Pandora A/S

CPSE:PNDORA Stock Report

Market Cap: DKK 59.4b

Pandora Valuation

Is PNDORA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of PNDORA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

DKK 1.24k
Fair Value
36.4% undervalued intrinsic discount
17
Number of Analysts

Below Fair Value: PNDORA (DKK789.4) is trading below our estimate of fair value (DKK1241.27)

Significantly Below Fair Value: PNDORA is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for PNDORA?

Key metric: As PNDORA is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for PNDORA. This is calculated by dividing PNDORA's market cap by their current earnings.
What is PNDORA's PE Ratio?
PE Ratio11.3x
EarningsDKK 5.26b
Market CapDKK 59.40b

Price to Earnings Ratio vs Peers

How does PNDORA's PE Ratio compare to its peers?

The above table shows the PE ratio for PNDORA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average18.3x
GN GN Store Nord
22.1x35.75%DKK 14.9b
LPP LPP
16.7x14.79%zł30.6b
GIL Gildan Activewear
18.4x21.82%CA$12.3b
LEVI Levi Strauss
16x10.55%US$8.4b
PNDORA Pandora
11.3x5.04%DKK 59.4b

Price-To-Earnings vs Peers: PNDORA is good value based on its Price-To-Earnings Ratio (11.3x) compared to the peer average (18.3x).

Price to Earnings Ratio vs Industry

How does PNDORA's PE Ratio compare vs other companies in the European Luxury Industry?

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
PNDORA 11.3xIndustry Avg. 20.7xNo. of Companies7PE01224364860+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: PNDORA is good value based on its Price-To-Earnings Ratio (11.3x) compared to the European Luxury industry average (20.6x).

Price to Earnings Ratio vs Fair Ratio

What is PNDORA's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

PNDORA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.3x
Fair PE Ratio15.3x

Price-To-Earnings vs Fair Ratio: PNDORA is good value based on its Price-To-Earnings Ratio (11.3x) compared to the estimated Fair Price-To-Earnings Ratio (15.3x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst PNDORA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentDKK 789.40
DKK 1,022.12
+29.48%
18.25%DKK 1,310.00DKK 650.00n/a17
Nov ’26DKK 867.60
DKK 1,037.12
+19.54%
16.94%DKK 1,310.00DKK 700.00n/a17
Oct ’26DKK 842.40
DKK 1,073.06
+27.38%
20.21%DKK 1,570.00DKK 700.00n/a18
Sep ’26DKK 862.00
DKK 1,128.61
+30.93%
20.47%DKK 1,650.00DKK 700.00n/a18
Aug ’26DKK 1,074.50
DKK 1,204.44
+12.09%
17.97%DKK 1,650.00DKK 700.00n/a18
Jul ’26DKK 1,108.00
DKK 1,229.41
+10.96%
17.85%DKK 1,650.00DKK 700.00n/a17
Jun ’26DKK 1,196.50
DKK 1,239.17
+3.57%
17.27%DKK 1,570.00DKK 700.00n/a18
May ’26DKK 984.40
DKK 1,217.19
+23.65%
18.07%DKK 1,570.00DKK 700.00n/a16
Apr ’26DKK 1,061.00
DKK 1,355.00
+27.71%
14.96%DKK 1,700.00DKK 1,010.00n/a15
Mar ’26DKK 1,267.50
DKK 1,410.67
+11.30%
14.99%DKK 1,700.00DKK 1,010.00n/a15
Feb ’26DKK 1,380.50
DKK 1,329.00
-3.73%
13.88%DKK 1,550.00DKK 1,000.00n/a15
Jan ’26DKK 1,317.00
DKK 1,242.20
-5.68%
12.03%DKK 1,500.00DKK 1,000.00n/a15
Dec ’25DKK 1,136.50
DKK 1,216.93
+7.08%
12.34%DKK 1,500.00DKK 1,000.00n/a15
Nov ’25DKK 1,059.50
DKK 1,235.53
+16.61%
12.42%DKK 1,470.00DKK 1,010.00DKK 867.6015
Oct ’25DKK 1,068.50
DKK 1,227.60
+14.89%
12.98%DKK 1,470.00DKK 1,010.00DKK 842.4015
Sep ’25DKK 1,181.00
DKK 1,193.93
+1.10%
12.98%DKK 1,400.00DKK 920.00DKK 862.0015
Aug ’25DKK 1,076.50
DKK 1,201.93
+11.65%
13.12%DKK 1,400.00DKK 920.00DKK 1,074.5014
Jul ’25DKK 1,009.00
DKK 1,211.21
+20.04%
11.89%DKK 1,400.00DKK 1,010.00DKK 1,108.0014
Jun ’25DKK 1,124.00
DKK 1,200.07
+6.77%
11.18%DKK 1,400.00DKK 1,010.00DKK 1,196.5014
May ’25DKK 1,082.50
DKK 1,179.36
+8.95%
12.92%DKK 1,400.00DKK 900.00DKK 984.4014
Apr ’25DKK 1,114.50
DKK 1,148.67
+3.07%
14.32%DKK 1,400.00DKK 900.00DKK 1,061.0015
Mar ’25DKK 1,147.00
DKK 1,104.81
-3.68%
14.81%DKK 1,360.00DKK 820.00DKK 1,267.5016
Feb ’25DKK 999.60
DKK 989.81
-0.98%
12.35%DKK 1,200.00DKK 720.00DKK 1,380.5016
Jan ’25DKK 933.20
DKK 936.31
+0.33%
11.46%DKK 1,115.00DKK 730.00DKK 1,317.0016
Dec ’24DKK 931.60
DKK 928.50
-0.33%
11.98%DKK 1,115.00DKK 730.00DKK 1,136.5016
Nov ’24DKK 814.20
DKK 851.14
+4.54%
13.74%DKK 1,000.00DKK 630.00DKK 1,059.5014
DKK 1.02k
Fair Value
22.8% undervalued intrinsic discount
17
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/15 12:41
End of Day Share Price 2025/11/14 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Pandora A/S is covered by 36 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Mariana Horn UribeBerenberg
Melania GrippoBNP Paribas