Is the price fair?
What ZS's price assumes
Today's price asks for 7.8% free cash flow growth a year; over the last three years Zscaler, Inc. delivered 33%, less than the record.
6.62
Price / sales · no P/E: the last twelve months did not end in a profit
- Free cash flow yield
- 4.3%
Free cash flow yield · Software - Infrastructure median 5.1%
- Growth the price implies
- +7.8%
Growth the price implies · The price pays for +7.8% free cash flow growth a year for a decade; the business has delivered +33% a year over the last three.
- Price / book
- 8.88
Price / book · as of 2026-Q2
Details›
- Price / book2026-Q2
- 8.88
- EV / EBIToperating margin −4.0%: the multiple describes the denominator
- not meaningful
- Free cash flow, trailing twelve months
- $852M
- Market capitalisation
- $20.0B
- 3-year revenue growth
- +28%
- 3-year free cash flow growth
- +33%
Multiples from SEC filings and end-of-day closes; implied growth from a reverse discounted cash flow. Group medians across the names Ryufin tracks.
Software - Infrastructure
Ranks #44 of 64 by Smart Score