Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
FY 2026 · View financials
Decision snapshot: MSFT stock price vs ZS: inconclusive Relative valuation is incomplete for this pair. Review the available filing metrics before drawing a conclusion.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at ZS's multiple
Needs ZS P/E.
Implied fair value · at MSFT's multiple
Needs EPS (TTM) is negative.
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Price unavailable
Metric by metric
Where each company leads, and how wide the gap is.
Growth lag
Pricing power
Operating leverage
Lower is better
Not comparable
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: MSFT FY 2026 (ended Jun 30, 2026) · ZS FY 2026 (ended Jul 31, 2026). Fiscal years are not aligned.
Trendline
Five fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Capital structure 99% equity / 1% debt · EV / Revenue 10.74x · EV / EBITDA 17.14x
Price framework
Discounted free cash flow, then bridged to a per-share price. Same assumptions applied to both companies.
MICROSOFT CORPORATION · implied price per share
Bear
$216.80
Base
$255.06
Bull
$293.32
Zscaler Inc · implied price per share
Bear
-$3.61
Base
-$4.25
Bull
-$4.89
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Debt / equity
Total debt against shareholders' equity
0.11x
0.44x
Net debt / EBITDA
Leverage against operating earnings
-0.13x
1.77x
Cash and equivalents
Liquid reserves on the balance sheet
$76.84B
$928.35M
Total debt
Interest-bearing obligations outstanding
Comparable set
Where the pair sits against the wider comparable set.
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$49.52B
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Edwyn research
LLM-powered synthesis
An on-demand narrative read of the same deterministic data.
Based on an earlier data snapshot. Review the filing dates below or refresh after signing in.
If you believe MSFT's profitability and capital efficiency deserve a premium over ZS's faster growth, then avoid chasing the relative ZS-implied upside because the data suggests MSFT is already richer than ZS model implies while still fundamentally much stronger.
MSFT's current price of $464.72 is 12.0% above ZS-implied price of $408.76, suggesting the stock is not cheap on this relative basis. The valuation gap is driven more by ZS's higher top-line growth than by its weaker profitability, while MSFT carries much stronger earnings power and capital efficiency.
Supporting Metrics
