# Ermenegildo Zegna N.V. share price today (Ermenegildo Zegna N.V., ZGN)

> Ermenegildo Zegna N.V.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. ZGN · Consumer Discretionary · Apparel Manufacturing · data as of 3 November 2026. Page: https://www.sectoralpha.in/us/stocks/zgn

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## Key numbers

- Business trend: Mixed, from fewer quarters than usual
- Price: $13.91 (+36.2% in a year)
- P/E: 41.4×, over 4.8 years
- Revenue (Jun 2026): $987 M (+6.4% on a year ago)
- Profit (Jun 2026): $23.2 M (−46.2% on a year ago)
- Operating margin: 7.2% (−0.1 points on a year ago)
- ROE: 10%, FY25
- ROIC: 6.3%, against a 7.6% cost of capital: −1.3 points

Biggest thing to watch: the price has already been rising for 8 weeks, so timing is the risk more than the business. ## What is the Ermenegildo Zegna N.V. share price today? Ermenegildo Zegna N.V.'s share price was $13.91 at the close on 3 November 2026. It has been rising for 8 weeks. That is 11.9% above its average price over the last 200 trading days. In the last 52 weeks it traded between $9 and $15, and at that close it sat 84% of the way up from that low. Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 11 weeks running. Over the last 5.8 years the share price moved +35% while the S&P 500 moved +101%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 21 August 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does Ermenegildo Zegna N.V. pay? Ermenegildo Zegna N.V. has 1 quarter of declared dividends on file, too few for a 12-month total. The most recent declaration was $0.12 for Dec 2023. Ermenegildo Zegna N.V. declared a dividend in 1 of the last 12 reported quarters, most recently $0.12 for Dec 2023. That is fewer than four quarters, so no 12-month total is shown. ## Which stock lists is Ermenegildo Zegna N.V. on? Ermenegildo Zegna N.V. is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list. ## Is Ermenegildo Zegna N.V. profitable? Ermenegildo Zegna N.V. earned $23.2 M of net profit in the Jun 2026 quarter, −46.2% on the same quarter a year earlier. Full-year FY25 profit was $109 M. That is 2.3% of the quarter's revenue. The same quarter a year earlier earned $25.1 M. 1 of the last 12 reported quarters were loss-making. For the full year, FY25 profit was $109 M (+20.5% on the year before). Why profit moved: revenue changed +6.4% on a year earlier and the margin moved −0.1 percentage points. Sales did the work, and the margin was about flat. On average over the last four quarters, profit changed +0.3% and revenue +0.4%. Profit and revenue are moving at about the same pace. ## How much revenue does Ermenegildo Zegna N.V. make, and is it growing? Ermenegildo Zegna N.V. reported $987 M of revenue in the Jun 2026 quarter, +6.4% on the same quarter a year earlier. That is the 2nd quarter in a row with growth on the year before. Over 4 years it has grown 10.4% a year on average. The last full year, FY25, came in at $1.9 B. FY25 revenue was $1.9 B, −1.5% on the year before. Recent pace: the last four quarters grew +0.4% on average, against 10.4% a year over the longer run, so this year is growing slower than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +7.2%, against +21.5% a year over the last 8 quarters (rolling over). ## How much of every $100 of sales does Ermenegildo Zegna N.V. keep? Ermenegildo Zegna N.V.'s operating margin was 7.2% in the Jun 2026 quarter, 0.1 percentage points lower than the same quarter a year ago. Over the last four quarters it has moved −1.1 percentage points. Across 5 years it has been between 8.5% and 11.8%. The latest quarter is below every full year in that period. Why the margin moved: operating margin changed −1.1 percentage points on the year while gross margin changed +1.2 points. So the drop came mostly from the gross margin, which means input costs and prices charged. ## Is Ermenegildo Zegna N.V.'s profit turning into cash? Over the last 3 years, 265% of Ermenegildo Zegna N.V.'s reported profit came in as cash from its operations, so the profit is backed by cash. In FY25 it brought in $336 M of operating cash against $109 M of profit. After $80.5 M of spending on assets, $255 M was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does Ermenegildo Zegna N.V.'s cash go? Ermenegildo Zegna N.V. does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $238 M on assets over the last 3 years. Averaged over those years that is 4.1% of FY25 revenue a year. