Based on the latest data from Aug 21, 2026, ZBRA's PEG ratio sits at 9.55. This metric combines a PE of 33.44 with an earnings growth rate of 3.5%.
Looking at the past nine years, ZBRA's PEG ratio has settled around 1.88 on average. At 9.55, today's PEG ratio sits 408% higher than its historical average. Within the past nine years, the Sep 2023 quarter saw the highest PEG reading at 14.58. At 0.01, the Dec 2018 quarter represented the lowest PEG ratio in this timeframe.
| Year | PEG ratio | PE ratio | Growth YoY |
|---|---|---|---|
| 2025 | N/A | 29.47 | -19.6% |
| 2024 | 0.48 | 37.68 | 78.3% |
| 2023 | N/A | 47.54 | -35.1% |
| 2022 | N/A | 28.94 | -43.4% |
| 2021 | 0.58 | 38.01 | 66.1% |
| 2020 | N/A | 40.76 | -6.4% |
| 2019 | 0.9 | 25.34 | 28.2% |
| 2018 | 0.01 | 20.26 | 2,281.8% |
| 2017 | 2.8 | 314.55 | 112.5% |
| 2016 | N/A | N/A | 14.5% |
| 2015 | N/A | N/A | -584.4% |
| 2014 | N/A | 120.95 | -75.8% |
| 2013 | 1.81 | 20.41 | 11.3% |
| 2012 | N/A | 16.52 | -26.5% |
| 2011 | 0.13 | 11.04 | 82% |
| Year | PEG ratio | PE ratio | Growth YoY |
|---|---|---|---|
| Jul 2026 | 6.93 | 24.25 | 3.5% |
| Apr 2026 | N/A | 24.35 | -21.7% |
| Dec 2025 | N/A | 29.47 | -19.6% |
| Sep 2025 | 0.86 | 30.04 | 35% |
| Jun 2025 | 0.21 | 29.04 | 138.8% |
| Mar 2025 | 0.24 | 26.39 | 109.9% |
| Dec 2024 | 0.48 | 37.68 | 78.3% |
| Sep 2024 | N/A | 49.88 | -18% |
| Jun 2024 | N/A | 69.27 | -64.5% |
| Mar 2024 | N/A | 59.46 | -35.8% |
| Dec 2023 | N/A | 47.54 | -35.1% |
| Sep 2023 | 14.58 | 26.25 | 1.8% |
| Jul 2023 | 0.67 | 23.53 | 35.3% |
| Apr 2023 | N/A | 40.25 | -48.2% |
| Dec 2022 | N/A | 28.94 | -43.4% |
Measured against past performance, ZBRA's PEG ratio is above the 3, 5 and 10-year averages.
Zebra Technologies Corp - Class A's PEG of 9.55 is higher than the Technology sector, the industry and its peers average.
Among its peer stocks DHR and HON, ZBRA's PEG ratio runs higher. At 9.55, Zebra Technologies Corp - Class A's PEG ratio sits higher than the peer group average of 1.74.
According to Aug 21, 2026 figures, ZBRA's PEG ratio stands at 9.55.
ZBRA shows a 3-year average PEG ratio of 3.88.
ZBRA shows a 5-year average PEG ratio of 2.6.
ZBRA's PEG ratio topped out at 14.58 during the Sep 2023 quarter - the highest in nine years.
ZBRA currently has a PEG ratio 408% above its 9-year average.
When a company's earnings growth lags its valuation, the PEG ratio tends to be elevated - as seen with ZBRA's 9.55 reading.
The PEG ratio derives from taking PE and dividing by the rate at which earnings are growing (YoY TTM). As of Aug 21, 2026, Zebra Technologies Corp - Class A carries a PE ratio of 33.44. Earnings grew at 3.5% over the TTM period ending Jul 2026. Applying the formula, this yields a PEG ratio of 9.55. PEG RATIO(9.55) = PE RATIO(33.44) / EPS GROWTH(3.5%)
All PEG ratio stats are based on quarterly TTM periods, unless otherwise specified.