🚀 VC round data is live in beta, check it out!
- Public Comps
- Pandora
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

Employees
42.3K
Website
Financials (LTM)
EV
$8B
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
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $5B | XXX | $5B | XXX | XXX | XXX |
| Gross Profit | $4B | XXX | $4B | XXX | XXX | XXX |
| Gross Margin | 79% | XXX | 78% | XXX | XXX | XXX |
| EBITDA | $2B | XXX | $2B | XXX | XXX | XXX |
| EBITDA Margin | 31% | XXX | 32% | XXX | XXX | XXX |
| EBIT Margin | 23% | XXX | 24% | XXX | XXX | XXX |
| Net Profit | $798M | XXX | $828M | XXX | XXX | XXX |
| Net Margin | 16% | XXX | 16% | XXX | XXX | XXX |
| Net Debt | — | — | $1B | XXX | XXX | XXX |
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.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $8B | $6B | 0.9% | XXX | XXX | XXX | $11.10 |
Benchmark Trading Valuation Multiples by Industry
Sign up to access valuation multiples like growth-adjusted P/E, Rule of 40, next 12-month EV/Revenue, EBITDA multiples by industry, consensus analyst estimates and many more.
Start Free TrialPandora Valuation Multiples
Pandora trades at 1.5x EV/Revenue multiple, and 4.8x EV/EBITDA.
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.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $6B | XXX | $6B | XXX | XXX | XXX |
| EV (current) | $8B | XXX | $8B | XXX | XXX | XXX |
| EV/Revenue | 1.5x | XXX | 1.5x | XXX | XXX | XXX |
| EV/EBITDA | 4.8x | XXX | 4.7x | XXX | XXX | XXX |
| EV/EBIT | 6.5x | XXX | 6.3x | XXX | XXX | XXX |
| EV/Gross Profit | 1.9x | XXX | 1.9x | XXX | XXX | XXX |
| P/E | 7.0x | XXX | 6.8x | XXX | XXX | XXX |
| EV/FCF | 10.4x | XXX | 9.2x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Pandora Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


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).
Pandora Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | (0%) | XXX | (2%) | XXX | XXX | XXX |
| EBITDA Margin | 31% | XXX | 32% | XXX | XXX | XXX |
| EBITDA Growth | (12%) | XXX | (10%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 31% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 30% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 24% | XXX | 47% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 8% | XXX | 8% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 54% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Pandora Public Comps
See public comps and valuation multiples for other Luxury Goods and Clothing & Accessories comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Burberry | XXX | XXX | XXX | XXX | XXX | XXX |
| Brunello Cucinelli | XXX | XXX | XXX | XXX | XXX | XXX |
| Victoria's Secret | XXX | XXX | XXX | XXX | XXX | XXX |
| Youngor Fashion | XXX | XXX | XXX | XXX | XXX | XXX |
| Shimamura | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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).
Latest Acquisitions by Pandora
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
Get Verified M&A Valuation Multiples
Sign up to see revenue and EBITDA valuation multiples for 150K+ M&A deals.
Start Free TrialPandora 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).
Latest Investments by Pandora
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAbout 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. |
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.