As of Jun 22, 2026, ZION's PEG ratio of 0.41 reflects its valuation relative to its growth rate. This result reflects a P/E ratio of 10.44 measured against EPS growth of 25.6%. When benchmarked against the trailing 4-quarter average of 0.37, ZION's PEG ratio reflects a 11% increase.
Zions Bancorporation National Association's ten years historical PEG ratio averages out to 0.84. Compared to historical data, ZION's 0.41 PEG ratio represents a decrease of 51%. ZION hit its maximum PEG ratio of 10.7 during the Dec 2019 quarter over the last ten years. The Jun 2021 quarter marked the lowest reading at 0.05, indicating the most attractive growth-adjusted valuation.
| Year | PEG ratio | PE ratio | Growth YoY |
|---|---|---|---|
| 2025 | 0.46 | 9.74 | 21.4% |
| 2024 | 0.79 | 10.96 | 13.8% |
| 2023 | N/A | 10.09 | -25% |
| 2022 | N/A | 8.48 | -14.7% |
| 2021 | 0.08 | 9.29 | 122.2% |
| 2020 | N/A | 14.2 | -30.6% |
| 2019 | 10.7 | 11.77 | 1.1% |
| 2018 | 0.15 | 9.34 | 60.9% |
| 2017 | 0.53 | 18.76 | 35.5% |
| 2016 | 0.32 | 21.52 | 66.7% |
| 2015 | N/A | 22.75 | -28.6% |
| 2014 | 2.69 | 16.97 | 6.3% |
| 2013 | 0.3 | 18.96 | 62.9% |
| 2012 | 1.31 | 22.06 | 16.9% |
| 2011 | 0.15 | 19.61 | 133.5% |
| Year | PEG ratio | PE ratio | Growth YoY |
|---|---|---|---|
| Mar 2026 | 0.35 | 8.96 | 25.6% |
| Dec 2025 | 0.46 | 9.74 | 21.4% |
| Sep 2025 | 0.37 | 10.14 | 27.1% |
| Jun 2025 | 0.3 | 9.5 | 31.8% |
| Mar 2025 | 0.34 | 9.74 | 28.6% |
| Dec 2024 | 0.79 | 10.96 | 13.8% |
| Sep 2024 | N/A | 10.76 | -18.9% |
| Jun 2024 | N/A | 10.45 | -26.9% |
| Mar 2024 | N/A | 10.9 | -32.1% |
| Dec 2023 | N/A | 10.09 | -25% |
| Sep 2023 | 3.79 | 6.45 | 1.7% |
| Jun 2023 | 0.82 | 4.73 | 5.8% |
| Mar 2023 | N/A | 5.11 | -4.9% |
| Dec 2022 | N/A | 8.48 | -14.7% |
| Sep 2022 | N/A | 9.56 | -25% |
ZION's PEG ratio today comes in under the 3, 5 and 10-year averages.
With a PEG of 0.41, ZION ranks lower than the Financial Services sector, the industry and its peers average. In comparison with the Financial Services sector average of 0.46, Zions Bancorporation National Association's PEG is 11% lower.
Relative to its peers, ZION's PEG ratio is below USB's and WAL's yet above FIBK's. At 0.41, Zions Bancorporation National Association's PEG ratio sits lower than the peer group average of 0.74.
| Stock name | PEG ratio | Market cap |
|---|---|---|
| FIBK First Interstate Bancsystem Inc | 0.27 | $3.62B |
| ZION Zions Bancorporation National Association | 0.41 | $10.01B |
| WAL Western Alliance Bancorporation | 0.52 | $8.81B |
| USB Us Bancorp | 0.71 | $93.15B |
| GBCI Glacier Bancorp Inc | 1.54 | $6.46B |
| NBHC National Bank Holdings Corp | N/A | $1.97B |
ZION's Jun 22, 2026 PEG ratio comes in at 0.41.
Historical data over a 3-year period puts ZION's average PEG ratio at 0.9.
Historical data over a 5-year period puts ZION's average PEG ratio at 0.65.
In the last ten years, ZION's peak PEG ratio of 10.7 occurred in the Dec 2019 quarter.
At present, ZION's PEG ratio runs 51% lower than its 10-year historical average.
Strong earnings growth relative to valuation results in ZION's low PEG ratio of 0.41.
The PEG ratio derives from taking PE and dividing by the rate at which earnings are growing (YoY TTM). As of Jun 22, 2026, Zions Bancorporation National Association carries a PE ratio of 10.44. Earnings grew at 25.6% over the TTM period ending Mar 2026. Applying the formula, this yields a PEG ratio of 0.41. PEG RATIO(0.41) = PE RATIO(10.44) / EPS GROWTH(25.6%)
All PEG ratio stats are based on quarterly TTM periods, unless otherwise specified.