Planet Fitness, Inc. (PLNT) Financial Ratios
12 years of historical data (2013–2024) · Consumer Cyclical · Leisure
EV/EBITDA
↓
15.66
↓-56% vs avg
5yr avg: 35.58
30Y Low9.8·High68.1
P/FCF
↓
28.11
↓-38% vs avg
5yr avg: 45.17
30Y Low9.2·High66.8
P/B Ratio
N/A
—
5yr avg: N/A
ROE
N/A
—
5yr avg: N/A
30Y Low8%·High25%
Debt/EBITDA
↓
5.32
↓-40% vs avg
5yr avg: 8.81
30Y Low2.8·High17.1
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
PLNT Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Planet Fitness, Inc. trades at 32.0x earnings, 62% below its 5-year average of 84.7x, sitting at the 11th percentile of its historical range. Compared to the Consumer Cyclical sector median P/E of 19.6x, the stock trades at a premium of 63%. On a free-cash-flow basis, the stock trades at 28.1x P/FCF, 38% below the 5-year average of 45.2x.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $5.3B | $8.5B | $6.2B | $6.7B | $7.6B | $6.2B | $6.2B | $4.7B | $2.7B | $870M | $572M |
| Enterprise Value | $7.6B | $10.8B | $8.3B | $8.6B | $9.0B | $7.7B | $7.7B | $5.6B | $3.3B | $1.5B | $1.0B |
| P/E Ratio → | 31.98 | 49.44 | 45.06 | 66.78 | 177.61 | — | 52.96 | 53.62 | 82.45 | 40.20 | 30.65 |
| P/S Ratio | 4.49 | 7.18 | 5.80 | 7.11 | 12.95 | 15.33 | 9.07 | 8.21 | 6.36 | 2.30 | 1.73 |
| P/B Ratio | — | — | — | — | — | — | — | — | — | — | — |
| P/FCF | 28.11 | 44.94 | 32.01 | 47.54 | 56.20 | — | 66.78 | 48.08 | 29.31 | 9.32 | 9.20 |
| P/OCF | 15.43 | 24.68 | 18.83 | 27.73 | 40.15 | 200.20 | 30.56 | 25.49 | 20.87 | 8.00 | 7.00 |
P/E links to full P/E history page with 30-year chart
PLNT EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Planet Fitness, Inc.'s enterprise value stands at 15.7x EBITDA, 56% below its 5-year average of 35.6x. The Consumer Cyclical sector median is 11.4x, placing the stock at a 38% premium on an enterprise-value basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 9.11 | 7.75 | 9.17 | 15.35 | 19.01 | 11.13 | 9.75 | 7.73 | 4.07 | 3.10 |
| EV / EBITDA | 15.66 | 22.22 | 19.67 | 24.27 | 43.69 | 68.06 | 27.61 | 25.42 | 18.51 | 10.43 | 9.79 |
| EV / EBIT | 23.41 | 31.05 | 28.25 | 34.36 | 67.65 | 114.37 | 32.76 | 30.59 | 7.16 | 13.15 | 14.28 |
| EV / FCF | — | 57.03 | 42.76 | 61.31 | 66.62 | — | 81.99 | 57.10 | 35.64 | 16.47 | 16.49 |
PLNT Profitability
Margins and return-on-capital ratios measuring operating efficiency
Planet Fitness, Inc. earns an operating margin of 27.4%, significantly above the Consumer Cyclical sector average of 2.9%. Operating margins have expanded from 24.6% to 27.4% over the past 3 years, signaling improving operational efficiency. ROIC of 12.0% represents solid returns on invested capital versus a sector median of 5.8%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 52.0% | 52.0% | 52.0% | 50.6% | 53.8% | 45.9% | 52.0% | 51.1% | 55.8% | 51.8% | 48.3% |
| Operating Margin | 27.4% | 27.4% | 25.5% | 24.6% | 24.4% | 14.7% | 33.8% | 32.1% | 34.3% | 30.6% | 21.8% |
| Net Profit Margin | 14.6% | 14.6% | 12.9% | 10.6% | 7.3% | -3.7% | 17.1% | 15.4% | 7.7% | 5.7% | 5.6% |
Return on Capital
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | — | — | — | — | — | — | — | — | — | 24.6% |
| ROA | 5.7% | 5.7% | 4.7% | 4.1% | 2.2% | -0.8% | 7.7% | 7.2% | 3.2% | 2.5% | 2.8% |
| ROIC | 12.0% | 12.0% | 11.1% | 13.9% | 13.8% | 6.0% | 28.8% | 28.9% | 24.4% | 19.1% | 11.5% |
| ROCE | 11.8% | 11.8% | 10.2% | 10.3% | 8.0% | 3.6% | 16.7% | 16.7% | 15.5% | 14.9% | 12.2% |
PLNT Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Planet Fitness, Inc. carries a Debt/EBITDA ratio of 5.3x, which is highly leveraged (21% above the sector average of 4.4x). Net debt stands at $2.3B ($2.6B total debt minus $293M cash). Interest coverage of 3.2x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | — | — | — | — | — | — | — | — | — |
| Debt / EBITDA | 5.32 | 5.32 | 5.60 | 6.61 | 9.48 | 17.05 | 6.69 | 5.34 | 3.92 | 4.81 | 4.63 |
| Net Debt / Equity | — | — | — | — | — | — | — | — | — | — | — |
| Net Debt / EBITDA | 4.71 | 4.71 | 4.95 | 5.45 | 6.84 | 13.18 | 5.12 | 4.02 | 3.29 | 4.53 | 4.33 |
