2.4x sales with AI-driven platform locks in agents and outgrows housing market.
Zillow is one of the cheapest stocks on the market at 2.4x sales and 11x forward earnings, with AI tools that deepen agent and renter platform stickiness and outgrowing the housing market.
Zillow's AI tools (automated follow-ups, 3D floor plans, style visualization) increase platform stickiness for agents and renters. Residential outgrowing the market, rentals 34% CAGR, mortgages 45%. Valuation at 2.4x sales and 11x forward earnings is too cheap for a platform with this data advantage and multi-trillion TAM.