Zoom Communications, Inc. (ZM) Fair Value 2026

ZM · Software - Application ·

By CirclFi Research Team · Data from SEC EDGAR, FRED & GDELT

Quality Score

9.6 /10

32 fundamental signals · 10 models active

Value Trap Risk

SAFE (0/100)

Quick Summary — As of 2026-08-28, Zoom Communications, Inc. (ZM) trades at $98.43, versus a $95.13 median fair value across its 10 active models — 3.4% below the current price. QOC: 9.6/10. Value Trap Risk: 0/100 (SAFE). 10/13 models active. Within that set, the Bayesian DCF component alone returns $137.49.

Key Facts

Ticker
ZM
Price
$98.43
Quality Score
9.6/10
Value Trap Risk
0/100
Models Active
10/13
Last Updated
Strength: Bayesian DCF suggests +39.7% upside with 66% confidence
Risk: Limited model coverage (10/13) may reduce confidence

Is Zoom Communications, Inc. (ZM) Undervalued or Overvalued in 2026?

According to CirclFi’s 10-model valuation engine, Zoom Communications, Inc. (ZM) appears fairly valued as of : the median of 10 independent fair value estimates is $95.13, within 3.4% of the current price of $98.43. Estimates range from $18.62 to $137.49. ZM scores 9.6/10 on fundamental quality and 0/100 on value-trap risk.

For context, the median US equity CirclFi rates trades at an implied -23.4% versus its own 13-model consensus, across 3,809 rated companies as of 2026-08-28. ZM’s -3.4% gap is narrower than that market norm, and the Software - Application sector median is -25.7%. Full market index →

This verdict compares price to intrinsic value only — it is not a buy or sell rating. For the decision case (bull vs bear arguments, risk factors, peers), read Should You Buy Zoom Communications, Inc. Stock in 2026? →

What Fair Value Does Each Model Give ZM?

10 Intrinsic Value Models vs. Current Price ($98.43)

Core Models (Unlocked)
Model Fair Value Upside
Intrinsic · High Conviction
 $137.49 +39.7%
Ensemble · Medium Conviction
 $93.75 -4.8%
Scenario · High Conviction
 $100.04 +1.6%
Intrinsic · High Conviction
 $43.99 -55.3%
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What Is ZM's Fair Value Range?

Spread across 10 independent models · $18.62 to $137.49

CirclFi's 10 active models place Zoom Communications, Inc. (ZM) between $18.62 and $137.49 per share, a spread of 125% of the median. The median of that range — $95.13 — is the fair value CirclFi publishes for ZM, against a current price of $98.43.

Low · Dynamic NAVHigh · Bayesian DCF
$18.62median $95.13$137.49
Where the range comes from
Most bearish modelDynamic NAV$18.62
Most bullish modelBayesian DCF$137.49
Model agreement2 bullish · 4 bearishwide

A band this wide is itself the finding. When independent methods land far apart, they are reading a business whose value depends heavily on which lens you apply — volatile earnings, heavy reinvestment, or an asset base that cash-flow and asset-based methods score differently. That disagreement is information: it says the choice of method matters more than usual for ZM. Treat the median as one reading among several and compare the individual models below before acting.

Every figure above is one model's standalone output on ZM, not a CirclFi price target. How each model works →

What Is Zoom Communications, Inc. (ZM) Worth in 2026?

According to the CirclFi Deep Alpha Valuation Engine, Zoom Communications, Inc. presents a highly debated valuation profile at its current price of $98.43. The median intrinsic value is estimated at $95.13 (-3.4% median upside), masking a wide model spread between the 2 bullish models and 4 bearish models. Model dispersion is worth noting: Bayesian DCF targets $137.49 (+39.7%), versus Dynamic NAV at $18.62 (-81.1%). This +120.8% range highlights the importance of multi-model analysis rather than relying on any single methodology.

What Do the Models Say About ZM?

10 of 13 models are currently active for ZM. Of these, 3 models suggest upside while 7 models suggest overvaluation. Taken together, their median fair value for ZM is $95.13 — the figure CirclFi publishes as this stock's fair value. One component of that median, the Bayesian DCF, returns $137.49 on its own, implying +39.7% upside from the current price. See which stocks rank higher →

How Does ZM Rank in Software - Application?

Among 263 Software - Application stocks, ZM ranks #4 by Quality of Company score. CirclFi's QOC score of 9.6/10 evaluates 32 fundamental signals. A score of 9.6 places ZM in the top tier.

See all Most Undervalued Software - Application Stocks →

As a digital enterprise, Zoom Communications, Inc. operates in a sector where gross margin profile is a critical driver of valuation. Investors evaluating ZM should weigh these sector-specific dynamics alongside our model-derived fair values.

Is ZM a Value Trap?

CirclFi's Value Trap algorithm assigns ZM a score of 0/100 (SAFE). This indicates minimal risk. Fundamentals are healthy. The score cross-references apparent undervaluation against fundamental deterioration signals. Browse lowest value-trap stocks →

Multi-Model Methodology

10 of 13 models are active for Zoom Communications, Inc.. Broad coverage provides high confidence. Each model applies a fundamentally different valuation philosophy. See the complete methodology →

According to the CirclFi 32-factor quality framework, Zoom Communications, Inc.'s fundamental quality profile registers 9.6/10. This exceptional score captures the company's profitability depth, growth consistency, balance sheet resilience, and shareholder return track record.

The gap between the most bullish and bearish model spans +120.8% — demonstrating why single-model analysis is dangerous. Browse all stocks with 13-model coverage →

Data Sources & Confidence

Every ZM valuation is built from SEC EDGAR XBRL filings — 700+ standardized financial tags. Macroeconomic context from FRED calibrates discount rates, while GDELT news sentiment feeds into our Sentiment SOTP model. All pipelines run daily. Read the complete data methodology →

Across ZM's 10 active models, average confidence is 49%. Lower confidence may reflect limited history or high volatility.

