Company Valuation: Zscaler, Inc.

Data adjusted to current consolidation scope
Fiscal Period: July 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 32,317 21,997 23,398 27,109 44,460 37,680 - -
Change - -31.93% 6.37% 15.86% 64.01% -15.25% - -
Enterprise Value (EV) 1 31,728 21,235 22,432 25,841 40,888 35,052 34,259 33,103
Change - -33.07% 5.64% 15.2% 58.23% -14.27% -2.26% -3.37%
P/E ratio -122x -56x -115x -460x -1,058x -1,200x 2,894x 302x
PBR 54.9x 38.1x 32.6x 21.5x 24.5x 15.4x 11.7x 9.04x
PEG - -1.3x 2.3x 6.4x 34.4x 44.3x -20x 0x
Capitalization / Revenue 48x 20.2x 14.5x 12.5x 16.6x 11.4x 9.54x 8.01x
EV / Revenue 47.1x 19.5x 13.9x 11.9x 15.3x 10.6x 8.68x 7.04x
EV / EBITDA 295x 140x 75.6x 50.8x 59.7x 40.3x 31.7x 24.8x
EV / EBIT 407x 190x 93.1x 58.4x 70.5x 47.5x 37.1x 28.8x
EV / FCF 221x 84.1x 67.2x 44.2x 56.3x 39.6x 30.9x 24.1x
FCF Yield 0.45% 1.19% 1.49% 2.26% 1.78% 2.52% 3.24% 4.15%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -1.93 -2.77 -1.4 -0.39 -0.27 -0.1969 0.0816 0.7816
Distribution rate - - - - - - - -
Net sales 1 673.1 1,091 1,617 2,168 2,673 3,296 3,948 4,703
EBITDA 1 107.6 152.1 296.6 508.6 684.5 868.8 1,080 1,337
EBIT 1 77.96 111.6 240.8 442.2 580.1 737.5 923 1,148
Net income 1 -262 -390.3 -202.3 -57.71 -41.48 -42.77 2.128 131.3
Net Debt 1 -589 -762.7 -966.1 -1,267 -3,572 -2,627 -3,421 -4,577
Reference price 2 235.91 155.06 160.38 179.35 285.56 236.28 236.28 236.28
Nbr of stocks (in thousands) 136,987 141,863 145,891 151,149 155,696 159,471 - -
Announcement Date 9/9/21 9/8/22 9/5/23 9/3/24 9/2/25 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
-1199.88x10.63x40.35x-.--% 37.68B
160.94x5.15x34.54x-.--% 8.09B
24.01x - - 2.01% 6.45B
45.03x5.03x24.06x0.78% 3.72B
36.94x - - - 612M
Average -186.59x 6.94x 32.98x 0.7% 11.31B
Weighted average by Cap. -770.35x 9.32x 38.17x 0.28%
See all sector valuations

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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  4. Valuation Zscaler, Inc.