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Ermenegildo Zegna N.V. (ZGN) stock

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NYSE: ZGN NYSE Apparel, Accessories & Luxury Goods

B Fundamentals grade

Ermenegildo Zegna N.V. is a US-listed company in the apparel, accessories & luxury goods industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$22

Cash-flow model

Base case. Range ~$17–$29 across our lower- and higher-growth cases (2.1%–12.1% a year).

Price vs value

Undervalued

The price is below our entire value range; our base value is 58% above it.

Price used: $14.03, November 2, 2026

Ermenegildo Zegna N.V. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders1 buying, 6 selling1 purchase and 7 sales by directors and officers, last 12 monthsInsider trades
  • Funds76 adding, 54 cuttingOf 32 active managers that changed their stake, 24 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Ermenegildo Zegna files

Where Ermenegildo Zegna N.V. stands after its latest Filing

Revenue for the twelve months was $2.17bn, up 2.9% on a year earlier, faster than the 2.2% growth a quarter earlier. Free-cash-flow margin fell to 13.3% from 15.6% a year earlier. Operating margin widened to 7.3% from -7.3%. The diluted share count is up 2.8% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades B. It passes 6 of our 6 financial-health checks. Our cash-flow model value is $22.17 a share, against a share price of $13.49. At that price, our model says the market is pricing in cash flow shrinking about 1.3% a year for five years, slower than the 13.4% a year revenue growth it has delivered.

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Ermenegildo Zegna N.V.'s trailing-twelve-month revenue grew 2.9% year on year, with a free-cash-flow margin of 13.3%. Where it stands out: free-cash-flow margin of 13.3% ranks 4 of 28 apparel, accessories & luxury goods companies we cover.

Our discounted-cash-flow model values the business at ~$22 per share in the base case (~$17–$29 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 48.9% while net income grew 33.6%: a 15pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Priced below our value. The share price of $14.03 is 58% below our value per share of $22.

Things to watch

  • Share dilution. Diluted shares rose 2.8% in a year.

Price chart

  • 1 day+4.0%
  • 1 week+4.6%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$2.2B
Operating margin
7.3%
Net margin
5.1%
EPS (TTM, diluted)
$0.43

Growth

Revenue growth
+2.9%
Change in growth rate
+0.7 pts
Share count change
+2.8%

Cash

Free cash flow (TTM)
$288M
FCF margin
13.3%

News & updates

Updated November 2, 2026

Company announcements, filed results and changes that matter to shareholders.

No recent updates are available for ZGN from the sources we follow. See filings →

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Ermenegildo Zegna N.V. valuation models and calculator

What the price is pricing in

The share price implies cash flow shrinking about 0.9% a year for five years.That is slower than the 13.4% a year revenue growth Ermenegildo Zegna has delivered.

  • Priced in-0.9%
  • Last 12 months2.9%
  • 3 years a year11.3%
  • 5 years a year13.4%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($13.82, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Buy12-month view
12-month price target
~$22
Price used
$13.82close November 3, 2026
Implied change
▲ +60%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Ermenegildo Zegna N.V.'s free cash flow after stock-based pay with after-tax interest added back ($266M, FY2025 Q4 TTM), growing 7.1% a year for five years and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$17–~$29 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Ermenegildo Zegna N.V.'s free cash flow after stock-based pay ( $266M, FY2025 Q4 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Ermenegildo Zegna N.V. as an operating company, with every model that fits that kind of business. Cost of equity 9.6%: the 10-year Treasury yield (4.9%) plus a beta of 1.02 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$22 ~$17–$29 Primary model, counts double
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. ~$5.9 ~$5.5–$8.4 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$1.9 ~$1.2–$3.1 Left out: out of range vs price (0.14x)
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$0.7 ~$0.6–$0.8 Left out: out of range vs price (0.05x)
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$17 ~$5.9–$22 2 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Ermenegildo Zegna N.V. with Apparel, Accessories & Luxury Goods in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −26%
  • Revenue growth 5 points higher ▲ +34%
  • Free-cash-flow margin 1 point lower ▼ −7%
  • Last year's free-cash-flow margin change, if it persists ▲ +41%
  • Discount rate 1 point higher ▼ −15%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $14$20$26$36$48$63
8.5% $11$15$20$26$35$46
10% $9$12$16$21$27$35

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

No analyst estimates are published for Ermenegildo Zegna N.V.: too few analysts cover it.

