Pandora ASPNDZF +45.33%67 Net Margin % is 13.25% as of Mar. 2026, which is 23% below its 10-year median of 17.32. GuruFocus rates PNDZF with a GF Score™ of 67/100 and a GF Value™ of $187.13 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 1,128 Retail - Cyclical companies, Pandora AS ranks better than 94.15% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Pandora AS's Net Income for the
three
months ended in Mar. 2026 was $146 Mil. Pandora AS's Revenue for the
three
months ended in Mar. 2026 was $1,100 Mil. Therefore, Pandora AS's net margin for the quarter that ended in Mar. 2026 was 13.25%.
The historical rank and industry rank for Pandora AS's Net Margin % or its related term are showing as below:
PNDZF'
s Net Margin % Range Over the Past 10 Years
Min: 10.2 Med: 17.32 Max: 29.71
Current: 15.73
PNDZF's Net Margin % is ranked better than 94.15% of 1128
companies
in the Retail - Cyclical industry
Industry Median: 2.33
vs PNDZF: 15.73
Pandora AS (OTCPK:PNDZF) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Pandora AS Net Margin % Related Terms
Pandora AS Net Margin % Historical Data
* Premium members only.
The historical data trend for Pandora AS's Net Margin % 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.
For the Luxury Goods subindustry, Pandora AS's Net Margin %, along with its competitors' market caps and Net Margin % 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 Net Margin % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Pandora AS's Net Margin % distribution charts can be found below:
* The bar in red indicates where Pandora AS's Net Margin % falls into.
* 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 (PNDZF) has a Net Margin % of 13.25% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Pandora AS and its competitors. This is 23% below median its historical median of 17.32. Over the past decade, Pandora AS's Net Margin % has ranged from 10.20 to 29.71. According to the industry distribution chart, Pandora AS ranks #66 out of 1128 companies in the Retail - Cyclical industry, placing it in the top 5.9%.
Is Pandora AS's Net Margin % too high?
Pandora AS's current Net Margin % of 13.25% is 23% below median its 10-year median of 17.32. Over the past 10 years, this metric has ranged from a low of 10.20 to a high of 29.71. The Retail - Cyclical industry median Net Margin % is 2.33. Pandora AS's value of 13.25% is 468.7% above this industry median. Based on the distribution chart, Pandora AS ranks #66 out of 1128 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. 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 Net Margin % compare to TPR and SIG?
According to the Retail - Cyclical industry distribution chart, Pandora AS ranks #66 out of 1128 companies for Net Margin %. This places Pandora AS in the top 6% of its industry — outperforming the majority of peers. The industry median Net Margin % is 2.33. Pandora AS's value of 13.25% is 468.7% above this benchmark. Historically, Pandora AS's own Net Margin % has ranged from 10.20 to 29.71 over the past decade. While the company's 10-year median is 17.32 vs. the industry median of 2.33, 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 Net Margin % for a Retail - Cyclical company?
The median Net Margin % among Retail - Cyclical companies is 2.33, based on 1,128 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Pandora AS's current Net Margin % of 13.25% is 468.7% 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 Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Pandora AS and its competitors. For the Retail - Cyclical industry, the median Net Margin % is 2.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pandora AS's current Net Margin % is 13.25%, which is 23% below median its own 10-year median of 17.32. 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 $187.13, compared to a current price of $109.00 — trading 41.8% below its estimated fair value. The current Net Margin % is 13.25%, which is 23% below median its 10-year median of 17.32 and 468.7% above the Retail - Cyclical industry median of 2.33. 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 Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Pandora AS (PNDZF), the current Net Margin % is 13.25% 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 $187.13.
GuruFocus considers Pandora AS to be Significantly Undervalued.
Key valuation signals for PNDZF:
Net Margin %: 13.25% (23% below median its 10-year median of 17.32)
GF Value™: $187.13 vs. price of $109.00 (41.8% below fair value)
Industry Position: 468.7% above the Retail - Cyclical median (#66 of 1128)
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 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
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