ZYBERNO
Stock Report
Updated Sep 2, 2026

ZIONS BANCORPORATION, NATIONAL ASSOCIATION (ZIONP)

Financial Services • NASDAQ

$17.71

Professional Investment Analysis

ZYBERNO SCORE
Is it a great business? Is it getting better?
46.0/100
WEAK BUSINESS
ZIONS BANCORPORATION, NATIONAL ASSOCIATION (ZIONP) scores 46/100 — weak fundamentals with mixed indicators requiring careful analysis before acting.
📊 How is the Zyberno Score calculated? +
VALUATION SIGNAL
Business Model Limitation
ZIONS BANCORPORATION, NATIONAL ASSOCIATION operates in the Banking industry. Owner Earnings-based DCF analysis — the foundation of both the Margin of Safety and the Brina Gap — is not well-suited to companies whose business model is structurally built around leverage: banks, insurers, mortgage companies, and REITs. These businesses are typically valued using sector-specific metrics such as Price-to-Book, Price-to-FFO, or Net Asset Value. Treat these signals as directional only.
MARGIN OF SAFETY
Is this stock cheap or expensive relative to what the business has historically generated for owners?
+41.8%
Undervalued
Growth gap unavailable — insufficient data for reverse DCF calculation.
🎯 Expected Annual Return
15.3%
5-year annualised assuming price converges to intrinsic value
💰 How is Margin of Safety calculated? +
📈 How is Brina Gap calculated? +

Critical Financial Health Indicators

Return on Equity (Profitability):GOOD (16.1%)
Debt-to-Equity (Solvency Risk):EXCELLENT (0.07x)
Operating Margin (Operational Efficiency):CRITICAL (0.0%)
Return on Capital (Capital Efficiency):CRITICAL (0.0%)
📊 Valuation Trilogy
Three interconnected metrics for complete valuation analysis
Click any metric for full methodology and detailed analysis
Zyberno's Verdict

ZIONS BANCORPORATION, NATIONAL ASSOCIATION (ZIONP) stock report — Zyberno Score 46/100 (WEAK BUSINESS), Margin of Safety +41.8%, 15% expected annual return. Full financial analysis on Zyberno.

According to Zyberno's DCF model, ZIONS BANCORPORATION, NATIONAL ASSOCIATION (ZIONP) trades at $17.71 against an estimated intrinsic value per share of $30.42 — a +41.8% Margin of Safety based on Owner Earnings of $1.21B TTM, projected at 3.8% growth for 10 years with a 2.5% terminal growth rate. Zyberno's model translates this into a 5-year expected return of 15.3% annually.

Over the trailing twelve months, ZIONP generated $1.21B in Owner Earnings. Capital was deployed as follows: $77.00M returned via share buybacks, $271.00M paid as dividends, $160.00M invested in capital expenditures. Owner Earnings have grown at 3.8% annually over the trailing five years using log-linear regression.

DIVISION I: EXECUTIVE SUMMARY
A. Market Valuation

Market Price & Capitalization (2)

Current Price:17.71
Market Cap:$10.27B

Valuation Multiples (4)

P/B Ratio:1.34x
P/S Ratio:2.49x
Peg Ratio:0.05x

Enterprise Metrics (3)

Enterprise Value:$11.47B
Ev Ebitda Ratio:97.17x
Pfcf Ratio:8.71x

Price Action & Momentum (3)

Momentum Percentile:27 / 100
% of 52-Week High:24.1%
B. Profitability Assessment

Margin Analysis (2)

Net Margin Ttm:28.4%
Ebitda Margin:2.9%

TTM Performance (1)

Net Margin Ttm:28.4%

Yield Metrics (3)

Earnings Yield:$43.61
Owner Earnings Yield:$11.59
Dividend Yield:2.6%
C. Log-Linear Regression Growth Trends

Earnings Surprise (SUE) (3)

EPS Surprise vs Expected:85.1%
Latest Earnings Filed:2026-08-06

Revenue Growth (Linear) (1)

Revenue Growth Rate (Linear):6.2%

Earnings Growth (Linear) (1)

Net Income Growth Rate (Linear):11.4%

Cash Flow Growth (Linear) (2)

Free Cash Flow Growth Rate (Linear):5.2%
Operating Cash Flow Growth Rate (Linear):2.9%
D. Financial Stability

Liquidity Ratios (3)

Current Ratio:0.01x
Quick Ratio:0.01x
Cash Ratio:0.01x

Leverage Analysis (3)

Debt To Equity Ttm:0.07x
Debt-to-Equity Ratio:0.07x
Debt To Ebitda:16.89x

Coverage Ratios (2)

Interest Coverage Ratio:0.00x
Times Interest Earned:0.00

Capital Structure (4)

Working Capital:-75,815,000,000.00
Cash And Cash Equivalents:793,000,000.00
Long Term Debt:$1.96B
Net Debt:$1.20B
DIVISION II: FINANCIAL STATEMENTS ANALYSIS
A. Income Statement Analysis

Revenue Components (2)

Revenue TTM: $4.12B
Linear Growth: 6.2%
📊 Click to view full ZIONP Revenue analysis & methodology →
Cost Of Revenue Ttm:$0.00

Profitability Breakdown (2)

$0.00$0.00

Bottom Line Performance (3)

