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Zebra Technologies (ZBRA, Electronic Equipment & Instruments) Stock Valuation & Fair Value Weak on forward returns

Zebra Technologies (ZBRA, Electronic Equipment & Instruments) trades at a blended P/E of 19.0, about 7% below its historical normal valuation, with a forward growth estimate of 9.5% and a PEG of 2.00. Analysts' one-year estimates have been hit 18% of the time. Priced at its historical normal P/E of 20.3 on the same blended earnings, the 2026-10-02 close of $375.86 corresponds to about $402 a share. This is a valuation reference, not a price target.

DATA AS OF 2026-10-05
Blended P/E
19.0
Normal P/E
20.3
PEG
2.00
Fwd growth
9.5%
Div yield
0.0%
RSI (14)
64.6
Neutral
Technical context
  • Price $382.14 at the 2026-10-08 close, 4.7% above the 20-day average ($365.06) and 6.3% above the 50-day ($359.63).
  • RSI (14) at 64.6.
  • 52-week range $199.30 to $386.05: the price is 1.0% below the high and 91.7% above the low.

The Street vs SeerForecast

Wall Street's mean price target for ZBRA is $411.45 across 15 analysts, 7.7% above the current price. The average analyst rating is Buy. Our SeerForecast read of the same stock, formed without analyst targets: weak on forward returns. When the two disagree, start your digging there.

Valuation flags

Verdict history

tickerseer's rating moved from mixed on our tests (2026-06-03) to weak on forward returns (2026-10-05).

Blended P/E and rating by weekBlended P/E moved from 14.4 to 19.0 between 2026-06-03 and 2026-10-02, against a normal P/E of 20.3, with 5 rating changes over 37 recorded weeks.2026-06-03: P/E 14.4, Mixed on our tests, recalculated for the week of 2026-06-032026-06-10: P/E 13.7, Mixed on our tests, recalculated for the week of 2026-06-102026-06-12: P/E 13.7, Mixed on our tests, recalculated for the week of 2026-06-142026-06-16: P/E 13.7, Mixed on our tests, recalculated for the week of 2026-06-162026-06-18: P/E 13.7, Mixed on our tests, recalculated for the week of 2026-06-212026-07-02: P/E 15.6, Mixed on our tests, recalculated for the week of 2026-07-022026-07-06: P/E 15.5, Mixed on our tests, recalculated for the week of 2026-07-062026-07-09: P/E 15.5, Mixed on our tests, recalculated for the week of 2026-07-092026-07-10: P/E 15.8, Mixed on our tests, recalculated for the week of 2026-07-122026-07-13: P/E 15.8, Mixed on our tests, recalculated for the week of 2026-07-132026-07-14: P/E 15.8, Mixed on our tests, recalculated for the week of 2026-07-142026-07-20: P/E 15.4, Mixed on our tests, recalculated for the week of 2026-07-202026-07-22: P/E 15.4, Mixed on our tests, recalculated for the week of 2026-07-222026-07-24: P/E 14.9, Mixed on our tests, recalculated for the week of 2026-07-252026-07-27: P/E 14.9, Mixed on our tests, recalculated for the week of 2026-07-272026-07-31: P/E 16.6, Mixed on our tests, recalculated for the week of 2026-07-312026-07-31: P/E 16.9, Mixed on our tests, recorded live 2026-08-032026-08-07: P/E 19.2, Weak on forward returns, recalculated for the week of 2026-08-072026-08-07: P/E 19.8, Weak on forward returns, recorded live 2026-08-102026-08-14: P/E 19.9, Weak on forward returns, recalculated for the week of 2026-08-142026-08-14: P/E 19.7, Weak on forward returns, recorded live 2026-08-172026-08-21: P/E 18.8, Weak on forward returns, recalculated for the week of 2026-08-212026-08-21: P/E 19.2, Weak on forward returns, recorded live 2026-08-242026-08-27: P/E 19.2, Weak on forward returns, recalculated for the week of 2026-08-272026-08-28: P/E 18.7, Weak on forward returns, recalculated for the week of 2026-08-282026-08-28: P/E 18.5, Mixed on our tests, recalculated for the week of 2026-08-302026-08-28: P/E 18.5, Mixed on our tests, recorded live 2026-08-312026-09-04: P/E 18.7, Weak on forward returns, recalculated for the week of 2026-09-052026-09-04: P/E 18.7, Weak on forward returns, recorded live 2026-09-072026-09-11: P/E 18.0, Mixed on our tests, recalculated for the week of 2026-09-122026-09-11: P/E 18.0, Mixed on our tests, recorded live 2026-09-142026-09-18: P/E 17.7, Mixed on our tests, recalculated for the week of 2026-09-192026-09-18: P/E 17.7, Mixed on our tests, recorded live 2026-09-212026-09-25: P/E 18.8, Weak on forward returns, recalculated for the week of 2026-09-262026-09-25: P/E 18.8, Weak on forward returns, recorded live 2026-09-282026-10-02: P/E 19.0, Weak on forward returns, recalculated for the week of 2026-10-032026-10-02: P/E 19.0, Weak on forward returns, recorded live 2026-10-0514.016.018.020.0Jun 3Jul 3Aug 2Sep 2Oct 2Normal P/E 20.3
Mixed on our testsWeak on forward returns

Not every point was recorded live. Points marked recalculated apply today's valuation rules to the metrics tickerseer archived that week.

