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Pandora AS (OCSE:PNDORA) Cyclically Adjusted PB Ratio : 18.79 (As of Jun. 05, 2025)


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What is Pandora AS Cyclically Adjusted PB Ratio?

As of today (2025-06-05), Pandora AS's current share price is kr1219.50. Pandora AS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was kr64.90. Pandora AS's Cyclically Adjusted PB Ratio for today is 18.79.

The historical rank and industry rank for Pandora AS's Cyclically Adjusted PB Ratio or its related term are showing as below:

OCSE:PNDORA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 4.11   Med: 10.45   Max: 21.38
Current: 18.48

During the past years, Pandora AS's highest Cyclically Adjusted PB Ratio was 21.38. The lowest was 4.11. And the median was 10.45.

OCSE:PNDORA's Cyclically Adjusted PB Ratio is ranked worse than
96.8% of 750 companies
in the Retail - Cyclical industry
Industry Median: 1.24 vs OCSE:PNDORA: 18.48

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 adjusted book value per share data for the three months ended in Mar. 2025 was kr49.001. 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 kr64.90 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Pandora AS Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Pandora AS's Cyclically Adjusted PB Ratio 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 PB Ratio Chart

Pandora AS Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.09 14.23 7.63 14.52 20.40

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 PB Ratio 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 17.16 16.22 17.08 20.40 16.24

Competitive Comparison of Pandora AS's Cyclically Adjusted PB Ratio

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 PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1219.50/64.90
=18.79

* 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.

Pandora AS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

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)
=49.001/120.2000*120.2000
=49.001

Current CPI (Mar. 2025) = 120.2000.

Pandora AS Quarterly Data

Book Value per Share CPI Adj_Book
201506 50.430 100.300 60.436
201509 47.018 100.200 56.403
201512 52.816 99.800 63.612
201603 45.615 100.200 54.720
201606 46.570 100.600 55.643
201609 49.390 100.200 59.248
201612 60.701 100.300 72.744
201703 62.710 101.200 74.484
201706 56.176 101.200 66.723
201709 53.545 101.800 63.223
201712 59.426 101.300 70.513
201803 58.633 101.700 69.299
201806 58.275 102.300 68.472
201809 50.113 102.400 58.824
201812 62.623 102.100 73.725
201903 55.097 102.900 64.360
201906 56.927 102.900 66.498
201909 44.572 102.900 52.066
201912 56.484 102.900 65.980
202003 39.588 103.300 46.065
202006 54.918 103.200 63.965
202009 57.004 103.500 66.202
202012 74.129 103.400 86.173
202103 79.690 104.300 91.838
202106 81.832 105.000 93.678
202109 74.484 105.800 84.622
202112 72.885 106.600 82.184
202203 58.647 109.900 64.143
202206 60.456 113.600 63.968
202209 62.285 116.400 64.318
202212 80.626 115.900 83.617
202303 60.016 117.300 61.500
202306 49.958 116.400 51.589
202309 42.400 117.400 43.411
202312 65.138 116.700 67.092
202403 48.575 118.400 49.313
202406 50.476 118.500 51.200
202409 44.074 118.900 44.556
202412 69.883 118.900 70.647
202503 49.001 120.200 49.001

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


Pandora AS  (OCSE:PNDORA) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Pandora AS Cyclically Adjusted PB Ratio Related Terms

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


Pandora AS Business Description

Traded in Other Exchanges
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 2,700 concept stores globally (2,000 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 over 80% and wholesale for 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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