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. Spending on assets: $238 M over the last 3 years. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Ermenegildo Zegna N.V.'s P/E ratio, and how does it compare with its own history? Ermenegildo Zegna N.V.'s P/E is 41.4×, with too little history to compare. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved +26.6% while the price moved +36.2%. The price did better than earnings, which pushed the multiple up within its own range. Where the price move came from: over 5 years the price moved +6.8% a year; about −35.4% a year came from earnings growth and about +42.2 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: there is too little history to say whether the multiple is high or low for this company, so the earnings trend underneath matters more than the multiple. ## Is the Ermenegildo Zegna N.V. business getting better or worse? Ermenegildo Zegna N.V.'s business is giving mixed signals. Revenue growth is rising from its low at +6.4% (from single-quarter figures) while profit growth is falling at −46.2% (from single-quarter figures), so the lines disagree and each one tells part of the story. This is based on 11 quarters of 3 measures, with some gaps. Why it matters: when the lines disagree, each line above matters more than any single label. One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result. This reading has some gaps: at least one line is short, or the return line is not the quarterly series, so treat it with a little more caution. ## How much does Ermenegildo Zegna N.V. earn on its capital? Ermenegildo Zegna N.V. earned a ROE of 10% in FY25. That is up from a low of −20% in FY21. Its return on capital used (ROIC) is 1.3 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 5.7% net margin and 0.68× asset turnover (sales divided by assets). Why the return is what it is (FY25): a 5.7% net margin × 0.68× asset turnover × 2.58× leverage (assets divided by equity) ≈ 10.0% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 6.3% − 7.6% = −1.3 percentage points. The 7.6% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. ## Does Ermenegildo Zegna N.V. have too much debt? Ermenegildo Zegna N.V. has total debt of $1.2 B against shareholder equity of $1.1 B as of Jun 2026, so its debt is 1.05× its equity. Year by year, that ratio went from 1.68 in FY21 to 0.89 in FY25. Keep that borrowing in mind when reading the returns on this page. ## What is the Ermenegildo Zegna N.V. shareholding pattern? 13.6% of Ermenegildo Zegna N.V.'s tradable shares are in short positions, which are bets that the price will fall, so a large group of traders is betting against it. At normal trading volumes, closing those positions would take about 6.9 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. It is a single reading at one point in time; we do not have its history. Why it is at this level: the figure does not say who holds the short positions or why, so we show the level without guessing the story. ## How far is Ermenegildo Zegna N.V. from balance-sheet trouble? For Ermenegildo Zegna N.V., the Z-score is 2.01. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is in the grey area between the two. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. Why it matters: a Z-score of 2.01 is in the grey area, neither clearly safe nor clearly in trouble. ## How does Ermenegildo Zegna N.V. rank in its industry? 47.1 out of 100, rank 8 of 16 in Apparel Manufacturing, with 51% of the evidence available. Ermenegildo Zegna N.V. scores 47.1 out of 100 against the 16 companies it is compared with in Apparel Manufacturing, ranking 8. Some evidence is missing, so the score is pulled toward the middle on purpose. The four parts add up to the total exactly: 17.1 + 10.3 + 8.7 + 11 = 47.1. