Pandora ASPNDZF 71 Pretax Margin % is 17.77% as of Mar. 2026, which is 21% below its 10-year median of 22.58. GuruFocus rates PNDZF with a GF Score™ of 71/100 and a GF Value™ of $174.10 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 1,124 Retail - Cyclical companies, Pandora AS ranks better than 94.22% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Pandora AS's Pre-Tax Income for the
three
months ended in Mar. 2026 was $195 Mil. Pandora AS's Revenue for the
three
months ended in Mar. 2026 was $1,100 Mil. Therefore, Pandora AS's pretax margin for the quarter that ended in Mar. 2026 was 17.77%.
The historical rank and industry rank for Pandora AS's Pretax Margin % or its related term are showing as below:
PNDZF'
s Pretax Margin % Range Over the Past 10 Years
Min: 13.12 Med: 22.58 Max: 37.72
Current: 20.96
PNDZF's Pretax Margin % is ranked better than 94.22% of 1124
companies
in the Retail - Cyclical industry
Industry Median: 3.17
vs PNDZF: 20.96
Pandora AS (OTCPK:PNDZF) Pretax Margin % Explanation
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
Pandora AS Pretax Margin % Related Terms
Pandora AS Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Pandora AS's Pretax 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.
PNDZF vs TPR, SIG, CPRI: Pretax Margin % Comparison
For the Luxury Goods subindustry, Pandora AS's Pretax Margin %, along with its competitors' market caps and Pretax 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 Pretax Margin % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Pandora AS's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Pandora AS's Pretax 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 Pretax Margin % of 17.77% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Pandora AS and its competitors. This is 21% below median its historical median of 22.58. Over the past decade, Pandora AS's Pretax Margin % has ranged from 13.12 to 37.72. According to the industry distribution chart, Pandora AS ranks #65 out of 1124 companies in the Retail - Cyclical industry, placing it in the top 5.8%.
Is Pandora AS's Pretax Margin % too high?
Pandora AS's current Pretax Margin % of 17.77% is 21% below median its 10-year median of 22.58. Over the past 10 years, this metric has ranged from a low of 13.12 to a high of 37.72. The Retail - Cyclical industry median Pretax Margin % is 3.17. Pandora AS's value of 17.77% is 460.6% above this industry median. Based on the distribution chart, Pandora AS ranks #65 out of 1124 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 71/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Pandora AS's Pretax Margin % compare to TPR and SIG?
According to the Retail - Cyclical industry distribution chart, Pandora AS ranks #65 out of 1124 companies for Pretax Margin %. This places Pandora AS in the top 6% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 3.17. Pandora AS's value of 17.77% is 460.6% above this benchmark. Historically, Pandora AS's own Pretax Margin % has ranged from 13.12 to 37.72 over the past decade. While the company's 10-year median is 22.58 vs. the industry median of 3.17, 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 Pretax Margin % for a Retail - Cyclical company?
The median Pretax Margin % among Retail - Cyclical companies is 3.17, based on 1,124 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Pandora AS's current Pretax Margin % of 17.77% is 460.6% 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 Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Pandora AS and its competitors. For the Retail - Cyclical industry, the median Pretax Margin % is 3.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pandora AS's current Pretax Margin % is 17.77%, which is 21% below median its own 10-year median of 22.58. 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 $174.10, compared to a current price of $109.00 — trading 37.4% below its estimated fair value. The current Pretax Margin % is 17.77%, which is 21% below median its 10-year median of 22.58 and 460.6% above the Retail - Cyclical industry median of 3.17. 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 Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For Pandora AS (PNDZF), the current Pretax Margin % is 17.77% 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 37.4% below its estimated GF Value™ of $174.10.
GuruFocus considers Pandora AS to be Significantly Undervalued.
Key valuation signals for PNDZF:
Pretax Margin %: 17.77% (21% below median its 10-year median of 22.58)
GF Value™: $174.10 vs. price of $109.00 (37.4% below fair value)
Industry Position: 460.6% above the Retail - Cyclical median (#65 of 1124)
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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