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) 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

Against its own ten years

Low 0.0× High 283×
Ten-year median 20.6×
Current reading's percentile 44

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)))

The full definition of Price to free cash flow →

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