Ziff Davis Inc (ZD) Key Metrics
ZD valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $1.96B
- Enterprise value
- $1.19B
- P/E (TTM)
- — 10-yr median 24.7
- Forward P/E
- 9.8
- PEG ratio
- 1.52
- Price / sales
- 1.4 10-yr median 2.8
- Price / book
- 0.9 10-yr median 2.8
- EV / EBITDA
- 4.6 10-yr median 9.5
- Dividend yield
- —
- Beta
- 1.04
ZD key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsZD valuation Price multiples at each fiscal year-end price.
ZD returns How much profit the business earns on the capital it uses.
ZD per-share figures Results divided by the shares outstanding at year-end.
ZD financial health Debt, liquidity and how easily interest is covered.
ZD efficiency & capital use Working capital cycle and where the cash goes.
ZD valuation history
ZD returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
ZD debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
ZD cash returned to shareholders
ZD price vs earnings per share
ZD key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $1.44B | $2.42B | $3.12B | $3.72B | $5.31B | $4.00B | $3.99B | $2.95B | $3.17B | $3.41B |
| Enterprise value | $1.73B | $2.81B | $3.36B | $4.01B | $5.55B | $5.51B | $5.00B | $3.77B | $3.83B | $4.07B |
| P/E ratio | 30.5 | 38.4 | 75.2 | 58.3 | 10.7 | 26.6 | 18.3 | 22.9 | 22.8 | 22.4 |
| Price / sales | 1.0 | 1.7 | 2.3 | 2.7 | 3.7 | 3.5 | 2.9 | 2.4 | 2.8 | 3.9 |
| Price / book | 0.8 | 1.3 | 1.6 | 2.0 | 2.7 | 3.3 | 3.0 | 2.8 | 3.1 | 3.7 |
| Price / free cash flow | 5.0 | 8.5 | 14.8 | 16.2 | 13.2 | 10.4 | 11.7 | 8.6 | 14.3 | 13.5 |
| Price / operating cash flow | 3.5 | 6.2 | 9.8 | 11.1 | 10.3 | 8.3 | 9.7 | 7.4 | 12.0 | 12.1 |
| EV / sales | 1.2 | 2.0 | 2.5 | 2.9 | 3.9 | 4.8 | 3.6 | 3.1 | 3.4 | 4.7 |
| EV / EBITDA | 5.3 | 8.8 | 10.1 | 10.1 | 8.1 | 15.2 | 15.9 | 8.8 | 8.9 | 10.8 |
| EV / free cash flow | 6.0 | 9.9 | 15.9 | 17.4 | 13.8 | 14.3 | 14.6 | 10.9 | 17.2 | 16.1 |
| Earnings yield | 3.3% | 2.6% | 1.3% | 1.7% | 9.4% | 3.8% | 5.5% | 4.4% | 4.4% | 4.5% |
| Free cash flow yield | 19.9% | 11.7% | 6.8% | 6.2% | 7.6% | 9.6% | 8.6% | 11.7% | 7.0% | 7.4% |
| Dividend yield | — | — | — | — | 174.0% | 0.0% | 1.1% | 2.8% | 2.3% | 1.9% |
| Shareholder yield (dividends + buybacks) | 12.0% | 7.7% | 3.5% | 2.1% | 175.5% | 6.9% | 1.6% | 4.4% | 2.6% | 3.6% |
| Share price at fiscal year-end | $35.15 | $54.34 | $67.19 | $79.10 | $110.86 | $84.91 | $81.45 | $60.31 | $65.22 | $71.10 |
| Per share | ||||||||||
| Revenue per share | $35.31 | $31.48 | $29.36 | $29.58 | $29.60 | $24.59 | $27.99 | $24.68 | $22.97 | $18.23 |
| Earnings per share | $1.15 | $1.42 | $0.89 | $1.36 | $10.38 | $3.20 | $4.46 | $2.63 | $2.86 | $3.18 |
| Operating cash flow per share | $9.90 | $8.77 | $6.89 | $7.15 | $10.77 | $10.19 | $8.41 | $8.20 | $5.43 | $5.89 |
| Free cash flow per share | $7.00 | $6.37 | $4.55 | $4.90 | $8.39 | $8.16 | $6.97 | $7.04 | $4.57 | $5.28 |
| Cash per share | $14.77 | $11.36 | $16.46 | $15.12 | $19.31 | $3.76 | $11.74 | $4.28 | $7.21 | $2.59 |
| Book value per share | $42.67 | $40.68 | $40.74 | $40.25 | $41.11 | $25.70 | $26.75 | $21.17 | $20.96 | $19.07 |
| Tangible book value per share | −$4.82 | $3.89 | $6.77 | −$3.44 | −$2.85 | −$21.45 | −$17.92 | −$17.80 | −$13.60 | −$15.01 |
| Dividends per share | — | — | — | — | $192.88 | $0.03 | $0.89 | $1.67 | $1.51 | $1.37 |
| Capex per share | $2.90 | $2.40 | $2.34 | $2.26 | $2.38 | $2.03 | $1.44 | $1.17 | $0.86 | $0.61 |
| Debt per share | $21.70 | $20.10 | $21.55 | $21.24 | $24.48 | $35.70 | $32.22 | $20.97 | $20.59 | $16.28 |
