PZZA (Papa John's International) E10: $1.64 (As of Mar. 2026)

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PZZA Papa John's International Inc PZZA
68 GF Score
Price $30.23
GF Value $45.39
Valuation Significantly Undervalued
! 3 Warning Signs
View Full Analysis

What is Papa John's International E10?

Papa John's International PZZA -1.14% 68 E10 is $1.64 as of Mar. 2026. GuruFocus rates PZZA with a GF Score™ of 68/100 and a GF Value™ of $45.39 (Significantly Undervalued). The stock has 3 warning signs investors should review.

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 Mar. 2026 was $0.210. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $1.64 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Papa John's International's average E10 Growth Rate was -7.90% per year. During the past 3 years, the average E10 Growth Rate was 1.00% per year. During the past 5 years, the average E10 Growth Rate was 3.00% per year. During the past 10 years, the average E10 Growth Rate was 2.50% 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 (2026-07-31), Papa John's International's current stock price is $30.23. Papa John's International's E10 for the quarter that ended in Mar. 2026 was $1.64. Papa John's International's Shiller PE Ratio of today is 18.43.

During the past 13 years, the highest Shiller PE Ratio of Papa John's International was 93.18. The lowest was 17.51. And the median was 41.60.


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
=30.23/1.64
=18.43

* 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 17.51. And the median was 41.60.


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


Papa John's International E10 Historical Data

* Premium members only.

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.

Papa John's International E10 Chart

Papa John's International Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.52 1.64 1.74 1.81 1.69

Papa John's International Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 1.78 1.79 1.75 1.69 1.64

PZZA vs BH, CBRL, FWRG: E10 Comparison

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 Shiller PE Ratio vs 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.


PZZA
68GF Score
Papa John's International Inc PZZA
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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 Mar. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.21/330.2130*330.2130
=0.210

Current CPI (Mar. 2026) = 330.2130.

Papa John's International Quarterly Data

per share eps CPI Adj_EPS
201606 0.610 241.018 0.836
201609 0.570 241.428 0.780
201612 0.880 241.432 1.204
201703 0.770 243.801 1.043
201706 0.650 244.955 0.876
201709 0.600 246.819 0.803
201712 0.810 246.524 1.085
201803 0.520 249.554 0.688
201806 0.350 251.989 0.459
201809 -0.420 252.439 -0.549
201812 -0.440 251.233 -0.578
201903 -0.120 254.202 -0.156
201906 0.150 256.143 0.193
201909 -0.100 256.759 -0.129
201912 -0.180 256.974 -0.231
202003 0.150 258.115 0.192
202006 0.480 257.797 0.615
202009 0.350 260.280 0.444
202012 0.280 260.474 0.355
202103 0.820 264.877 1.022
202106 -2.300 271.696 -2.795
202109 0.790 274.310 0.951
202112 0.670 278.802 0.794
202203 0.290 287.504 0.333
202206 0.700 296.311 0.780
202209 0.230 296.808 0.256
202212 0.660 296.797 0.734
202303 0.650 301.836 0.711
202306 0.540 305.109 0.584
202309 0.480 307.789 0.515
202312 0.800 306.746 0.861
202403 0.440 312.332 0.465
202406 0.370 314.175 0.389
202409 1.270 315.301 1.330
202412 0.440 315.605 0.460
202503 0.270 319.799 0.279
202506 0.280 322.561 0.287
202509 0.130 324.800 0.132
202512 0.210 324.054 0.214
202603 0.210 330.213 0.210

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

Frequently Asked Questions Learn more about E10 →
What does a E10 of $1.64 mean?
Papa John's International (PZZA) has a E10 of $1.64 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Papa John's International and its competitors.
Is Papa John's International's E10 too high?
Papa John's International's current E10 is $1.64. Overall, Papa John's International has a GF Score™ of 68/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Papa John's International's E10 compare to BH and CBRL?
Papa John's International's E10 of $1.64 can be compared against companies in the Restaurants industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good E10 for a Restaurants company?
A good E10 depends on the Restaurants industry context. However, E10 should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Papa John's International and its competitors. Papa John's International's current E10 is $1.64. 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 (PZZA) is currently considered Significantly Undervalued. The stock's GF Value™ is $45.39, compared to a current price of $30.23 — trading 33.4% below its estimated fair value. The current E10 is $1.64. Papa John's International's overall GF Score™ is 68/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is E10 calculated?
E10 is calculated from a company's financial statements. For Papa John's International (PZZA), the current E10 is $1.64 as of Mar. 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 (PZZA) Overvalued in 2026?

Based on GuruFocus' analysis, Papa John's International stock appears to be undervalued. The current stock price of $30.23 is trading 33.4% below its estimated GF Value™ of $45.39. GuruFocus considers Papa John's International to be Significantly Undervalued.

Key valuation signals for PZZA:

  • E10: $1.64
  • GF Value™: $45.39 vs. price of $30.23 (33.4% below fair value)
  • GF Score™: 68/100 with 3 warning signs

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


Papa John's International Business Description

Other Exchanges 1PZZA:ItalyPP1:Germany
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.
68GF Score

Get the complete analysis for PZZA

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$30.23
Price
$45.39
GF Value