Is ZGN a good stock to buy right now?

Based on our 6-factor quantitative model, Ermenegildo Zegna N.V. (ZGN) receives a "Hold" rating with a composite score of 51.1/100. It is ranked #808 out of 4,446 stocks. Key factor scores: Quality 43/100, Value 74/100, Momentum 60/100. The timing signal is "Neutral". This is quantitative analysis only — not investment advice.

What is the stock rating for ZGN?

Ermenegildo Zegna N.V. (ZGN) has a "Hold" rating and 3-star score. The composite score of 51.1 ranks it #808 among 4,446 U.S. stocks. Ratings are updated weekly using academically-proven factor models.

What sector is ZGN in?

Ermenegildo Zegna N.V. operates in the Consumer Discretionary sector (Apparel industry) with a market cap of $2.91 billion. It is classified as a mid-cap stock.

Does ZGN pay a dividend?

ZGN does not currently pay a regular dividend. The company may be reinvesting profits for growth.

What is ZGN's P/E ratio?

ZGN has a trailing P/E ratio of 35.87x. The Consumer Discretionary sector average is 24.5x. This above-average P/E reflects growth expectations or premium valuation.

How profitable is ZGN?

ZGN's quality factor score is 43/100. Gross margin: 66.6%. ROE: 37.0% vs sector average 6.2%. High margins suggest pricing power and competitive moats.

How is ZGN valued compared to peers?

ZGN's value factor score is 74/100 (higher = cheaper). Key multiples: P/E 35.9x, EV/EBITDA 2.0x. The stock appears attractively valued versus peers.

What is ZGN's debt level?

ZGN's debt-to-equity ratio is 91%. Sector average: 89%. Moderate leverage is normal for established companies.

ZGN has a beta of 1.19, meaning it tracks the market. Stability score: 57/100.

Does ZGN have high short interest?

ZGN's short interest factor score is 14/100 (higher = less short selling). Elevated short interest may indicate bearish sentiment or short squeeze potential.

ZGN Stock Analysis: Top Mid-Cap Hold (Score 51.1/100) | Blank Capital Research

Data Series	1D	5D	1M	YTD	1Y	3Y	5Y	10Y
ZGN	-0.35%	+9.10%	+7.37%	+12.29%	+73.34%	-	-	-
Industry Proxy XLY	+0.13%	+4.38%	-1.35%	-5.46%	-39.92%	-	-	-
U.S. Market SPY	-0.07%	+3.60%	+0.34%	-0.36%	+29.52%	-	-	-
Alpha vs Market	-0.28%	+5.50%	+7.03%	+12.65%	+43.82%	-	-	-
Alpha vs Sector	-0.48%	+4.72%	+8.72%	+17.75%	+113.26%	-	-	-

Metric	ZGN	Benchmark
P/E Ratio	35.9x	+47%
EV/EBITDA	2.0x	-59%
Price / Book	2.9x

Stock Entity	Score▼	Quality	Value	Momentum	P/E Ratio	ROE	Gross Margin	Net Margin	Rev Growth	D/E Ratio	Market Cap	Compare
CASY CASEYS GENERAL STORES INC	57	50	68	67	43.1x	16.9%	24.0%	3.8%	0.3%	123.0x	$27.2B	VS
TGT TARGET CORP	53	50	70	56	16.7x	20.7%	28.4%	3.4%	-0.7%	89.0x	$54.5B	VS
APEI AMERICAN PUBLIC EDUCATION INC	53	49	58	72	79.0x	4.6%	52.8%	2.1%	6.8%	32.0x	$1.1B	VS
LINC LINCOLN EDUCATIONAL SERVICES CORP	52	50	48	75	113.9x	5.6%	59.2%	2.3%	37.4%	147.0x	$1.3B	VS
FIVE FIVE BELOW, INC	52	50	56	73	106.3x	5.4%	32.5%	3.1%	26.5%	125.0x	$13.0B	VS
ZGN Ermenegildo Zegna N.V.	51	43	74	60	35.9x	37.0%	66.6%	4.7%	-	91.0x	$2.9B
IMKTA INGLES MARKETS INC	51	50	51	62	17.7x	6.2%	23.9%	1.9%	0.4%	57.0x	$1.7B	VS
PRDO PERDOCEO EDUCATION Corp	51	50	70	57	14.1x	16.7%	100.0%	20.4%	27.1%	28.0x	$2.4B	VS
MCRI MONARCH CASINO & RESORT INC	51	50	66	47	16.6x	19.7%	24.5%	19.4%	11.5%	33.0x	$1.7B	VS
FCFS FirstCash Holdings, Inc.	49	50	29	66	35.4x	10.8%	50.2%	8.0%	26.6%	98.0x	$8.4B	VS
ESCA ESCALADE INC	48	50	65	51	15.6x	9.0%	26.1%	6.2%	8.4%	11.0x	$249M	VS

