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STOCK COMPARISON

Adecco Group AG Class N vs Zalaris ASA: Fair Value & Quality

Both stocks run through our valuation models. Here is how Adecco Group AG Class N (ADEN) and Zalaris ASA (ZAL) compare, as of Sep 24, 2026.

As of Sep 24, 2026, Fair Value Calculator sees Adecco Group AG Class N as the more attractively valued of the two: Adecco Group AG Class N trades at CHF 24.70 versus a fair value of CHF 26.63 (+8%), while Zalaris ASA trades at NOK 100 versus NOK 84.69 (-15%).
Adecco Group AG Class N
ADEN.SW · CHF · Industrials
+8%
upside to fair value
fairly valued
PriceCHF 24.70
Fair ValueCHF 26.63
Quality62/100
Zalaris ASA
ZAL.OL · NOK · Industrials
-15%
upside to fair value
overvalued
PriceNOK 100
Fair ValueNOK 84.69
Quality62/100
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

Adecco Group AG Class NZalaris ASA
Valuation
14.0×P/E (TTM)43.5×
0.22×P/S (TTM)1.44×
1.49× · book value is mostly goodwillP/B7.90× · book value is mostly goodwill
9.7×EV/EBITDA14.5×
0.74×PEGn/a
+7.8%Fair value upside−15.3%
5.0%Dividend yield0.9%
Profitability
2%Operating margin8%
3.83×EBIT margin trend (5Y)2.26×
9%Return on equity19%
3%Return on assets7%
Growth
2%Revenue growth (YoY)1%
-0.6%Avg. growth/yr (3Y)19.0%
3.5%Avg. growth/yr (5Y)13.7%
−10.4%Value creation/yr+55.5%
Balance & size
8.0×Interest coverage (EBIT/interest)4.1×
0.76×Debt / equity1.52×
$5BMarket cap$229M
mixedGrowth qualityhealthy

Adecco Group AG Class N leads: 8 to 6 metric wins.

n/a = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Adecco Group AG Class Nof which business quality 60 · market factors 74 Zalaris ASAof which business quality 62 · market factors 60
ProfitabilityMargins and returns on capital today
51
67
Quality GrowthAre margins and returns improving?
50
60
CashflowEarnings quality: real cash, not paper profit
55
72
Fin. StrengthBalance sheet, leverage, solvency risk
49
44
InvestmentDisciplined investing over empire-building
100
48
Low VolatilityCalm price path (market factor)
53
67
MomentumPrice trend over the last 3–12 months (market factor)
84
51
52W MomentumDistance to the 52-week high (market factor)
81
68
Net IssuanceShare count: buybacks or dilution?
80
80

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyAdecco Group AG Class NPrice CHF 24.70Zalaris ASAPrice NOK 100
DCF Models+11%close to the priceCHF 27.32+15%close to the priceNOK 115
Earnings-Based-30%below the priceCHF 17.18-58%below the priceNOK 42.05
Dividend Discount-50%below the priceCHF 12.36-90%below the priceNOK 10.21
Multiples+31%above the priceCHF 32.33-28%below the priceNOK 71.53
Asset-Based-47%below the priceCHF 13.08-92%below the priceNOK 8.47
Growth DCF+17%above the priceCHF 28.93+19%above the priceNOK 119
Economic Profit-40%below the priceCHF 14.78-62%below the priceNOK 37.66
Growth Earnings+12%close to the priceCHF 27.57-37%below the priceNOK 62.88
Minimum-50%below the priceCHF 12.36-92%below the priceNOK 8.47
Maximum+31%above the priceCHF 32.33+19%above the priceNOK 119
Median-10%close to the priceCHF 22.25-48%below the priceNOK 52.46
Geometric mean-18%below the priceCHF 20.31-59%below the priceNOK 41.28

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Adecco Group AG Class N: 9 of 24 models see the stock below the current price.

Zalaris ASA: 16 of 26 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

Adecco Group AG Class N
Price CHF 24.70
Fair Value CHF 26.63
Bear CHF 15.50Bull CHF 41.96
Zalaris ASA
Price NOK 100
Fair Value NOK 84.69
Bear NOK 56.24Bull NOK 113

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Adecco Group AG Class N · Industrials

Quality score62 · Top 25%
Fair value upside+8% · above median

Zalaris ASA · Industrials

Quality score62 · Top 25%
Fair value upside-15% · below median

Bottom line

As of Sep 24, 2026, Fair Value Calculator sees Adecco Group AG Class N as the more attractively valued of the two: Adecco Group AG Class N trades at CHF 24.70 versus a fair value of CHF 26.63 (+8%), while Zalaris ASA trades at NOK 100 versus NOK 84.69 (-15%).

Adecco Group AG Class N has the higher quality score (62/100).

Open Adecco Group AG Class N live analysis →

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.