Zebra Technologies Corporation ZBRA

370.04 4.94 1.35% as of 25 Sep
Market cap
$17.3B
P/E
33.6×
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Zebra Technologies Corporation (ZBRA) P/B ratio

As of 25 September 2026, Zebra Technologies Corporation (ZBRA) trades at a P/B ratio of 5.1×. Over the past ten years it has ranged from 2.8× (March 2026) to 12.8× (February 2021); the current reading is higher than 39% of that period. That is above the Communication Equipment industry median of 2.4× and above the Technology sector median of 3.0×.

P/B ratio, daily

Annual

Period P/B ratio Change
FY2025 3.4× (37.99%)
FY2024 5.5× 22.30%
FY2023 4.5× (8.76%)
FY2022 5.0× (53.37%)
FY2021 10.7× 11.28%
FY2020 9.6× 27.74%
FY2019 7.5× 17.32%
FY2018 6.4× (3.05%)
FY2017 6.6× 17.38%
FY2016 5.6× 41.22%

Quarterly

Period P/B ratio Change
Jun 2026 3.7× 23.82%
Mar 2026 3.0× (14.12%)
Dec 2025 3.4× (14.63%)
Sep 2025 4.0× (7.23%)
42 more quarters

Against its own ten years

Low 2.8× High 12.8×
Ten-year median 5.8×
Current reading's percentile 39

P/B ratio against peers

Company P/B ratio
VSAT Viasat Inc. compare 2.1×
NOK Nokia Corporation compare 2.3×
ERIC Ericsson compare 2.8×
AAOI Applied Optoelectronics, Inc. compare 5.0×
ZBRA Zebra Technologies Corporation 5.1×
VIAV Viavi Solutions Inc. compare 6.4×
ASTS AST SpaceMobile, Inc. compare 7.7×
CIEN Ciena Corporation compare 16.6×
UI Ubiquiti Inc. compare 23.6×
Communication Equipment industry median 2.4×
Technology sector median 3.0×
Market median 1.8×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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