Zillow GroupBSP:Z2LL35 64 Cyclically Adjusted PB Ratio is 1.94 as of Jul. 11, 2026, which is 40% below its 10-year median of 3.24. GuruFocus rates BSP:Z2LL35 with a GF Score™ of 64/100 and a GF Value™ of R$140.91. The stock has 3 warning signs investors should review. Among 348 Interactive Media companies, Zillow Group ranks better than 50% on this metric.
The historical rank and industry rank for Zillow Group's Cyclically Adjusted PB Ratio or its related term are showing as below:
BSP:Z2LL35'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.46 Med: 3.24 Max: 18.43
Current: 1.56
During the past years, Zillow Group's highest Cyclically Adjusted PB Ratio was 18.43. The lowest was 1.46. And the median was 3.24.
BSP:Z2LL35's Cyclically Adjusted PB Ratio is ranked better than 50% of 348
companies
in the Interactive Media industry
Industry Median: 1.51
vs BSP:Z2LL35: 1.56
The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.
Zillow Group's adjusted book value per share data for the three months ended in Mar. 2026 was R$100.622. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is R$32.16 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Zillow Group (BSP:Z2LL35) Cyclically Adjusted PB Ratio Explanation
Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.
Zillow Group Cyclically Adjusted PB Ratio Related Terms
Zillow Group Cyclically Adjusted PB Ratio Historical Data
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The historical data trend for Zillow Group's Cyclically Adjusted PB Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
BSP:Z2LL35 vs SNAP, BILI, BZ: Cyclically Adjusted PB Ratio Comparison
For the Internet Content & Information subindustry, Zillow Group's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Zillow Group Cyclically Adjusted PB Ratio vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Zillow Group's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Zillow Group's Cyclically Adjusted PB Ratio falls into.
Zillow Group Cyclically Adjusted PB Ratio Calculation
Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.
The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.
Zillow Group's Cyclically Adjusted PB Ratio for today is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.
What does a Cyclically Adjusted PB Ratio of 1.94 mean?
Zillow Group (BSP:Z2LL35) has a Cyclically Adjusted PB Ratio of 1.94 as of Jul. 11, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Zillow Group and its competitors. This is 40% below median its historical median of 3.24. Over the past decade, Zillow Group's Cyclically Adjusted PB Ratio has ranged from 1.46 to 18.43. According to the industry distribution chart, Zillow Group ranks #174 out of 348 companies in the Interactive Media industry, placing it in the top 50%.
Is Zillow Group's Cyclically Adjusted PB Ratio too high?
Zillow Group's current Cyclically Adjusted PB Ratio of 1.94 is 40% below median its 10-year median of 3.24. Over the past 10 years, this metric has ranged from a low of 1.46 to a high of 18.43. The Interactive Media industry median Cyclically Adjusted PB Ratio is 1.51. Zillow Group's value of 1.94 is 28.5% above this industry median. Based on the distribution chart, Zillow Group ranks #174 out of 348 companies in the Interactive Media industry, which is above the industry midpoint. Overall, Zillow Group has a GF Score™ of 64/100, reflecting its overall financial health beyond just this single metric.
How does Zillow Group's Cyclically Adjusted PB Ratio compare to SNAP and BILI?
According to the Interactive Media industry distribution chart, Zillow Group ranks #174 out of 348 companies for Cyclically Adjusted PB Ratio. This puts Zillow Group in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.51. Zillow Group's value of 1.94 is 28.5% above this benchmark. Historically, Zillow Group's own Cyclically Adjusted PB Ratio has ranged from 1.46 to 18.43 over the past decade. While the company's 10-year median is 3.24 vs. the industry median of 1.51, Zillow Group has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for an Interactive Media company?
The median Cyclically Adjusted PB Ratio among Interactive Media companies is 1.51, based on 348 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Zillow Group's current Cyclically Adjusted PB Ratio of 1.94 is 28.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Zillow Group and its competitors. For the Interactive Media industry, the median Cyclically Adjusted PB Ratio is 1.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zillow Group's current Cyclically Adjusted PB Ratio is 1.94, which is 40% below median its own 10-year median of 3.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zillow Group stock overvalued right now?
Zillow Group (BSP:Z2LL35) has a current Cyclically Adjusted PB Ratio of 1.94. The stock's GF Value™ is R$140.91, compared to a current price of R$62.46 — trading 55.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.94, which is 40% below median its 10-year median of 3.24 and 28.5% above the Interactive Media industry median of 1.51. Zillow Group's overall GF Score™ is 64/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Zillow Group (BSP:Z2LL35), the current Cyclically Adjusted PB Ratio is 1.94 as of Jul. 11, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Zillow Group (BSP:Z2LL35) Overvalued in 2026?
Based on GuruFocus' analysis, Zillow Group stock appears to be undervalued.
The current stock price of R$62.46 is trading 55.7% below its estimated GF Value™ of R$140.91.
Key valuation signals for BSP:Z2LL35:
Cyclically Adjusted PB Ratio: 1.94 (40% below median its 10-year median of 3.24)
GF Value™: R$140.91 vs. price of R$62.46 (55.7% below fair value)
Industry Position: 28.5% above the Interactive Media median (#174 of 348)
No single metric tells the full story. See the BSP:Z2LL35 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zillow Group Inc is a real estate technology company offering a digital platform that connects real estate customers with sellers, agents, loan officers, and other real estate-related professionals. With its tools and resources, Zillow helps real estate professionals grow their businesses, and for renters and housing providers, it offers a marketplace along with a set of end-to-end products and services to streamline applications, leases, payments, and more. The group operates various brands such as Zillow, Zillow Home Loans, Zillow Rentals, Zillow New Construction, Trulia, StreetEasy, Out East, HotPads, Follow Up Boss, ShowingTime, dotloop, and Zillow Closing. Its ecosystem spans the entire home journey from shopping to renting, buying, selling, and financing real estate.
64GF Score
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