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Zoom Communications (ZM, Application Software) Stock Valuation & Fair Value Mixed on our tests

Zoom Communications (ZM, Application Software) trades at a blended P/E of 15.4, about 60% below its historical normal valuation, with a forward growth estimate of 4.8% and a PEG of 3.24. Analysts' one-year estimates have been hit 17% of the time. Priced at its historical normal P/E of 38.0 on the same blended earnings, the 2026-10-02 close of $92.88 corresponds to about $230 a share. This is a valuation reference, not a price target.

DATA AS OF 2026-10-05
Blended P/E
15.4
Normal P/E
38.0
PEG
3.24
Fwd growth
4.8%
Div yield
0.0%
RSI (14)
52.5
Neutral
Technical context
  • Price $94.67 at the 2026-10-08 close, 2.8% above the 20-day average ($92.05) and 2.9% below the 50-day ($97.50).
  • RSI (14) at 52.5.
  • 52-week range $72.72 to $111.88: the price is 15.4% below the high and 30.2% above the low.

The Street vs SeerForecast

Wall Street's mean price target for ZM is $118.24 across 25 analysts, 24.9% above the current price. The average analyst rating is Buy. Our SeerForecast read of the same stock, formed without analyst targets: mixed on our tests. When the two disagree, start your digging there.

Valuation flags

Verdict history

tickerseer's rating moved from weak on forward returns (2026-08-21) to mixed on our tests (2026-10-05).

Blended P/E and rating by weekBlended P/E moved from 17.9 to 15.4 between 2026-08-21 and 2026-10-02, against a normal P/E of 38.0, with 3 rating changes over 16 recorded weeks.2026-08-21: P/E 17.9, Weak on forward returns, recalculated for the week of 2026-08-212026-08-21: P/E 18.1, Weak on forward returns, recorded live 2026-08-242026-08-27: P/E 18.1, Weak on forward returns, recalculated for the week of 2026-08-272026-08-28: P/E 18.1, Weak on forward returns, recalculated for the week of 2026-08-282026-08-28: P/E 18.1, Weak on forward returns, recalculated for the week of 2026-08-302026-08-28: P/E 16.3, Mixed on our tests, recorded live 2026-08-312026-09-04: P/E 16.3, Mixed on our tests, recalculated for the week of 2026-09-052026-09-04: P/E 16.8, Weak on forward returns, recorded live 2026-09-072026-09-11: P/E 16.8, Weak on forward returns, recalculated for the week of 2026-09-122026-09-11: P/E 15.8, Mixed on our tests, recorded live 2026-09-142026-09-18: P/E 15.8, Mixed on our tests, recalculated for the week of 2026-09-192026-09-18: P/E 14.7, Mixed on our tests, recorded live 2026-09-212026-09-25: P/E 14.9, Mixed on our tests, recalculated for the week of 2026-09-262026-09-25: P/E 14.9, Mixed on our tests, recorded live 2026-09-282026-10-02: P/E 15.4, Mixed on our tests, recalculated for the week of 2026-10-032026-10-02: P/E 15.4, Mixed on our tests, recorded live 2026-10-0520.030.0Aug 21Aug 31Sep 11Sep 22Oct 2Normal P/E 38.0
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
2026-08-21P/E 17.9-53%Weak on forward returns (recalculated)
2026-08-24P/E 18.1-53%Weak on forward returns
2026-08-31P/E 16.3-57%Mixed on our tests
2026-09-07P/E 16.8-56%Weak on forward returns
2026-09-14P/E 15.8-58%Mixed on our tests
2026-09-21P/E 14.7-61%Mixed on our tests
2026-10-05P/E 15.4-60%Mixed on our tests ← now
Show all 16 weeks
WeekBlended P/EPremium to normal P/ERating
2026-08-21P/E 17.9-53%Weak on forward returns (recalculated)
2026-08-24P/E 18.1-53%Weak on forward returns
2026-08-27P/E 18.1-53%Weak on forward returns (recalculated)
2026-08-28P/E 18.1-53%Weak on forward returns (recalculated)
2026-08-30P/E 18.1-53%Weak on forward returns (recalculated)
2026-08-31P/E 16.3-57%Mixed on our tests
2026-09-05P/E 16.3-57%Mixed on our tests (recalculated)
2026-09-07P/E 16.8-56%Weak on forward returns
2026-09-12P/E 16.8-56%Weak on forward returns (recalculated)
2026-09-14P/E 15.8-58%Mixed on our tests
2026-09-19P/E 15.8-58%Mixed on our tests (recalculated)
2026-09-21P/E 14.7-61%Mixed on our tests
2026-09-26P/E 14.9-61%Mixed on our tests (recalculated)
2026-09-28P/E 14.9-61%Mixed on our tests
2026-10-03P/E 15.4-60%Mixed on our tests (recalculated)
2026-10-05P/E 15.4-60%Mixed on our tests ← now

Frequently asked questions

Is Zoom Communications stock overvalued?

At a blended P/E of 15.4 versus its historical normal P/E of 38.0, Zoom Communications trades about 60% below its typical valuation, with a PEG of 3.24 on 4.8% forward growth. tickerseer currently rates it mixed on our tests.

What is Zoom Communications's fair value and PEG?

Zoom Communications trades at a blended P/E of 15.4 against a historical normal P/E of 38.0, a PEG of 3.24, and a forward growth estimate of 4.8%. Priced at its historical normal P/E of 38.0 on the same blended earnings, the 2026-10-02 close of $92.88 corresponds to about $230 a share. This is a valuation reference, not a price target.

Has tickerseer's rating of Zoom Communications changed?

tickerseer's rating moved from weak on forward returns (2026-08-21) to mixed on our tests (2026-10-05).

What is the analyst price target for Zoom Communications?

The mean Wall Street price target for Zoom Communications is $118.24 across 25 analysts, 24.9% above the current price. tickerseer's SeerForecast verdict is formed independently of analyst targets.

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