Pandora A/S

BATS-CHIXE:PNDORC Stock Report

Market Cap: DKK 45.4b

Pandora Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

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

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: PNDORC (DKK609.2) is trading below our estimate of future cash flow value (DKK941.85)

Significantly Below Future Cash Flow Value: PNDORC is trading below future cash flow value by more than 20%.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for PNDORC. This is calculated by dividing PNDORC's market cap by their current earnings.
What is PNDORC's PE Ratio?
PE Ratio8.9x
EarningsDKK 5.08b
Market CapDKK 45.43b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for PNDORC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average19.2x
GAW Games Workshop Group
31.7x1.19%UK£6.5b
BTRW Barratt Redrow
16x17.96%UK£3.5b
PSN Persimmon
11.7x11.82%UK£3.3b
COA Coats Group
17.3x15.01%UK£1.5b
PNDORC Pandora
8.9x-6.25%DKK 45.4b

Price-To-Earnings vs Peers: PNDORC is good value based on its Price-To-Earnings Ratio (8.9x) compared to the peer average (65x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

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

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No. of Companies8PE01224364860+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: PNDORC is good value based on its Price-To-Earnings Ratio (8.9x) compared to the European Luxury industry average (18.2x).

Price to Earnings Ratio vs Fair Ratio

What is PNDORC'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.

PNDORC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.9x
Fair PE Ratio13x

Price-To-Earnings vs Fair Ratio: PNDORC is good value based on its Price-To-Earnings Ratio (8.9x) compared to the estimated Fair Price-To-Earnings Ratio (13x).

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 PNDORC forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentDKK 609.20
DKK 623.17
+2.29%
31.92%DKK 1,300.00DKK 380.00n/a18
Jun ’27DKK 603.60
DKK 616.78
+2.18%
32.36%DKK 1,300.00DKK 380.00n/a18
May ’27DKK 491.55
DKK 602.61
+22.59%
35.80%DKK 1,300.00DKK 365.00n/a18
Apr ’27DKK 457.95
DKK 603.56
+31.80%
37.84%DKK 1,300.00DKK 340.00n/a16
Mar ’27DKK 500.70
DKK 616.31
+23.09%
36.22%DKK 1,300.00DKK 340.00n/a16
Feb ’27DKK 508.70
DKK 680.94
+33.86%
31.51%DKK 1,300.00DKK 430.00n/a16
Jan ’27DKK 700.70
DKK 949.29
+35.48%
20.83%DKK 1,300.00DKK 630.00n/a17
Dec ’26DKK 764.90
DKK 995.88
+30.20%
18.07%DKK 1,300.00DKK 650.00n/a17
Nov ’26DKK 874.00
DKK 1,037.12
+18.66%
16.94%DKK 1,310.00DKK 700.00n/a17
Oct ’26DKK 837.20
DKK 1,073.06
+28.17%
20.21%DKK 1,570.00DKK 700.00n/a18
Sep ’26DKK 893.80
DKK 1,128.61
+26.27%
20.47%DKK 1,650.00DKK 700.00n/a18
Aug ’26DKK 1,079.25
DKK 1,204.44
+11.60%
17.97%DKK 1,650.00DKK 700.00n/a18
Jul ’26DKK 1,104.00
DKK 1,229.41
+11.36%
17.85%DKK 1,650.00DKK 700.00n/a17
Jun ’26DKK 1,198.00
DKK 1,239.17
+3.44%
17.27%DKK 1,570.00DKK 700.00DKK 603.6018
May ’26DKK 980.10
DKK 1,217.19
+24.19%
18.07%DKK 1,570.00DKK 700.00DKK 491.5516
Apr ’26DKK 1,071.00
DKK 1,355.00
+26.52%
14.96%DKK 1,700.00DKK 1,010.00DKK 457.9515
Mar ’26DKK 1,264.75
DKK 1,410.67
+11.54%
14.99%DKK 1,700.00DKK 1,010.00DKK 500.7015
Feb ’26DKK 1,386.00
DKK 1,329.00
-4.11%
13.88%DKK 1,550.00DKK 1,000.00DKK 508.7015
Jan ’26DKK 1,316.00
DKK 1,242.20
-5.61%
12.03%DKK 1,500.00DKK 1,000.00DKK 700.7015
Dec ’25DKK 1,127.50
DKK 1,216.93
+7.93%
12.34%DKK 1,500.00DKK 1,000.00DKK 764.9015
Nov ’25DKK 1,057.25
DKK 1,235.53
+16.86%
12.42%DKK 1,470.00DKK 1,010.00DKK 874.0015
Oct ’25DKK 1,062.50
DKK 1,227.60
+15.54%
12.98%DKK 1,470.00DKK 1,010.00DKK 837.2015
Sep ’25DKK 1,148.75
DKK 1,193.93
+3.93%
12.98%DKK 1,400.00DKK 920.00DKK 893.8015
Aug ’25DKK 1,095.50
DKK 1,201.93
+9.72%
13.12%DKK 1,400.00DKK 920.00DKK 1,079.2514
Jul ’25n/a
DKK 1,211.21
0%
11.89%DKK 1,400.00DKK 1,010.00DKK 1,104.0014
Jun ’25DKK 1,125.25
DKK 1,200.07
+6.65%
11.18%DKK 1,400.00DKK 1,010.00DKK 1,198.0014
DKK 589.68
Fair Value
3.3% overvalued intrinsic discount
18
Number of Analysts

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/13 03:14
End of Day Share Price 2026/06/10 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

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 34 analysts. 18 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
Luca SolcaBernstein