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Zalando SE (WAR:ZAL) E10 : zł2.19 (As of Mar. 2024)


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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. 2024 was zł-0.131. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is zł2.19 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Zalando SE's average E10 Growth Rate was 18.60% 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 (2024-06-10), Zalando SE's current stock price is zł103.75. Zalando SE's E10 for the quarter that ended in Mar. 2024 was zł2.19. Zalando SE's Shiller PE Ratio of today is 47.37.

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 58.03.


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 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 2.10

Zalando SE Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 - 2.02 2.12 2.10 2.19

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.



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. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=-0.131/125.0381*125.0381
=-0.131

Current CPI (Mar. 2024) = 125.0381.

Zalando SE Quarterly Data

per share eps CPI Adj_EPS
201406 0.648 99.543 0.814
201409 -0.012 99.823 -0.015
201412 1.001 99.543 1.257
201503 0.435 99.717 0.545
201506 0.406 100.417 0.506
201509 -0.542 100.417 -0.675
201512 1.797 99.717 2.253
201603 0.090 100.017 0.113
201606 0.904 100.717 1.122
201609 0.090 101.017 0.111
201612 0.976 101.217 1.206
201703 0.086 101.417 0.106
201706 0.814 102.117 0.997
201709 -0.192 102.717 -0.234
201712 1.143 102.617 1.393
201803 -0.298 102.917 -0.362
201806 0.940 104.017 1.130
201809 -0.798 104.718 -0.953
201812 1.007 104.217 1.208
201903 -0.318 104.217 -0.382
201906 0.818 105.718 0.967
201909 -0.222 106.018 -0.262
201912 1.475 105.818 1.743
202003 -1.556 105.718 -1.840
202006 2.129 106.618 2.497
202009 1.043 105.818 1.232
202012 2.447 105.518 2.900
202103 0.671 107.518 0.780
202106 2.181 108.486 2.514
202109 -0.142 109.435 -0.162
202112 1.500 110.384 1.699
202203 -1.063 113.968 -1.166
202206 0.213 115.760 0.230
202209 -0.558 118.818 -0.587
202212 1.619 119.345 1.696
202303 -0.646 122.402 -0.660
202306 0.959 123.140 0.974
202309 -0.129 124.195 -0.130
202312 1.228 123.773 1.241
202403 -0.131 125.038 -0.131

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


Zalando SE  (WAR:ZAL) 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
=103.75/2.19
=47.37

* 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 58.03.


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 (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.

Zalando SE (WAR:ZAL) Headlines

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