Analyst recommendations

14 analysts, Nov 2026
Buy1071%
Hold321%
Sell17%

Monthly trend

  1. Nov 2026373114
  2. Oct 2026263112
  3. Sep 2026263112

Counts of recommendations published by analysts covering Ermenegildo Zegna N.V., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
9.4%
of tradable shares
Days to cover
6.94
at average volume
Short interest, 1 month
+2%
to October 15, 2026
Held by institutions
29%
of shares
Held by insiders
70.3%
of shares
Employees
7,600
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

Price behaviour

52-week range
Not enough history
From 52-week high
—
vs 50-day average
—
vs 200-day average
—
Volatility (1 year)
—
Beta vs S&P 500
—

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Ermenegildo Zegna N.V. in five measures

Fundamentals grade B
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Ermenegildo Zegna N.V.
$1B $1.5B $2B $2.5B FY19 Q4 FY21 Q4 FY23 Q4 FY25 Q4 Revenue (TTM), FY19 Q4: $1.5B Revenue (TTM), FY20 Q4: $1.2B Revenue (TTM), FY21 Q4: $1.5B Revenue (TTM), FY22 Q4: $1.6B Revenue (TTM), FY23 Q4: $2.1B Revenue (TTM), FY24 Q4: $2.1B Revenue (TTM), FY25 Q4: $2.2B $2.2B

Source: SEC EDGAR filings. Retrieved November 1, 2026.

View chart data
Period Revenue (TTM)
FY19 Q4 $1.5B
FY20 Q4 $1.2B
FY21 Q4 $1.5B
FY22 Q4 $1.6B
FY23 Q4 $2.1B
FY24 Q4 $2.1B
FY25 Q4 $2.2B
Revenue growth, TTM YoY Ermenegildo Zegna N.V.
-40% -20% 0% 20% 40% FY20 Q4 FY21 Q4 FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 Revenue growth, TTM YoY, FY20 Q4: -21.7% Revenue growth, TTM YoY, FY21 Q4: 32.1% Revenue growth, TTM YoY, FY22 Q4: 2.9% Revenue growth, TTM YoY, FY23 Q4: 31.0% Revenue growth, TTM YoY, FY24 Q4: 2.2% Revenue growth, TTM YoY, FY25 Q4: 2.9% 2.9%

Source: SEC EDGAR filings. Retrieved November 1, 2026.

View chart data
Period Revenue growth, TTM YoY
FY20 Q4 -21.7%
FY21 Q4 32.1%
FY22 Q4 2.9%
FY23 Q4 31.0%
FY24 Q4 2.2%
FY25 Q4 2.9%
Operating margin (TTM) Ermenegildo Zegna N.V.
-10% -5% 0% 5% 10% 15% FY19 Q4 FY21 Q4 FY23 Q4 FY25 Q4 Operating margin (TTM), FY19 Q4: 6.7% Operating margin (TTM), FY20 Q4: -2.2% Operating margin (TTM), FY21 Q4: -7.3% Operating margin (TTM), FY22 Q4: 9.9% Operating margin (TTM), FY23 Q4: 10.9% Operating margin (TTM), FY24 Q4: 8.6% Operating margin (TTM), FY25 Q4: 7.3% 7.3%

Source: SEC EDGAR filings. Retrieved November 1, 2026.

View chart data
Period Operating margin (TTM)
FY19 Q4 6.7%
FY20 Q4 -2.2%
FY21 Q4 -7.3%
FY22 Q4 9.9%
FY23 Q4 10.9%
FY24 Q4 8.6%
FY25 Q4 7.3%
FCF margin (TTM) Ermenegildo Zegna N.V.
0% 5% 10% 15% 20% FY19 Q4 FY21 Q4 FY23 Q4 FY25 Q4 FCF margin (TTM), FY19 Q4: 9.7% FCF margin (TTM), FY20 Q4: 4.3% FCF margin (TTM), FY21 Q4: 15.6% FCF margin (TTM), FY22 Q4: 6.5% FCF margin (TTM), FY23 Q4: 11.5% FCF margin (TTM), FY24 Q4: 9.2% FCF margin (TTM), FY25 Q4: 13.3% 13.3%

Source: SEC EDGAR filings. Retrieved November 1, 2026.

View chart data
Period FCF margin (TTM)
FY19 Q4 9.7%
FY20 Q4 4.3%
FY21 Q4 15.6%
FY22 Q4 6.5%
FY23 Q4 11.5%
FY24 Q4 9.2%
FY25 Q4 13.3%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 20-F. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Ermenegildo Zegna took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $2.2B
  2. Cost of revenue $704M · 32.5%
  3. Gross profit $1.5B · 67.5%
  4. Other operating costs $1.3B · 60.2%
  5. Operating income $158M · 7.3%
  6. Income tax $34.5M · 1.6%
  7. Interest and other $11.7M · 0.5%
  8. Net income $111M · 5.1%

