Zalaris ASA (CHIX:ZALO) E10: kr0.17 (As of Mar. 2026)


CHIX:ZALO Zalaris ASA CHIX:ZALO
87 GF Score
Price kr51.60
GF Value kr47.22
! 6 Warning Signs
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What is Zalaris ASA E10?

Zalaris ASA CHIX:ZALO 87 E10 is kr0.17 as of Mar. 2026. GuruFocus rates CHIX:ZALO with a GF Score™ of 87/100 and a GF Value™ of kr47.22. The stock has 6 warning signs investors should review.

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.

Zalaris ASA's adjusted earnings per share data for the three months ended in Mar. 2026 was kr1.100. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is kr0.17 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Zalaris ASA's average E10 Growth Rate was 43.50% per year. During the past 3 years, the average E10 Growth Rate was -34.00% 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.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Zalaris ASA was -34.00% per year. The lowest was -34.00% per year. And the median was -34.00% per year.

As of today (2026-06-29), Zalaris ASA's current stock price is kr51.60. Zalaris ASA's E10 for the quarter that ended in Mar. 2026 was kr0.17. Zalaris ASA's Shiller PE Ratio of today is 303.53.

During the past 13 years, the highest Shiller PE Ratio of Zalaris ASA was 1316.67. The lowest was 22.00. And the median was 299.39.


Zalaris ASA  (CHIX:ZALo) 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.

Zalaris ASA's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=51.60/0.17
=303.53

* 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 Zalaris ASA was 1316.67. The lowest was 22.00. And the median was 299.39.


Be Aware

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


Zalaris ASA E10 Related Terms


Zalaris ASA E10 Historical Data

* Premium members only.

The historical data trend for Zalaris ASA'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.

Zalaris ASA E10 Chart

Zalaris ASA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 1.54 0.28 0.11 0.15

Zalaris ASA Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.14 0.16 0.19 0.15 0.17

CHIX:ZALO vs KFY, RHI, TNET: E10 Comparison

For the Staffing & Employment Services subindustry, Zalaris ASA'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.


Zalaris ASA Shiller PE Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, Zalaris ASA's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Zalaris ASA's Shiller PE Ratio falls into.


CHIX:ZALO
87GF Score
Zalaris ASA CHIX:ZALO
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Zalaris ASA 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, Zalaris ASA's adjusted earnings per share data for the three months ended in Mar. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=1.1/139.1000*139.1000
=1.100

Current CPI (Mar. 2026) = 139.1000.

Zalaris ASA Quarterly Data

per share eps CPI Adj_EPS
201606 0.210 103.800 0.281
201609 0.310 104.200 0.414
201612 0.560 104.400 0.746
201703 0.280 105.000 0.371
201706 -0.230 105.800 -0.302
201709 0.190 105.900 0.250
201712 -0.850 106.100 -1.114
201803 0.600 107.300 0.778
201806 -0.060 108.500 -0.077
201809 -0.360 109.500 -0.457
201812 -0.210 109.800 -0.266
201903 0.280 110.400 0.353
201906 -0.170 110.600 -0.214
201909 -0.340 111.100 -0.426
201912 -0.170 111.300 -0.212
202003 -2.480 111.200 -3.102
202006 1.110 112.100 1.377
202009 -0.090 112.900 -0.111
202012 0.960 112.900 1.183
202103 0.850 114.600 1.032
202106 -0.310 115.300 -0.374
202109 0.030 117.500 0.036
202112 0.040 118.900 0.047
202203 0.457 119.800 0.531
202206 -0.380 122.600 -0.431
202209 -0.950 125.600 -1.052
202212 -0.560 125.900 -0.619
202303 -1.200 127.600 -1.308
202306 -0.520 130.400 -0.555
202309 0.540 129.800 0.579
202312 0.970 131.900 1.023
202403 0.260 132.600 0.273
202406 0.210 133.800 0.218
202409 0.340 133.700 0.354
202412 0.560 134.800 0.578
202503 1.090 136.100 1.114
202506 0.460 137.800 0.464
202509 0.850 138.500 0.854
202512 -0.080 139.100 -0.080
202603 1.100 139.100 1.100

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

Frequently Asked Questions Learn more about E10 →
What does a E10 of kr0.17 mean?
Zalaris ASA (CHIX:ZALO) has a E10 of kr0.17 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Zalaris ASA and its competitors.
Is Zalaris ASA's E10 too high?
Zalaris ASA's current E10 is kr0.17. 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 E10 compare to KFY and RHI?
Zalaris ASA's E10 of kr0.17 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 E10 for a Business Services company?
A good E10 depends on the Business Services industry context. However, E10 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 E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Zalaris ASA and its competitors. Zalaris ASA's current E10 is kr0.17. 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 E10 of kr0.17. The stock's GF Value™ is kr47.22, compared to a current price of kr51.60 — trading 9.3% above its estimated fair value. The current E10 is kr0.17. Zalaris ASA's overall GF Score™ is 87/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is E10 calculated?
E10 is calculated from a company's financial statements. For Zalaris ASA (CHIX:ZALO), the current E10 is kr0.17 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 9.3% above its estimated GF Value™ of kr47.22.

Key valuation signals for CHIX:ZALO:

  • E10: kr0.17
  • GF Value™: kr47.22 vs. price of kr51.60 (9.3% above fair value)
  • GF Score™: 87/100 with 6 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

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

kr51.60
Price
kr47.22
GF Value