Using the PEG framework with analyst consensus forward EPS growth of 25.0%, Zebra Technologies Corporation has a fair value of $448.22 based on NTM EPS (FY2026) of $17.93. The current PEG ratio is 0.32.
PEG < 1 = bargain, 1–1.5 = fair, > 2 = expensive.
Growth above 25% is capped — hypergrowth may not be sustainable long-term.
| EPS Growth RateForward | 36.3% |
| Adjusted Growth (clamped 8–25%)Clamped | 25.0% |
| Fair P/E | 25.0x |
| NTM EPS (FY2026) | $17.93 |
| Fair Value | $448.22 |
| Period | EPS Est. | Growth | Analysts |
|---|---|---|---|
| FY2025 (actual) | $8.18 | — | — |
| FY2026E | $17.93 | +119.2% | 12 |
| FY2027E | $19.96 | +11.3% | 12 |
| FY2028E | $22.06 | +10.5% | 10 |
| FY2029E | $28.20 | +27.8% | 5 |
4Y Forward EPS CAGR: 36.3%
| Year | Net Income | EPS | YoY |
|---|
The PEG Fair Value uses the Price/Earnings-to-Growth framework. A stock is fairly valued when its P/E ratio equals its earnings growth rate (PEG = 1.0). This model adds dividend yield to the growth rate per the original PEGY formula.
Growth rate priority: analyst consensus forward EPS CAGR (when ≥ 3 analysts cover the stock), falling back to historical EPS CAGR. Using EPS rather than net income avoids distortion from share buybacks. The growth rate is clamped between 8% and 25% — below 8% would undervalue stable earners, while above 25% would overvalue unsustainable spikes.
| FY2021 | $837.0M | $15.53 | — |
| FY2022 | $463.0M | $8.81 | -43.3% |
| FY2023 | $296.0M | $5.72 | -35.1% |
| FY2024 | $528.0M | $10.18 | +78.0% |
| FY2025 | $419.0M | $8.18 | -19.6% |
4Y Historical EPS CAGR: -14.8%