Selected weeks: the first, the latest, every week the rating moved, and the cheapest and dearest.

WeekBlended P/EPremium to normal P/ERating
2026-06-03P/E 14.4-29%Mixed on our tests (recalculated)
2026-06-10P/E 13.7-33%Mixed on our tests (recalculated)
2026-08-07P/E 19.2-6%Weak on forward returns (recalculated)
2026-08-14P/E 19.9-2%Weak on forward returns (recalculated)
2026-08-30P/E 18.5-9%Mixed on our tests (recalculated)
2026-09-05P/E 18.7-8%Weak on forward returns (recalculated)
2026-09-12P/E 18.0-12%Mixed on our tests (recalculated)
2026-09-26P/E 18.8-8%Weak on forward returns (recalculated)
2026-10-05P/E 19.0-7%Weak on forward returns ← now
Show all 37 weeks
WeekBlended P/EPremium to normal P/ERating
2026-06-03P/E 14.4-29%Mixed on our tests (recalculated)
2026-06-10P/E 13.7-33%Mixed on our tests (recalculated)
2026-06-14P/E 13.7-33%Mixed on our tests (recalculated)
2026-06-16P/E 13.7-33%Mixed on our tests (recalculated)
2026-06-21P/E 13.7-33%Mixed on our tests (recalculated)
2026-07-02P/E 15.6-23%Mixed on our tests (recalculated)
2026-07-06P/E 15.5-24%Mixed on our tests (recalculated)
2026-07-09P/E 15.5-24%Mixed on our tests (recalculated)
2026-07-12P/E 15.8-22%Mixed on our tests (recalculated)
2026-07-13P/E 15.8-22%Mixed on our tests (recalculated)
2026-07-14P/E 15.8-22%Mixed on our tests (recalculated)
2026-07-20P/E 15.4-24%Mixed on our tests (recalculated)
2026-07-22P/E 15.4-24%Mixed on our tests (recalculated)
2026-07-25P/E 14.9-26%Mixed on our tests (recalculated)
2026-07-27P/E 14.9-26%Mixed on our tests (recalculated)
2026-07-31P/E 16.6-18%Mixed on our tests (recalculated)
2026-08-03P/E 16.9-17%Mixed on our tests
2026-08-07P/E 19.2-6%Weak on forward returns (recalculated)
2026-08-10P/E 19.8-2%Weak on forward returns
2026-08-14P/E 19.9-2%Weak on forward returns (recalculated)
2026-08-17P/E 19.7-3%Weak on forward returns
2026-08-21P/E 18.8-7%Weak on forward returns (recalculated)
2026-08-24P/E 19.2-5%Weak on forward returns
2026-08-27P/E 19.2-5%Weak on forward returns (recalculated)
2026-08-28P/E 18.7-8%Weak on forward returns (recalculated)
2026-08-30P/E 18.5-9%Mixed on our tests (recalculated)
2026-08-31P/E 18.5-9%Mixed on our tests
2026-09-05P/E 18.7-8%Weak on forward returns (recalculated)
2026-09-07P/E 18.7-8%Weak on forward returns
2026-09-12P/E 18.0-12%Mixed on our tests (recalculated)
2026-09-14P/E 18.0-12%Mixed on our tests
2026-09-19P/E 17.7-13%Mixed on our tests (recalculated)
2026-09-21P/E 17.7-13%Mixed on our tests
2026-09-26P/E 18.8-8%Weak on forward returns (recalculated)
2026-09-28P/E 18.8-8%Weak on forward returns
2026-10-03P/E 19.0-7%Weak on forward returns (recalculated)
2026-10-05P/E 19.0-7%Weak on forward returns ← now

Frequently asked questions

Is Zebra Technologies stock overvalued?

At a blended P/E of 19.0 versus its historical normal P/E of 20.3, Zebra Technologies trades about 7% below its typical valuation, with a PEG of 2.00 on 9.5% forward growth. tickerseer currently rates it weak on forward returns.

What is Zebra Technologies's fair value and PEG?

Zebra Technologies trades at a blended P/E of 19.0 against a historical normal P/E of 20.3, a PEG of 2.00, and a forward growth estimate of 9.5%. Priced at its historical normal P/E of 20.3 on the same blended earnings, the 2026-10-02 close of $375.86 corresponds to about $402 a share. This is a valuation reference, not a price target.

Has tickerseer's rating of Zebra Technologies changed?

tickerseer's rating moved from mixed on our tests (2026-06-03) to weak on forward returns (2026-10-05).

What is the analyst price target for Zebra Technologies?

The mean Wall Street price target for Zebra Technologies is $411.45 across 15 analysts, 7.7% above the current price. tickerseer's SeerForecast verdict is formed independently of analyst targets.

Industry: Electronic Equipment & Instruments. Create a free account to see the full analysis: the SeerAI score, its five quality sub-scores, valuation history, and the AI research note. Options setups and metric history are part of the paid plans.

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