| Shares outstanding | 41.1M | 44.5M | 46.5M | 47.0M | 47.9M | 47.1M | 49.0M | 48.9M | 48.7M | 48.0M |
| Change in shares outstanding | −7.7% | −4.2% | −1.2% | −1.7% | +1.6% | −3.9% | +0.2% | +0.5% | +1.5% | −0.3% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 2.7% | 3.4% | 2.2% | 3.3% | 31.3% | 11.9% | 18.6% | 12.5% | 14.4% | 16.9% |
| Return on invested capital (ROIC) | 6.3% | 3.2% | 3.9% | 4.8% | 6.8% | 2.7% | 13.3% | 10.4% | 10.6% | 12.8% |
| Return on assets (ROA) | 1.3% | 1.8% | 1.2% | 1.7% | 13.4% | 4.2% | 7.2% | 5.1% | 6.2% | 7.9% |
| Return on tangible assets | 2.8% | 3.1% | 2.2% | 4.3% | 29.8% | 10.4% | 16.6% | 19.7% | 18.1% | 35.6% |
| Free cash flow margin | 19.8% | 20.2% | 15.5% | 16.6% | 28.4% | 33.2% | 24.9% | 28.5% | 19.9% | 29.0% |
| Income quality (OCF / net income) | 8.60 | 6.19 | 7.71 | 5.28 | 1.04 | 3.19 | 1.89 | 3.12 | 1.90 | 1.85 |
| Financial health | ||||||||||
| Total debt | $891.7M | $894.7M | $1.00B | $999.1M | $1.17B | $1.68B | $1.58B | $1.03B | $1.00B | $780.6M |
| Cash & short-term investments | $607.0M | $505.9M | $764.7M | $711.2M | $924.0M | $177.1M | $575.6M | $209.5M | $350.9M | $124.0M |
| Net debt | $284.7M | $388.9M | $236.6M | $287.8M | $247.4M | $1.51B | $1.00B | $816.6M | $651.0M | $656.6M |
| Debt / equity | 0.51 | 0.49 | 0.53 | 0.53 | 0.60 | 1.39 | 1.20 | 0.99 | 0.98 | 0.85 |
| Debt / assets | 0.24 | 0.24 | 0.29 | 0.28 | 0.31 | 0.46 | 0.45 | 0.40 | 0.41 | 0.38 |
| Net debt / EBITDA | 0.87 | 1.22 | 0.71 | 0.72 | 0.36 | 4.14 | 3.20 | 1.91 | 1.51 | 1.75 |
| Current ratio | 1.27 | 1.41 | 2.76 | 2.51 | 2.62 | 0.71 | 1.06 | 1.50 | 2.34 | 0.77 |
| Quick ratio | 1.27 | 1.41 | 2.76 | 2.51 | 2.61 | 0.71 | 1.06 | 1.50 | 2.34 | 0.77 |
| Interest coverage | 7.9 | 8.1 | 6.6 | 5.9 | 2.3 | 2.5 | 10.3 | 3.9 | 3.6 | 5.9 |
| Working capital | $295.4M | $372.4M | $759.2M | $651.8M | $803.4M | −$259.7M | $53.8M | $153.0M | $355.3M | −$106.1M |
| Invested capital | $2.04B | $2.20B | $2.13B | $2.18B | $2.22B | $2.72B | $2.32B | $1.85B | $1.67B | $1.57B |
| Tangible asset value | −$198.2M | $173.2M | $314.6M | −$161.7M | −$136.4M | −$1.01B | −$878.4M | −$871.1M | −$662.1M | −$720.0M |
| Net current asset value | −$539.3M | −$621.4M | −$387.0M | −$556.4M | −$501.9M | −$1.83B | −$1.31B | −$1.06B | −$812.4M | −$799.8M |
| Graham number | $33.26 | $36.00 | $28.61 | $35.04 | $97.98 | $43.00 | $51.82 | $35.39 | $36.76 | $36.93 |
| Graham net-net per share | −$19.52 | −$20.05 | −$12.05 | −$14.90 | −$13.35 | −$43.40 | −$29.02 | −$23.49 | −$18.62 | −$18.22 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | — | — | $9.23B | $1.6M | $43.5M | $81.7M | $73.5M | $65.8M |
| Share buybacks (net) | $173.8M | $185.2M | $108.5M | $78.3M | $78.3M | $275.7M | $20.8M | $47.1M | $9.8M | $56.5M |
| Dividend payout ratio | — | — | — | — | — | 1.1% | 19.9% | 63.5% | 52.7% | 43.2% |
| Dividends + buybacks / free cash flow | 60.4% | 65.3% | 51.4% | 34.0% | — | 72.1% | 18.8% | 37.4% | 37.4% | 48.3% |
| Capex / revenue | 8.2% | 7.6% | 8.0% | 7.6% | 8.0% | 8.3% | 5.1% | 4.7% | 3.7% | 3.3% |
| Capex / operating cash flow | 29.3% | 27.3% | 34.0% | 31.6% | 22.1% | 19.9% | 17.1% | 14.2% | 15.8% | 10.3% |
| Capex / depreciation | 0.52 | 0.50 | 0.46 | 0.45 | 0.44 | 0.42 | 0.28 | 0.30 | 0.26 | 0.24 |
| Stock-based compensation / revenue | 3.1% | 2.9% | 2.3% | 1.9% | 1.8% | 2.1% | 1.7% | 2.3% | 2.0% | 1.6% |
| R&D / revenue | 4.3% | 4.8% | 5.0% | 5.3% | 5.6% | 4.9% | 4.0% | 4.0% | 4.1% | 4.4% |
