ZTO Express (Cayman) (BSP:Z1TO34) EV-to-EBIT: 9.98 (As of Aug. 04, 2026) — 40% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

BSP:Z1TO34 ZTO Express (Cayman) Inc BSP:Z1TO34
95 GF Score
Price R$30.54
GF Value R$35.76
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is ZTO Express (Cayman) EV-to-EBIT?

ZTO Express (Cayman) BSP:Z1TO34 95 EV-to-EBIT is 9.98 as of Aug. 04, 2026, which is 40% below its 10-year median of 16.73. GuruFocus rates BSP:Z1TO34 with a GF Score™ of 95/100 and a GF Value™ of R$35.76 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 863 Transportation companies, ZTO Express (Cayman) ranks better than 57.13% on this metric.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, ZTO Express (Cayman)'s Enterprise Value is R$87,029 Mil. ZTO Express (Cayman)'s EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was R$8,724 Mil. Therefore, ZTO Express (Cayman)'s EV-to-EBIT for today is 9.98.

The historical rank and industry rank for ZTO Express (Cayman)'s EV-to-EBIT or its related term are showing as below:

BSP:Z1TO34' s EV-to-EBIT Range Over the Past 10 Years
Min: 7.68   Med: 16.73   Max: 40.07
Current: 10.87

During the past 12 years, the highest EV-to-EBIT of ZTO Express (Cayman) was 40.07. The lowest was 7.68. And the median was 16.73.

BSP:Z1TO34's EV-to-EBIT is ranked better than
57.13% of 863 companies
in the Transportation industry
Industry Median: 12.34 vs BSP:Z1TO34: 10.87

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. ZTO Express (Cayman)'s Enterprise Value for the quarter that ended in Mar. 2026 was R$94,787 Mil. ZTO Express (Cayman)'s EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was R$8,724 Mil. ZTO Express (Cayman)'s Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 9.20%.


ZTO Express (Cayman)  (BSP:Z1TO34) EV-to-EBIT Explanation

This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %.

ZTO Express (Cayman)'s Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

Earnings Yield (Joel Greenblatt) % (Q: Mar. 2026 ) =EBIT / Enterprise Value (Q: Mar. 2026 )
=8724.429/94787.16164
=9.20 %

ZTO Express (Cayman)'s Enterprise Value for the quarter that ended in Mar. 2026 was R$94,787 Mil.
ZTO Express (Cayman)'s EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was R$8,724 Mil.

* 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.


ZTO Express (Cayman) EV-to-EBIT Related Terms


ZTO Express (Cayman) EV-to-EBIT Historical Data

* Premium members only.

The historical data trend for ZTO Express (Cayman)'s EV-to-EBIT 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.

ZTO Express (Cayman) EV-to-EBIT Chart

ZTO Express (Cayman) Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 23.44 17.56 10.78 9.10 9.11

ZTO Express (Cayman) Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EV-to-EBIT 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 8.69 8.07 8.44 9.11 11.23

BSP:Z1TO34 vs CHRW, EXPD, FDXF: EV-to-EBIT Comparison

For the Integrated Freight & Logistics subindustry, ZTO Express (Cayman)'s EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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.


ZTO Express (Cayman) EV-to-EBIT vs Transportation Industry

For the Transportation industry and Industrials sector, ZTO Express (Cayman)'s EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where ZTO Express (Cayman)'s EV-to-EBIT falls into.


BSP:Z1TO34
95GF Score
ZTO Express (Cayman) Inc BSP:Z1TO34
EV-to-EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ZTO Express (Cayman) EV-to-EBIT Calculation

ZTO Express (Cayman)'s EV-to-EBIT for today is calculated as:

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=87028.518/8724.429
=9.98

ZTO Express (Cayman)'s current Enterprise Value is R$87,029 Mil.
ZTO Express (Cayman)'s EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was R$8,724 Mil.

* 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.

