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.
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.
ZTO Express (Cayman)BSP:Z1TO34 95 EV-to-EBITDA 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 899 Transportation companies, ZTO Express (Cayman) ranks worse than 62.07% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, ZTO Express (Cayman)'s enterprise value is R$87,029 Mil.
ZTO Express (Cayman)'s EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was R$8,724 Mil. Therefore, ZTO Express (Cayman)'s EV-to-EBITDA for today is 9.98.
The historical rank and industry rank for ZTO Express (Cayman)'s EV-to-EBITDA or its related term are showing as below:
BSP:Z1TO34'
s EV-to-EBITDA 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-EBITDA of ZTO Express (Cayman) was 40.07. The lowest was 7.68. And the median was 16.73.
BSP:Z1TO34's EV-to-EBITDA is ranked worse than 62.07% of 899
companies
in the Transportation industry
Industry Median: 8.64
vs BSP:Z1TO34: 10.87
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
ZTO Express (Cayman)'s PE Ratio (TTM) for today is calculated as:
ZTO Express (Cayman)'s share price for today is R$30.54.
ZTO Express (Cayman)'s Earnings per Share (Diluted) 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$2.190.
* 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.
Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).
The historical data trend for ZTO Express (Cayman)'s EV-to-EBITDA 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:Z1TO34 vs CHRW, EXPD, FDXF: EV-to-EBITDA Comparison
For the Integrated Freight & Logistics subindustry, ZTO Express (Cayman)'s EV-to-EBITDA, along with its competitors' market caps and EV-to-EBITDA 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-EBITDA vs Transportation Industry
For the Transportation industry and Industrials sector, ZTO Express (Cayman)'s EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where ZTO Express (Cayman)'s EV-to-EBITDA falls into.
ZTO Express (Cayman)'s current Enterprise Value is R$87,029 Mil.
ZTO Express (Cayman)'s EBITDA 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) (BSP:Z1TO34) has a EV-to-EBITDA of 9.98 as of Aug. 04, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on ZTO Express (Cayman). This is 40% below median its historical median of 16.73. Over the past decade, ZTO Express (Cayman)'s EV-to-EBITDA has ranged from 7.68 to 40.07. According to the industry distribution chart, ZTO Express (Cayman) ranks #558 out of 899 companies in the Transportation industry, placing it in the top 62.1%.
Is ZTO Express (Cayman)'s EV-to-EBITDA too high?
ZTO Express (Cayman)'s current EV-to-EBITDA 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-EBITDA is 8.64. ZTO Express (Cayman)'s value of 9.98 is 15.5% above this industry median. Based on the distribution chart, ZTO Express (Cayman) ranks #558 out of 899 companies in the Transportation industry, which is below 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-EBITDA compare to CHRW and EXPD?
According to the Transportation industry distribution chart, ZTO Express (Cayman) ranks #558 out of 899 companies for EV-to-EBITDA. This places ZTO Express (Cayman) in the lower half of its industry. The industry median EV-to-EBITDA is 8.64. ZTO Express (Cayman)'s value of 9.98 is 15.5% above this benchmark. Historically, ZTO Express (Cayman)'s own EV-to-EBITDA 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 8.64, ZTO Express (Cayman) 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 EV-to-EBITDA for a Transportation company?
The median EV-to-EBITDA among Transportation companies is 8.64, based on 899 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ZTO Express (Cayman)'s current EV-to-EBITDA of 9.98 is 15.5% 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 EV-to-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on ZTO Express (Cayman). For the Transportation industry, the median EV-to-EBITDA is 8.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ZTO Express (Cayman)'s current EV-to-EBITDA 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-EBITDA is 9.98, which is 40% below median its 10-year median of 16.73 and 15.5% above the Transportation industry median of 8.64. 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-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For ZTO Express (Cayman) (BSP:Z1TO34), the current EV-to-EBITDA 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-EBITDA: 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)
Industry Position: 15.5% above the Transportation median (#558 of 899)
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 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-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BSP:Z1TO34 has been successfully added to your 
