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Pandora Valuation Multiples

Discover revenue and EBITDA valuation multiples for Pandora and similar public comparables like Burberry, Brunello Cucinelli, Victoria's Secret, Youngor Fashion and more.

Pandora Overview

About Pandora

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.


Founded

1982

HQ

Denmark

Employees

42.3K

Financials (LTM)

Revenue: $5B
EBITDA: $2B

EV

$8B

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Pandora Financials

Pandora reported last 12-month revenue of $5B and EBITDA of $2B.

In the same LTM period, Pandora generated $4B in gross profit, $2B in EBITDA, and $798M in net income.

Revenue (LTM)


Pandora P&L

In the most recent fiscal year, Pandora reported revenue of $5B and EBITDA of $2B.

Pandora expects next 12-month revenue of XXX and NTM EBITDA of XXX

See Pandora forward-looking valuation multiples
LTMNTMLast FYFY 2026FY 2027FY 2028
Revenue$5BXXX$5BXXXXXXXXX
Gross Profit$4BXXX$4BXXXXXXXXX
Gross Margin79%XXX78%XXXXXXXXX
EBITDA$2BXXX$2BXXXXXXXXX
EBITDA Margin31%XXX32%XXXXXXXXX
EBIT Margin23%XXX24%XXXXXXXXX
Net Profit$798MXXX$828MXXXXXXXXX
Net Margin16%XXX16%XXXXXXXXX
Net Debt——$1BXXXXXXXXX

Financial data powered by Morningstar, Inc.

Pandora Stock Performance

Pandora has current market cap of $6B, and enterprise value of $8B.

Market Cap Evolution


Pandora's stock price is $75.30.

See Pandora trading valuation data
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$8B$6B0.9%XXXXXXXXX$11.10

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Pandora Valuation Multiples

Pandora trades at 1.5x EV/Revenue multiple, and 4.8x EV/EBITDA.

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EV / Revenue (LTM)


Pandora Financial Valuation Multiples

As of March 22, 2026, Pandora has market cap of $6B and EV of $8B.

Equity research analysts estimate Pandora's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Pandora has a P/E ratio of 7.0x.

LTMNTMLast FYFY 2026FY 2027FY 2028
Market cap (current)$6BXXX$6BXXXXXXXXX
EV (current)$8BXXX$8BXXXXXXXXX
EV/Revenue1.5xXXX1.5xXXXXXXXXX
EV/EBITDA4.8xXXX4.7xXXXXXXXXX
EV/EBIT6.5xXXX6.3xXXXXXXXXX
EV/Gross Profit1.9xXXX1.9xXXXXXXXXX
P/E7.0xXXX6.8xXXXXXXXXX
EV/FCF10.4xXXX9.2xXXXXXXXXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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Pandora Margins & Growth Rates

Pandora's revenue in the last 12 month declined by (0%).

Pandora's revenue per employee in the last FY averaged $0.1M.

Pandora's rule of 40 is 31% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Pandora's rule of X is 30% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

See operational valuation multiples for Pandora and other 15K+ public comps

Pandora Operational Valuation Multiples

LTMNTMLast FYFY 2026FY 2027FY 2028
Revenue Growth(0%)XXX(2%)XXXXXXXXX
EBITDA Margin31%XXX32%XXXXXXXXX
EBITDA Growth(12%)XXX(10%)XXXXXXXXX
Rule of 40—XXX31%XXXXXXXXX
Bessemer Rule of X—XXX30%XXXXXXXXX
Revenue per Employee—XXX$0.1MXXXXXXXXX
S&M Expenses to Revenue24%XXX47%XXXXXXXXX
G&A Expenses to Revenue8%XXX8%XXXXXXXXX
Opex to Revenue—XXX54%XXXXXXXXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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Pandora Public Comps

See public comps and valuation multiples for other Luxury Goods and Clothing & Accessories comps.

EV/RevenueEV/EBITDA
LTM2026E2027ELTM2026E2027E
BurberryXXXXXXXXXXXXXXXXXX
Brunello CucinelliXXXXXXXXXXXXXXXXXX
Victoria's SecretXXXXXXXXXXXXXXXXXX
Youngor FashionXXXXXXXXXXXXXXXXXX
ShimamuraXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXXXXXXX

Valuation data powered by FactSet, Inc.

Pandora M&A Activity

Pandora acquired XXX companies to date.

Last acquisition by Pandora was on XXXXXXXX, XXXXX. Pandora acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

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Latest Acquisitions by Pandora

Acquired CompanyValuationEV/RevenueEV/EBITDA
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX

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Pandora Investment Activity

Pandora invested in XXX companies to date.

Pandora made its latest investment on XXXXXXXX, XXXXX. Pandora invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).

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Latest Investments by Pandora

CompanyValuationEV/RevenueEV/EBITDA
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX

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About Pandora

When was Pandora founded?Pandora was founded in 1982.
Where is Pandora headquartered?Pandora is headquartered in Denmark.
How many employees does Pandora have?As of today, Pandora has over 42K employees.
Who is the CEO of Pandora?Pandora's CEO is Berta De Pablos-Barbier.
Is Pandora publicly listed?Yes, Pandora is a public company listed on Nasdaq Copenhagen.
What is the stock symbol of Pandora?Pandora trades under PNDORA ticker.
When did Pandora go public?Pandora went public in 2010.
Who are competitors of Pandora?Pandora main competitors are Burberry, Brunello Cucinelli, Victoria's Secret, Youngor Fashion.
What is the current market cap of Pandora?Pandora's current market cap is $6B.
What is the current revenue of Pandora?Pandora's last 12 months revenue is $5B.
What is the current revenue growth of Pandora?Pandora revenue growth (NTM/LTM) is (0%).
What is the current EV/Revenue multiple of Pandora?Current revenue multiple of Pandora is 1.5x.
Is Pandora profitable?Yes, Pandora is EBITDA-positive (as of the last 12 months).
What is the current EBITDA of Pandora?Pandora's last 12 months EBITDA is $2B.
What is Pandora's EBITDA margin?Pandora's last 12 months EBITDA margin is 31%.
What is the current EV/EBITDA multiple of Pandora?Current EBITDA multiple of Pandora is 4.8x.
What is the current FCF of Pandora?Pandora's last 12 months FCF is $741M.
What is Pandora's FCF margin?Pandora's last 12 months FCF margin is 15%.
What is the current EV/FCF multiple of Pandora?Current FCF multiple of Pandora is 10.4x.

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