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Zalaris ASA (FRA:81Y) Cyclically Adjusted PB Ratio : 10.03 (As of May. 22, 2025)


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What is Zalaris ASA Cyclically Adjusted PB Ratio?

As of today (2025-05-22), Zalaris ASA's current share price is €6.92. Zalaris ASA's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was €0.69. Zalaris ASA's Cyclically Adjusted PB Ratio for today is 10.03.

The historical rank and industry rank for Zalaris ASA's Cyclically Adjusted PB Ratio or its related term are showing as below:

FRA:81Y' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.26   Med: 6.43   Max: 10.71
Current: 10.34

During the past years, Zalaris ASA's highest Cyclically Adjusted PB Ratio was 10.71. The lowest was 3.26. And the median was 6.43.

FRA:81Y's Cyclically Adjusted PB Ratio is ranked worse than
95.69% of 673 companies
in the Business Services industry
Industry Median: 1.52 vs FRA:81Y: 10.34

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.

Zalaris ASA's adjusted book value per share data for the three months ended in Mar. 2025 was €1.107. 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 €0.69 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Zalaris ASA Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Zalaris ASA's Cyclically Adjusted PB Ratio 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.

Zalaris ASA Cyclically Adjusted PB Ratio Chart

Zalaris ASA Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 4.43 6.50 9.64

Zalaris ASA Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted PB Ratio 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 9.20 10.47 9.12 9.64 10.36

Competitive Comparison of Zalaris ASA's Cyclically Adjusted PB Ratio

For the Staffing & Employment Services subindustry, Zalaris ASA'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.


Zalaris ASA's Cyclically Adjusted PB Ratio Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Zalaris ASA's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Zalaris ASA Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Zalaris ASA's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=6.92/0.69
=10.03

* 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.

Zalaris ASA's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Zalaris ASA'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)
=1.107/136.1000*136.1000
=1.107

Current CPI (Mar. 2025) = 136.1000.

Zalaris ASA Quarterly Data

Book Value per Share CPI Adj_Book
201506 0.516 100.100 0.702
201509 0.520 100.600 0.703
201512 0.547 100.900 0.738
201603 0.570 102.500 0.757
201606 0.494 103.800 0.648
201609 0.522 104.200 0.682
201612 0.585 104.400 0.763
201703 0.599 105.000 0.776
201706 0.607 105.800 0.781
201709 0.670 105.900 0.861
201712 0.607 106.100 0.779
201803 0.653 107.300 0.828
201806 0.557 108.500 0.699
201809 0.496 109.500 0.616
201812 0.554 109.800 0.687
201903 0.543 110.400 0.669
201906 0.519 110.600 0.639
201909 0.521 111.100 0.638
201912 0.470 111.300 0.575
202003 0.432 111.200 0.529
202006 0.482 112.100 0.585
202009 0.511 112.900 0.616
202012 0.502 112.900 0.605
202103 0.555 114.600 0.659
202106 0.934 115.300 1.102
202109 0.936 117.500 1.084
202112 0.943 118.900 1.079
202203 0.904 119.800 1.027
202206 0.817 122.600 0.907
202209 0.815 125.600 0.883
202212 0.732 125.900 0.791
202303 0.702 127.600 0.749
202306 0.708 130.400 0.739
202309 0.726 129.800 0.761
202312 0.825 131.900 0.851
202403 0.928 132.600 0.952
202406 0.934 133.800 0.950
202409 0.972 133.700 0.989
202412 1.034 134.800 1.044
202503 1.107 136.100 1.107

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


Zalaris ASA  (FRA:81Y) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Zalaris ASA Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Zalaris ASA's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Zalaris ASA Business Description

Industry
Traded in Other Exchanges
Address
Hoffsveien 4, Oslo, NOR, NO-0275
Zalaris ASA is a company that offers outsourced personnel and payroll services. The company has two reportable segments: Managed Services and Professional Services. Managed Services include payroll and HR outsourcing services, cloud system solutions and services, and contribute to the majority of the revenue. Professional Services include change project deliveries and customer-specific functionality implementation. Zalaris operates in Norway, Northern Europe, Central Europe, the UK, Ireland, and APAC.

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