NEURACAP
Company ReportSep 25, 2026 · 11 pages · Free to read

Domino's Pizza Company Valuation & Strategic Insights — September 2026

A company valuation report on Domino's Pizza, Inc. (DPZ) as of September 25, 2026, comparing the market price against valuation methods, peer benchmarks and precedent transactions — for boards, investors and advisors assessing where the business stands.

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Key figures

$293.03
Share Price
vs $435.75 52-week high
$379.87
Methods' Median Value
vs $293.03 market price
4.7%
CY2026 Revenue Growth
peer average 0.8%
7.9x
Precedent Median EV/EBITDA
vs 13.2x market EV/CY2027E EBITDA

Read the report

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COMPANY VALUATION & STRATEGIC INSIGHTS

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DOMINO'S PIZZA, INC. (DPZ) · CONSUMER STAPLES › FOOD, BEVERAGE AND TOBACCO › FOOD INGREDIENTS AND FLAVORINGS

Domino's Pizza: Growth Is Intact, the Market Is Pricing the Revenue Mix

Domino's Pizza, Inc. (DPZ) — valuation and strategic insights as of Sep 25, 2026, covering what the peer multiples, the company's own filed record and the transaction record imply about where the business stands.

Sep 25, 2026 snapshot

Prepared by NeuraCap AI · Confidential

Illustrative valuation perspectives — not an opinion of value, not a fairness opinion, not a price target.

DPZ Valuation & Strategy | Sep 25, 2026 | Confidential | Not investment advice

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Executive summary

Domino's Pizza trades at $293.03 against a $379.87 methods' median, a +30% gap, after a -33% share price move over the year despite 4.7% CY2026 revenue growth. The company's 21.3% EBITDA margin trails the 22.6% peer average, and precedent transactions clear at a 7.9x median versus DPZ's 13.2x market multiple. The evidence points to the market pricing revenue mix rather than growth or earnings power, without asserting a target price or recommendation.

Key findings

  • DPZ: Valuation methods imply $379.87, a +30% gap to the $293.03 share price.
  • DPZ: Shares fell -33% over the year while CY2026 revenue growth held at 4.7%.
  • DPZ's 21.3% EBITDA margin trails the 22.6% peer average despite faster growth.
  • Precedent deals cleared at a 7.9x median, well under DPZ's 13.2x market multiple.

What each page shows

The analyst’s walkthrough of the deck, page by page.

  1. 01
    COMPANY VALUATION & STRATEGIC INSIGHTS

    DOMINO'S PIZZA, INC. (DPZ) · CONSUMER STAPLES › FOOD, BEVERAGE AND TOBACCO › FOOD INGREDIENTS AND FLAVORINGS

    Cover page introducing the Domino's Pizza, Inc. (DPZ) valuation and strategic insights as of September 25, 2026.

    We open with Domino's Pizza (DPZ) as of September 25, 2026, framing what the valuation methods imply, how the market has priced the company, where it ranks operationally and what the transaction record shows. This is illustrative analysis, not an opinion of value, and it sets up the pages that follow.

    Everything on this page

    COMPANY VALUATION & STRATEGIC INSIGHTS DOMINO'S PIZZA, INC. (DPZ) · CONSUMER STAPLES › FOOD, BEVERAGE AND TOBACCO › FOOD INGREDIENTS AND FLAVORINGS Domino's Pizza: Growth Is Intact, the Market Is Pricing the Revenue Mix Domino's Pizza, Inc. (DPZ) — valuation and strategic insights as of Sep 25, 2026, covering what the peer multiples, the company's own filed record and the transaction record imply about where the business stands. Sep 25, 2026 snapshot Prepared by NeuraCap AI · Confidential Illustrative valuation perspectives — not an opinion of value, not a fairness opinion, not a price target. DPZ Valuation & Strategy | Sep 25, 2026 | Confidential | Not investment advice Sources & methodology 1

  2. 02
    THE BOTTOM LINE

    Domino's Pizza Earns Like a Franchisor and Is Priced Like a Volume Supplier

    States the deck's central finding that Domino's Pizza's earnings profile reads like a franchisor while its market pricing reflects a volume supplier.

