Overview Dividends

(PZZA) Papa John's International - Ratings and Ratios

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: US6988131024

Pizza, Dough, Sauce, Beverages, Supplies

PZZA EPS (Earnings per Share)

EPS Growth (3Y CAGR): -60.47%
EPS Trend (3Y Correlation): -71.5%

PZZA Revenue

Revenue Growth (3Y CAGR): 1.31%
Revenue Trend (3Y Correlation): 1.5%

Risk via 10d forecast
Volatility	59.7%
Value at Risk 5%th	91.7%
Relative Tail Risk	-6.68%

Reward TTM
Sharpe Ratio	-0.10
Alpha	-28.14

Character TTM
Hurst Exponent	0.622
Beta	0.833
Beta Downside	1.067

Drawdowns 3y
Max DD	66.25%
Mean DD	35.27%
Median DD	39.88%

Description: PZZA Papa John's International November 12, 2025

Papa Johns International, Inc. (NASDAQ:PZZA) operates and franchises pizza delivery and carry-out restaurants under the Papa John’s brand across the United States, Canada, and other international markets. The business is organized into four reporting segments: Domestic Company-Owned Restaurants, North America Franchising, North America Commissaries, and International, each contributing to revenue through restaurant sales, franchise fees, and supply-chain services such as sauce, dough, and cleaning supplies.

Key performance indicators from the most recent FY 2023 filing show a 4.2% same-store sales growth in the United States, a franchisee base of approximately 5,200 locations, and an average unit volume (AUV) of roughly $1.1 million per restaurant. The company’s operating margin improved to 8.5% after a cost-saving initiative that reduced commodity input prices (e.g., cheese and wheat) by 3% year-over-year.

Economic drivers that materially affect Papa John’s include discretionary consumer spending trends, labor cost inflation, and the price volatility of core ingredients. On the sector side, the acceleration of digital ordering and third-party delivery partnerships continues to boost order frequency and average ticket size, a trend that the firm has leveraged through its proprietary online platform and loyalty program.

Given these dynamics, a deeper dive into Papa John’s valuation metrics-such as price-to-sales, franchise royalty yields, and cash-flow conversion-can be efficiently explored on ValueRay, where you’ll find the data and tools needed to test these assumptions further.

PZZA Stock Overview

Market Cap in USD	1,664m
Sub-Industry	Restaurants
IPO / Inception	1993-06-08
Return 12m vs S&P 500	-23.8%
Analyst Rating	3.64 of 5

PZZA Dividends

Dividend Yield	4.48%
Yield on Cost 5y	2.61%
Yield CAGR 5y	19.58%
Payout Consistency	99.2%
Payout Ratio	131.4%

PZZA Growth Ratios

CAGR 3y	-17.84%
CAGR/Max DD Calmar Ratio	-0.27
CAGR/Mean DD Pain Ratio	-0.51
Current Volume	1932.4k
Average Volume	1268.9k

Piotroski VR‑10 (Strict, 0-10) 3.0

Net Income (75.1m TTM) > 0 and > 6% of Revenue (6% = 125.1m TTM)

FCFTA 0.07 (>2.0%) and ΔFCFTA -1.88pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue -2.59% (prev -2.34%; Δ -0.25pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.15 (>3.0%) and CFO 131.5m > Net Income 75.1m (YES >=105%, WARN >=100%)

Net Debt (933.4m) to EBITDA (215.3m) ratio: 4.34 <= 3.0 (WARN <= 3.5)

Current Ratio 0.82 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (33.0m) change vs 12m ago 0.35% (target <= -2.0% for YES)

Gross Margin 24.23% (prev 17.82%; Δ 6.41pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 241.2% (prev 252.4%; Δ -11.17pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 3.49 (EBITDA TTM 215.3m / Interest Expense TTM 41.3m) >= 6 (WARN >= 3)

Altman Z'' 1.74

(A) -0.06 = (Total Current Assets 238.8m - Total Current Liabilities 292.7m) / Total Assets 890.4m

(B) 0.26 = Retained Earnings (Balance) 229.9m / Total Assets 890.4m

(D) 0.17 = Book Value of Equity 224.4m / Total Liabilities 1.31b

Total Rating: 1.74 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 51.35

1. Piotroski 3.0pt = -2.0

2. FCF Yield 2.23% = 1.11

3. FCF Margin 2.78% = 0.69

4. Debt/Equity -2.24 = -2.50

5. Debt/Ebitda 4.34 = -2.50

6. ROIC - WACC (= 27.00)% = 12.50

7. RoE -17.59% = -2.50

8. Rev. Trend 1.53% = 0.12

9. EPS Trend -71.46% = -3.57

What is the price of PZZA shares?

