Planet Fitness Inc. (P2LN34) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Planet Fitness Inc. BRL 35.61, price BRL 32.37, upside +10.0%, quality 71 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range R$31.05 – R$80.56 · fair‑value band R$12.70 – R$62.91 · the R$32.37 price screens below the R$35.61 fair value. Dashed = 300-day average. As of Sep 24, 2026.
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Planet Fitness, Inc., together with its subsidiaries, franchises and operates fitness centers under the Planet Fitness brand. The company operates through three segments: Franchise, Corporate-Owned Clubs, and Equipment.
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Planet Fitness, Inc., together with its subsidiaries, franchises and operates fitness centers under the Planet Fitness brand. The company operates through three segments: Franchise, Corporate-Owned Clubs, and Equipment. The Franchise segment includes operations related to the franchising business in the United States, Puerto Rico, Canada, Panama, Mexico and Australia. The Corporate-owned clubs segment includes operations with corporate-owned clubs in the United States, Canada, and Spain. The Equipment segment includes the sale of equipment to franchisee-owned clubs; and the sale of fitness equipment to franchisee-owned clubs in the United States, Canada, and Mexico. Planet Fitness, Inc. was founded in 1992 and is headquartered in Hampton, New Hampshire.
Stock analysis
Planet Fitness Inc. (P2LN34) currently trades at R$32.37, while our model-based Fair Value estimate is R$35.61, implying the stock looks roughly 9.1% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of R$42.93 per share, and 12 of the 20 models we run sit above the R$32.37 price.
Bear case: the Growth DCF group reads lowest at R$11.77, and 8 of the 20 models stay below the price. Evidence for this calculation is medium.
Scenario range: R$12.70 (bear) to R$62.91 (bull), the price of R$32.37 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 71/100 (solid quality), in the Consumer Cyclical sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Planet Fitness Inc. reported revenue of $1.3B in FY2025 versus $587M in FY2021, a compound +22.6%/yr. Reported net income was $219M in FY2025, compounding +50.4%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap R$20.8B (≈ $4.0B) · P/E ratio 18.1 · P/S ratio 2.99 · EPS (TTM) R$1.79 · Net margin 16.5% · Return on assets (EBIT) 9.5% · Operating margin 32.5% · Revenue (TTM) $1.3B.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 54% below its 52-week high and 4% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 39% fair-value upside, at 10%, P2LN34 screens richer than that median.
Fair Value models
Bear R$12.70Fair Value R$35.61Bull R$62.91
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (R$1.35 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+12.1%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+12.2%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+26.6%
Start year 2020 (pandemic)
Revenue growth 7 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+12.7%
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What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+39.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+39.6%
Dividend (yield on the price)0.0%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.15% → 30%
2025 sits 70% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Leisure · 174 stocks
Beats the industry median on 8/8 measures
Overall it ranks above its industry peers.
Valuation
Quality Score71 · Top 25%
Fair Value upside+57.0% · Top 25%
Profitability
Return on equity (TTM)Negative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
Return on assets8.4% · Top 25%
Net margin (TTM)17.8% · Top 25%
Operating margin (TTM)32.5% · Top 25%
Growth and dividend
Revenue growth19.7% · Top 25%
Balance sheet
Debt / equityNegative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
Valuation Multiplesvs Leisure median · lower = cheaper
P/E (TTM)18.1× · Cheaper than median
P/BNegative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
PEG0.87× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)100· sector 34
FUTURE (revenue growth)99· sector 27
PAST (return on equity)0· sector 25
HEALTH (low debt)0· sector 94
DIVIDEND (yield)0· sector 57
PAST 0: with negative equity (buybacks among others) return on equity is not meaningfully computable.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Planet Fitness Inc. Fair Value". https://www.fairvalue-calculator.com/stock/P2LN34
Frequently asked questions
Is Planet Fitness Inc. (P2LN34) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of R$35.61 versus a price of R$32.37, about +10% upside (undervalued).
What is the fair value of P2LN34?
Our model-based fair value for Planet Fitness Inc. is R$35.61 (as of Sep 24, 2026), built from audited fundamentals. The current price: R$32.37.
What is the quality score of P2LN34?
Planet Fitness Inc. has a Quality Score of 71/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Planet Fitness Inc. (P2LN34)?
Our model-based price target is the fair value of R$35.61 (as of Sep 24, 2026) from 20 valuation models. Cautious scenario R$12.70, optimistic scenario R$62.91. It is a calculation from audited fundamentals, not an analyst target.
What is the Planet Fitness Inc. stock forecast for 2026?
