Why not use a P-channel instead, sourcing current into a 10K resistor to Gnd.When the P-channel opens up, the resistor pulls the analog pin low.Oherwise, post a schematic so we can see where this 48V is coming from.
Well, a Zener is only going to clamp the voltage if it can bring the supply side down to its cutoff voltage. In other words, it will try to pull your 48v rail to 5v (or whatever). If it's a high-current rail, it will probably fail to do so, catastrophically. If it succeeds (a BIG Zener!), your 48v rail, isn't.The solution to this is to have a series resistance before the Zener. But then you have resistance (other than the current sensing "resistor" formed by the Rds of the FET) in your sensing circuit that you have to deal with.If this is not news to you, you've found some suitable way to account for that series resistance, and you're able to to keep the shunt current within limits of the part, then I'm with the other guys here. The manufacturer should be able to supply reliability specs. :-)
Basically, I am using the source-drain resistance of the MOSFET as a current-sense resistor. A crude measurement of the current is all that is necessary.
Of course, doing this will guarantee that your 48v rail either never reaches 48v, or that the Zener will vaporize shortly after power-up.