Planet Fitness, Inc. (PLNT) Financial Ratios
13 years of historical data (2013–2025) · Consumer Cyclical · Leisure
EV/EBITDA
↓
7.82
↓-69% vs avg
5yr avg: 25.31
30Y Low9.8·High68.1
P/FCF
↓
16.52
↓-62% vs avg
5yr avg: 43.27
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
↓
0.80
↓-86% vs avg
5yr avg: 5.56
30Y Low0.8·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 20.2x earnings, 73% below its 5-year average of 76.1x, sitting at the 0th percentile of its historical range. This is roughly in line with the Consumer Cyclical sector median P/E of 21.2x. On a free-cash-flow basis, the stock trades at 16.5x P/FCF, 62% below the 5-year average of 43.3x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $4.2B | $9.1B | $8.5B | $6.2B | $6.7B | $7.6B | $6.2B | $6.2B | $4.7B | $2.7B | $870M |
| Enterprise Value | $4.3B | $9.2B | $10.8B | $8.3B | $8.6B | $9.0B | $7.7B | $7.7B | $5.6B | $3.3B | $1.5B |
| P/E Ratio → | 20.22 | 41.40 | 49.44 | 45.06 | 66.78 | 177.61 | — | 52.96 | 53.62 | 82.45 | 40.20 |
| P/S Ratio | 3.18 | 6.86 | 7.18 | 5.80 | 7.11 | 12.95 | 15.33 | 9.07 | 8.21 | 6.36 | 2.30 |
| P/B Ratio | — | — | — | — | — | — | — | — | — | — | — |
| P/FCF | 16.52 | 35.65 | 44.94 | 32.01 | 47.54 | 56.20 | — | 66.78 | 48.08 | 29.31 | 9.32 |
| P/OCF | 10.06 | 21.70 | 24.68 | 18.83 | 27.73 | 40.15 | 200.20 | 30.56 | 25.49 | 20.87 | 8.00 |
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 7.8x EBITDA, 69% below its 5-year average of 25.3x. The Consumer Cyclical sector median is 12.2x, placing the stock at a 36% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 6.93 | 9.11 | 7.75 | 9.17 | 15.35 | 19.01 | 11.13 | 9.75 | 7.73 | 4.07 |
| EV / EBITDA | 7.82 | 16.68 | 22.22 | 19.67 | 24.27 | 43.69 | 68.06 | 27.61 | 25.42 | 18.51 | 10.43 |
| EV / EBIT | 10.91 | 22.15 | 31.05 | 28.25 | 34.36 | 67.65 | 114.37 | 32.76 | 30.59 | 7.16 | 13.15 |
| EV / FCF | — | 36.03 | 57.03 | 42.76 | 61.31 | 66.62 | — | 81.99 | 57.10 | 35.64 | 16.47 |
PLNT Profitability
Margins and return-on-capital ratios measuring operating efficiency
Planet Fitness, Inc. earns an operating margin of 29.8%, significantly above the Consumer Cyclical sector average of 2.0%. Operating margins have expanded from 25.5% to 29.8% over the past 3 years, signaling improving operational efficiency. ROIC of 35.2% represents excellent returns on invested capital versus a sector median of 5.2%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 82.6% | 82.6% | 52.0% | 52.0% | 50.6% | 53.8% | 45.9% | 52.0% | 51.1% | 55.8% | 51.8% |
| Operating Margin | 29.8% | 29.8% | 27.4% | 25.5% | 24.6% | 24.4% | 14.7% | 33.8% | 32.1% | 34.3% | 30.6% |
| Net Profit Margin | 16.5% | 16.5% | 14.6% | 12.9% | 10.6% | 7.3% | -3.7% | 17.1% | 15.4% | 7.7% | 5.7% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | — | — | — | — | — | — | — | — | — | — |
| ROA | 7.1% | 7.1% | 5.7% | 4.7% | 4.1% | 2.2% | -0.8% | 7.7% | 7.2% | 3.2% | 2.5% |
| ROIC | 35.2% | 35.2% | 12.0% | 11.1% | 13.9% | 13.8% | 6.0% | 28.8% | 28.9% | 24.4% | 19.1% |
| ROCE | 14.2% | 14.2% | 11.8% | 10.2% | 10.3% | 8.0% | 3.6% | 16.7% | 16.7% | 15.5% | 14.9% |
PLNT Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Planet Fitness, Inc. carries a Debt/EBITDA ratio of 0.8x, which is very conservative (83% below the sector average of 4.8x). Net debt stands at $97M ($443M total debt minus $346M cash). Interest coverage of 3.8x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | — | — | — | — | — | — | — | — | — |
| Debt / EBITDA | 0.80 | 0.80 | 5.32 | 5.60 | 6.61 | 9.48 | 17.05 | 6.69 | 5.34 | 3.92 | 4.81 |
| Net Debt / Equity | — | — | — | — | — | — | — | — | — | — | — |
| Net Debt / EBITDA | 0.18 | 0.18 | 4.71 | 4.95 | 5.45 | 6.84 | 13.18 | 5.12 | 4.02 | 3.29 | 4.53 |
