Zoom Communications, Inc. (ZM)

Services-Computer Programming, Data Processing, Etc.

Latest Price

$98.04

TTM P/E

9.09

Normalized P/E

23.24

TTM Div Yield

Fwd Div Yield

Book Value

38.59

P/B Ratio

2.54

Valuation metrics

EPS: $6.18

Book value / share: $31.91

Formula: √(22.5 × EPS × BVPS)

Graham Number

$66.62

32% downside

Norm. op. income: $660M (median of 7yr)

Tax rate: 22%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$20.81

79% downside

Base FCF: $1.5B (median of recent 5yr)

Growth: 15%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$171.19

+75% upside

EPS: $6.18

Target P/E: 23×

Formula: EPS × P/E

P/E Fair Value

$142.14

+45% upside

71.1% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	18.46M	$1.59B	6.28%	+678.3K	2026-06-30
Vanguard Portfolio Management LLC	13.11M	$1.13B	4.46%	-293.9K	2026-06-30
Vanguard Capital Management LLC	11.54M	$996.0M	3.93%	+51.4K	2026-06-30
JPMorgan Chase & Co	8.56M	$737.0M	2.92%	+3.74M	2026-06-30
Norges Bank	7.97M	$687.0M	2.71%	+2.06M	2026-06-30
State Street Corp	7.56M	$652.0M	2.58%	-266.1K	2026-06-30
FMR LLC	7.20M	$621.0M	2.45%	-462.0K	2026-06-30
AQR Capital Management LLC	6.53M	$563.0M	2.22%	-1.83M	2026-06-30
Geode Capital Management, LLC	6.15M	$534.0M	2.09%	+883.5K	2026-06-30
T. Rowe Price Investment Management, Inc.	3.75M	$323.0M	1.28%	-428.6K	2026-06-30