ZGNErmenegildo Zegna N.V.

$12.66+40% 1Y

RyuScore

Seven criteria, each scored 0 to 100 on a published scale, weighted into one number.

RyuScore 70 out of 100, Above average
Today's price. Only valuation depends on it.

Above average. Ermenegildo Zegna N.V. scores higher than 74% of the 1,794 companies Ryufin scores.

Carried by valuation and return on new capital, held back by return on capital and capital allocation.

Consumer Cyclical median 67 · all companies 57

Valuation

26% of the score

92median 56

Ermenegildo Zegna N.V. is valued at 10.8x its operating profit before acquisition amortisation (EBITA), including debt: a low multiple.

60x
50x
35x
25x
18x
12x
8x
10.8x
Full points at 8x or less, none from 60xfull points

Return on capital

18% of the score

24median 34

Over 5 years the business earned 5.3% a year after tax on the capital it uses.

2%
8%
15%
25%
5.3%
None at 2% or less, full points from 25%full points
Return on capital by year
5 years agolatest 5.8%

Return on new capital

16% of the score

100median 49

For every dollar of operating profit earned over 6 years, yearly profit grew by 43 cents. New capital earned 26%, and 165% of profit went back into the business.

-5%
12%
43%
None at minus 5 cents, full points from 12 centsfull points

Capital allocation

14% of the score

40median 64

How management spends the money: shares bought back or issued, and whether assets grow faster than the business they serve.

Share countUp 5.3% a year over 5 years: new shares
0
5%
-3%
5.3%
0 pointsfull points
Assets against salesAssets grew 3.3% a year, sales 14%
100
12%
-2%
-10%
0 pointsfull points

Cycle position

12% of the score

79median 62

Today's operating margin of 7.3% is 0.88x its normal 8.3%: below its usual level, with room to recover. Normal is half the 7 year median, half the last four years, so a margin that has held is not taken for a peak.

2x
1.5x
1x
0.7x
0.9x
A trough earns points, a peak costs themfull points
Operating margin by year, against its normal level
7 years agonow 7.3%

Balance sheet

8% of the score

56median 50

What the debt weighs against the profit that has to carry it.

Net debt to EBITDAMore cash than debt
100
Interest coverOperating profit covers interest 3x
12
1.5x
12x
2.8x
0 pointsfull points

Earnings quality

6% of the score

100median 90

Whether the reported profit arrives as cash, and whether the accounts show the usual signs of stretching.

Cash against profitOperating cash flow was 3.00x profit over 3 years
100
0.7x
1x
1.3x
3x
0 pointsfull points
AccrualsCash ran ahead of profit by 8.4% of assets
100
8%
0%
-8%
-8.4%
0 pointsfull points

How the RyuScore works

Each criterion earns 0 to 100 points on the scale drawn under it, and the RyuScore is their average weighted 26, 18, 16, 14, 12, 8 and 6. Scales bend in the company's favour between their ends, so an ordinary figure is never already near zero. Where a criterion cannot be measured from the filings it is taken out and the remaining weights scale up; a company needs 60% of the weight covered, and always a price, to get a score.

Built from the company's annual and quarterly filings with the SEC and today's share price. Banks, insurers and property trusts are not scored: their debt is their raw material, so these yardsticks mean something else there. Figures as of 2025-12-31, latest annual report FY2025.