Papa John's International (FRA:PP1) Scaled Net Operating Assets: 0.58 (As of Mar. 2026)


FRA:PP1 Papa John's International Inc FRA:PP1
64 GF Score
Price €31.40
GF Value €39.99
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Papa John's International Scaled Net Operating Assets?

Papa John's International FRA:PP1 +5.37% 64 Scaled Net Operating Assets is 0.58 as of Mar. 2026. GuruFocus rates FRA:PP1 with a GF Score™ of 64/100 and a GF Value™ of €39.99 (Modestly Undervalued). The stock has 3 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Papa John's International's operating assets for the quarter that ended in Mar. 2026 was €686 Mil. Papa John's International's operating liabilities for the quarter that ended in Mar. 2026 was €274 Mil. Papa John's International's Total Assets for the quarter that ended in Dec. 2025 was €715 Mil. Therefore, Papa John's International's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.58.


Papa John's International Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Papa John's International's Scaled Net Operating Assets 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 Scaled Net Operating Assets Chart

Papa John's International Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.55 0.59 0.54 0.62 0.47

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
Scaled Net Operating Assets 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 0.57 0.54 0.54 0.53 0.58

FRA:PP1 vs CBRL, BJRI, BH: Scaled Net Operating Assets Comparison

For the Restaurants subindustry, Papa John's International's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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 Scaled Net Operating Assets vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Papa John's International's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Papa John's International's Scaled Net Operating Assets falls into.


FRA:PP1
64GF Score
Papa John's International Inc FRA:PP1
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Papa John's International Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Papa John's International's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(685.691-285.089)/848.949
=0.47

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=715.232 - 29.541
=685.691

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1084.746 - 766.589 - 33.068
=285.089

Papa John's International's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(685.851-273.976)/715.232
=0.58

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=719.617 - 33.766
=685.851

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1098.008 - 787.867 - 36.165
=273.976

* 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.

What does a Scaled Net Operating Assets of 0.58 mean?
Papa John's International (FRA:PP1) has a Scaled Net Operating Assets of 0.58 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Papa John's International and its competitors.
Is Papa John's International's Scaled Net Operating Assets too high?
Papa John's International's current Scaled Net Operating Assets is 0.58. Overall, Papa John's International has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Papa John's International's Scaled Net Operating Assets compare to CBRL and BJRI?
Papa John's International's Scaled Net Operating Assets of 0.58 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 Scaled Net Operating Assets for a Restaurants company?
A good Scaled Net Operating Assets depends on the Restaurants industry context. However, Scaled Net Operating Assets 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 Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Papa John's International and its competitors. Papa John's International's current Scaled Net Operating Assets is 0.58. 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 Modestly Undervalued. The stock's GF Value™ is €39.99, compared to a current price of €31.40 — trading 21.5% below its estimated fair value. The current Scaled Net Operating Assets is 0.58. Papa John's International's overall GF Score™ is 64/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Papa John's International (FRA:PP1), the current Scaled Net Operating Assets is 0.58 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 (FRA:PP1) Overvalued in 2026?

Based on GuruFocus' analysis, Papa John's International stock appears to be undervalued. The current stock price of €31.40 is trading 21.5% below its estimated GF Value™ of €39.99. GuruFocus considers Papa John's International to be Modestly Undervalued.

Key valuation signals for FRA:PP1:

  • Scaled Net Operating Assets: 0.58
  • GF Value™: €39.99 vs. price of €31.40 (21.5% below fair value)
  • GF Score™: 64/100 with 3 warning signs

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 Business Description

Other Exchanges PZZA:USA1PZZA:Italy
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

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

€31.40
Price
€39.99
GF Value