Zebra Technologies (MIC:ZBRA-RM) Cyclically Adjusted PS Ratio: (As of Sep. 01, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

What is Zebra Technologies Cyclically Adjusted PS Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PS Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Zebra Technologies  (MIC:ZBRA-RM) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


Zebra Technologies Cyclically Adjusted PS Ratio Related Terms


Zebra Technologies Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Zebra Technologies's Cyclically Adjusted PS 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.

Zebra Technologies Cyclically Adjusted PS Ratio Chart

Zebra Technologies Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.49 3.08 2.96 3.85 2.34

Zebra Technologies Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PS 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 3.00 2.87 2.34 1.96 2.42

MIC:ZBRA-RM vs ASTS, VSAT, AAOI: Cyclically Adjusted PS Ratio Comparison

For the Communication Equipment subindustry, Zebra Technologies's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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.


Zebra Technologies Cyclically Adjusted PS Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Zebra Technologies's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Zebra Technologies's Cyclically Adjusted PS Ratio falls into.



Zebra Technologies Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS 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 PS Ratio.

Zebra Technologies's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Zebra Technologies's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=2490.799/333.9520*333.9520
=2,490.799

Current CPI (Jun. 2026) = 333.9520.

Zebra Technologies Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 1,103.198 241.428 1,525.984
201612 1,096.945 241.432 1,517.309
201703 914.621 243.801 1,252.823
201706 1,002.095 244.955 1,366.176
201709 1,036.498 246.819 1,402.407
201712 1,096.632 246.524 1,485.545
201803 1,036.146 249.554 1,386.566
201806 1,171.998 251.989 1,553.207
201809 1,314.935 252.439 1,739.530
201812 1,450.724 251.233 1,928.378
201903 1,268.310 254.202 1,666.213
201906 1,265.787 256.143 1,650.297
201909 1,304.126 256.759 1,696.203
201912 1,354.237 256.974 1,759.906
202003 1,541.438 258.115 1,994.329
202006 1,246.259 257.797 1,614.412
202009 1,664.094 260.280 2,135.114
202012 1,811.462 260.474 2,322.464
202103 1,894.646 264.877 2,388.734
202106 1,877.551 271.696 2,307.770
202109 1,947.969 274.310 2,371.507
202112 2,013.265 278.802 2,411.510
202203 2,812.544 287.504 3,266.927
202206 1,773.718 296.311 1,999.037
202209 1,593.030 296.808 1,792.390
202212 1,770.107 296.797 1,991.701
202303 2,042.865 301.836 2,260.230
202306 1,905.487 305.109 2,085.619
202309 1,795.631 307.789 1,948.265
202312 1,761.275 306.746 1,917.486
202403 2,075.914 312.332 2,219.611
202406 2,122.647 314.175 2,256.265
202409 2,190.654 315.301 2,320.238
202412 2,761.335 315.605 2,921.859
202503 2,085.946 319.799 2,178.261
202506 1,959.787 322.561 2,028.995
202509 2,142.848 324.800 2,203.228
202512 2,319.117 324.054 2,389.953
202603 2,458.668 330.213 2,486.507
202606 2,490.799 333.952 2,490.799

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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.


Zebra Technologies Business Description

Address 3 Overlook Point, Lincolnshire, IL, USA, 60069
Zebra Technologies is the largest provider of automatic identification and data capture technology to enterprises. Its solutions include barcode printers and scanners, mobile computers, and workflow optimization software. The firm primarily serves the retail, transportation logistics, manufacturing, and healthcare markets, designing custom solutions to improve efficiency at its customers.