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Zalando SEHAM:ZAL -0.50%84 Debt-to-Equity is 0.53 as of Jun. 2026, which is 10% below its 10-year median of 0.59. GuruFocus rates HAM:ZAL with a GF Score™ of 84/100 and a GF Value™ of €32.91 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,021 Retail - Cyclical companies, Zalando SE ranks better than 52.2% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Zalando SE's Debt-to-Equity or its related term are showing as below:
HAM:ZAL'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.59 Max: 0.89
Current: 0.53
During the past 13 years, the highest Debt-to-Equity Ratio of Zalando SE was 0.89. The lowest was 0.01. And the median was 0.59.
HAM:ZAL's Debt-to-Equity is ranked better than 52.2% of 1021
companies
in the Retail - Cyclical industry
Industry Median: 0.56
vs HAM:ZAL: 0.53
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Zalando SE Debt-to-Equity Related Terms
Zalando SE Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Zalando SE's Debt-to-Equity 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.
HAM:ZAL vs AMZN, BABA, PDD: Debt-to-Equity Comparison
For the Internet Retail subindustry, Zalando SE's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Zalando SE's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Zalando SE's Debt-to-Equity falls into.
* 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 (HAM:ZAL) has a Debt-to-Equity of 0.53 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Zalando SE and its competitors. This is 10% below median its historical median of 0.59. Over the past decade, Zalando SE's Debt-to-Equity has ranged from 0.01 to 0.89. According to the industry distribution chart, Zalando SE ranks #488 out of 1021 companies in the Retail - Cyclical industry, placing it in the top 47.8%.
Is Zalando SE's Debt-to-Equity too high?
Zalando SE's current Debt-to-Equity of 0.53 is 10% below median its 10-year median of 0.59. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 0.89. The Retail - Cyclical industry median Debt-to-Equity is 0.56. Zalando SE's value of 0.53 is 5.4% below this industry median. Based on the distribution chart, Zalando SE ranks #488 out of 1021 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Zalando SE has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Zalando SE's Debt-to-Equity compare to AMZN and BABA?
According to the Retail - Cyclical industry distribution chart, Zalando SE ranks #488 out of 1021 companies for Debt-to-Equity. This puts Zalando SE in the upper half of its industry. The industry median Debt-to-Equity is 0.56. Zalando SE's value of 0.53 is 5.4% below this benchmark. Historically, Zalando SE's own Debt-to-Equity has ranged from 0.01 to 0.89 over the past decade. While the company's 10-year median is 0.59 vs. the industry median of 0.56, Zalando SE has consistently been below 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 Debt-to-Equity for a Retail - Cyclical company?
The median Debt-to-Equity among Retail - Cyclical companies is 0.56, based on 1,021 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Zalando SE's current Debt-to-Equity of 0.53 is 5.4% below 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 Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Zalando SE and its competitors. For the Retail - Cyclical industry, the median Debt-to-Equity is 0.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zalando SE's current Debt-to-Equity is 0.53, which is 10% below median its own 10-year median of 0.59. 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?
Based on GuruFocus' analysis, Zalando SE (HAM:ZAL) is currently considered Modestly Undervalued. The stock's GF Value™ is €32.91, compared to a current price of €24.00 — trading 27.1% below its estimated fair value. The current Debt-to-Equity is 0.53, which is 10% below median its 10-year median of 0.59 and 5.4% below the Retail - Cyclical industry median of 0.56. Zalando SE'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 Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Zalando SE (HAM:ZAL), the current Debt-to-Equity is 0.53 as of Jun. 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 (HAM:ZAL) Overvalued in 2026?
Based on GuruFocus' analysis, Zalando SE stock appears to be undervalued.
The current stock price of €24.00 is trading 27.1% below its estimated GF Value™ of €32.91.
GuruFocus considers Zalando SE to be Modestly Undervalued.
Key valuation signals for HAM:ZAL:
Debt-to-Equity: 0.53 (10% below median its 10-year median of 0.59)
GF Value™: €32.91 vs. price of €24.00 (27.1% below fair value)
Industry Position: 5.4% below the Retail - Cyclical median (#488 of 1021)
No single metric tells the full story. See the HAM:ZAL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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).
84GF Score
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