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Pandora A/S (PNDORA) Fair Value & Analysis

Consumer Cyclical · DK · Market cap 45.0B DKK

PA Pandora A/S PNDORA · CO
Pricekr 652.00
Fair Valuekr 1,424
Upside+118.4%
Quality95/100
Evidence: High Range kr 907.20 – kr 1,840

Fair value as of: Jun 24, 2026

From 26 valuation models · updated 6 days ago

Share price +24.9% over the past month.

Price vs Fair Value (12 months)

kr 920.67 kr 377.51 Fair Value kr 1,424 Jun 2025 Jun 2026

12‑month range kr 377.51 – kr 920.67 · fair‑value band kr 907.20 – kr 1,840 · the kr 652.00 price screens below the kr 1,424 fair value. As of Jun 24, 2026.

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Analysis

Pandora A/S (PNDORA) currently trades at kr 652.00, while our model-based Fair Value estimate is kr 1,424 — implying the stock looks roughly 118.4% undervalued today. We read business quality at 95/100 (high quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high) — always confirm before acting.

Over the trailing twelve months, Pandora A/S generated revenue of 32.3B DKK at a net margin of 15.7%. Revenue declined 3.2% year over year. It earns a return on equity of 129.4%. Net debt stands at 17.9B DKK. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) 32.3B DKK
Revenue growth (YoY) -3.2%
Net margin 15.7%
Return on equity 129%
Free cash flow 5.9B DKK FY2025
P/E ratio 9.0
More key figures
Operating margin 20.9%
EPS (TTM) kr 66.65
Dividend yield 3.7%
EPS growth (YoY) -10.0%
Net debt 17.9B DKK FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

Pandora A/S engages in the design, crafting, and marketing of jewelry worldwide. The company operates in two segments, Core and Fuel With More. It offers charm and carrier products; and lab grown diamonds. The company sells its products through physical stores, online stores, and wholesale and third-party distribution. Pandora A/S was founded in 1982 and is based in Copenhagen, Denmark.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Pandora A/S reported revenue of kr 32.5B in FY2025 versus kr 23.4B in FY2021, a compound +8.6%/yr. Reported net income was kr 5.2B in FY2025, compounding +5.9%/yr from FY2021.

Revenue +8.6%/yr
FY21 kr 23.4B
FY22 kr 26.5B
FY23 kr 28.1B
FY24 kr 31.7B
FY25 kr 32.5B
Net income +5.9%/yr
FY21 kr 4.2B
FY22 kr 5.0B
FY23 kr 4.7B
FY24 kr 5.2B
FY25 kr 5.2B

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Similar stocks

6 more Luxury Goods stocks, each showing price versus our Fair Value estimate (as of Jun 24, 2026).

Stock Price Fair Value vs Fair Value
LVMH Moët Hennessy - Louis Vuitton, Société Européenne, LVMUY $110.33 $105.81 -4%
Hermès International Société en commandite par actions HESAY $184.96 $105.66 -43%
Compagnie Financière Richemont SA CFRHF $226.16 $152.30 -33%
Christian Dior SE CHDRY $125.90 $151.73 +21%
Titan Company TITAN ₹4,260 ₹1,546 -64%
Kering SA PPRUF $302.02 $68.89 -77%

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Frequently asked questions

Is Pandora A/S (PNDORA) undervalued?
As of Jun 24, 2026, our model estimates a fair value of kr 1,424 versus a price of kr 652.00 — about +118% (undervalued). Model-based estimate, not financial advice.
What is the fair value of PNDORA?
Our 21-model fair value for Pandora A/S is kr 1,424 (as of Jun 24, 2026), built from audited fundamentals. The current price is kr 652.00.
What is the quality score of PNDORA?
Pandora A/S has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Pandora A/S (PNDORA)?
Pandora A/S reported trailing-twelve-month revenue of about 32.3B DKK (latest available figure, as of Jun 24, 2026).
What is the net profit margin of PNDORA?
The net profit margin of Pandora A/S is about 15.7%, meaning it keeps roughly 15.7% of revenue as net income. Based on the latest reported figures.
Does Pandora A/S pay a dividend?
Pandora A/S currently shows a dividend yield of about 3.67% relative to its recent price (as of Jun 24, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.