Key Ratio	TTM	2024	2023	2022	2021	2020
Gross Margin %	0.7%	0.7%	0.6%	0.6%	0.6%	0.2%
Operating Margin %	0.1%	0.1%	0.1%	0.1%	-0.1%	-0.0%
EBITDA Margin %	0.2%	0.2%	0.2%	0.2%	0.1%	0.0%
Net Margin %	0.0%	0.0%	0.1%	0.0%	-0.1%	-0.0%
FCF Margin %	7.9%	7.9%	-22.2%	4.9%	14.5%	-1.9%
ROE %	0.4%	0.1%	0.2%	0.1%	-0.2%	-0.1%
ROA %	0.1%	0.0%	0.0%	0.0%	-0.1%	-0.0%
ROIC %	8.0%	8.0%	11.1%	9.5%	-6.5%	-2.3%

Line Item	TTM	2024	2023	2022	2021	2020
	$2.0B	$2.0B	$2.1B	$1.6B	$1.5B	$1.2B
	$1.3B	$1.3B	$1.4B	$993M	$286M	$225M
Gross Margin	66.6%	66.6%	64.3%	62.2%	61.6%	18.3%
	—	$298M	$216M	$244M	$234M	$59M
	$173M	$173M	$230M	$158M	-$103M	-$45M
EBIT	$173M	$173M	$230M	$158M	-$103M	-$45M
EBITDA	$460M	$460M	$437M	$396M	$131M	$37M
Operating Margin	8.6%	8.6%	10.9%	9.9%	-7.3%	-3.6%
EBITDA Margin	22.8%	22.8%	20.7%	24.8%	9.0%	3.0%
	—	$54M	$75M	$58M	$50M	$59M
	—	$41M	$37M	$38M	$35M	$18M
	$94M	$94M	$150M	$70M	-$144M	-$57M
Net Margin	4.7%	4.7%	7.1%	4.4%	-9.9%	-4.6%
	$0.32	$0.32	$0.49	$0.22	-	$-0.25
Diluted EPS	$0.32	$0.32	$0.49	$0.22	-	$-0.25

Ermenegildo Zegna N.V. (ZGN) Stock Analysis — April 2026 Rating, Price, and Forecast

Last updated: April 2026

Company Overview — What Does Ermenegildo Zegna N.V. Do?

Ermenegildo Zegna N.V., together with its subsidiaries, designs, manufactures, markets, and distributes luxury menswear, footwear, leather goods, and other accessories under the Zegna and the Thom Browne brands. It provides luxury leisurewear for men; formal suits, tuxedos, shirts, blazers, formal overcoats, and accessories; leather accessories comprising shoes, bags, belts, and small leather accessories; and fragrances. The company also offers luxury womenswear and childrenswear under the Thom Browne brand, as well as provides eyewear, cufflinks and jewelry, watches, underwear, and beachwear manufactured by third parties under licenses. It serves customers through its retail stores and online channels in Europe, the Middle East, Africa, North America, Latin America, the Asia Pacific, and internationally. The company was founded in 1910 and is based in Trivero, Italy. Ermenegildo Zegna N.V. is a subsidiary of Monterubello Societa' Semplice. Ermenegildo Zegna N.V. (ZGN) is classified as a mid-cap stock in the Consumer Discretionary sector, specifically within the Apparel industry. The company is led by CEO Ermenegildo Zegna di Monte Rubello and employs approximately 6,050 people. With a market capitalization of $2.9B, ZGN is one of the notable companies in the Consumer Discretionary sector.

Ermenegildo Zegna N.V. (ZGN) Stock Rating — Hold (April 2026)

As of April 2026, Ermenegildo Zegna N.V. receives a Hold rating with a composite score of 51.1/100 and 3 out of 5 stars from the Blank Capital Research quantitative model.ZGN ranks #808 out of 4,446 stocks in our coverage universe. Within the Consumer Discretionary sector, Ermenegildo Zegna N.V. ranks #53 of 442 stocks, placing it in the top quartile of its Consumer Discretionary peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).

ZGN Stock Price and 52-Week Range

Ermenegildo Zegna N.V. (ZGN) currently trades at $11.51. The stock lost $0.04 (0.3%) in the most recent trading session. The 52-week high for ZGN is $11.93, which means the stock is currently trading -3.5% from its annual peak. The 52-week low is $6.05, putting the stock 90.2% above its annual trough. Recent trading volume was 507K shares, suggesting relatively thin trading activity.

Is ZGN Overvalued or Undervalued? — Valuation Analysis

Ermenegildo Zegna N.V. (ZGN) carries a value factor score of 74/100 in the Blank Capital model, suggesting the stock trades at a meaningful discount to its fundamental earning power. The trailing price-to-earnings ratio is 35.87x, compared to the Consumer Discretionary sector average of 24.47x — a premium of 47%. The price-to-book ratio stands at 2.91x, versus the sector average of 1.99x. The price-to-sales ratio is 0.37x, compared to 0.27x for the average Consumer Discretionary stock. On an enterprise value basis, ZGN trades at 1.99x EV/EBITDA, versus 4.91x for the sector.