| SG&A / revenue | 51.7% | 51.6% | 50.1% | 48.4% | 67.0% | 67.7% | 30.9% | 59.1% | 58.5% | 51.1% |
| Efficiency | ||||||||||
| Days sales outstanding | 166.9 | 129.9 | 86.0 | 81.5 | 80.6 | 90.0 | 64.3 | 68.9 | 70.9 | 65.7 |
| Days of inventory on hand | — | — | — | 4.6 | 4.5 | 0.0 | 0.0 | — | — | — |
| Days payables outstanding | 132.4 | 262.0 | 239.9 | 249.0 | 319.1 | 445.9 | 311.1 | 305.3 | 368.5 | 362.8 |
| Cash conversion cycle (days) | 34.6 | -132.1 | -154.0 | -163.0 | -234.0 | -355.9 | -246.8 | -236.4 | -297.6 | -297.2 |
| Receivables turnover | 2.19 | 2.81 | 4.25 | 4.48 | 4.53 | 4.06 | 5.68 | 5.30 | 5.15 | 5.56 |
| Payables turnover | 2.76 | 1.39 | 1.52 | 1.47 | 1.14 | 0.82 | 1.17 | 1.20 | 0.99 | 1.01 |
| Inventory turnover | — | — | — | 79.79 | 81.30 | 178,403,000.00 | 237,323,000.00 | — | — | — |
| Asset turnover | 0.39 | 0.39 | 0.39 | 0.38 | 0.38 | 0.32 | 0.45 | 0.48 | 0.50 | 0.45 |
| Average receivables | $663.7M | $499.0M | $321.2M | $310.5M | $312.9M | $285.7M | $241.8M | $227.9M | $217.0M | $157.3M |
| Average payables | $157.8M | $143.8M | $122.0M | $125.9M | $164.4M | $218.0M | $202.3M | $168.2M | $174.0M | $146.2M |
| Average inventory | — | — | — | $2.3M | $2.3M | $1 | $1 | — | $0 | $0 |
| Intangibles / total assets | 53.3% | 44.2% | 45.5% | 58.1% | 55.8% | 60.6% | 62.5% | 74.5% | 68.6% | 79.3% |
Computed from ZD's annual financial statements (latest annual report filed February 24, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
ZD valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Ziff Davis traded at 30.5 times earnings, against a 10-year median of 24.7. Ziff Davis earned a return on equity of 2.7% and a return on invested capital of 6.3% in fiscal 2025. It ended the year with $891.7 million of debt and $607.0 million in cash and short-term investments, net debt of $284.7 million. It returned $173.8 million to shareholders: $0 in dividends and $173.8 million in share buybacks, 60% of free cash flow. The share count fell 14.3% from 48.0M to 41.1M over 9 years.
See the ZD income statement, the ZD chart for price history, or the ZD stock overview for the latest quote and news.
ZD key metrics FAQ
What is Ziff Davis's P/E ratio?
Ziff Davis traded at 30.5 times earnings at the end of fiscal 2025.
What is Ziff Davis's EV/EBITDA?
Ziff Davis's enterprise value was 5.3 times EBITDA at the end of fiscal 2025 (enterprise value $1.7 billion, EBITDA $327.4 million); the current EV/EBITDA is 4.6.
What is Ziff Davis's return on equity?
Ziff Davis's return on equity (ROE) was 2.7% in fiscal 2025: net income of $47.4 million on average shareholders' equity of $1.8 billion.
What is Ziff Davis's ROIC?
Ziff Davis's return on invested capital was 6.3% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Ziff Davis have?
Ziff Davis had total debt of $891.7 million at the end of fiscal 2025, a debt-to-equity ratio of 0.51 and $284.7 million of net debt (0.87 times EBITDA).
Does Ziff Davis buy back its shares?
Yes. Ziff Davis spent $173.8 million on net share repurchases in fiscal 2025 Shares outstanding changed −7.7% over the year, to 41.1M..
What is Ziff Davis's free cash flow yield?
Ziff Davis generated $287.9 million of free cash flow in fiscal 2025, a free cash flow yield of 19.9% on its market value at year-end ($1.4 billion).
What is Ziff Davis's current ratio?
Ziff Davis's current ratio was 1.27 at the end of fiscal 2025: current assets were 1.27 times current liabilities.