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PNDRY (Pandora AS) Cyclically Adjusted Book per Share : $1.17 (As of Mar. 2025)


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What is Pandora AS Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

Pandora AS's adjusted book value per share for the three months ended in Mar. 2025 was $0.888. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is $1.17 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Pandora AS's average Cyclically Adjusted Book Growth Rate was -0.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 4.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 6.10% 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 Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Pandora AS was 9.00% per year. The lowest was 4.10% per year. And the median was 7.30% per year.

As of today (2025-05-21), Pandora AS's current stock price is $23.09. Pandora AS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was $1.17. Pandora AS's Cyclically Adjusted PB Ratio of today is 19.74.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Pandora AS was 21.38. The lowest was 4.11. And the median was 10.41.


Pandora AS Cyclically Adjusted Book per Share Historical Data

The historical data trend for Pandora AS's Cyclically Adjusted Book per Share 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.

Pandora AS Cyclically Adjusted Book per Share Chart

Pandora AS Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.06 1.10 1.15 1.19 1.14

Pandora AS Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted Book per Share 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 1.18 1.17 1.21 1.14 1.17

Competitive Comparison of Pandora AS's Cyclically Adjusted Book per Share

For the Luxury Goods subindustry, Pandora AS's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB 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.


Pandora AS's Cyclically Adjusted PB Ratio Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Pandora AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Pandora AS's Cyclically Adjusted PB Ratio falls into.


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Pandora AS Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Book per Share.

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, Pandora AS's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book= Book Value per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=0.888/120.2000*120.2000
=0.888

Current CPI (Mar. 2025) = 120.2000.

Pandora AS Quarterly Data

Book Value per Share CPI Adj_Book
201506 0.949 100.300 1.137
201509 0.884 100.200 1.060
201512 0.963 99.800 1.160
201603 0.851 100.200 1.021
201606 0.879 100.600 1.050
201609 0.930 100.200 1.116
201612 1.076 100.300 1.289
201703 1.127 101.200 1.339
201706 1.061 101.200 1.260
201709 1.072 101.800 1.266
201712 1.181 101.300 1.401
201803 1.213 101.700 1.434
201806 1.142 102.300 1.342
201809 0.980 102.400 1.150
201812 1.194 102.100 1.406
201903 1.043 102.900 1.218
201906 1.076 102.900 1.257
201909 0.822 102.900 0.960
201912 1.050 102.900 1.227
202003 0.732 103.300 0.852
202006 1.037 103.200 1.208
202009 1.128 103.500 1.310
202012 1.515 103.400 1.761
202103 1.594 104.300 1.837
202106 1.657 105.000 1.897
202109 1.473 105.800 1.673
202112 1.384 106.600 1.561
202203 1.086 109.900 1.188
202206 1.073 113.600 1.135
202209 1.036 116.400 1.070
202212 1.435 115.900 1.488
202303 1.079 117.300 1.106
202306 0.909 116.400 0.939
202309 0.758 117.400 0.776
202312 1.191 116.700 1.227
202403 0.885 118.400 0.898
202406 0.910 118.500 0.923
202409 0.820 118.900 0.829
202412 1.227 118.900 1.240
202503 0.888 120.200 0.888

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Pandora AS  (OTCPK:PNDRY) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Pandora AS's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=23.09/1.17
=19.74

* 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 Cyclically Adjusted PB Ratio of Pandora AS was 21.38. The lowest was 4.11. And the median was 10.41.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Pandora AS Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Pandora AS's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Pandora AS Business Description

Industry
Address
Havneholmen 17-19, Copenhagen, DNK, DK-1561
Pandora is a premium jewelry brand and the market leader in the charm bracelet category. The company was established in the 1980s in Denmark and since then has expanded globally. Pandora has over 2,500 concept stores globally (1,600 owned and operated, and the remainder run by its franchise partners) as well as multibrand locations and stores-in-stores. Pandora owned retail accounts for 51% of sales, own online channels for 21% and wholesale for the remainder. Charms and bracelets account for almost three fourths of its sales. The firm produces mostly internally in two jewelry-crafting facilities in Thailand.

Pandora AS Headlines

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