ZBRA vs VSH vs BELFA Stock Comparison

Zebra Technologies, Vishay Intertechnology and Bel Fuse Prices as of Oct 23, 2026 Peers: Industry group
ZBRA Zebra Technologies Corp
$386.45 +4.2% 1M +23.1% 1Y
Market cap
$18.31B
P/E
34.0x
Revenue (TTM)
$5.85B
Div. yield
–
Electronic Components Technology
4 wins
VSH Vishay Intertechnology Inc
$26.70 -18.1% 1M +57.7% 1Y
Market cap
$3.65B
P/E
128.5x
Revenue (TTM)
$3.32B
Div. yield
0.01%
Electronic Components Technology
2 wins
BELFA Bel Fuse Inc /Nj
$160.80 -21.2% 1M +19.0% 1Y
Market cap
$2.27B
P/E
42.3x
Revenue (TTM)
$744.09M
Div. yield
–
Electronic Components Technology
5 wins

Head to Head

11 decided of 12

Bel Fuse leads on 5 of the 12 questions below (Bel Fuse 5, Zebra Technologies 4, Vishay Intertechnology 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionZBRAVSHBELFALeader
Larger companyMarket capitalisation $18.31B $3.65B $2.27B ZBRA
Cheaper on earningsLower P/E, profitable companies only 34.0x 128.5x 42.3x ZBRA
Cheaper on forward earningsLower price / next fiscal year consensus EPS 17.1x 33.8x 15.5x BELFA
Faster revenue growthRevenue growth, trailing twelve months +12.7% +13.4% +25.3% BELFA
More profitableNet margin, trailing twelve months 9.2% 0.9% 7.2% ZBRA
Better return on capitalReturn on invested capital 10.6% 1.2% 12.7% BELFA
Less leveragedLower net debt / EBITDA 2.4x -1.0x — VSH
Higher dividend yieldTrailing dividend yield 0.00% 0.01% 0.00% –
Better 1-year returnPrice return, last 12 months +23.1% +57.7% +19.0% VSH
Better 5-year returnAnnualised price return, 5 years -6.1%/yr +6.7%/yr +63.7%/yr BELFA
Less volatileAnnualised volatility, 1 year 47.2% 69.6% 59.0% ZBRA
Higher overall scoreMean of the five percentile scores vs peers 61/100 51/100 64/100 BELFA

Percentile Scorecard

ZBRAVSHBELFA

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisZBRAVSHBELFA
Valuation 63 #42 of 112 75 #29 of 112 78 #26 of 112
Growth 48 #57 of 109 43 #63 of 109 60 #44 of 109
Profitability 85 #17 of 105 48 #55 of 105 75 #27 of 105
Financial Health 17 #97 of 117 46 #64 of 117 81 #23 of 117
Shareholder Returns 93 #7 of 82 42 #48 of 82 28 #59 of 82
Overall 61 51 64
  • ZBRA ranked among 122 companies in Computer Hardware
  • VSH ranked among 122 companies in Computer Hardware
  • BELFA ranked among 122 companies in Computer Hardware

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodZBRAVSHBELFASPY
1 month +4.2%-18.1%-21.2% -1.0%
3 months +48.7%-30.1%-31.0% +2.9%
6 months +69.7%-5.3%-36.4% +6.4%
Year to date +59.2%+84.3%+5.9% +11.4%
1 year +23.1%+57.7%+19.0% +13.1%
3 years +87.7%+16.8%+311.4% +79.4%
3 years, per year +23.4%+5.3%+60.3% +21.5%
5 years -26.8%+38.0%+1,072.0% +67.7%
5 years, per year -6.1%+6.7%+63.7% +10.9%
10 years +497.3%+90.4%+685.5% +255.2%
10 years, per year +19.6%+6.7%+22.9% +13.5%