    We find that Domino's Pizza earns like a franchisor but is priced like a volume supplier: the valuation methods point to $379.87 against a $293.03 share price, a +30% gap. Shares fell -33% over the year even as CY2026 revenue growth held at 4.7%, well above the peer set. The company's 21.3% EBITDA margin sits below the 22.6% peer average, and that mix appears to be what the market is pricing. So the debate here is about revenue mix, not growth.

    Everything on this page

    THE BOTTOM LINE Domino's Pizza Earns Like a Franchisor and Is Priced Like a Volume Supplier Domino's Pizza (DPZ) · Sep 25, 2026 · valuation methods, market record, operating benchmarks, precedent transactions Source: NeuraCap analytics platform (financials, estimates, comparables, transaction record, filings); market data through 2026-09-25. Illustrative valuation perspectives — not an opinion of value, not a fairness opinion, not a price target. DPZ Valuation & Strategy | Sep 25, 2026 | Confidential | Not investment advice Sources & methodology 2 1 Domino's Pizza Sits at a Wide Discount to What the Methods Together Imply The methods' median is $379.87 against a $293.03 share price, a +30% gap. The comparable set implies $326.72 – $399.32 on 2026E EBITDA and $357.04 – $436.38 on 2026E non-GAAP EPS — illustrative only, but the clustering points at mix rather than earnings power. 2 The Year Re-Rated Domino's Pizza Down While the Business Kept Growing Weekly closes ran from $435.75 to $293.03, a -33% move, over a year in which CY2027E revenue growth is estimated at 4.7%. DPZ is marked at 13.2x EV/CY2027E EBITDA against a peer median of 15.3x on 2026E EBITDA. 3 Domino's Pizza Funds Shareholders and Store Growth from the Same Cash Engine Management has committed to a $1.99 quarterly dividend and authorized a further $1.0B of repurchases as of April 21, 2026, with $156.2 million of stock bought in Q2 2026. The 10-K sets 2026 capital expenditure at $120 million; Q2-26 revenue of $1,194.4 million was up 4.3%. 4 Buyers in This Category Have Paid Well Below Where Domino's Pizza Is Marked Across 8 precedent transactions the median EV/LTM EBITDA paid is 7.9x, with a 6.7x – 8.5x quartile band, against 13.2x EV/CY2027E EBITDA in the market today. The spread is what contracted royalty earnings command over owned throughput. $379.87 Median of the valuation methods vs the $293.03 share price — a +30% gap the deck explains 13.2x EV / CY2027E EBITDA — where DPZ trades peer median 15.3x — the multiple gap is the sentiment story 7.9x Median EV / LTM EBITDA paid for control across 8 precedent transactions — vs 13.2x in the market today 4.7% CY2027E revenue growth at a 21.3% EBITDA margin — the profile the market is pricing

  3. 03
    FOOTBALL FIELD VALUATION

    DPZ: The Market, the Peers and the Buyers Each Price This Company Differently

    Compares valuation ranges from the market, comparable multiples and precedent transactions against DPZ's current share price.

    Each bar applies a method's median multiple, plus or minus 10%, to Domino's Pizza's own financials. The comparable set implies $326.72 to $399.32 on 2026E EBITDA and $357.04 to $436.38 on 2026E EPS, while the market trades at $293.03. The methods' median of $379.87 sits above every one of those market prints. So the football field shows a market pricing this company more conservatively than the peer set or the precedent deals suggest.

