Zillow Group Inc Class C (Z) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Zillow Group Inc Class C stock $19.57, price $29.55, that is 33.8% below the price, quality 67 out of 100. Rating: overvalued. Calculated from audited financials with 13 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
60‑month range $26.97 – $103.63 · fair‑value band $11.84 – $33.48 · the $29.55 price screens above the $19.57 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 3 fiscal years are left out: there the valuation rested on only a fraction of the usual models. As of Nov 6, 2026.
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Zillow Group operates a real estate application and website that connects consumers with technology, agents and loan officers, and digital solutions in the United States. The company operates through four categories: Residential, Mortgages, Rentals, and Other.
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The Residential segment includes agent and software, as well as new construction marketing solutions and StreetEasy for sale products.
This segment also offers advertising and marketing solutions for real estate agents, premier agent, SaaS customer relationship management, real estate transaction management, appointment center, and enhanced listing services.
The Rentals segment includes advertising and a suite of tools for property managers, landlords, and other rental professionals, as well as rental applications.
The Mortgages segment provides mortgage originations through Zillow Home Loans and advertising to mortgage lenders and other mortgage professionals; and title and escrow services. The company also generates revenue from display advertising.
It also offers a brand portfolio including Zillow, Zillow Premier Agent, Zillow Rentals, Zillow New Construction, Trulia, StreetEasy, Out East, HotPads, Follow Up Boss, ShowingTime, dotloop and Zillow Closing; and a suite of marketing software and technology solutions for the real estate industry.
Zillow Group, Inc. was founded in 2004 and is headquartered in Seattle, Washington.
Stock analysis
Zillow Group Inc Class C (Z) currently trades at $29.55, while our model-based Fair Value estimate is $19.57, 34% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of $22.50 per share, and 0 of the 13 models we run sit above the $29.55 price.
Bear case: the Asset-Based group reads lowest at $5.80, and 13 of the 13 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $11.84 (bear) to $33.48 (bull), the price of $29.55 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 67/100 (solid quality), in the Communication Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Zillow Group Inc Class C reported revenue of $2.6B in FY2025 versus $2.1B in FY2021, a compound +4.9%/yr. Reported net income was $23.0M in FY2025.
Key figures
Market cap $6.7B Mid · P/E ratio 131.7 · P/S ratio 2.40 · EPS (TTM) $0.2300 · Net margin 2.0% · Return on equity 1.2% · Return on assets (EBIT) −1.4% (5-year average) · Operating margin 4.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 30 out of 100 (low confidence).
What moves the price
The share trades about 61% below its 52-week high and 9% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Communication Services peers we cover trades at 11% fair-value upside, at −34%, Z screens richer than that median.
Fair Value models
Bear$11.84Fair Value $19.57Bull$33.48
Price $29.55 · Downside -33.8%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then ($0.1966 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
In the last 6 months, 10 officers or directors sold shares worth $2.9M and none bought.
SaleThielke Claire CormierDirector4× since Dec 3, 2025: 2,857 shares, avg. $38.33$109,510Sep 3, 202610b5-1 plan
SaleErik C BlachfordDirector4× since Dec 3, 2025: 3,514 shares, avg. $47.57$167,174Sep 3, 202610b5-1 plan
SaleJeremy WacksmanChief Executive Officer, Director5× since Nov 12, 2025: 67,039 shares, avg. $47.56$3.2MAug 17, 2026
SaleJeremy HofmannCOO & CFO5× since Nov 12, 2025: 45,002 shares, avg. $48.44$2.2MAug 17, 2026
SaleDan SpauldingChief People Officer4× since Nov 12, 2025: 28,805 shares, avg. $49.67$1.4MAug 14, 2026
SaleErrol G SamuelsonChief Industry Dev. Officer5× since Nov 12, 2025: 25,483 shares, avg. $50.33$1.3MAug 13, 2026
SaleJennifer RockChief Accounting Officer4× since Nov 10, 2025: 10,189 shares, avg. $59.18$603,002Aug 13, 2026
SaleDavid A. BeitelChief Technology Officer4× since Nov 12, 2025: 11,536 shares, avg. $50.72$585,084Aug 13, 2026
SaleBradley D. OwensGeneral Counsel5× since Nov 12, 2025: 23,648 shares, avg. $47.27$1.1MMay 15, 2026
SaleJun ChooChief Operating Officer3× since Nov 12, 2025: 6,430 shares, avg. $56.17$361,157May 14, 2026
Plus 2 more entries from the last 12 months.
