ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Zalaris ASA's annualized net income for the quarter that ended in Mar. 2026 was kr104 Mil. Zalaris ASA's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was kr283 Mil. Therefore, Zalaris ASA's annualized ROE % for the quarter that ended in Mar. 2026 was 36.67%.
The historical rank and industry rank for Zalaris ASA's ROE % or its related term are showing as below:
CHIX:ZALo'
s ROE % Range Over the Past 10 Years
Min: -19.84 Med: -1.13 Max: 25.67
Current: 19.4
During the past 13 years, Zalaris ASA's highest ROE % was 25.67%. The lowest was -19.84%. And the median was -1.13%.
CHIX:ZALo's ROE % is ranked better than 80.43% of 1058
companies
in the Business Services industry
Industry Median: 8.095
vs CHIX:ZALo: 19.40
Zalaris ASA (CHIX:ZALo) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
Note:
The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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.
Be Aware
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.
Zalaris ASA ROE % Related Terms
Zalaris ASA ROE % Historical Data
* Premium members only.
The historical data trend for Zalaris ASA's ROE % 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.
For the Staffing & Employment Services subindustry, Zalaris ASA's ROE %, along with its competitors' market caps and ROE % 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 ROE % vs Business Services Industry
For the Business Services industry and Industrials sector, Zalaris ASA's ROE % distribution charts can be found below:
* The bar in red indicates where Zalaris ASA's ROE % falls into.
* 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.
In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
ROE % is displayed in the 30-year financial page.
Zalaris ASA (CHIX:ZALO) has a ROE % of 36.67% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Zalaris ASA and its competitors. According to the industry distribution chart, Zalaris ASA ranks #207 out of 1058 companies in the Business Services industry, placing it in the top 19.6%.
Is Zalaris ASA's ROE % too high?
Zalaris ASA's current ROE % is 36.67%. The Business Services industry median ROE % is 8.10. Zalaris ASA's value of 36.67% is 353% above this industry median. Based on the distribution chart, Zalaris ASA ranks #207 out of 1058 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. 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 ROE % compare to KFY and RHI?
According to the Business Services industry distribution chart, Zalaris ASA ranks #207 out of 1058 companies for ROE %. This places Zalaris ASA in the top 20% of its industry — outperforming the majority of peers. The industry median ROE % is 8.10. Zalaris ASA's value of 36.67% is 353% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for a Business Services company?
The median ROE % among Business Services companies is 8.10, based on 1,058 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Zalaris ASA's current ROE % of 36.67% is 353% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Zalaris ASA and its competitors. For the Business Services industry, the median ROE % is 8.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zalaris ASA's current ROE % is 36.67%. 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 ROE % of 36.67%. 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 ROE % is 36.67% and 353% above the Business Services industry median of 8.10. 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 ROE % calculated?
ROE % is calculated from a company's financial statements. For Zalaris ASA (CHIX:ZALO), the current ROE % is 36.67% 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:
ROE %: 36.67%
GF Value™: kr47.22 vs. price of kr51.60 (9.3% above fair value)
Industry Position: 353% above the Business Services median (#207 of 1058)
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 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
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