Zscaler forward PE ZS

Share price divided by analysts' consensus earnings for the next twelve months, since 2019.

Today, Oct 23, 2026: 52.3×
7-year median: 76.0×
Against its 7-year history: 14th; percentile: 0 is its lowest day, 100 its highest
7-year range: 26.6× to 499×
Peer median: 42.3×

Zscaler's forward PE is 52.3× as of Oct 23, 2026.

That is below its 7-year median of 76.0×, lower than on 86% of days in the last 7 years.

Over that time it ranged from 26.6× in Apr 2026 to 499× in Nov 2020.

The median for 10 infrastructure software stocks of a similar size is 42.3×.

Forward PE over time

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	52.3×	26.6×	53.1×
2025	55.5×	52.9×	88.5×
2024	59.6×	54.7×	99.2×
2023	86.3×	45.1×	86.3×
2022	65.9×	64.1×	398×
2021	469×	416×	496×
2020	499×	224×	499×
2019	340×	328×	497×

Against its peers

Companies in Software - Infrastructure nearest Zscaler's size, closest first, today.

Company	Forward PE
ZSZscaler	52.3×
TWLOTwilio	42.3×
XYZBlock	16.7×
OKTAOkta	52.2×
MDBMongoDB	53.0×
VRSNVeriSign	29.1×
CPAYCorpay	13.9×
RBRKRubrik	265×
IOTSamsara	53.2×
FFIVF5	26.2×
PTCPTC	n/m
Peer median	42.3×

Where Zscaler ranks

What the forward PE tells you

Price divided by what analysts expect the company to earn over the next twelve months. It answers "what am I paying for next year" instead of last year.

Estimates are opinions. When forward PE is far below trailing PE, analysts expect a big jump in earnings. If that jump slips, the stock was not as cheap as it looked.

More on Zscaler

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.