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    FOOTBALL FIELD VALUATION DPZ: The Market, the Peers and the Buyers Each Price This Company Differently Sep 25, 2026 snapshot · each bar = the method's median multiple ±10%, applied to the company's own financials · Illustrative valuation perspectives — not an opinion of value, not a fairness opinion, not a price target. Source: NeuraCap analytics platform (financials, estimates, comparables, transaction record, filings); market data through 2026-09-25. Illustrative valuation perspectives — not an opinion of value, not a fairness opinion, not a price target. DPZ Valuation & Strategy | Sep 25, 2026 | Confidential | Not investment advice Sources & methodology 3 Each bar applies a method's median multiple, ±10%, to the company's own financials; the amber line is the $293.03 share price and the teal line the methods' median at $379.87. $0 $200 $400 $600 Multiples teal line = median of the valuation methods (+30% vs the share price) · amber line = current share price · shaded band = middle half of the methods TRADING 52-Week High-Low $282.00 $442.35 Analyst target range $315.00 $480.00 PUBLIC COMPARABLES EV / 2026E EBITDA $326.72 $399.32 13.79x – 16.86x EV / 2025A Revenue $480.74 $587.57 2.87x – 3.50x EV / 2026E Revenue $452.95 $553.61 3.11x – 3.80x EV / 2027E Revenue $444.74 $543.58 2.91x – 3.56x P/E (2026E Non-GAAP EPS) $357.04 $436.38 18.80x – 22.98x P/E (2027E Non-GAAP EPS) $379.22 $463.49 18.22x – 22.27x PRECEDENT TRANSACTIONS EV / LTM EBITDA $86.97 $106.29 7.07x – 8.64x EV / NTM EBITDA $71.86 $87.82 6.18x – 7.55x EV / LTM Revenue $40.50 $49.50 0.98x – 1.19x EV / NTM Revenue $32.08 $39.20 0.92x – 1.12x Methods median $379.87 Share price $293.03

  4. 04
    MARKET PRICES & THE FILING RECORD

    Domino's Pizza: Steady Filings Met by a Steadily Lower Share Price

    Plots weekly DPZ share price closes against the company's SEC filings over the trailing year.

    Weekly closes ran from $435.75 down to $293.03 over the year, a -33% move, with each numbered marker tied to a filing. We link price moves to filings only where the record supports it, and say so plainly where it doesn't. So readers can see which moves are explained by disclosed events and which are not.

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    MARKET PRICES & THE FILING RECORD Domino's Pizza: Steady Filings Met by a Steadily Lower Share Price Weekly closes, Sep 28, 2025 – Sep 25, 2026 · range $293.03 – $435.75 · last $293.03 · numbered markers = the filings below Source: NeuraCap analytics platform (financials, estimates, comparables, transaction record, filings); market data through 2026-09-25. Move-to-event links use calibrated language; where no filing explains a move, the page says so. DPZ Valuation & Strategy | Sep 25, 2026 | Confidential | Not investment advice Sources & methodology 4 $300 $400 2025-09 2025-11 2026-01 2026-03 2026-05 2026-07 2026-08 1 2 3 4 5 6 7 8 Shares closed the window at $293.03 from $435.75, a -33% move, across a year in which the filings showed growth rather than disruption. 1 Oct 19, 2025 · Earnings Release & Result of Operations Filed 10-Q - 2025-10-14 - Domino's Pizza reported Q3 2025 results, showing 6.2% revenue growth, 214 net store openings, higher income from… 2 Nov 30, 2025 · Executive, Officer & Director Appointment / Departure Filed 8-K - 2025-11-25 - Domino's Pizza disclosed that board member C. Andrew Ballard resigned effective immediately on November 19, 2025. 3 Feb 22, 2026 · Executive, Officer & Director Appointment / Departure Filed 8-K - 2026-02-20 - Domino's Pizza, Inc. announced that long-time director James A. Goldman will retire from the Board and will not… 4 Mar 1, 2026 · Earnings Release & Result of Operations Filed 8-K - 2026-02-23 - Domino's Pizza reported Q4 and fiscal 2025 results, showing revenue and profit growth, and announced a 15% increase… 5 Apr 26, 2026 · Shareholder Meeting, Proxy & Voting Matter Filed 8-K - 2026-04-24 - Domino's Pizza disclosed the voting outcomes of its 2026 annual shareholder meeting, covering director elections… 6 May 3, 2026 · Executive, Officer & Director Appointment / Departure Filed 8-K - 2026-04-27 - Domino's Pizza, Inc. appointed Brian J. Pangburn as Vice President—Controller, effective April 21, 2026, succeeding…

  5. 05
    PERFORMANCE METRICS

    Domino's Pizza Is Priced for Margin Durability, Not Acceleration

    Shows CY2026E-CY2029E estimate levels and growth/margin trends for Domino's Pizza.

