Zalando SE

Germany Country flag Germany
Sector: Broadline Retailers
Ticker: ZAL
ISIN: DE000ZAL1111
Factsheet Factsheet

Market multiple valuation of Zalando SE ( ZAL | DEU)

The most common multiple used in the valuation of stocks is the P/Earnings NTM multiple (Price to Earnings). P/E relates the current share price with the market expectations in terms of Earnings Per Share. This multiple is used to compare a company's market value with its earnings. A company with a high P/Earnings NTM is considered to be overvalued; a company with a low P/Earnings NTM is considered to be undervalued.
The P/Earnings NTM ratio of Zalando SE is slightly higher than the median of its peer group: around 24.00. The company valuation of Zalando SE according to these metrics is consistent with the market valuation of its peer group.
The P/Earnings NTM ratio of Zalando SE is significantly higher than the average of its sector (Broadline Retailers): 13.61. The company valuation of Zalando SE according to these metrics is way above the market valuation of its sector.
The P/Earnings NTM ratio of Zalando SE is significantly lower than its historical 5-year average: 62.4. The (current) company valuation of Zalando SE is therefore way below its valuation average over the last five years.

Valuation
P/E Last P/E (e) 2025P/E NTM
Zalando SEFree trialFree trialFree trial
International PeersFree trialFree trialFree trial
Broadline Retailers13.0214.3213.61
DAX 4016.7114.7214.39
Germany10.2212.0311.59
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Beta (Ref: DAX 40)
Levered betaUnlevered beta
1-Year1.721.80
2-Year1.901.99
3-Year2.022.12
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Stock Perf excl. Dividends (in EUR)
ZALDAX 40Rel. Perf.
Year-to-Date-7.1%16.1%-23.2%
1-Week-5.8%2.8%-8.6%
1-Month2.3%16.8%-14.5%
1-Year13.5%25.4%-11.9%
3-Year-9.9%69.0%-79.0%
5-Year-43.7%114.8%-158.6%
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International Peers - Zalando SE
Company NameCtryMarket
Cap.
last (mUSD)
Zalando SEDEU-0.00
International Peers Median0.61
Delivery Hero SEDEU-0.00
Deliveroo PlcGBR-0.00
Zumiez Inc.USA224
Torrid Holdings, Inc.USA545
Burlington Stores Inc.USA15 597
GPRV Analysis
Created with Highcharts 4.1.70/102/104/106/108/1010/10
Zalando SE
Intl. Peers
U.S Patents No. 7,882,001 & 8,082,201
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Net Sales Chart
Created with Highcharts 4.1.7Millions EUR201920202021202220232024 (e)2025 (e)2026 (e)2027 (e)0k5k10k15k
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Quotes Chart

1-Year Rebased Stock Chart

  • Zalando SE
  • DAX 40
Created with Highcharts 4.1.7Jan '25Sep '24May '25-25%0%25%50%75%
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Did you know ?

On the Infront Analytics platform, there are two ways to identify the listed peers which most closely resemble a private firm:
- with Peer Tracker if you already know a listed peer.
Peer Tracker is a patented technology tool for building peer groups using industry classifications. The degree of similarity between two companies is calculated comparing their sector footprints and measured using comparability scores.
- with Market Screener if you have no listed peer in mind.
Market Screener is a dedicated interface for screening companies using multiple criteria, identifying peers, searching for comparable companies in a specific business sector.

About Market Multiples

Many methods can be used to value a company. In reality, business valuation is often a combination of these different approaches. One of the most widely used quantitative methods is the market multiples method. The market valuation is utilized generally as a primary market input, to provide an objective starting point for the valuation. Put simply, this method multiplies the sales or profits of a business by an industry averaged multiplier to calculate the Market Value of the business.
Current multiples include:
- Historical multiples based on standardized financials for the last completed fiscal period: Last, Last Twelve Months (LTM);
- Forward multiples based on consensus estimates for the current fiscal period and next ones: Next Twelve Months (NTM), FY0, FY1.
Current multiples based on per-share metrics (such as earnings per share or book value per share) are calculated using the last closing price, while current multiples based on company-level metrics (such as net sales, EBIT or EBITDA) are calculated using the current market cap or EV (Enterprise Value).