PZZAPapa John's International, Inc.
Is it safe?
Solid, nothing alarming: big price swings.
Mixed, watch the balance sheet Altman Z-score, a bankruptcy-risk model from five balance-sheet ratios.
Investment-grade balance sheet. A rule of thumb on leverage, not a credit rating.
Large price swings, high volatility. Worst drawdown -84% · now 63% below its 52-week high.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
Where this answer is blind. Altman sits structurally low for utilities and pipelines; Beneish runs high for fast growers, since sales growth alone lifts it; banks and REITs are excluded.
Can PZZA take a bad year?
Papa John's International, Inc. carries $699M of net debt at 3.96× EBITDA: a load its earnings can carry.
Net debt · as at Q2 2026 · between two and four years of EBITDA, normal for a stable business
- Net debt / EBITDA
- 3.96×
Net debt / EBITDA · 3.23× a year ago · the load is going up
- Altman Z-score
- 3.64
Altman Z-score · safe zone, above 3
- Annualised volatility
- 53%
Annualised volatility · roughly twice as jumpy as the market
Details›
- Total debtQ2 2026
- $727M
- Cash and short-term investments
- $28M
- Net debt
- $699M
- EBITDA, trailing twelve months
- $177M
- Operating profit, trailing twelve months
- $85M
- Total debt / EBITDA
- 4.12×
- Annualised volatilitytwo years of daily moves
- 53%
- Worst drawdown on file
- −84%
- Below its 52-week high
- 63%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.