# Ermenegildo Zegna N.V. (ZGN) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Consumer Cyclical / Textiles, Apparel & Luxury Goods. Price $12.56, market value $5.3 billion.

## Valuation
- **P/E (trailing): 35.9×** (5-yr avg 31.1×, 3-yr avg 25.6×). Ermenegildo Zegna N.V. trades at 35.9× trailing earnings, close to its own five-year average of 31.1×. The Consumer Cyclical median in the September 2026 study was 19.5×. Forward P/E is 20.2×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.76**. A PEG of 0.76 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 2.4×**. Each dollar of revenue is priced at 2.4×.
- **Price / book: 2.9×**. The shares trade at 2.9× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 11.8×**. Enterprise value is 11.8× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 5.6%** (5-yr avg 8.1%). Free cash flow equals 5.6% of the market value, below its five-year average of 8.1%, so the shares are pricier on cash than usual. Above 5% is generally attractive.
- **Earnings yield: 2.8%**. The inverse of the P/E: 2.8% of the price is earned each year.

## Profitability
- **Gross margin: 67.5%**. Ermenegildo Zegna N.V. keeps 67.5% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 7.3%**. 7.3% of revenue is left after running the business.
- **Net margin: 5.7%**. 5.7% of each dollar of sales reaches the bottom line.
- **Return on equity: 10.0%**. 10.0% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 10.6%**. Return on all capital, debt included, is 10.6%.
- **Return on assets: 3.9%**. Each dollar of assets produces 3.9% of profit.

## Growth
- **Revenue growth (1 yr): -1.5%** (3-yr 8.7%/yr, 5-yr 13.6%/yr). Revenue fell 1.5% over the last year, against 13.6% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): 26.7%** (3-yr 21.9%/yr). Earnings per share rose 26.7%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): 37.9%/yr**. Free cash flow has compounded at 37.9% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 0.15**. Debt is 0.15 times equity: a conservative balance sheet.
- **Net debt / EBITDA: net cash**. Ermenegildo Zegna N.V. holds more cash than debt.
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 1.09%** ($0.14 per share, trailing). Ermenegildo Zegna N.V. yields 1.09%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 28%** (12% of free cash flow). 28% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 4**. 4 straight years of increases.

## Analyst view
- **Analyst consensus: buy** (12 analysts). 12 analysts cover Ermenegildo Zegna N.V.; the consensus is buy, with an average price target of $14.67 (+17% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 45.6%** (YTD 23.8%, 3-mo -13.4%). The shares are up 45.6% over twelve months including dividends.
- **From 52-week high: -21.3%** (45.4% above the low). Trading 21% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 31**. An RSI of 31 is neutral.
- **Beta (1 yr): 1.37** (volatility 43%). Beta of 1.37 against the S&P 500: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=ZGN · Page: https://foliofundamentals.com/stocks/zgn

Not investment advice.