ZBRA
Zebra Technologies
PE ratio, current and historical analysis
- Stocks
- Technology
- NASDAQ: ZBRA
- PE Ratio
As of Jun 22, 2026, the ZBRA stock has a PE ratio of 29.49. The calculation is based on the latest EPS of $8.33 and the stock price of $245.69 per share. An increase of 4.5% has been observed in the PE ratio compared to its average of 28.2 of the last four quarters.
ZBRA PE ratio history
The mean historical PE ratio of Zebra Technologies over the last nine years is 46.49. The current 29.49 P/E ratio is 37% lower than the historical average. Looking back at the last nine years, ZBRA's PE ratio peaked in the Dec 2017 quarter at 314.55, with a price of $103.8 and an EPS of $0.33. The Mar 2020 quarter marked the lowest point at 19.25, with a price of $184.57 and an EPS of $9.59.
Zebra Technologies PE ratio by year
Maximum annual increase: 492.6% in 2014
Maximum annual decrease: -93.56% in 2018
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2025 | 29.47 | -21.79% | $242.82 | $8.24 |
| 2024 | 37.68 | -20.74% | $386.22 | $10.25 |
| 2023 | 47.54 | 64.27% | $273.33 | $5.75 |
| 2022 | 28.94 | -23.86% | $256.41 | $8.86 |
| 2021 | 38.01 | -6.75% | $595.2 | $15.66 |
| 2020 | 40.76 | 60.85% | $384.33 | $9.43 |
| 2019 | 25.34 | 25.07% | $255.44 | $10.08 |
| 2018 | 20.26 | -93.56% | $159.23 | $7.86 |
| 2017 | 314.55 | N/A | $103.8 | $0.33 |
| 2016 | N/A | N/A | $85.76 | -$2.65 |
| 2015 | N/A | N/A | $69.65 | -$3.1 |
| 2014 | 120.95 | 492.6% | $77.41 | $0.64 |
| 2013 | 20.41 | 23.55% | $54.08 | $2.65 |
| 2012 | 16.52 | 49.64% | $39.31 | $2.38 |
| 2011 | 11.04 | -48.27% | $35.78 | $3.24 |
Zebra Technologies PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Apr 2026 | 24.35 | -17.37% | $202.84 | $8.33 |
| Dec 2025 | 29.47 | -1.9% | $242.82 | $8.24 |
| Sep 2025 | 30.04 | 3.44% | $299.77 | $9.98 |
| Jun 2025 | 29.04 | 10.04% | $309.26 | $10.65 |
| Mar 2025 | 26.39 | -29.96% | $280.79 | $10.64 |
| Dec 2024 | 37.68 | -24.46% | $386.22 | $10.25 |
| Sep 2024 | 49.88 | -27.99% | $368.6 | $7.39 |
| Jun 2024 | 69.27 | 16.5% | $308.93 | $4.46 |
| Mar 2024 | 59.46 | 25.07% | $301.44 | $5.07 |
| Dec 2023 | 47.54 | 81.1% | $273.33 | $5.75 |
| Sep 2023 | 26.25 | 11.56% | $236.53 | $9.01 |
| Jul 2023 | 23.53 | -41.54% | $295.83 | $12.57 |
| Apr 2023 | 40.25 | 39.08% | $318 | $7.9 |
| Dec 2022 | 28.94 | -2.26% | $256.41 | $8.86 |
| Oct 2022 | 29.61 | -8.1% | $262.01 | $8.85 |
ZBRA Price vs fair value
ZBRA average PE ratio chart
What this chart measures
The Historical Valuation Regime chart shows where the stock's current valuation sits relative to its own historical valuation range over the selected lookback period.
This is a history-relative tool, not a market-relative percentile. It does not compare the stock to other companies. Instead, it compares each historical valuation reading to the stock's own past readings.
