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Zalaris ASA (OSTO:ZALO) E10 : kr0.09 (As of Jun. 2024)


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What is Zalaris ASA 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.

Zalaris ASA's adjusted earnings per share data for the three months ended in Jun. 2024 was kr0.210. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is kr0.09 for the trailing ten years ended in Jun. 2024.

During the past 12 months, Zalaris ASA's average E10 Growth Rate was -83.10% 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 E10 growth rate using E10 data.

As of today (2024-09-21), Zalaris ASA's current stock price is kr69.60. Zalaris ASA's E10 for the quarter that ended in Jun. 2024 was kr0.09. Zalaris ASA's Shiller PE Ratio of today is 773.33.

During the past 13 years, the highest Shiller PE Ratio of Zalaris ASA was 1128.57. The lowest was 22.63. And the median was 75.08.


Zalaris ASA E10 Historical Data

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.

* Premium members only.

Zalaris ASA E10 Chart

Zalaris ASA 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 - - - 0.69 0.26

Zalaris ASA Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 0.55 0.44 0.26 0.06 0.09

Competitive Comparison of Zalaris ASA's E10

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's Shiller PE Ratio Distribution in the 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.



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 Jun. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=0.21/133.8000*133.8000
=0.210

Current CPI (Jun. 2024) = 133.8000.

Zalaris ASA Quarterly Data

per share eps CPI Adj_EPS
201409 -0.020 98.500 -0.027
201412 0.160 98.600 0.217
201503 0.330 99.200 0.445
201506 0.290 100.100 0.388
201509 0.200 100.600 0.266
201512 0.280 100.900 0.371
201603 0.260 102.500 0.339
201606 0.210 103.800 0.271
201609 0.310 104.200 0.398
201612 0.560 104.400 0.718
201703 0.280 105.000 0.357
201706 -0.230 105.800 -0.291
201709 0.190 105.900 0.240
201712 -0.850 106.100 -1.072
201803 0.600 107.300 0.748
201806 -0.060 108.500 -0.074
201809 -0.360 109.500 -0.440
201812 -0.210 109.800 -0.256
201903 0.280 110.400 0.339
201906 -0.170 110.600 -0.206
201909 -0.340 111.100 -0.409
201912 -0.170 111.300 -0.204
202003 -2.480 111.200 -2.984
202006 1.110 112.100 1.325
202009 -0.090 112.900 -0.107
202012 0.960 112.900 1.138
202103 0.850 114.600 0.992
202106 -0.310 115.300 -0.360
202109 0.030 117.500 0.034
202112 0.040 118.900 0.045
202203 0.457 119.800 0.510
202206 -0.380 122.600 -0.415
202209 -0.950 125.600 -1.012
202212 -0.560 125.900 -0.595
202303 -1.200 127.600 -1.258
202306 -0.520 130.400 -0.534
202309 0.620 129.800 0.639
202312 0.960 131.900 0.974
202403 0.260 132.600 0.262
202406 0.210 133.800 0.210

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


Zalaris ASA  (OSTO: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
=69.60/0.09
=773.33

* 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 1128.57. The lowest was 22.63. And the median was 75.08.


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

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


Zalaris ASA Business Description

Traded in Other Exchanges
Address
Hoffsveien 4, Oslo, NOR, NO-0275
Zalaris ASA is engaged in delivering full-service outsourced personnel and payroll services. The company has two reportable segments that are Managed Services and Professional Services. Managed services include payroll and HR outsourcing services, as well as related cloud system solutions and services. Professional Services include deliveries of change projects based on Zalaris templates or implementation of customer-specific functionality. Managed services contribute to the majority of the revenue. The company operates in Norway, Northern Europe, Central Europe, the United Kingdom, Ireland and APAC.

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