Stock fact sheet · data as of
Zillow Group, Inc. Class A (ZG): fair value, margin of safety and Wheel Score
Communication Services · Internet Content & Information · United States · Blend
Is ZG undervalued?
ZG closed at 29.27 on 16 Oct 2026, more than 30% above the GLS average fair value of 9.11. Only 0 of the 8 models that produced a value sit above the price. By our models the shares are priced well beyond what the filed earnings, cash flow and book value support; the Sunday Scan drops names like this at the "below fair value" rule.
There is a wide gap between GLS Growth (0.3667) and 10 Cap (26.93). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
The nightly engine files ZG under Blend.
Nine valuation models for ZG
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 2.13 | -93% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 10.13 | -65% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 13.80 | -53% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 6.03 | -79% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 0.3667 | -99% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 26.93 | -8% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 10.77 | -63% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | - | - | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend; no value tonight |
| EPV | 2.68 | -91% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | 5.87 | -80% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 48.60 | +66% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Zillow Group, Inc. Class A scores 6 of 9 on the Piotroski F-score: a middling result that passes the Sunday Scan's "6 or more" rule. Some of the nine tests on profitability, leverage and efficiency are failed, so the accounts are worth a look before selling a put on the name. A GLS Moat score of 3.4/10 is a weak reading: the ten-year history the score grades (revenue, EPS, book value, margins, cash flow, share count, ROIC) has not been steady, so the Moat part of the Wheel Score contributes little.
Returns on capital are thin or negative - ROIC 0.4%, ROE 0.5%, ROA 0.4% - with debt at 0.11 times equity and a free-cash-flow yield of 4.0%.
Zillow Group, Inc. Class A pays no dividend, so the DDM model does not apply and a covered-call holder earns only the premium and any price gain. Revenue comes mainly from Sales Revenue 45%, Residential Revenue 38%, Rental Revenue 17% (quarter Q2 FY2026).
Institutional ownership scores 2/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales; the last recorded insider buy was on 18 Sep 2026.
| Piotroski F-score | 6 / 9 | ROIC | 0.4% |
|---|---|---|---|
| GLS Moat | 3.4 / 10 | ROE | 0.5% |
| Debt / equity | 0.11 | ROA | 0.4% |
| Free-cash-flow yield | 4.0% | Payout ratio | 0% |
| Institutions | 2 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 52: Fair
A Wheel Score of 52 puts Zillow Group, Inc. Class A in the Fair band - below the 70 the Sunday Scan requires. Value 0/25, Health 13/20, Moat 5/15, Premium 18/20 and Stability 15/20; the weakest part is Value (0/25).
Implied volatility is 68% on the near-the-money contracts 20-60 days out - above the 60% ceiling of the sweet spot. Premiums are large, but the Wheel Score tapers the Premium points (18 of 20) because volatility this high usually comes with a reason. Chain open interest is 8,779 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 1.3M shares a day on a market cap of $6.6B, with a beta of 2.02 - a high beta, so the stock tends to move more than the market and a strike can be gapped through; the Stability part of the Wheel Score gives that 15 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 0 / 25 | -221% margin of safety | |
| Health | 13 / 20 | Piotroski 6/9 | |
| Moat | 5 / 15 | moat 3.4/10 | |
| Premium | 18 / 20 | implied volatility 68% | |
| Stability | 15 / 20 | 1.3M shares/day, $6.6B cap, beta 2.02 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
Zillow Group, Inc. Class A reports earnings on 29 Oct 2026 (after the close) - inside the 14-day window the Sunday Scan avoids, because a put sold now would carry the report's gap risk.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Internet Content & Information
The 12 companies below are the closest to Zillow Group, Inc. Class A by market cap within the Internet Content & Information industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| Z Zillow Group, Inc. Class C | 28.33 | 8.96 | -216% | 53Fair | $6.4B |
| BILI Bilibili Inc. | 14.43 | 67.97 | +79% | 80Prime | $5.9B |
| BZ Kanzhun Limited | 16.37 | 74.76 | +78% | 91Prime | $7.8B |
| MTCH Match Group, Inc. | 44.10 | 91.45 | +52% | 88Prime | $10.1B |
| SNAP Snap Inc. | 6.10 | 9.40 | +35% | 45Weak | $10.3B |
| JOYY JOYY, Inc. Sponsored ADR Class A | 83.16 | 90.96 | +9% | 68Good | $4.1B |
| TME Tencent Music Entertainment Group | 8.48 | 41.25 | +79% | 83Prime | $12.2B |
| PINS Pinterest, Inc. | 21.76 | 20.04 | -9% | 69Good | $13.8B |
| PPLI People Incorporated | 40.56 | 41.70 | +3% | 65Good | $3.0B |
| CARG CarGurus, Inc. | 30.30 | 44.87 | +32% | 86Prime | $2.7B |
| RUM Rumble Inc. | 6.04 | - | - | 45Weak | $2.6B |
| DJT Trump Media & Technology Group Corp. | 7.40 | 0.6531 | -1033% | 40Weak | $2.1B |
⚖ Compare ZG with 7 of them All Communication Services stocks →
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Start free See the Sunday ScanQuestions about ZG
Is ZG undervalued right now?
No: at 29.27 the stock trades 221% above the GLS average fair value of 9.11 (data as of 16 Oct 2026), well beyond what trailing earnings, cash flow and book value support.
What is the Wheel Score of ZG and what does it mean?
ZG scores 52 out of 100 (Fair). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for ZG?
9.11 per share as of 16 Oct 2026 - the simple average of the 8 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Zillow Group, Inc. Class A report earnings next?
The next earnings report is due on 29 Oct 2026 (after the close), 13 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does ZG have listed options, and how liquid are they?
Yes. The nightly snapshot found 122 listed contracts with 8,779 open interest across all expiries and implied volatility of 68% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.