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Ermenegildo Zegna N.V. compared with? Ermenegildo Zegna N.V. ranks 8 of 16 Apparel Manufacturing companies on the 4-Factor Sector Score, with 47.1 out of 100. 1. [FIGS, Inc.](https://www.sectoralpha.in/us/stocks/figs) FIGS · leader · Most evidence points up · 81% evidence 74.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 30.7/35 · Revenue 24.7% · Profit 100% · Operating margin change 11.4 points · 83% evidence Capital efficiency 15.4/25 · ROCE 13.9% · Operating margin 17.9% · 76% evidence Valuation 8.6/20 · P/E 27.6× · PEG 1.7 · 65% evidence Relative strength 20.0/20 · Lead over its industry 38.9% · Lead over S&P 500 50.3% · 1 year 143.5% · 100% evidence · 11 of 12 weeks ahead Exact sum: 30.7 + 15.4 + 8.6 + 20 = 74.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [Ralph Lauren Corporation](https://www.sectoralpha.in/us/stocks/rl) RL · turning · Most evidence points up · 81% evidence 69.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.0/35 · Revenue 14.7% · Profit 23.9% · Operating margin change 1.5 points · 83% evidence Capital efficiency 21.6/25 · ROCE 24.1% · Operating margin 18.4% · 76% evidence Valuation 12.1/20 · P/E 24.9× · PEG 0.93 · 65% evidence Relative strength 9.1/20 · Lead over its industry -5.3% · Lead over S&P 500 2.5% · 1 year 21.5% · 100% evidence · 0 of 12 weeks ahead Exact sum: 27 + 21.6 + 12.1 + 9.1 = 69.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Kontoor Brands, Inc.](https://www.sectoralpha.in/us/stocks/ktb) KTB · turning · Too little evidence to rank firmly · 58% evidence 64.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.8/35 · Revenue n/a · Profit n/a · Operating margin change 1.9 points · 45% evidence Capital efficiency 20.5/25 · ROCE 23.8% · Operating margin 15.5% · 76% evidence Valuation 10.1/20 · P/E 17.5× · PEG n/a · 15% evidence Relative strength 9.9/20 · Lead over its industry -5.3% · Lead over S&P 500 2.3% · 1 year 6.6% · 100% evidence · 2 of 12 weeks ahead Exact sum: 23.8 + 20.5 + 10.1 + 9.9 = 64.3 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 4. [Columbia Sportswear Company](https://www.sectoralpha.in/us/stocks/colm) COLM · turning · Evidence leans up · 64% evidence 61.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.1/35 · Revenue -0.2% · Profit -8.4% · Operating margin change 8.9 points · 62% evidence Capital efficiency 13.8/25 · ROCE 14% · Operating margin 5% · 76% evidence Valuation 10.3/20 · P/E 15.3× · PEG n/a · 15% evidence Relative strength 17.7/20 · Lead over its industry 4% · Lead over S&P 500 12.4% · 1 year 35.6% · 100% evidence · 2 of 12 weeks ahead Exact sum: 20.1 + 13.8 + 10.3 + 17.7 = 61.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [Canada Goose Holdings Inc.](https://www.sectoralpha.in/us/stocks/goos) GOOS · basing · Evidence leans up · 74% evidence 55.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.9/35 · Revenue 12.5% · Profit 21.3% · Operating margin change 59.9 points · 62% evidence Capital efficiency 12.2/25 · ROCE 15.3% · Operating margin -87.3% · 76% evidence Valuation 12.8/20 · P/E 63.2× · PEG 0.43 · 65% evidence Relative strength 6.2/20 · Lead over its industry -31.4% · Lead over S&P 500 -25.6% · 1 year -34.3% · 100% evidence · 0 of 12 weeks ahead Exact sum: 23.9 + 12.2 + 12.8 + 6.2 = 55.1 · What this means: Earnings are strong; relative strength in its sector is -31.4% and the one-year return is -34.3%. 6. [Levi Strauss & Co.](https://www.sectoralpha.in/us/stocks/levi) LEVI · quiet · Evidence leans up · 85% evidence 54.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.4/35 · Revenue 6.6% · Profit -2.2% · Operating margin change -1.4 points · 95% evidence Capital efficiency 16.3/25 · ROCE 15% · Operating margin 10.4% · 76% evidence Valuation 15.5/20 · P/E 13.9× · PEG 0.23 · 65% evidence Relative strength 6.8/20 · Lead over its industry -7% · Lead over S&P 500 0.5% · 1 year 13% · 100% evidence · 0 of 12 weeks ahead Exact sum: 15.4 + 16.3 + 15.5 + 6.8 = 54 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 7. [V.F. Corporation](https://www.sectoralpha.in/us/stocks/vfc) VFC · turning · Evidence leans down · 64% evidence 47.