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Papa John's InternationalFRA:PP1 -2.96%67 Cyclically Adjusted PS Ratio is 0.46 as of Jul. 27, 2026, which is 68% below its 10-year median of 1.45. GuruFocus rates FRA:PP1 with a GF Score™ of 67/100 and a GF Value™ of €38.89 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 256 Restaurants companies, Papa John's International ranks better than 64.45% on this metric.
The historical rank and industry rank for Papa John's International's Cyclically Adjusted PS Ratio or its related term are showing as below:
FRA:PP1'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.45 Med: 1.45 Max: 3
Current: 0.45
During the past years, Papa John's International's highest Cyclically Adjusted PS Ratio was 3.00. The lowest was 0.45. And the median was 1.45.
FRA:PP1's Cyclically Adjusted PS Ratio is ranked better than 64.45% of 256
companies
in the Restaurants industry
Industry Median: 0.68
vs FRA:PP1: 0.45
The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.
Papa John's International's adjusted revenue per share data for the three months ended in Mar. 2026 was €12.528. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is €56.93 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Papa John's International (FRA:PP1) Cyclically Adjusted PS Ratio Explanation
Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.
Papa John's International Cyclically Adjusted PS Ratio Related Terms
Papa John's International Cyclically Adjusted PS Ratio Historical Data
* Premium members only.
The historical data trend for Papa John's International's Cyclically Adjusted PS 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 PS Ratio Chart
FRA:PP1 vs BH, CBRL, FWRG: Cyclically Adjusted PS Ratio Comparison
For the Restaurants subindustry, Papa John's International's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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 PS Ratio vs Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, Papa John's International's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Papa John's International's Cyclically Adjusted PS Ratio falls into.
Papa John's International Cyclically Adjusted PS Ratio Calculation
Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS 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 PS Ratio.
* 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.
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.
What does a Cyclically Adjusted PS Ratio of 0.46 mean?
Papa John's International (FRA:PP1) has a Cyclically Adjusted PS Ratio of 0.46 as of Jul. 27, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Papa John's International and its competitors. This is 68% below median its historical median of 1.45. Over the past decade, Papa John's International's Cyclically Adjusted PS Ratio has ranged from 0.45 to 3.00. According to the industry distribution chart, Papa John's International ranks #91 out of 256 companies in the Restaurants industry, placing it in the top 35.5%.
Is Papa John's International's Cyclically Adjusted PS Ratio too high?
Papa John's International's current Cyclically Adjusted PS Ratio of 0.46 is 68% below median its 10-year median of 1.45. Over the past 10 years, this metric has ranged from a low of 0.45 to a high of 3.00. The Restaurants industry median Cyclically Adjusted PS Ratio is 0.68. Papa John's International's value of 0.46 is 32.4% below this industry median. Based on the distribution chart, Papa John's International ranks #91 out of 256 companies in the Restaurants industry, which is above the industry midpoint. Overall, Papa John's International has a GF Score™ of 67/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Papa John's International's Cyclically Adjusted PS Ratio compare to BH and CBRL?
According to the Restaurants industry distribution chart, Papa John's International ranks #91 out of 256 companies for Cyclically Adjusted PS Ratio. This puts Papa John's International in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.68. Papa John's International's value of 0.46 is 32.4% below this benchmark. Historically, Papa John's International's own Cyclically Adjusted PS Ratio has ranged from 0.45 to 3.00 over the past decade. While the company's 10-year median is 1.45 vs. the industry median of 0.68, Papa John's International has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for a Restaurants company?
The median Cyclically Adjusted PS Ratio among Restaurants companies is 0.68, based on 256 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Papa John's International's current Cyclically Adjusted PS Ratio of 0.46 is 32.4% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Papa John's International and its competitors. For the Restaurants industry, the median Cyclically Adjusted PS Ratio is 0.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Papa John's International's current Cyclically Adjusted PS Ratio is 0.46, which is 68% below median its own 10-year median of 1.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Papa John's International stock overvalued right now?
Based on GuruFocus' analysis, Papa John's International (FRA:PP1) is currently considered Significantly Undervalued. The stock's GF Value™ is €38.89, compared to a current price of €26.20 — trading 32.6% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.46, which is 68% below median its 10-year median of 1.45 and 32.4% below the Restaurants industry median of 0.68. Papa John's International's overall GF Score™ is 67/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Papa John's International (FRA:PP1), the current Cyclically Adjusted PS Ratio is 0.46 as of Jul. 27, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Papa John's International (FRA:PP1) Overvalued in 2026?
Based on GuruFocus' analysis, Papa John's International stock appears to be undervalued.
The current stock price of €26.20 is trading 32.6% below its estimated GF Value™ of €38.89.
GuruFocus considers Papa John's International to be Significantly Undervalued.
Key valuation signals for FRA:PP1:
Cyclically Adjusted PS Ratio: 0.46 (68% below median its 10-year median of 1.45)
GF Value™: €38.89 vs. price of €26.20 (32.6% below fair value)
Industry Position: 32.4% below the Restaurants median (#91 of 256)
No single metric tells the full story. See the FRA:PP1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
67GF Score
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