Pandora AS (MEX:PNDORAN) Cyclically Adjusted PS Ratio: 1.52 (As of Aug. 11, 2026) — 52% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MEX:PNDORAN Pandora AS MEX:PNDORAN
90 GF Score
Price MXN3,088.38
GF Value MXN4,651.45
! 2 Warning Signs
View Full Analysis

What is Pandora AS Cyclically Adjusted PS Ratio?

Pandora AS MEX:PNDORAN 90 Cyclically Adjusted PS Ratio is 1.52 as of Aug. 11, 2026, which is 52% below its 10-year median of 3.16. GuruFocus rates MEX:PNDORAN with a GF Score™ of 90/100 and a GF Value™ of MXN4,651.45. The stock has 2 warning signs investors should review. Among 804 Retail - Cyclical companies, Pandora AS ranks worse than 87.81% on this metric.

As of today (2026-08-11), Pandora AS's current share price is MXN3088.38. Pandora AS's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was MXN2,036.48. Pandora AS's Cyclically Adjusted PS Ratio for today is 1.52.

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

MEX:PNDORAN' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.5   Med: 3.16   Max: 5.87
Current: 2.66

During the past years, Pandora AS's highest Cyclically Adjusted PS Ratio was 5.87. The lowest was 1.50. And the median was 3.16.

MEX:PNDORAN's Cyclically Adjusted PS Ratio is ranked worse than
87.81% of 804 companies
in the Retail - Cyclical industry
Industry Median: 0.5 vs MEX:PNDORAN: 2.66

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Pandora AS's adjusted revenue per share data for the three months ended in Mar. 2026 was MXN265.216. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is MXN2,036.48 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Pandora AS  (MEX:PNDORAN) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


Pandora AS Cyclically Adjusted PS Ratio Related Terms


Pandora AS Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Pandora AS's Cyclically Adjusted PS 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.

Pandora AS Cyclically Adjusted PS Ratio Chart

Pandora AS Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.84 2.37 4.03 5.00 2.41

Pandora AS Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted PS 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 3.87 3.99 2.91 2.41 1.52

MEX:PNDORAN vs TPR, SIG: Cyclically Adjusted PS Ratio Comparison

For the Luxury Goods subindustry, Pandora AS's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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 Cyclically Adjusted PS Ratio vs Retail - Cyclical Industry

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

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


MEX:PNDORAN
90GF Score
Pandora AS MEX:PNDORAN
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Pandora AS Cyclically Adjusted PS Ratio Calculation

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

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=3088.38/2036.48
=1.52

* 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 Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Pandora AS's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=265.216/121.6800*121.6800
=265.216

Current CPI (Mar. 2026) = 121.6800.

Pandora AS Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 104.923 100.600 126.909
201609 117.590 100.200 142.798
201612 170.721 100.300 207.112
201703 124.167 101.200 149.295
201706 117.905 101.200 141.766
201709 135.899 101.800 162.438
201712 215.392 101.300 258.726
201803 139.377 101.700 166.759
201806 136.509 102.300 162.370
201809 136.399 102.400 162.080
201812 227.621 102.100 271.273
201903 139.827 102.900 165.346
201906 137.370 102.900 162.441
201909 118.859 102.900 140.552
201912 233.226 102.900 275.791
202003 180.767 103.300 212.931
202006 120.305 103.200 141.848
202009 149.434 103.500 175.682
202012 252.406 103.400 297.029
202103 147.683 104.300 172.292
202106 165.908 105.000 192.264
202109 155.021 105.800 178.289
202112 283.066 106.600 323.109
202203 175.338 109.900 194.132
202206 169.546 113.600 181.605
202209 149.660 116.400 156.449
202212 295.828 115.900 310.581
202303 170.611 117.300 176.982
202306 166.321 116.400 173.865
202309 161.154 117.400 167.029
202312 318.677 116.700 332.276
202403 202.175 118.400 207.776
202406 217.194 118.500 223.022
202409 219.463 118.900 224.594
202412 433.827 118.900 443.970
202503 277.021 120.200 280.432
202506 264.187 120.700 266.332
202509 232.992 121.600 233.145
202512 433.741 121.200 435.459
202603 265.216 121.680 265.216

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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.

