Zalaris ASA (ZAL) Fair Value & Analysis
Industrials · NO · Market cap 2.2B NOK
Fair value as of: Jun 24, 2026
From 26 valuation models · updated 5 days ago
Fair value updated Jun 24, 2026 — revised from kr 62.88 to kr 58.35 (−7.2%) since Jun 23, 2026. Share price −1.1% over the past month.
Price vs Fair Value (12 months)
12‑month range kr 73.27 – kr 110.82 · fair‑value band kr 43.76 – kr 81.75 · the kr 102.00 price screens above the kr 58.35 fair value. As of Jun 24, 2026.
✦ Which stocks are undervalued right now? Check free Discover now →Analysis
Zalaris ASA (ZAL) currently trades at kr 102.00, while our model-based Fair Value estimate is kr 58.35 — implying the stock looks roughly 42.8% overvalued today. We read business quality at 95/100 (high quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).
Over the trailing twelve months, Zalaris ASA generated revenue of 1.5B NOK at a net margin of 3.6%. Revenue grew 0.5% year over year. It earns a return on equity of 19.2%. Net debt stands at 221M NOK. Fundamentals as of Jun 24, 2026
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.
About the company
Zalaris ASA, together with its subsidiaries, provides full-service outsourced personnel and payroll services. It operates through two segments, Managed Services and Zalaris Consulting. The Managed Services segment offers a range of payroll and human resource (HR) outsourcing services, including payroll processing, time and attendance, travel expenses; and cloud-based HR functionality services, such as talent management, digital personnel archive, HR analytics, and mobile solutions, etc. Its Zalaris Consulting segment implements SAP HCM and Payroll, and SuccessFactors; and provides AMO services, which assists customers with maintenance and support of on-premises SAP solutions. The company also offers business processing outsourcing and consulting services. It operates in Norway, Sweden, Denmark, Finland, Spain, France, Ireland, the United Kingdom, Germany, Latvia, Poland, Hungary, Czechia, India, Singapore, the Philippines, Australia, and internationally. The company was formerly kno…
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Zalaris ASA reported revenue of kr 1.5B in FY2025 versus kr 775M in FY2021, a compound +18.0%/yr. Reported net income was kr 60.5M in FY2025, compounding +47.4%/yr from FY2021.
Open the full interactive analysis →
Similar stocks
6 more Staffing & Employment Services stocks, each showing price versus our Fair Value estimate (as of Jun 24, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Randstad N.V RANJY | $15.03 | $20.32 | +35% |
| Adecco Group AHEXF | $17.25 | $29.31 | +70% |
| Korn Ferry, KFY | $67.77 | $99.59 | +47% |
| Robert Half Inc RHI | $31.24 | $27.30 | -13% |
| TriNet Group TNET | $46.64 | $71.78 | +54% |
| ManpowerGroup Inc MAN | $33.55 | $26.01 | -22% |
Explore undervalued stocks
More undervalued Industrials stocks →
Frequently asked questions
Is Zalaris ASA (ZAL) undervalued?
What is the fair value of ZAL?
What is the quality score of ZAL?
What is the revenue of Zalaris ASA (ZAL)?
What is the net profit margin of ZAL?
How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.
Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.