    The estimate series shows CY2026 revenue growth of 4.7% alongside a 21.3% EBITDA margin, carried through the estimate horizon. Margin durability, not top-line acceleration, is the pattern the published estimates carry. So the natural read of this page is a market focused on holding margin, not on growth surprise.

    Everything on this page

    PERFORMANCE METRICS Domino's Pizza Is Priced for Margin Durability, Not Acceleration CY2026E – CY2029E · bars = level, line = growth / margin · estimates are the platform's, shown as published Source: NeuraCap analytics platform (financials, estimates, comparables, transaction record, filings); market data through 2026-09-25. Growth and margin are computed from the published series; estimate years are marked E. DPZ Valuation & Strategy | Sep 25, 2026 | Confidential | Not investment advice Sources & methodology 5 The estimates carry CY2026E revenue of $5.0B at a 21.0% EBITDA margin, rising to $5.2B and a 21.3% EBITDA margin in CY2027E on 4.7% growth. REVENUE & REVENUE GROWTH $5.0B 2026E $5.2B 2027E $5.3B 2028E $5.5B 2029E 4.7% 2.4% 3.9% bars: revenue (navy = actual, blue = estimate) · line: revenue growth EBITDA & EBITDA MARGIN $1.0B 2026E $1.1B 2027E 21.0% 21.3% bars: ebitda (navy = actual, teal = estimate) · line: ebitda margin · CY2028E, CY2029E not shown: no EBITDA figure published

  6. 06
    INVESTMENT BANKING KPI BENCHMARKING

    Domino's Pizza Out-Grows the Peer Set but Earns a Thinner EBITDA Margin

    Benchmarks DPZ's growth and margin against the peer set, with peer averages marked.

    Domino's Pizza's 4.7% CY2026 revenue growth sits well above the 0.8% peer average, with PZZA at -8.5% and IFF at -27.3% pulling that average down. Yet DPZ's EBITDA margin of 21.3% trails the 22.6% peer average. So the company is out-growing its peer set while earning a thinner margin on that growth — a gap worth watching as the mix shifts.

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    INVESTMENT BANKING KPI BENCHMARKING Domino's Pizza Out-Grows the Peer Set but Earns a Thinner EBITDA Margin Domino's Pizza (DPZ) highlighted · vertical line = peer average excluding the target Source: NeuraCap analytics platform (financials, estimates, comparables, transaction record, filings); market data through 2026-09-25. DPZ's 4.7% CY2026 revenue growth sits well above the 0.8% peer average, with PZZA at -8.5% and IFF at -27.3% pulling that average down. DPZ Valuation & Strategy | Sep 25, 2026 | Confidential | Not investment advice Sources & methodology 6 CY2026 REVENUE GROWTH DPZ 4.7% MCD 4.9% PZZA -8.5% YUM 8.6% BCPC 9.1% ALTO 4.0% WEST 3.9% SXT 11.8% IFF -27.3% Peer average 0.8% CY2026 EBITDA MARGIN DPZ 21.3% MCD 55.1% PZZA 9.8% YUM 33.5% BCPC 27.2% ALTO 7.2% WEST 7.7% SXT 19.8% IFF 20.3% Peer average 22.6%

  7. 07
    COMPANY VALUATION METRICS

    The Comparable Set, with DPZ Highlighted

    Lists the comparable company set with DPZ highlighted against peer median multiples.

    The peer median stands at 15.3x on 2026E EBITDA and 20.9x on 2026E earnings, against 13.2x EV/CY2027E EBITDA for Domino's Pizza. That gap is the clearest single read of how the market discounts this company relative to its peer set. So the multiple discussion starts here, not with the growth numbers.

