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Planet Fitness, Inc (PLNT) Fair Value & Analysis

Consumer Cyclical · US · Market cap $4.1B

PF Planet Fitness, Inc logo Planet Fitness, Inc PLNT · US
Price$50.01
Fair Value$55.82
Upside+11.6%
Quality67/100
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Healthy Growth
Solidly profitable · 17.8% net margin
Negative equity (buybacks among others) · generates free cash flow
Ranks above peers (9/13)
Wide moat 76/100
Evidence: High Range $18.83 – $76.15 Share as image

Fair value as of: Jul 18, 2026

From 22 valuation models · updated 23 days ago

Share price −3.3% over the past month.

A solid business, screening 12% undervalued on our models.

What matters now

  • The model range is unusually wide ($18.83 to $76.15). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Our model range runs from $18.83 (bear) to $76.15 (bull), base $55.82. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 67/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

$113.55 $44.01 Fair Value $55.82 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range $44.01 – $113.55 · fair‑value band $18.83 – $76.15 · the $50.01 price screens below the $55.82 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 18, 2026.

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Analysis

Planet Fitness, Inc (PLNT) currently trades at $50.01, while our model-based Fair Value estimate is $55.82, implying the stock looks roughly 11.6% undervalued today. The Quality Score stands at 67/100 (solid quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Planet Fitness, Inc generated revenue of $1.3B at a net margin of 17.8%. Revenue grew 19.7% year over year. Net debt stands at $2.6B. The stock trades on a trailing P/E of 18.8. Fundamentals as of Jul 18, 2026

Our scenario range runs from $18.83 (bear case) to $76.15 (bull case); at $50.01, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 56% below its 52-week high and 35% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 2% fair-value upside, at 12%, PLNT screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF $15.81 $57.21 $120.33 80
Rev-Margin DCF $12.10 $33.53 74
ROIC Compounder $15.39 $32.64 $56.49 72
All 22 models by family
DCF Models
FCF DCF $17.17 $52.14 $138.30 38
Owner Earnings $9.67 $46.26 $114.46 31
5Y Revenue Exit $12.27 $33.25 39
5Y EBITDA Exit $27.89 $81.63 $153.50 41
5Y P/E Exit $16.82 $56.95 $105.87 38
10Y Revenue Exit $2.65 $20.44 $48.44 36
10Y EBITDA Exit $24.00 $72.47 $154.81 37
10Y P/E Exit $16.58 $53.95 $112.67 35
Earnings-Based
Graham-Dodd $18.83 $111.87 $155.85 54
Lynch FV $31.81 $45.44 $59.07 50
PEG = 1.0 $31.81 $45.44 $59.07 46
EPV $8.78 $14.38 $19.21 59
Dividend Discount
Gordon GGM $0.1700 $0.3300 $0.5100 70
DDM Multi-Stage $0.1700 $0.2900 $0.3500 61
Multiples
P/E Multiple $45.69 $60.92 $76.15 63
P/S Multiple $15.06 $20.08 $25.10 58
EV/EBIT $40.64 $63.08 $85.53 53
EV/EBITDA $35.91 $56.78 $77.65 54
Growth DCF
Growth DCF $15.81 $57.21 $120.33 80
Rev-Margin DCF $12.10 $33.53 74
Economic Profit
ROIC Compounder $15.39 $32.64 $56.49 72
Growth Earnings
Growth-Adj P/E $47.47 $67.81 $88.15 68

Widest divergence: Growth Earnings ($67.81) versus Dividend Discount ($0.2900). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) $1.3B
Revenue growth (YoY) +19.7%
Net margin 17.8%
Free cash flow $255M FY2025
P/E ratio 18.8
Operating margin 32.5%
More key figures
EPS (TTM) $2.77
EPS growth (YoY) +30.2%
Net debt $2.6B FY2025

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 67/100

Of which business quality 61 · Market factors (momentum, volatility) 17

Profitability 53
Margins and returns on capital today
Quality Growth 69
Are margins and returns improving?
Cashflow 80
Earnings quality: real cash, not paper profit
Fin. Strength 22
Balance sheet, leverage, solvency risk
Investment 64
Disciplined investing over empire-building
Low Volatility 39
Calm price path (market factor)
Momentum 7
Price trend over the last 3–12 months (market factor)
52W Momentum 8
Distance to the 52-week high (market factor)
Net Issuance 93
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

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.

Full company description

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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

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.

Growth Quality 95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
$1.3B
Latest YoY
+12.1%
Avg. growth/yr (3Y)
+12.2%
Avg. growth/yr (5Y)
+26.6%
Avg. growth/yr (13Y)
+17.7%
Revenue +22.6%/yr
FY21 $587M
FY22 $937M
FY23 $1.1B
FY24 $1.2B
FY25 $1.3B
Net income +50.4%/yr
FY21 $42.8M
FY22 $99.4M
FY23 $138M
FY24 $172M
FY25 $219M

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Cite: Fair Value Calculator (2026). "Planet Fitness, Inc Fair Value". https://www.fairvalue-calculator.com/stock/PLNT

Recent news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Leisure · 192 stocks

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.

Quality Score 67 · Top 25%
Fair Value upside +12% · Above median
Return on assets 8% · Top 25%
Net margin (TTM) 18% · Top 25%
Operating margin (TTM) 33% · Top 25%
Revenue growth 20% · Top 25%

Valuation Multiples vs Leisure median · lower = cheaper

P/E (TTM) 18.8× · Cheaper than median
P/S (TTM) 3.22× · Pricier than 75% of peers
P/FCF 16.3× · Pricier than 75% of peers
EV/EBITDA 10.9× · Pricier than median
PEG 0.92× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 49 · sector 14
FUTURE 99 · sector 18
PAST 0 · sector 19
HEALTH 100 · sector 94
DIVIDEND 0 · sector 51

PAST 0: with negative equity (buybacks among others) return on equity is not meaningfully computable.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Leisure stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
ANTA Sports Products Limited 2020 HK$74.15 HK$119.29 +61%
Pop Mart International Group 9992 HK$160.20 HK$227.30 +42%
Amer Sports, Inc AS $36.44 $16.16 -56%
Hasbro, Inc HAS $81.55 $83.38 +2%
Life Time Group LTH $42.15 $16.15 -62%
Acushnet Holdings GOLF $114.78 $37.79 -67%
Li Ning Company 2331 HK$14.80 HK$29.26 +98%
Benefit Systems S.A BFT 5,255 PLN 3,714 PLN -29%
Ninebot Limited 689009 ¥37.82 ¥39.17 +4%
Asmodee Group ASMDEEB kr 145.70 kr 41.90 -71%

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Frequently asked questions

Is Planet Fitness, Inc (PLNT) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of $55.82 versus a price of $50.01, about +12% (undervalued).
What is the fair value of PLNT?
Our model-based fair value for Planet Fitness, Inc is $55.82 (as of Jul 18, 2026), built from audited fundamentals. The current price is $50.01.
What is the quality score of PLNT?
Planet Fitness, Inc has a Quality Score of 67/100. 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 revenue of Planet Fitness, Inc (PLNT)?
Planet Fitness, Inc reported trailing-twelve-month revenue of about $1.3B (latest available figure, as of Jul 18, 2026).
What is the net profit margin of PLNT?
The net profit margin of Planet Fitness, Inc is about 17.8%, meaning it keeps roughly 17.8% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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