Zscaler, Inc. (ZS) Fair Value 2026 — DCF & Multi-Method Analysis | EvidInvest | EvidInvest

ZS — Fair Value Analysis

Zscaler, Inc.

Current: $147.30Overvalued

Fair Value Range

Bear Case (25th pct.)

$-17.27

-111.7% vs price

Base Case (Median)

$7.28

-95.1% vs price

Bull Case (75th pct.)

$65.83

-55.3% vs price

$-17.27$7.28$65.83

◇ = Current price | |Bear |Base | Bull

Method Breakdown

Method	Est. Value	vs Price	Weight
DCF (Discounted Cash Flow)	$-41.83	-128.4%	High (40%)
EV/EBITDA	$7.28	-95.1%	Medium (20%)
EV/FCF	$124.38	-15.6%	Medium (20%)

Interpretation

Based on 3 out of 8 methods, ZS appears overvalued at the current price of $147.30. The base case fair value of $7.28 implies 95.1% downside.

Bear/base/bull cases represent the 25th, 50th, and 75th percentile of available method estimates. This is not financial advice. Valuation is inherently uncertain.