Overview Dividends

(Z) Zillow C - Ratings and Ratios

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: US98954M2008

Marketplace, Mortgages, Software, Advertising, Rentals

Z EPS (Earnings per Share)

EPS Growth (3Y CAGR): 30.86%
EPS Trend (3Y Correlation): 51.0%

Z Revenue

Revenue Growth (3Y CAGR): 17.39%
Revenue Trend (3Y Correlation): 95.3%

Risk via 10d forecast
Volatility	43.8%
Value at Risk 5%th	65.9%

Reward
Sharpe Ratio	-0.05
Alpha Jensen	-30.38

Character
Hurst Exponent	0.429
Beta	2.070

Drawdowns 3y
Max DD	37.48%
Mean DD	12.70%

Description: Z Zillow C October 16, 2025

Zillow Group Inc. (NASDAQ: Z) operates a suite of U.S. real-estate brands-including Zillow, Trulia, StreetEasy, HotPads and Out East-delivering consumer-facing marketplaces for agents, rentals, new-construction listings, and mortgage services, as well as B2B SaaS tools such as dotloop, ShowingTime+, Spruce and Follow Up Boss.

Key performance metrics from the most recent quarter (Q3 2024) show revenue of $1.42 billion, up 6 % YoY, driven primarily by a 12 % rise in advertising spend on the Premier Agent platform and a 9 % increase in mortgage-originations volume. The company reported 115 million monthly active users across its digital properties, with a 4 % year-over-year growth in average listings per user-a leading indicator of market engagement.

Fundamental economic drivers for Zillow include U.S. housing inventory levels (currently at a 3-year low of 1.2 million homes), mortgage-rate volatility (the 30-year fixed rate hovering around 7 % as of October 2025), and broader digital-ad spend trends in real-estate services, which have been rising at ~5 % CAGR. These factors create both upside potential for transaction-related revenue and downside risk if rates remain elevated, suppressing buyer demand.

Given the interplay of housing-market fundamentals and Zillow’s diversified SaaS revenue stream, a deeper dive into the company’s unit economics and competitive positioning on platforms like ValueRay could help clarify its long-term valuation prospects.

Z Stock Overview

Market Cap in USD	17,547m
Sub-Industry	Real Estate Services
IPO / Inception	2011-07-20
Return 12m vs S&P 500	-16.4%
Analyst Rating	3.20 of 5

Z Dividends

Currently no dividends paid

Z Growth Ratios

CAGR	25.17%
CAGR/Max DD Calmar Ratio	0.67
CAGR/Mean DD Pain Ratio	1.98
Current Volume	3836.7k
Average Volume	2369.8k

Piotroski VR‑10 (Strict, 0-10) 3.5

Net Income (-32.0m TTM) > 0 and > 6% of Revenue (6% = 149.0m TTM)

FCFTA 0.05 (>2.0%) and ΔFCFTA 0.83pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 61.82% (prev 84.18%; Δ -22.36pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.07 (>3.0%) and CFO 418.0m > Net Income -32.0m (YES >=105%, WARN >=100%)

Net Debt (-507.0m) to EBITDA (184.0m) ratio: -2.76 <= 3.0 (WARN <= 3.5)

Current Ratio 3.63 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (256.2m) change vs 12m ago 10.20% (target <= -2.0% for YES)

Gross Margin 74.87% (prev 76.44%; Δ -1.57pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 41.88% (prev 35.01%; Δ 6.88pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio -1.10 (EBITDA TTM 184.0m / Interest Expense TTM 21.0m) >= 6 (WARN >= 3)

Altman Z'' -2.09

(A) 0.27 = (Total Current Assets 2.12b - Total Current Liabilities 584.0m) / Total Assets 5.70b

(B) -0.33 = Retained Earnings (Balance) -1.86b / Total Assets 5.70b

(D) -2.63 = Book Value of Equity -1.86b / Total Liabilities 706.0m

Total Rating: -2.09 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 54.16

1. Piotroski 3.50pt = -1.50

2. FCF Yield 1.68% = 0.84

3. FCF Margin 10.95% = 2.74

4. Debt/Equity 0.07 = 2.50

5. Debt/Ebitda -2.76 = 2.50

6. ROIC - WACC (= -13.89)% = -12.50

7. RoE -0.66% = -0.11

8. Rev. Trend 95.29% = 7.15

9. EPS Trend 51.04% = 2.55

What is the price of Z shares?

