PNDZF (Pandora AS) ROCE %: 32.49% (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 ROCE %?

Pandora AS PNDZF +45.33% 67 ROCE % is 32.49% 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.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Pandora AS's annualized ROCE % for the quarter that ended in Mar. 2026 was 32.49%.

Pandora AS  (OTCPK:PNDZF) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Pandora AS ROCE % Related Terms

Pandora AS ROCE % Historical Data

* Premium members only.

The historical data trend for Pandora AS's ROCE % 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 ROCE % Chart

Pandora AS Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 51.83 62.28 52.33 45.07 45.16

Pandora AS Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % 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 39.13 34.08 23.28 95.77 32.49
PNDZF
67GF Score
Pandora AS PNDZF
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Pandora AS ROCE % Calculation

Pandora AS's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=1216.449/( ( (3897.446 - 1386.81) + (4641.133 - 1764.079) )/ 2 )
=1216.449/( (2510.636+2877.054)/ 2 )
=1216.449/2693.845
=45.16 %

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

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=954.016/( ( (4641.133 - 1764.079) + (4478.369 - 1482.375) )/ 2 )
=954.016/( ( 2877.054 + 2995.994 )/ 2 )
=954.016/2936.524
=32.49 %

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

* 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 ROCE % →
What does a ROCE % of 32.49% mean?
Pandora AS (PNDZF) has a ROCE % of 32.49% as of Mar. 2026.
Is Pandora AS's ROCE % too high?
Pandora AS's current ROCE % is 32.49%. The Retail - Cyclical industry median ROCE % is 7.58. Pandora AS's value of 32.49% is 328.6% above this industry median. 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 ROCE % compare to TPR and SIG?
Pandora AS's ROCE % of 32.49% can be compared against companies in the Retail - Cyclical industry. The industry median ROCE % is 7.58. Pandora AS's value of 32.49% is 328.6% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Retail - Cyclical company?
The median ROCE % among Retail - Cyclical companies is 7.58, based on 1,117 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Pandora AS's current ROCE % of 32.49% is 328.6% 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Retail - Cyclical industry, the median ROCE % is 7.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pandora AS's current ROCE % is 32.49%. 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 ROCE % is 32.49% and 328.6% above the Retail - Cyclical industry median of 7.58. 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 ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Pandora AS (PNDZF), the current ROCE % is 32.49% 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:

  • ROCE %: 32.49%
  • GF Value™: $187.22 vs. price of $109.00 (41.8% below fair value)
  • GF Score™: 67/100 with 2 warning signs
  • Industry Position: 328.6% above the Retail - Cyclical median

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

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

$109.00
Price
$187.22
GF Value