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Zscaler ZS Price / book

Price / book at other companies

Cisco Systems, Inc. logo
Cisco Systems, Inc.CSCO
7.4×+2.5×
Fortinet logo
FortinetFTNT
61.1×+23.4×
Cloudflare, Inc. logo
Cloudflare, Inc.NET
47.6×+20.3×
CrowdStrike Holdings, Inc. logo
CrowdStrike Holdings, Inc.CRWD
24.4×-5.3×
Broadcom Inc. logo
Broadcom Inc.AVGO
24.1×+8.2×
Akamai Technologies logo
Akamai TechnologiesAKAM
3.4×+0.8×

Other financials

Income statement

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Revenue$850.5M+25.4%
Gross profit$657.8M+26.0%
Operating income-$29.6M-16.6%
Net income-$13.9M-237%
EPS (diluted)-$0.09-200%

Balance sheet

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Cash & equivalents$982.1M-50.7%
Total debt$1.7B+40.9%
Total equity$2.4B+31.1%
Total assets$7.1B+32.9%

Cash flow

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Operating cash flow$198.0M-6.2%
CapEx$42.4M-41.2%
Free cash flow$155.6M+12.0%

Valuation

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Market cap$20.11B-35.4%
Enterprise value$20.86B-31.5%
P/S6.3×-5.9×

Profitability

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Gross margin76.7%-0.7pp
Operating margin-4.7%-0.1pp
Net margin-2.4%+3.7pp

Returns & leverage

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Return on equity-3.7%+2.3pp
Debt / equity0.7×+0.1×
Current ratio1.9×+0.6×

Where this comes from

Calculated from Zscaler’s reported figures.

Based on the most recent quarter.

The official record: Zscaler’s 10-Q, filed May 26, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Zscaler's price / book?
Zscaler (ZS) reported price / book of 8.9× in Q1 2026.
How has Zscaler's price / book changed year-over-year?
Zscaler's price / book decreased by 50.7% year-over-year, from 18× to 8.9×.
What is the long-term trend for Zscaler's price / book?
Over 4 years (2021 to 2025), Zscaler's price / book has grown at a -21.0% compound annual growth rate (CAGR), from 208.5× to 81.2×.
What does price / book mean?
How the market price compares to the company's accounting net worth.
How do you interpret price / book?
Below 1.0 can flag a market discount to book value (common for distressed or asset-heavy firms); high values reflect intangible value the balance sheet doesn't capture. Most informative for financials and asset-heavy businesses.
How does price / book compare across companies?
A core valuation gauge for banks and insurers; weak for asset-light firms where book value understates economic value.