Pandora ASPNDZF 71 PB Ratio is 13.07 as of Jul. 03, 2026, which is 27% above its 10-year median of 10.33. GuruFocus rates PNDZF with a GF Score™ of 71/100 and a GF Value™ of $186.66 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 1,073 Retail - Cyclical companies, Pandora AS ranks worse than 95.9% on this metric.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2026-07-03), Pandora AS's share price is $109.00. Pandora AS's Book Value per Share for the quarter that ended in Mar. 2026 was $8.34. Hence, Pandora AS's PB Ratio of today is 13.07.
The historical rank and industry rank for Pandora AS's PB Ratio or its related term are showing as below:
PNDZF'
s PB Ratio Range Over the Past 10 Years
Min: 3.6 Med: 10.33 Max: 30.14
Current: 13.79
During the past 13 years, Pandora AS's highest PB Ratio was 30.14. The lowest was 3.60. And the median was 10.33.
PNDZF's PB Ratio is ranked worse than 95.9% of 1073
companies
in the Retail - Cyclical industry
Industry Median: 1.47
vs PNDZF: 13.79
During the past 12 months, Pandora AS's average Book Value Per Share Growth Rate was 10.00% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -4.20% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -1.60% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 2.80% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Pandora AS was 2451.00% per year. The lowest was -4.20% per year. And the median was 5.85% per year.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Pandora AS PB Ratio Related Terms
Pandora AS PB Ratio Historical Data
* Premium members only.
The historical data trend for Pandora AS's 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.
For the Luxury Goods subindustry, Pandora AS's PB Ratio, along with its competitors' market caps and 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 PB Ratio vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Pandora AS's PB Ratio distribution charts can be found below:
* The bar in red indicates where Pandora AS's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
Pandora AS's PB Ratio for today is calculated as follows:
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Pandora AS (PNDZF) has a PB Ratio of 13.07 as of Jul. 03, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Pandora AS and its competitors. This is 27% above median its historical median of 10.33. Over the past decade, Pandora AS's PB Ratio has ranged from 3.60 to 30.14. According to the industry distribution chart, Pandora AS ranks #1029 out of 1073 companies in the Retail - Cyclical industry, placing it in the top 95.9%.
Is Pandora AS's PB Ratio too high?
Pandora AS's current PB Ratio of 13.07 is 27% above median its 10-year median of 10.33. Over the past 10 years, this metric has ranged from a low of 3.60 to a high of 30.14. The Retail - Cyclical industry median PB Ratio is 1.47. Pandora AS's value of 13.07 is 789.1% above this industry median. Based on the distribution chart, Pandora AS ranks #1029 out of 1073 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Pandora AS has a GF Score™ of 71/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Pandora AS's PB Ratio compare to TPR and SIG?
According to the Retail - Cyclical industry distribution chart, Pandora AS ranks #1029 out of 1073 companies for PB Ratio. This places Pandora AS in the lower half of its industry. The industry median PB Ratio is 1.47. Pandora AS's value of 13.07 is 789.1% above this benchmark. Historically, Pandora AS's own PB Ratio has ranged from 3.60 to 30.14 over the past decade. While the company's 10-year median is 10.33 vs. the industry median of 1.47, 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 PB Ratio for a Retail - Cyclical company?
The median PB Ratio among Retail - Cyclical companies is 1.47, based on 1,073 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Pandora AS's current PB Ratio of 13.07 is 789.1% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Pandora AS and its competitors. For the Retail - Cyclical industry, the median PB Ratio is 1.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pandora AS's current PB Ratio is 13.07, which is 27% above median its own 10-year median of 10.33. 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 $186.66, compared to a current price of $109.00 — trading 41.6% below its estimated fair value. The current PB Ratio is 13.07, which is 27% above median its 10-year median of 10.33 and 789.1% above the Retail - Cyclical industry median of 1.47. Pandora AS's overall GF Score™ is 71/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Pandora AS (PNDZF), the current PB Ratio is 13.07 as of Jul. 03, 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 41.6% below its estimated GF Value™ of $186.66.
GuruFocus considers Pandora AS to be Significantly Undervalued.
Key valuation signals for PNDZF:
PB Ratio: 13.07 (27% above median its 10-year median of 10.33)
GF Value™: $186.66 vs. price of $109.00 (41.6% below fair value)
Industry Position: 789.1% above the Retail - Cyclical median (#1029 of 1073)
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.
71GF Score
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