(PLNT) Planet Fitness - Overview

Sector: Consumer Cyclical | Industry: Leisure | Exchange: NYSE (USA) | Market Cap: 4.182m USD | Total Return: -51.4% in 12m

Gym Memberships, Fitness Equipment, Franchise Licenses
Total Rating 49
Safety 51
Buy Signal -0.54
Leisure
Industry Rotation: -7.4
Market Cap: 4.18B
Avg Turnover: 170M
Risk 3d forecast
Volatility96.8%
VaR 5th Pctl15.8%
VaR vs Median-1.09%
Reward TTM
Sharpe Ratio-1.45
Rel. Str. IBD0.5
Rel. Str. Peer Group1.6
Character TTM
Beta0.290
Beta Downside0.383
Hurst Exponent0.378
Drawdowns 3y
Max DD61.24%
CAGR/Max DD-0.15
CAGR/Mean DD-0.82
EPS (Earnings per Share) EPS (Earnings per Share) of PLNT over the last years for every Quarter: "2021-03": 0.1, "2021-06": 0.21, "2021-09": 0.25, "2021-12": 0.26, "2022-03": 0.32, "2022-06": 0.38, "2022-09": 0.42, "2022-12": 0.53, "2023-03": 0.41, "2023-06": 0.65, "2023-09": 0.59, "2023-12": 0.6, "2024-03": 0.53, "2024-06": 0.71, "2024-09": 0.64, "2024-12": 0.7, "2025-03": 0.59, "2025-06": 0.86, "2025-09": 0.8, "2025-12": 0.83, "2026-03": 0.74,
EPS CAGR: 19.45%
EPS Trend: 86.1%
Last SUE: 1.33
Qual. Beats: 4
Revenue Revenue of PLNT over the last years for every Quarter: 2021-03: 111.877, 2021-06: 137.251, 2021-09: 154.255, 2021-12: 183.64, 2022-03: 186.676, 2022-06: 224.442, 2022-09: 244.386, 2022-12: 281.268, 2023-03: 222.225, 2023-06: 286.463, 2023-09: 277.551, 2023-12: 285.086, 2024-03: 248.017, 2024-06: 300.941, 2024-09: 292.246, 2024-12: 340.45, 2025-03: 276.662, 2025-06: 340.879, 2025-09: 330.345, 2025-12: 376.258, 2026-03: 337.236,
Rev. CAGR: 11.47%
Rev. Trend: 83.4%
Last SUE: 4.00
Qual. Beats: 3

Warnings

Altman Z'' 0.20 < 1.0 - financial distress zone

Tailwinds

Garp

Description: PLNT Planet Fitness

Planet Fitness, Inc. (NYSE: PLNT) operates and franchises fitness centers globally, with a presence in the United States, Puerto Rico, Canada, Mexico, Panama, Australia, and Spain. The business utilizes a three-pillar model consisting of franchising operations, corporate-owned locations, and a proprietary equipment segment that mandates franchisees purchase fitness machinery directly from the company. This vertical integration ensures standardized equipment cycles across its international footprint.

The company competes in the high-volume, low-price (HVLP) fitness sector, a model designed to attract casual gym users through low monthly dues and a non-intimidating environment. Unlike boutique studios that rely on high per-session fees, the HVLP model focuses on geographic density and membership scale to drive recurring revenue. You can examine these valuation multiples and growth trends further on ValueRay.

Founded in 1992 and headquartered in New Hampshire, Planet Fitness maintains a significant market share in the Leisure Facilities sub-industry. Its revenue streams are diversified through royalty fees, equipment replacement cycles, and direct club operations.

