Ermenegildo Zegna stock
ZGNNYSEErmenegildo Zegna N.V., Consumer CyclicalISIN NL0015000PB5
62Score 62 out of 100, Neutral
Price and trend
76 / 100
Price history
+30% in one yearThe chart shows daily closes over 5 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.
Above the 200-day line: the price is 7.7% above it.
Since June 2025 the 50-day line has been above the 200-day line; the trend has turned up.
Normal: the price is neither overheated nor sold off (RSI 51).
The price is 11% below its 52-week high. Largest decline in 5 years: 61% (August 2023 to April 2025).
Chart figures for advanced users
- SMA 50$12.88
- Average price of the last 50 trading days, shows the short-term trend.
- SMA 200$12.59
- Average price of the last 200 trading days, shows the long-term trend.
- RSI (14)51
- Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
- MACDbelow the signal line
- Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
- Support$8.69
- The lowest closing price of the last twelve months.
- Resistance$15.25
- The highest closing price of the last twelve months.
Snapshot
Computed from the data by fixed rules, no AI
- Ermenegildo Zegna N.V. belongs to the Apparel (Manufacturers) industry (Italy) and, with a market value of $3.65B, is number 13 of 22 companies in its industry on MEQIRI.
- In fiscal 2025 it reported revenue of $2.04B (down 5.4% year on year) and earnings of $104.93M (up 22.8%).
- MEQIRI Score 62 out of 100 (Neutral): rank 294 of 596 in Consumer Cyclical, median 61.
Show more
- The P/E is 42.1 (Apparel (Manufacturers) median 19.6, own median of recent years 24.7).
- Our model puts fair value at $7.51, with the price 81% above it.
In plain words
The numbers on this page in plain words, written by an AI
Strengths
- Earnings turn into cashFree cash flow 384% of earnings over the last 12 months.Fundamentals 74
- Analysts expect strong earnings growthUp 25.9% a year through 2028 (estimates from 9 analysts).Growth 74
Weaknesses
- Above fair valuePrice 81% above the fair value of $7.51.Valuation 36
- Richly valuedP/E 42.1, Apparel (Manufacturers) median 19.6, own median 24.7.Valuation 36
- DilutionShare count up 17% since 2020.Capital allocation 40
Its standout strengths are momentum and technical analysis, while capital allocation and valuation hold the score back.
Daily figure as of 13 Nov 2026
How the score is calculatedScore overview
Score since yesterday from 63 to 62.
Fundamentals are strong, with strong cash generation.
Score history
The full history of up to 20 years comes with MEQIRI Pro.
See plansCrash risk medium
How well MEQIRI warnsIn the middle among smaller stocks.
From 2016 to 2025, 20 in 100 such stocks fell 30% or more within a year, against a group average of 23 in 100.
What drives the risk
- high price swings
Valuation
Valuation signal
Significantly overvaluedIn our model the price counts as cheap below $5.37 and expensive above $12.52 (uncertainty high, based on the price swings of the past year).
The two parts of the fair value come to $8.71 (cash-flow model) and $6.32 (industry comparison), and the gap between them shows how uncertain the estimate is. The price is above both.
Calculated with a cost of equity of 10.6%. At 11.6% the fair value would be $7.03, at 9.6% it would be $8.14.
Valuation metrics
Half from the cash-flow model, half from earnings times the industry P/E (19.6).
Calculate with your own assumptionsCompany performance
This shows several years of history with an automatic assessment.
Revenue
In the twelve months to 30 Jun 2026, revenue rose 3.6% on the twelve months before. Revenue has grown solidly since 2018, at about 7% per year.
Margins
- Gross margin
- Operating margin
- Net margin
In fiscal 2025: gross 56%, operating 9%, net 5%.
Debt & balance sheet
latest quarterDebt is elevated. Keep an eye on the interest burden and refinancing.
Earnings
- Next earnings
- 15 Mar 2027in 122 days
- Last reported
- 3 Sep 2026EPS reported 0.1 (expected 0.18)below expectations
Analyst estimates
Earnings estimates have barely changed since 15 Oct 2026.
- Earnings per share
- 0.39−0.1%
- Revenue
- $2.21B−0.6%
- Earnings per share
- 0.530.0%
- Revenue
- $2.4B−0.5%
MEQIRI has stored the estimates since 15 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.
Company outlook confirmed
Share price after the results: 0.0%Guidance confirmed: the Zegna segment is expected to reach an adjusted EBIT margin of about 15%, and Thom Browne is expected to return to positive EBIT in the second half.
“In Zegna segment, we expect the adjusted EBIT margin in the region of 15%, driven by all the positive trends that we have mentioned, and if I need to label it in one word, it's about high-quality growth.”The outlook is not part of the score and not a recommendation to buy or sell.
From the earnings call on 3 Sep 2026 (fiscal Q2 2026), read by AI.
Insiders
Open-market purchases and sales by executives, board members and major holders
No open-market purchases in the last 6 months. One insider sold, $106,320 in total.
Sales say less than purchases: many insiders sell on a fixed plan, for taxes or to diversify.
- Norsa MicheleSale
27 Oct 2026, Board
- Shares
- 8,000
- Price
- $13.29
- Value
- $106,320
Source: Form 4 filings with the US Securities and Exchange Commission. Grants, option exercises, gifts and tax withholdings are hidden. Not a recommendation to buy.
What happened at Ermenegildo Zegna
The key events of the last six months from our own data. A click takes you to the matching card.
Sector comparison
596 rated companies in Consumer Cyclical
- This company
- 62
- Sector median
- 61
Categories against the sector median
The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.
Competitors in Apparel (Manufacturers)
The next larger and next smaller companies by market value
- Youngor Group600177.SS $5.8B56
- PVHPVH $4.28B60
- Kontoor BrandsKTB $4.25B70
- FIGSFIGS $3.76B76
- Columbia SportswearCOLM $3.61B78
- Hugo BossBOSS.DE $2.85B70
- Under ArmourUA $2.04B35
- G-III Apparel GroupGIII $1.35B71
ETFs that hold Ermenegildo Zegna
Held by 4 ETFs on Xetra. Shown per index: the ETF with the largest weight.
| ETF | Weight | Cost | Fund size |
|---|---|---|---|
| Avantis Global Small Cap Value UCITS ETFAVWS | 0.11% | 0.39% | €1.47B |
| Amundi Global Luxury UCITS ETF EUR AccGLUX | 0.08% | 0.35% | €411.57M |
| Xtrackers Russell 2000 UCITS ETF 1CXRS2 | 0.02% | 0.30% | €2.22B |
Show 1 more
| State Street SPDR Russell 2000 U.S. Small Cap UCITS ETF (Acc)ZPRR | 0.02% | 0.30% | €4.28B |
Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = €0.9024)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 30 Apr 2023)
- Valuation signal Overvalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.