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ZLDSF (Zalando SE) Cyclically Adjusted PB Ratio : 3.79 (As of May. 16, 2025)


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What is Zalando SE Cyclically Adjusted PB Ratio?

As of today (2025-05-16), Zalando SE's current share price is $31.92. Zalando SE's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was $8.42. 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:

ZLDSF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.15   Med: 3.61   Max: 6.71
Current: 3.84

During the past years, Zalando SE's highest Cyclically Adjusted PB Ratio was 6.71. The lowest was 2.15. And the median was 3.61.

ZLDSF's Cyclically Adjusted PB Ratio is ranked worse than
82.56% of 734 companies
in the Retail - Cyclical industry
Industry Median: 1.175 vs ZLDSF: 3.84

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 $11.219. 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 $8.42 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 - - 4.88 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
=31.92/8.42
=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)
=11.219/127.7792*127.7792
=11.219

Current CPI (Mar. 2025) = 127.7792.

Zalando SE Quarterly Data

Book Value per Share CPI Adj_Book
201506 5.379 100.417 6.845
201509 5.301 100.417 6.745
201512 5.605 99.717 7.182
201603 5.761 100.017 7.360
201606 6.060 100.717 7.688
201609 6.096 101.017 7.711
201612 6.004 101.217 7.580
201703 6.121 101.417 7.712
201706 6.674 102.117 8.351
201709 7.090 102.717 8.820
201712 7.368 102.617 9.175
201803 7.462 102.917 9.265
201806 7.010 104.017 8.611
201809 7.000 104.718 8.542
201812 7.110 104.217 8.717
201903 6.877 104.217 8.432
201906 7.159 105.718 8.653
201909 7.038 106.018 8.483
201912 7.524 105.818 9.086
202003 7.280 105.718 8.799
202006 8.040 106.618 9.636
202009 9.246 105.818 11.165
202012 10.328 105.518 12.507
202103 10.588 107.518 12.583
202106 10.845 108.486 12.774
202109 9.907 109.435 11.568
202112 9.691 110.384 11.218
202203 8.637 113.968 9.684
202206 8.446 115.760 9.323
202209 7.930 118.818 8.528
202212 8.996 119.345 9.632
202303 9.061 122.402 9.459
202306 9.545 123.140 9.905
202309 9.376 124.195 9.647
202312 9.935 123.773 10.257
202403 10.092 125.038 10.313
202406 10.091 125.882 10.243
202409 10.729 126.198 10.863
202412 10.767 127.041 10.830
202503 11.219 127.779 11.219

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  (OTCPK:ZLDSF) 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, 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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