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Noble Roman'sNROM -1.58%31 Debt-to-Equity is 2.48 as of Jun. 2026, which is 14% below its 10-year median of 2.87. GuruFocus rates NROM with a GF Score™ of 31/100 and a GF Value™ of $0.33 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 319 Restaurants companies, Noble Roman's ranks worse than 82.76% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Noble Roman's's Debt-to-Equity or its related term are showing as below:
NROM'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.3 Med: 2.87 Max: 20.93
Current: 2.48
During the past 13 years, the highest Debt-to-Equity Ratio of Noble Roman's was 20.93. The lowest was 0.30. And the median was 2.87.
NROM's Debt-to-Equity is ranked worse than 82.76% of 319
companies
in the Restaurants industry
Industry Median: 0.84
vs NROM: 2.48
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Noble Roman's Debt-to-Equity Related Terms
Noble Roman's Debt-to-Equity Historical Data
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The historical data trend for Noble Roman's's Debt-to-Equity 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-Equity Comparison
For the Restaurants subindustry, Noble Roman's's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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-Equity vs Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, Noble Roman's's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Noble Roman's's Debt-to-Equity 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.
Noble Roman's (NROM) has a Debt-to-Equity of 2.48 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Noble Roman's and its competitors. This is 14% below median its historical median of 2.87. Over the past decade, Noble Roman's' Debt-to-Equity has ranged from 0.30 to 20.93. According to the industry distribution chart, Noble Roman's ranks #264 out of 319 companies in the Restaurants industry, placing it in the top 82.8%.
Is Noble Roman's' Debt-to-Equity too high?
Noble Roman's' current Debt-to-Equity of 2.48 is 14% below median its 10-year median of 2.87. Over the past 10 years, this metric has ranged from a low of 0.30 to a high of 20.93. The Restaurants industry median Debt-to-Equity is 0.84. Noble Roman's' value of 2.48 is 195.2% above this industry median. Based on the distribution chart, Noble Roman's ranks #264 out of 319 companies in the Restaurants industry, which is in the bottom quartile relative to peers. 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-Equity compare to GTIM and HWH?
According to the Restaurants industry distribution chart, Noble Roman's ranks #264 out of 319 companies for Debt-to-Equity. This places Noble Roman's in the lower half of its industry. The industry median Debt-to-Equity is 0.84. Noble Roman's' value of 2.48 is 195.2% above this benchmark. Historically, Noble Roman's' own Debt-to-Equity has ranged from 0.30 to 20.93 over the past decade. While the company's 10-year median is 2.87 vs. the industry median of 0.84, Noble Roman's has consistently been above 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-Equity for a Restaurants company?
The median Debt-to-Equity among Restaurants companies is 0.84, based on 319 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Noble Roman's's current Debt-to-Equity of 2.48 is 195.2% above 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-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Noble Roman's and its competitors. For the Restaurants industry, the median Debt-to-Equity is 0.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Noble Roman's's current Debt-to-Equity is 2.48, which is 14% below median its own 10-year median of 2.87. 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 $0.33, compared to a current price of $0.56 — trading 70% above its estimated fair value. The current Debt-to-Equity is 2.48, which is 14% below median its 10-year median of 2.87 and 195.2% above the Restaurants industry median of 0.84. Noble Roman's' overall GF Score™ is 31/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Noble Roman's (NROM), the current Debt-to-Equity is 2.48 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 $0.56 is trading 70% above its estimated GF Value™ of $0.33.
GuruFocus considers Noble Roman's to be Significantly Overvalued.
Key valuation signals for NROM:
Debt-to-Equity: 2.48 (14% below median its 10-year median of 2.87)
GF Value™: $0.33 vs. price of $0.56 (70% above fair value)
Industry Position: 195.2% above the Restaurants median (#264 of 319)
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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