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

Data as of 2026-11-04. NASDAQ, United States. Sector: Consumer Cyclical / Hospitality & Leisure. Price $18.56, market value $611 million.

## Valuation
- **P/E (trailing): 23.2×** (5-yr avg 215.7×, 3-yr avg 28.2×). Papa John's International Inc. trades at 23.2× 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 14.3×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 0.3×**. Each dollar of revenue is priced at 0.3×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **EV / EBITDA: 7.3×**. Enterprise value is 7.3× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 5.6%** (5-yr avg 3.4%). Free cash flow equals 5.6% of the market value, above its five-year average of 3.4%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 4.3%**. The inverse of the P/E: 4.3% 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.
- **Current ratio: 0.82** (quick 0.82). Current liabilities exceed current assets, so the company depends on ongoing cash generation or refinancing to pay the next year's bills.
- **Altman Z-score: 2.27**. A Z-score of 2.27 is in the grey zone; not distressed, not clearly safe.
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 9.74%** ($1.84 per share, trailing). Papa John's International Inc. yields 9.74%, 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.

## Analyst view
- **Analyst consensus: hold** (8 analysts). 8 analysts cover Papa John's International Inc.; the consensus is hold, with an average price target of $28.00 (+51% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): -61.4%** (YTD -49.6%, 3-mo -39.2%). The shares are down 61.4% over twelve months including dividends.
- **From 52-week high: -64.3%** (4.9% above the low). Trading 64% 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): 45**. An RSI of 45 is neutral.
- **Beta (1 yr): 0.41** (volatility 50%). Beta of 0.41 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.