PLNT Stock Analysis: Planet Fitness | NYSE

Leisure | NYSE, USA | Market Cap: 3.849m USD | 12M Return: -49.4% | US72703H1014 | Charts, Fundamentals & Technical Analysis

Fitness Centers, Franchise Operations, Fitness Equipment
Total Rating 41
Safety 52
Buy Signal -0.18
Leisure
Industry Rotation: -7.1
Market Cap: 3.85B
Avg Turnover: 81.7M
Risk 3d forecast
Volatility32.7%
VaR 5th Pctl5.32%
VaR vs Median-1.24%
Reward TTM
Sharpe Ratio-1.27
Rel. Str. IBD3.8
Rel. Str. Peer Group13.7
Character TTM
Beta0.159
Beta Downside0.387
Hurst Exponent0.368
Drawdowns 3y
Max DD61.24%
CAGR/Max DD0.05
CAGR/Mean DD0.20
EPS (Earnings per Share) EPS (Earnings per Share) of PLNT over the last years for every Quarter: "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, "2026-06": 0.88,
EPS CAGR: 16.35%
EPS Trend: 99.4%
Last SUE: 0.75
Qual. Beats: 0
Revenue Revenue of PLNT over the last years for every Quarter: 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, 2026-06: 365.223,
Rev. CAGR: 11.46%
Rev. Trend: 99.0%
Last SUE: 0.69
Qual. Beats: 0

Warnings

Altman Z'' In Financial Distress Zone
Below Avwap Earnings
Below Sma 200d

Tailwinds

Confidence

Seasonality 11 years of data

Jan -1.8% 14
Feb -3.8% 44
Mar -2.3% 25
Apr +1.0% 8
May -5.8% 27
Jun +1.9% 18
Jul -0.3% 13
Aug +3.6% 12
Sep -3.1% 54
Oct -1.6% 0
Nov +18.7% 84
Dec +0.2% 2

How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.

Description: PLNT Planet Fitness

Planet Fitness, Inc. franchises and operates fitness centers under the Planet Fitness brand, organizing its operations into three segments: Franchise, Corporate-Owned Clubs, and Equipment. The franchise segment operates in the United States, Puerto Rico, Canada, Panama, Mexico, and Australia. Corporate-owned clubs are located in the United States, Canada, and Spain, while the equipment segment supplies fitness machines to franchisee-owned locations. Founded in 1992 and headquartered in Hampton, New Hampshire, the company is classified within the Leisure Facilities sub-industry.

Headlines to Watch Out For
  • Same-store sales growth drives franchise royalty revenue
  • New store openings accelerate US and international expansion
  • Value gym competition pressures low-price membership growth
Piotroski VR-10 (Strict) 7.0
Net Income: 237.9m TTM > 0 and > 6% of Revenue
FCF/TA: 0.09 > 0.02 and ΔFCF/TA 2.16 > 1.0
NWC/Revenue: 16.43% < 20% (prev 26.17%; Δ -9.74% < -1%)
CFO/TA 0.14 > 3% & CFO 434.0m > Net Income 237.9m
Net Debt (2.98b) to EBITDA (613.6m): 4.86 < 3
Current Ratio: 1.58 > 1.5 & < 3
Outstanding Shares: last quarter (77.1m) vs 12m ago -8.41% < -2%
Gross Margin: 50.30% > 18% (prev 52.25%; Δ -1.94% > 0.5%)
Asset Turnover: 46.02% > 50% (prev 40.08%; Δ 5.93% > 0%)
Interest Coverage Ratio: 3.71 > 6 (EBIT TTM 454.1m / Interest Expense TTM 122.2m)
Altman Z'' -0.02
A: 0.08 (Total Current Assets 628.1m - Total Current Liabilities 396.5m) / Total Assets 3.00b
B: -0.41 (Retained Earnings -1.24b / Total Assets 3.00b)
C: 0.15 (EBIT TTM 454.1m / Avg Total Assets 3.06b)
D: -0.17 (Book Value of Equity -614.7m / Total Liabilities 3.62b)
Altman-Z'' = -0.02 = B
Beneish M -2.99
DSRI: 0.93 (Receivables 110.9m/105.6m, Revenue 1.41b/1.25b)
GMI: 1.04 (GM 52.25% / 50.30%)
AQI: 0.96 (AQ_t 0.50 / AQ_t-1 0.52)
SGI: 1.13 (Revenue 1.41b / 1.25b)
TATA: -0.07 (NI 237.9m - CFO 434.0m) / TA 3.00b)
Beneish M = -2.99 (Cap -4..+1) = A
What is the price of PLNT shares?

