What is Zillow Group, Inc.'s price / book?

Zillow Group, Inc. (ZG) reported price / book of 2.3× in Q1 2026.

How has Zillow Group, Inc.'s price / book changed year-over-year?

Zillow Group, Inc.'s price / book decreased by 34.0% year-over-year, from 3.4× to 2.3×.

What is the long-term trend for Zillow Group, Inc.'s price / book?

Over 5 years (2020 to 2025), Zillow Group, Inc.'s price / book has grown at a -12.7% compound annual growth rate (CAGR), from 6.7× to 3.4×.

What does price / book mean?

Market capitalization at the quarter end divided by shareholders' equity. The premium (or discount) the market assigns to the company's book equity.

Zillow Group, Inc. ZG Price / book

Price / book at other companies

CoStar GroupCSGP

2.1×-1.8×

Rocket CompaniesRKT

1.7×+1.5×

Rithm CapitalRITM

0.6×-0.2×

News CorporationNWS

1.8×-0.3×

Invitation HomesINVH

1.7×-0.5×

Equity ResidentialEQR

2.1×-0.4×

Other financials

Income statement

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Revenue$708.0M+18.4%

Gross profit$519.0M+13.1%

Operating income$36.0M+500%

Net income$46.0M+475%

EPS (diluted)$0.19+533%

Balance sheet

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Cash & equivalents$683.0M-25.6%

Total debt$94.0M-91.5%

Total equity$4.4B-7.3%

Total assets$5.2B-9.0%

Cash flow

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Operating cash flow$200.0M+92.3%

CapEx$34.0M-5.6%

Free cash flow$166.0M+144%

Valuation

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Market cap$7.43B-38.8%

Enterprise value$6.84B-43.1%

P/E121.9×—

P/S2.8×-2.5×

Profitability

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Gross margin73.3%-3.1pp

Operating margin0.4%+0.2pp

Net margin2.3%+1.4pp

FCF margin12.4%-1.2pp

Returns & leverage

See full

Return on equity1.3%+0.9pp

Debt / equity0×-0.2×

Current ratio2.3×-0.2×

Where this comes from

Calculated from Zillow Group, Inc.’s reported figures.

market cap/total stockholders equity=2.3×

Based on the most recent quarter.

The official record: Zillow Group, Inc.’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Zillow Group, Inc.'s price / book?: Zillow Group, Inc. (ZG) reported price / book of 2.3× in Q1 2026.
How has Zillow Group, Inc.'s price / book changed year-over-year?: Zillow Group, Inc.'s price / book decreased by 34.0% year-over-year, from 3.4× to 2.3×.
What is the long-term trend for Zillow Group, Inc.'s price / book?: Over 5 years (2020 to 2025), Zillow Group, Inc.'s price / book has grown at a -12.7% compound annual growth rate (CAGR), from 6.7× to 3.4×.
What does price / book mean?: Market capitalization at the quarter end divided by shareholders' equity. The premium (or discount) the market assigns to the company's book equity.