# Zions Bancorporation N.A. (ZION) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Financial Services / Banks. Price $69.37, market value $10.1 billion.

## Valuation
- **P/E (trailing): 8.8×** (5-yr avg 8.9×, 3-yr avg 9.8×). Zions Bancorporation N.A. trades at 8.8× trailing earnings, close to its own five-year average of 8.9×. The Financial Services median in the September 2026 study was 13.1×. Forward P/E is 10.2×, higher than trailing, so analysts expect earnings to fall.
- **PEG: 0.48**. A PEG of 0.48 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 17.4×**. Each dollar of revenue is priced at 17.4×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 1.3×**. The shares trade at 1.3× book value; book value is a meaningful part of the valuation.
- **Free-cash-flow yield: 16.6%** (5-yr avg 12.5%). Free cash flow equals 16.6% of the market value, above its five-year average of 12.5%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 11.3%**. The inverse of the P/E: 11.3% of the price is earned each year.

## Profitability
- **Net margin: 169.9%**. 169.9% of each dollar of sales reaches the bottom line.
- **Return on equity: 12.5%**. 12.5% on shareholders' equity is solid.
- **Return on assets: 1.3%**. Each dollar of assets produces 1.3% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): 3.1%** (3-yr 2.2%/yr, 5-yr 5.6%/yr). Revenue grew 3.1% over the last year, against 5.6% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): 21.4%** (3-yr 1.3%/yr, 5-yr 14.8%/yr). Earnings per share rose 21.4%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): -9.4%/yr**. Free cash flow has compounded at -9.4% a year over three years, lagging earnings: check whether profits are turning into cash.

## Financial health
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 2.77%** ($1.80 per share, trailing). Zions Bancorporation N.A. yields 2.77%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 30%** (16% of free cash flow). 30% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 15**. 15 straight years of increases, a record that survived at least one recession.
- **Dividend growth (5 yr): 5.3%/yr** (1-yr 6.0%). The dividend has grown 5.3% a year over five years.

## Analyst view
- **Analyst consensus: hold** (21 analysts). 21 analysts cover Zions Bancorporation N.A.; the consensus is hold, with an average price target of $74.95 (+8% 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): 22.2%** (YTD 20.3%, 3-mo 9.7%). The shares are up 22.2% over twelve months including dividends.
- **From 52-week high: -5.4%** (50.2% above the low). Trading 5% 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): 52**. An RSI of 52 is neutral.
- **Beta (1 yr): 0.93** (volatility 30%). Beta of 0.93 against the S&P 500: the shares move roughly with the market.

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

Not investment advice.