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Zalando SE (MEX:ZAL N) Cyclically Adjusted PB Ratio : 3.79 (As of Jun. 27, 2025)


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What is Zalando SE Cyclically Adjusted PB Ratio?

As of today (2025-06-27), Zalando SE's current share price is MXN320.60. Zalando SE's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was MXN84.59. Zalando SE's Cyclically Adjusted PB Ratio for today is 3.79.

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

MEX:ZAL N' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.15   Med: 3.61   Max: 6.72
Current: 3.17

During the past years, Zalando SE's highest Cyclically Adjusted PB Ratio was 6.72. The lowest was 2.15. And the median was 3.61.

MEX:ZAL N's Cyclically Adjusted PB Ratio is ranked worse than
77.98% of 781 companies
in the Retail - Cyclical industry
Industry Median: 1.21 vs MEX:ZAL N: 3.17

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 adjusted book value per share data for the three months ended in Mar. 2025 was MXN229.524. 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 MXN84.59 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Zalando SE Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Zalando SE'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.

Zalando SE Cyclically Adjusted PB Ratio Chart

Zalando SE 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 - - 4.89 2.82 3.94

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 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 3.43 2.76 3.67 3.94 3.79

Competitive Comparison of Zalando SE's Cyclically Adjusted PB Ratio

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 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=320.60/84.59
=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.

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

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)
=229.524/127.7792*127.7792
=229.524

Current CPI (Mar. 2025) = 127.7792.

Zalando SE Quarterly Data

Book Value per Share CPI Adj_Book
201506 84.393 100.417 107.389
201509 89.414 100.417 113.778
201512 96.384 99.717 123.509
201603 99.175 100.017 126.704
201606 112.080 100.717 142.196
201609 117.862 101.017 149.087
201612 123.791 101.217 156.277
201703 115.254 101.417 145.213
201706 120.640 102.117 150.957
201709 128.674 102.717 160.069
201712 144.695 102.617 180.175
201803 135.565 102.917 168.314
201806 137.746 104.017 169.213
201809 130.937 104.718 159.773
201812 139.612 104.217 171.176
201903 133.393 104.217 163.551
201906 137.513 105.718 166.210
201909 138.953 106.018 167.475
201912 141.897 105.818 171.347
202003 170.690 105.718 206.310
202006 185.574 106.618 222.407
202009 204.250 105.818 246.640
202012 205.449 105.518 248.794
202103 216.426 107.518 257.211
202106 215.890 108.486 254.284
202109 203.702 109.435 237.848
202112 198.809 110.384 230.140
202203 171.973 113.968 192.813
202206 169.922 115.760 187.564
202209 159.507 118.818 171.537
202212 175.381 119.345 187.775
202303 163.318 122.402 170.492
202306 163.634 123.140 169.798
202309 163.325 124.195 168.039
202312 168.631 123.773 174.089
202403 167.482 125.038 171.154
202406 184.866 125.882 187.653
202409 211.263 126.198 213.910
202412 224.561 127.041 225.866
202503 229.524 127.779 229.524

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.


Zalando SE  (MEX:ZAL N) 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.


Zalando SE Cyclically Adjusted PB Ratio Related Terms

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


Zalando SE Business Description

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. The company commands around 12% market share in European online apparel sales. It has 12 fulfillment centers and offers over 7,000 brands on its platform. In 2024, Zalando had 50 million active users (more than 10% of the population in countries where the firm has a presence).

Zalando SE Headlines

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