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ZSZscaler, Inc.

The forward PE ratio is 34.87 as of Thursday, July 9, 2026.

Forward PE Ratio (34.87) = Close Price ($147.12) / Consensus Forward EPS ($4.12)

ZS Forward PE Ratio Metrics

FORWARD PE RATIO

34.87

ZS Competitors' Forward PE Ratio

ZS

Zscaler, Inc.

Current

Market Cap

$23.79B

Forward PE Ratio

34.87

TEAM

Atlassian Corporation

vs ZS

Market Cap

$23.83B

Forward PE Ratio

15.60

FFIV

F5, Inc.

vs ZS

Market Cap

$24.28B

Forward PE Ratio

25.42

VRSK

Verisk Analytics, Inc.

vs ZS

Market Cap

$24.50B

Forward PE Ratio

24.74

VRSN

VeriSign, Inc.

vs ZS

Market Cap

$24.57B

Forward PE Ratio

27.20

CPAY

Corpay, Inc.

vs ZS

Market Cap

$22.95B

Forward PE Ratio

12.92

OKTA

Okta, Inc.

vs ZS

Market Cap

$24.73B

Forward PE Ratio

42.63

BESIY

BE Semiconductor Industries N.V.

vs ZS

Market Cap

$22.81B

Forward PE Ratio

68.02

MKSI

MKS Inc.

vs ZS

Market Cap

$24.91B

Forward PE Ratio

29.87

TSEM

Tower Semiconductor Ltd.

vs ZS

Market Cap

$25.32B

Forward PE Ratio

64.84

Trailing vs Forward

Trailing P/E

N/A

reported TTM EPS

Forward P/E

34.9

consensus next-FY EPS

Forward P/E by Fiscal Year

View All Analyst Estimates

At today's $147.12 close, each upcoming fiscal year's consensus EPS implies a different multiple — how quickly the price is "paid down" by expected earnings if the estimates hold.

Fiscal year endConsensus EPSEstimate rangeAnalystsImplied P/E
2026-07-31$4.12$3.98 – $4.442635.7x
2027-07-31$4.58$3.97 – $5.232632.1x
2028-07-31$5.38$-21.01 – $31.201427.3x

Source: FMP analyst consensus estimates, refreshed with the daily precompute. "n/m" = the consensus EPS is not positive, so a multiple is undefined. There is no forward P/E history chart here because charting one would require the estimates as they stood in the past, which we do not store — see the trailing P/E history for how the realized multiple has moved.

Forward PE Ratio Formula & Definition

PE Ratio = Share Price / Diluted EPS (TTM)

The price-to-earnings ratio measures how much investors pay for each dollar of trailing earnings. A lower PE can indicate a cheaper valuation; a higher PE implies higher growth expectations.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

Forward PE Ratio FAQ

What is the forward PE ratio for Zscaler, Inc. (ZS)?
The forward PE ratio for ZS stock is 34.87.

About Zscaler, Inc.

Globally recognized, Zscaler, Inc. functions as a leading provider of cloud-based security solutions. Its core offerings include Zscaler Internet Access (ZIA), which ensures secure connectivity for a diverse range of entities – including users, servers, operational technology (OT), and IoT devices – when accessing external resources like software-as-a-service (SaaS) applications and general internet destinations. Complementing this, the Zscaler Private Access (ZPA) solution facilitates secure entry to internal applications residing in private or public clouds and traditional data centers. Zscaler also delivers Zscaler Digital Experience (ZDX), a tool that assesses the complete user journey across various business applications. ZDX then generates a clear, digestible digital experience score for individual users, specific applications, and different locations within an organization. Furthermore, the company's portfolio extends to advanced workload segmentation solutions. This category includes Zscaler Cloud Security Posture Management (CSPM), designed to identify and correct application misconfigurations across SaaS, IaaS, and PaaS environments, thereby minimizing risk and upholding compliance standards. Another key offering is Zscaler Cloud Workload Segmentation, specifically engineered to fortify application-to-application communication within public clouds and data centers. Its objective is to thwart lateral threat propagation, safeguard applications from compromise, and ultimately mitigate the potential for data breaches. The underlying platform is built upon integral components such as the Zscaler Central Authority, Zscaler Enforcement Nodes, and Zscaler Log Servers. Serving a diverse global clientele, Zscaler caters to numerous sectors including aviation and transportation, conglomerates, consumer goods and retail, financial services, healthcare, manufacturing, media and communications, public sector and education, as well as technology and telecommunications. Founded in 2007, the company initially operated as SafeChannel, Inc., before rebranding to Zscaler, Inc. in August 2008. Its corporate headquarters are located in San Jose, California.

San Jose, CA
7,348 employees
Technology / Software - Infrastructure
Sector
Technology
Industry
Software - Infrastructure
CEO
Jagtar Singh Chaudhry