# Papa John's International Inc. (PZZA) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Consumer Cyclical / Hotels, Restaurants & Leisure. Price $22.68, market value $747 million.

## Valuation
- **P/E (trailing): 28.4×** (5-yr avg 215.7×, 3-yr avg 28.2×). Papa John's International Inc. trades at 28.4× trailing earnings, well below its own five-year average of 215.7×: cheap by its own standards. The Consumer Cyclical median in the September 2026 study was 19.5×. Forward P/E is 17.0×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 0.4×**. Each dollar of revenue is priced at 0.4×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **EV / EBITDA: 8.1×**. Enterprise value is 8.1× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 4.6%** (5-yr avg 3.4%). Free cash flow equals 4.6% of the market value, above its five-year average of 3.4%, so the shares are cheaper on cash than they have usually been.
- **Earnings yield: 3.5%**. The inverse of the P/E: 3.5% of the price is earned each year.

## Profitability
- **Operating margin: 4.3%**. 4.3% of revenue is left after running the business, which leaves little cushion in a downturn.
- **Net margin: 1.5%**. 1.5% of each dollar of sales reaches the bottom line.
- **Return on equity: -6.9%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: 28.3%**. Return on all capital, debt included, is 28.3%: comfortably above what that capital costs.
- **Return on assets: 3.3%**. Each dollar of assets produces 3.3% of profit.

## Growth
- **Revenue growth (1 yr): -0.3%** (3-yr -0.8%/yr, 5-yr 2.5%/yr). Revenue fell 0.3% over the last year, against 2.5% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -64.6%** (3-yr -21.9%/yr, 5-yr -6.8%/yr). Earnings per share fell 64.6%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): 15.9%/yr**. Free cash flow has compounded at 15.9% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Net debt / EBITDA: 3.9×**. It would take 3.9 years of operating earnings to repay net borrowings, above the 3× level most lenders treat as comfortable.
- **Altman Z-score: 2.41**. A Z-score of 2.41 is in the grey zone; not distressed, not clearly safe.
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 7.47%** ($1.84 per share, trailing). Papa John's International Inc. yields 7.47%, high enough to check carefully: yields this high often precede a cut.
- **Payout ratio: 200%** (180% of free cash flow). The dividend exceeds earnings (200% payout), which is rarely sustainable outside REITs and one-off years.
- **Consecutive years of increases: 13**. 13 straight years of increases, a record that survived at least one recession.
- **Dividend growth (5 yr): 15.4%/yr** (1-yr 0.0%). The dividend has compounded at 15.4% a year over five years, doubling roughly every 5 years at that pace.

## Price and momentum
- **Total return (1 yr): -50.3%** (YTD -39.5%, 3-mo -28.9%). The shares are down 50.3% over twelve months including dividends.
- **From 52-week high: -59.3%** (2.7% above the low). Trading 59% below its 52-week high, deep in a drawdown.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 29**. An RSI of 29 is oversold; bounces are common, but oversold can stay oversold in a real decline.
- **Beta (1 yr): 0.47** (volatility 53%). Beta of 0.47 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=PZZA · Page: https://foliofundamentals.com/stocks/pzza

Not investment advice.