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    COMPANY VALUATION METRICS The Comparable Set, with DPZ Highlighted The peer median is 15.3x on 2026E EBITDA and 20.9x on 2026E earnings, against 13.2x EV/CY2027E EBITDA for DPZ. Source: NeuraCap analytics platform (financials, estimates, comparables, transaction record, filings); market data through 2026-09-25. Summary rows are computed over the peer set (outlier multiples excluded); the target row is shown for reference, not included in its own benchmark. ‡ peer added from the company's industry tier: the platform's refined set held 3 names, so the set was extended with industry members (see the sources page). DPZ Valuation & Strategy | Sep 25, 2026 | Confidential | Not investment advice Sources & methodology 7 Company Price EV Mkt cap CY2027E Rev CY2027E Growth CY2027E Margin P/E 2027E P/E 2028E EV/Rev 2027E EV/EBITDA 2027E DPZ — Domino's Pizza, Inc. $293.03 $14.7B $9.7B $5.2B 4.7% 21.3% 15.4x 14.1x 2.8x 13.2x MCD — McDonald's Corporation $237.02 $221B $168B $28.2B 4.9% 55.1% 18.4x 17.0x 7.9x 14.3x PZZA — Papa John's International, Inc. $20.22 $1.6B $665M $1.9B -8.5% 9.8% 16.9x 15.0x 0.8x 8.6x YUM — Yum! Brands, Inc. $137.34 $49.1B $37.5B $8.9B 8.6% 33.5% 20.9x 19.0x 5.5x 16.4x BCPC — Balchem Corp ‡ $167.84 $5.5B $5.4B $1.1B 9.1% 27.2% 31.1x 29.8x 4.9x 17.9x ALTO — Alto Ingredients, Inc. ‡ $3.74 $349M $290M $954M 4.0% 7.2% 9.8x 11.3x 0.4x 5.1x WEST — Westrock Coffee Company, LLC ‡ $7.97 $1.3B $778M $1.2B 3.9% 7.7% n/a 342.1x 1.1x 13.7x SXT — Sensient Technologies Corporation ‡ $128.22 $6.2B $5.5B $1.8B 11.8% 19.8% 30.7x 25.9x 3.4x 17.4x IFF — International Flavors & Fragrances Inc. ‡ $85.85 $27.5B $21.9B $7.9B -27.3% 20.3% 24.9x 21.5x 3.5x 17.1x Peer average 21.8x 19.9x 3.4x 13.8x Peer median 20.9x 19.0x 3.5x 15.3x

  8. 08
    MERGERS & ACQUISITIONS

    Domino's Pizza: The Transaction Record Pays for Royalties, Not for Tonnage

    Reviews precedent transactions in the sector, highlighting the multiples buyers have paid for manufacturing and distribution assets.

    The deals that read most directly onto Domino's Pizza — the manufacturing and distribution transactions — cleared at 8.0x and 7.7x LTM EBITDA. Across the full set, the median EV/LTM EBITDA paid is 7.9x, well below the 13.2x EV/CY2027E EBITDA at which DPZ is marked today. So buyers in this category have historically paid for contracted, royalty-like earnings, not for owned throughput.