Plus 2 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.80/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+15.5%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+9.7%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+9.7%
Start year 2020 (pandemic). Over 10 years: +14.9% a year
Revenue growth 19 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+40.0%
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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
9.9% (2020) → −1.2% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: no profitable base year
not computed
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+22.0%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+10.8%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +19.2% a year for the price and +8.2% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (97 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Neutral
Recent news coverage is roughly neutral, about typical for how stocks are covered.
AI conclusion: The platform shows resilience from growth in rentals and mortgages plus a shift to a higher-revenue agent model, yet remains constrained by weak profitability and a limited moat.
Main risk: Personal AI search agents might access primary data directly and reduce traffic to aggregator platforms like Zillow, hitting its lead generation and advertising revenue.
Bull case: Zillow could integrate agentic AI into its platform and leverage proprietary transaction data to become the preferred workflow hub that captures value even as discovery fragments.
Bear case: If direct channels and AI agents gain traction, Zillow's core marketplace could see sharply lower engagement and revenue per connection as agents and consumers bypass it for listings and matches.
Zillow's platform shows resilience through strong growth in rentals and its mortgage business despite a sharp drop in pending home sales. The ongoing shift to its Preferred monetization model for agents promises higher revenue per connection. Will diversification into these areas more than compensate for the pressures in the core for-sale market?
Compare Zillow Group Inc Class C with another stock
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Internet Content & Information · 122 stocks
Beats the industry median on 4/14 measures
Overall it trails its industry peers.
Valuation
Quality Score67 · Above median
Fair Value upside−33.8% · Below median
Profitability
Return on equity (12 months)1.2% · Below median
Return on assets0.4% · Below median
Net margin (12 months)2.0% · Below median
Operating margin (12 months)4.7% · Below median
Growth and dividend
Revenue growth (quarter YoY)17.9% · Above median
Balance sheet
Debt / equity0.21× · Above median
Valuation Multiplesvs Internet Content & Information median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Zillow Group Inc Class C Fair Value". https://www.fairvalue-calculator.com/stock/Z
Frequently asked questions
Is Zillow Group Inc Class C (Z) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of $19.57 versus a price of $29.55, about 34% lower (overvalued).
What is the fair value of Z?
Our model-based fair value for Zillow Group Inc Class C is $19.57 (as of Nov 6, 2026), built from audited fundamentals. The current price: $29.55.
What is the quality score of Z?
Zillow Group Inc Class C has a Quality Score of 67/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Zillow Group Inc Class C (Z)?
Our model-based price target is the fair value of $19.57 (as of Nov 6, 2026) from 13 valuation models. Cautious scenario $11.84, optimistic scenario $33.48. It is a calculation from audited fundamentals, not an analyst target.
What is the Zillow Group Inc Class C stock forecast for 2026?
Our models put fair value at $19.57, about 34% lower versus a price of $29.55 (overvalued). Cautious scenario $11.84, optimistic scenario $33.48. The calculation is refreshed regularly with new filings.
What is the revenue of Zillow Group Inc Class C (Z)?
Zillow Group Inc Class C reported trailing-twelve-month revenue of about $2.8B (latest available figure, as of Nov 6, 2026).
What growth is priced into Zillow Group Inc Class C (Z)?
For today's price to be fair in a discounted-cash-flow model, Zillow Group Inc Class C would have to grow free cash flow by +22.0 % per year for five years (discount rate 11.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +9.7 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of Z use?
Our models discount Zillow Group Inc Class C at 11.9 %: a base by market capitalisation (mid), damped by beta 1.88, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Zillow Group Inc Class C that is +22.0 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.9 %) and the same formula as our fair value.
How much growth has Zillow Group Inc Class C (Z) delivered so far?
Over the past 5 years revenue at Zillow Group Inc Class C grew +9.7 % a year. The price currently implies free-cash-flow growth of +22.0 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Zillow Group Inc Class C (Z) growing?
The median revenue growth in the sector is +2.7 % a year. That is the yardstick for the growth priced into Zillow Group Inc Class C (+22.0 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Zillow Group Inc Class C (Z)?
