TSX · Restaurants · CAD

Pizza Pizza Royalty Corp. (PZA.TO) Stock Analysis

Pizza Pizza Royalty Corp. (PZA.TO) is a Restaurants stock listed on TSX and quoted in Canadian Dollar.

Last Updated: October 21, 2026

PZA.TO

CA$10.52

−CA$0.10 (−0.94%)

Oct 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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PZA.TO Key Statistics

As of Oct 21, 2026

Trading

Open: CA$10.67
Previous Close: CA$10.62
Day's Range: 10.42–10.67
52-Week Range: 10.10–16.73
Volume: 89.56K
Beta: 0.63

Valuation

P/E Ratio: 11.56
Forward P/E: 11.07
EPS (ttm): 0.91

Financials (FY)

Revenue (FY): CA$40.79M+2.47%
Net Income (FY): CA$31.34M+1.18%
Profit margin: 76.55%
1-Year Return: −30.38%

Dividend and dates

Dividend: CA$0.81+7.63%
Ex-Dividend Date: September 29, 2026
Earnings Date: November 4, 2026estimated
Avg Volume: 105.34K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, PZA.TO closed at CA$10.52, −30.38% over 1 year.

In fiscal 2025, PZA.TO reported revenue of CA$40.79M.

PZA.TO Stock Return by Calendar Year

Pizza Pizza Royalty Corp. (PZA.TO) 10-year return: what CA$10,000 became

1 year: CA$10,000 CA$6,962; −30.38%
5 years: CA$10,000 CA$12,249; +22.49%
10 years: CA$10,000 CA$13,235; +32.35%

If you had invested CA$10,000 in Pizza Pizza Royalty Corp. (PZA.TO) 10 years ago, at the close on October 21, 2016, it would have been worth CA$13,235 at the close on October 21, 2026: +32.35% in total, +2.84% a year, with dividends reinvested. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

−40.39%+39.06%−30.16%

2016*2017201820192020202120222023202420252026*

Year	Return
2026 (partial year)	−30.16%
2025	+27.83%
2024	−5.27%
2023	+14.91%
2022	+20.70%
2021	+39.06%
2020	+1.68%
2019	+18.97%
2018	−40.39%
2017	−3.55%
2016 (partial year)	+18.90%

As of October 21, 2026.

PZA.TO Revenue and Earnings by Fiscal Year

FY ends December

RevenueNet income

2022202320242025

Fiscal year	Revenue	Net income	Net margin
2025	CA$40.79M	CA$31.34M	76.8%
2024	CA$39.81M	CA$30.97M	77.8%
2023	CA$40.22M	CA$30.98M	77.0%
2022	CA$36.43M	CA$27.55M	75.6%

Fiscal year	Revenue	Gross profit	Operating income	Net income	Net margin
2025	CA$40.79M	—	CA$39.96M	CA$31.34M	76.8%
2024	CA$39.81M	—	CA$39.09M	CA$30.97M	77.8%
2023	CA$40.22M	—	CA$39.58M	CA$30.98M	77.0%
2022	CA$36.43M	—	CA$35.80M	CA$27.55M	75.6%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

PZA.TO Dividend History

’16’17’18’19’20’21’22’23’24’25’26*

CA$0.94+0.0% vs 2024

Dividends per share, 2025 · 12 payments

Year	Dividends per share	Payments	Change
2026*	CA$0.58	8	—
2025	CA$0.94	12	+0.0%
2024	CA$0.94	12	+5.2%
2023	CA$0.89	12	+11.2%

Year	Dividends per share	Payments	Change
2026 (partial year)	CA$0.58	8	—
2025	CA$0.94	12	+0.0%
2024	CA$0.94	12	+5.2%
2023	CA$0.89	12	+11.2%
2022	CA$0.80	12	+16.8%
2021	CA$0.69	12	+1.8%
2020	CA$0.67	12	−21.0%
2019	CA$0.85	12	+0.0%
2018	CA$0.85	12	+0.0%
2017	CA$0.85	12	+300.0%
2016	CA$0.21	3	—

Most recent payment: CA$0.07 per share, ex-dividend August 31, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

PZA.TO Valuation vs Restaurants Median

Median of 58 stocks

Metric	PZA.TO	Restaurants median	vs median
P/E	11.56	21.10	45% below
Profit margin	76.55%	2.36%	74.2 pts above

Medians across 58 Restaurants stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Analysis

Data-derived

Company Overview

Pizza Pizza Royalty Corp. trades under the ticker PZA.TO. It is classified in the Restaurants industry, within the Consumer Cyclical sector.

Over the past 52 weeks the price has ranged from CA$10.10 to CA$16.73. The most recent close on file for PZA.TO is CA$10.52, dated October 21, 2026. That is −CA$0.10 (−0.94%) against the previous close. The latest close sits 4.16% above that 52-week low.

Financial Health

In fiscal 2025, Pizza Pizza Royalty Corp. reported revenue of CA$40.79M. Against the prior fiscal year total of CA$39.81M, that is a change of +2.47%. The same year closed with net income of CA$31.34M. That is +1.18% against the prior fiscal year. The reported profit margin is 76.55%. That is 74.2 percentage points above the Restaurants median of 2.36%. Trailing earnings per share are 0.91.

Across the 4 fiscal years on file, revenue moves from CA$36.43M in 2022 to CA$40.79M in 2025. Of those 4 years, 4 report positive net income.

Valuation Assessment

PZA.TO trades at a trailing price-to-earnings ratio of 11.56. That is 45.21% below the Restaurants median of 21.1. On forward earnings the ratio is 11.07. The medians here are taken across 58 Restaurants companies that report the metric.

The reported beta is 0.63. Daily returns over the trailing 10 years annualize to a volatility of 21.48%. Over the trailing twelve months the total return is −30.38%. Measured over 10 years, that is +2.84% a year compounded.

Growth & Income

PZA.TO pays a dividend yielding 7.63%. That is 5.1 percentage points above the Restaurants median yield of 2.54%. At the indicated rate that is CA$0.81 a share a year. The ex-dividend date on file is September 29, 2026. Dividends are recorded for 11 calendar years; 2026 shows 8 payments totalling CA$0.58 a share. The year before, 2025, totalled CA$0.94 a share.

Across the complete calendar years on file, 2021 returned +39.06% and 2018 returned −40.39%. Of the 9 complete calendar years on file, 6 finished higher. 2026 is still running; the total return is −30.16% year to date.

Peer Comparison

Pizza Pizza Royalty Corp. (PZA.TO) operates in the Restaurants industry. Here is how it compares to its closest peers by market capitalization:

Company	Ticker	Market Cap	P/E Ratio
Pizza Pizza Royalty Corp.	PZA.TO	—	11.6
McDonald's Corporation	MCD	$174.26B	20.0
Starbucks Corporation	SBUX	$112.95B	57.3
Yum! Brands, Inc.	YUM	$41.27B	19.1

The Restaurants industry average P/E ratio is 21.1x. Pizza Pizza Royalty Corp. trades at a P/E of 11.6.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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About Pizza Pizza Royalty Corp.

Pizza Pizza Royalty Corp., through its subsidiary, Pizza Pizza Royalty Limited Partnership, franchises and operates quick-service restaurants under the Pizza Pizza, and Pizza 73 brands in Canada. The company was incorporated in 1967 and is headquartered in Toronto, Canada.

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