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    MERGERS & ACQUISITIONS Domino's Pizza: The Transaction Record Pays for Royalties, Not for Tonnage The deals that read most directly onto Domino's Pizza are the manufacturing and distribution ones — TreeHouse Foods, Inc. at 8.0x LTM EBITDA, 8th Avenue Food & Provisions, Inc. at 7.7x and Cheney Bros., Inc. Source: NeuraCap analytics platform (financials, estimates, comparables, transaction record, filings); market data through 2026-09-25. Multiples are LTM/NTM at announcement where disclosed; values link to the record where a link exists. Summary rows exclude outlier multiples (disclosed on the sources page), show their n, and are suppressed (n/a) where fewer than 3 deals carry the multiple. The strategic read is a NeuraCap analytical view. * 4 of the transactions shown come from the precedent records of peers (MCD): the company's own record held too few with disclosed terms, so the set was extended. DPZ Valuation & Strategy | Sep 25, 2026 | Confidential | Not investment advice Sources & methodology 8 Announced Acquirer Target Deal value EV LTM Rev LTM EBITDA LTM EV/Rev LTM EV/EBITDA NTM EV/Rev NTM EV/EBITDA 2025-11-10 Investindustrial TreeHouse Foods, Inc. $1.2B $2.9B $3.3B $341M 0.9x 8.0x 0.9x 7.8x 2025-11-03 TriArtisan Capital Advisors LLC Denny’s Corporation * $395M $809M $457M $82M 1.8x 8.0x 1.7x 10.7x 2025-10-15 Yadav Enterprises, Inc. Del Taco restaurant operations (Del Taco Holdings Inc.) * $115M n/a n/a n/a n/a 5.9x n/a n/a 2025-09-23 RaceTrac, Inc. Potbelly Corporation * $514M $645M $469M $30M 1.4x 21.7x 1.3x n/a 2025-06-03 Post Holdings, Inc. 8th Avenue Food & Provisions, Inc. $880M n/a n/a n/a n/a 7.7x n/a n/a 2025-04-07 Biglari Capital Corp El Pollo Loco Holdings, Inc. * $270M $528M $476M $61M 1.1x 6.1x 1.1x n/a 2024-08-13 Performance Food Group Company Cheney Bros., Inc. $2.1B n/a n/a n/a n/a 9.9x n/a n/a 2021-10-26 Post Holdings, Inc. BellRing Brands, Inc. $1.0B $1.6B $1.2B $234M 1.3x 6.9x 1.2x 6.0x 75th percentile 1.4x 8.5x 1.3x 9.2x Average 1.3x 9.3x 1.2x 8.1x Median 1.3x 7.9x 1.2x 7.8x 25th percentile 1.1x 6.7x 1.1x 6.9x n (deals carrying the… n=5 n=8 n=5 n=3 THE STRATEGIC READ Across 8 transactions the median EV/LTM EBITDA paid is 7.9x, below the 13.2x EV/CY2027E EBITDA where DPZ is marked; the NTM EBITDA figures rest on a small set of 3 deals and are not read against it. Buyers paid up where earnings were contracted and hard to displace — Potbelly Corporation at 21.7x against El Pollo Loco Holdings, Inc. at 6.1x.

  9. 09
    STRATEGIC ROADMAP

    Domino's Pizza: Four Moves That Put the Earnings Mix Behind the Multiple

    Presents four strategic moves for evaluation, drawn from the sector study, market pricing and precedent transactions.

    We lay out four moves for evaluation: shifting owned stores to franchisees, pricing the food basket for mix, sustaining the buyback and using the leadership transition to reset the margin agenda. Management has authorized $1.0B of further repurchases and bought back $156.2 million of stock in a recent quarter, while 2026 capital expenditure is set at $120 million. A 2.2% food-basket increase touched a segment worth 61.3% of revenue at a 40.0% gross margin. So each option is framed as an input to the multiple debate, not an instruction.

    Everything on this page

    STRATEGIC ROADMAP Domino's Pizza: Four Moves That Put the Earnings Mix Behind the Multiple NeuraCap analytical views grounded in the sector study, the latest market window and the precedent transactions · observations, not recommendations Source: NeuraCap analytics platform (financials, estimates, comparables, transaction record, filings); market data through 2026-09-25. Each option is framed for evaluation, not as an instruction; the evidence chips show where each input comes from. DPZ Valuation & Strategy | Sep 25, 2026 | Confidential | Not investment advice Sources & methodology 9 EVIDENCE Precedent transactions: 8 (4 via peers) NEAR TERM Move More Owned Stores into Franchisee Hands The Q2-26 filings record 77 U.S. stores refranchised in Virginia and Michigan for $19.8 million of proceeds and a $4.1 million pre-tax gain. Company-owned stores are 3% of revenue; each conversion swaps store operating cost for royalty income, the earnings the peer multiples reward. MEDIUM TERM Price the Food Basket for Mix, Not Only for Cost Recovery A 2.2% food-basket price increase added roughly $19 million to supply-chain revenue in the quarter, in a segment at 61.3% of Q2-26 revenue and 40.0% gross profit margin. Holding price/mix as input costs move is what would carry the 21.3% CY2026 EBITDA margin toward the 22.6% peer average. NEAR TERM Keep the Buyback Pointed at a Gap This Wide Management authorized a further $1.0B of repurchases as of April 21, 2026 and bought back $156.2 million of stock in Q2 2026, alongside the $1.99 quarterly dividend. With 2026 capital expenditure set at $120 million and $263.6 million undrawn on the 2025 notes, the capacity is there.

  10. 10
    WHAT IT MEANS

    DPZ: What It Means

    Translates the evidence into implications for the board, potential partners and advisors.

    For the board, the levers that close the gap to the methods' median are revenue quality, mix and margin durability. For partners and investors, the precedent multiples and comparable set — a 7.9x median against a 13.2x market multiple — frame every conversation about this company. For advisors, the disagreement between market, peers and buyers is the conversation to lead with. So each audience has a distinct, evidence-based starting point.

    Everything on this page

    WHAT IT MEANS DPZ: What It Means The evidence translated for the people who act on it · NeuraCap view · observations, not recommendations Source: NeuraCap analytics platform (financials, estimates, comparables, transaction record, filings); market data through 2026-09-25. This page is analytical interpretation drawn from the recorded evidence. It is not investment advice. DPZ Valuation & Strategy | Sep 25, 2026 | Confidential | Not investment advice Sources & methodology 10 FOR THE BOARD & OWNERS Move the Levers That Close the Gap to the Methods' Median The methods page shows where the value sits and the benchmarking page shows which operating gaps are structural and which are executional. Revenue quality, mix and margin durability are the levers that move the multiple. FOR POTENTIAL PARTNERS & INVESTORS The Precedent Transactions Set the Reference Precedent multiples and the comparable set frame every conversation about this company; the summary rows carry the figures, each with its n. FOR ADVISORS Lead with the Disagreement, Not the Data The football field's gap between market, peers and buyers is the conversation; the benchmarking page and the transaction record are its support.

  11. 11
    SOURCES & METHODOLOGY

    Sources, Methodology and Important Notice

    Explains the sources behind each figure and the methodology used to build the analysis.

    This page traces every figure to the record it was taken from, and where a figure has no direct link, names its source and the basis on which it was read. The analysis draws on SEC filings, consensus estimates and market prices through September 25, 2026. So any number in this deck can be checked against its original source.

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    SOURCES & METHODOLOGY Sources, Methodology and Important Notice How this company deck is built and what each kind of statement rests on · Sep 25, 2026 Every figure on these pages links to the record it was taken from; where a figure has no link, this page names its source and the basis on which it was read. DPZ Valuation & Strategy | Sep 25, 2026 | Confidential | Not investment advice 11 OBSERVED DATA Prices, financials, estimates, comparables and the transaction record come from the NeuraCap analytics platform exactly as recorded; filings link to their source. Nothing on any page is re-derived from outside data. PEER SET & PRECEDENTS The platform's refined peer set for Domino's Pizza held 3 name(s). Peer set extended with industry members: 5 public member(s) of the company's own industry tier (Food Ingredients and Flavorings: BCPC, ALTO, WEST, SXT, IFF) were appended in the platform's priority order, so the comparables, benchmarks and precedent record rest on 8 peers. Tier-added peers are marked ‡ on the comparables page. Domino's Pizza's own precedent record held too few transactions with a disclosed value or multiple, so the… VALUATION METHODS Each football-field bar applies a method’s median multiple, ±10% (peer multiples, or precedent-transaction multiples), to the company’s own financials; per-share values bridge enterprise value through recorded net debt and diluted shares. Illustrative valuation perspectives — not an opinion of value, not a fairness opinion, not a price target. MULTIPLE QUALITY All recorded multiples passed the sanity bounds; none were excluded. INHERITED CONTEXT No sector study or weekly update was linked to this run; positioning statements are limited accordingly. DRIVER ATTRIBUTION A share-price move is linked to a filing only in calibrated language ("the move appears to reflect…"). Where no filing explains a move, the page says so. ANALYTICAL INTERPRETATION The roadmap and what-it-means pages are NeuraCap analytical views drawn from the recorded evidence, labeled as such, framed for evaluation. IMPORTANT NOTICE This report is informational only. Illustrative valuation perspectives — not an opinion of value, not a fairness opinion, not a price target. It is not investment advice, not a recommendation to buy or sell any security, and not an offer of any kind. Readers should perform their own diligence before acting on anything described here. Linked sources: sec.gov

Sources and methodology

Domino's Pizza's financials, share price, market capitalisation and enterprise value are as recorded from its SEC filings and market data as of September 25, 2026; forward figures are analyst consensus estimates. The peer set is the listed companies whose business most closely overlaps Domino's Pizza's, selected by comparing reported business segments: McDonald's Corporation (MCD), Papa John's International, Inc. (PZZA), Yum! Brands, Inc. (YUM), Balchem Corp (BCPC), Alto Ingredients, Inc. (ALTO), Westrock Coffee Company, LLC (WEST), Sensient Technologies Corporation (SXT), International Flavors & Fragrances Inc. (IFF). Peer multiples, growth and margins are computed from their filings, consensus estimates and market prices as of September 25, 2026.

What this report is built from

Domino's Pizza's financials, share price, market capitalisation and enterprise value are as recorded from its SEC filings and market data as of September 25, 2026; forward figures are analyst consensus estimates. The peer set is the listed companies whose business most closely overlaps Domino's Pizza's, selected by comparing reported business segments: McDonald's Corporation (MCD), Papa John's International, Inc. (PZZA), Yum! Brands, Inc. (YUM), Balchem Corp (BCPC), Alto Ingredients, Inc. (ALTO), Westrock Coffee Company, LLC (WEST), Sensient Technologies Corporation (SXT), International Flavors & Fragrances Inc. (IFF). Peer multiples, growth and margins are computed from their filings, consensus estimates and market prices as of September 25, 2026.

The valuation methods and how the ranges are computed

Each football-field bar applies one valuation method to Domino's Pizza's own financials. For a peer method the multiple is the median of the peer set's multiples (for example EV over the calendar-year consensus EBITDA); for a precedent method it is the median multiple paid in the recorded transactions (EV over the target's last-twelve-month revenue or EBITDA at announcement). Each bar spans that median ±10% and is applied to the company's own revenue or EBITDA for the same basis; enterprise value is bridged to a per-share value through recorded net debt and diluted shares, and the trading range and analyst range are shown alongside for reference. A multiple outside sanity bounds (P/E 2–100x, EV/EBITDA 1–60x, EV/Revenue 0.2–30x) is excluded from every range and disclosed. The methods' median is the median of the bar midpoints. All valuation content is an illustrative perspective, not an opinion of value.

KPI benchmarking

Growth and EBITDA margin are compared across the peer set; the peer average excludes Domino's Pizza so the company is measured against its peers rather than a set it is part of. Metrics benchmarked: CY2026 Revenue Growth, CY2026 EBITDA Margin. Where one peer's figure is far outside the rest of the set, its bar is drawn not to scale and marked, and its true figure is printed.

Precedent transactions

The precedent record is the set of recorded transactions involving Domino's Pizza's peers and closest comparables, taken from SEC filings, with the 75th percentile, average, median and 25th percentile of the disclosed multiples. Multiples are LTM/NTM at announcement where disclosed; values link to the record where a link exists.

Inherited context

No sector study or bi-weekly update was linked to this report; positioning statements are limited accordingly.

Sources

Company financials and filings: the company's SEC filings on EDGAR. Peer financials, transaction terms and events: SEC filings on EDGAR, linked from each figure. Forward figures: analyst consensus estimates. Prices and market capitalisations: market data as of September 25, 2026.

Interpretation and important notice

The strategic roadmap and what-it-means pages are NeuraCap analytical views drawn from the recorded evidence, framed for evaluation and not as instructions. Illustrative valuation perspectives — not an opinion of value, not a fairness opinion, not a price target. This report is informational and not investment advice.

This report is published for information only. It is not a recommendation to buy or sell any security, an offer or solicitation, an appraisal or a fairness opinion, and no fiduciary relationship is created by reading it. Multiples that fail NeuraCap’s plausibility gates are excluded and never plotted. See the full methodology and the disclaimer.

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