Ermenegildo Zegna NVZGN -0.96%83 PB Ratio is 2.99 as of Jul. 11, 2026, which is 11% below its 10-year median of 3.37. GuruFocus rates ZGN with a GF Score™ of 83/100 and a GF Value™ of $11.30 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 998 Manufacturing - Apparel & Accessories companies, Ermenegildo Zegna NV ranks worse than 82.46% on this metric.
During the past 12 months, Ermenegildo Zegna NV's average Book Value Per Share Growth Rate was 18.50% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 15.00% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 9.30% per year.
During the past 8 years, the highest 3-Year average Book Value Per Share Growth Rate of Ermenegildo Zegna NV was 15.00% per year. The lowest was -4.80% per year. And the median was 6.60% per year.
Back to Basics: PB Ratio
Ermenegildo Zegna NV (NYSE:ZGN) PB Ratio Explanation
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Ermenegildo Zegna NV PB Ratio Related Terms
Ermenegildo Zegna NV PB Ratio Historical Data
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The historical data trend for Ermenegildo Zegna NV's 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.
For the Apparel Manufacturing subindustry, Ermenegildo Zegna NV's PB Ratio, along with its competitors' market caps and 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.
Ermenegildo Zegna NV PB Ratio vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Ermenegildo Zegna NV's PB Ratio distribution charts can be found below:
* The bar in red indicates where Ermenegildo Zegna NV's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Ermenegildo Zegna NV (ZGN) has a PB Ratio of 2.99 as of Jul. 11, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Ermenegildo Zegna NV and its competitors. This is 11% below median its historical median of 3.37. Over the past decade, Ermenegildo Zegna NV's PB Ratio has ranged from 1.74 to 5.41. According to the industry distribution chart, Ermenegildo Zegna NV ranks #823 out of 998 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 82.5%.
Is Ermenegildo Zegna NV's PB Ratio too high?
Ermenegildo Zegna NV's current PB Ratio of 2.99 is 11% below median its 10-year median of 3.37. Over the past 10 years, this metric has ranged from a low of 1.74 to a high of 5.41. The Manufacturing - Apparel & Accessories industry median PB Ratio is 1.07. Ermenegildo Zegna NV's value of 2.99 is 179.4% above this industry median. Based on the distribution chart, Ermenegildo Zegna NV ranks #823 out of 998 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, Ermenegildo Zegna NV has a GF Score™ of 83/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ermenegildo Zegna NV's PB Ratio compare to PVH and COLM?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Ermenegildo Zegna NV ranks #823 out of 998 companies for PB Ratio. This places Ermenegildo Zegna NV in the lower half of its industry. The industry median PB Ratio is 1.07. Ermenegildo Zegna NV's value of 2.99 is 179.4% above this benchmark. Historically, Ermenegildo Zegna NV's own PB Ratio has ranged from 1.74 to 5.41 over the past decade. While the company's 10-year median is 3.37 vs. the industry median of 1.07, Ermenegildo Zegna NV 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 PB Ratio for a Manufacturing - Apparel & Accessories company?
The median PB Ratio among Manufacturing - Apparel & Accessories companies is 1.07, based on 998 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ermenegildo Zegna NV's current PB Ratio of 2.99 is 179.4% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Ermenegildo Zegna NV and its competitors. For the Manufacturing - Apparel & Accessories industry, the median PB Ratio is 1.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ermenegildo Zegna NV's current PB Ratio is 2.99, which is 11% below median its own 10-year median of 3.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ermenegildo Zegna NV stock overvalued right now?
Based on GuruFocus' analysis, Ermenegildo Zegna NV (ZGN) is currently considered Modestly Overvalued. The stock's GF Value™ is $11.30, compared to a current price of $13.44 — trading 18.9% above its estimated fair value. The current PB Ratio is 2.99, which is 11% below median its 10-year median of 3.37 and 179.4% above the Manufacturing - Apparel & Accessories industry median of 1.07. Ermenegildo Zegna NV's overall GF Score™ is 83/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Ermenegildo Zegna NV (ZGN), the current PB Ratio is 2.99 as of Jul. 11, 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 Ermenegildo Zegna NV (ZGN) Overvalued in 2026?
Based on GuruFocus' analysis, Ermenegildo Zegna NV stock appears to be overvalued.
The current stock price of $13.44 is trading 18.9% above its estimated GF Value™ of $11.30.
GuruFocus considers Ermenegildo Zegna NV to be Modestly Overvalued.
Key valuation signals for ZGN:
PB Ratio: 2.99 (11% below median its 10-year median of 3.37)
GF Value™: $11.30 vs. price of $13.44 (18.9% above fair value)
Industry Position: 179.4% above the Manufacturing - Apparel & Accessories median (#823 of 998)
No single metric tells the full story. See the ZGN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ermenegildo Zegna NV designs creates, and distributes luxury menswear and accessories under the Zegna brand, as well as womenswear, menswear, and accessories under the Thom Browne brand. The company operates in three segments: the Zegna segment (comprising three product lines: Zegna Branded Products, Textile, and Third Party Brands); the Thom Browne segment, and the Tom Ford Fashion segment. The company generates the majority of revenue from the Zegna segment.
83GF Score
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