Pandora ASXTER:3P7 +1.90%80 Return-on-Tangible-Equity is Negative Tangible Equity% as of Mar. 2026. GuruFocus rates XTER:3P7 with a GF Score™ of 80/100 and a GF Value™ of €159.58 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 1,056 Retail - Cyclical companies, Pandora AS ranks better than 99.91% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Pandora AS's annualized net income for the quarter that ended in Mar. 2026 was €504 Mil. Pandora AS's average shareholder tangible equity for the quarter that ended in Mar. 2026 was €-502 Mil. Therefore, Pandora AS's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was Negative Tangible Equity%.
The historical rank and industry rank for Pandora AS's Return-on-Tangible-Equity or its related term are showing as below:
XTER:3P7'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 701.4 Med: 2124.49 Max: 2356.94
Current: Negative Tangible Equity
During the past 13 years, Pandora AS's highest Return-on-Tangible-Equity was 2,356.94%. The lowest was 701.40%. And the median was 2,124.49%.
XTER:3P7's Return-on-Tangible-Equity is ranked better than 99.91% of 1056
companies
in the Retail - Cyclical industry
Industry Median: 8.275
vs XTER:3P7: Negative Tangible Equity
Pandora AS (XTER:3P7) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Pandora AS Return-on-Tangible-Equity Related Terms
Pandora AS Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Pandora AS's Return-on-Tangible-Equity 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.
XTER:3P7 vs TPR, SIG, CPRI: Return-on-Tangible-Equity Comparison
For the Luxury Goods subindustry, Pandora AS's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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 Return-on-Tangible-Equity vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Pandora AS's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Pandora AS's Return-on-Tangible-Equity 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.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of Negative Tangible Equity% mean?
Pandora AS (XTER:3P7) has a Return-on-Tangible-Equity of Negative Tangible Equity% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Pandora AS and its competitors. Over the past decade, Pandora AS's Return-on-Tangible-Equity has ranged from 701.40 to 2,356.94. According to the industry distribution chart, Pandora AS ranks #1 out of 1056 companies in the Retail - Cyclical industry, placing it in the top 0.099999999999994%.
Is Pandora AS's Return-on-Tangible-Equity too high?
Pandora AS's current Return-on-Tangible-Equity is Negative Tangible Equity%. Over the past 10 years, this metric has ranged from a low of 701.40 to a high of 2,356.94. Based on the distribution chart, Pandora AS ranks #1 out of 1056 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 80/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Pandora AS's Return-on-Tangible-Equity compare to TPR and SIG?
According to the Retail - Cyclical industry distribution chart, Pandora AS ranks #1 out of 1056 companies for Return-on-Tangible-Equity. This places Pandora AS in the top 0% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 8.28. Historically, Pandora AS's own Return-on-Tangible-Equity has ranged from 701.40 to 2,356.94 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Equity for a Retail - Cyclical company?
The median Return-on-Tangible-Equity among Retail - Cyclical companies is 8.28, based on 1,056 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity 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 Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Pandora AS and its competitors. For the Retail - Cyclical industry, the median Return-on-Tangible-Equity is 8.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pandora AS's current Return-on-Tangible-Equity is Negative Tangible Equity%. 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 (XTER:3P7) is currently considered Significantly Undervalued. The stock's GF Value™ is €159.58, compared to a current price of €102.15 — trading 36% below its estimated fair value. The current Return-on-Tangible-Equity is Negative Tangible Equity%. Pandora AS's overall GF Score™ is 80/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Pandora AS (XTER:3P7), the current Return-on-Tangible-Equity is Negative Tangible Equity% 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 (XTER:3P7) Overvalued in 2026?
Based on GuruFocus' analysis, Pandora AS stock appears to be undervalued.
The current stock price of €102.15 is trading 36% below its estimated GF Value™ of €159.58.
GuruFocus considers Pandora AS to be Significantly Undervalued.
No single metric tells the full story. See the XTER:3P7 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.
80GF Score
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