The paper addresses the analysis of aesthetics in Guillermo del Toro's Pan's Labyrinth, a 2006 film in which the fantastic genre predominates. Various aspects are studied: The structure of the plot and composition of the story, which revolve around the presence of two fictional levels: one related to the events of the characters in the mimesis context of the historical and a second fictional level related to the fantastic, producing an understanding of the metaphysical reality of the film. Semiotics of the work in relation to the fantastic regarding the link between Ofelia and the pan. Semiosis of the internal pragmatics of the work in relation to the viewer and the PECMA flow. The acting role of the character Ofelia and her wisdom within the different options presented by the plot. The cultural construction and the attitudinal around gender, are analyzed in relation to their significance. The contribution made by this analysis is an approach to the perceptual process within the film and its relationship with the fantastic. The intervention of the fantastic causes the rupture of the real mimesis, where fantasy allows transgressing the limits of the understanding of the real and generates a character with unusual metaphysical projections.