Papa John's International, Inc. (PZZA) P/E Ratio History
UndervaluedTrading at 22.4x vs 5Y avg 37.3x · 20th percentile · Below historical baseline · Data 1993–2026
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P/E Ratio Analysis
As of September 24, 2026, Papa John's International, Inc. (PZZA) trades at a price-to-earnings ratio of 22.4x, with a stock price of $20.15 and trailing twelve-month earnings per share of $0.83.
The current P/E is 40% below its 5-year average of 37.3x. Over the past five years, PZZA's P/E has ranged from a low of 16.3x to a high of 89.5x, placing the current valuation at the 20th percentile of its historical range.
Compared to the Consumer Cyclical sector median P/E of 19.1x, PZZA trades at a 17% premium to its sector peers. The sector includes 310 companies with P/E ratios ranging from 0.0x to 184.9x.
Relative to the broader market, PZZA trades roughly in line with the S&P 500 median P/E of 25.3x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our PZZA DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
PZZA Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
PZZA P/E vs Peers
Pizza Chains peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $10B | 16.9 | 2.33 | +5% | |
| $39B | 25.3 | 1.86 | +7% | |
| $25B | 30.5 | 3.82 | -26% | |
| $169B | 19.9 | 1.46 | +5% | |
| $322M | 15.2 | - | +17% | |
| $107B | 57.8 | 3.71 | -51% | |
| $42B | 28.7 | 0.81 | +3% | |
| $1B | 7.9Lowest | 0.77Best | -11% | |
| $2B | 53.6 | - | +354%Best |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
PZZA Historical P/E Data (1993–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q2 | Jun 28 2026 | $36.79 | $0.79 | 46.6x | -4% |
| FY2026 Q1 | Mar 29 2026 | $31.76 | $0.83 | 38.3x | -21% |
| FY2025 Q4 | Dec 28 2025 | $39.30 | $0.89 | 44.2x | -9% |
| FY2025 Q3 | Sep 28 2025 | $47.00 | $1.12 | 42.0x | -13% |
| FY2025 Q2 | Jun 29 2025 | $48.69 | $2.26 | 21.5x | -55% |
| FY2025 Q1 | Mar 30 2025 | $39.84 | $2.35 | 17.0x | -65% |
| FY2024 Q4 | - | $41.07 | $2.52 | 16.3x | -66% |
| FY2024 Q3 | Sep 29 2024 | $52.94 | $2.87 | 18.4x | -62% |
| FY2024 Q2 | Jun 30 2024 | $46.98 | $2.08 | 22.6x | -53% |
| FY2024 Q1 | Mar 31 2024 | $66.60 | $2.25 | 29.6x | -39% |
| FY2023 Q4 | Dec 31 2023 | $76.23 | $2.46 | 31.0x | -36% |
| FY2023 Q3 | Sep 24 2023 | $71.68 | $2.33 | 30.8x | -36% |
| FY2023 Q2 | Jun 25 2023 | $70.87 | $2.08 | 34.1x | -30% |
| FY2023 Q1 | Mar 26 2023 | $76.25 | $2.24 | 34.0x | -30% |
| FY2022 Q4 | Dec 31 2022 | $82.31 | $1.88 | 43.8x | -10% |
| FY2022 Q3 | Sep 25 2022 | $75.15 | $1.89 | 39.8x | -18% |
| FY2022 Q2 | Jun 26 2022 | $83.62 | $2.45 | 34.1x | -29% |
| FY2021 Q1 | Mar 28 2021 | $88.42 | $1.93 | 45.8x | -5% |
| FY2020 Q4 | - | $84.85 | $1.26 | 67.3x | +39% |