CirclFi's output is a research starting point, not a buy/sell signal. All data updates daily. Read the full methodology →

This analysis is produced by the CirclFi Valuation Engine using quantitative models applied to SEC EDGAR filings, public market feeds, and FRED macroeconomic indicators. It is not financial advice.

Read the full investment analysis: Should You Buy Zoom Communications, Inc. Stock in 2026? →

Bull case, bear case, risk factors & peer comparison — updated daily

Which Similar Software - Application Stocks Should You Also Analyze?

9 related Software - Application stocks with 13-model coverage

PAYCPaycom Software, Inc.QOC 9.7PCTYPaylocity Holding CorporationQOC 9.6PTCPTC Inc.QOC 9.8MANHManhattan Associates, Inc.QOC 9.6ADSKAutodesk, Inc.QOC 9.9IDCCInterDigital, Inc.QOC 9.5HITHealth In Tech, Inc.QOC 8.1INLXIntellinetics, Inc.QOC 6.7KWIKKwikClick, Inc.QOC 4.9

Read investment analysis: PAYC · PCTY · PTC · MANH · ADSK · IDCC · HIT · INLX · KWIK

Which Other Stocks Have a Similar Quality Score to ZM?

7 companies across all industries closest to ZM’s Quality of Company score of 9.6/10.

NSSCNapco Security Technologies, Inc.QOC 9.6PODDInsulet CorporationQOC 9.6QLYSQualys, Inc.QOC 9.7CRDOCredo Technology Group Holding LtdQOC 9.6USLMUnited States Lime & Minerals, Inc.QOC 9.7OMABGrupo Aeroportuario del Centro Norte, S.A.B. de C.V.QOC 9.6NVDANVIDIA CorporationQOC 10.0

Read investment analysis: NSSC · PODD · QLYS · CRDO · USLM · OMAB · NVDA

Where Does ZM Sit in CirclFi's Software - Application Rankings?

ZM is ranked against every other Software - Application stock CirclFi covers in each of these screens.

See all Software - Application stocks ranked →

What Else Do Investors Ask About Zoom Communications, Inc.’s Valuation?

What is Zoom Communications, Inc.'s intrinsic value in 2026?

CirclFi puts Zoom Communications, Inc. (ZM)'s intrinsic value at $95.13 — the median of 10 independent model estimates as of 2026-08-28, ranging from $18.62 to $137.49. One component of that median, the Bayesian DCF, runs 10,000 Monte Carlo simulations with jump-diffusion and returns $137.49 on its own. The Quality of Company score is 9.6/10 across 32 fundamental signals. All models use SEC EDGAR filings updated daily. See our methodology page for how each model works.

Is ZM overvalued or undervalued right now?

At $98.43, 3 of 10 active models suggest ZM may be undervalued, while 7 indicate potential overvaluation. The median of all 10 fair value estimates is $95.13, within 3.4% of the current price of $98.43 — a consensus view that ZM is fairly valued. The assessment depends on which methodology best fits Zoom Communications, Inc.'s business model in Software - Application.

What does a Quality of Company score of 9.6 mean for ZM?

Zoom Communications, Inc.'s QOC of 9.6/10 reflects 32 fundamental signals: profitability margins, revenue growth consistency, balance sheet leverage, free cash flow generation, and capital allocation efficiency. Scores above 7 indicate strong fundamentals and disciplined management.

How many valuation models does CirclFi run on ZM?

CirclFi analyzes ZM with 13 institutional-grade models daily: Bayesian DCF (Monte Carlo + jump-diffusion), EPV (Greenwald zero-growth), EROIC Spread (McKinsey reinvestment), First Chicago (3-scenario), Markov DDM (regime-switching), ML-RIV (machine learning residual income), Dynamic NAV (asset-based), PWERM (option-theoretic), Regime Cross-Sectional (relative), Sentiment SOTP (hybrid), CUCE Ensemble (meta-model), FTNN Topology (neural network), and RCMH-DCF (conditional regime). Currently 10 of 13 are active for this stock. Read the full methodology →

Which valuation models are most bullish and most bearish on ZM?

Of the 10 models currently active on ZM, Bayesian DCF is the most bullish at $137.49 per share, and Dynamic NAV is the most bearish at $18.62. CirclFi's published fair value for ZM is the median of that range, $95.13, not either extreme. The gap between the two ends equals 125% of the median — a wide spread, meaning the methods genuinely disagree and the median should carry less weight. Browse stocks by value-trap risk →

Is ZM a value trap in 2026?

Zoom Communications, Inc.'s Value Trap score is 0/100 (SAFE). This low score indicates the current valuation is not artificially depressed by fundamental deterioration, suggesting genuine opportunity rather than a trap.

Cite this analysis — “According to CirclFi’s 10-model valuation engine, Zoom Communications, Inc. (ZM) has a median fair value of $95.13 — within 3.4% of the current price of $98.43 — as of 2026-08-28.” Source: circlfi.com/stock/ZM/ · Methodology
Primary sources for this ZM valuation
  • Financial statements: Zoom Communications, Inc. 10-K and 10-Q filings on SEC EDGAR (CIK 0001585521) — 700+ standardized XBRL tags, published by the U.S. Securities and Exchange Commission.
  • Discount-rate inputs: FRED, Federal Reserve Bank of St. Louis — risk-free rates, VIX, yield curve, inflation.
  • News sentiment: The GDELT Project — global media tone, input to the Sentiment SOTP model.
  • Model definitions: CirclFi methodology — the published specification for all 13 models, including the academic sources each one implements.

Market data for ZM as of ; valuations recomputed .

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