Zebra Technologies
Financial ratios & Valuation

Forward Multiples (2025 – 2027)

202520262027
Price/Earnings ratio
26.8522.4714.43
Price/Sales ratio
3.233.012.76
Earnings per Share (EPS)
$11.58$13.83$21.55

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
121.23-25.84-32.28323.7420.2525.3540.7538.0028.9147.4435.0920.25
Price/Sales ratio
2.350.971.231.472.023.074.615.652.313.062.812.02
Price/Book Value ratio
3.783.885.586.596.387.499.5710.664.894.625.947.49
Price/Cash Flow ratio
16.3534.6011.8911.5110.8620.1321.3529.7527.43-3.51K33.2910.86
Price/Free Cash Flow ratio
18.80-304.0614.9912.8511.8222.1022.9431.4932.41-154.3239.3411.82
Price/Earnings Growth ratio
-1.760.0628.95-2.880.000.89-6.310.57-0.66-1.35-0.770.89
Dividend Yield
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Profitability Indicator Ratios
Gross Profit Margin
46.57%45.02%45.94%45.94%46.96%46.82%45.03%46.70%45.39%46.31%45.39%46.82%
Operating Profit Margin
5.30%1.45%2.23%8.65%14.46%15.42%14.63%17.39%23.28%10.49%9.15%15.42%
Pretax Profit Margin
0.99%-4.48%-3.60%2.36%12.42%13.33%12.58%17.20%9.41%7.28%9.41%13.33%
Net Profit Margin
1.94%-3.76%-3.83%0.45%9.98%12.12%11.33%14.87%8.00%6.45%8.00%12.12%
Effective Tax Rate
-95.01%16.06%-6.20%80.68%19.65%9.03%10%13.53%14.88%11.37%14.88%14.88%
Return on Assets
0.58%-2.73%-2.95%0.39%9.70%11.54%9.37%13.46%6.14%4.05%6.14%11.54%
Return On Equity
3.11%-15.04%-17.29%2.03%31.53%29.58%23.50%28.04%16.94%9.74%17.13%29.58%
Return on Capital Employed
1.92%1.28%2.17%9.83%20.07%20.92%18.47%22.17%25.89%8.42%10.17%20.92%
Liquidity Ratios
Current Ratio
1.741.521.281.060.890.850.68N/AN/AN/A0.800.85
Quick Ratio
1.331.070.920.600.490.510.410.660.430.540.370.51
Cash ratio
0.410.210.160.060.030.020.090.180.040.080.040.03
Days of Sales Outstanding
149.3167.4667.0950.8947.0752.4942.9949.2950.1346.5048.4847.07
Days of Inventory outstanding
161.1971.6065.1783.0884.8472.5476.2859.7599.42119.2499.4284.84
Operating Cycle
310.50139.06132.27133.98131.92125.03119.28109.05149.56165.74111.38125.03
Days of Payables Outstanding
133.5252.5378.0269.4890.0684.4789.7185.1993.7667.6393.7690.06
Cash Conversion Cycle
176.9786.5254.2564.5041.8540.5529.5623.8655.7998.11-20.7540.55
Debt Ratios
Debt Ratio
0.570.590.570.520.360.270.230.150.280.300.630.36
Debt Equity Ratio
3.063.293.342.671.190.690.580.330.790.731.751.19
Long-term Debt to Capitalization
0.750.760.760.720.510.360.290.230.410.400.410.41
Total Debt to Capitalization
0.750.760.760.720.540.400.360.240.440.420.440.44
Interest Coverage Ratio
3.891.211.481.706.918.139.01N/AN/AN/A236.91
Cash Flow to Debt Ratio
0.070.030.140.210.490.530.771.070.22-0.000.220.53
Company Equity Multiplier
5.355.505.845.123.252.562.502.082.752.402.752.75
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.140.020.100.120.180.150.210.180.08-0.000.080.15
Free Cash Flow / Operating Cash Flow Ratio
0.86-0.110.790.890.910.910.930.940.8422.750.840.91
Cash Flow Coverage Ratio
0.070.030.140.210.490.530.771.070.22-0.000.220.53
Short Term Coverage Ratio
31.94N/AN/A9.3753.472.6415.492.28-0.022.283.47
Dividend Payout Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A