What does a Cyclically Adjusted PS Ratio of 1.52 mean?
Pandora AS (MEX:PNDORAN) has a Cyclically Adjusted PS Ratio of 1.52 as of Aug. 11, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Pandora AS and its competitors. This is 52% below median its historical median of 3.16. Over the past decade, Pandora AS's Cyclically Adjusted PS Ratio has ranged from 1.50 to 5.87. According to the industry distribution chart, Pandora AS ranks #706 out of 804 companies in the Retail - Cyclical industry, placing it in the top 87.8%.
Is Pandora AS's Cyclically Adjusted PS Ratio too high?
Pandora AS's current Cyclically Adjusted PS Ratio of 1.52 is 52% below median its 10-year median of 3.16. Over the past 10 years, this metric has ranged from a low of 1.50 to a high of 5.87. The Retail - Cyclical industry median Cyclically Adjusted PS Ratio is 0.50. Pandora AS's value of 1.52 is 204% above this industry median. Based on the distribution chart, Pandora AS ranks #706 out of 804 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Pandora AS has a GF Score™ of 90/100, reflecting its overall financial health beyond just this single metric.
How does Pandora AS's Cyclically Adjusted PS Ratio compare to TPR and SIG?
According to the Retail - Cyclical industry distribution chart, Pandora AS ranks #706 out of 804 companies for Cyclically Adjusted PS Ratio. This places Pandora AS in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.50. Pandora AS's value of 1.52 is 204% above this benchmark. Historically, Pandora AS's own Cyclically Adjusted PS Ratio has ranged from 1.50 to 5.87 over the past decade. While the company's 10-year median is 3.16 vs. the industry median of 0.50, Pandora AS has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for a Retail - Cyclical company?
The median Cyclically Adjusted PS Ratio among Retail - Cyclical companies is 0.50, based on 804 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Pandora AS's current Cyclically Adjusted PS Ratio of 1.52 is 204% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Pandora AS and its competitors. For the Retail - Cyclical industry, the median Cyclically Adjusted PS Ratio is 0.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pandora AS's current Cyclically Adjusted PS Ratio is 1.52, which is 52% below median its own 10-year median of 3.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pandora AS stock overvalued right now?
Pandora AS (MEX:PNDORAN) has a current Cyclically Adjusted PS Ratio of 1.52. The stock's GF Value™ is MXN4,651.45, compared to a current price of MXN3,088.38 — trading 33.6% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.52, which is 52% below median its 10-year median of 3.16 and 204% above the Retail - Cyclical industry median of 0.50. Pandora AS's overall GF Score™ is 90/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Pandora AS (MEX:PNDORAN), the current Cyclically Adjusted PS Ratio is 1.52 as of Aug. 11, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Pandora AS (MEX:PNDORAN) Overvalued in 2026?

Based on GuruFocus' analysis, Pandora AS stock appears to be undervalued. The current stock price of MXN3,088.38 is trading 33.6% below its estimated GF Value™ of MXN4,651.45.

Key valuation signals for MEX:PNDORAN:

  • Cyclically Adjusted PS Ratio: 1.52 (52% below median its 10-year median of 3.16)
  • GF Value™: MXN4,651.45 vs. price of MXN3,088.38 (33.6% below fair value)
  • GF Score™: 90/100 with 2 warning signs
  • Industry Position: 204% above the Retail - Cyclical median (#706 of 804)

No single metric tells the full story. See the MEX:PNDORAN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


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 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.
90GF Score

Get the complete analysis for MEX:PNDORAN

Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN3,088.38
Price
MXN4,651.45
GF Value