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.4/35 · Revenue 0.2% · Profit n/a · Operating margin change -1.6 points · 62% evidence Capital efficiency 7.2/25 · ROCE 9.5% · Operating margin -5.5% · 76% evidence Valuation 8.9/20 · P/E 32.4× · PEG n/a · 15% evidence Relative strength 16.2/20 · Lead over its industry 2% · Lead over S&P 500 10.3% · 1 year 36.9% · 100% evidence · 2 of 12 weeks ahead Exact sum: 15.4 + 7.2 + 8.9 + 16.2 = 47.7 · What this means: Relative strength against the index is 10.3%, and revenue and profit growth are weak. 8. Ermenegildo Zegna N.V. this page ZGN · quiet · Too little evidence to rank firmly · 51% evidence 47.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.1/35 · Revenue n/a · Profit n/a · Operating margin change -0.1 points · 26% evidence Capital efficiency 10.3/25 · ROCE 7.3% · Operating margin 7.2% · 76% evidence Valuation 8.7/20 · P/E 38.9× · PEG n/a · 15% evidence Relative strength 11.0/20 · Lead over its industry 2.1% · Lead over S&P 500 10.2% · 1 year 41.8% · 100% evidence · 0 of 12 weeks ahead Exact sum: 17.1 + 10.3 + 8.7 + 11 = 47.1 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 9. [PVH Corp.](https://www.sectoralpha.in/us/stocks/pvh) PVH · turning · Evidence leans down · 75% evidence 46.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 9.9/35 · Revenue 1.6% · Profit -136.1% · Operating margin change -2.4 points · 95% evidence Capital efficiency 9.0/25 · ROCE 7.5% · Operating margin 5.3% · 76% evidence Valuation 9.5/20 · P/E 26.6× · PEG n/a · 15% evidence Relative strength 18.1/20 · Lead over its industry 4.1% · Lead over S&P 500 12.5% · 1 year 18.8% · 100% evidence · 2 of 12 weeks ahead Exact sum: 9.9 + 9 + 9.5 + 18.1 = 46.5 · What this means: Relative strength against the index is 12.5%, and revenue and profit growth are weak. 10. Superior Group of Companies, Inc. SGC · quiet · Evidence leans down · 81% evidence 41.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.1/35 · Revenue -0.3% · Profit 0% · Operating margin change 1.1 points · 83% evidence Capital efficiency 8.0/25 · ROCE 5.6% · Operating margin 3.2% · 76% evidence Valuation 5.6/20 · P/E 24.8× · PEG 3.17 · 65% evidence Relative strength 10.6/20 · Lead over its industry 0.4% · Lead over S&P 500 8.6% · 1 year 39.5% · 100% evidence · 1 of 12 weeks ahead Exact sum: 17.1 + 8 + 5.6 + 10.6 = 41.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [G-III Apparel Group, Ltd.](https://www.sectoralpha.in/us/stocks/giii) GIII · quiet · Evidence leans down · 85% evidence 38.1 out of 100 Growth Capital Valuation Relative
12. [Gildan Activewear Inc.](https://www.sectoralpha.in/us/stocks/gil) GIL · quiet · Most evidence points down · 81% evidence 33.7 out of 100 Growth Capital Valuation Relative
13. [Under Armour, Inc.](https://www.sectoralpha.in/us/stocks/uaa) UAA · quiet · Most evidence points down · 64% evidence 29.7 out of 100 Growth Capital Valuation Relative
14. [Oxford Industries, Inc.](https://www.sectoralpha.in/us/stocks/oxm) OXM · basing · Most evidence points down · 75% evidence 28.1 out of 100 Growth Capital Valuation Relative
15. JX Luxventure Group Inc. JXG · Too little evidence to rank firmly · 22% evidence 39.6 out of 100 Growth Capital Valuation Relative
16. Lakeland Industries, Inc. LAKE · Too little evidence to rank firmly · 47% evidence 30.3 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led S&P 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Apparel Manufacturing](https://www.sectoralpha.in/us/sectors/apparel-manufacturing), all 16 compared on one page. ## Which companies are close to Ermenegildo Zegna N.V. in size? Ermenegildo Zegna N.V. is the 7th largest of 14 Apparel Manufacturing companies on Sector Alpha by market value (scores of 3 November 2026). Just above it: Gildan Activewear Inc., Kontoor Brands, Inc. and PVH Corp. Just below it: Columbia Sportswear Company, FIGS, Inc. and Under Armour, Inc. ### Apparel Manufacturing companies close in size

