Papa John's International, Inc. (PZZA) Stock

Papa John's International, Inc. (PZZA) is a Consumer Discretionary stock trading at $23.35 (as of 2026-08-20), with a market capitalization of $768.26M and a trailing P/E of 26.9. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Papa John's International, Inc. operates and franchises pizza delivery and carryout restaurants under the Papa John's trademark in the United States and internationally. It operates through four segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, and International Operations. The company also operates dine-in and delivery restaurants under the Papa John's trademark internationally. As of December 26, 2021, it operated 5,650 Papa John's restaurants, which included 600 company-owned and 5,050 franchised restaurants in 50 countries and territories. The company was founded in 1984 and is based in Louisville, Kentucky.

Understand Papa John's International, Inc.: how it makes money

Papa John's operates and franchises pizza delivery and carryout restaurants under the Papa John's trademark, and it makes money from running company-owned restaurants and from franchise-related revenue streams that connect to its commissary business.

Earnings are tied to a linked network model, with company-owned restaurant performance and franchise-linked revenue, including commissary supply and franchising, depending on how the overall restaurant base performs.

Business quality (Weak): The business model is understandable (company-owned restaurants plus franchising, supported by commissaries), but this dataset does not provide clean, reportable segment revenue totals for investors to benchmark trends by segment.

Valuation: At 44× earnings, PZZA trades 60% above the Restaurants, Hotels & Motels average (27×). Note: one-time items can distort reported P/E.

Bull case

  • North America commissary revenue increased: The latest provided segment revenue candidates show North America Commissary Revenues Increase.

Bear case

  • Multiple revenue lines are moving down: The latest provided segment revenue candidates show declines in Company-Owned Restaurant Revenue, International Revenues, Domestic Company-Owned Restaurant Revenues, and Preferred Marketing Revenue.
Valuation — source: SEC EDGAR (first-party)
Price$23.35
Market Cap$768.26M
P/E Ratio26.9
EV / EBITDA8.2
Price / Sales0.38
FCF Yield4.7%
DCF Value (model)$38.99
DCF Upside vs Price67.0%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$2.05B
Net Margin1.5%
Revenue Growth (YoY)-7.7%
EPS Growth (YoY)-25.0%
FCF Growth (YoY)-132.6%
Financial Health — source: SEC EDGAR
Altman Z-Score3.44 (safe)
Valuation vs Sector & Industry
Stock P/E26.9
Sector P/E (Consumer Discretionary)20.5
Industry P/E (Restaurants, Hotels & Motels)26.6
vs Sector31.3%
vs Industry1.2%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($156.21M)
Institutional Holders Tracked10
Company
SectorConsumer Discretionary
IndustryRestaurants, Hotels & Motels
CEOTodd Allan Penegor
Employees11,400
CountryUS
IPO Date1993-06-08

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PZZA earnings history · PZZA institutional & insider holders · PZZA KPIs & operating metrics · PZZA financials · PZZA investor presentations & press releases · PZZA SEC filings · PZZA peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.