Zalando SE (MEX:ZAL N) Cyclically Adjusted Revenue per Share: MXN886.47 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MEX:ZAL N Zalando SE MEX:ZAL N
86 GF Score
Price MXN501.43
GF Value MXN585.09
! 8 Warning Signs
View Full Analysis

What is Zalando SE Cyclically Adjusted Revenue per Share?

Zalando SE MEX:ZAL N 86 Cyclically Adjusted Revenue per Share is MXN886.47 as of Mar. 2026. GuruFocus rates MEX:ZAL N with a GF Score™ of 86/100 and a GF Value™ of MXN585.09. The stock has 8 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.

Zalando SE's adjusted revenue per share 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 the count will get our Cyclically Adjusted Revenue per Share, which is MXN886.47 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Zalando SE's average Cyclically Adjusted Revenue Growth Rate was 13.30% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 12.10% 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 Zalando SE was 12.10% per year. The lowest was 12.10% per year. And the median was 12.10% per year.

As of today (2026-07-22), Zalando SE's current stock 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 of today is 0.57.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Zalando SE was 1.83. The lowest was 0.53. And the median was 0.85.


Zalando SE  (MEX:ZAL N) 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.

Zalando SE's Cyclically Adjusted PS Ratio of 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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Zalando SE was 1.83. The lowest was 0.53. And the median was 0.85.


Be Aware

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


Zalando SE Cyclically Adjusted Revenue per Share Related Terms


Zalando SE Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Zalando SE'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.

Zalando SE Cyclically Adjusted Revenue per Share Chart

Zalando SE 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 0.00 518.43 579.01 309.02 694.76

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 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 323.63 377.61 418.96 694.76 886.47

MEX:ZAL N vs AMZN, BABA, PDD: Cyclically Adjusted Revenue per Share 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
86GF Score
Zalando SE MEX:ZAL N
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Zalando SE 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, 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.

What does a Cyclically Adjusted Revenue per Share of MXN886.47 mean?
Zalando SE (MEX:ZAL N) has a Cyclically Adjusted Revenue per Share of MXN886.47 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 Zalando SE and its competitors.
Is Zalando SE's Cyclically Adjusted Revenue per Share too high?
Zalando SE's current Cyclically Adjusted Revenue per Share is MXN886.47. Overall, Zalando SE has a GF Score™ of 86/100, reflecting its overall financial health beyond just this single metric.
How does Zalando SE's Cyclically Adjusted Revenue per Share compare to AMZN and BABA?
Zalando SE's Cyclically Adjusted Revenue per Share of MXN886.47 can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good Cyclically Adjusted Revenue per Share depends on the Retail - Cyclical 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 Zalando SE and its competitors. Zalando SE's current Cyclically Adjusted Revenue per Share is MXN886.47. 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 Revenue per Share of MXN886.47. The stock's GF Value™ is MXN585.09, compared to a current price of MXN501.43 — trading 14.3% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is MXN886.47. Zalando SE's overall GF Score™ is 86/100 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 Revenue per Share calculated?
Cyclically Adjusted Revenue per Share is calculated from a company's financial statements. For Zalando SE (MEX:ZAL N), the current Cyclically Adjusted Revenue per Share is MXN886.47 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 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 14.3% below its estimated GF Value™ of MXN585.09.

Key valuation signals for MEX:ZAL N:

  • Cyclically Adjusted Revenue per Share: MXN886.47
  • GF Value™: MXN585.09 vs. price of MXN501.43 (14.3% below fair value)
  • GF Score™: 86/100 with 8 warning signs

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).
86GF Score

Get the complete analysis for MEX:ZAL N

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

MXN501.43
Price
MXN585.09
GF Value