| FY2020 Q3 | Sep 27 2020 | $81.64 | $0.91 | 89.5x | +85% |
| FY2020 Q2 | Jun 28 2020 | $79.02 | $0.46 | 170.8x | +253% |
| FY2020 Q1 | Mar 29 2020 | $50.59 | $0.13 | 381.5x | +688% |
| FY2018 Q4 | Dec 31 2018 | $39.81 | $0.02 | 1990.5x | +4013% |
| FY2018 Q3 | Sep 30 2018 | $51.28 | $1.27 | 40.4x | -17% |
| FY2018 Q2 | Jul 01 2018 | $50.72 | $2.28 | 22.2x | -54% |
| FY2018 Q1 | Apr 01 2018 | $57.30 | $2.58 | 22.2x | -54% |
| FY2017 Q4 | Dec 31 2017 | $56.11 | $2.83 | 19.8x | -59% |
| FY2017 Q3 | Sep 24 2017 | $72.96 | $2.90 | 25.2x | -48% |
| FY2017 Q2 | Jun 25 2017 | $73.96 | $2.87 | 25.8x | -47% |
| FY2017 Q1 | Mar 26 2017 | $76.43 | $2.83 | 27.0x | -44% |
| FY2016 Q4 | Dec 31 2016 | $85.58 | $2.75 | 31.1x | -36% |
| FY2016 Q3 | Sep 25 2016 | $82.18 | $2.49 | 33.0x | -32% |
| FY2016 Q2 | Jun 26 2016 | $66.69 | $2.37 | 28.1x | -42% |
| FY2016 Q1 | Mar 27 2016 | $54.73 | $2.03 | 27.0x | -44% |
| FY2015 Q4 | - | $55.87 | $1.89 | 29.6x | -39% |
| FY2015 Q3 | Sep 27 2015 | $69.43 | $1.79 | 38.8x | -20% |
| FY2015 Q2 | Jun 28 2015 | $76.26 | $1.73 | 44.1x | -9% |
| FY2015 Q1 | Mar 29 2015 | $62.23 | $1.86 | 33.5x | -31% |
| FY2014 Q4 | Dec 31 2014 | $55.80 | $1.76 | 31.7x | -34% |
| FY2014 Q3 | Sep 28 2014 | $40.51 | $1.65 | 24.6x | -49% |
| FY2014 Q2 | Jun 29 2014 | $42.45 | $1.58 | 26.9x | -44% |
| FY2014 Q1 | Mar 30 2014 | $51.51 | $1.57 | 32.8x | -32% |
| FY2013 Q4 | - | $45.40 | $1.54 | 29.5x | -39% |
| FY2013 Q3 | Sep 29 2013 | $35.29 | $1.50 | 23.5x | -51% |
| FY2013 Q2 | Jun 30 2013 | $32.69 | $1.46 | 22.4x | -54% |
| FY2013 Q1 | Mar 31 2013 | $30.91 | $1.37 | 22.6x | -53% |
| FY2012 Q4 | Dec 31 2012 | $27.46 | $1.30 | 21.1x | -56% |
| FY2012 Q3 | Sep 23 2012 | $26.32 | $1.25 | 21.1x | -56% |
| FY2012 Q2 | Jun 24 2012 | $23.25 | $1.19 | 19.5x | -60% |
| FY2012 Q1 | Mar 25 2012 | $18.59 | $1.13 | 16.5x | -66% |
| FY2011 Q4 | Dec 31 2011 | $18.84 | $1.09 | 17.3x | -64% |
| FY2011 Q3 | Sep 25 2011 | $14.99 | $1.06 | 14.1x | -71% |
| FY2011 Q2 | Jun 26 2011 | $16.21 | $0.99 | 16.4x | -66% |
| FY2011 Q1 | Mar 27 2011 | $15.16 | $1.00 | 15.2x | -69% |
| FY2010 Q4 | Dec 31 2010 | $13.85 | $1.00 | 13.8x | -71% |
| FY2010 Q3 | Sep 26 2010 | $13.13 | $0.97 | 13.5x | -72% |
| FY2010 Q2 | Jun 27 2010 | $12.20 | $1.03 | 11.8x | -76% |
| FY2010 Q1 | Mar 28 2010 | $12.51 | $1.04 | 12.0x | -75% |
| FY2009 Q4 | - | $11.68 | $1.05 | 11.1x | -77% |
| FY2009 Q3 | Sep 27 2009 | $12.21 | $1.02 | 12.0x | -75% |
| FY2009 Q2 | Jun 28 2009 | $12.27 | $0.95 | 12.9x | -73% |
| FY2009 Q1 | Mar 29 2009 | $11.87 | $0.83 | 14.3x | -70% |
| FY2008 Q4 | Dec 31 2008 | $9.21 | $0.66 | 14.0x | -71% |
| FY2008 Q3 | Sep 28 2008 | $14.24 | $0.56 | 25.4x | -47% |
| FY2008 Q2 | Jun 29 2008 | $13.29 | $0.50 | 26.6x | -45% |
