Stocktoria

ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/ ZION

Nasdaq · stock · National Commercial Banks · website · IPO 1966-01-01

ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/ statistics & valuation

Market cap$9.8B
P / E10.9×
P / S14.8×
P / B1.4×
P / FCF10.3×
Dividend yield2.72%
Net margin135.8%
Return on equity12.5%
FCF margin143.8%
Graham number +12.8%$81.09

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($81.09); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
174.00% 155.40% 98.20% 196.30% 147.70% 110.40% 122.70% 135.80% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
2016201720182019202020212022202320242025
Return on equity (%)
11.70% 11.10% 6.80% 15.10% 18.50% 11.90% 12.80% 12.50% 2016201720182019202020212022202320242025
Shares outstanding
204.3M 209.7M 206.5M 186.5M 165.6M 160.2M 150.3M 148.2M 147.9M 147.7M 2016201720182019202020212022202320242025
Net debt ($)
$535.0M $383.0M $724.0M $1.72B $1.34B $1.01B $651.0M $542.0M $946.0M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
1.30% 1.20% 0.70% 1.20% 1.00% 0.80% 0.90% 1.00% 2016201720182019202020212022202320242025
Free cash flow margin (%)
206.10% 110.50% 99.80% 73.60% 208.50% 125.30% 164.50% 143.80% 2016201720182019202020212022202320242025
Debt / equity (×)
0.07× 0.05× 0.10× 0.23× 0.17× 0.14× 0.13× 0.10× 0.15× 2016201720182019202020212022202320242025
EPS ($)
$1.99 $2.60 $4.08 $4.16 $3.02 $6.79 $5.79 $4.35 $4.95 $6.01 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/ trades at about 12× earnings — near its 10-year norm (10-year range 9.2×–21.2×, median 11.7×).

9.2× 21.2×

Shaded band = 10-year range (9.2×–21.2×); dot = today's 12×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Net margin135.8%122.7%110.4%147.7%196.3%98.2%155.4%174.0%——
FCF margin143.8%164.5%125.3%208.5%73.6%99.8%110.5%206.1%——
Return on assets1.0%0.9%0.8%1.0%1.2%0.7%1.2%1.3%——
Return on equity12.5%12.8%11.9%18.5%15.1%6.8%11.1%11.7%——
Debt / equity—0.15×0.10×0.13×0.14×0.17×0.23×0.10×0.05×0.07×

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.