Percentile logic
The threshold lines are calculated them from the stock's real historical values using percentile interpolation. That is why some colored bands are narrow while others are wide: the band widths reflect how the stock actually traded through time.
Regime map
| Historical percentile | Regime | Chart meaning |
|---|---|---|
| 0-10 | Historically Low | Deep cheap zone |
| >10-25 | Below Average | Cheap relative to history |
| >25-75 | Average | Within the normal historical range |
| >75-90 | Above Average | Expensive relative to history |
| >90-100 | Historically High | Extreme or stretched valuation |
How to read each part
| Chart element | What it tells you |
|---|---|
| Main line | The actual historical valuation values over time for the selected metric. |
| Dashed horizontal lines | The stock's computed P10, P25, Median, P75, and P90 thresholds for the selected period. |
| Colored bands | The historical valuation zones between those thresholds. |
| Metric boxes | Current ratio, historical median, current percentile, and current regime. |
| Timeline strip | A condensed regime history showing how the stock moved between cheap, fair, and expensive states across each observation. |
Important metric definitions
Current Percentile is the percentile rank of the latest valid historical observation within the selected lookback range.
Current Regime is assigned directly from the latest observation's percentile bucket using the fixed 10 / 25 / 75 / 90 cutoffs shown above.
How to use it well
This chart is most useful for answering a narrow question: Is this stock trading high, low, or normal relative to its own history? It works best alongside growth, profitability, and forward-looking business analysis, because a stock can deserve a higher or lower regime if its business quality has changed.
The current PE ratio of ZBRA is lower than its 3, 5 and 10-year averages.
PE comparison
Zebra Technologies's price to earnings (P/E) of 29.49 is higher than its peers average but lower than the Technology sector and the industry average. In comparison with the Technology sector average of 36.79, Zebra Technologies's price to earnings (P/E) is 20% lower.
ZBRA PE vs peers
In comparison to its peers HON and DHR, ZBRA's PE ratio is lower, but it is higher than DOV's and HPQ's. Zebra Technologies's PE ratio is trading above the peer average of 25.19.
| Stock name | PE ratio | Market cap |
|---|---|---|
| HPQ Hp Inc | 8.76 | $21.87B |
| BRC Brady Corp | 19.56 | $4.08B |
| DOV DOVER Corp | 27.96 | $30.39B |
| ZBRA Zebra Technologies Corp | 29.32 | $11.64B |
| DHR Danaher Corp | 34.32 | $126.08B |
| HON Honeywell International Inc | 34.78 | $142.15B |
| XRX Xerox Holdings Corp | N/A | $415.23M |
| ALOT AstroNova Inc | N/A | $220.19M |
| TACT Transact Technologies Inc | N/A | $54.36M |
Frequently asked questions
What is Zebra Technologies's PE ratio?
The price to earnings ratio for ZBRA stock is 29.49 as of Jun 22, 2026.
What is the 3-year average PE ratio for Zebra Technologies (ZBRA)?
The average PE ratio for ZBRA stock over the past 3 years is 37.74.
What is the 5-year average PE ratio for Zebra Technologies (ZBRA)?
The average PE ratio for ZBRA stock over the past 5 years is 35.96.
What is the highest PE ratio for ZBRA?
The highest quarterly PE ratio in the last nine years has been 314.55 and it was in the Dec 2017 quarter.
How does the current PE ratio for ZBRA compare to its historical average?
ZBRA's current price to earnings ratio is 37% below its 9-year historical average.
How is ZBRA's PE ratio calculated (Zebra Technologies PE ratio formula)?
You can calculate the P/E ratio by dividing the most recent stock price by the trailing twelve months EPS. As of today (Jun 22, 2026), Zebra Technologies's share price is $245.69. The company's earnings per share for the trailing twelve months (TTM) ending Apr 2026 is $8.33. Therefore, Zebra Technologies's PE ratio for today is 29.49. PE RATIO(29.49) = STOCK PRICE($245.69) / TTM EPS($8.33)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.