Zillow Group (MEX:Z) Cyclically Adjusted PB Ratio: 1.54 (As of Jul. 16, 2026) — 52% Below Median

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MEX:Z Zillow Group Inc MEX:Z
64 GF Score
Price MXN638.00
GF Value MXN1,421.06
! 3 Warning Signs
View Full Analysis

What is Zillow Group Cyclically Adjusted PB Ratio?

Zillow Group MEX:Z 64 Cyclically Adjusted PB Ratio is 1.54 as of Jul. 16, 2026, which is 52% below its 10-year median of 3.23. GuruFocus rates MEX:Z with a GF Score™ of 64/100 and a GF Value™ of MXN1,421.06. The stock has 3 warning signs investors should review. Among 347 Interactive Media companies, Zillow Group ranks better than 50.14% on this metric.

As of today (2026-07-16), Zillow Group's current share price is MXN638.00. Zillow Group's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was MXN414.46. Zillow Group's Cyclically Adjusted PB Ratio for today is 1.54.

The historical rank and industry rank for Zillow Group's Cyclically Adjusted PB Ratio or its related term are showing as below:

MEX:Z' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.46   Med: 3.23   Max: 18.43
Current: 1.58

During the past years, Zillow Group's highest Cyclically Adjusted PB Ratio was 18.43. The lowest was 1.46. And the median was 3.23.

MEX:Z's Cyclically Adjusted PB Ratio is ranked better than
50.14% of 347 companies
in the Interactive Media industry
Industry Median: 1.5 vs MEX:Z: 1.58

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 MXN346.966. 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 MXN414.46 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Zillow Group  (MEX:Z) 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

* Premium members only.

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.

Zillow Group Cyclically Adjusted PB Ratio Chart

Zillow Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.45 1.88 3.05 3.46 3.26

Zillow Group Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.23 3.28 3.54 3.26 1.94

MEX:Z 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.


MEX:Z
64GF Score
Zillow Group Inc MEX:Z
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=638.00/414.46
=1.54

* 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.

Zillow Group's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Zillow Group's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=346.966/330.2130*330.2130
=346.966

Current CPI (Mar. 2026) = 330.2130.

Zillow Group Quarterly Data

Book Value per Share CPI Adj_Book
201606 261.289 241.018 357.986
201609 276.544 241.428 378.243
201612 286.283 241.432 391.557
201703 263.131 243.801 356.394
201706 254.251 244.955 342.745
201709 258.496 246.819 345.835
201712 274.872 246.524 368.184
201803 260.676 249.554 344.930
201806 286.895 251.989 375.955
201809 305.588 252.439 399.737
201812 314.614 251.233 413.519
201903 310.467 254.202 403.302
201906 304.913 256.143 393.086
201909 328.532 256.759 422.519
201912 309.910 256.974 398.236
202003 376.176 258.115 481.251
202006 410.811 257.797 526.209
202009 409.132 260.280 519.059
202012 392.158 260.474 497.154
202103 455.427 264.877 567.765
202106 451.460 271.696 548.694
202109 465.743 274.310 560.659
202112 437.159 278.802 517.771
202203 388.246 287.504 445.920
202206 389.360 296.311 433.908
202209 388.855 296.808 432.620
202212 372.996 296.797 414.991
202303 348.184 301.836 380.918
202306 330.468 305.109 357.659
202309 337.728 307.789 362.333
202312 329.223 306.746 354.410
202403 327.813 312.332 346.580
202406 356.337 314.175 374.527
202409 392.565 315.301 411.131
202412 416.961 315.605 436.260
202503 403.026 319.799 416.150
202506 370.599 322.561 379.391
202509 378.351 324.800 384.656
202512 365.736 324.054 372.687
202603 346.966 330.213 346.966

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

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 1.54 mean?
Zillow Group (MEX:Z) has a Cyclically Adjusted PB Ratio of 1.54 as of Jul. 16, 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 52% below median its historical median of 3.23. 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 #173 out of 347 companies in the Interactive Media industry, placing it in the top 49.9%.
Is Zillow Group's Cyclically Adjusted PB Ratio too high?
Zillow Group's current Cyclically Adjusted PB Ratio of 1.54 is 52% below median its 10-year median of 3.23. 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 1.50. Zillow Group's value of 1.54 is 2.7% above this industry median. Based on the distribution chart, Zillow Group ranks #173 out of 347 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 #173 out of 347 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 1.50. Zillow Group's value of 1.54 is 2.7% 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 3.23 vs. the industry median of 1.50, 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 1.50, based on 347 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 1.54 is 2.7% 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 1.50 — 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 1.54, which is 52% below median its own 10-year median of 3.23. 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 (MEX:Z) has a current Cyclically Adjusted PB Ratio of 1.54. The stock's GF Value™ is MXN1,421.06, compared to a current price of MXN638.00 — trading 55.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.54, which is 52% below median its 10-year median of 3.23 and 2.7% above the Interactive Media industry median of 1.50. 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 (MEX:Z), the current Cyclically Adjusted PB Ratio is 1.54 as of Jul. 16, 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 (MEX:Z) Overvalued in 2026?

Based on GuruFocus' analysis, Zillow Group stock appears to be undervalued. The current stock price of MXN638.00 is trading 55.1% below its estimated GF Value™ of MXN1,421.06.

Key valuation signals for MEX:Z:

  • Cyclically Adjusted PB Ratio: 1.54 (52% below median its 10-year median of 3.23)
  • GF Value™: MXN1,421.06 vs. price of MXN638.00 (55.1% below fair value)
  • GF Score™: 64/100 with 3 warning signs
  • Industry Position: 2.7% above the Interactive Media median (#173 of 347)

No single metric tells the full story. See the MEX:Z stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Zillow Group Business Description

Address 1301 Second Avenue, Floor 36, Seattle, WA, USA, 98101
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

Get the complete analysis for MEX:Z

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN638.00
Price
MXN1,421.06
GF Value