ZTO Express (Cayman)MEX:ZTO N 99 PS Ratio is 2.59 as of Jul. 08, 2026, which is 32% below its 10-year median of 3.80. GuruFocus rates MEX:ZTO N with a GF Score™ of 99/100 and a GF Value™ of MXN537.38. The stock has 4 warning signs investors should review. Among 995 Transportation companies, ZTO Express (Cayman) ranks worse than 77.79% on this metric.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. As of today, ZTO Express (Cayman)'s share price is MXN426.00.
ZTO Express (Cayman)'s Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was MXN164.68. Hence, ZTO Express (Cayman)'s PS Ratio for today is 2.59.
The historical rank and industry rank for ZTO Express (Cayman)'s PS Ratio or its related term are showing as below:
MEX:ZTO N'
s PS Ratio Range Over the Past 10 Years
Min: 2.3 Med: 3.8 Max: 8.03
Current: 2.61
During the past 12 years, ZTO Express (Cayman)'s highest PS Ratio was 8.03. The lowest was 2.30. And the median was 3.80.
MEX:ZTO N's PS Ratio is ranked worse than 77.79% of 995
companies
in the Transportation industry
Industry Median: 1.02
vs MEX:ZTO N: 2.61
ZTO Express (Cayman) Inc has shown predictable revenue and earnings growth.
During the past 12 months, the average Revenue per Share Growth Rate of ZTO Express (Cayman) was 20.80% per year.
During the past 3 years, the average Revenue per Share Growth Rate was 11.10% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 10.60% per year.
During the past 10 years, the average Revenue per Share Growth Rate was 18.40% per year.
During the past 12 years, ZTO Express (Cayman)'s highest 3-Year average Revenue per Share Growth Rate was 51.20% per year. The lowest was 7.50% per year. And the median was 19.60% per year.
Back to Basics: PS Ratio
ZTO Express (Cayman) (MEX:ZTO N) PS Ratio Explanation
The PS Ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. The PS Ratio works especially well when you want to compare the stock's current valuation with its historical valuation. The PS Ratio is a great valuation tool for evaluating cyclical businesses where the PE Ratio works poorly. It works the best when comparing the current valuation with the historical valuation because over time, a company's profit margin tends to revert to the mean.
When the PS Ratio is applied to the whole stock market, it can be used to evaluate the current market valuation and projected returns. In this case, the price is the total market cap of all stocks that are traded, and sales are the GDP of the country. This is how Warren Buffett estimates the broad market valuation and project future returns.
The PS Ratio does not tell you how cheap or expensive the stock is. It cannot be used to compare companies in different industries. It works better for companies within the same industry because these companies tend to have similar capital structures and profit margins. It works the best when comparing a company with itself in the past.
ZTO Express (Cayman) PS Ratio Related Terms
ZTO Express (Cayman) PS Ratio Historical Data
* Premium members only.
The historical data trend for ZTO Express (Cayman)'s 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.
MEX:ZTO N vs EXPD, CHRW, FDXF: PS Ratio Comparison
For the Integrated Freight & Logistics subindustry, ZTO Express (Cayman)'s PS Ratio, along with its competitors' market caps and 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.
ZTO Express (Cayman) PS Ratio vs Transportation Industry
For the Transportation industry and Industrials sector, ZTO Express (Cayman)'s PS Ratio distribution charts can be found below:
* The bar in red indicates where ZTO Express (Cayman)'s PS Ratio falls into.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. It is a ratio widely used to value stocks and it was first used by Ken Fisher.
ZTO Express (Cayman)'s Share Price of today is MXN426.00. ZTO Express (Cayman)'s Revenue per Share 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 MXN164.68.
* 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:
ZTO Express (Cayman) (MEX:ZTO N) has a PS Ratio of 2.59 as of Jul. 08, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on ZTO Express (Cayman) and its competitors. This is 32% below median its historical median of 3.80. Over the past decade, ZTO Express (Cayman)'s PS Ratio has ranged from 2.30 to 8.03. According to the industry distribution chart, ZTO Express (Cayman) ranks #774 out of 995 companies in the Transportation industry, placing it in the top 77.8%.
Is ZTO Express (Cayman)'s PS Ratio too high?
ZTO Express (Cayman)'s current PS Ratio of 2.59 is 32% below median its 10-year median of 3.80. Over the past 10 years, this metric has ranged from a low of 2.30 to a high of 8.03. The Transportation industry median PS Ratio is 1.02. ZTO Express (Cayman)'s value of 2.59 is 153.9% above this industry median. Based on the distribution chart, ZTO Express (Cayman) ranks #774 out of 995 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, ZTO Express (Cayman) has a GF Score™ of 99/100, reflecting its overall financial health beyond just this single metric.
How does ZTO Express (Cayman)'s PS Ratio compare to EXPD and CHRW?
According to the Transportation industry distribution chart, ZTO Express (Cayman) ranks #774 out of 995 companies for PS Ratio. This places ZTO Express (Cayman) in the lower half of its industry. The industry median PS Ratio is 1.02. ZTO Express (Cayman)'s value of 2.59 is 153.9% above this benchmark. Historically, ZTO Express (Cayman)'s own PS Ratio has ranged from 2.30 to 8.03 over the past decade. While the company's 10-year median is 3.80 vs. the industry median of 1.02, 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 PS Ratio for a Transportation company?
The median PS Ratio among Transportation companies is 1.02, based on 995 companies in the industry. Companies in the top quartile (top 25%) have a PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ZTO Express (Cayman)'s current PS Ratio of 2.59 is 153.9% 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 PS Ratio mean?
A high PS Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on ZTO Express (Cayman) and its competitors. For the Transportation industry, the median PS Ratio is 1.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ZTO Express (Cayman)'s current PS Ratio is 2.59, which is 32% below median its own 10-year median of 3.80. 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?
ZTO Express (Cayman) (MEX:ZTO N) has a current PS Ratio of 2.59. The stock's GF Value™ is MXN537.38, compared to a current price of MXN426.00 — trading 20.7% below its estimated fair value. The current PS Ratio is 2.59, which is 32% below median its 10-year median of 3.80 and 153.9% above the Transportation industry median of 1.02. ZTO Express (Cayman)'s overall GF Score™ is 99/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PS Ratio calculated?
PS Ratio is calculated from a company's financial statements. For ZTO Express (Cayman) (MEX:ZTO N), the current PS Ratio is 2.59 as of Jul. 08, 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) (MEX:ZTO N) Overvalued in 2026?
Based on GuruFocus' analysis, ZTO Express (Cayman) stock appears to be undervalued.
The current stock price of MXN426.00 is trading 20.7% below its estimated GF Value™ of MXN537.38.
Key valuation signals for MEX:ZTO N:
PS Ratio: 2.59 (32% below median its 10-year median of 3.80)
GF Value™: MXN537.38 vs. price of MXN426.00 (20.7% below fair value)
Industry Position: 153.9% above the Transportation median (#774 of 995)
No single metric tells the full story. See the MEX:ZTO N 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.
99GF Score
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