Is Papa John's International, Inc. overvalued or undervalued?

As of 31 October 2017, the valuation grade for Papa John's International, Inc. moved from expensive to risky. The company appears to be overvalued based on its current metrics. The P/E ratio stands at 24, which is significantly higher than the industry average, while the EV to EBITDA ratio is at 12.61, indicating a premium valuation compared to peers. Additionally, the PEG ratio of 1.50 suggests that the stock may not be justified at its current price given its growth prospects.
In comparison to peers, Shake Shack, Inc. has a much higher P/E ratio of 407.22, but it is categorized as expensive, while Papa John's is deemed risky with a P/E of 23.74. The EV to EBIT ratio for Papa John's is 17.86, which also reflects a higher valuation compared to the industry benchmarks. Notably, the company's recent stock performance has lagged behind the S&P 500, with a year-to-date return of 19.31% compared to the index's 2.44%, but this is overshadowed by a significant decline over the past three years. Overall, the current valuation metrics suggest that Papa John's International, Inc. is overvalued.