Is Zillow Group, Inc. Class C stock overvalued based on its P/E ratio?
On this page, Z's current P/E is 128.7, compared with a multi-year average around 128.7. When the current P/E sits near its historical average, valuation may be broadly "in line." Investors typically then focus on trend direction (whether profitability and cash-flow metrics are improving) and balance-sheet risk (liquidity and leverage) rather than treating the P/E in isolation.