Net income TTM: $1.17B
Linear Growth: 11.4%
📊 Click to view full ZIONP Net Income analysis & methodology →
Income Before Tax:$1.50B
Ebitda Ttm:118,000,000.00

Operating Expenses (5)

Operating Expenses:2,186,000,000.00
R And D Expense:0.00
Sga Expense:0.00
Income Tax Expense:$330.00M
Interest Expense:2,694,000,000.00

Expense Ratios (3)

R And D To Revenue Percentage:0.0%
Sga To Revenue Percentage:0.0%
Ebitda Margin:2.9%
B. Balance Sheet Analysis

Asset Composition (5)

Total Assets:$89.04B
Current Assets:$793.00M
Ppe Net:0.00
Goodwill:1,016,000,000.00
Intangible Assets:$2.00M

Liability Structure (4)

Total Liabilities:81,360,000,000.00
Current Liabilities:76,608,000,000.00
Long Term Debt:$1.96B
Short Term Debt:$37.00M

Equity & Capital (3)

Equity:$7.68B
Retained Earnings:$7.88B
Common Stock:1,602,000,000.00

Working Capital Items (3)

Accounts Receivable:0.00
Inventory:0.00
Accounts Payable:0.00

Special Items (2)

Contract Liabilities:0.00
Stock Based Compensation:18,000,000.00
C. Cash Flow Analysis

Operating Activities (2)

Operating cash flow TTM: $1.32B
Linear Growth: 2.9%
Free cash flow TTM: $1.16B
Linear Growth: 5.2%
📊 Click to view full ZIONP Free Cash Flow analysis & methodology →

Investment Activities (2)

Investing Cash Flow:$428.00M
Capital Expenditures Ttm:160,000,000.00

Financing Activities (3)

Financing Cash Flow:-$873.00M
Dividends Paid Ttm:271,000,000.00
Stock Repurchase:77,000,000.00

Capital Transactions (3)

Common Stock Issuance:14,000,000.00
Long Term Debt Issuance:$497.00M
Long Term Debt Repayments:$128.00M

Non-Cash Items (1)

Depreciation Amortization Ttm:118,000,000.00
DIVISION III: OPERATIONAL METRICS
A. Per Share Analysis

Earnings Per Share (3)

EPS (Basic TTM):7.85
Eps diluted TTM: $7.85
Linear Growth: 12.9%
📊 Click to view full ZIONP EPS analysis & methodology →
Earnings Per Share Ttm:$2.02

Revenue & Cash Per Share (3)

Sales Per Share Ttm:7.11
Operating Cash Flow Per Share:$1.85
Fcf Per Share Ttm:2.07

Book Value & Capital (2)

Book Value Per Share:$13.25
Cash Per Share:1.37

Dividend Policy (1)

Dividend Payout Ratio:23.52x
B. Operational Efficiency

Asset Utilization (2)

Asset Turnover Ttm:0.05x
Working Capital Turnover Ttm:-999.00x

Receivables Management (2)

Receivables Turnover Ttm:-999.00x
Days Sales Outstanding Ttm:-999.00

Inventory Management (2)

Inventory Turnover Ttm:-999.00x
Days Inventory Outstanding Ttm:-999.00

Payables & Cash Cycle (2)

Days Payable Outstanding:-999.00
Cash Conversion Cycle:-999.00
C. Quality & Risk Metrics

Financial Quality Scores (2)

Financial Strength Score:60.00
Quality Score:90.00

Market Metrics (2)

Beta:0.00x
Volatility Category:unknown
DIVISION IV: INVESTMENT ANALYSIS
A. Value Investment Framework

Owner Earnings Analysis (3)

Owner earnings TTM: $1.21B
Linear Growth: 3.8%
📊 Click to view full ZIONP Owner Earnings analysis & methodology →
Owner Earnings Per Share:$2.09
Owner Earnings Yield:$11.59

Growth Assessment (1)

Owner Earnings Growth Rate:$3.85

Intrinsic Value Models (1)

Return Scenarios (1)

Investment Assessment (1)

Buffett Assessment:Excellent margin of safety
B. Log-Linear Regression Growth Analysis

Growth Rates (Log-Linear Regression) (2)

Revenue Growth Rate (Linear):6.2%
Net Income Growth Rate (Linear):11.4%

Cash Flow Growth Rates (2)

Free Cash Flow Growth Rate (Linear):5.2%
Operating Cash Flow Growth Rate (Linear):2.9%

Other Growth Rates (2)

Book Value Growth Rate (Linear):8.5%
Owner Earnings Growth Rate:$3.85
C. Company Profile & Context

Corporate Information (6)

Symbol:ZIONP
Company Name:ZIONS BANCORPORATION, NATIONAL ASSOCIATION
Sector:Financial Services
Industry:Banking
Exchange:NASDAQ
Country:United States

Market Classification (3)

Market Cap Category:N/A
Price Category:medium
Volume Category:N/A

Share Structure (3)

Shares Outstanding:579.71M
Shares Outstanding Basic:146.12M
Shares Outstanding Diluted:146.21M

Data Processing Info (3)

Processing Version:v3.0
Last Updated:2026-09-02 07:36:16 UTC
Data Timestamp:2026-08-24T22:41:16.792995
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