Zalando SE (ZAL) Fair Value & Analysis
Consumer Cyclical · DE · Market cap €6.0B
Fair value as of: Jun 24, 2026
From 26 valuation models · updated 5 days ago
Fair value updated Jun 24, 2026 — revised from €22.75 to €22.60 (−0.7%) since Jun 23, 2026. Share price +8.0% over the past month.
Price vs Fair Value (12 months)
12‑month range €19.35 – €29.48 · fair‑value band €16.32 – €28.87 · the €25.50 price screens above the €22.60 fair value. As of Jun 24, 2026.
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Zalando SE (ZAL) currently trades at €25.50, while our model-based Fair Value estimate is €22.60 — implying the stock looks roughly 11.4% overvalued today. We read business quality at 95/100 (high quality), in the Consumer Cyclical 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, Zalando SE generated revenue of €12.9B at a net margin of 0.9%. Revenue grew 23.8% year over year. It earns a return on equity of 4.3%. The balance sheet holds a net cash position of €436M. 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
Zalando SE operates an online platform for fashion and lifestyle products in Germany and internationally. The company operates through Business-to-Business and Business-to-Consumer segments. It engages in the development, sourcing, marketing, retail, and commission sale of various type of goods, including shoes, apparel, accessories, and beauty products with free delivery and returns, as well as various payment options. The company sells its products through Lounge by Zalando and its outlets. Zalando SE was founded in 2008 and is headquartered in Berlin, Germany.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Zalando SE reported revenue of €12.3B in FY2025 versus €10.4B in FY2021, a compound +4.5%/yr. Reported net income was €215M in FY2025, compounding −2.1%/yr from FY2021.
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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.