Zebra Technologies Corporation

NasdaqGS:ZBRA Stock Report

Market Cap: US$15.3b

Zebra Technologies Valuation

Is ZBRA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of ZBRA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ZBRA ($300.01) is trading below our estimate of fair value ($350.26)

Significantly Below Fair Value: ZBRA is trading below fair value, but not by a significant amount.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for ZBRA?

Other financial metrics that can be useful for relative valuation.

ZBRA key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue4x
Enterprise Value/EBITDA25x
PEG Ratio2.5x

Price to Earnings Ratio vs Peers

How does ZBRA's PE Ratio compare to its peers?

The above table shows the PE ratio for ZBRA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average47.5x
TRMB Trimble
57.2x27.2%US$13.6b
KEYS Keysight Technologies
29.4x16.3%US$23.6b
TDY Teledyne Technologies
20.8x3.0%US$18.3b
CGNX Cognex
82.6x26.9%US$8.1b
ZBRA Zebra Technologies
59.1x23.9%US$15.3b

Price-To-Earnings vs Peers: ZBRA is expensive based on its Price-To-Earnings Ratio (59.1x) compared to the peer average (47.5x).


Price to Earnings Ratio vs Industry

How does ZBRA's PE Ratio compare vs other companies in the US Electronic Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a14.7%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a14.7%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: ZBRA is expensive based on its Price-To-Earnings Ratio (59.1x) compared to the US Electronic industry average (20.6x).


Price to Earnings Ratio vs Fair Ratio

What is ZBRA's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ZBRA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio59.1x
Fair PE Ratio33.3x

Price-To-Earnings vs Fair Ratio: ZBRA is expensive based on its Price-To-Earnings Ratio (59.1x) compared to the estimated Fair Price-To-Earnings Ratio (33.3x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ZBRA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$300.01
US$335.21
+11.7%
10.4%US$380.00US$250.00n/a14
Jun ’25US$312.34
US$333.77
+6.9%
12.1%US$380.00US$250.00n/a13
May ’25US$309.05
US$329.86
+6.7%
11.8%US$380.00US$250.00n/a14
Apr ’25US$301.00
US$302.50
+0.5%
10.3%US$340.00US$235.00n/a12
Mar ’25US$289.64
US$302.73
+4.5%
10.7%US$340.00US$235.00n/a11
Feb ’25US$242.60
US$274.42
+13.1%
15.1%US$345.00US$205.00n/a12
Jan ’25US$273.33
US$271.55
-0.7%
17.0%US$345.00US$183.00n/a11
Dec ’24US$241.22
US$271.55
+12.6%
17.0%US$345.00US$183.00n/a11
Nov ’24US$197.99
US$277.64
+40.2%
16.9%US$345.00US$183.00n/a11
Oct ’24US$236.53
US$304.30
+28.7%
13.3%US$370.00US$220.00n/a10
Sep ’24US$275.95
US$306.30
+11.0%
11.3%US$370.00US$260.00n/a10
Aug ’24US$254.77
US$325.92
+27.9%
11.8%US$400.00US$260.00n/a12
Jul ’24US$295.83
US$335.62
+13.4%
11.6%US$410.00US$251.00n/a13
Jun ’24US$266.20
US$335.62
+26.1%
11.6%US$410.00US$251.00US$312.3413
May ’24US$287.45
US$369.92
+28.7%
11.5%US$445.00US$288.00US$309.0513
Apr ’24US$318.00
US$368.77
+16.0%
11.9%US$445.00US$288.00US$301.0013
Mar ’24US$302.34
US$365.25
+20.8%
12.9%US$445.00US$288.00US$289.6412
Feb ’24US$328.63
US$342.67
+4.3%
15.9%US$445.00US$260.00US$242.6012
Jan ’24US$256.41
US$348.54
+35.9%
16.2%US$445.00US$260.00US$273.3313
Dec ’23US$268.82
US$346.83
+29.0%
18.4%US$445.00US$225.00US$241.2212
Nov ’23US$238.30
US$378.55
+58.9%
19.1%US$485.00US$225.00US$197.9911
Oct ’23US$262.01
US$440.30
+68.0%
11.6%US$500.00US$335.00US$236.5310
Sep ’23US$309.74
US$440.30
+42.2%
11.6%US$500.00US$335.00US$275.9510
Aug ’23US$358.43
US$452.27
+26.2%
16.6%US$600.00US$335.00US$254.7711
Jul ’23US$299.34
US$477.82
+59.6%
14.8%US$600.00US$335.00US$295.8311
Jun ’23US$334.55
US$499.73
+49.4%
16.9%US$600.00US$335.00US$266.2011

Analyst Forecast: Target price is less than 20% higher than the current share price.


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