Based on these multiples, Ermenegildo Zegna N.V. appears attractively valued relative to both its sector peers and the broader market. Value-oriented investors may find the current entry point compelling, particularly if the company's fundamental quality metrics also score well.

Ermenegildo Zegna N.V. Profitability — ROE, Margins, and Quality Score

Ermenegildo Zegna N.V. (ZGN) earns a quality factor score of 43/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is 37.0%, compared to the Consumer Discretionary sector average of 6.2%, which demonstrates strong shareholder value creation. Return on assets (ROA) comes in at 12.8% versus the sector average of 2.5%.

On a margin basis, Ermenegildo Zegna N.V. reports gross margins of 66.6%, compared to 36.9% for the sector. The operating margin is 8.6% (sector: 3.8%). Net profit margin stands at 4.7%, versus 2.1% for the average Consumer Discretionary stock. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.

ZGN Debt, Balance Sheet, and Financial Health

Ermenegildo Zegna N.V. has a debt-to-equity ratio of 91.0%, compared to the Consumer Discretionary sector average of 89.0%. Leverage is within a manageable range for the industry, though investors should monitor debt trends over time. Total debt on the balance sheet is $924M. Cash and equivalents stand at $227M.

ZGN has a beta of 1.19, meaning it is roughly in line with the broader market in terms of price volatility. The stability factor score for Ermenegildo Zegna N.V. is 57/100, reflecting average volatility within the normal range for its sector.

Ermenegildo Zegna N.V. Revenue and Earnings History — Quarterly Trend

In TTM 2026, Ermenegildo Zegna N.V. reported revenue of $2.01B and earnings per share (EPS) of $0.32. Net income for the quarter was $94M. Gross margin was 66.6%. Operating income came in at $173M.

In FY 2024, Ermenegildo Zegna N.V. reported revenue of $2.01B and earnings per share (EPS) of $0.32. Net income for the quarter was $94M. Gross margin was 66.6%. Revenue grew -4.4% year-over-year compared to FY 2023. Operating income came in at $173M.

In FY 2023, Ermenegildo Zegna N.V. reported revenue of $2.11B and earnings per share (EPS) of $0.49. Net income for the quarter was $150M. Gross margin was 64.3%. Revenue grew 31.9% year-over-year compared to FY 2022. Operating income came in at $230M.

In FY 2022, Ermenegildo Zegna N.V. reported revenue of $1.60B and earnings per share (EPS) of $0.22. Net income for the quarter was $70M. Gross margin was 62.2%. Revenue grew 9.9% year-over-year compared to FY 2021. Operating income came in at $158M.

Over the past 6 quarters, Ermenegildo Zegna N.V. has demonstrated a growth trajectory, with revenue expanding from $1.23B to $2.01B. Investors analyzing ZGN stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.

ZGN Dividend Yield and Income Analysis

Ermenegildo Zegna N.V. (ZGN) does not currently pay a dividend. This is common among smaller companies in the Apparel industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Consumer Discretionary dividend stocks may want to explore other Consumer Discretionary stocks or use the stock screener to filter by dividend yield.

ZGN Momentum and Technical Analysis Profile

Ermenegildo Zegna N.V. (ZGN) has a momentum factor score of 60/100, reflecting neutral trend characteristics. The stock is neither significantly outperforming nor underperforming the broader market on a momentum basis. The investment factor score is 51/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 14/100 signals elevated short interest, which can indicate bearish sentiment among institutional investors.

ZGN vs Competitors — Consumer Discretionary Sector Ranking and Peer Comparison

Within the Consumer Discretionary sector, Ermenegildo Zegna N.V. (ZGN) ranks #53 out of 442 stocks based on the Blank Capital composite score. This places ZGN in the top quartile of all Consumer Discretionary stocks in our coverage universe. Key competitors and sector peers include MONARCH CASINO & RESORT INC (MCRI) with a score of 50.5/100, CASEYS GENERAL STORES INC (CASY) with a score of 57.3/100, INGLES MARKETS INC (IMKTA) with a score of 51.0/100, FIVE BELOW, INC (FIVE) with a score of 51.6/100, and TARGET CORP (TGT) with a score of 52.6/100.

Comparing ZGN against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full ZGN vs S&P 500 (SPY) comparison to assess how Ermenegildo Zegna N.V. stacks up against the broader market across all factor dimensions.

ZGN Next Earnings Date

No upcoming earnings date has been announced for Ermenegildo Zegna N.V. (ZGN) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.

Should You Buy ZGN? — Investment Thesis Summary

Ermenegildo Zegna N.V. presents a balanced picture with arguments on both sides. The value score of 74/100 suggests attractive pricing relative to fundamentals. Price momentum is positive at 60/100, suggesting the trend favors buyers.

In summary, Ermenegildo Zegna N.V. (ZGN) earns a Hold rating with a composite score of 51.1/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on ZGN stock.

Related Resources for ZGN Investors

Explore more research and tools: ZGN vs S&P 500 comparison, top Consumer Discretionary stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare ZGN head-to-head with peers: ZGN vs MCRI, ZGN vs CASY, ZGN vs IMKTA.

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