Pandora ASPNDZF 71 ROE % is 80.39% as of Mar. 2026, which is 5% above its 10-year median of 76.86. GuruFocus rates PNDZF with a GF Score™ of 71/100 and a GF Value™ of $187.22 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 1,097 Retail - Cyclical companies, Pandora AS ranks better than 98.09% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Pandora AS's annualized net income for the quarter that ended in Mar. 2026 was $583 Mil. Pandora AS's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was $725 Mil. Therefore, Pandora AS's annualized ROE % for the quarter that ended in Mar. 2026 was 80.39%.
The historical rank and industry rank for Pandora AS's ROE % or its related term are showing as below:
PNDZF'
s ROE % Range Over the Past 10 Years
Min: 30.67 Med: 76.86 Max: 129.6
Current: 129.6
During the past 13 years, Pandora AS's highest ROE % was 129.60%. The lowest was 30.67%. And the median was 76.86%.
PNDZF's ROE % is ranked better than 98.09% of 1097
companies
in the Retail - Cyclical industry
Industry Median: 6.46
vs PNDZF: 129.60
Pandora AS (OTCPK:PNDZF) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
Note:
The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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.
Be Aware
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % 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 ROE %s can be extremely high.
Pandora AS ROE % Related Terms
Pandora AS ROE % Historical Data
* Premium members only.
The historical data trend for Pandora AS's ROE % 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 ROE %, along with its competitors' market caps and ROE % 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 ROE % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Pandora AS's ROE % distribution charts can be found below:
* The bar in red indicates where Pandora AS's ROE % 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 ROE %, the net income of the last fiscal year and the average total shareholder 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.
ROE % is displayed in the 30-year financial page.
Pandora AS (PNDZF) has a ROE % of 80.39% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Pandora AS and its competitors. This is near median its historical median of 76.86. Over the past decade, Pandora AS's ROE % has ranged from 30.67 to 129.60. According to the industry distribution chart, Pandora AS ranks #21 out of 1097 companies in the Retail - Cyclical industry, placing it in the top 1.9%.
Is Pandora AS's ROE % too high?
Pandora AS's current ROE % of 80.39% is near median its 10-year median of 76.86. Over the past 10 years, this metric has ranged from a low of 30.67 to a high of 129.60. The Retail - Cyclical industry median ROE % is 6.46. Pandora AS's value of 80.39% is 1144.4% above this industry median. Based on the distribution chart, Pandora AS ranks #21 out of 1097 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 ROE % compare to TPR and SIG?
According to the Retail - Cyclical industry distribution chart, Pandora AS ranks #21 out of 1097 companies for ROE %. This places Pandora AS in the top 2% of its industry — outperforming the majority of peers. The industry median ROE % is 6.46. Pandora AS's value of 80.39% is 1144.4% above this benchmark. Historically, Pandora AS's own ROE % has ranged from 30.67 to 129.60 over the past decade. While the company's 10-year median is 76.86 vs. the industry median of 6.46, 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 ROE % for a Retail - Cyclical company?
The median ROE % among Retail - Cyclical companies is 6.46, based on 1,097 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Pandora AS's current ROE % of 80.39% is 1144.4% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Pandora AS and its competitors. For the Retail - Cyclical industry, the median ROE % is 6.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pandora AS's current ROE % is 80.39%, which is near median its own 10-year median of 76.86. 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 ROE % is 80.39%, which is near median its 10-year median of 76.86 and 1144.4% above the Retail - Cyclical industry median of 6.46. 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 ROE % calculated?
ROE % is calculated from a company's financial statements. For Pandora AS (PNDZF), the current ROE % is 80.39% 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:
ROE %: 80.39% (near median its 10-year median of 76.86)
GF Value™: $187.22 vs. price of $109.00 (41.8% below fair value)
Industry Position: 1144.4% above the Retail - Cyclical median (#21 of 1097)
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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