Our models put fair value at R$35.61, about +10% upside versus a price of R$32.37 (undervalued). Cautious scenario R$12.70, optimistic scenario R$62.91. The calculation is refreshed regularly with new filings.
What is the revenue of Planet Fitness Inc. (P2LN34)?
Planet Fitness Inc. reported trailing-twelve-month revenue of about $1.3B (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of Planet Fitness Inc. (P2LN34)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Planet Fitness Inc. it is R$35.61 per share (as of Sep 24, 2026), against a price of R$32.37. It is the blended result of 20 valuation models (cash flow, earnings, asset, dividend).
Is Planet Fitness Inc. stock overvalued or undervalued in 2026?
As of Sep 24, 2026, P2LN34 trades below its calculated fair value: price R$32.37, fair value R$35.61, a gap of about +10% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of P2LN34?
No. The price is what the market pays today (R$32.37); the fair value is what the company's own numbers justify (R$35.61). For Planet Fitness Inc. the two are R$3.24 per share apart. That gap is exactly why we show both numbers side by side.
How much is Planet Fitness Inc. worth?
The market values Planet Fitness Inc. at about R$20.8B (market capitalisation, as of Sep 24, 2026). Per share that is R$32.37; our models calculate a fair value of R$35.61 per share.
What do the bullish and bearish scenarios say about P2LN34?
Our models span a range for Planet Fitness Inc.: cautious scenario R$12.70, base R$35.61, optimistic R$62.91 per share (as of Sep 24, 2026, price R$32.37). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of P2LN34?
Planet Fitness Inc. trades at a price-to-earnings ratio of 18.1 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of R$35.61 is built from several models across several years. Other multiples: PEG 0.9.
What is the PEG ratio of P2LN34?
The PEG ratio of Planet Fitness Inc. is 0.87 (P/E divided by earnings growth, as of Sep 24, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Planet Fitness Inc. (P2LN34)?
Balance-sheet figures for Planet Fitness Inc. (as of Sep 24, 2026): negative equity, so no return on equity and no debt-to-equity ratio. They feed the Quality Score of 71/100, which measures business quality independently of the share price.
How far is P2LN34 from its 52-week high?
Planet Fitness Inc. trades at R$32.37, about 54% below its 52-week high of R$71.12 and 4% above the low of R$31.05 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of R$35.61 is for.
Which stocks are comparable to Planet Fitness Inc.?
From the same area (Consumer Cyclical) we also value Pop Mart International Group, ANTA Sports Products Limited, Amer Sports, Inc, Hasbro, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Planet Fitness Inc. stock attractive at the current price?
The data as of Sep 24, 2026: price R$32.37, calculated fair value R$35.61 (+10%), Quality Score 71/100, from 20 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of P2LN34 calculated?
We run Planet Fitness Inc. through 20 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of R$35.61, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Planet Fitness Inc. currently trades 9 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Planet Fitness Inc. (P2LN34)?
The closing price on Oct 1, 2026 was R$32.37. Our model-based fair value is R$35.61, about +10% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Planet Fitness Inc. right now?
The model range is unusually wide (R$12.70 to R$62.91). The outcome hinges heavily on assumptions, so read the point estimate with caution. The price sits in the lower half of our model range, the side with the larger margin of safety. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Key figures of Planet Fitness Inc.
How large is the market capitalisation of Planet Fitness Inc. (P2LN34)?
The market capitalisation of Planet Fitness Inc. is R$20.8B (≈ $4.0B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Planet Fitness Inc. (P2LN34)?
The price-to-sales ratio of Planet Fitness Inc. is 2.99 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Planet Fitness Inc. (P2LN34)?
Earnings per share at Planet Fitness Inc. are R$1.79 (price ÷ EPS = P/E 18.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Planet Fitness Inc. (P2LN34)?
The net margin of Planet Fitness Inc. is 16.5% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the EBIT return on assets of Planet Fitness Inc. (P2LN34)?
On an EBIT basis the return on assets of Planet Fitness Inc. is 9.5% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Planet Fitness Inc. (P2LN34)?
The operating margin of Planet Fitness Inc. is 32.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Planet Fitness Inc. (P2LN34)?
Revenue at Planet Fitness Inc. is growing +19.7% versus a year earlier (3y avg +12.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Planet Fitness Inc. (P2LN34)?
Earnings per share at Planet Fitness Inc. are growing +30.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Planet Fitness Inc. (P2LN34) generate?
The free cash flow of Planet Fitness Inc. is $255M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Planet Fitness Inc. (P2LN34) carry?
The net debt of Planet Fitness Inc. is $2.1B (fiscal year 2025, ≈ 8.4 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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