Is the price fair?
What ZS's price assumes
Today's price asks for 6.3% free cash flow growth a year; over the last three years Zscaler, Inc. delivered 42%, 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
- 4.8%
Free cash flow yield · Software - Infrastructure median 5.3%
- Growth the price implies
- +6.3%
Growth the price implies · The price pays for +6.3% free cash flow growth a year for a decade; the business has delivered +42% 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 −4.7%: the multiple describes the denominator
- not meaningful
- Free cash flow, trailing twelve months
- $963M
- Market capitalisation
- $20.2B
- 3-year revenue growth
- +29%
- 3-year free cash flow growth
- +42%
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 #74 of 78 by Smart Score