ZM PE Ratio data by YCharts Zoom's financials remain strong, but I think the company needs to improve future growth prospects to justify trading at current valuation multiples. Zoom Video Communications (NASDAQ: ZM) rewarded shareholders who bought the stock prior to the pandemic, returning 391% in 2020. A rough start to 2022 despite strong financial performance Zoom shares have lost over 60% of their value in the past six months as part of a broader tech sell-off in response to rising interest rates and inflation.