Zscaler, Inc.

Zscaler, Inc.

ZSยทNASDAQ

$134.37

-6.8%
TechnologySoftware - Infrastructure

Zscaler, Inc. operates as a cloud security company worldwide. The company provides Zscaler Internet Access solution that provides users, servers, operational technology, Internet of Things device secure access to externally managed applications, including software-as-a-service (SaaS) applications and Internet destinations; and Zscaler Private Access solution, which is designed to provide access to managed applications hosted internally in data centers, and private or public clouds. It also offers Zscaler Digital Experience that measures end-to-end user experience across business applications, as well as provides an easy to understand digital experience score for each user, application, and location within an enterprise. In addition, the company provides workload segmentation solutions comprising Zscaler Cloud Security Posture Management that identifies and remediates application misconfigurations in SaaS, infrastructure as a service, and platform as a service to reduce risk and ensure compliance with industry and organizational benchmarks; and Zscaler Cloud Workload Segmentation, which is designed to secure application-to-application communications inside public clouds and data centers to stop lateral threat movement, as well as prevents application compromise and reduces the risk of data breaches. Its platform modules include Zscaler Central Authority, Zscaler Enforcement Node, and Zscaler Log Servers. It serves customers in airlines and transportation, conglomerates, consumer goods and retail, financial services, healthcare, manufacturing, media and communications, public sector and education, technology, and telecommunications services industries. The company was formerly known as SafeChannel, Inc., and changed its name to Zscaler, Inc. in August 2008. Zscaler, Inc. was incorporated in 2007 and is headquartered in San Jose, California.

At a Glance

Live Snapshot
Market Cap$21.73B
EPS-0.2700
P/E Ratio-497.67
Earnings Date06/04/2026
Zscaler, Inc.

Zscaler, Inc. Fair Value Envelope

ZS ยท NASDAQ

Our analysis suggests that ZS has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $134.37, this represents a potential HIDDEN relative to our calculated worth for Zscaler, Inc..

Intrinsic Value
Current Price: $134.37

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$85.3B
+ Cash & Equivalents$2.4B
Firm Value$87.6B
- Debt$1.8B
Equity Value$85.8B
/ Shares Outstanding154,408,207B
DCF Value$556
UNDERVALUED BY 314%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$1.2B
$1.5B
$1.9B
$2.3B
$2.9B
$3.6B
$4.4B
$5.5B
$6.9B
$8.5B
Maintenance CapEx
-$61.1M
-$75.9M
-$94.2M
-$117.1M
-$145.4M
-$180.7M
-$224.5M
-$278.9M
-$346.4M
-$430.4M
Owner Earnings
$1.1B
$1.4B
$1.8B
$2.2B
$2.7B
$3.4B
$4.2B
$5.2B
$6.5B
$8.1B
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$1.1B
$1.2B
$1.4B
$1.6B
$1.9B
$2.1B
$2.5B
$2.8B
$3.3B
$3.7B
Terminal Value represents 74.7% of Enterprise Value