The free-cash-flow yield on the price is 3.49 %: that much free cash flow Zillow Group Inc Class C produces per unit of market value. When it exceeds the discount rate of our models (11.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Zillow Group Inc Class C (Z)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Zillow Group Inc Class C it is $19.57 per share (as of Nov 6, 2026), against a price of $29.55. It is the blended result of 13 valuation models in 5 families (DCF Models, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is Zillow Group Inc Class C stock overvalued or undervalued in 2026?
As of Nov 6, 2026, Z trades above its calculated fair value: price $29.55, fair value $19.57, a gap of about −34% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of Z?
No. The price is what the market pays today ($29.55); the fair value is what the company's own numbers justify ($19.57). For Zillow Group Inc Class C the two are $9.98 per share apart. That gap is exactly why we show both numbers side by side.
How much is Zillow Group Inc Class C worth?
The market values Zillow Group Inc Class C at about $6.7B (market capitalisation, as of Nov 6, 2026). Per share that is $29.55; our models calculate a fair value of $19.57 per share.
What do the bullish and bearish scenarios say about Z?
Our models span a range for Zillow Group Inc Class C: cautious scenario $11.84, base $19.57, optimistic $33.48 per share (as of Nov 6, 2026, price $29.55). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of Z?
Zillow Group Inc Class C trades at a price-to-earnings ratio of 131.7 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $19.57 is built from several models across several years. Other multiples: PEG 0.9, P/B 1.4, P/S 2.4, EV/EBITDA 39.8.
What is the PEG ratio of Z?
The PEG ratio of Zillow Group Inc Class C is 0.93 (P/E divided by earnings growth, as of Nov 6, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Zillow Group Inc Class C (Z)?
Balance-sheet figures for Zillow Group Inc Class C (as of Nov 6, 2026): return on equity 1.2%, debt of 0.21 per unit of equity. They feed the Quality Score of 67/100, which measures business quality independently of the share price.
How far is Z from its 52-week high?
Zillow Group Inc Class C trades at $29.55, about 61% below its 52-week high of $76.01 and 9% above the low of $27.13 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $19.57 is for.
Which stocks are comparable to Zillow Group Inc Class C?
From the same area (Communication Services) we also value Alphabet Inc, Meta Platforms, Inc, Tencent Holdings, Spotify Technology S.A, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Zillow Group Inc Class C stock attractive at the current price?
The data as of Nov 6, 2026: price $29.55, calculated fair value $19.57 (−34%), Quality Score 67/100, from 13 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of Z calculated?
We run Zillow Group Inc Class C through 13 models from 5 families: DCF Models, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of $19.57 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Zillow Group Inc Class C itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Zillow Group Inc Class C (Z)?
The closing price on Nov 6, 2026 was $29.55. Our model-based fair value is $19.57, about 34% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Zillow Group Inc Class C right now?
The model range is unusually wide ($11.84 to $33.48). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid but not exceptional quality (67/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Zillow Group Inc Class C
How large is the market capitalisation of Zillow Group Inc Class C (Z)?
The market capitalisation of Zillow Group Inc Class C is $6.7B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Zillow Group Inc Class C (Z)?
The price-to-sales ratio of Zillow Group Inc Class C is 2.40 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Zillow Group Inc Class C (Z)?
Earnings per share at Zillow Group Inc Class C are $0.2300 (price ÷ EPS = P/E 131.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Zillow Group Inc Class C (Z)?
The net margin of Zillow Group Inc Class C is 2.0% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Zillow Group Inc Class C (Z)?
The return on equity (ROE) of Zillow Group Inc Class C is 1.2% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Zillow Group Inc Class C (Z)?
On an EBIT basis the return on assets of Zillow Group Inc Class C is −1.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Zillow Group Inc Class C (Z)?
The operating margin of Zillow Group Inc Class C is 4.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Zillow Group Inc Class C (Z)?
Revenue at Zillow Group Inc Class C is growing +17.9% versus a year earlier (3y avg +9.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Zillow Group Inc Class C (Z)?
Earnings per share at Zillow Group Inc Class C are growing +533% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Zillow Group Inc Class C (Z) hold?
Zillow Group Inc Class C holds more cash than debt, $237M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Nov 6, 2026