| FY2008 Q1 | Mar 30 2008 | $12.21 | $0.48 | 25.4x | -47% |
| FY2007 Q4 | Dec 31 2007 | $11.35 | $0.55 | 20.6x | -57% |
| FY2007 Q3 | Sep 30 2007 | $12.22 | $0.71 | 17.2x | -64% |
| FY2007 Q2 | Jul 01 2007 | $14.38 | $0.83 | 17.3x | -64% |
| FY2007 Q1 | Apr 01 2007 | $14.70 | $0.94 | 15.6x | -68% |
| FY2006 Q4 | Dec 31 2006 | $14.50 | $0.96 | 15.1x | -69% |
| FY2006 Q3 | Sep 24 2006 | $17.65 | $0.88 | 20.1x | -59% |
| FY2006 Q2 | Jun 25 2006 | $15.86 | $0.84 | 18.9x | -61% |
| FY2006 Q1 | Mar 26 2006 | $16.42 | $0.77 | 21.3x | -56% |
| FY2005 Q4 | Dec 31 2005 | $14.83 | $0.68 | 21.8x | -55% |
| FY2005 Q3 | Sep 25 2005 | $12.10 | $0.61 | 19.8x | -59% |
| FY2005 Q2 | Jun 26 2005 | $9.93 | $0.57 | 17.4x | -64% |
| FY2005 Q1 | Mar 27 2005 | $8.93 | $0.37 | 23.9x | -51% |
| FY2004 Q4 | Dec 31 2004 | $8.61 | $0.34 | 25.1x | -48% |
| FY2004 Q3 | Sep 26 2004 | $7.51 | $0.31 | 24.0x | -50% |
| FY2004 Q2 | Jun 27 2004 | $7.38 | $0.24 | 30.7x | -37% |
| FY2004 Q1 | Mar 28 2004 | $8.68 | $0.43 | 20.3x | -58% |
| FY2003 Q4 | Dec 31 2003 | $8.35 | $0.46 | 18.3x | -62% |
| FY2003 Q3 | Sep 28 2003 | $6.19 | $0.50 | 12.4x | -74% |
| FY2003 Q2 | Jun 29 2003 | $7.01 | $0.58 | 12.1x | -75% |
| FY2003 Q1 | Mar 30 2003 | $6.47 | $0.58 | 11.2x | -77% |
| FY2002 Q4 | - | $6.97 | $0.58 | 12.0x | -75% |
| FY2002 Q3 | Sep 29 2002 | $7.41 | $0.56 | 13.2x | -73% |
| FY2002 Q2 | Jun 30 2002 | $8.35 | $0.55 | 15.2x | -69% |
| FY2002 Q1 | Mar 31 2002 | $6.97 | $0.54 | 12.9x | -73% |
| FY2001 Q4 | Dec 31 2001 | $6.87 | $0.53 | 13.0x | -73% |
| FY2001 Q3 | Sep 30 2001 | $6.51 | $0.36 | 18.3x | -62% |
| FY2001 Q2 | Jul 01 2001 | $6.34 | $0.36 | 17.8x | -63% |
| FY2001 Q1 | Apr 01 2001 | $5.95 | $0.35 | 17.2x | -65% |
| FY2000 Q4 | Dec 31 2000 | $5.56 | $0.32 | 17.6x | -64% |
| FY2000 Q3 | Sep 24 2000 | $5.73 | $0.45 | 12.7x | -74% |
| FY2000 Q2 | Jun 25 2000 | $5.69 | $0.43 | 13.2x | -73% |
| FY2000 Q1 | Mar 26 2000 | $8.33 | $0.40 | 20.8x | -57% |
| FY1999 Q4 | Dec 31 1999 | $6.52 | $0.38 | 17.0x | -65% |
| FY1999 Q3 | Sep 26 1999 | $10.25 | $0.37 | 27.3x | -43% |
| FY1999 Q2 | Jun 27 1999 | $10.66 | $0.35 | 30.7x | -37% |
| FY1999 Q1 | Mar 28 1999 | $11.00 | $0.32 | 34.7x | -28% |
| FY1998 Q4 | - | $11.03 | $0.26 | 41.7x | -14% |
| FY1998 Q3 | Sep 27 1998 | $8.69 | $0.25 | 35.4x | -27% |
| FY1998 Q2 | - | $9.86 | $0.23 | 42.8x | -12% |
| FY1998 Q1 | Mar 29 1998 | $9.72 | $0.21 | 45.6x | -6% |
| FY1997 Q4 | Dec 31 1997 | $8.72 | $0.22 | 39.5x | -18% |
| FY1997 Q3 | - | $8.55 | $0.21 | 40.9x | -15% |
| FY1997 Q2 | Jun 29 1997 | $8.75 | $0.19 | 45.1x | -7% |
| FY1997 Q1 | Mar 31 1997 | $6.59 | $0.18 | 36.8x | -24% |
| FY1996 Q4 | - | $8.44 | $0.16 | 51.5x | +6% |
| FY1996 Q3 | Sep 30 1996 | $8.75 | $0.15 | 58.8x | +22% |
