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Noble Roman'sNROM 31 Debt-to-EBITDA is 2.89 as of Jun. 2026, which is 3% below its 10-year median of 2.99. GuruFocus rates NROM with a GF Score™ of 31/100 and a GF Value™ of $0.35 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 303 Restaurants companies, Noble Roman's ranks better than 56.44% on this metric.
Debt-to-EBITDA measures a company's ability to pay off its debt.
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
The historical rank and industry rank for Noble Roman's's Debt-to-EBITDA or its related term are showing as below:
NROM'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -11.99 Med: 2.99 Max: 16.93
Current: 2.34
During the past 13 years, the highest Debt-to-EBITDA Ratio of Noble Roman's was 16.93. The lowest was -11.99. And the median was 2.99.
NROM's Debt-to-EBITDA is ranked better than 56.44% of 303
companies
in the Restaurants industry
Industry Median: 2.92
vs NROM: 2.34
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.
According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
Noble Roman's Debt-to-EBITDA Related Terms
Noble Roman's Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Noble Roman's's Debt-to-EBITDA can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NROM vs GTIM, HWH, MHGU: Debt-to-EBITDA Comparison
For the Restaurants subindustry, Noble Roman's's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Noble Roman's Debt-to-EBITDA vs Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, Noble Roman's's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Noble Roman's's Debt-to-EBITDA falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data,
the EBITDA data used here is four times the quarterly (Jun. 2026) EBITDA data.
Noble Roman's (NROM) has a Debt-to-EBITDA of 2.89 as of Jun. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Noble Roman's. This is near median its historical median of 2.99. According to the industry distribution chart, Noble Roman's ranks #132 out of 303 companies in the Restaurants industry, placing it in the top 43.6%.
Is Noble Roman's' Debt-to-EBITDA too high?
Noble Roman's' current Debt-to-EBITDA of 2.89 is near median its 10-year median of 2.99. The Restaurants industry median Debt-to-EBITDA is 2.92. Noble Roman's' value of 2.89 is 1% below this industry median. Based on the distribution chart, Noble Roman's ranks #132 out of 303 companies in the Restaurants industry, which is above the industry midpoint. Overall, Noble Roman's has a GF Score™ of 31/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Noble Roman's' Debt-to-EBITDA compare to GTIM and HWH?
According to the Restaurants industry distribution chart, Noble Roman's ranks #132 out of 303 companies for Debt-to-EBITDA. This puts Noble Roman's in the upper half of its industry. The industry median Debt-to-EBITDA is 2.92. Noble Roman's' value of 2.89 is 1% below this benchmark. While the company's 10-year median is 2.99 vs. the industry median of 2.92, Noble Roman's has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for a Restaurants company?
The median Debt-to-EBITDA among Restaurants companies is 2.92, based on 303 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Noble Roman's's current Debt-to-EBITDA of 2.89 is 1% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Noble Roman's. For the Restaurants industry, the median Debt-to-EBITDA is 2.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Noble Roman's's current Debt-to-EBITDA is 2.89, which is near median its own 10-year median of 2.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Noble Roman's stock overvalued right now?
Based on GuruFocus' analysis, Noble Roman's (NROM) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.35, compared to a current price of $0.67 — trading 91.4% above its estimated fair value. The current Debt-to-EBITDA is 2.89, which is near median its 10-year median of 2.99 and 1% below the Restaurants industry median of 2.92. Noble Roman's' overall GF Score™ is 31/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For Noble Roman's (NROM), the current Debt-to-EBITDA is 2.89 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Noble Roman's (NROM) Overvalued in 2026?
Based on GuruFocus' analysis, Noble Roman's stock appears to be overvalued.
The current stock price of $0.67 is trading 91.4% above its estimated GF Value™ of $0.35.
GuruFocus considers Noble Roman's to be Significantly Overvalued.
Key valuation signals for NROM:
Debt-to-EBITDA: 2.89 (near median its 10-year median of 2.99)
GF Value™: $0.35 vs. price of $0.67 (91.4% above fair value)
Industry Position: 1% below the Restaurants median (#132 of 303)
No single metric tells the full story. See the NROM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Noble Roman's Inc is a restaurant operator. It sells and services franchises and licenses and operates Company-owned stand-alone restaurants and non-traditional foodservice operations under the trade names Noble Roman's Craft Pizza & Pub, Noble Roman's Pizza, Noble Roman's Take-N-Bake, and Tuscano's Italian Style Subs. The Company has two reportable operating segments: Franchising - Consists of franchise royalties, franchise fee revenue, manufacturer and distributor allowances, equipment commissions, and related support activities; and Company-Owned Restaurants - Consists of the operations of Company-owned Craft Pizza & Pub locations and Company-operated non-traditional restaurant locations.
31GF Score
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