Zalaris ASA (LTS:0QWF) Cyclically Adjusted PS Ratio: 2.10 (As of Jul. 27, 2026) — 24% Above Median

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LTS:0QWF Zalaris ASA LTS:0QWF
84 GF Score
Price kr102.50
GF Value kr91.98
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Zalaris ASA Cyclically Adjusted PS Ratio?

Zalaris ASA LTS:0QWF +2.91% 84 Cyclically Adjusted PS Ratio is 2.10 as of Jul. 27, 2026, which is 24% above its 10-year median of 1.69. GuruFocus rates LTS:0QWF with a GF Score™ of 84/100 and a GF Value™ of kr91.98 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 716 Business Services companies, Zalaris ASA ranks worse than 75.56% on this metric.

As of today (2026-07-27), Zalaris ASA's current share price is kr102.50. Zalaris ASA's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was kr48.81. Zalaris ASA's Cyclically Adjusted PS Ratio for today is 2.10.

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

LTS:0QWF' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.49   Med: 1.69   Max: 2.15
Current: 2.15

During the past years, Zalaris ASA's highest Cyclically Adjusted PS Ratio was 2.15. The lowest was 0.49. And the median was 1.69.

LTS:0QWF's Cyclically Adjusted PS Ratio is ranked worse than
75.56% of 716 companies
in the Business Services industry
Industry Median: 0.91 vs LTS:0QWF: 2.15

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Zalaris ASA's adjusted revenue per share data for the three months ended in Mar. 2026 was kr15.783. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is kr48.81 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Zalaris ASA  (LTS:0QWF) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


Zalaris ASA Cyclically Adjusted PS Ratio Related Terms


Zalaris ASA Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

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

Zalaris ASA Cyclically Adjusted PS Ratio Chart

Zalaris ASA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.66 1.14 1.81 1.87

Zalaris ASA Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted PS 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 1.94 1.72 1.74 1.87 2.01

LTS:0QWF vs KFY, RHI, TNET: Cyclically Adjusted PS Ratio Comparison

For the Staffing & Employment Services subindustry, Zalaris ASA's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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 Cyclically Adjusted PS Ratio vs Business Services Industry

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

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


LTS:0QWF
84GF Score
Zalaris ASA LTS:0QWF
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Zalaris ASA Cyclically Adjusted PS Ratio Calculation

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

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=102.50/48.81
=2.10

* 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 Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Zalaris ASA's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=15.783/141.0300*141.0300
=15.783

Current CPI (Mar. 2026) = 141.0300.

Zalaris ASA Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 5.015 103.800 6.814
201609 5.140 104.200 6.957
201612 5.568 104.400 7.522
201703 5.541 105.000 7.442
201706 6.250 105.800 8.331
201709 7.490 105.900 9.975
201712 9.106 106.100 12.104
201803 9.171 107.300 12.054
201806 9.302 108.500 12.091
201809 8.683 109.500 11.183
201812 8.952 109.800 11.498
201903 9.666 110.400 12.348
201906 9.425 110.600 12.018
201909 9.630 111.100 12.224
201912 9.356 111.300 11.855
202003 10.235 111.200 12.981
202006 9.825 112.100 12.361
202009 9.681 112.900 12.093
202012 9.128 112.900 11.402
202103 9.377 114.600 11.540
202106 8.957 115.300 10.956
202109 9.260 117.500 11.114
202112 8.650 118.900 10.260
202203 9.695 119.800 11.413
202206 9.731 122.600 11.194
202209 10.350 125.600 11.622
202212 10.266 125.900 11.500
202303 12.074 127.600 13.345
202306 13.019 130.400 14.080
202309 11.004 129.800 11.956
202312 14.501 131.900 15.505
202403 12.634 132.600 13.437
202406 12.472 133.800 13.146
202409 13.808 133.700 14.565
202412 15.225 134.800 15.929
202503 15.746 136.100 16.316
202506 15.229 137.800 15.586
202509 16.740 138.500 17.046
202512 18.271 139.100 18.525
202603 15.783 141.030 15.783

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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.