| FY1996 Q2 | Jun 30 1996 | $8.13 | $0.13 | 60.8x | +26% |
| FY1996 Q1 | Mar 31 1996 | $7.44 | $0.12 | 61.3x | +27% |
| FY1995 Q4 | Dec 31 1995 | $4.58 | $0.11 | 41.2x | -15% |
| FY1995 Q3 | Sep 30 1995 | $5.00 | $0.10 | 49.2x | +2% |
| FY1995 Q2 | Jun 30 1995 | $3.89 | $0.09 | 41.3x | -15% |
| FY1995 Q1 | Mar 31 1995 | $3.99 | $0.09 | 46.0x | -5% |
| FY1994 Q4 | Dec 31 1994 | $3.19 | $0.08 | 40.3x | -17% |
| FY1994 Q3 | Sep 30 1994 | $3.06 | $0.07 | 44.7x | -8% |
| FY1994 Q2 | - | $2.72 | $0.06 | 44.7x | -8% |
| FY1994 Q1 | - | $3.25 | $0.05 | 60.9x | +26% |
| FY1993 Q4 | Dec 31 1993 | $3.03 | $0.05 | 62.6x | +29% |
Average P/E for displayed period: 48.4x
PZZA Chart Terminal
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Intrinsic Valuation
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Historical Returns
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Peer Comparison
Compare growth, multiples, and margins vs sector.
PZZA — Frequently Asked Questions
Quick answers to the most common questions about buying PZZA stock.
What is PZZA's P/E ratio?
Papa John's International, Inc. (PZZA) trailing twelve-month P/E ratio is 22.4x, based on TTM diluted EPS of $0.83. The 5-year average P/E is 37.3x and the historical range spans 16.3x to 89.5x.
Is PZZA stock overvalued or undervalued?
PZZA trades at 22.4x P/E, below its 5-year average of 37.3x. At the 20th percentile of its historical range (16.3x–89.5x), the stock is priced at a discount to its own history.
Is PZZA stock expensive?
No, PZZA is not expensive on a historical basis. The current P/E of 22.4x is below the 5-year average of 37.3x and sits at the 20th percentile of its valuation range.
What is PZZA's historical P/E range?
Over the past 5 years, PZZA's P/E ratio has ranged from 16.3x to 89.5x, with a median of 34.1x and an average of 37.3x. The current P/E of 22.4x places the stock at the 20th percentile of this range. Full historical data spans 1993–2026.
How does PZZA's P/E compare to the S&P 500?
PZZA trades at 22.4x P/E versus the S&P 500 median of 25.3x. The 11% discount to the market suggests lower growth expectations or perceived higher risk.
How does PZZA's valuation compare to Consumer Cyclical peers?
Papa John's International, Inc. P/E of 22.4x compares to the Consumer Cyclical sector median of 19.1x. The premium reflects expected growth above peers or stronger fundamentals. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is PZZA's PEG ratio?
PZZA PEG ratio is N/A, based on a P/E of 22.4x and EPS growth of -64.6%. PEG normalises P/E by growth and helps compare stocks with different earnings trajectories.
What is PZZA's earnings yield?
PZZA earnings yield is 4.47%, the inverse of its 22.4x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.