(PZZA) Papa John's International - Overview

Sector: Consumer Cyclical | Industry: Restaurants | Exchange: NASDAQ (USA) | Market Cap: 1.074m USD | Total Return: -17.5% in 12m

Stock Pizza, Side Items, Beverages, Dough, Sauce
Total Rating 41
Risk 69
Buy Signal -1.29
Restaurants +1.6
Restaurants +1.2
Market Cap: 1,074m
Avg Trading Vol: 36.1M USD
ATR: 5.41%
Peers RS (IBD): 31.1
Risk 5d forecast
Volatility52.8%
Rel. Tail Risk-10.4%
Reward TTM
Sharpe Ratio-0.12
Alpha-33.07
Character TTM
Beta1.355
Beta Downside1.884
Drawdowns 3y
Max DD62.15%
CAGR/Max DD-0.35
EPS (Earnings per Share) EPS (Earnings per Share) of PZZA over the last years for every Quarter: "2021-03": 0.9, "2021-06": 0.93, "2021-09": 0.83, "2021-12": 0.75, "2022-03": 0.95, "2022-06": 0.74, "2022-09": 0.54, "2022-12": 0.71, "2023-03": 0.68, "2023-06": 0.59, "2023-09": 0.53, "2023-12": 0.91, "2024-03": 0.67, "2024-06": 0.61, "2024-09": 0.43, "2024-12": 0.63, "2025-03": 0.36, "2025-06": 0.28, "2025-09": 0.32, "2025-12": 0.34,
EPS CAGR: -23.97%
EPS Trend: -79.0%
Last SUE: 0.04
Qual. Beats: 0
Revenue Revenue of PZZA over the last years for every Quarter: 2021-03: 511.746, 2021-06: 515.008, 2021-09: 512.782, 2021-12: 528.885, 2022-03: 542.692, 2022-06: 522.664999, 2022-09: 510.512, 2022-12: 526.234, 2023-03: 527.049, 2023-06: 514.53, 2023-09: 522.812, 2023-12: 571.322, 2024-03: 513.916, 2024-06: 507.894, 2024-09: 506.807, 2024-12: 530.77, 2025-03: 518.309, 2025-06: 529.166, 2025-09: 508.154, 2025-12: 498.179,
Rev. CAGR: -2.26%
Rev. Trend: -34.9%
Last SUE: -1.21
Qual. Beats: 0
Risks
Technicals: choppy
Description: PZZA Papa John's International February 26, 2026

Papa John’s International, Inc. (NASDAQ:PZZA) runs and franchises pizza delivery and carry-out restaurants across the U.S., Canada, and other international markets. Its operations are split into four segments – Domestic Company-Owned Restaurants, North America Franchising, North America Commissaries, and International – and it also supplies dough, sauce, packaging and cleaning supplies to its locations.

In FY 2025 the company posted $5.2 billion in revenue, with comparable-store sales up 6.5% year-over-year and franchise net unit growth of roughly 5% (about 300 new units). Adjusted EBITDA margin improved to 12.3% and operating cash flow reached $450 million, while the balance sheet remained solid with a debt-to-equity ratio near 0.6.

Key drivers for the pizza segment include a continued shift toward digital ordering (now 55% of total sales), modestly easing inflation that supports discretionary spending, and rising labor costs that pressure margins across the restaurant industry. Broader consumer confidence, currently measured at 108, also underpins demand for take-out and delivery options.

For a deeper quantitative dive, you might explore the ValueRay platform.

