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The Screen · Communication Services · Internet Content & Information
Zillow Group, Inc.
Z · Nasdaq · USD · Market cap $6.2B · 7,058 employees
Zillow Group operates a real estate application and website that connects consumers with technology, agents and loan officers, and digital solutions in the United States.
Positioning no disclosures inside 60 days, left as found
Options no verdict drawn today, left as found
Ethical passes the values gate
Price27.75 USD
Fair value51.44
Ethical score70.0/100
Our investment reviews on this name
2026-09-18Read Distribution32.50-14.6% to today ✓
2026-08-19Read Markup33.43-17.0% to today
2026-07-02Read Markdown32.03-13.4% to today ✓
Our analytic regime reads on this name, dated and marked against the screened price. Small sample per name, and separate from the daily-framework accuracy on the Track Record page.
Zillow Group, Inc. holds its Distribution at $27.75. The statistical read favours the sellers, held for 42 days.
As held on the ledger · 2026-10-01
Phase
Distribution · caution
Quantitative state
The statistical read favours the sellers, held for 42 days
Price at the screen
$27.75
Valuation
120.65 trailing · 9.95 forward price to earnings
Values screen
PASS· score 70.0
Beta
1.98
The Workings
Five Screens, Shown in Full
Full pass across all five screens. This security clears the Titan Ethical Standard: its business and its balance sheet both stay inside the lines.
Test
Figure
Limit
What it means
Status
Business activity
Permissible
Core business clean
Its core business isn't built on prohibited lines: no gambling, alcohol, tobacco, weapons, or interest-based lending.
Pass
Debt load
8.04%
Below 33%
Interest-bearing debt is just 8.0% of its assets, well under the one-third ceiling: it does not run on borrowed money.
Pass
Interest-bearing cash
9.27%
Below 33%
Cash held in interest-bearing accounts and securities is 9.3% of assets, under the one-third limit.
Pass
Receivables
16.13%
Below 49%
Money owed to the company is 16.1% of assets, under the 49% limit.
Pass
Revenue purity
0.00%
Below 5%
Only 0.0% of revenue comes from non-compliant sources, under the 5% line.
Pass
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
The Ethical Read
Why It Clears, in Plain English
Zillow Group, clears all five screens. Its business is in a permissible area, its interest-bearing debt is about 8%, inside the ~33% line, and almost none of its income is interest, so it passes.
Read as at 2026-10-04. It updates when the underlying figures move, and past reads are kept below.
Fair value range in USD, drawn from the 2026-10-01 screen. The gold marker is the market price at the same screen. A 85.4% margin of safety to the base estimate.
Third-party analyst targets: 6 covering, consensus Hold. The average target sits +50% from the screen price.
Reading the gap · Both our model and the analysts see meaningful upside from here.
Price History & Projections
Where it has been, where the models see it going. History from market close data; projection points are our fair-value estimates and third-party analyst targets, dated to the 2026-10-01 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The Business, in Plain Words
Zillow Links Homes But Profits Barely Register
Picture a first-time buyer scrolling listings on their phone while separate tabs handle mortgages and agents. Zillow sits in the middle, pulling those threads together across residential, rentals and mortgages. Revenue is rising 18 percent, yet the business still posts only a 2 percent profit margin and 1 percent return on equity.
The shares trade at 11.3 times forward earnings with an 80 percent gap to our fair value, yet the opportunity rating stays at none. Analyst consensus is a hold with a 56 target that already prices in modest improvement. Ethical screen passes, but the thin returns leave little room for error once housing volumes turn.
Real estate cycles can flatten growth quickly and an unknown moat offers scant protection if competitors copy the platform features. Low ROE at current scale suggests the model may stay capital intensive without stronger conversion to profit. Analysis, not advice.
The risks · The things to watch: it already moves more than the market on an average day.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
Z trades on Nasdaq. As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
The Dated Journal · Newest First, Never Edited
Every Entry, As Written
2026-10-02Distribution$27.75-14.6%Entry 6
The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 14.6% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it D. Technically it is sitting below its long-term trend line with momentum reading oversold. Over the past year the shares are down 53%. Our forward projection puts the odds of a 10% gain over the next month near 24%. The street (6 analysts) rates it hold, with a mean price target of $63.
The framework has shifted from markup to distribution since the last review. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 2.8% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it D. Technically it is sitting below its long-term trend line with momentum reading oversold. Over the past year the shares are down 53%. Our forward projection puts the odds of a 10% gain over the next month near 24%. The street (6 analysts) rates it hold, with a mean price target of $63.
2026-08-19Markup · changed$33.43+4.4%Entry 4
The framework has shifted from markdown to markup since the last review. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved up 4.4% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it D. Technically it is sitting below its long-term trend line with momentum reading oversold. Over the past year the shares are down 53%. Our forward projection puts the odds of a 10% gain over the next month near 24%. The street (6 analysts) rates it hold, with a mean price target of $63.
2026-07-18Markdown$32.03+0.0%Entry 3
The framework reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it D, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading oversold. Over the past year the shares are down 53%. Our forward projection puts the odds of a 10% gain over the next month near 24%. The street (6 analysts) rates it hold, with a mean price target of $63.
2026-07-03Markdown$32.03+0.0%Entry 2
The framework reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows modest positive risk-adjusted returns.
2026-07-02Markdown$32.03Entry 1
The framework reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows modest positive risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.