| Debt / FCF | — | 0.38 | 12.09 | 10.76 | 13.78 | 10.42 | — | 15.20 | 9.03 | 6.33 | 7.16 |
| Interest Coverage | 3.83 | 3.83 | 3.47 | 3.40 | 2.82 | 1.64 | 0.82 | 3.85 | 3.60 | 13.17 | 4.32 |
PLNT Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Planet Fitness, Inc.'s current ratio of 2.11x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has improved from 1.88x to 2.11x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.11 | 2.11 | 2.08 | 1.88 | 2.27 | 3.75 | 5.07 | 3.71 | 2.96 | 1.58 | 1.10 |
| Quick Ratio | 2.08 | 2.08 | 2.06 | 1.86 | 2.25 | 3.74 | 5.06 | 3.71 | 2.92 | 1.56 | 1.07 |
| Cash Ratio | 1.45 | 1.45 | 1.44 | 1.40 | 1.68 | 3.09 | 3.93 | 3.00 | 2.20 | 1.01 | 0.49 |
| Asset Turnover | — | 0.43 | 0.38 | 0.36 | 0.33 | 0.29 | 0.22 | 0.40 | 0.42 | 0.39 | 0.38 |
| Inventory Turnover | 30.38 | 30.38 | 92.20 | 109.84 | 87.87 | 234.76 | 465.13 | 377.09 | 54.72 | 70.55 | 101.24 |
| Days Sales Outstanding | — | 28.81 | 29.82 | 19.17 | 25.98 | 27.64 | 34.70 | 27.79 | 37.16 | 48.22 | 40.88 |
PLNT Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Planet Fitness, Inc. returns 11.9% to shareholders annually — split between a 0.0% dividend yield and 11.9% buyback yield. The payout ratio of 0.7% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 4.9% (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 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.0% | 0.0% | 0.1% | 0.1% | 0.1% | 0.0% | 0.0% | 0.1% | 0.2% | 0.5% | 34.8% |
| Payout Ratio | 0.7% | 0.7% | 2.8% | 3.3% | 4.7% | 1.8% | — | 6.5% | 10.5% | 40.2% | 1408.6% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.9% | 2.4% | 2.0% | 2.2% | 1.5% | 0.6% | — | 1.9% | 1.9% | 1.2% | 2.5% |
| FCF Yield | 6.1% | 2.8% | 2.2% | 3.1% | 2.1% | 1.8% | — | 1.5% | 2.1% | 3.4% | 10.7% |
| Buyback Yield | 11.9% | 5.5% | 3.5% | 2.0% | 1.4% | 0.0% | 0.0% | 7.3% | 7.3% | 0.0% | 0.2% |
| Total Shareholder Yield | 11.9% | 5.5% | 3.6% | 2.1% | 1.5% | 0.0% | 0.0% | 7.5% | 7.5% | 0.5% | 35.0% |
| Shares Outstanding | — | $84M | $86M | $85M | $85M | $84M | $80M | $84M | $88M | $79M | $43M |
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 | $4B | 20.2 | 7.8 | 16.5 | 82.6% | 29.8% | — | 35.2% | 0.8 |
 XPOF | $255M | -4.6 | 8.1 | 10.3 | 75.6% | 25.3% | — | 69.7% | 5.7 |
 VNET | $2B | -65.8 | 13.7 | — | 22.0% | 7.6% | -3.2% | 2.1% | 10.0 |
 LTH | $8B | 22.2 | 18.9 | — | 47.6% | 16.1% | 13.0% | 4.4% | 8.7 |
 PTON | $2B | -19.2 | 61.7 | 7.3 | 50.9% | -1.5% | — | -3.9% | 36.9 |
 NFLX | $328B | 30.6 | 11.1 | 34.7 | 48.5% | 29.5% | 42.8% | 29.8% | 0.5 |
 WW | $192M | 0.2 | 4.4 | — | 71.8% | 6.5% | 332.0% | 7.4% | 4.1 |
 MNRO | $467M | 565.5 | 12.2 | 12.0 | 35.0% | 1.3% | 0.4% | 1.1% | 6.3 |
 SFM | $8B | 15.2 | 9.3 | 16.2 | 37.1% | 7.8% | 38.4% | 17.8% | 2.0 |
 HIMS | $8B | 69.5 | 55.1 | 105.3 | 73.8% | 4.5% | 25.2% | 8.6% | 7.9 |
 NKE | $54B | 20.9 | 12.7 | 16.5 | 42.7% | 8.0% | 23.3% | 16.7% | 2.4 |
| Consumer Cyclical Median | — | 21.2 | 12.2 | 15.6 | 36.2% | 2.0% | 5.3% | 5.2% | 4.8 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 13 years · Updated daily
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PLNT — 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 20.2x. The historical average is 64.0x.
What is Planet Fitness, Inc.'s EV/EBITDA?
Planet Fitness, Inc.'s current EV/EBITDA is 7.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 26.0x.
Is PLNT stock overvalued?
Based on historical data, Planet Fitness, Inc. is trading at a P/E of 20.2x. 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 0.03% with a payout ratio of 0.7%.
What are Planet Fitness, Inc.'s profit margins?
Planet Fitness, Inc. has 82.6% gross margin and 29.8% 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 0.8x, indicating low leverage. A ratio below 2x is generally considered financially healthy.