Zee Entertainment Enterprises Limited (ZEEL) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Zee Entertainment Enterprises Limited ₹74.04, price ₹71.92, upside +3.0%, quality 54 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 1, 2026.
How to read this chart
60‑month range ₹68.39 – ₹356.58 · fair‑value band ₹60.15 – ₹74.04 · the ₹71.92 price screens below the ₹74.04 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 1, 2026.
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Zee Entertainment Enterprises Limited, together with its subsidiaries, engages in broadcasting satellite television channels and digital media in India and internationally.
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Zee Entertainment Enterprises Limited, together with its subsidiaries, engages in broadcasting satellite television channels and digital media in India and internationally. The company broadcasts Hindi general entertainment channels, such as Zee TV, Zee TV HD, &tv, &tv HD, Zing, BIG Magic, and Zee Anmol; Hindi movie channels comprising Zee Anmol Cinema, Zee Cinema, Zee Action, Zee Classic, &pictures, and Zee Bollywood, as well as Zee Cinema HD, &xplor HD, and &pictures HD; and regional entertainment channels, including Zee Marathi, Zee Yuva, Zee Bangla, Zee Tamil, Zee Telegu, Zee Kannada, Zee Sarthak, Zee Ganga, Zee Talkies, Zee Bangla Cinema, Zee Bioskop, Zee Marathi HD, Zee Talkies HD, Zee Telugu HD, and Zee Bangla HD. It also broadcasts Zee Café, Zee Café HD, &privé HD, Zee Studio, &flix, &flix HD, Zeezest, Zeezest HD, Zee TV Canada, Zee TV Caribbean, Zee Magic, Zee World, Zee One, and Zee Bollymovies. In addition, it produces and distributes movies through Zee Studios and Zee Plex; publishes music through Zee Music CO; operates Zee5 OTT platform; act as a space selling agent for other satellite television channels; and sells media content, which include programs/film rights/feeds/music rights. The company was formerly known as Zee Telefilms Limited and changed its name to Zee Entertainment Enterprises Limited in January 2007. Zee Entertainment Enterprises Limited was incorporated in 1982 and is based in Mumbai, India.
Stock analysis
Zee Entertainment Enterprises Limited (ZEEL) currently trades at ₹71.92, while our model-based Fair Value estimate is ₹74.04, so the stock looks roughly fairly valued today (gap 2.9%).
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Valuation
Bull case: the Asset-Based group reads highest at a median of ₹81.82 per share, and 8 of the 26 models we run sit above the ₹71.92 price.
Bear case: the Earnings-Based group reads lowest at ₹15.99, and 18 of the 26 models stay below the price. Evidence for this calculation is low.
Scenario range: ₹60.15 (bear) to ₹74.04 (bull), the price of ₹71.92 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 54/100 (solid quality), in the Communication Services sector.
Weak Growth: Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.
Zee Entertainment Enterprises Limited reported revenue of ₹81.0B in FY2026 versus ₹81.8B in FY2022, a compound −0.3%/yr. Reported net income was ₹2.7B in FY2026, compounding −27.2%/yr from FY2022.
Key figures
Market cap ₹69.2B (≈ $718M) · P/E ratio 34.2 · P/S ratio 1.15 · EPS (TTM) ₹2.10 · Dividend yield 2.8% · Net margin 3.3% · Return on equity 2.3% · Return on assets (EBIT) 5.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat.
The share trades about 38% below its 52-week high and 5% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Communication Services peers we cover trades at 25% fair-value upside, at 3%, ZEEL screens richer than that median.
Fair Value models
Bear ₹60.15Fair Value ₹74.04Bull ₹74.04
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹0.0510 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.Evidence ⓘEvidence = 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.
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.40/100
Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.
Revenue growth 1 year
−2.4%
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.
+0.0%
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.
+0.9%
Start year 2021 (pandemic). Over 10 years: +3.3% a year
Revenue growth 22 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.
+8.8%
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What shareholders gained per year (last 5 years), in INR (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−8.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year−11.0%
Dividend (yield on the price)2.8%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−19.5% vs −12.5%, slowing
Profit margin 2021 to 2026 ⓘ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.19% → 2%
2026 sits 92% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Start year 2021 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less 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).
−6.2%
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.
+4.1%
Yearly sales growth analysts expect, extended to five years.
After inflation (India: IMF forecast 4.1% a year to 2030, 4.7% from 2016 to 2025) that is about −9.9% a year for the price and −0.1% for the forecasts.
