Zebra Technologies Corporation ZBRA
- Market cap
- $17.3B
- P/E
- 33.6×
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Zebra Technologies Corporation (ZBRA) Price to free cash flow
As of 25 September 2026, Zebra Technologies Corporation (ZBRA) trades at a price to free cash flow of 19.5×. Over the past ten years it has ranged from 0.0× (March 2024) to 283× (December 2023); the current reading is higher than 44% of that period. That is below the Communication Equipment industry median of 25.0× and in line with the Technology sector median of 19.8×.
Price to free cash flow, daily
Annual
| Period | Price to free cash flow | Change |
|---|---|---|
| FY2025 | 14.9× | (28.77%) |
| FY2024 | 20.8× | — |
| FY2023 | 0.0× | — |
| FY2022 | 32.9× | 4.43% |
| FY2021 | 31.5× | 37.25% |
| FY2020 | 22.9× | 3.83% |
| FY2019 | 22.1× | 86.74% |
| FY2018 | 11.8× | (7.88%) |
| FY2017 | 12.8× | (12.49%) |
| FY2016 | 14.7× | — |
Quarterly
| Period | Price to free cash flow | Change |
|---|---|---|
| Jun 2026 | 13.9× | 13.35% |
| Mar 2026 | 12.3× | (17.45%) |
| Dec 2025 | 14.9× | (22.09%) |
| Sep 2025 | 19.1× | 3.51% |
| 42 more quarters | Free account |
Against its own ten years
Price to free cash flow against peers
| Company | Price to free cash flow |
|---|---|
| ASTS AST SpaceMobile, Inc. compare | n/m |
| AAOI Applied Optoelectronics, Inc. compare | n/m |
| ERIC Ericsson compare | 10.2× |
| ZBRA Zebra Technologies Corporation | 19.5× |
| VSAT Viasat Inc. compare | 28.4× |
| UI Ubiquiti Inc. compare | 37.3× |
| VIAV Viavi Solutions Inc. compare | 56.1× |
| CIEN Ciena Corporation compare | 62.3× |
| NOK Nokia Corporation compare | 94.3× |
| Communication Equipment industry median | 25.0× |
| Technology sector median | 19.8× |
| Market median | 14.0× |
What Price to free cash flow is
Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.
Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))
More on ZBRA
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- EV/EBITDA
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- The full statement