As of November 15, 2025, the stock is trading at USD 41.10 with a total of 1,932,407 shares traded.
Over the past week, the price has changed by +0.05%, over one month by -15.57%, over three months by -12.81% and over the past year by -12.68%.

Is Papa John's International a good stock to buy?

Neither. Based on ValueRay´s Fundamental Analyses, Papa John's International is currently (November 2025) neither a good nor a bad stock to buy. It has a ValueRay Fundamental Rating of 51.35 and therefor a neutral outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of PZZA is around 34.61 USD . This means that PZZA is currently overvalued and has a potential downside of -15.79%.

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.

Strong Buy: 4
Buy: 1
Hold: 9
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the PZZA price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	51.5	25.3%
Analysts Target Price	51.5	25.3%
ValueRay Target Price	37.7	-8.2%

PZZA Fundamental Data Overview November 02, 2025

Market Cap USD = 1.66b (1.66b USD * 1.0 USD.USD)
P/E Trailing = 22.2851
P/E Forward = 20.1207
P/S = 0.7983
P/EG = 2.5163
Beta = 1.091
Revenue TTM = 2.09b USD
EBIT TTM = 144.0m USD
EBITDA TTM = 215.3m USD
Long Term Debt = 726.3m USD (from longTermDebt, last quarter)
Short Term Debt = 37.1m USD (from shortTermDebt, last quarter)
Debt = 966.7m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 933.4m USD (from netDebt column, last quarter)
Enterprise Value = 2.60b USD (1.66b + Debt 966.7m - CCE 33.3m)
Interest Coverage Ratio = 3.49 (Ebit TTM 144.0m / Interest Expense TTM 41.3m)
FCF Yield = 2.23% (FCF TTM 57.9m / Enterprise Value 2.60b)
FCF Margin = 2.78% (FCF TTM 57.9m / Revenue TTM 2.09b)
Net Margin = 3.60% (Net Income TTM 75.1m / Revenue TTM 2.09b)
Gross Margin = 24.23% ((Revenue TTM 2.09b - Cost of Revenue TTM 1.58b) / Revenue TTM)
Gross Margin QoQ = 17.88% (prev 29.29%)
Tobins Q-Ratio = 2.92 (Enterprise Value 2.60b / Total Assets 890.4m)
Interest Expense / Debt = 1.10% (Interest Expense 10.6m / Debt 966.7m)
Taxrate = 30.45% (4.24m / 13.9m)
NOPAT = 100.1m (EBIT 144.0m * (1 - 30.45%))
Current Ratio = 0.82 (Total Current Assets 238.8m / Total Current Liabilities 292.7m)
Debt / Equity = -2.24 (negative equity) (Debt 966.7m / totalStockholderEquity, last quarter -432.0m)
Debt / EBITDA = 4.34 (Net Debt 933.4m / EBITDA 215.3m)
Debt / FCF = 16.12 (Net Debt 933.4m / FCF TTM 57.9m)
Total Stockholder Equity = -427.0m (last 4 quarters mean from totalStockholderEquity)
RoA = 8.43% (Net Income 75.1m / Total Assets 890.4m)
RoE = -17.59% (negative equity) (Net Income TTM 75.1m / Total Stockholder Equity -427.0m)
RoCE = 48.12% (EBIT 144.0m / Capital Employed (Equity -427.0m + L.T.Debt 726.3m))
RoIC = 33.04% (NOPAT 100.1m / Invested Capital 303.1m)
WACC = 6.04% (E(1.66b)/V(2.63b) * Re(9.10%) + D(966.7m)/V(2.63b) * Rd(1.10%) * (1-Tc(0.30)))
Discount Rate = 9.10% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 0.21%
[DCF Debug] Terminal Value 65.91% ; FCFE base≈62.8m ; Y1≈41.4m ; Y5≈19.1m
Fair Price DCF = 9.64 (DCF Value 315.9m / Shares Outstanding 32.8m; 5y FCF grow -39.76% → 3.0% )
EPS Correlation: -71.46 | EPS CAGR: -60.47% | SUE: -4.0 | # QB: 0
Revenue Correlation: 1.53 | Revenue CAGR: 1.31% | SUE: 0.91 | # QB: 1

Additional Sources for PZZA Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
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Fund Manager Positions: Dataroma | Stockcircle