ZION
Zions Bancorporation N A
PE ratio, current and historical analysis
- Stocks
- Financial Services
- NASDAQ: ZION
- PE Ratio
As of Jul 31, 2026, the Zions Bancorporation N A stock's PE ratio is 10.84. This takes into account the latest EPS of $6.43 and stock price of $69.7. The PE ratio marks an increase of 13% from its last 4 quarters average of 9.6.
ZION PE ratio history
The PE ratio of Zions Bancorporation N A has averaged 11.46 over the last ten years. The current P/E ratio of 10.84 is 5% lower than the historical average. Looking back at the last ten years, ZION's PE ratio peaked in the Dec 2016 quarter at 21.52, when the price was $43.04 and the EPS was $2. The lowest point was in the Jun 2023 quarter, when it reached 4.73 with a price of $26.86 and an EPS of $5.68.
Zions Bancorporation N A PE ratio by year
Maximum annual increase: 34.06% in 2015
Maximum annual decrease: -50.21% in 2018
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2025 | 9.74 | -11.13% | $58.54 | $6.01 |
| 2024 | 10.96 | 8.62% | $54.25 | $4.95 |
| 2023 | 10.09 | 18.99% | $43.87 | $4.35 |
| 2022 | 8.48 | -8.72% | $49.16 | $5.8 |
| 2021 | 9.29 | -34.58% | $63.16 | $6.8 |
| 2020 | 14.2 | 20.65% | $43.44 | $3.06 |
| 2019 | 11.77 | 26.02% | $51.92 | $4.41 |
| 2018 | 9.34 | -50.21% | $40.74 | $4.36 |
| 2017 | 18.76 | -12.83% | $50.83 | $2.71 |
| 2016 | 21.52 | -5.41% | $43.04 | $2 |
| 2015 | 22.75 | 34.06% | $27.3 | $1.2 |
| 2014 | 16.97 | -10.5% | $28.51 | $1.68 |
| 2013 | 18.96 | -14.05% | $29.96 | $1.58 |
| 2012 | 22.06 | 12.49% | $21.4 | $0.97 |
| 2011 | 19.61 | N/A | $16.28 | $0.83 |
Zions Bancorporation N A PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Mar 2026 | 8.96 | -8.01% | $57.62 | $6.43 |
| Dec 2025 | 9.74 | -3.94% | $58.54 | $6.01 |
| Sep 2025 | 10.14 | 6.74% | $56.58 | $5.58 |
| Jun 2025 | 9.5 | -2.46% | $51.94 | $5.47 |
| Mar 2025 | 9.74 | -11.13% | $49.86 | $5.12 |
| Dec 2024 | 10.96 | 1.86% | $54.25 | $4.95 |
| Sep 2024 | 10.76 | 2.97% | $47.22 | $4.39 |
| Jun 2024 | 10.45 | -4.13% | $43.37 | $4.15 |
| Mar 2024 | 10.9 | 8.03% | $43.4 | $3.98 |
| Dec 2023 | 10.09 | 56.43% | $43.87 | $4.35 |
| Sep 2023 | 6.45 | 36.36% | $34.89 | $5.41 |
| Jun 2023 | 4.73 | -7.44% | $26.86 | $5.68 |
| Mar 2023 | 5.11 | -39.74% | $29.93 | $5.86 |
| Dec 2022 | 8.48 | -11.3% | $49.16 | $5.8 |
| Sep 2022 | 9.56 | 0.84% | $50.86 | $5.32 |
ZION Price vs fair value
ZION 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.
Currently, ZION's PE ratio is higher than the 3 and 5-year averages, but it is lower than its 10-year average.
PE comparison
With a price to earnings (P/E) of 10.84, ZION ranks lower than the Financial Services sector, the industry and its peers average. In comparison with the Financial Services sector average of 13.56, Zions Bancorporation N A's price to earnings (P/E) is 20% lower.
ZION PE vs peers
ZION's PE ratio stands lower than its peer stocks USB and GBCI, but it is higher than WAL's. Zions Bancorporation N A's current PE ratio of 10.84 is lower than the average of its peers, which is 14.74.
| Stock name | PE ratio | Market cap |
|---|---|---|
| WAL Western Alliance Bancorporation | 9.01 | $8.78B |
| ZION Zions Bancorporation N.A | 10.84 | $10.25B |
| FIBK First Interstate BancSystem Inc | 12.38 | $3.69B |
| USB U.S. Bancorp. | 13.21 | $97.81B |
| NBHC National Bank Holdings Corp | 16.06 | $1.93B |
| GBCI Glacier Bancorp Inc | 23.03 | $6.41B |
Frequently asked questions
What is Zions Bancorporation N A's PE ratio?
ZION's price to earnings ratio is 10.84 as of Jul 31, 2026.
What is the 3-year average PE ratio for Zions Bancorporation N A (ZION)?
The 3-year average price to earnings ratio for ZION stock is 9.79.
What is the 5-year average PE ratio for Zions Bancorporation N A (ZION)?
The 5-year average price to earnings ratio for ZION stock is 9.14.
What is the highest PE ratio for ZION?
Over the last ten years, the Dec 2016 quarter recorded the highest quarterly PE ratio at 21.52.
How does the current PE ratio for ZION compare to its historical average?
ZION's price to earnings ratio is currently 5% below its 10-year historical average.
How is ZION's PE ratio calculated (Zions Bancorporation N A PE ratio formula)?
The P/E ratio is calculated by taking the latest stock price and dividing it by the EPS for the last 12 months. As of today (Jul 31, 2026), Zions Bancorporation N A's share price is $69.7. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2026 is $6.43. Therefore, Zions Bancorporation N A's PE ratio for today is 10.84. PE RATIO(10.84) = STOCK PRICE($69.7) / TTM EPS($6.43)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.