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Zalando SE (CHIX:ZALD) E10 : €0.48 (As of Mar. 2024)


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What is Zalando SE E10?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Zalando SE's adjusted earnings per share data for the three months ended in Mar. 2024 was €-0.030. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.48 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Zalando SE's average E10 Growth Rate was 18.60% 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 E10 growth rate using E10 data.

As of today (2024-05-28), Zalando SE's current stock price is €24.50. Zalando SE's E10 for the quarter that ended in Mar. 2024 was €0.48. Zalando SE's Shiller PE Ratio of today is 51.04.

During the past 13 years, the highest Shiller PE Ratio of Zalando SE was 103.57. The lowest was 33.37. And the median was 59.38.


Zalando SE E10 Historical Data

The historical data trend for Zalando SE's E10 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.

* Premium members only.

Zalando SE E10 Chart

Zalando SE Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 0.45 0.52

Zalando SE Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
E10 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 0.43 0.44 0.46 0.52 0.48

Competitive Comparison of Zalando SE's E10

For the Internet Retail subindustry, Zalando SE's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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's Shiller PE Ratio Distribution in the Retail - Cyclical Industry

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

* The bar in red indicates where Zalando SE's Shiller PE Ratio falls into.



Zalando SE E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

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 earnings per share data for the three months ended in Mar. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=-0.03/125.0381*125.0381
=-0.030

Current CPI (Mar. 2024) = 125.0381.

Zalando SE Quarterly Data

per share eps CPI Adj_EPS
201406 0.118 99.543 0.148
201409 -0.002 99.823 -0.003
201412 0.202 99.543 0.254
201503 0.100 99.717 0.125
201506 0.090 100.417 0.112
201509 -0.120 100.417 -0.149
201512 0.410 99.717 0.514
201603 0.020 100.017 0.025
201606 0.200 100.717 0.248
201609 0.020 101.017 0.025
201612 0.230 101.217 0.284
201703 0.020 101.417 0.025
201706 0.180 102.117 0.220
201709 -0.040 102.717 -0.049
201712 0.240 102.617 0.292
201803 -0.060 102.917 -0.073
201806 0.200 104.017 0.240
201809 -0.170 104.718 -0.203
201812 0.220 104.217 0.264
201903 -0.070 104.217 -0.084
201906 0.180 105.718 0.213
201909 -0.050 106.018 -0.059
201912 0.330 105.818 0.390
202003 -0.350 105.718 -0.414
202006 0.470 106.618 0.551
202009 0.220 105.818 0.260
202012 0.500 105.518 0.592
202103 0.140 107.518 0.163
202106 0.450 108.486 0.519
202109 -0.030 109.435 -0.034
202112 0.330 110.384 0.374
202203 -0.240 113.968 -0.263
202206 0.050 115.760 0.054
202209 -0.140 118.818 -0.147
202212 0.380 119.345 0.398
202303 -0.150 122.402 -0.153
202306 0.220 123.140 0.223
202309 -0.030 124.195 -0.030
202312 0.280 123.773 0.283
202403 -0.030 125.038 -0.030

Add all the adjusted EPS together and divide 10 will get our e10.


Zalando SE  (CHIX:ZALd) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Zalando SE's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=24.50/0.48
=51.04

* 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 Shiller P/E Ratio of Zalando SE was 103.57. The lowest was 33.37. And the median was 59.38.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Zalando SE E10 Related Terms

Thank you for viewing the detailed overview of Zalando SE's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


Zalando SE (CHIX:ZALD) 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, which accounts for around 40% of revenue. The company commands 4% of European apparel sales and 12% market share in European online apparel sales. It has 12 fulfilment centers and presents over 7,000 brands on its platform. In 2022, Zalando had over 50 million active users (more than 10% of the population in countries where the firm has a presence) and over 7 billion site visits.

Zalando SE (CHIX:ZALD) Headlines

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