Zalaris ASA (FRA:81Y) EV-to-EBITDA: 11.91 (As of Sep. 05, 2026) — Near Median

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FRA:81Y Zalaris ASA FRA:81Y
84 GF Score
Price €9.26
GF Value €8.64
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Zalaris ASA EV-to-EBITDA?

Zalaris ASA FRA:81Y -1.07% 84 EV-to-EBITDA is 11.91 as of Sep. 05, 2026, which is 5% above its 10-year median of 11.31. GuruFocus rates FRA:81Y with a GF Score™ of 84/100 and a GF Value™ of €8.64 (Fairly Valued). The stock has 5 warning signs investors should review. Among 909 Business Services companies, Zalaris ASA ranks worse than 70.41% on this metric.

EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Zalaris ASA's enterprise value is €236.8 Mil. Zalaris ASA's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was €19.9 Mil. Therefore, Zalaris ASA's EV-to-EBITDA for today is 11.91.

The historical rank and industry rank for Zalaris ASA's EV-to-EBITDA or its related term are showing as below:

FRA:81Y' s EV-to-EBITDA Range Over the Past 10 Years
Min: 7.25   Med: 11.31   Max: 34.58
Current: 11.29

During the past 13 years, the highest EV-to-EBITDA of Zalaris ASA was 34.58. The lowest was 7.25. And the median was 11.31.

FRA:81Y's EV-to-EBITDA is ranked worse than
70.41% of 909 companies
in the Business Services industry
Industry Median: 7.55 vs FRA:81Y: 11.29

EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.

As of today (2026-09-05), Zalaris ASA's stock price is €9.26. Zalaris ASA's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was €0.078. Therefore, Zalaris ASA's PE Ratio (TTM) for today is 118.72.

The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).


Zalaris ASA  (FRA:81Y) EV-to-EBITDA Explanation

EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

Zalaris ASA's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=9.26/0.078
=118.72

Zalaris ASA's share price for today is €9.26.
Zalaris ASA's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €0.078.

* 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.

Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).

Please read Which price ratio outperforms the enterprise multiple?


Zalaris ASA EV-to-EBITDA Related Terms


Zalaris ASA EV-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Zalaris ASA's EV-to-EBITDA 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 EV-to-EBITDA Chart

Zalaris ASA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.36 11.19 11.57 9.39 8.38

Zalaris ASA Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
EV-to-EBITDA 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 7.72 7.41 8.38 8.92 11.13

FRA:81Y vs RHI, KFY, TNET: EV-to-EBITDA Comparison

For the Staffing & Employment Services subindustry, Zalaris ASA's EV-to-EBITDA, along with its competitors' market caps and EV-to-EBITDA 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 EV-to-EBITDA vs Business Services Industry

For the Business Services industry and Industrials sector, Zalaris ASA's EV-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Zalaris ASA's EV-to-EBITDA falls into.


FRA:81Y
84GF Score
Zalaris ASA FRA:81Y
EV-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Zalaris ASA EV-to-EBITDA Calculation

Zalaris ASA's EV-to-EBITDA for today is calculated as:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA (TTM)
=236.774/19.877
=11.91

Zalaris ASA's current Enterprise Value is €236.8 Mil.
Zalaris ASA's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €19.9 Mil.

* 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.

Frequently Asked Questions Learn more about EV-to-EBITDA →
What does a EV-to-EBITDA of 11.91 mean?
Zalaris ASA (FRA:81Y) has a EV-to-EBITDA of 11.91 as of Sep. 05, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Zalaris ASA. This is near median its historical median of 11.31. Over the past decade, Zalaris ASA's EV-to-EBITDA has ranged from 7.25 to 34.58. According to the industry distribution chart, Zalaris ASA ranks #640 out of 909 companies in the Business Services industry, placing it in the top 70.4%.
Is Zalaris ASA's EV-to-EBITDA too high?
Zalaris ASA's current EV-to-EBITDA of 11.91 is near median its 10-year median of 11.31. Over the past 10 years, this metric has ranged from a low of 7.25 to a high of 34.58. The Business Services industry median EV-to-EBITDA is 7.55. Zalaris ASA's value of 11.91 is 57.7% above this industry median. Based on the distribution chart, Zalaris ASA ranks #640 out of 909 companies in the Business Services industry, which is below the industry midpoint. Overall, Zalaris ASA has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Zalaris ASA's EV-to-EBITDA compare to RHI and KFY?
According to the Business Services industry distribution chart, Zalaris ASA ranks #640 out of 909 companies for EV-to-EBITDA. This places Zalaris ASA in the lower half of its industry. The industry median EV-to-EBITDA is 7.55. Zalaris ASA's value of 11.91 is 57.7% above this benchmark. Historically, Zalaris ASA's own EV-to-EBITDA has ranged from 7.25 to 34.58 over the past decade. While the company's 10-year median is 11.31 vs. the industry median of 7.55, Zalaris ASA has consistently been above 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 EV-to-EBITDA for a Business Services company?
The median EV-to-EBITDA among Business Services companies is 7.55, based on 909 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Zalaris ASA's current EV-to-EBITDA of 11.91 is 57.7% above 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 EV-to-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Zalaris ASA. For the Business Services industry, the median EV-to-EBITDA is 7.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zalaris ASA's current EV-to-EBITDA is 11.91, which is near median its own 10-year median of 11.31. 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?
Based on GuruFocus' analysis, Zalaris ASA (FRA:81Y) is currently considered Fairly Valued. The stock's GF Value™ is €8.64, compared to a current price of €9.26 — trading 7.2% above its estimated fair value. The current EV-to-EBITDA is 11.91, which is near median its 10-year median of 11.31 and 57.7% above the Business Services industry median of 7.55. Zalaris ASA'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 EV-to-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For Zalaris ASA (FRA:81Y), the current EV-to-EBITDA is 11.91 as of Sep. 05, 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 (FRA:81Y) Overvalued in 2026?

Based on GuruFocus' analysis, Zalaris ASA stock appears to be overvalued. The current stock price of €9.26 is trading 7.2% above its estimated GF Value™ of €8.64. GuruFocus considers Zalaris ASA to be Fairly Valued.

Key valuation signals for FRA:81Y:

  • EV-to-EBITDA: 11.91 (near median its 10-year median of 11.31)
  • GF Value™: €8.64 vs. price of €9.26 (7.2% above fair value)
  • GF Score™: 84/100 with 5 warning signs
  • Industry Position: 57.7% above the Business Services median (#640 of 909)

No single metric tells the full story. See the FRA:81Y 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.
84GF Score

Get the complete analysis for FRA:81Y

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

€9.26
Price
€8.64
GF Value