Jersey Mike's upgraded to Buy with strong growth and undervalued shares offering double-digit upside.

Jersey Mike's (JMKE) is now trading at about 18 times EBITDA, prompting an upgrade to a Buy rating due to its strong unit economics and promising expansion plans. Franchisees see payback periods of around three years, supported by high average unit volumes across regions, indicating solid growth potential. Founder Peter Cancro is leading a credible UK expansion targeting 400 stores, aiming to replicate U.S. success against competitors. Valuation models through 2030 suggest the stock is undervalued by 3–34%, with potential for margin improvements and future dividends enhancing its long-term investment appeal.

Jersey Mike's (JMKE) shares are trading at USD 18.00 on Pluang, down 1.75% in the last day. The stock's market cap stands at $5.82 billion as of Oct 17, 2026 00:51 WIB.