Zions Bancorporation N.A. (ZION) Valuation
Historical valuation analysis based on 500 data points (2024-09-27 to 2026-09-25)
Zions Bancorp is a US regional bank with around $90 billion in total assets as of June 30, 2026. Headquartered in Salt Lake City, Utah, Zions' branch network is in the Western and Southwestern Unit...
Zions Bancorporation N.A. (ZION) currently trades at a P/E ratio of 9.76 (historical range: 7.62–13.09, median: 10.04), placing it at the 41th percentile — near its historical average, P/S ratio of 1.91 (range: 1.22–2.19, 84th percentile — expensive relative to its history).
Zions Bancorporation N.A. trades above its historical valuation range, with most metrics above their median levels.
Historical Valuation Metrics
| Metric | Current | Min | Median | Max | Percentile | Assessment |
|---|---|---|---|---|---|---|
| P/E Ratio | 9.76 | 7.62 | 10.04 | 13.09 | 41th | near its historical average |
| P/S Ratio | 1.91 | 1.22 | 1.69 | 2.19 | 84th | expensive relative to its history |
| FCF Yield | 12.76% | 3.17% | 11.35% | 15.93% | 76th | below its historical average |
Zions Bancorporation N.A. (ZION) Valuation & P/E History
Zions Bancorporation N.A. (ZION) is a US-listed stock operating in the Financial Services sector, specifically the National Commercial Banks industry currently trading at $63.19 with a market capitalization of $9.2 billion. This page provides historical valuation analysis for ZION based on 500 data points covering 2024-09-27 to 2026-09-25. The P/E ratio of 9.76 is below the historical median of 10.04, placing ZION at the 41th percentile of its valuation range. The P/S ratio of 1.91 compares to a median of 1.69.
ZION Valuation Metrics & Historical Range
The valuation table above shows Zions Bancorporation N.A.'s current and historical valuation multiples, including P/E ratio, P/S ratio, EV/EBITDA, FCF yield, and dividend yield. Each metric is compared to its own historical range to determine whether ZION is currently trading above or below its typical valuation levels.
- P/E ratio: Price-to-earnings measures how much investors pay per dollar of earnings. A P/E above the historical median suggests ZION is expensively valued; below the median suggests it is cheap.
- P/S ratio: Price-to-sales is useful for companies with volatile or negative earnings. Lower P/S relative to history may indicate value.
- EV/EBITDA: Enterprise value to EBITDA adjusts for debt and cash, providing a capital-structure-neutral valuation measure for Zions Bancorporation N.A..
- FCF yield: Free cash flow yield shows the cash return relative to market price. Higher yields may indicate undervaluation.
Is ZION Overvalued or Undervalued?
Zions Bancorporation N.A. trades above its historical valuation range, with most metrics above their median levels. The overall valuation percentile of 63 combines P/E, P/S, and EV/EBITDA percentiles into a single measure of how expensive ZION is relative to its own history. A percentile below 25 suggests the stock may be undervalued, while a percentile above 75 suggests it may be overvalued.
However, valuation is only one factor in investment decisions. A stock can remain "overvalued" for years if growth accelerates, or "undervalued" if the business deteriorates. Always combine valuation analysis with financial statement analysis and the full ZION analysis page for a complete picture.
Valuation data is computed from historical price and fundamental data via Polygon.io and Finnhub.ZION trades on NYSE. This page is for informational purposes only and is not financial advice.