Risk

MeasureZBRAVSHBELFASPY
Volatility, 1Y 47.2%69.6%59.0% 12.7%
Downside volatility, 1Y 42.0%69.8%67.3% 12.7%
Beta vs S&P 500, 1Y 1.673.012.25 1.00
Return / volatility, 1Y 0.490.830.32 1.03
Max drawdown, 5Y -67.8%-64.8%-44.8% -25.4%
From 52-week high -1.2%-58.9%-44.8% -2.5%
52-week high $391.00$64.90$291.23 $779.14
52-week low $199.30$11.82$114.02 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleZBRAVSHBELFA
P/E now vs peer median 34.2xmedian 31.3x 128.6xmedian 31.3x 40.7xmedian 31.3x
P/S now vs peer median 3.1xmedian 2.6x 1.1xmedian 2.6x 2.7xmedian 2.6x
EV/EBITDA now vs peer median 19.5xmedian 19.6x 10.2xmedian 19.6x 11.4xmedian 19.6x
P/FCF now vs peer median 20.2xmedian 28.3x -542.1xmedian 28.3x 27.0xmedian 28.3x
P/B now vs peer median 5.3xmedian 2.9x 1.3xmedian 2.9x 2.2xmedian 2.9x
PEG now vs peer median -9.05median 1.15 -2.15median 1.15 -2.94median 1.15

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsZBRAVSHBELFA
Revenue $5.85B $3.32B $744.09M
Gross profit $2.90B $694.64M $294.08M
Operating income $858.00M $109.59M $118.20M
Net income $539.00M $28.40M $77.96M
Free cash flow $904.00M -$6.96M $73.34M
R&D $622.00M – $33.09M
EPS (diluted) $11.20 $0.19 $3.94
Cash & equivalents $157.00M $1.30B $306.11M
Total debt $2.77B $972.29M $627.00M
Shares (diluted) 48.13M 147.90M 13.61M
Enterprise value $16.87B $907.62M $1.79B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricZBRAVSHBELFA
P/E 34.2x 128.6x 40.7x
P/FCF 20.2x -542.1x 27.0x
P/Operating cash flow 18.7x 10.9x 23.7x
P/S 3.1x 1.1x 2.7x
P/B 5.3x 1.3x 2.2x
P/Tangible book 6.7x 1.3x 2.9x
EV/EBITDA 19.5x 10.2x 11.4x
EV/EBIT 24.4x 31.4x 14.2x
EV/Revenue 3.6x 1.0x 2.3x
EV/FCF 23.1x -494.6x 22.8x
EV/Operating cash flow 21.3x 9.9x 20.1x
PEG (3Y EPS CAGR) -9.05 -2.15 -2.94

Growth

14 metrics
MetricZBRAVSHBELFA
Revenue growth (1Y) 12.7% 13.4% 25.3%
Revenue CAGR (3Y) 2.1% -2.2% 2.6%
Gross profit growth (1Y) 14.9% 20.3% 30.8%
Gross profit CAGR (3Y) 4.2% -13.5% 11.3%
Operating income growth (1Y) 8.1% 310.6% 50.2%
Operating income CAGR (3Y) -0.9% -43.6% 10.6%
Net income growth (1Y) -1.6% 132.6% 30.7%
Net income CAGR (3Y) -6.1% -59.3% 2.2%
EPS growth (1Y) 4.8% 129.8% -2.1%
EPS CAGR (3Y) -3.8% -59.9% -13.9%
Operating cash flow growth (1Y) 5.8% 175.7% 29.3%
Operating cash flow CAGR (3Y) 63.5% -17.4% 6.2%
Free cash flow growth (1Y) 6.0% 96.6% 52.7%
Free cash flow CAGR (3Y) 83.6% -26.5% 8.5%

Profitability

14 metrics
MetricZBRAVSHBELFA
Gross margin 49.6% 20.9% 39.5%
EBITDA margin 18.3% 10.2% 19.8%
Operating margin 14.7% 3.3% 15.9%
Pretax margin 12.1% 2.2% 12.5%
Net margin 9.2% 0.9% 7.2%
FCF margin 15.5% -0.2% 9.9%
Operating cash flow margin 16.7% 10.4% 11.2%
Return on equity 15.6% 1.1% 11.6%
Return on assets 6.4% 0.6% 7.0%
Return on invested capital 10.6% 1.2% 12.7%
Return on capital employed 19.1% 3.4% 12.4%
Asset turnover 0.7x 0.7x 0.7x
Cash conversion (OCF / net income) 1.8x 12.2x 1.1x
Stock comp / revenue 3.0% 0.9% 1.2%

