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Zalando SE (MEX:ZAL N) E10 : MXN5.75 (As of Mar. 2025)


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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. 2025 was MXN0.885. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is MXN5.75 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Zalando SE's average E10 Growth Rate was 11.80% 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 (2025-06-27), Zalando SE's current stock price is MXN320.60. Zalando SE's E10 for the quarter that ended in Mar. 2025 was MXN5.75. Zalando SE's Shiller PE Ratio of today is 55.76.

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 54.41.


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 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 9.16 10.23 5.74

Zalando SE Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 6.17 7.91 5.95 5.74 5.75

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.


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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. 2025 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=0.885/127.7792*127.7792
=0.885

Current CPI (Mar. 2025) = 127.7792.

Zalando SE Quarterly Data

per share eps CPI Adj_EPS
201506 1.585 100.417 2.017
201509 -2.276 100.417 -2.896
201512 7.680 99.717 9.841
201603 0.383 100.017 0.489
201606 4.156 100.717 5.273
201609 0.434 101.017 0.549
201612 5.002 101.217 6.315
201703 0.403 101.417 0.508
201706 3.656 102.117 4.575
201709 -0.865 102.717 -1.076
201712 5.578 102.617 6.946
201803 -1.344 102.917 -1.669
201806 4.591 104.017 5.640
201809 -3.710 104.718 -4.527
201812 4.914 104.217 6.025
201903 -1.534 104.217 -1.881
201906 3.907 105.718 4.722
201909 -1.087 106.018 -1.310
201912 6.915 105.818 8.350
202003 -9.068 105.718 -10.960
202006 12.217 106.618 14.642
202009 5.724 105.818 6.912
202012 12.100 105.518 14.653
202103 3.407 107.518 4.049
202106 10.792 108.486 12.711
202109 -0.726 109.435 -0.848
202112 7.649 110.384 8.854
202203 -5.263 113.968 -5.901
202206 1.063 115.760 1.173
202209 -2.788 118.818 -2.998
202212 7.848 119.345 8.403
202303 -2.895 122.402 -3.022
202306 4.086 123.140 4.240
202309 -0.558 124.195 -0.574
202312 5.183 123.773 5.351
202403 -0.541 125.038 -0.553
202406 7.296 125.882 7.406
202409 3.715 126.198 3.762
202412 10.046 127.041 10.104
202503 0.885 127.779 0.885

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


Zalando SE  (MEX:ZAL N) 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
=320.60/5.75
=55.76

* 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 54.41.


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 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. The company commands around 12% market share in European online apparel sales. It has 12 fulfillment centers and offers over 7,000 brands on its platform. In 2024, Zalando had 50 million active users (more than 10% of the population in countries where the firm has a presence).

Zalando SE Headlines

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