Papa John's International, Inc.

DB:PP1 Stock Report

Market Cap: €886.6m

Papa John's International Valuation

Is PP1 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of PP1 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: PP1 (€26.6) is trading below our estimate of future cash flow value (€32.48)

Significantly Below Future Cash Flow Value: PP1 is trading below future cash flow value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for PP1?

Key metric: As PP1 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for PP1. This is calculated by dividing PP1's market cap by their current earnings.
What is PP1's PE Ratio?
PE Ratio36.7x
EarningsUS$27.50m
Market CapUS$1.02b

Price to Earnings Ratio vs Peers

How does PP1's PE Ratio compare to its peers?

The above table shows the PE ratio for PP1 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average11.8x
TIMA ZEAL Network
22.8x16.31%€913.6m
0QM Angler Gaming
5.3x13.85%€360.7m
TUI1 TUI
5.6x10.87%€3.9b
DOM Domino's Pizza Group
13.6x10.03%UK£838.5m
PP1 Papa John's International
36.7x37.29%€1.0b

Price-To-Earnings vs Peers: PP1 is expensive based on its Price-To-Earnings Ratio (36.7x) compared to the peer average (11.9x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does PP1's PE Ratio compare vs other companies in the European Hospitality Industry?

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
PP1 36.7xIndustry Avg. 18.3xNo. of Companies17PE01224364860+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: PP1 is expensive based on its Price-To-Earnings Ratio (36.7x) compared to the European Hospitality industry average (18.4x).

Price to Earnings Ratio vs Fair Ratio

What is PP1's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

PP1 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio36.7x
Fair PE Ratio21.6x

Price-To-Earnings vs Fair Ratio: PP1 is expensive based on its Price-To-Earnings Ratio (36.7x) compared to the estimated Fair Price-To-Earnings Ratio (21.6x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst PP1 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€26.60
€31.90
+19.93%
14.00%€39.01€26.01n/a10
Jul ’27€29.80
€33.19
+11.37%
13.78%€39.41€26.27n/a10
Jun ’27€28.60
€32.49
+13.59%
13.78%€38.57€25.72n/a10
May ’27€29.80
€32.66
+9.59%
15.72%€42.67€27.31n/a11
Apr ’27€27.49
€32.92
+19.75%
15.56%€43.42€27.79n/a11
Mar ’27€26.12
€33.76
+29.25%
17.92%€45.68€27.07n/a11
Feb ’27€29.40
€39.40
+34.02%
14.80%€50.59€33.73n/a11
Jan ’27€33.10
€40.68
+22.91%
13.74%€51.07€34.04n/a10
Dec ’26€35.09
€41.46
+18.14%
13.74%€52.04€34.69n/a10
Nov ’26€43.67
€44.22
+1.25%
16.53%€57.53€36.06n/a10
Oct ’26€41.24
€44.34
+7.52%
17.03%€57.02€35.75n/a10
Sep ’26€41.27
€44.73
+8.39%
17.03%€57.53€36.06n/a10
Aug ’26€35.82
€40.19
+12.19%
16.08%€51.63€32.70€26.0010
Jul ’26€41.18
€39.65
-3.72%
16.08%€50.94€32.26€29.8010
Jun ’26€38.41
€42.65
+11.05%
18.70%€58.10€33.45€28.6011
May ’26€28.46
€44.29
+55.64%
18.55%€58.05€31.66€29.8011
Apr ’26€37.60
€52.01
+38.32%
15.05%€61.38€37.20€27.4913
Mar ’26€43.80
€54.44
+24.29%
13.85%€63.64€43.39€26.1213
Feb ’26€37.60
€54.49
+44.93%
16.58%€68.64€40.04€29.4014
Jan ’26€37.80
€58.63
+55.12%
11.85%€70.48€43.45€33.1014
Dec ’25€47.00
€57.00
+21.28%
11.85%€68.52€42.24€35.0914
Nov ’25€50.00
€53.47
+6.94%
16.37%€70.13€41.53€43.6714
Oct ’25€47.40
€50.02
+5.53%
16.69%€67.95€40.23€41.2415
Sep ’25€42.60
€50.02
+17.42%
16.69%€67.95€40.23€41.2715
Aug ’25€40.60
€58.74
+44.67%
17.34%€83.25€41.63€35.8214
€31.87
Fair Value
16.5% undervalued intrinsic discount
10
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/08/04 19:49
End of Day Share Price 2026/08/04 00:00
Earnings2026/03/29
Annual Earnings2025/12/28

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Papa John's International, Inc. is covered by 24 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Todd BrooksBenchmark Company
Andrew StrelzikBMO Capital Markets Equity Research
Sara SenatoreBofA Global Research