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PNDZF (Pandora AS) Cyclically Adjusted PB Ratio : 14.24 (As of May. 31, 2025)


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What is Pandora AS Cyclically Adjusted PB Ratio?

As of today (2025-05-31), Pandora AS's current share price is $151.85. Pandora AS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was $10.66. Pandora AS's Cyclically Adjusted PB Ratio for today is 14.24.

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

PNDZF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 4.11   Med: 10.44   Max: 21.38
Current: 18.44

During the past years, Pandora AS's highest Cyclically Adjusted PB Ratio was 21.38. The lowest was 4.11. And the median was 10.44.

PNDZF's Cyclically Adjusted PB Ratio is ranked worse than
97.05% of 745 companies
in the Retail - Cyclical industry
Industry Median: 1.21 vs PNDZF: 18.44

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 $7.102. 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 $10.66 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
=151.85/10.66
=14.24

* 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)
=7.102/120.2000*120.2000
=7.102

Current CPI (Mar. 2025) = 120.2000.

Pandora AS Quarterly Data

Book Value per Share CPI Adj_Book
201506 7.588 100.300 9.093
201509 7.076 100.200 8.488
201512 7.707 99.800 9.282
201603 6.810 100.200 8.169
201606 7.034 100.600 8.404
201609 7.439 100.200 8.924
201612 8.607 100.300 10.315
201703 9.016 101.200 10.709
201706 8.485 101.200 10.078
201709 8.573 101.800 10.123
201712 9.450 101.300 11.213
201803 9.707 101.700 11.473
201806 9.136 102.300 10.735
201809 7.838 102.400 9.200
201812 9.549 102.100 11.242
201903 8.340 102.900 9.742
201906 8.609 102.900 10.056
201909 6.576 102.900 7.682
201912 8.402 102.900 9.815
202003 5.852 103.300 6.809
202006 8.294 103.200 9.660
202009 9.027 103.500 10.484
202012 12.122 103.400 14.092
202103 12.754 104.300 14.698
202106 13.257 105.000 15.176
202109 11.784 105.800 13.388
202112 11.075 106.600 12.488
202203 8.685 109.900 9.499
202206 8.587 113.600 9.086
202209 8.286 116.400 8.557
202212 11.480 115.900 11.906
202303 8.633 117.300 8.846
202306 7.270 116.400 7.507
202309 6.068 117.400 6.213
202312 9.530 116.700 9.816
202403 7.081 118.400 7.189
202406 7.280 118.500 7.384
202409 6.561 118.900 6.633
202412 9.812 118.900 9.919
202503 7.102 120.200 7.102

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  (OTCPK:PNDZF) 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

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.

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