Market Capitalization & Enterprise Value
Research-grade valuation history for ZH. Track market capitalization versus enterprise value to see the impact of net debt and share changes. Use the interactive chart to explore different horizons; the table updates accordingly to support auditability and export.
Market Cap & Enterprise Value
Comparison of market capitalization and enterprise value over time
Market Cap
Enterprise Value
Market Cap History
Investor Valuation Insights
As of Mar 31, 2026EV/EBITDA
24.17x
Higher EV/EBITDA may imply premium pricing; growth durability should justify the multiple.
EV vs Market Cap Spread
-3.30B
EV is -179.8% vs equity value
Capital Structure Signal
Net Cash Profile
EV premium trend: -177.4 pp vs earliest data
Additional Multiples
EV/Sales: -2.33x
Net Debt/EBITDA: 47.41x
Share count change in dataset: -19.23%
Interpretation guide: EV/EBITDA compares total firm value (debt + equity - cash) to operating earnings. Lower is usually cheaper, but always benchmark against peers, growth rate, margins, and cyclicality.
Market Cap & Enterprise Value Data
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| Date | Market Cap | Enterprise Value | Stock Price | Shares |
|---|---|---|---|---|
| Dec 31, 2025 | 1.84B | -1.47B | $22.94 | 80.01M |
| Dec 31, 2024 | 2.36B | -1.62B | $25.84 | 91.42M |
| Dec 31, 2023 | 3.77B | 1.71B | $37.83 | 99.61M |
Dec 31, 2022 | — | — | — | — |
Dec 31, 2021 | — | — | — | — |
Dec 31, 2020 | — | — | — | — |
Dec 31, 2019 | — | — | — | — |