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Zalando SE (WAR:ZAL) Cyclically Adjusted PB Ratio : 3.13 (As of Jun. 10, 2024)


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What is Zalando SE Cyclically Adjusted PB Ratio?

As of today (2024-06-10), Zalando SE's current share price is zł103.75. Zalando SE's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was zł33.12. Zalando SE's Cyclically Adjusted PB Ratio for today is 3.13.

The historical rank and industry rank for Zalando SE's Cyclically Adjusted PB Ratio or its related term are showing as below:

WAR:ZAL' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.15   Med: 3.6   Max: 6.56
Current: 3.03

During the past years, Zalando SE's highest Cyclically Adjusted PB Ratio was 6.56. The lowest was 2.15. And the median was 3.60.

WAR:ZAL's Cyclically Adjusted PB Ratio is ranked worse than
77.71% of 767 companies
in the Retail - Cyclical industry
Industry Median: 1.17 vs WAR:ZAL: 3.03

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Zalando SE's adjusted book value per share data for the three months ended in Mar. 2024 was zł40.600. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is zł33.12 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Zalando SE Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Zalando SE's Cyclically Adjusted PB Ratio 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 Cyclically Adjusted PB Ratio Chart

Zalando SE Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 4.76 2.82

Zalando SE Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted PB Ratio 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 5.28 3.57 2.83 2.82 3.43

Competitive Comparison of Zalando SE's Cyclically Adjusted PB Ratio

For the Internet Retail subindustry, Zalando SE's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB 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 Cyclically Adjusted PB Ratio Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Zalando SE's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Zalando SE's Cyclically Adjusted PB Ratio falls into.



Zalando SE Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Zalando SE's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=103.75/33.12
=3.13

* 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.

Zalando SE's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Zalando SE's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=40.6/125.0381*125.0381
=40.600

Current CPI (Mar. 2024) = 125.0381.

Zalando SE Quarterly Data

Book Value per Share CPI Adj_Book
201406 12.418 99.543 15.599
201409 22.811 99.823 28.573
201412 22.836 99.543 28.685
201503 20.424 99.717 25.610
201506 21.639 100.417 26.945
201509 21.326 100.417 26.555
201512 22.551 99.717 28.277
201603 23.179 100.017 28.978
201606 24.382 100.717 30.270
201609 24.524 101.017 30.356
201612 24.156 101.217 29.841
201703 24.626 101.417 30.362
201706 26.851 102.117 32.878
201709 28.525 102.717 34.724
201712 29.641 102.617 36.117
201803 30.021 102.917 36.474
201806 28.203 104.017 33.903
201809 28.163 104.718 33.628
201812 28.606 104.217 34.321
201903 27.666 104.217 33.193
201906 28.801 105.718 34.065
201909 28.317 106.018 33.397
201912 30.269 105.818 35.767
202003 29.287 105.718 34.639
202006 32.345 106.618 37.933
202009 37.197 105.818 43.953
202012 41.552 105.518 49.239
202103 42.597 107.518 49.538
202106 43.633 108.486 50.290
202109 39.856 109.435 45.539
202112 38.990 110.384 44.166
202203 34.748 113.968 38.123
202206 33.981 115.760 36.704
202209 31.903 118.818 33.573
202212 36.191 119.345 37.917
202303 36.452 122.402 37.237
202306 38.400 123.140 38.992
202309 37.722 124.195 37.978
202312 39.968 123.773 40.377
202403 40.600 125.038 40.600

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

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.


Zalando SE  (WAR:ZAL) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Zalando SE Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Zalando SE's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Zalando SE (WAR:ZAL) 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, which accounts for around 40% of revenue. The company commands 4% of European apparel sales and 12% market share in European online apparel sales. It has 12 fulfilment centers and presents over 7,000 brands on its platform. In 2022, Zalando had over 50 million active users (more than 10% of the population in countries where the firm has a presence) and over 7 billion site visits.

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