Zalaris ASA (CHIX:ZALO) Cyclically Adjusted Revenue per Share: kr25.70 (As of Mar. 2026)

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CHIX:ZALO Zalaris ASA CHIX:ZALO
87 GF Score
Price kr51.60
GF Value kr46.47
! 5 Warning Signs
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What is Zalaris ASA Cyclically Adjusted Revenue per Share?

Zalaris ASA CHIX:ZALO 87 Cyclically Adjusted Revenue per Share is kr25.70 as of Mar. 2026. GuruFocus rates CHIX:ZALO with a GF Score™ of 87/100 and a GF Value™ of kr46.47. The stock has 5 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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 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 the count will get our Cyclically Adjusted Revenue per Share, which is kr25.70 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Zalaris ASA's average Cyclically Adjusted Revenue Growth Rate was 12.70% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 2.20% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Zalaris ASA was 2.20% per year. The lowest was 2.20% per year. And the median was 2.20% per year.

As of today (2026-07-24), Zalaris ASA's current stock price is kr51.60. Zalaris ASA's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was kr25.70. Zalaris ASA's Cyclically Adjusted PS Ratio of today is 2.01.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Zalaris ASA was 2.09. The lowest was 0.49. And the median was 1.69.


Zalaris ASA  (CHIX:ZALo) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

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 Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=51.60/25.70
=2.01

* 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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Zalaris ASA was 2.09. The lowest was 0.49. And the median was 1.69.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Zalaris ASA Cyclically Adjusted Revenue per Share Related Terms


Zalaris ASA Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Zalaris ASA's Cyclically Adjusted Revenue per Share 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 Revenue per Share Chart

Zalaris ASA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 78.25 45.13 28.52 27.54

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 Revenue per Share 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 26.60 30.04 29.63 27.54 25.70

CHIX:ZALO vs KFY, RHI, TNET: Cyclically Adjusted Revenue per Share 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.


CHIX:ZALO
87GF Score
Zalaris ASA CHIX:ZALO
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
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Zalaris ASA Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

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.

What does a Cyclically Adjusted Revenue per Share of kr25.70 mean?
Zalaris ASA (CHIX:ZALO) has a Cyclically Adjusted Revenue per Share of kr25.70 as of Mar. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Zalaris ASA and its competitors.
Is Zalaris ASA's Cyclically Adjusted Revenue per Share too high?
Zalaris ASA's current Cyclically Adjusted Revenue per Share is kr25.70. Overall, Zalaris ASA has a GF Score™ of 87/100, reflecting its overall financial health beyond just this single metric.
How does Zalaris ASA's Cyclically Adjusted Revenue per Share compare to KFY and RHI?
Zalaris ASA's Cyclically Adjusted Revenue per Share of kr25.70 can be compared against companies in the Business Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Revenue per Share for a Business Services company?
A good Cyclically Adjusted Revenue per Share depends on the Business Services industry context. However, Cyclically Adjusted Revenue per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Revenue per Share mean?
A high Cyclically Adjusted Revenue per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Zalaris ASA and its competitors. Zalaris ASA's current Cyclically Adjusted Revenue per Share is kr25.70. 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?
Zalaris ASA (CHIX:ZALO) has a current Cyclically Adjusted Revenue per Share of kr25.70. The stock's GF Value™ is kr46.47, compared to a current price of kr51.60 — trading 11% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is kr25.70. Zalaris ASA's overall GF Score™ is 87/100 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 Revenue per Share calculated?
Cyclically Adjusted Revenue per Share is calculated from a company's financial statements. For Zalaris ASA (CHIX:ZALO), the current Cyclically Adjusted Revenue per Share is kr25.70 as of Mar. 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 (CHIX:ZALO) Overvalued in 2026?

Based on GuruFocus' analysis, Zalaris ASA stock appears to be overvalued. The current stock price of kr51.60 is trading 11% above its estimated GF Value™ of kr46.47.

Key valuation signals for CHIX:ZALO:

  • Cyclically Adjusted Revenue per Share: kr25.70
  • GF Value™: kr46.47 vs. price of kr51.60 (11% above fair value)
  • GF Score™: 87/100 with 5 warning signs

No single metric tells the full story. See the CHIX:ZALO 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.
87GF Score

Get the complete analysis for CHIX:ZALO

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

kr51.60
Price
kr46.47
GF Value