Zalando SE (MEX:ZAL N) Cyclically Adjusted PS Ratio: 0.57 (As of Jul. 24, 2026) — 33% Below Median

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MEX:ZAL N Zalando SE MEX:ZAL N
87 GF Score
Price MXN501.43
GF Value MXN610.53
! 8 Warning Signs
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What is Zalando SE Cyclically Adjusted PS Ratio?

Zalando SE MEX:ZAL N 87 Cyclically Adjusted PS Ratio is 0.57 as of Jul. 24, 2026, which is 33% below its 10-year median of 0.85. GuruFocus rates MEX:ZAL N with a GF Score™ of 87/100 and a GF Value™ of MXN610.53. The stock has 8 warning signs investors should review. Among 793 Retail - Cyclical companies, Zalando SE ranks worse than 62.3% on this metric.

As of today (2026-07-24), Zalando SE's current share price is MXN501.43. Zalando SE's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was MXN886.47. Zalando SE's Cyclically Adjusted PS Ratio for today is 0.57.

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

MEX:ZAL N' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.53   Med: 0.85   Max: 1.83
Current: 0.75

During the past years, Zalando SE's highest Cyclically Adjusted PS Ratio was 1.83. The lowest was 0.53. And the median was 0.85.

MEX:ZAL N's Cyclically Adjusted PS Ratio is ranked worse than
62.3% of 793 companies
in the Retail - Cyclical industry
Industry Median: 0.49 vs MEX:ZAL N: 0.75

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.

Zalando SE's adjusted revenue per share data for the three months ended in Mar. 2026 was MXN242.424. 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 MXN886.47 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Zalando SE  (MEX:ZAL N) 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.


Zalando SE Cyclically Adjusted PS Ratio Related Terms


Zalando SE Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Zalando SE'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.

Zalando SE Cyclically Adjusted PS Ratio Chart

Zalando SE 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 1.33 0.77 1.04 0.72

Zalando SE 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 0.99 0.85 0.77 0.72 0.57

MEX:ZAL N vs AMZN, BABA, PDD: Cyclically Adjusted PS Ratio Comparison

For the Internet Retail subindustry, Zalando SE'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.


Zalando SE Cyclically Adjusted PS Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Zalando SE's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


MEX:ZAL N
87GF Score
Zalando SE MEX:ZAL N
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Zalando SE 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=501.43/886.47
=0.57

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

For example, Zalando SE'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)
=242.424/131.2583*131.2583
=242.424

Current CPI (Mar. 2026) = 131.2583.

Zalando SE Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 74.733 100.717 97.395
201609 72.464 101.017 94.158
201612 88.269 101.217 114.467
201703 77.409 101.417 100.186
201706 86.391 102.117 111.045
201709 88.557 102.717 113.164
201712 128.555 102.617 164.436
201803 107.169 102.917 136.681
201806 118.160 104.017 149.105
201809 106.793 104.718 133.860
201812 118.811 104.217 149.638
201903 120.146 104.217 151.320
201906 136.601 105.718 169.603
201909 121.589 106.018 150.537
201912 134.157 105.818 166.411
202003 159.976 105.718 198.625
202006 203.889 106.618 251.010
202009 181.009 105.818 224.527
202012 242.463 105.518 301.611
202103 220.980 107.518 269.773
202106 236.816 108.486 286.527
202109 197.274 109.435 236.615
202112 275.383 110.384 327.461
202203 189.307 113.968 218.027
202206 215.790 115.760 244.680
202209 185.023 118.818 204.395
202212 248.281 119.345 273.065
202303 169.598 122.402 181.869
202306 181.509 123.140 193.475
202309 154.722 124.195 163.522
202312 190.095 123.773 201.591
202403 136.293 125.038 143.073
202406 199.253 125.882 207.764
202409 200.308 126.198 208.340
202412 271.679 127.041 280.697
202503 216.210 127.779 222.097
202506 234.024 128.412 239.212
202509 263.658 129.255 267.744
202512 321.833 129.361 326.554
202603 242.424 131.258 242.424

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 0.57 mean?
Zalando SE (MEX:ZAL N) has a Cyclically Adjusted PS Ratio of 0.57 as of Jul. 24, 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 Zalando SE and its competitors. This is 33% below median its historical median of 0.85. Over the past decade, Zalando SE's Cyclically Adjusted PS Ratio has ranged from 0.53 to 1.83. According to the industry distribution chart, Zalando SE ranks #494 out of 793 companies in the Retail - Cyclical industry, placing it in the top 62.3%.
Is Zalando SE's Cyclically Adjusted PS Ratio too high?
Zalando SE's current Cyclically Adjusted PS Ratio of 0.57 is 33% below median its 10-year median of 0.85. Over the past 10 years, this metric has ranged from a low of 0.53 to a high of 1.83. The Retail - Cyclical industry median Cyclically Adjusted PS Ratio is 0.49. Zalando SE's value of 0.57 is 16.3% above this industry median. Based on the distribution chart, Zalando SE ranks #494 out of 793 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Zalando SE has a GF Score™ of 87/100, reflecting its overall financial health beyond just this single metric.
How does Zalando SE's Cyclically Adjusted PS Ratio compare to AMZN and BABA?
According to the Retail - Cyclical industry distribution chart, Zalando SE ranks #494 out of 793 companies for Cyclically Adjusted PS Ratio. This places Zalando SE in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.49. Zalando SE's value of 0.57 is 16.3% above this benchmark. Historically, Zalando SE's own Cyclically Adjusted PS Ratio has ranged from 0.53 to 1.83 over the past decade. While the company's 10-year median is 0.85 vs. the industry median of 0.49, Zalando SE 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 Retail - Cyclical company?
The median Cyclically Adjusted PS Ratio among Retail - Cyclical companies is 0.49, based on 793 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. Zalando SE's current Cyclically Adjusted PS Ratio of 0.57 is 16.3% 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 Zalando SE and its competitors. For the Retail - Cyclical industry, the median Cyclically Adjusted PS Ratio is 0.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zalando SE's current Cyclically Adjusted PS Ratio is 0.57, which is 33% below median its own 10-year median of 0.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zalando SE stock overvalued right now?
Zalando SE (MEX:ZAL N) has a current Cyclically Adjusted PS Ratio of 0.57. The stock's GF Value™ is MXN610.53, compared to a current price of MXN501.43 — trading 17.9% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.57, which is 33% below median its 10-year median of 0.85 and 16.3% above the Retail - Cyclical industry median of 0.49. Zalando SE's overall GF Score™ is 87/100 with 8 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 Zalando SE (MEX:ZAL N), the current Cyclically Adjusted PS Ratio is 0.57 as of Jul. 24, 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 Zalando SE (MEX:ZAL N) Overvalued in 2026?

Based on GuruFocus' analysis, Zalando SE stock appears to be undervalued. The current stock price of MXN501.43 is trading 17.9% below its estimated GF Value™ of MXN610.53.

Key valuation signals for MEX:ZAL N:

  • Cyclically Adjusted PS Ratio: 0.57 (33% below median its 10-year median of 0.85)
  • GF Value™: MXN610.53 vs. price of MXN501.43 (17.9% below fair value)
  • GF Score™: 87/100 with 8 warning signs
  • Industry Position: 16.3% above the Retail - Cyclical median (#494 of 793)

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


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. After the About You acquisition, it has 17 fulfillment centers, offers over 7,000 brands, and as of September 2025, had 62 million active users (more than 10% of the population in countries where the firm has a presence).
87GF Score

Get the complete analysis for MEX:ZAL N

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

MXN501.43
Price
MXN610.53
GF Value