Financial Health

11 metrics
MetricZBRAVSHBELFA
Debt / assets 32.0% 18.9% –
Debt / equity 0.8x 0.3x –
Net debt / EBITDA 2.4x -1.0x –
Debt / FCF 3.1x -139.7x –
Liabilities / assets 60.2% 43.5% 28.1%
Equity / assets 39.8% 56.5% 71.9%
Interest coverage – 2.8x 10.8x
Current ratio 0.5x 1.8x 4.5x
Quick ratio 0.3x 1.1x 3.0x
Cash ratio 0.0x 0.9x 2.0x
Altman Z-score 3.76 2.25 5.25

Shareholder Returns

7 metrics
MetricZBRAVSHBELFA
Dividend yield – 1.5% 0.1%
Net buyback yield 4.9% 0.0% –
Shareholder yield 4.9% 1.5% 0.1%
Payout ratio (earnings) – 191.4% –
Payout ratio (FCF) – -780.9% –
Dividend growth (1Y) – -0.2% –
Dividend CAGR (3Y) – -1.3% –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusZBRAVSHBELFA
Forward P/E 17.1xFY2026 33.8xFY2026 15.5xFY2026
EPS, next fiscal year $22.59FY2026 $0.79FY2026 $10.39FY2026
EPS growth, next FY +42.6%FY2026 – +46.3%FY2026
EPS growth, the year after -4.5% +140.5% +3.6%
Revenue, next fiscal year $6.35BFY2026 $3.54BFY2026 $771.32MFY2026
Revenue growth, next FY +17.7%FY2026 +15.4%FY2026 +14.2%FY2026
Revenue growth, the year after +1.2% +23.5% +9.0%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersZBRAVSHBELFA
Held by institutions 100.0% 100.0% 63.1%
Institutions holding 644 468 110
Change in shares held, QoQ +4.5% +14.6% +14.8%
Institutions buying 309 308 70
Institutions selling 242 120 30
Buyers to sellers 1.28 2.57 2.33

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

ZBRAVSHBELFA
ZBRA 1.00 0.26 0.31
VSH 0.26 1.00 0.54
BELFA 0.31 0.54 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, ZBRA, VSH and BELFA?

Zebra Technologies (ZBRA) is the largest by market capitalisation: Zebra Technologies (ZBRA) $18.31B, Vishay Intertechnology (VSH) $3.65B, Bel Fuse (BELFA) $2.27B.

Which stock is cheaper, ZBRA, VSH and BELFA?

Zebra Technologies (ZBRA) trades on the lowest price-to-earnings ratio (Zebra Technologies (ZBRA) 34.0x, Vishay Intertechnology (VSH) 128.5x, Bel Fuse (BELFA) 42.3x). On next year's consensus earnings, Bel Fuse (BELFA) is cheapest (Zebra Technologies (ZBRA) 17.1x, Vishay Intertechnology (VSH) 33.8x, Bel Fuse (BELFA) 15.5x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Bel Fuse (BELFA) grew revenue fastest over the trailing twelve months: Zebra Technologies (ZBRA) +12.7%, Vishay Intertechnology (VSH) +13.4%, Bel Fuse (BELFA) +25.3%.

Which company is more profitable?

Zebra Technologies (ZBRA) has the highest net margin (Zebra Technologies (ZBRA) 9.2%, Vishay Intertechnology (VSH) 0.9%, Bel Fuse (BELFA) 7.2%). On return on invested capital, Bel Fuse (BELFA) leads (Zebra Technologies (ZBRA) 10.6%, Vishay Intertechnology (VSH) 1.2%, Bel Fuse (BELFA) 12.7%).

Which stock has performed better?

Over the past year Vishay Intertechnology (VSH) returned the most: Zebra Technologies (ZBRA) +23.1%, Vishay Intertechnology (VSH) +57.7%, Bel Fuse (BELFA) +19.0%. Over five years, Bel Fuse (BELFA) compounded fastest (Zebra Technologies (ZBRA) -6.1%/yr, Vishay Intertechnology (VSH) +6.7%/yr, Bel Fuse (BELFA) +63.7%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Zebra Technologies (ZBRA) 0.00%, Vishay Intertechnology (VSH) 0.01%, Bel Fuse (BELFA) 0.00%. Zebra Technologies (ZBRA) and Bel Fuse (BELFA) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Zebra Technologies (ZBRA) has been the steadiest (Zebra Technologies (ZBRA) 47.2%, Vishay Intertechnology (VSH) 69.6%, Bel Fuse (BELFA) 59.0%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, ZBRA, VSH and BELFA?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Bel Fuse (BELFA) leads on 5. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.