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PZZA (Papa John's International) E10 : $1.81 (As of Dec. 2024)


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What is Papa John's International E10?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Papa John's International's adjusted earnings per share data for the three months ended in Dec. 2024 was $0.440. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $1.81 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Papa John's International's average E10 Growth Rate was 4.00% per year. During the past 3 years, the average E10 Growth Rate was 6.00% per year. During the past 5 years, the average E10 Growth Rate was 3.80% per year. During the past 10 years, the average E10 Growth Rate was 3.80% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Papa John's International was 17.20% per year. The lowest was -2.50% per year. And the median was 9.60% per year.

As of today (2025-03-14), Papa John's International's current stock price is $43.35. Papa John's International's E10 for the quarter that ended in Dec. 2024 was $1.81. Papa John's International's Shiller PE Ratio of today is 23.95.

During the past 13 years, the highest Shiller PE Ratio of Papa John's International was 93.18. The lowest was 19.90. And the median was 46.97.


Papa John's International E10 Historical Data

The historical data trend for Papa John's International's E10 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.

* Premium members only.

Papa John's International E10 Chart

Papa John's International Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.54 1.52 1.64 1.74 1.81

Papa John's International Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
E10 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 1.74 1.76 1.75 1.83 1.81

Competitive Comparison of Papa John's International's E10

For the Restaurants subindustry, Papa John's International's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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's Shiller PE Ratio Distribution in the Restaurants Industry

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

* The bar in red indicates where Papa John's International's Shiller PE Ratio falls into.



Papa John's International E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

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.

For example, Papa John's International's adjusted earnings per share data for the three months ended in Dec. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=0.44/133.1571*133.1571
=0.440

Current CPI (Dec. 2024) = 133.1571.

Papa John's International Quarterly Data

per share eps CPI Adj_EPS
201503 0.550 99.621 0.735
201506 0.270 100.684 0.357
201509 0.450 100.392 0.597
201512 0.620 99.792 0.827
201603 0.690 100.470 0.914
201606 0.610 101.688 0.799
201609 0.570 101.861 0.745
201612 0.880 101.863 1.150
201703 0.770 102.862 0.997
201706 0.650 103.349 0.837
201709 0.600 104.136 0.767
201712 0.810 104.011 1.037
201803 0.520 105.290 0.658
201806 0.350 106.317 0.438
201809 -0.420 106.507 -0.525
201812 -0.440 105.998 -0.553
201903 -0.120 107.251 -0.149
201906 0.150 108.070 0.185
201909 -0.100 108.329 -0.123
201912 -0.180 108.420 -0.221
202003 0.150 108.902 0.183
202006 0.480 108.767 0.588
202009 0.350 109.815 0.424
202012 0.280 109.897 0.339
202103 0.820 111.754 0.977
202106 -2.300 114.631 -2.672
202109 0.790 115.734 0.909
202112 0.670 117.630 0.758
202203 0.290 121.301 0.318
202206 0.700 125.017 0.746
202209 0.230 125.227 0.245
202212 0.660 125.222 0.702
202303 0.650 127.348 0.680
202306 0.540 128.729 0.559
202309 0.480 129.860 0.492
202312 0.800 129.419 0.823
202403 0.440 131.776 0.445
202406 0.370 132.554 0.372
202409 1.270 133.029 1.271
202412 0.440 133.157 0.440

Add all the adjusted EPS together and divide 10 will get our e10.


Papa John's International  (NAS:PZZA) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Papa John's International's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=43.35/1.81
=23.95

* 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.

During the past 13 years, the highest Shiller P/E Ratio of Papa John's International was 93.18. The lowest was 19.90. And the median was 46.97.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Papa John's International E10 Related Terms

Thank you for viewing the detailed overview of Papa John's International's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


Papa John's International Business Description

Traded in Other Exchanges
Address
2002 Papa John's Boulevard, Louisville, KY, USA, 40299-2367
Papa John's is one of the largest players in the global QSR, or quick-service restaurant, pizza market, boasting more than 5,900 restaurants across nearly 50 countries at the end of 2023. The firm operates a predominantly franchised system, owning 11% of its restaurants and generating revenue from franchise royalties, sales of pizza and related products at its company-owned stores, and sales from its commissary supply chain. The firm is the fourth-largest limited-service pizza chain both in the US and globally, with a sizable presence in the UK, China, South Korea, and Chile.
Executives
Christopher L. Coleman director P.O. BOX 99900, LOUISVILLE KY 40269
Ravi Thanawala officer: Chief Financial Officer 788 CIRCLE 75 PARKWAY, ATLANTA GA 30339
Laurette T Koellner director
John W Garratt director 100 MISSION RIDGE, GOODLETTSVILLE TN 37072
Stephen L Gibbs director C/O SCIENTIFIC GAMES CORPORATION, 1500 BLUEGRASS LAKES PARKWAY, ALPHARETTA, GA 30004
John C Miller director
Christopher K Collins officer: VP, Treasury and Tax 788 CIRCLE 75 PARKWAY, ATLANTA GA 30339
Marvin Boakye officer: Chief People Officer PO BOX 99900, LOUISVILLE KY 40269
Olivia F Kirtley director 6655 LANCER BLVD, SAN ANTONIO TX 78219
Robert Lynch director, officer: President and CEO P. O. BOX 99900, LOUISVILLE KY 40269
Jack H Swaysland officer: SVP, COO - International PO BOX 99900, LOUISVILLE KY 40269
Jeffrey C Smith director 201 E LAS OLAS BOULEVARD, SUITE 1000, FORT LAUDERDALE FL 33301
James Norberg officer: SVP, CROO PO BOX 99900, LOUISVILLE KY 40269
Caroline Miller Oyler officer: SVP, General Counsel P.O. BOX 99900, LOUISVILLE KY 40269
Ann B Gugino officer: Chief Financial Officer 1031 MENDOTA HEIGHTS ROAD, ST. PAUL MN 55120