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.
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.
Pandora ASCHIX:PNDORC 78 Earnings Yield (Joel Greenblatt) % is 15.87% as of Mar. 2026, which is 68% above its 10-year median of 9.46. GuruFocus rates CHIX:PNDORC with a GF Score™ of 78/100 and a GF Value™ of kr1,218.04 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,132 Retail - Cyclical companies, Pandora AS ranks better than 74.91% on this metric.
Pandora AS's Enterprise Value for the quarter that ended in Mar. 2026 was kr50,239 Mil.
Pandora AS's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was kr7,925 Mil. Pandora AS's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2026 was 15.87%.
The historical rank and industry rank for Pandora AS's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
CHIX:PNDORc'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 3.66 Med: 9.46 Max: 20.05
Current: 10.61
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Pandora AS was 20.05%. The lowest was 3.66%. And the median was 9.46%.
CHIX:PNDORc's Earnings Yield (Joel Greenblatt) % is ranked better than 74.91% of 1132
companies
in the Retail - Cyclical industry
Industry Median: 5.75
vs CHIX:PNDORc: 10.61
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. Pandora AS's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2026 was 30.66%. The Forward Rate of Return uses the normalized Free Cash Flow of the past five years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.
Pandora AS (CHIX:PNDORc) Earnings Yield (Joel Greenblatt) % Explanation
Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.
Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.
Be Aware
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
Pandora AS Earnings Yield (Joel Greenblatt) % Related Terms
Pandora AS Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Pandora AS's Earnings Yield (Joel Greenblatt) % 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 Earnings Yield (Joel Greenblatt) % Chart
CHIX:PNDORC vs TPR, SIG: Earnings Yield (Joel Greenblatt) % Comparison
For the Luxury Goods subindustry, Pandora AS's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % 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 Earnings Yield (Joel Greenblatt) % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Pandora AS's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Pandora AS's Earnings Yield (Joel Greenblatt) % falls into.
Pandora AS Earnings Yield (Joel Greenblatt) % Calculation
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Pandora ASs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2025 is calculated as
Pandora AS's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was kr7,925 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 15.87% mean?
Pandora AS (CHIX:PNDORC) has a Earnings Yield (Joel Greenblatt) % of 15.87% as of Mar. 2026. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Pandora AS and its competitors. This is 68% above median its historical median of 9.46. Over the past decade, Pandora AS's Earnings Yield (Joel Greenblatt) % has ranged from 3.66 to 20.05. According to the industry distribution chart, Pandora AS ranks #284 out of 1132 companies in the Retail - Cyclical industry, placing it in the top 25.1%.
Is Pandora AS's Earnings Yield (Joel Greenblatt) % too high?
Pandora AS's current Earnings Yield (Joel Greenblatt) % of 15.87% is 68% above median its 10-year median of 9.46. Over the past 10 years, this metric has ranged from a low of 3.66 to a high of 20.05. The Retail - Cyclical industry median Earnings Yield (Joel Greenblatt) % is 5.75. Pandora AS's value of 15.87% is 176% above this industry median. Based on the distribution chart, Pandora AS ranks #284 out of 1132 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Pandora AS has a GF Score™ of 78/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Pandora AS's Earnings Yield (Joel Greenblatt) % compare to TPR and SIG?
According to the Retail - Cyclical industry distribution chart, Pandora AS ranks #284 out of 1132 companies for Earnings Yield (Joel Greenblatt) %. This puts Pandora AS in the upper half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 5.75. Pandora AS's value of 15.87% is 176% above this benchmark. Historically, Pandora AS's own Earnings Yield (Joel Greenblatt) % has ranged from 3.66 to 20.05 over the past decade. While the company's 10-year median is 9.46 vs. the industry median of 5.75, 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 Earnings Yield (Joel Greenblatt) % for a Retail - Cyclical company?
The median Earnings Yield (Joel Greenblatt) % among Retail - Cyclical companies is 5.75, based on 1,132 companies in the industry. Companies in the top quartile (top 25%) have a Earnings Yield (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, Earnings Yield (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Pandora AS's current Earnings Yield (Joel Greenblatt) % of 15.87% is 176% 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 Earnings Yield (Joel Greenblatt) % mean?
A high Earnings Yield (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Pandora AS and its competitors. For the Retail - Cyclical industry, the median Earnings Yield (Joel Greenblatt) % is 5.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pandora AS's current Earnings Yield (Joel Greenblatt) % is 15.87%, which is 68% above median its own 10-year median of 9.46. 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?
Based on GuruFocus' analysis, Pandora AS (CHIX:PNDORC) is currently considered Significantly Undervalued. The stock's GF Value™ is kr1,218.04, compared to a current price of kr815.60 — trading 33% below its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 15.87%, which is 68% above median its 10-year median of 9.46 and 176% above the Retail - Cyclical industry median of 5.75. Pandora AS's overall GF Score™ is 78/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Earnings Yield (Joel Greenblatt) % calculated?
Earnings Yield (Joel Greenblatt) % is calculated from a company's financial statements. For Pandora AS (CHIX:PNDORC), the current Earnings Yield (Joel Greenblatt) % is 15.87% as of Mar. 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 (CHIX:PNDORC) Overvalued in 2026?
Based on GuruFocus' analysis, Pandora AS stock appears to be undervalued.
The current stock price of kr815.60 is trading 33% below its estimated GF Value™ of kr1,218.04.
GuruFocus considers Pandora AS to be Significantly Undervalued.
Key valuation signals for CHIX:PNDORC:
Earnings Yield (Joel Greenblatt) %: 15.87% (68% above median its 10-year median of 9.46)
GF Value™: kr1,218.04 vs. price of kr815.60 (33% below fair value)
Industry Position: 176% above the Retail - Cyclical median (#284 of 1132)
No single metric tells the full story. See the CHIX:PNDORC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
78GF Score
Get the complete analysis for CHIX:PNDORC
Earnings Yield (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
CHIX:PNDORC has been successfully added to your 