Shares of revenue. Source: Ermenegildo Zegna's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025
Income
Revenue 1,479 1,158 1,529 1,573 2,060 2,106 2,167
Gross profit — — 943 978 1,324 1,403 1,463
EBITDA 288 164 72 337 434 424 435
Operating income 99 −26 −111 156 225 181 158
Net income 24 −58 −161 54 131 83 111
Diluted EPS $0.12 −$0.29 −$0.79 $0.22 $0.52 $0.32 $0.43
Growth (year on year)
Revenue — −21.7% +32.1% +2.9% +31.0% +2.2% +2.9%
EBITDA — −43.0% −56.2% +369.3% +28.9% −2.4% +2.6%
Operating income — −125.9% — — +44.6% −19.8% −12.6%
Net income — — — — +142.4% −36.6% +33.6%
Diluted EPS — — — — +134.7% −37.5% +32.4%
Margins
Gross margin — — 61.6% 62.2% 64.3% 66.6% 67.5%
EBITDA margin 19.4% 14.2% 4.7% 21.4% 21.1% 20.1% 20.1%
Operating margin 6.7% −2.2% −7.3% 9.9% 10.9% 8.6% 7.3%
Net margin 1.6% −5.0% −10.5% 3.4% 6.4% 4.0% 5.1%
Free-cash-flow margin 9.7% 4.3% 15.6% 6.5% 11.5% 9.2% 13.3%
Cash flow
Cash from operations 195 81 333 154 298 302 379
Capital spending 52 32 94 52 62 108 91
Free cash flow 143 49 238 102 236 194 288
Balance sheet
Cash 236 388 520 272 328 227 258
Total debt 0 813 712 504 445 387 289
Net debt (negative = net cash) −236 425 191 232 118 160 31
Diluted shares 202m 201m 203m 241m 252m 254m 261m
Returned to shareholders
Buybacks 0 0 538 0 0 — —
Total returned 0 0 538 0 0 — —

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

6 of 6 checks passed · December 31, 2025
What it owns · $3.3bn
Short-term assets $1.4bnLonger-term assets $1.9bn
What it owes, and who funded it · $2.1bn
Short-term liabilities $881mShareholders' equity $1.2bn
  • Short-term assets cover short-term liabilities $1.4bn of assets due within a year against $881m of liabilities due within a year.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt $258m of cash against $190m of debt.
  • Debt below 40% of shareholders' equity Debt is 16% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 94% to 16% over five years.
  • A year's operating cash flow covers at least 20% of debt $379m of operating cash flow against $190m of debt.
  • Operating profit covers interest at least five times over Operating income of $158m against $31m of interest.

From Ermenegildo Zegna N.V.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Diluted share count
+2.8%
year over year
Days sales outstanding
45 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in apparel, accessories & luxury goods
Last 12 months unless stated ZGN GIII LUXE OXM CPRI COLM Median
Revenue, last 12 months $2.2bn $2.9bn $2.9bn $1.5bn $3.4bn $3.4bn $1.5bn
Revenue growth, last 12 months 2.9% −8.7% 118.7% −1.8% −4.2% −0.1% 1.6%
Revenue growth, 3-year average — −3.8% — −1.5% −14.1% −1.5% −1.5%
Revenue growth, latest quarter — −9.6% — −2.2% −5.5% 1.5% 1.1%
Gross margin 67.5% 44.4% 46.4% 63.6% 63.3% 52.2% 52.5%
Operating margin 7.3% 6.3% −6.2% −0.1% 1.4% 7.5% 4.4%
Operating margin, 3-year average — 8.1% — 2.5% −1.0% 7.8% 2.5%
Net margin 5.1% 4.8% −6.7% −0.5% 6.1% 6.0% 3.9%
Cash from operations / revenue 17.5% 10.8% −4.3% 9.4% 7.7% 11.2% 9.2%
Free-cash-flow margin 13.3% 9.6% −4.6% 3.6% 5.4% 9.4% 7.5%
Free-cash-flow margin, 3-year average — 11.7% — 4.1% 6.6% 12.3% 5.8%
Stock pay / revenue — 1.0% 0.8% 1.0% 1.0% 0.8% 0.9%
Change in share count 2.8% −2.6% 38.9% −3.9% −1.7% −5.9% 0.0%

Median of all 29 companies we cover in apparel, accessories & luxury goods. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

29 apparel, accessories & luxury goods companies
Measure Company Peer median Rank
Revenue growth Growth 2.9% 1.6% 13 of 29
Change in growth rate Growth +0.7pp +0.0pp 10 of 29
Gross margin Profitability 67.5% 52.5% 4 of 27
Operating margin Profitability 7.3% 4.5% 8 of 26
Net margin Profitability 5.1% 3.9% 13 of 29
Free-cash-flow margin Cash generation 13.3% 7.6% 4 of 28
Long-term debt as % of assets Balance sheet 5.7% 15.1% 8 of 22
Change in share count Balance sheet 2.8% 0.0% 18 of 25
Days sales outstanding Balance sheet 45 days 38 days 17 of 24

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Who owns it

Funds buying and selling
Reported value
$980M
Institutions reporting
135
Shares held vs prior quarter
▲ 14.6%
Positions opened / closed
26 / 15