| Debt / FCF | — | 12.09 | 10.76 | 13.78 | 10.42 | — | 15.20 | 9.03 | 6.33 | 7.16 | 7.29 |
| Interest Coverage | 3.24 | 3.24 | 3.15 | 2.60 | 1.77 | 0.73 | 3.83 | 3.63 | 4.18 | 4.26 | 2.94 |
PLNT Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Planet Fitness, Inc.'s current ratio of 2.08x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has declined from 2.27x to 2.08x over the past 3 years.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.08 | 2.08 | 1.88 | 2.27 | 3.75 | 5.07 | 3.71 | 2.96 | 1.58 | 1.10 | 1.10 |
| Quick Ratio | 2.06 | 2.06 | 1.86 | 2.25 | 3.74 | 5.06 | 3.71 | 2.92 | 1.56 | 1.07 | 1.03 |
| Cash Ratio | 1.44 | 1.44 | 1.40 | 1.68 | 3.09 | 3.93 | 3.00 | 2.20 | 1.01 | 0.49 | 0.47 |
| Asset Turnover | — | 0.38 | 0.36 | 0.33 | 0.29 | 0.22 | 0.40 | 0.42 | 0.39 | 0.38 | 0.47 |
| Inventory Turnover | 92.20 | 92.20 | 109.84 | 87.87 | 234.76 | 465.13 | 377.09 | 54.72 | 70.55 | 101.24 | 37.52 |
| Days Sales Outstanding | — | 29.82 | 19.17 | 25.98 | 27.64 | 34.70 | 27.79 | 37.16 | 48.22 | 40.88 | 32.96 |
PLNT Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Planet Fitness, Inc. returns 5.7% to shareholders annually — split between a 0.1% dividend yield and 5.7% buyback yield. The payout ratio of 2.8% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 3.1% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.1% | 0.1% | — | — | — | — | — | — | 0.1% | 19.4% | 24.5% |
| Payout Ratio | 2.8% | 2.8% | — | — | — | — | — | — | 6.0% | 787.4% | 756.0% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.1% | 2.0% | 2.2% | 1.5% | 0.6% | — | 1.9% | 1.9% | 1.2% | 2.5% | 3.3% |
| FCF Yield | 3.6% | 2.2% | 3.1% | 2.1% | 1.8% | — | 1.5% | 2.1% | 3.4% | 10.7% | 10.9% |
| Buyback Yield | 5.7% | 3.5% | 2.0% | 1.4% | 0.0% | 0.0% | 7.3% | 7.3% | 0.0% | 0.2% | 27.4% |
| Total Shareholder Yield | 5.7% | 3.6% | 2.0% | 1.4% | 0.0% | 0.0% | 7.3% | 7.3% | 0.1% | 19.6% | 51.9% |
| Shares Outstanding | — | $86M | $85M | $85M | $84M | $80M | $84M | $88M | $79M | $43M | $37M |
Peer Comparison
Compare PLNT with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 PLNTYou | $5B | 32.0 | 15.7 | 28.1 | 52.0% | 27.4% | — | 12.0% | 5.3 |
 XPOF | $247M | -4.5 | 7.9 | 10.0 | 75.6% | 25.3% | — | 75.0% | 5.7 |
 VNET | $3B | 92.9 | 15.4 | — | 22.2% | 8.1% | 2.7% | 2.4% | 8.3 |
 LTH | $7B | 20.2 | 18.0 | — | 47.6% | 16.1% | 13.0% | 4.4% | 8.7 |
 PTON | $2B | -17.3 | 58.8 | 6.8 | 50.9% | -1.5% | — | -3.9% | 36.9 |
 NFLX | $374B | 34.9 | 12.6 | 39.5 | 48.5% | 29.5% | 42.8% | 29.8% | 0.5 |
 WW | $118M | 0.1 | 3.7 | — | 71.8% | 6.5% | 332.0% | 7.4% | 4.1 |
 MNRO | $534M | -80.9 | 9.5 | 5.1 | 34.9% | 3.4% | -0.8% | 2.5% | 4.8 |
 SFM | $7B | 14.7 | 9.1 | 15.7 | 37.1% | 7.8% | 38.4% | 17.8% | 2.0 |
 HIMS | $7B | 52.7 | 44.5 | 93.8 | 59.3% | 5.2% | 25.2% | 10.7% | 6.4 |
 NKE | $52B | 20.3 | 12.4 | 16.0 | 42.7% | 8.0% | 23.3% | 16.7% | 2.4 |
| Consumer Cyclical Median | — | 19.6 | 11.4 | 15.0 | 36.9% | 2.9% | 5.6% | 5.8% | 4.4 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 12 years · Updated daily
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Start ComparisonPLNT — Frequently Asked Questions
Quick answers to the most common questions about buying PLNT stock.
What is Planet Fitness, Inc.'s P/E ratio?
Planet Fitness, Inc.'s current P/E ratio is 32.0x. The historical average is 66.5x. This places it at the 11th percentile of its historical range.
What is Planet Fitness, Inc.'s EV/EBITDA?
Planet Fitness, Inc.'s current EV/EBITDA is 15.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 27.0x.
Is PLNT stock overvalued?
Based on historical data, Planet Fitness, Inc. is trading at a P/E of 32.0x. This is at the 11th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Planet Fitness, Inc.'s dividend yield?
Planet Fitness, Inc.'s current dividend yield is 0.09% with a payout ratio of 2.8%.
What are Planet Fitness, Inc.'s profit margins?
Planet Fitness, Inc. has 52.0% gross margin and 27.4% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Planet Fitness, Inc. have?
Planet Fitness, Inc.'s Debt/EBITDA ratio is 5.3x, indicating high leverage. A ratio above 4x may signal elevated financial risk.