US · USD

ZTS

Zoetis Inc

$69.69+0.85% ($0.59)Updated 10/2/26, 5:12 PM

Day's range: $68.77 – $70.10
Day's volume: $366.1M
52-week range: $69.10 – $144.75

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ZTS in numbers

Market cap: $28.8B

P/E: 11.01

P/B: 9.15

Dividend yield (12m): 3.00%

The 12-month dividend yield of ZTS is 3.00%, above its 5-year average of 0.94%.

ZTS price history

10/06/202510/02/2026

Compare with

ZTS risk and return

Monthly closes adjusted for splits and distributions.

Metric	12 months	36 months	60 months
Return	-44.78%	-59.00%	-66.84%
Volatility (annualized)	35.90%	28.32%	28.03%
Largest drawdown	-46.24%	-63.56%	-69.83%
Positive months	2/12	12/36	24/60

How much did investing in ZTS return?

Amount invested

$1,000.00 invested on 11/01/2021 would be worth $331.61 today.

Value today in ZTS: $331.61

Return over the period: -66.84%

Return per year: -20.11%

In the S&P 500: $1,690.98

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

ZTS fundamentals

Valuation

P/E
11.01
P/B
9.15
EV/EBITDA
—
EV/EBIT
—
EV/Revenue
3.80
P/EBIT
—
P/S
3.03
P/OCF
10.14
P/FCF
12.43
Earnings yield
—
PEG ratio
—
Earnings per share
$6.33
Book value per share
$7.62

Debt

Net debt
$7.4B
Net debt/EBITDA
—
Net debt/Equity
2.34
Debt/Equity
2.87
Current ratio
3.08
Quick ratio
1.84
Cash ratio
0.81

Efficiency

Gross margin
71.54%
EBITDA margin
—
Operating margin
—
Net margin
27.49%
Asset turnover
0.63

Profitability

ROE
83.10%
ROA
17.35%
ROIC
—
Payout
33.01%

Growth

Revenue CAGR (5 years)
5.13%
Earnings CAGR (5 years)
6.50%
Revenue growth (year)
—
Earnings growth (year)
—
Revenue growth (quarter)
—
Earnings growth (quarter)
—

What is ZTS's fair price?

Two classic value formulas, with today's numbers. The current price is $69.69.

Graham's fair price: $32.94; 52.73% below the price

√(22.50 × $6.33 × $7.62)

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price: $25.09; 63.99% below the price

$1.51 (5-year average) ÷ 6%

Décio Bazin only bought stocks yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years over 6%.

Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.

ZTS's indicators by year

Multiples at each year's closing price; margins and returns from that year's statements.

Indicator	2025	2024	2023	2022	2021	2020	2019	2018
P/E	19.87	29.35	38.55	32.12	56.54	48.01	41.91	28.68
P/B	15.55	15.30	18.08	15.42	25.35	20.86	23.21	18.74
Dividend yield	1.59%	1.06%	0.76%	0.89%	0.41%	0.48%	0.50%	0.59%
Earnings per share	$6.33	$5.55	$5.12	$4.56	$4.32	$3.45	$3.16	$2.98
Book value per share	$8.09	$10.65	$10.91	$9.51	$9.63	$7.93	$5.70	$4.56
ROE	78.27%	52.12%	46.91%	47.99%	44.84%	43.46%	55.39%	65.35%
Gross margin	71.84%	70.62%	70.03%	69.63%	70.38%	69.18%	68.18%	67.19%
Net margin	28.23%	26.86%	27.43%	26.16%	26.20%	24.54%	23.96%	24.52%

ZTS's financial statements

Line	2025	2024	2023	2022	2021	2020
Net revenue	$9.5B	$9.3B	$8.5B	$8.1B	$7.8B	$6.7B
Cost of revenue	-$2.7B	-$2.7B	-$2.6B	-$2.5B	-$2.3B	-$2.1B
Gross profit	$6.8B	$6.5B	$6B	$5.6B	$5.5B	$4.6B
EBITDA	—	—	—	—	—	—
EBIT	—	—	—	—	—	—
Financial result	$36M	$19M	$159M	-$40M	-$48M	-$17M
Income before tax	$3.4B	$3.1B	$2.9B	$2.7B	$2.5B	$2B
Income tax	-$687M	-$637M	-$596M	-$545M	-$454M	-$360M
Net income	$2.7B	$2.5B	$2.3B	$2.1B	$2B	$1.6B

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

Does ZTS pay dividends?