Top buyers and sellers, Q2 2026: 76 institutions bought and 54 sold ; the biggest buyer was Amundi (+1.6M shares) and the biggest seller UBS Group AG (−498K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Temasek Holdings (Private) Ltd $355M 27.2M 36.2% 0.0%
Barrow Hanley Mewhinney & Strauss LLC $59M 4.5M 6.0% ▲ 7.9%
Price T Rowe Associates Inc $58.8M 4.5M 6.0% ▲ 14.1%
Blackrock, Inc. $35.8M 2.7M 3.7% ▼ 14.7%
Amundi $33.8M 2.6M 3.4% ▲ 152.9%
Harris Associates L P $31.7M 2.4M 3.2% ▼ 16.4%
Point72 Asset Management, L.P. $30M 2.3M 3.1% ▲ 16.4%
American Century Companies Inc $29.8M 2.3M 3.0% ▲ 45.3%
Eurizon Capital Sgr S.P.A. $28.4M 2.2M 2.9% ▲ 8.4%
Artisan Partners Limited Partnership $22M 1.7M 2.2% ▼ 8.2%
Tabor Asset Management, LP $21.9M 1.7M 2.2% ▲ 17.0%
Liontrust Investment Partners LLP $18.8M 1.4M 1.9% New

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Ermenegildo Zegna N.V.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 1 trade by 1 insider, last 12 months Insider sales History → $814,392 7 trades by 6 insiders · 0% under pre-set plans
Net ▼ $814,392 net selling
Insider Date Trade Shares Price Value
Norsa Michele Director October 27, 2026 Sell 8,000 $13.29 $106,320
Zegna Di Monte Rubello Angelo Co-CEO of the ZEGNA brand May 8, 2026 Sell 1,935 $13.12 $25,387
Tagliabue Gianluca Ambrogio Acting Group CEO May 8, 2026 Sell 19,105 $13.12 $250,658
Zegna Di Monte Rubello Edoardo Co-CEO of the ZEGNA brand May 8, 2026 Sell 17,037 $13.12 $223,525
Santhia Gian Franco Group Chief Financial Officer May 8, 2026 Sell 5,768 $13.12 $75,676
Sartori Alessandro Artistic Director May 8, 2026 Sell 6,505 $13.12 $85,346
Tagliabue Gianluca Ambrogio Acting Group CEO May 7, 2026 Buy 47,250 — $0
Norsa Michele Director May 5, 2026 Sell 4,000 $11.87 $47,480

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Recent SEC filings

Data status

When each part of this page on Ermenegildo Zegna N.V. was last updated.

DataLast updatedSource
Share priceExchange closing prices
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Ermenegildo Zegna N.V. in brief

What does Ermenegildo Zegna N.V. do?
Ermenegildo Zegna N.V. is a US-listed company in the apparel, accessories & luxury goods industry. Its financial year ends in December.
What is Ermenegildo Zegna N.V.'s stock ticker?
Ermenegildo Zegna N.V. trades under the ticker ZGN on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Ermenegildo Zegna N.V.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Ermenegildo Zegna N.V. reported revenue of $2.2B, 2.9% higher than a year earlier, according to its SEC filings.
What is Ermenegildo Zegna N.V.'s free cash flow?
Ermenegildo Zegna N.V.'s free-cash-flow margin is 13.3% of revenue over the trailing twelve months, ranking 4 of the 28 apparel, accessories & luxury goods companies we cover.
What is Ermenegildo Zegna N.V.'s fair value (intrinsic value) per share?
Our discounted-cash-flow model of Ermenegildo Zegna N.V.'s free cash flow after stock-based pay gives ~$22 per share in the base case, and ~$17–$29 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Ermenegildo Zegna N.V.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Temasek Holdings (Private) Ltd, Barrow Hanley Mewhinney & Strauss LLC and Price T Rowe Associates Inc. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
How much debt does Ermenegildo Zegna N.V. have?
Ermenegildo Zegna N.V.'s debt-to-equity ratio is 15.7%, from its latest balance sheet (93.6% five years earlier). The financial health section below sets out its other solvency checks.
Who are Ermenegildo Zegna N.V.'s competitors?
In our Apparel, Accessories & Luxury Goods peer group, the companies closest to Ermenegildo Zegna N.V. are G III Apparel Group LTD, Luxexperience B.v., Oxford Industries Inc, Capri Holdings Ltd and Columbia Sportswear Co. The side-by-side comparison below sets their revenue, margins and growth against Ermenegildo Zegna N.V.'s.
Are insiders buying or selling Ermenegildo Zegna N.V. stock?
Over the last 12 months, Ermenegildo Zegna N.V.'s directors and officers reported 1 open-market purchases and 7 sales on Form 4. The insider trading page charts every trade.