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Zalando SE (XBUL:ZAL) Cyclically Adjusted Book per Share : лв7.67 (As of Mar. 2025)


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What is Zalando SE Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

Zalando SE's adjusted book value per share for the three months ended in Mar. 2025 was лв19.755. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is лв7.67 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Zalando SE's average Cyclically Adjusted Book Growth Rate was -100.00% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

As of today (2025-05-13), Zalando SE's current stock price is лв29.06. Zalando SE's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was лв7.67. Zalando SE's Cyclically Adjusted PB Ratio of today is 3.79.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Zalando SE was 6.71. The lowest was 2.15. And the median was 3.57.


Zalando SE Cyclically Adjusted Book per Share Historical Data

The historical data trend for Zalando SE's Cyclically Adjusted Book per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Zalando SE Cyclically Adjusted Book per Share Chart

Zalando SE Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 7.38

Zalando SE Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted Book per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - 8.10 7.38 7.67

Competitive Comparison of Zalando SE's Cyclically Adjusted Book per Share

For the Internet Retail subindustry, Zalando SE's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Zalando SE's Cyclically Adjusted PB Ratio Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Zalando SE's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Zalando SE's Cyclically Adjusted PB Ratio falls into.


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Zalando SE Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Zalando SE's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book= Book Value per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=19.755/127.7792*127.7792
=19.755

Current CPI (Mar. 2025) = 127.7792.

Zalando SE Quarterly Data

Book Value per Share CPI Adj_Book
201506 9.471 100.417 12.052
201509 9.334 100.417 11.877
201512 9.870 99.717 12.648
201603 10.144 100.017 12.960
201606 10.671 100.717 13.538
201609 10.733 101.017 13.576
201612 10.572 101.217 13.346
201703 10.778 101.417 13.580
201706 11.752 102.117 14.705
201709 12.485 102.717 15.531
201712 12.973 102.617 16.154
201803 13.139 102.917 16.313
201806 12.343 104.017 15.163
201809 12.326 104.718 15.041
201812 12.520 104.217 15.351
201903 12.108 104.217 14.845
201906 12.605 105.718 15.235
201909 12.393 106.018 14.937
201912 13.248 105.818 15.998
202003 12.818 105.718 15.493
202006 14.156 106.618 16.966
202009 16.280 105.818 19.659
202012 18.186 105.518 22.023
202103 18.643 107.518 22.156
202106 19.097 108.486 22.493
202109 17.444 109.435 20.368
202112 17.065 110.384 19.754
202203 15.208 113.968 17.051
202206 14.872 115.760 16.416
202209 13.963 118.818 15.016
202212 15.840 119.345 16.959
202303 15.954 122.402 16.655
202306 16.806 123.140 17.439
202309 16.510 124.195 16.987
202312 17.493 123.773 18.059
202403 17.769 125.038 18.159
202406 17.768 125.882 18.036
202409 18.892 126.198 19.129
202412 18.959 127.041 19.069
202503 19.755 127.779 19.755

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Zalando SE  (XBUL:ZAL) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Zalando SE's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=29.06/7.67
=3.79

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Zalando SE was 6.71. The lowest was 2.15. And the median was 3.57.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Zalando SE Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Zalando SE's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Zalando SE Business Description

Industry
Address
Valeska-Gert-Strabe 5, Berlin, DEU, 10243
Zalando, founded in 2008, is Europe's biggest pure-play online fashion platform. Zalando is present in 25 European countries and its major market is the DACH region, comprising Germany, Austria, and Switzerland, which accounts for around 44% of fashion stores' revenue. The company commands around 12% market share in European online apparel sales. It has 12 fulfilment centers and offers over 7,000 brands on its platform. In 2023, Zalando had almost 50 million active users (more than 10% of the population in countries where the firm has a presence).

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