Frequently Asked Questions Learn more about EV-to-EBIT →
What does a EV-to-EBIT of 9.98 mean?
ZTO Express (Cayman) (BSP:Z1TO34) has a EV-to-EBIT of 9.98 as of Aug. 04, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on ZTO Express (Cayman) and its competitors. This is 40% below median its historical median of 16.73. Over the past decade, ZTO Express (Cayman)'s EV-to-EBIT has ranged from 7.68 to 40.07. According to the industry distribution chart, ZTO Express (Cayman) ranks #370 out of 863 companies in the Transportation industry, placing it in the top 42.9%.
Is ZTO Express (Cayman)'s EV-to-EBIT too high?
ZTO Express (Cayman)'s current EV-to-EBIT of 9.98 is 40% below median its 10-year median of 16.73. Over the past 10 years, this metric has ranged from a low of 7.68 to a high of 40.07. The Transportation industry median EV-to-EBIT is 12.34. ZTO Express (Cayman)'s value of 9.98 is 19.1% below this industry median. Based on the distribution chart, ZTO Express (Cayman) ranks #370 out of 863 companies in the Transportation industry, which is above the industry midpoint. Overall, ZTO Express (Cayman) has a GF Score™ of 95/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ZTO Express (Cayman)'s EV-to-EBIT compare to CHRW and EXPD?
According to the Transportation industry distribution chart, ZTO Express (Cayman) ranks #370 out of 863 companies for EV-to-EBIT. This puts ZTO Express (Cayman) in the upper half of its industry. The industry median EV-to-EBIT is 12.34. ZTO Express (Cayman)'s value of 9.98 is 19.1% below this benchmark. Historically, ZTO Express (Cayman)'s own EV-to-EBIT has ranged from 7.68 to 40.07 over the past decade. While the company's 10-year median is 16.73 vs. the industry median of 12.34, ZTO Express (Cayman) has consistently been below 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 EV-to-EBIT for a Transportation company?
The median EV-to-EBIT among Transportation companies is 12.34, based on 863 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBIT significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ZTO Express (Cayman)'s current EV-to-EBIT of 9.98 is 19.1% below 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 EV-to-EBIT mean?
A high EV-to-EBIT can signal that a stock is expensive relative to its fundamentals. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on ZTO Express (Cayman) and its competitors. For the Transportation industry, the median EV-to-EBIT is 12.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ZTO Express (Cayman)'s current EV-to-EBIT is 9.98, which is 40% below median its own 10-year median of 16.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ZTO Express (Cayman) stock overvalued right now?
Based on GuruFocus' analysis, ZTO Express (Cayman) (BSP:Z1TO34) is currently considered Modestly Undervalued. The stock's GF Value™ is R$35.76, compared to a current price of R$30.54 — trading 14.6% below its estimated fair value. The current EV-to-EBIT is 9.98, which is 40% below median its 10-year median of 16.73 and 19.1% below the Transportation industry median of 12.34. ZTO Express (Cayman)'s overall GF Score™ is 95/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBIT calculated?
EV-to-EBIT is calculated from a company's financial statements. For ZTO Express (Cayman) (BSP:Z1TO34), the current EV-to-EBIT is 9.98 as of Aug. 04, 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 ZTO Express (Cayman) (BSP:Z1TO34) Overvalued in 2026?

Based on GuruFocus' analysis, ZTO Express (Cayman) stock appears to be undervalued. The current stock price of R$30.54 is trading 14.6% below its estimated GF Value™ of R$35.76. GuruFocus considers ZTO Express (Cayman) to be Modestly Undervalued.

Key valuation signals for BSP:Z1TO34:

  • EV-to-EBIT: 9.98 (40% below median its 10-year median of 16.73)
  • GF Value™: R$35.76 vs. price of R$30.54 (14.6% below fair value)
  • GF Score™: 95/100 with 4 warning signs
  • Industry Position: 19.1% below the Transportation median (#370 of 863)

No single metric tells the full story. See the BSP:Z1TO34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ZTO Express (Cayman) Business Description

Address No. 1685 Huazhi Road, Building One, Qingpu District, Shanghai, CHN, 201708
ZTO Express is China's largest express delivery company by parcel volume, with a volume share of 19.4% in 2024. It operates a network partner model where it provides line-haul transportation and sorting services, while its local network partners provide first-mile pickup and last-mile delivery services under the ZTO brand name. Headquartered in Shanghai, the company was founded in 2002 by Meisong Lai, who remains chair, CEO, and its major shareholder with 78% voting rights as of March 31, 2025. ZTO's strategic shareholder is leading China e-commerce company Alibaba Group with around an 8.9% interest.
95GF Score

Get the complete analysis for BSP:Z1TO34

EV-to-EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$30.54
Price
R$35.76
GF Value