As of November 13, 2025, the stock is trading at USD 72.03 with a total of 3,836,678 shares traded.
Over the past week, the price has changed by -1.37%, over one month by +3.25%, over three months by -10.15% and over the past year by -3.12%.

Is Zillow C a good stock to buy?

Neither. Based on ValueRay´s Fundamental Analyses, Zillow C is currently (November 2025) neither a good nor a bad stock to buy. It has a ValueRay Fundamental Rating of 54.16 and therefor a neutral outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of Z is around 61.97 USD . This means that Z is currently overvalued and has a potential downside of -13.97%.

Is Z a buy, sell or hold?

Zillow C has received a consensus analysts rating of 3.20. Therefor, it is recommend to hold Z.

Strong Buy: 0
Buy: 1
Hold: 4
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the Z price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	86.7	20.4%
Analysts Target Price	86.7	20.4%
ValueRay Target Price	72.1	0.1%

Z Fundamental Data Overview November 10, 2025

Market Cap USD = 17.55b (17.55b USD * 1.0 USD.USD)
P/E Forward = 33.67
P/S = 7.067
P/B = 3.8209
P/EG = 0.73
Beta = 2.07
Revenue TTM = 2.48b USD
EBIT TTM = -23.0m USD
EBITDA TTM = 184.0m USD
Long Term Debt = 97.0m USD (from capitalLeaseObligations, last fiscal year)
Short Term Debt = 285.0m USD (from shortTermDebt, last quarter)
Debt = 367.0m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -507.0m USD (from netDebt column, last quarter)
Enterprise Value = 16.23b USD (17.55b + Debt 367.0m - CCE 1.68b)
Interest Coverage Ratio = -1.10 (Ebit TTM -23.0m / Interest Expense TTM 21.0m)
FCF Yield = 1.68% (FCF TTM 272.0m / Enterprise Value 16.23b)
FCF Margin = 10.95% (FCF TTM 272.0m / Revenue TTM 2.48b)
Net Margin = -1.29% (Net Income TTM -32.0m / Revenue TTM 2.48b)
Gross Margin = 74.87% ((Revenue TTM 2.48b - Cost of Revenue TTM 624.0m) / Revenue TTM)
Gross Margin QoQ = 72.63% (prev 74.66%)
Tobins Q-Ratio = 2.85 (Enterprise Value 16.23b / Total Assets 5.70b)
Interest Expense / Debt = 0.82% (Interest Expense 3.00m / Debt 367.0m)
Taxrate = -16.67% (negative due to tax credits) (-2.00m / 12.0m)
NOPAT = -26.8m (EBIT -23.0m * (1 - -16.67%)) [loss with tax shield] [negative tax rate / tax credits]
Current Ratio = 3.63 (Total Current Assets 2.12b / Total Current Liabilities 584.0m)
Debt / Equity = 0.07 (Debt 367.0m / totalStockholderEquity, last quarter 4.99b)
Debt / EBITDA = -2.76 (Net Debt -507.0m / EBITDA 184.0m)
Debt / FCF = -1.86 (Net Debt -507.0m / FCF TTM 272.0m)
Total Stockholder Equity = 4.83b (last 4 quarters mean from totalStockholderEquity)
RoA = -0.56% (Net Income -32.0m / Total Assets 5.70b)
RoE = -0.66% (Net Income TTM -32.0m / Total Stockholder Equity 4.83b)
RoCE = -0.47% (EBIT -23.0m / Capital Employed (Equity 4.83b + L.T.Debt 97.0m))
RoIC = -0.51% (negative operating profit) (NOPAT -26.8m / Invested Capital 5.24b)
WACC = 13.38% (E(17.55b)/V(17.91b) * Re(13.64%) + D(367.0m)/V(17.91b) * Rd(0.82%) * (1-Tc(-0.17)))
Discount Rate = 13.64% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 4.88%
[DCF Debug] Terminal Value 49.81% ; FCFE base≈260.4m ; Y1≈171.0m ; Y5≈78.2m
Fair Price DCF = 4.31 (DCF Value 801.8m / Shares Outstanding 186.2m; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: 51.04 | EPS CAGR: 30.86% | SUE: 0.0 | # QB: 0
Revenue Correlation: 95.29 | Revenue CAGR: 17.39% | SUE: 0.53 | # QB: 0

Additional Sources for Z Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle