---
title: Domino's (DPZ) — intrinsic value and fair price
canonical: https://sweetvaluelab.com/stocks/dpz
ticker: DPZ
as_of: 2026-10-17
sector: Consumer Cyclical
industry: Restaurants
---
# Domino's (DPZ)

Domino's (DPZ) closed at $308.64 on Oct 16, 2026, undervalued by 7% vs its model value of $330.15 (from a five-year discounted cash flow).

## Key figures

| Figure | Value |
| --- | ---: |
| Last close | $308.64 (Oct 16, 2026) |
| Model value (from a five-year discounted cash flow) | $330.15 |
| Price vs model | undervalued by 7% vs model |
| Range of that model | $167.69 – $987.87 |
| Market value | $10.2B |
| P/E (fiscal 2025) | 17.6 |
| Net margin (fiscal 2025) | 12.2% |
| Free cash flow (fiscal 2025) | $671.5M |
| Dividend yield (trailing twelve months) | 2.50% |
| Beta | 0.95 |
| Cost of capital (WACC) | 7.45% |
| Business classification | Dividend Payer (Low/slowing growth (~4% recent), Moderate margins (12% net margin), Pays dividends, Highly cyclical earnings, High leverage (D/E 5.0x), Strong FCF yield (6.6%)) |

## On the stock lists

| List | Place | Figure | Page |
| --- | ---: | ---: | --- |
| Worst performing this year | #46 | −26.0% | https://sweetvaluelab.com/lists/worst-performing-this-year |

## Dividends

| Figure | Value |
| --- | ---: |
| Trailing dividend yield | 2.50% |
| Dividends per share, last 12 months | $7.71 |
| Dividends / free cash flow (fiscal 2025) | 35.3% |
| Raised | 12 years in a row |
| Growth over 5 years | 16.5% a year |
| Latest payment | $1.99, ex-date Sep 15, 2026, paid Sep 30, 2026 |

| Year of payments | Dividends per share |
| --- | ---: |
| To Sep 14, 2021 | $3.60 |
| To Sep 14, 2022 | $4.24 |
| To Sep 14, 2023 | $4.73 |
| To Sep 13, 2024 | $5.74 |
| To Sep 15, 2025 | $6.73 |
| Trailing twelve months (to Sep 15, 2026) | $7.71 |

## Valuation models

Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 17, 2026.

| Model | Role | Value per share | Low | High |
| --- | --- | ---: | ---: | ---: |
| DCF · Perpetuity growth · 5y | primary | $330.15 | $167.69 | $987.87 |
| DCF · Perpetuity growth · 10y | cross check | $335.69 | $180.55 | $952.84 |
| DCF · EBITDA exit · 5y | cross check | $297.48 | $169.82 | $448.20 |
| DCF · EBITDA exit · 10y | cross check | $309.81 | $182.19 | $480.58 |
| P/E · peers | cross check | $460.22 | $370.27 | $605.23 |
| P/E · own history | cross check | $512.35 | $455.96 | $553.44 |
| PEG | sanity check | $204.08 | $204.08 | $204.08 |
| EV/EBITDA · peers | cross check | $345.51 | $329.81 | $441.96 |
| EV/Revenue · peers | cross check | $589.76 | $365.90 | $791.15 |
| Earnings power value | cross check | $115.80 | $73.48 | $179.44 |
| Dividend discount | cross check | $166.49 | $116.53 | $263.07 |

## Insider activity (SEC Form 4)

Past 90 days: 0 open-market buys ($0) and 7 open-market sales ($4.0M); 10b5-1 plan sales included.

| Date | Insider | Relationship | Transaction | Shares | Value |
| --- | --- | --- | --- | ---: | ---: |
| Oct 1, 2026 | JORDAN JOSEPH HUGH | Chief Executive Officer | Grant / award | 10,170 | $0 |
| Sep 30, 2026 | BALSON ANDREW | Director | Grant / award | 101 | $0 |
| Jul 22, 2026 | GARCIA KELLY E | EVP,  Chief Tech & Data Ofcr | Open-market sell | 3,606 | $1.2M |
| Jul 22, 2026 | GARCIA KELLY E | EVP,  Chief Tech & Data Ofcr | Open-market sell | 3,453 | $1.1M |
| Jul 22, 2026 | GARCIA KELLY E | EVP,  Chief Tech & Data Ofcr | Open-market sell | 1,161 | $374,814.1 |

## Recent SEC filings

| Filed | Form | What | Filing |
| --- | --- | --- | --- |
| Oct 13, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/1286681/000128668126000040/dpz-20260906.htm |
| Oct 13, 2026 | 8-K | 2.02 Results of Operations (Earnings); 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1286681/000128668126000039/dpz-20261013.htm |
| Oct 8, 2026 | 8-K | 5.02 Departure/Election of Directors or Officers | https://www.sec.gov/Archives/edgar/data/1286681/000119312526417912/dpz-20261002.htm |
| Jul 20, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/1286681/000128668126000035/dpz-20260614.htm |
| Jul 20, 2026 | 8-K | 2.02 Results of Operations (Earnings); 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1286681/000128668126000034/dpz-20260720.htm |

## Superinvestors holding it (latest 13F)

| Manager | Quarter | Shares | Value |
| --- | --- | ---: | ---: |
| Tom Bancroft | 2025-12-31 | 37,000 | $15.4M |
| Bridgewater | 2026-06-30 | 8,398 | $2.5M |
| Prem Watsa | 2026-06-30 | 7,230 | $2.1M |
| Thomas Gayner | 2026-06-30 | 5,500 | $1.6M |

4 tracked managers in all.

## About

Domino's Pizza, Inc. operates as a leading international and domestic purveyor of pizza, managing its extensive operations through three distinct segments: U.S. Stores, International Franchise, and Supply Chain. The company is primarily recognized for its Domino's-branded pizzas, which are distributed via a vast network of both corporate-owned and independently franchised outlets. Beyond its flagship product, the menu also encompasses a variety of other offerings, including oven-baked sandwiches, pasta dishes, boneless and winged chicken, various bread and dip accompaniments, desserts, and soft drink beverages. As of January 2, 2022, the enterprise boasted approximately 18,800 locations spanning 90 global markets. Established in 1960, Domino's Pizza, Inc. is headquartered in Ann Arbor, Michigan.

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Source: https://sweetvaluelab.com/stocks/dpz (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.