PNDZF (Pandora AS) EBIT: $1,237 Mil (TTM As of Mar. 2026)


PNDZF Pandora AS PNDZF
67 GF Score
Price $109.00
GF Value $187.22
Valuation Significantly Undervalued
! 2 Warning Signs
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What is Pandora AS EBIT?

Pandora AS PNDZF +45.33% 67 EBIT is $1,237 Mil as of Mar. 2026. GuruFocus rates PNDZF with a GF Score™ of 67/100 and a GF Value™ of $187.22 (Significantly Undervalued). The stock has 2 warning signs investors should review.

Pandora AS's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was $239 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was $1,237 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Pandora AS's annualized ROC % for the quarter that ended in Mar. 2026 was 18.80%. Pandora AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 65.44%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Pandora AS's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 11.66%.

Pandora AS  (OTCPK:PNDZF) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Pandora AS's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=919.988 * ( 1 - 25.42% )/( (3701.713 + 3598.44)/ 2 )
=686.1270504/3650.0765
=18.80 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=4641.133 - 1100.276 - ( 204.597 - max(0, 1764.079 - 1603.223+204.597))
=3701.713

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=4478.369 - 954.171 - ( 127.759 - max(0, 1482.375 - 1408.133+127.759))
=3598.44

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Pandora AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=954.016/( ( (1434.686 + max(-37.157, 0)) + (1464.124 + max(16.859, 0)) )/ 2 )
=954.016/( ( 1434.686 + 1480.983 )/ 2 )
=954.016/1457.8345
=65.44 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(182.334 + 765.552 + 292.707) - (1100.276 + 0 + 177.474)
=-37.157

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(125.748 + 817.131 + 166.118) - (954.171 + 0 + 137.967)
=16.859

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Pandora AS's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=1236.701/10602.091
=11.66 %

* 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 EBIT Related Terms

Pandora AS EBIT Historical Data

* Premium members only.

The historical data trend for Pandora AS's EBIT 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 EBIT Chart

Pandora AS Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 837.41 967.55 1,006.32 1,084.93 1,216.45

Pandora AS Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT 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 243.36 211.04 144.83 642.32 238.50

PNDZF vs TPR, SIG: EBIT Comparison

For the Luxury Goods subindustry, Pandora AS's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 EV-to-EBIT vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Pandora AS's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Pandora AS's EV-to-EBIT falls into.


PNDZF
67GF Score
Pandora AS PNDZF
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Pandora AS EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

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 $1,237 Mil.

* 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of $1,237 Mil mean?
Pandora AS (PNDZF) has a EBIT of $1,237 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Pandora AS.
Is Pandora AS's EBIT too high?
Pandora AS's current EBIT is $1,237 Mil. Overall, Pandora AS has a GF Score™ of 67/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Pandora AS's EBIT compare to TPR and SIG?
Pandora AS's EBIT of $1,237 Mil can be compared against companies in the Retail - Cyclical industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Retail - Cyclical company?
A good EBIT depends on the Retail - Cyclical industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Pandora AS. Pandora AS's current EBIT is $1,237 Mil. 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 (PNDZF) is currently considered Significantly Undervalued. The stock's GF Value™ is $187.22, compared to a current price of $109.00 — trading 41.8% below its estimated fair value. The current EBIT is $1,237 Mil. Pandora AS's overall GF Score™ is 67/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Pandora AS (PNDZF), the current EBIT is $1,237 Mil 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 (PNDZF) Overvalued in 2026?

Based on GuruFocus' analysis, Pandora AS stock appears to be undervalued. The current stock price of $109.00 is trading 41.8% below its estimated GF Value™ of $187.22. GuruFocus considers Pandora AS to be Significantly Undervalued.

Key valuation signals for PNDZF:

  • EBIT: $1,237 Mil
  • GF Value™: $187.22 vs. price of $109.00 (41.8% below fair value)
  • GF Score™: 67/100 with 2 warning signs

No single metric tells the full story. See the PNDZF 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.
67GF Score

Get the complete analysis for PNDZF

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

$109.00
Price
$187.22
GF Value