Papa John's International (STU:PP1) Cyclically Adjusted PB Ratio: (As of Aug. 10, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

STU:PP1 Papa John's International Inc STU:PP1
64 GF Score
Price €20.60
GF Value €36.90
! 3 Warning Signs
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What is Papa John's International Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Papa John's International  (STU:PP1) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Papa John's International Cyclically Adjusted PB Ratio Related Terms


Papa John's International Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Papa John's International's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Papa John's International Cyclically Adjusted PB Ratio Chart

Papa John's International Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Papa John's International Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

STU:PP1 vs BH, CBRL, FWRG: Cyclically Adjusted PB Ratio Comparison

For the Restaurants subindustry, Papa John's International's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Papa John's International Cyclically Adjusted PB Ratio vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Papa John's International's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Papa John's International's Cyclically Adjusted PB Ratio falls into.


STU:PP1
64GF Score
Papa John's International Inc STU:PP1
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Papa John's International Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Papa John's International's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Papa John's International's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=-11.87/333.9520*333.9520
=-11.870

Current CPI (Jun. 2026) = 333.9520.

Papa John's International Quarterly Data

Book Value per Share CPI Adj_Book
201609 -0.596 241.428 -0.824
201612 -0.101 241.432 -0.140
201703 0.226 243.801 0.310
201706 0.221 244.955 0.301
201709 -1.409 246.819 -1.906
201712 -3.031 246.524 -4.106
201803 -6.724 249.554 -8.998
201806 -7.232 251.989 -9.584
201809 -7.927 252.439 -10.487
201812 -8.945 251.233 -11.890
201903 -9.259 254.202 -12.164
201906 -9.396 256.143 -12.250
201909 -9.867 256.759 -12.833
201912 -9.378 256.974 -12.187
202003 -9.690 258.115 -12.537
202006 -8.443 257.797 -10.937
202009 -7.534 260.280 -9.666
202012 -7.127 260.474 -9.137
202103 -6.564 264.877 -8.276
202106 -3.740 271.696 -4.597
202109 -3.579 274.310 -4.357
202112 -4.640 278.802 -5.558
202203 -5.703 287.504 -6.624
202206 -6.698 296.311 -7.549
202209 -7.900 296.808 -8.889
202212 -7.783 296.797 -8.757
202303 -14.178 301.836 -15.687
202306 -13.706 305.109 -15.002
202309 -13.712 307.789 -14.878
202312 -12.958 306.746 -14.107
202403 -13.032 312.332 -13.934
202406 -13.147 314.175 -13.975
202409 -11.897 315.301 -12.601
202412 -12.565 315.605 -13.295
202503 -12.208 319.799 -12.748
202506 -11.435 322.561 -11.839
202509 -11.416 324.800 -11.738
202512 -11.579 324.054 -11.933
202603 -11.809 330.213 -11.943
202606 -11.870 333.952 -11.870

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

Is Papa John's International (STU:PP1) Overvalued in 2026?

Based on GuruFocus' analysis, Papa John's International stock appears to be undervalued. The current stock price of €20.60 is trading 44.2% below its estimated GF Value™ of €36.90.

Key valuation signals for STU:PP1:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €36.90 vs. price of €20.60 (44.2% below fair value)
  • GF Score™: 64/100 with 3 warning signs

No single metric tells the full story. See the STU:PP1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Papa John's International Business Description

Address 2002 Papa John\'s Boulevard, Louisville, KY, USA, 40299-2367
Papa John's International Inc operates and franchises pizza delivery and carryout restaurants and, in certain international markets, dine-in and delivery restaurants. It has four defined reportable segments: Domestic Company-owned restaurants, North America franchising, North America commissaries, and International. The company derives maximum revenue from North America commissaries segment. The North America commissaries segment consists of the operations of its regional dough production and product distribution centers in the United States and Canada and derives its revenues principally from the sale and distribution of food and paper products to Domestic Company-owned and franchised restaurants in the United States and Canada.
64GF Score

Get the complete analysis for STU:PP1

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€20.60
Price
€36.90
GF Value