1. [Gildan Activewear Inc.](https://www.sectoralpha.in/us/stocks/gil) $7.5 billion
2. [Kontoor Brands, Inc.](https://www.sectoralpha.in/us/stocks/ktb) $4.2 billion
3. [PVH Corp.](https://www.sectoralpha.in/us/stocks/pvh) $4.2 billion
4. Ermenegildo Zegna N.V. $3.7 billion
5. [Columbia Sportswear Company](https://www.sectoralpha.in/us/stocks/colm) $3.6 billion
6. [FIGS, Inc.](https://www.sectoralpha.in/us/stocks/figs) $3.5 billion
7. [Under Armour, Inc.](https://www.sectoralpha.in/us/stocks/uaa) $2.3 billion

[All 14 Apparel Manufacturing companies, largest first](https://www.sectoralpha.in/us/sectors/apparel-manufacturing#all-companies)

### Companies close in size in other industries

1. [Nicolet Bankshares, Inc.](https://www.sectoralpha.in/us/stocks/nic) $3.6 billion · Banks - Regional
2. [Organon & Co.](https://www.sectoralpha.in/us/stocks/ogn) $3.6 billion · Drug Manufacturers - General
3. Ermenegildo Zegna N.V. $3.6 billion
4. [First Interstate BancSystem, Inc.](https://www.sectoralpha.in/us/stocks/fibk) $3.6 billion · Banks - Regional
5. [Life360, Inc.](https://www.sectoralpha.in/us/stocks/lif) $3.6 billion · Software - Application

## What else do people ask about Ermenegildo Zegna N.V.? ### What were Ermenegildo Zegna N.V.'s latest quarterly results? Ermenegildo Zegna N.V. reported revenue of $987 M and net profit of $23.2 M for the Jun 2026 quarter. Revenue rose 6.4% and profit fell 46.2% compared with a year earlier. Earnings per share were $0.09. The operating margin was 7.2%, 0.1 percentage points lower than a year earlier (as of 3 November 2026). ### What is Ermenegildo Zegna N.V.'s market cap? Ermenegildo Zegna N.V.'s market capitalisation is $3.7 B at a stock price of $13.91. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Ermenegildo Zegna N.V. performing? Ermenegildo Zegna N.V.'s share price has been rising for 8 weeks. In its latest quarter, revenue rose 6.4% and profit fell 46.2% compared with a year earlier. Over the past 13 weeks it has done worse than the S&P 500, for 11 weeks running (as of 3 November 2026). ### Will Ermenegildo Zegna N.V.'s stock price go up? This page does not forecast Ermenegildo Zegna N.V.'s stock price. What it shows instead: the stock price is $13.91, and it has been rising for 8 weeks. Nobody can reliably say which way a price will move, and this site does not try (as of 3 November 2026). ### Where is Ermenegildo Zegna N.V. in its business cycle? Ermenegildo Zegna N.V.'s FY25 operating margin was 8.5%, against a 5-year range of 8.5% to 11.8%: the low end of its own range, which is often where recoveries start. The latest quarter was 7.2%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Ermenegildo Zegna N.V. story? Biggest thing to watch: the price has already been rising for 8 weeks, so timing is the risk more than the business. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Ermenegildo Zegna N.V. a stock worth studying right now? What the numbers show: Ermenegildo Zegna N.V.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: the next one or two quarters of results. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). This is research, not advice. We’re not SEBI-registered.