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.
Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Zebra Technologies's share price for the quarter that ended in Mar. 2026 was $209.08. Zebra Technologies's Shares Outstanding (EOP) for the quarter that ended in Mar. 2026 was 48 Mil. Therefore, Zebra Technologies's market cap for the quarter that ended in Mar. 2026 was $10,116 Mil.
Zebra Technologies's quarterly market cap
declined
from Sep. 2025 ($15,077 Mil) to Dec. 2025 ($12,042 Mil) and
declined
from Dec. 2025 ($12,042 Mil) to Mar. 2026 ($10,116 Mil).
Zebra Technologies's annual market cap
increased
from Dec. 2023 ($14,043 Mil) to Dec. 2024 ($19,893 Mil) but then
declined
from Dec. 2024 ($19,893 Mil) to Dec. 2025 ($12,042 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Zebra Technologies's Enterprise Value for Today is $15,360 Mil.
Zebra Technologies (NAS:ZBRA) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Zebra Technologies Market Cap Related Terms
Zebra Technologies Market Cap Historical Data
* Premium members only.
The historical data trend for Zebra Technologies's Market Cap 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.
For the Communication Equipment subindustry, Zebra Technologies's Market Cap, along with its competitors' market caps and Market Cap 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 Market Cap vs Hardware Industry
For the Hardware industry and Technology sector, Zebra Technologies's Market Cap distribution charts can be found below:
* The bar in red indicates where Zebra Technologies's Market Cap falls into.
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Zebra Technologies's Market Cap for the fiscal year that ended in Dec. 2025 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.
Zebra Technologies (ZBRA) has a Market Cap of $12,625 Mil as of Jul. 16, 2026. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Zebra Technologies and its competitors. According to the industry distribution chart, Zebra Technologies ranks #111 out of 2521 companies in the Hardware industry, placing it in the top 4.4%.
Is Zebra Technologies' Market Cap too high?
Zebra Technologies' current Market Cap is $12,625 Mil. The Hardware industry median Market Cap is 202.83. Zebra Technologies' value of $12,625 Mil is 6124.3% above this industry median. Based on the distribution chart, Zebra Technologies ranks #111 out of 2521 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Zebra Technologies has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Zebra Technologies' Market Cap compare to VIAV and AAOI?
According to the Hardware industry distribution chart, Zebra Technologies ranks #111 out of 2521 companies for Market Cap. This places Zebra Technologies in the top 4% of its industry — outperforming the majority of peers. The industry median Market Cap is 202.83. Zebra Technologies' value of $12,625 Mil is 6124.3% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Market Cap for a Hardware company?
The median Market Cap among Hardware companies is 202.83, based on 2,521 companies in the industry. Companies in the top quartile (top 25%) have a Market Cap significantly above this median, while those in the bottom quartile fall well below. However, Market Cap should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Zebra Technologies's current Market Cap of $12,625 Mil is 6124.3% 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 Market Cap mean?
A high Market Cap can signal that a stock is expensive relative to its fundamentals. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Zebra Technologies and its competitors. For the Hardware industry, the median Market Cap is 202.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zebra Technologies's current Market Cap is $12,625 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zebra Technologies stock overvalued right now?
Based on GuruFocus' analysis, Zebra Technologies (ZBRA) is currently considered Modestly Undervalued. The stock's GF Value™ is $336.87, compared to a current price of $265.04 — trading 21.3% below its estimated fair value. The current Market Cap is $12,625 Mil and 6124.3% above the Hardware industry median of 202.83. Zebra Technologies' overall GF Score™ is 78/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Market Cap calculated?
Market Cap is calculated from a company's financial statements. For Zebra Technologies (ZBRA), the current Market Cap is $12,625 Mil 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 Zebra Technologies (ZBRA) Overvalued in 2026?
Based on GuruFocus' analysis, Zebra Technologies stock appears to be undervalued.
The current stock price of $265.04 is trading 21.3% below its estimated GF Value™ of $336.87.
GuruFocus considers Zebra Technologies to be Modestly Undervalued.
Key valuation signals for ZBRA:
Market Cap: $12,625 Mil
GF Value™: $336.87 vs. price of $265.04 (21.3% below fair value)
Industry Position: 6124.3% above the Hardware median (#111 of 2521)
No single metric tells the full story. See the ZBRA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
78GF Score
Get the complete analysis for ZBRA
Market Cap is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ZBRA has been successfully added to your 