Dividend yield per year

0.58%2017
0.59%2018
0.50%2019
0.48%2020
0.41%2021
0.89%2022
0.76%2023
1.06%2024
1.59%2025
2.28%2026

Payment history
Type	Last day to own	Payment	Per share
Dividend	07/17/2026	09/01/2026	$0.53
Dividend	04/17/2026	06/02/2026	$0.53
Dividend	01/19/2026	03/03/2026	$0.53
Dividend	10/30/2025	12/02/2025	$0.50
Dividend	07/17/2025	09/03/2025	$0.50
Dividend	04/18/2025	06/03/2025	$0.50
Dividend	01/20/2025	03/04/2025	$0.50
Dividend	10/30/2024	12/03/2024	$0.43
Dividend	07/17/2024	09/04/2024	$0.43
Dividend	04/17/2024	06/04/2024	$0.43
Dividend	01/17/2024	03/01/2024	$0.43
Dividend	10/30/2023	12/01/2023	$0.38

See all 40 distributions

Earlier distributions
Type	Last day to own	Payment	Per share
Dividend	07/19/2023	09/01/2023	$0.38
Dividend	04/19/2023	06/01/2023	$0.38
Dividend	01/18/2023	03/01/2023	$0.38
Dividend	10/28/2022	12/01/2022	$0.33
Dividend	07/19/2022	09/01/2022	$0.33
Dividend	04/19/2022	06/01/2022	$0.33
Dividend	01/18/2022	03/01/2022	$0.33
Dividend	10/27/2021	12/01/2021	$0.25
Dividend	07/19/2021	09/01/2021	$0.25
Dividend	04/19/2021	06/01/2021	$0.25
Dividend	01/18/2021	03/01/2021	$0.25
Dividend	10/19/2020	12/01/2020	$0.20
Dividend	07/15/2020	09/01/2020	$0.20
Dividend	04/15/2020	06/01/2020	$0.20
Dividend	01/15/2020	03/03/2020	$0.20
Dividend	10/18/2019	12/02/2019	$0.16
Dividend	07/17/2019	09/03/2019	$0.16
Dividend	04/16/2019	06/03/2019	$0.16
Dividend	01/16/2019	03/01/2019	$0.16
Dividend	11/16/2018	12/03/2018	$0.13
Dividend	07/18/2018	09/04/2018	$0.13
Dividend	04/18/2018	06/01/2018	$0.13
Dividend	01/17/2018	03/01/2018	$0.13
Dividend	11/07/2017	12/01/2017	$0.11
Dividend	06/12/2017	09/01/2017	$0.11
Dividend	04/03/2017	06/01/2017	$0.11
Dividend	01/17/2017	03/01/2017	$0.11
Dividend	10/31/2016	12/01/2016	$0.10

About Zoetis

Sector: Manufacturing

Questions about ZTS

How much is ZTS today?

ZTS is at $69.69 (0.85% on the day), last traded on 10/02/2026.

How much did ZTS pay in dividends in 2025?

ZTS paid $2.00 per share in 2025, a dividend yield of 1.59%.

What are the P/E and P/B of ZTS?

ZTS trades at a P/E of 11.01 and a P/B of 9.15.

How much did ZTS return in 12 months?

ZTS returned -44.78% in 12 months, with annualized volatility of 35.90% and a largest drawdown of -46.24%.