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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.Broadcasting · 63 stocks
Beats the industry median on 6/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score54 · Above median
Fair Value upside+2.9% · Below median
Profitability
Return on equity (TTM)2.3% · Above median
Return on assets0.6% · Below median
Net margin (TTM)2.5% · Above median
Operating margin (TTM)1.9% · Below median
Growth and dividend
Revenue growth4.5% · Above median
Dividend yield (TTM)2.8% · Below median
Balance sheet
Debt / equity0.02× · Below median
Valuation Multiplesvs Broadcasting 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). "Zee Entertainment Enterprises Limited Fair Value". https://www.fairvalue-calculator.com/stock/ZEEL
Frequently asked questions
Is Zee Entertainment Enterprises Limited (ZEEL) overvalued or undervalued?
As of Oct 1, 2026, our model estimates a fair value of ₹74.04 versus a price of ₹71.92, about +3% upside (fairly valued).
What is the fair value of ZEEL?
Our model-based fair value for Zee Entertainment Enterprises Limited is ₹74.04 (as of Oct 1, 2026), built from audited fundamentals. The current price: ₹71.92.
What is the quality score of ZEEL?
Zee Entertainment Enterprises Limited has a Quality Score of 54/100. 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 Zee Entertainment Enterprises Limited (ZEEL)?
Our model-based price target is the fair value of ₹74.04 (as of Oct 1, 2026) from 26 valuation models. Cautious scenario ₹60.15, optimistic scenario ₹74.04. It is a calculation from audited fundamentals, not an analyst target.
What is the Zee Entertainment Enterprises Limited stock forecast for 2026?
Our models put fair value at ₹74.04, about +3% upside versus a price of ₹71.92 (fairly valued). Cautious scenario ₹60.15, optimistic scenario ₹74.04. The calculation is refreshed regularly with new filings.
What is the revenue of Zee Entertainment Enterprises Limited (ZEEL)?
Zee Entertainment Enterprises Limited reported trailing-twelve-month revenue of about ₹81.8B (latest available figure, as of Oct 1, 2026).
Does Zee Entertainment Enterprises Limited pay a dividend?
Zee Entertainment Enterprises Limited currently shows a dividend yield of about 2.78% relative to its recent price (as of Oct 1, 2026).
What growth is priced into Zee Entertainment Enterprises Limited (ZEEL)?
For today's price to be fair in a discounted-cash-flow model, Zee Entertainment Enterprises Limited would have to grow free cash flow by -6.2 % per year for five years (discount rate 12.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +0.9 % per year. As of Oct 1, 2026.
What discount rate (WACC) does the fair value of ZEEL use?
Our models discount Zee Entertainment Enterprises Limited at 12.4 %: a base by market capitalisation (small), damped by beta 0.42, country premium for India. 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 Zee Entertainment Enterprises Limited that is -6.2 % per year a year over ten years, using the same discount rate (12.4 %) and the same formula as our fair value.
How much growth has Zee Entertainment Enterprises Limited (ZEEL) delivered so far?
Over the past 5 years revenue at Zee Entertainment Enterprises Limited grew +0.9 % a year. The price currently implies -6.2 % per year free-cash-flow growth a 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 Zee Entertainment Enterprises Limited (ZEEL) growing?
The median revenue growth in the sector is +2.9 % a year. That is the yardstick for the growth priced into Zee Entertainment Enterprises Limited (-6.2 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Zee Entertainment Enterprises Limited (ZEEL)?
The free-cash-flow yield on the price is 8.74 %: that much free cash flow Zee Entertainment Enterprises Limited produces per unit of market value. When it exceeds the discount rate of our models (12.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Zee Entertainment Enterprises Limited (ZEEL)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Zee Entertainment Enterprises Limited it is ₹74.04 per share (as of Oct 1, 2026), against a price of ₹71.92. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Zee Entertainment Enterprises Limited stock overvalued or undervalued in 2026?
As of Oct 1, 2026, ZEEL trades below its calculated fair value: price ₹71.92, fair value ₹74.04, a gap of about +3% (fairly valued). 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 ZEEL?
No. The price is what the market pays today (₹71.92); the fair value is what the company's own numbers justify (₹74.04). For Zee Entertainment Enterprises Limited the two are ₹2.12 per share apart. That gap is exactly why we show both numbers side by side.