Headlines to Watch Out For
  • Membership growth and recurring monthly dues drive predictable top-line revenue expansion
  • Franchise royalty streams and equipment refresh cycles bolster long-term operating margins
  • High interest rates increase debt servicing costs and slow new club development
  • Inflationary pressures on consumer discretionary income impact high-tier Black Card membership penetration
  • Strategic geographic expansion into international markets diversifies revenue beyond North American saturation
Piotroski VR‑10 (Strict) 7.5
Net Income: 228.8m TTM > 0 and > 6% of Revenue
FCF/TA: 0.09 > 0.02 and ΔFCF/TA 1.02 > 1.0
NWC/Revenue: 25.66% < 20% (prev 26.12%; Δ -0.46% < -1%)
CFO/TA 0.14 > 3% & CFO 432.0m > Net Income 228.8m
Net Debt (2.01b) to EBITDA (587.4m): 3.41 < 3
Current Ratio: 2.07 > 1.5 & < 3
Outstanding Shares: last quarter (79.8m) vs 12m ago -5.47% < -2%
Gross Margin: 42.56% > 18% (prev 0.52%; Δ 4.20k% > 0.5%)
Asset Turnover: 44.69% > 50% (prev 39.14%; Δ 5.55% > 0%)
Interest Coverage Ratio: 3.74 > 6 (EBITDA TTM 587.4m / Interest Expense TTM 115.0m)
Altman Z'' 0.20
A: 0.11 (Total Current Assets 687.1m - Total Current Liabilities 331.7m) / Total Assets 3.10b
B: -0.36 (Retained Earnings -1.11b / Total Assets 3.10b)
C: 0.14 (EBIT TTM 429.7m / Avg Total Assets 3.10b)
D: -0.31 (Book Value of Equity -1.11b / Total Liabilities 3.59b)
Altman-Z'' Score: 0.20 = B
Beneish M -2.61
DSRI: 1.26 (Receivables 83.7m/58.2m, Revenue 1.38b/1.21b)
GMI: 1.22 (GM 42.56% / 52.11%)
AQI: 0.94 (AQ_t 0.50 / AQ_t-1 0.53)
SGI: 1.14 (Revenue 1.38b / 1.21b)
TATA: -0.07 (NI 228.8m - CFO 432.0m) / TA 3.10b)
Beneish M-Score: -2.61 (Cap -4..+1) = A
What is the price of PLNT shares? As of May 21, 2026, the stock is trading at USD 50.24 with a total of 2,464,144 shares traded.
Over the past week, the price has changed by -0.69%, over one month by -31.83%, over three months by -44.58% and over the past year by -51.42%.
Is PLNT a buy, sell or hold? Planet Fitness has received a consensus analysts rating of 4.30. Therefore, it is recommended to buy PLNT.
  • StrongBuy: 9
  • Buy: 8
  • Hold: 3
  • Sell: 0
  • StrongSell: 0
What are the forecasts/targets for the PLNT price?
Analysts Target Price 69.5 38.3%
Planet Fitness (PLNT) - Fundamental Data Overview as of 18 May 2026
P/E Trailing = 19.0036
P/E Forward = 13.986
P/S = 3.2482
P/B = 139.3559
P/EG = 0.7771
Revenue TTM = 1.38b USD
EBIT TTM = 429.7m USD
EBITDA TTM = 587.4m USD
Long Term Debt = 2.45b USD (from longTermDebt, last quarter)
Short Term Debt = 25.8m USD (from shortTermDebt, last quarter)
Debt = 2.48b USD (corrected: LT Debt 2.45b + ST Debt 25.8m)
Net Debt = 2.01b USD (recalculated: Debt 2.48b - CCE 473.8m)
Enterprise Value = 6.19b USD (4.18b + Debt 2.48b - CCE 473.8m)
Interest Coverage Ratio = 3.74 (Ebit TTM 429.7m / Interest Expense TTM 115.0m)
EV/FCF = 23.14x (Enterprise Value 6.19b / FCF TTM 267.4m)
FCF Yield = 4.32% (FCF TTM 267.4m / Enterprise Value 6.19b)
FCF Margin = 19.31% (FCF TTM 267.4m / Revenue TTM 1.38b)
Net Margin = 16.52% (Net Income TTM 228.8m / Revenue TTM 1.38b)
Gross Margin = 42.56% ((Revenue TTM 1.38b - Cost of Revenue TTM 795.4m) / Revenue TTM)
Gross Margin QoQ = 38.91% (prev 38.53%)
Tobins Q-Ratio = 1.99 (Enterprise Value 6.19b / Total Assets 3.10b)
Interest Expense / Debt = 1.33% (Interest Expense 33.0m / Debt 2.48b)
Taxrate = 27.16% (19.3m / 71.1m)
NOPAT = 313.0m (EBIT 429.7m * (1 - 27.16%))
Current Ratio = 2.07 (Total Current Assets 687.1m / Total Current Liabilities 331.7m)
 Debt / Equity = -5.13 (negative equity) (Debt 2.48b / totalStockholderEquity, last quarter -482.8m)
 Debt / EBITDA = 3.41 (Net Debt 2.01b / EBITDA 587.4m)
Debt / FCF = 7.50 (Net Debt 2.01b / FCF TTM 267.4m)
Total Stockholder Equity = -329.9m (last 4 quarters mean from totalStockholderEquity)
RoA = 7.38% (Net Income 228.8m / Total Assets 3.10b)
 RoE = -69.35% (negative equity) (Net Income TTM 228.8m / Total Stockholder Equity -329.9m)
 RoCE = 20.24% (EBIT 429.7m / Capital Employed (Equity -329.9m + L.T.Debt 2.45b))
RoIC = 15.72% (NOPAT 313.0m / Invested Capital 1.99b)
WACC = 4.76% (E(4.18b)/V(6.66b) * Re(7.0%) + D(2.48b)/V(6.66b) * Rd(1.33%) * (1-Tc(0.27)))
Discount Rate = 7.0% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.92%
Shares (quarterly) Correlation: -86.67 | Cagr: -3.37%
[DCF] Terminal Value 87.27% ; FCFF base≈254.3m ; Y1≈280.8m ; Y5≈363.2m
[DCF] Fair Price = 109.6 (EV 10.68b - Net Debt 2.01b = Equity 8.67b / Shares 79.1m; r=6.0% [WACC]; 5y FCF grow 11.95% → 3.0% )
EPS Correlation: 86.14 | EPS CAGR: 19.45% | SUE: 1.33 | # QB: 4
Revenue Correlation: 83.40 | Revenue CAGR: 11.47% | SUE: 4.0 | # QB: 3
EPS current Quarter (2026-06-30): EPS=0.84 | Chg30d=-9.19% | Revisions=-76% | Analysts=16
EPS next Quarter (2026-09-30): EPS=0.79 | Chg30d=-9.41% | Revisions=-73% | Analysts=16
EPS current Year (2026-12-31): EPS=3.20 | Chg30d=-5.45% | Revisions=-79% | GrowthEPS=+4.1% | GrowthRev=+7.1%
EPS next Year (2027-12-31): EPS=3.60 | Chg30d=-11.28% | Revisions=-79% | GrowthEPS=+12.6% | GrowthRev=+8.4%
[Analyst] Revisions Ratio: -79%