Zions Bancorp NAZION -0.27%66 PS Ratio is 2.96 as of Jun. 29, 2026, which is 5% above its 10-year median of 2.83. GuruFocus rates ZION with a GF Score™ of 66/100 and a GF Value™ of $53.86 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,519 Banks companies, Zions Bancorp NA ranks better than 50.82% 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, Zions Bancorp NA's share price is $69.15.
Zions Bancorp NA's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was $23.38. Hence, Zions Bancorp NA's PS Ratio for today is 2.96.
Warning Sign:
Zions Bancorp NA stock PS Ratio (=2.96) is close to 3-year high of 2.96.
The historical rank and industry rank for Zions Bancorp NA's PS Ratio or its related term are showing as below:
ZION'
s PS Ratio Range Over the Past 10 Years
Min: 1.01 Med: 2.83 Max: 4.58
Current: 2.96
During the past 13 years, Zions Bancorp NA's highest PS Ratio was 4.58. The lowest was 1.01. And the median was 2.83.
ZION's PS Ratio is ranked better than 50.82% of 1519
companies
in the Banks industry
Industry Median: 2.98
vs ZION: 2.96
Zions Bancorp NA has shown predictable revenue and earnings growth.
During the past 12 months, the average Revenue per Share Growth Rate of Zions Bancorp NA was 8.50% per year.
During the past 3 years, the average Revenue per Share Growth Rate was 3.10% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 6.00% per year.
During the past 10 years, the average Revenue per Share Growth Rate was 8.70% per year.
During the past 13 years, Zions Bancorp NA's highest 3-Year average Revenue per Share Growth Rate was 22.30% per year. The lowest was -16.70% per year. And the median was 7.25% per year.
Back to Basics: PS Ratio
Zions Bancorp NA (NAS:ZION) 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.
Zions Bancorp NA PS Ratio Related Terms
Zions Bancorp NA PS Ratio Historical Data
* Premium members only.
The historical data trend for Zions Bancorp NA'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.
For the Banks - Regional subindustry, Zions Bancorp NA'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.
Zions Bancorp NA PS Ratio vs Banks Industry
For the Banks industry and Financial Services sector, Zions Bancorp NA's PS Ratio distribution charts can be found below:
* The bar in red indicates where Zions Bancorp NA'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.
Zions Bancorp NA's Share Price of today is $69.15. Zions Bancorp NA'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 $23.38.
* 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:
Zions Bancorp NA (ZION) has a PS Ratio of 2.96 as of Jun. 29, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Zions Bancorp NA and its competitors. This is near median its historical median of 2.83. Over the past decade, Zions Bancorp NA's PS Ratio has ranged from 1.01 to 4.58. According to the industry distribution chart, Zions Bancorp NA ranks #747 out of 1519 companies in the Banks industry, placing it in the top 49.2%.
Is Zions Bancorp NA's PS Ratio too high?
Zions Bancorp NA's current PS Ratio of 2.96 is near median its 10-year median of 2.83. Over the past 10 years, this metric has ranged from a low of 1.01 to a high of 4.58. The Banks industry median PS Ratio is 2.98. Zions Bancorp NA's value of 2.96 is 0.7% below this industry median. Based on the distribution chart, Zions Bancorp NA ranks #747 out of 1519 companies in the Banks industry, which is above the industry midpoint. Overall, Zions Bancorp NA has a GF Score™ of 66/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Zions Bancorp NA's PS Ratio compare to ONB and SSB?
According to the Banks industry distribution chart, Zions Bancorp NA ranks #747 out of 1519 companies for PS Ratio. This puts Zions Bancorp NA in the upper half of its industry. The industry median PS Ratio is 2.98. Zions Bancorp NA's value of 2.96 is 0.7% below this benchmark. Historically, Zions Bancorp NA's own PS Ratio has ranged from 1.01 to 4.58 over the past decade. While the company's 10-year median is 2.83 vs. the industry median of 2.98, Zions Bancorp NA 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 PS Ratio for a Banks company?
The median PS Ratio among Banks companies is 2.98, based on 1,519 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. Zions Bancorp NA's current PS Ratio of 2.96 is 0.7% 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 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 Zions Bancorp NA and its competitors. For the Banks industry, the median PS Ratio is 2.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zions Bancorp NA's current PS Ratio is 2.96, which is near median its own 10-year median of 2.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zions Bancorp NA stock overvalued right now?
Based on GuruFocus' analysis, Zions Bancorp NA (ZION) is currently considered Modestly Overvalued. The stock's GF Value™ is $53.86, compared to a current price of $69.15 — trading 28.4% above its estimated fair value. The current PS Ratio is 2.96, which is near median its 10-year median of 2.83 and 0.7% below the Banks industry median of 2.98. Zions Bancorp NA's overall GF Score™ is 66/100 with 6 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 Zions Bancorp NA (ZION), the current PS Ratio is 2.96 as of Jun. 29, 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 Zions Bancorp NA (ZION) Overvalued in 2026?
Based on GuruFocus' analysis, Zions Bancorp NA stock appears to be overvalued.
The current stock price of $69.15 is trading 28.4% above its estimated GF Value™ of $53.86.
GuruFocus considers Zions Bancorp NA to be Modestly Overvalued.
Key valuation signals for ZION:
PS Ratio: 2.96 (near median its 10-year median of 2.83)
GF Value™: $53.86 vs. price of $69.15 (28.4% above fair value)
Industry Position: 0.7% below the Banks median (#747 of 1519)
No single metric tells the full story. See the ZION stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zions Bancorp is a US regional bank with around $90 billion in total assets as of March 31, 2026. Headquartered in Salt Lake City, Utah, Zions' branch network is in the Western and Southwestern United States and includes seven affiliate banks in these markets. The bank has a heavy focus on small and midsize commercial banking.
66GF Score
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