How much is Zee Entertainment Enterprises Limited worth?
The market values Zee Entertainment Enterprises Limited at about ₹69.2B (market capitalisation, as of Oct 1, 2026). Per share that is ₹71.92; our models calculate a fair value of ₹74.04 per share.
What do the bullish and bearish scenarios say about ZEEL?
Our models span a range for Zee Entertainment Enterprises Limited: cautious scenario ₹60.15, base ₹74.04, optimistic ₹74.04 per share (as of Oct 1, 2026, price ₹71.92). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ZEEL?
Zee Entertainment Enterprises Limited trades at a price-to-earnings ratio of 34.2 (as of Oct 1, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹74.04 is built from several models across several years. Other multiples: P/B 0.6, P/S 0.8, EV/EBITDA 23.1.
How solid is the balance sheet of Zee Entertainment Enterprises Limited (ZEEL)?
Balance-sheet figures for Zee Entertainment Enterprises Limited (as of Oct 1, 2026): return on equity 2.3%, debt of 0.02 per unit of equity. They feed the Quality Score of 54/100, which measures business quality independently of the share price.
How far is ZEEL from its 52-week high?
Zee Entertainment Enterprises Limited trades at ₹71.92, about 38% below its 52-week high of ₹115.75 and 5% above the low of ₹68.39 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹74.04 is for.
Which stocks are comparable to Zee Entertainment Enterprises Limited?
From the same area (Communication Services) we also value Nexstar Media Group, Sun TV Network Limited, Jiangsu Broadcasting Cable Information Network Corporation, SES 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 Zee Entertainment Enterprises Limited stock attractive at the current price?
The data as of Oct 1, 2026: price ₹71.92, calculated fair value ₹74.04 (+3%), Quality Score 54/100, from 26 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 ZEEL calculated?
We run Zee Entertainment Enterprises Limited through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹74.04, 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 14.5 % above its aggregate fair value. Zee Entertainment Enterprises Limited currently trades 3 % below its own fair value, and the market average says nothing about that. 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 Zee Entertainment Enterprises Limited (ZEEL)?
The closing price on Oct 1, 2026 was ₹71.92. Our model-based fair value is ₹74.04, about +3% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Zee Entertainment Enterprises Limited right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Where does the earnings growth of Zee Entertainment Enterprises Limited (ZEEL) come from?
Earnings per share at Zee Entertainment Enterprises Limited grew −14.0 % a year from 2015 to 2026. Broken into its drivers: revenue per share +4.3 %, EBIT margin −14.1 %, tax rate +0.0 %, residual (interest, one-offs) −4.0 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Zee Entertainment Enterprises Limited
How large is the market capitalisation of Zee Entertainment Enterprises Limited (ZEEL)?
The market capitalisation of Zee Entertainment Enterprises Limited is ₹69.2B (≈ $718M). 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 Zee Entertainment Enterprises Limited (ZEEL)?
The price-to-sales ratio of Zee Entertainment Enterprises Limited is 1.15 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Zee Entertainment Enterprises Limited (ZEEL)?
Earnings per share at Zee Entertainment Enterprises Limited are ₹2.10 (price ÷ EPS = P/E 34.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Zee Entertainment Enterprises Limited (ZEEL)?
The dividend yield of Zee Entertainment Enterprises Limited is 2.8% (payout 95.2%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Zee Entertainment Enterprises Limited (ZEEL)?
The net margin of Zee Entertainment Enterprises Limited is 3.3% (fiscal year 2026). 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 Zee Entertainment Enterprises Limited (ZEEL)?
The return on equity (ROE) of Zee Entertainment Enterprises Limited is 2.3% (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 Zee Entertainment Enterprises Limited (ZEEL)?
On an EBIT basis the return on assets of Zee Entertainment Enterprises Limited is 5.9% (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 Zee Entertainment Enterprises Limited (ZEEL)?
The operating margin of Zee Entertainment Enterprises Limited is 1.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Zee Entertainment Enterprises Limited (ZEEL)?
Revenue at Zee Entertainment Enterprises Limited is growing +4.5% versus a year earlier (3y avg +0.0%). 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 Zee Entertainment Enterprises Limited (ZEEL)?
Earnings per share at Zee Entertainment Enterprises Limited are growing −47.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Zee Entertainment Enterprises Limited (ZEEL) hold?
Zee Entertainment Enterprises Limited holds more cash than debt, ₹12.3B net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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