Overview
Discounted cash flow
Income / accounting-based
Multiples & assets
Scenario
Toolbox
Weighted blend
$421.39
+72.96% vs spot
Strong Buy
Spot price
$243.63
Mkt cap $11.6B
subtle cardAnalyst PT consensus
$311.00
+27.65% vs spot
subtle cardMethods covered
15 / 16
11 in blend
subtle cardFootball field
ZBRA · fair-value range by method
Method comparison
ZBRA · fair value by valuation framework
| Method | Category | Fair value | Range | vs spot | Weight | Driver | Conf. |
|---|---|---|---|---|---|---|---|
| DCF · FCFF | dcf | $750.13 | $546.07 – $1,059.01 | +207.90% | 24.4% | WACC 7.8%, g₀=25.0%, gₗ=2.0% | high |
| DCF · FCFE | dcf | $411.02 | $329.40 – $519.77 | +68.71% | 20.0% | kₑ 11.7%, g₀=25.0%, gₗ=2.0% | high |
| Residual income | income | $78.21 | $68.83 – $87.60 | -67.90% | 13.3% | BV 78.26, ROE 11.7% → kₑ | high |
| EVA / MVA | income | $439.64 | $386.88 – $492.40 | +80.45% | 8.9% | IC 6.3B, WACC 7.8% | high |
| P/E · sector | multiple | $229.04 | $201.56 – $256.52 | -5.99% | 11.1% | EPS 8.18 × peer P/E 28.0 | med |
| P/S · sector | multiple | $706.13 | $600.21 – $812.05 | +189.84% | — | Rev/sh 117.69 × peer P/S 6.00 | med |
| EV / EBITDA | multiple | $370.97 | $326.45 – $415.49 | +52.27% | 11.1% | EBITDA × peer 20.0× − ND 2.7B | high |
| EV / EBIT | multiple | $360.06 | $306.06 – $414.07 | +47.79% | — | EBIT × peer 24.0× − ND | med |
| EV / Sales | multiple | $541.52 | $460.29 – $622.74 | +122.27% | 5.6% | Sales × peer 5.10× − ND | med |
| PEG-anchored | multiple | $327.20 | $278.12 – $376.28 | +34.30% | — | PEG=1, fwd EPS g 126.8% | med |
| Earnings power | intrinsic | $108.28 | $95.29 – $121.27 | -55.56% | 1.1% | NOPAT / WACC, no growth | med |
| Graham revised | intrinsic | $391.39 | $332.68 – $450.10 | +60.65% | 1.1% | EPS×(8.5+2g)·4.4/Y | low |
| Lynch P/E=g | intrinsic | $204.50 | $173.83 – $235.17 | -16.06% | 1.1% | PE = g (25.0) | low |
| Book NAV | asset | $78.26 | $74.34 – $82.17 | -67.88% | 2.2% | (Assets − Liabilities) / Shares | high |
| Liquidation | asset | $23.44 | $19.93 – $26.96 | -90.38% | — | Cash 100% + non-cash 70% − Liab. | low |
| Reverse DCF | reverse | — | — | — | — | Implied g 1.6% · Conservative — modest implied growth | high |
Cost-of-capital build-up
CAPM cost of equity, after-tax cost of debt, WACC. Risk-free as of 2026-05-12.
| Risk-free rate (US 10y Treasury)rf | 4.46% |
| Equity beta (1.62)β | × 1.62 |
| Equity risk premiumERP | 4.46% |
| Cost of equity (CAPM)kₑ | 11.70% |
| Pre-tax cost of debtkd | 3.84% |
| Effective tax ratet | 25.2% |
| After-tax cost of debt | 2.87% |
| Equity weight$3.6B | 56.0% |
| Debt weight$2.8B | 44.0% |
| WACC | 7.82% |
Growth assumptions
Blended forward growth used as DCF default; terminal pegged to long-run nominal GDP.
| Analyst forward revenue growthFMP | 12.40% |
| Analyst forward EPS growthFMP | 126.80% |
| Historical 5y revenue CAGRFY | -1.04% |
| Historical 5y EPS CAGRFY | -14.81% |
| Sustainable g (ROE × retention)Δ | 11.68% |
| Blended near-term growth (g₀) | 25.00% |
| Terminal growth (gₗ) | 2.00% |
Sources
- FMP /analyst-estimates— 8 rows(as of 2022-12-30)
- Treasury rates · 10y— 4.46% rf(as of 2026-05-12)
- market_risk_premium · DB— 4.46% ERP(as of 2026-05-13)
- Sector multiple defaults— Technology (live sector PE unavailable)
- FMP /price-target-consensus— mean $311.00
This page is generated by a quantitative valuation engine for research purposes only and does not constitute investment advice. Methodology follows standard CFA / Damodaran frameworks; assumptions are driven by analyst consensus from Financial Modeling Prep and reported financial statements.