Zscaler (ZS) Financial Ratios: P/E, ROE & More

Zscaler (ZS) Financial Ratios

For fiscal 2026 (fiscal year ended Jul 31, 2026), Zscaler had return on equity of -2.9% (down from -2.7%), debt-to-equity of 0.72 (down from 1.00), a current ratio of 1.70 (down from 2.01) and return on assets of -1.0% (up from -1.4%). A current ratio of 1.70 means current assets exceed current liabilities.

Zscaler Financial Ratios Analysis

Valuation, profitability, leverage, and liquidity ratios

Income Statement Balance Sheet Cash Flow Ratios

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Breakdown	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period ending	Jul 2026	Jul 2025	Jul 2024	Jul 2023	Jul 2022	Jul 2021
Valuation Ratios
Forward P/E	34.07	82.54	58.41	79.69	167.47	282.00
P/S Ratio	7.29	16.63	12.51	14.47	20.16	48.60
P/B Ratio	9.41	24.71	21.28	32.27	38.37	61.85
Price/Tangible Book	21.26	33.72	34.59	38.80	48.10	73.10
Price/FCF	28.69	55.01	42.67	64.08	87.08	212.59
Price/OCF	21.64	45.72	34.76	50.61	68.33	161.91
PEG Ratio	1.47	4.43	1.55	1.51	3.71	7.31
Enterprise Value Ratios
EV/Revenue	6.79	15.97	12.04	14.01	19.57	47.80
EV/EBITDA	519.49	-	-	-	-	-
EV/FCF	26.73	52.81	41.10	62.02	84.49	209.09
Profitability & Returns
Return on Equity (ROE)	-2.87%	-2.70%	-5.77%	-31.17%	-70.82%	-51.70%
Return on Assets (ROA)	-1.03%	-1.37%	-1.83%	-4.43%	-8.04%	-10.35%
Return on Invested Capital (ROIC)	-	-	-	-	-	-4055.39%
Return on Capital Employed (ROCE)	-2.40%	-3.10%	-7.60%	-11.00%	-19.30%	-14.10%
Leverage & Solvency Ratios
Debt/Equity	0.72	1.00	0.97	1.68	1.82	1.79
Debt/EBITDA	11.05	18.64	33.73	-	-	-
Debt/FCF	2.19	2.22	1.96	3.34	4.14	6.27
Liquidity Ratios
Current Ratio	1.70	2.01	1.09	1.88	1.99	2.57
Quick Ratio	1.57	1.89	1.01	1.75	1.88	2.44
Efficiency Ratios
Asset Turnover	0.47	0.48	0.52	0.50	0.43	0.33
Yield & Distribution Ratios
Earnings Yield	-0.26%	-0.09%	-0.21%	-0.86%	-1.77%	-
FCF Yield	3.49%	1.82%	2.34%	1.56%	1.15%	0.47%
Buyback Yield	-3.77%	-3.22%	-3.20%	-2.87%	-3.86%	-4.90%
Total Return	-	-	-	-	-	-4.90%

Source: Company financial statements from annual and quarterly filings. Data as of Jul 31, 2026. Data sources and methodology

Frequently Asked Questions About Zscaler Financial Ratios

What is Zscaler's return on equity?

Zscaler's return on equity (ROE) was -2.9% for fiscal 2026 (period ended Jul 31, 2026). It was -2.7% a year earlier.

What is Zscaler's debt-to-equity ratio?

Zscaler's debt-to-equity ratio was 0.72 for fiscal 2026 (period ended Jul 31, 2026). It was 1.00 a year earlier.

What is return on equity (ROE)?

Return on equity is net income divided by shareholders' equity. It measures how much profit a company generates from the capital its shareholders have invested. Full definition