Zillow Group Inc Class C
NASDAQ: Z · COMMUNICATION SERVICES · INTERNET CONTENT & INFORMATION
Updated 2026-07-30
Zillow Group Inc Class C (Z) Stock Valuation Analysis
Fair value estimate, historical valuation range, and quality signals for Z.
Valued
Valuation reasonably reflects current fundamentals. Limited margin of safety at these levels.
Z historical valuation range
Where current P/E sits in Z's own 5Y range.
Z intrinsic value (DCF)
DCF-based fair value estimate vs current market price.
Intrinsic value calculated using discounted cash flow (DCF) model based on projected free cash flows, discount rate, and terminal growth assumptions. A positive margin of safety indicates the current price is below estimated fair value, providing a cushion against estimation error.
Z valuation signals
Quick-read green flags, caution flags, and risks based on current metrics.
P/E Ratio — History
Current: 135.62x
P/S Ratio — History
Current: 2.88x
Is Z overvalued in 2026?
Zillow Group Inc Class C (Z) currently trades at $33.71 per share with a market capitalization of $7,757,525,000.00. Based on our multi-factor framework, the stock trades at a fair valuation with a Smart Value Score of 61/100. This score blends growth quality, financial health, and price attractiveness into a single institutional-grade read.
The stock trades at a P/E ratio of 135.6x, above its 5-year median of 135.6x. The PEG ratio of 0.93 suggests earnings growth is outpacing the multiple, a classic sign of undervaluation.
Looking at its own history, Z is currently trading more expensive than 57% of the last 5Y on P/E. This places it in the 57th percentile of its historical range, a reasonable but unremarkable position.
Our discounted cash flow model estimates Z's intrinsic value at $61.62 per share, against the current market price of $33.71. This implies a margin of safety of +25.90%. A meaningful cushion exists against model error, making this a reasonable risk-adjusted entry.
The Piotroski F-Score of 4/9 puts financial quality in a middling range, neither a standout strength nor an obvious red flag.
Bottom line: Z trades at a fair valuation on our framework, with a Smart Value Score of 61/100. The valuation is defensible but offers no obvious bargain. Patience or a better entry price may reward disciplined buyers.
Frequently asked questions
Is Z overvalued?
Z scores 61/100 on our Smart Value Score (Grade C+), a mixed overall profile. The DCF also shows a positive margin of safety, so price and fundamentals line up reasonably well.
What is Z's fair value?
Our DCF model estimates Z's intrinsic value at $61.62 per share, versus the current price of $33.71, a margin of safety of +25.90%. Fair value is the present value of the cash flows we project the business to produce, so a price below it means the market is pricing the stock below that conservative estimate.
What P/E ratio does Z trade at?
Z trades at a P/E of 135.6x on trailing twelve-month earnings, against a 5-year median of 135.6x. P/E is what you pay per dollar of profit, and sitting above its own median means the stock is pricier than usual relative to its earnings.
Is Z a buy based on valuation?
Our Smart Value rating for Z is Hold, from a Smart Value Score of 61/100 that blends growth, quality, and valuation. The profile is balanced and best suited to investors who already have a thesis. This is research to inform your decision, not personalized financial advice.
How does Z's valuation compare to its history?
On P/E, Z sits in the 57th percentile of its own 5Y range, above its long-run median relative to where it has traded. A high percentile means today's multiple is near the top of its historical band.
What is Z's Smart Value Score?
Z's Smart Value Score is 61/100. It is a proprietary WallStSmart metric blending growth quality, financial health, and valuation into a single 0-100 read, and scores above 75 are rare, signaling strong multi-factor alignment.