As of September 18, 2026, the stock is trading at USD 49.91 with a total of 1,799,603 shares traded. Over the past week, the price has changed by -0.14%, over one month by -1.42%, over three months by -0.60% and over the past year by -49.40%.

Current recommended Stop Loss: 47.80 (which is 4.2% or 1.2 ATR below the current price).

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 67.5 35.3%
Planet Fitness (PLNT) - Fundamental Data Overview as of 14 September 2026
Market Cap USD = 3.85b (3.85b USD * 1.0 USD.USD)
P/E Trailing = 17.2619
P/E Forward = 13.3156
P/S = 2.9573
P/B = 139.3559
P/EG = 0.9169
Revenue TTM = 1.41b USD
EBIT TTM = 454.1m USD
EBITDA TTM = 613.6m USD
Long Term Debt = 2.45b USD (from longTermDebt, last quarter)
Short Term Debt = 100.8m USD (from shortTermDebt, last quarter)
Debt = 3.38b USD (from shortLongTermDebtTotal, last quarter) + Leases 415.6m
Net Debt = 2.98b USD (calculated: Debt 3.38b - CCE 400.8m)
Enterprise Value = 6.83b USD (3.85b + Debt 3.38b - CCE 400.8m)
Interest Coverage Ratio = 3.71 (Ebit TTM 454.1m / Interest Expense TTM 122.2m)
EV/FCF = 26.10x (Enterprise Value 6.83b / FCF TTM 261.7m)
FCF Yield = 3.83% (FCF TTM 261.7m / Enterprise Value 6.83b)
FCF Margin = 18.57% (FCF TTM 261.7m / Revenue TTM 1.41b)
Net Margin = 16.88% (Net Income TTM 237.9m / Revenue TTM 1.41b)
Gross Margin = 50.30% ((Revenue TTM 1.41b - Cost of Revenue TTM 700.3m) / Revenue TTM)
Gross Margin QoQ = 82.34% (prev 38.91%)
Tobins Q-Ratio = 2.27 (Enterprise Value 6.83b / Total Assets 3.00b)
Interest Expense / Debt = 3.62% (Interest Expense 122.2m / Debt 3.38b)
Taxrate = 27.95% (92.8m / 331.9m)
NOPAT = 327.2m (EBIT 454.1m * (1 - 27.95%))
Current Ratio = 1.58 (Total Current Assets 628.1m / Total Current Liabilities 396.5m)
 Debt / Equity = -5.50 (negative equity) (Debt 3.38b / totalStockholderEquity, last quarter -614.7m)
 Debt / EBITDA = 4.86 (Net Debt 2.98b / EBITDA 613.6m)
Debt / FCF = 11.39 (Net Debt 2.98b / FCF TTM 261.7m)
Total Stockholder Equity = -443.9m (last 4 quarters mean from totalStockholderEquity)
RoA = 7.77% (Net Income 237.9m / Total Assets 3.00b)
 RoE = -53.58% (negative equity) (Net Income TTM 237.9m / Total Stockholder Equity -443.9m)
 RoCE = 22.65% (EBIT 454.1m / Capital Employed (Equity -443.9m + L.T.Debt 2.45b))
RoIC = 12.40% (NOPAT 327.2m / Invested Capital 2.64b)
WACC = 4.70% (E(3.85b)/V(7.23b) * Re(6.54%) + D(3.38b)/V(7.23b) * Rd(3.62%) * (1-Tc(0.28)))
Discount Rate = 6.54% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -89.23 | Cagr: -5.31%
[DCF] Terminal Value 77.97% ; FCFF base≈238.7m ; Y1≈273.7m ; Y5≈402.8m
[DCF] Fair Price = 40.97 (EV 6.06b - Net Debt 2.98b = Equity 3.08b / Shares 75.2m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 99.42 | EPS CAGR: 16.35% | SUE: 0.75 | # QB: 0
Revenue Correlation: 98.98 | Revenue CAGR: 11.46% | SUE: 0.69 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.80 | Chg30d=+1.92% | Revisions=+53% | Analysts=15
EPS current Year (2026-12-31): EPS=3.26 | Chg30d=+2.05% | Revisions=+72% | GrowthEPS=+6.3% | GrowthRev=+7.5%
EPS next Year (2027-12-31): EPS=3.66 | Chg30d=+2.29% | Revisions=+47% | GrowthEPS=+12.3% | GrowthRev=+7.0%
[Analyst] Revisions Ratio: +66% (up=35, down=6)