Stock AnalizZscaler, Inc. ZS
EDP Services · IPO 2018 · data as of November 13, 2026
Zscaler, Inc. (ZS) is a technology company listed in the US with a market value of about $31.4B. In fiscal year 2026 it had revenue of $3.4B and net income of -$63M, a net margin of -1.9%.
Its overall Stock Analiz score is 1.8 out of 5 (weak). The strongest part is future growth (5/5); the weakest is value (0/5).
Key numbers: a price to free cash flow of 36.8, 5-year revenue growth of 38% a year, a 5-year average ROIC of -8%. A discounted cash flow model with moderate assumptions puts its intrinsic value about 65% below the current price.
Score: 1.8 / 5
Checks passed
- Revenue growth above 10% last year
- 3-year revenue growth above 10% a year
- Profit margin improving
- 3-year free cash flow growth above 10% a year
- Strong R&D investment or growth above 20%
- 5-year revenue growth above 8% a year
- More cash than debt, or low debt to equity
- Positive free cash flow
Checks not passed
- P/E below 25
- P/E below the industry median
- P/FCF below 20
- Price below intrinsic value (DCF, moderate assumptions)
- PEG below 1.5
- 5-year EPS growth above 10% a year
- 5-year average ROIC above 12%
- Profitable 5 years in a row
Valuation
Growth and quality
Financials, last 10 years
| Fiscal year | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.4B | $2.7B | $2.2B | $1.6B | $1.1B | $673M | $431M | $303M | $190M | $126M |
| Net income | -$63M | -$41M | -$58M | -$202M | -$390M | -$262M | -$115M | -$29M | -$34M | -$35M |
| Free cash flow | $852M | $808M | $635M | $365M | $253M | $154M | $36M | $33M | $4M | -$14M |
| EPS (diluted) | $-0.39 | $-0.27 | $-0.39 | $-1.40 | $-2.77 | $-1.93 | $-0.89 | $-0.23 | $-0.63 | $-1.54 |
| Net margin | -1.9% | -1.6% | -2.7% | -12.5% | -35.8% | -38.9% | -26.7% | -9.5% | -17.7% | -28.2% |
| ROIC | -3.8% | -5.3% | -3.8% | -9.6% | -16.0% | -11.0% | -6.5% | -9.0% | -11.4% | — |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
What analysts expect
The average 12-month price target from 45 analysts is $235.19, 22% above the current price; targets range from $164.75 to $298.00; the consensus rating is “Buy”; expected EPS is $4.91 for the fiscal year ending July 31, 2027.
Frequently asked questions
Is Zscaler stock undervalued?
Our DCF model with moderate assumptions puts its intrinsic value about 65% below the current market value. A model is a range, not a promise; try your own assumptions in the DCF calculator.
Does Zscaler pay a dividend?
Not currently.
Is Zscaler a good stock to buy?
We do not give buy or sell advice. Zscaler scores 1.8 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
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Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.