Obermatt

Zscaler

NSQ:ZS · US98980G1022
SoftwareLarge

360

29
EV / EBIT30
Price / Owner Earnings95
Owner Earnings Yield1
Dividend Yield1
Price/Sales25
EV / Gross Profit57
Price/Book27
Return on Capital25
Cash Return on Capital20
Return on Equity26
EBIT Margin26
Gross Profitability53
Accruals11
Owner Earnings Margin26
Sales growth86
Profit Growth88
Long-Term EPS Growth82
Reinvestment72
Price momentum15
Debt load38
Refinancing36
Debt Payback1
Liquidity15
Analyst ratings73
Opinion Changes42
Price Target Upside70
Market mood51
Value Creation8/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Zscaler clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountryUSA
IndustrySoftware
SizeLarge
TypePublic Company
ExchangeNASDAQGS
Founded2007
Employees8,024
ISINUS98980G1022
Last UpdateApr 2, 2026
Themes
Network SecurityAuthorization and Access ControlCloud Data ServicesArtificial IntelligenceRemote Access and ControlEndpoint Security IntegrityIdentity and Access ManagementCloud ManagementCloud SecurityDevSecOpsData ProtectionInformation TechnologyPrivacy and SecuritySoftware

Description

Zscaler, Inc. (Zscaler) operates as a cloud security company that developed a platform incorporating core security functionalities needed to enable fast and secure access to cloud resources based on identity, context, and an organization’s policies.…

Analysis

Weak and unloved

Zscaler, Inc. is weak and unloved: below-average business metrics and a price that reflects that disappointment.

Valuation data is not available for this company.

The trajectory is moderate and the balance sheet is stretched. The company scores 8/20 on our value-creation score: creating some value.

Nothing is flagged here: no red or amber gates, no divergence between profits and cash. That is itself information: the numbers are straightforward. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
31
2023202420252026

All-time high

40

Jan 2024

All-time low

1

Jan 2025

Average rank

16

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
25
13
9
6
Price/Earnings
26
24
16
4
Price/Book
27
12
6
8
Dividend Yield
1
1
1
1
Value (overall)
13
12
6
11

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →