. At its last 9 fiscal year ends its P/E ranged from 20.6 (year to Dec 2018) to 324.4 (year to Dec 2017), with a median of 37.9.
| Fiscal year ended | Price | EPS | P/E | Forward P/E |
|---|---|---|---|---|
| Dec 31, 2025 | $242.82 | $8.18 | 29.7 | 14.1 |
| Dec 31, 2024 | $386.22 | $10.18 | 37.9 | 25.0 |
| Dec 31, 2023 | $273.33 | $5.72 | 47.8 | 25.2 |
| Dec 31, 2022 | $256.41 | $8.80 | 29.1 | 14.5 |
| Dec 31, 2021 | $595.20 | $15.52 | 38.4 | 30.7 |
| Dec 31, 2020 | $384.33 | $9.36 | 41.1 | — |
| Dec 31, 2019 | $255.44 | $9.98 | 25.6 | — |
| Dec 31, 2018 | $159.23 | $7.75 | 20.6 | — |
| Dec 31, 2017 | $103.80 | $0.32 | 324.4 | — |
| Dec 31, 2016 | $85.76 | -$2.65 | n/m | — |
n/m: not meaningful (a loss, or earnings close to zero). The daily P/E line is a chart indicator in the app.
Zebra Technologies valuation against its peers
| Company | Market value | P/E | Forward P/E | Price / sales |
|---|---|---|---|---|
| Zebra TechnologiesZBRA | $17.2B | 33.0 | 16.7 | 2.9 |
| Teledyne TechnologiesTDY | $30.5B | 30.1 | 24.3 | 4.7 |
| Roper TechnologiesROP | $47.1B | 19.3 | 19.4 | 5.7 |
| Keysight TechnologiesKEYS | $52.5B | 42.1 | 23.1 | 8.0 |
| Peer median | 30.1 | 23.1 | 5.7 |
Reading these multiples
The P/E divides the share price by earnings per share over the last twelve months; the forward P/E divides it by the earnings analysts expect over the next twelve. Price to sales compares the company's market value with its revenue over the last twelve months. A multiple reads differently from one industry to the next, so the peer group above is the fairer comparison.
See also: ZBRA financials · ZBRA returns
No forecast, no recommendation. This page describes Zebra Technologies from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.