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Zalando SE (WBO:ZAL) Cyclically Adjusted PB Ratio : 3.45 (As of Apr. 29, 2024)


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What is Zalando SE Cyclically Adjusted PB Ratio?

As of today (2024-04-29), Zalando SE's current share price is €25.64. Zalando SE's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was €7.44. Zalando SE's Cyclically Adjusted PB Ratio for today is 3.45.

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

WBO:ZAL' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.15   Med: 3.65   Max: 6.56
Current: 3.33

During the past years, Zalando SE's highest Cyclically Adjusted PB Ratio was 6.56. The lowest was 2.15. And the median was 3.65.

WBO:ZAL's Cyclically Adjusted PB Ratio is ranked worse than
80.67% of 719 companies
in the Retail - Cyclical industry
Industry Median: 1.16 vs WBO:ZAL: 3.33

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 Dec. 2023 was €9.110. 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 €7.44 for the trailing ten years ended in Dec. 2023.

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 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 4.76 2.82

Zalando SE Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 4.76 5.28 3.57 2.83 2.82

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.



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
=25.64/7.44
=3.45

* 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 Dec. 2023 is calculated as:

For example, Zalando SE's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=9.11/123.6675*123.6675
=9.110

Current CPI (Dec. 2023) = 123.6675.

Zalando SE Quarterly Data

Book Value per Share CPI Adj_Book
201403 0.000 99.543 0.000
201406 2.272 99.543 2.823
201409 4.400 99.823 5.451
201412 4.603 99.543 5.719
201503 4.691 99.717 5.818
201506 4.792 100.417 5.902
201509 4.715 100.417 5.807
201512 5.146 99.717 6.382
201603 5.174 100.017 6.397
201606 5.394 100.717 6.623
201609 5.431 101.017 6.649
201612 5.692 101.217 6.955
201703 5.723 101.417 6.979
201706 5.940 102.117 7.194
201709 5.949 102.717 7.162
201712 6.226 102.617 7.503
201803 6.052 102.917 7.272
201806 6.001 104.017 7.135
201809 5.999 104.718 7.085
201812 6.250 104.217 7.416
201903 6.086 104.217 7.222
201906 6.336 105.718 7.412
201909 6.391 106.018 7.455
201912 6.771 105.818 7.913
202003 6.588 105.718 7.707
202006 7.139 106.618 8.281
202009 7.850 105.818 9.174
202012 8.490 105.518 9.950
202103 8.894 107.518 10.230
202106 9.002 108.486 10.262
202109 8.421 109.435 9.516
202112 8.577 110.384 9.609
202203 7.842 113.968 8.509
202206 7.990 115.760 8.536
202209 8.009 118.818 8.336
202212 8.492 119.345 8.800
202303 8.463 122.402 8.550
202306 8.810 123.140 8.848
202309 8.786 124.195 8.749
202312 9.110 123.668 9.110

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  (WBO:ZAL) 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 (WBO:ZAL) 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, which accounts for around 40% of revenue. The company commands 4% of European apparel sales and 12% market share in European online apparel sales. It has 12 fulfilment centers and presents over 7,000 brands on its platform. In 2022, Zalando had over 50 million active users (more than 10% of the population in countries where the firm has a presence) and over 7 billion site visits.

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