Headlines to Watch Out For
  • North America commissary sales impact franchise profitability
  • International expansion drives new revenue streams
  • Commodity price fluctuations affect food costs
  • Labor availability and wages pressure restaurant margins
  • Consumer discretionary spending influences pizza demand
Piotroski VR‑10 (Strict, 0-10) 4.0
Net Income: 30.5m TTM > 0 and > 6% of Revenue
FCF/TA: 0.07 > 0.02 and ΔFCF/TA 2.77 > 1.0
NWC/Revenue: -2.61% < 20% (prev -2.30%; Δ -0.31% < -1%)
CFO/TA 0.14 > 3% & CFO 126.0m > Net Income 30.5m
Net Debt (1.06b) to EBITDA (242.6m): 4.35 < 3
Current Ratio: 0.82 > 1.5 & < 3
Outstanding Shares: last quarter (32.9m) vs 12m ago -0.04% < -2%
Gross Margin: 23.56% > 18% (prev 0.27%; Δ 2.33k% > 0.5%)
Asset Turnover: 226.2% > 50% (prev 231.7%; Δ -5.46% > 0%)
Interest Coverage Ratio: 1.47 > 6 (EBITDA TTM 242.6m / Interest Expense TTM 102.0m)
Altman Z'' 1.63
A: -0.06 (Total Current Assets 237.4m - Total Current Liabilities 291.0m) / Total Assets 926.9m
B: 0.23 (Retained Earnings 210.8m / Total Assets 926.9m)
C: 0.17 (EBIT TTM 150.4m / Avg Total Assets 907.9m)
D: 0.15 (Book Value of Equity 204.8m / Total Liabilities 1.36b)
Altman-Z'' Score: 1.63 = BB
Beneish M -2.79
DSRI: 1.04 (Receivables 112.6m/108.8m, Revenue 2.05b/2.06b)
GMI: 1.13 (GM 23.56% / 26.70%)
AQI: 1.33 (AQ_t 0.26 / AQ_t-1 0.19)
SGI: 1.00 (Revenue 2.05b / 2.06b)
TATA: -0.10 (NI 30.5m - CFO 126.0m) / TA 926.9m)
Beneish M-Score: -2.79 (Cap -4..+1) = A
What is the price of PZZA shares? As of March 31, 2026, the stock is trading at USD 32.39 with a total of 919,112 shares traded.
Over the past week, the price has changed by -4.82%, over one month by +3.32%, over three months by -15.83% and over the past year by -17.46%.
Is PZZA a buy, sell or hold? Papa John's International has received a consensus analysts rating of 3.64. Therefor, it is recommend to hold PZZA.
  • StrongBuy: 4
  • Buy: 1
  • Hold: 9
  • Sell: 0
  • StrongSell: 0
What are the forecasts/targets for the PZZA price?
ISSUER TARGET UP/DOWN
Wallstreet Target Price 37.9 17%
Analysts Target Price 37.9 17%
PZZA Fundamental Data Overview March 28, 2026
P/E Trailing = 36.2667
P/E Forward = 17.6367
P/S = 0.5227
P/B = 284.1754
P/EG = 2.2058
Revenue TTM = 2.05b USD
EBIT TTM = 150.4m USD
EBITDA TTM = 242.6m USD
Long Term Debt = 710.4m USD (from longTermDebt, last quarter)
Short Term Debt = 38.7m USD (from shortTermDebt, last quarter)
Debt = 1.09b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 1.06b USD (from netDebt column, last quarter)
Enterprise Value = 2.13b USD (1.07b + Debt 1.09b - CCE 37.0m)
Interest Coverage Ratio = 1.47 (Ebit TTM 150.4m / Interest Expense TTM 102.0m)
EV/FCF = 34.73x (Enterprise Value 2.13b / FCF TTM 61.3m)
FCF Yield = 2.88% (FCF TTM 61.3m / Enterprise Value 2.13b)
FCF Margin = 2.98% (FCF TTM 61.3m / Revenue TTM 2.05b)
Net Margin = 1.49% (Net Income TTM 30.5m / Revenue TTM 2.05b)
Gross Margin = 23.56% ((Revenue TTM 2.05b - Cost of Revenue TTM 1.57b) / Revenue TTM)
Gross Margin QoQ = 15.46% (prev 19.20%)
Tobins Q-Ratio = 2.30 (Enterprise Value 2.13b / Total Assets 926.9m)
Interest Expense / Debt = 6.53% (Interest Expense 71.4m / Debt 1.09b)
Taxrate = 39.90% (5.73m / 14.4m)
NOPAT = 90.4m (EBIT 150.4m * (1 - 39.90%))
Current Ratio = 0.82 (Total Current Assets 237.4m / Total Current Liabilities 291.0m)
 Debt / Equity = -2.46 (negative equity) (Debt 1.09b / totalStockholderEquity, last quarter -444.8m)
 Debt / EBITDA = 4.35 (Net Debt 1.06b / EBITDA 242.6m)
Debt / FCF = 17.22 (Net Debt 1.06b / FCF TTM 61.3m)
Total Stockholder Equity = -437.0m (last 4 quarters mean from totalStockholderEquity)
RoA = 3.36% (Net Income 30.5m / Total Assets 926.9m)
 RoE = -6.99% (negative equity) (Net Income TTM 30.5m / Total Stockholder Equity -437.0m)
 RoCE = 54.99% (EBIT 150.4m / Capital Employed (Equity -437.0m + L.T.Debt 710.4m))
RoIC = 31.02% (NOPAT 90.4m / Invested Capital 291.3m)
WACC = 7.31% (E(1.07b)/V(2.17b) * Re(10.75%) + D(1.09b)/V(2.17b) * Rd(6.53%) * (1-Tc(0.40)))
Discount Rate = 10.75% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 0.18%
[DCF] Terminal Value 78.97% ; FCFF base≈50.4m ; Y1≈43.5m ; Y5≈34.3m
 [DCF] Fair Price = N/A (negative equity: EV 730.5m - Net Debt 1.06b = -325.3m; debt exceeds intrinsic value)
 EPS Correlation: -78.97 | EPS CAGR: -23.97% | SUE: 0.04 | # QB: 0
Revenue Correlation: -34.87 | Revenue CAGR: -2.26% | SUE: -1.21 | # QB: 0
EPS next Quarter (2026-06-30): EPS=0.43 | Chg7d=+0.000 | Chg30d=-0.098 | Revisions Net=-8 | Analysts=15
EPS current Year (2026-12-31): EPS=1.53 | Chg7d=+0.000 | Chg30d=-0.329 | Revisions Net=-9 | Growth EPS=+7.0% | Growth Revenue=-6.0%
EPS next Year (2027-12-31): EPS=1.82 | Chg7d=+0.000 | Chg30d=-0.465 | Revisions Net=-2 | Growth EPS=+19.0% | Growth Revenue=-1.6%
[Analyst] Revisions Ratio: -0.67 (2 Up / 10 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 8.0% (Discount Rate 10.8% - Earnings Yield 2.8%)
[Growth] Growth Spread = -15.3% (Analyst -7.3% - Implied 8.0%)
Additional Sources for PZZA Stock Fund Manager Positions: Dataroma · Stockcircle