What does a Cyclically Adjusted PS Ratio of 2.10 mean?
Zalaris ASA (LTS:0QWF) has a Cyclically Adjusted PS Ratio of 2.10 as of Jul. 27, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Zalaris ASA and its competitors. This is 24% above median its historical median of 1.69. Over the past decade, Zalaris ASA's Cyclically Adjusted PS Ratio has ranged from 0.49 to 2.15. According to the industry distribution chart, Zalaris ASA ranks #541 out of 716 companies in the Business Services industry, placing it in the top 75.6%.
Is Zalaris ASA's Cyclically Adjusted PS Ratio too high?
Zalaris ASA's current Cyclically Adjusted PS Ratio of 2.10 is 24% above median its 10-year median of 1.69. Over the past 10 years, this metric has ranged from a low of 0.49 to a high of 2.15. The Business Services industry median Cyclically Adjusted PS Ratio is 0.91. Zalaris ASA's value of 2.10 is 130.8% above this industry median. Based on the distribution chart, Zalaris ASA ranks #541 out of 716 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, Zalaris ASA has a GF Score™ of 84/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Zalaris ASA's Cyclically Adjusted PS Ratio compare to KFY and RHI?
According to the Business Services industry distribution chart, Zalaris ASA ranks #541 out of 716 companies for Cyclically Adjusted PS Ratio. This places Zalaris ASA in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.91. Zalaris ASA's value of 2.10 is 130.8% above this benchmark. Historically, Zalaris ASA's own Cyclically Adjusted PS Ratio has ranged from 0.49 to 2.15 over the past decade. While the company's 10-year median is 1.69 vs. the industry median of 0.91, Zalaris ASA has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for a Business Services company?
The median Cyclically Adjusted PS Ratio among Business Services companies is 0.91, based on 716 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Zalaris ASA's current Cyclically Adjusted PS Ratio of 2.10 is 130.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Zalaris ASA and its competitors. For the Business Services industry, the median Cyclically Adjusted PS Ratio is 0.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zalaris ASA's current Cyclically Adjusted PS Ratio is 2.10, which is 24% above median its own 10-year median of 1.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zalaris ASA stock overvalued right now?
Based on GuruFocus' analysis, Zalaris ASA (LTS:0QWF) is currently considered Modestly Overvalued. The stock's GF Value™ is kr91.98, compared to a current price of kr102.50 — trading 11.4% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.10, which is 24% above median its 10-year median of 1.69 and 130.8% above the Business Services industry median of 0.91. Zalaris ASA's overall GF Score™ is 84/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Zalaris ASA (LTS:0QWF), the current Cyclically Adjusted PS Ratio is 2.10 as of Jul. 27, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Zalaris ASA (LTS:0QWF) Overvalued in 2026?

Based on GuruFocus' analysis, Zalaris ASA stock appears to be overvalued. The current stock price of kr102.50 is trading 11.4% above its estimated GF Value™ of kr91.98. GuruFocus considers Zalaris ASA to be Modestly Overvalued.

Key valuation signals for LTS:0QWF:

  • Cyclically Adjusted PS Ratio: 2.10 (24% above median its 10-year median of 1.69)
  • GF Value™: kr91.98 vs. price of kr102.50 (11.4% above fair value)
  • GF Score™: 84/100 with 5 warning signs
  • Industry Position: 130.8% above the Business Services median (#541 of 716)

No single metric tells the full story. See the LTS:0QWF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Zalaris ASA Business Description

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 Zalaris Consulting. Managed Services include payroll and HR outsourcing services, cloud system solutions and services, and contribute to the majority of the revenue. The Zalaris Consulting segment includes the implementation of SAP HCM & Payroll and SuccessFactors, based on Zalaris templates, or implementation of customer-specific functionalities. Zalaris operates in Norway, Northern Europe, Central Europe, the UK, Ireland, and APAC.
84GF Score

Get the complete analysis for LTS:0QWF

Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

kr102.50
Price
kr91.98
GF Value