ZM
Zoom Video Communications
PE ratio, current and historical analysis
- Stocks
- Technology
- NASDAQ: ZM
- PE Ratio
As of Sep 11, 2026, the ZM stock has a PE ratio of 8.66. The calculation is based on the latest EPS of $11.03 and the stock price of $95.57 per share. A decrease of 36% has been observed in the PE ratio compared to its average of 13.4 of the last four quarters.
ZM PE ratio history
The mean historical PE ratio of Zoom Video Communications over the last eight years is 738.8. The current 8.66 P/E ratio is 99% lower than the historical average. Looking back at the last eight years, ZM's PE ratio peaked in the Jul 2019 quarter at 9,551, with a price of $95.51 and an EPS of $0.01. The Jul 2026 quarter marked the lowest point at 8.71, with a price of $96.07 and an EPS of $11.03.
Zoom Video Communications PE ratio by year
Maximum annual increase: 544.48% in 2023
Maximum annual decrease: -85.78% in 2024
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2026 | 14.57 | -45.04% | $92.1 | $6.32 |
| 2025 | 26.51 | -13.02% | $86.94 | $3.28 |
| 2024 | 30.48 | -85.78% | $64.61 | $2.12 |
| 2023 | 214.29 | 544.48% | $75 | $0.35 |
| 2022 | 33.25 | -78.82% | $154.28 | $4.64 |
| 2021 | 156.99 | -81.48% | $372.07 | $2.37 |
| 2020 | 847.78 | N/A | $76.3 | $0.09 |
| 2019 | N/A | N/A | N/A | $0 |
| 2018 | N/A | N/A | N/A | -$0.11 |
| 2017 | N/A | N/A | N/A | -$0.2 |
Zoom Video Communications PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Jul 2026 | 8.71 | -37.7% | $96.07 | $11.03 |
| Apr 2026 | 13.98 | -4.05% | $97.15 | $6.95 |
| Jan 2026 | 14.57 | -11.8% | $92.1 | $6.32 |
| Oct 2025 | 16.52 | -13.01% | $87.23 | $5.28 |
| Jul 2025 | 18.99 | -16.23% | $74.05 | $3.9 |
| Apr 2025 | 22.67 | -14.49% | $77.54 | $3.42 |
| Jan 2025 | 26.51 | 8.87% | $86.94 | $3.28 |
| Oct 2024 | 24.35 | 15.68% | $74.74 | $3.07 |
| Jul 2024 | 21.05 | -4.58% | $60.4 | $2.87 |
| Apr 2024 | 22.06 | -27.62% | $61.1 | $2.77 |
| Jan 2024 | 30.48 | -60.36% | $64.61 | $2.12 |
| Oct 2023 | 76.9 | -50.72% | $59.98 | $0.78 |
| Jul 2023 | 156.06 | -97.46% | $73.35 | $0.47 |
| Apr 2023 | 6,143 | 2,766.68% | $61.43 | $0.01 |
| Jan 2023 | 214.29 | 500.93% | $75 | $0.35 |
ZM Price vs fair value
ZM 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, ZM's PE ratio is lower than its 3 and 5-year averages.
PE comparison
Zoom Video Communications's price to earnings (P/E) of 8.66 is lower than the Technology sector and the industry average. In comparison with the Technology sector average of 33.11, Zoom Video Communications's price to earnings (P/E) is 74% lower.
ZM PE vs peers
Frequently asked questions
What is Zoom Video Communications's PE ratio?
The price to earnings ratio for ZM stock is 8.66 as of Sep 11, 2026.
What is the 3-year average PE ratio for Zoom Video Communications (ZM)?
The 3-year average price to earnings ratio for ZM stock is 24.73.
What is the 5-year average PE ratio for Zoom Video Communications (ZM)?
The 5-year average price to earnings ratio for ZM stock is 350.22.
What is the highest PE ratio for ZM?
The highest quarterly PE ratio in the last eight years has been 9,551 and it was in the Jul 2019 quarter.
How does the current PE ratio for ZM compare to its historical average?
ZM's current price to earnings ratio is 99% below its 8-year historical average.
Why is Zoom Video Communications's PE ratio so low?
ZM's PE ratio of 8.66 is considered low because the company's stock price is trading at a lower multiple of earnings.
How is ZM's PE ratio calculated (Zoom Video Communications 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 (Sep 11, 2026), Zoom Video Communications's share price is $95.57. The company's earnings per share for the trailing twelve months (TTM) ending Jul 2026 is $11.03. Therefore, Zoom Video Communications's PE ratio for today is 8.66. PE RATIO(8.66) = STOCK PRICE($95.57) / TTM EPS($11.03)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.