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NoodlesNDLS +22.68%52 Equity-to-Asset is -0.20 as of Mar. 2026. GuruFocus rates NDLS with a GF Score™ of 52/100 and a GF Value™ of $10.64 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 363 Restaurants companies, Noodles ranks worse than 92.56% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Noodles's Total Stockholders Equity for the quarter that ended in Mar. 2026 was $-48.0 Mil. Noodles's Total Assets for the quarter that ended in Mar. 2026 was $246.3 Mil.
Therefore, Noodles's Equity to Asset Ratio for the quarter that ended in Mar. 2026 was -0.20.
The historical rank and industry rank for Noodles's Equity-to-Asset or its related term are showing as below:
NDLS'
s Equity-to-Asset Range Over the Past 10 Years
Min: -0.2 Med: 0.11 Max: 0.34
Current: -0.2
During the past 13 years, the highest Equity to Asset Ratio of Noodles was 0.34. The lowest was -0.20. And the median was 0.11.
NDLS's Equity-to-Asset is ranked worse than 92.56% of 363
companies
in the Restaurants industry
Industry Median: 0.39
vs NDLS: -0.20
Noodles (NAS:NDLS) Equity-to-Asset Explanation
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Noodles Equity-to-Asset Related Terms
Noodles Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Noodles's Equity-to-Asset 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.
For the Restaurants subindustry, Noodles's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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.
Noodles Equity-to-Asset vs Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, Noodles's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Noodles's Equity-to-Asset falls into.
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Noodles's Equity to Asset Ratio for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
Noodles (NDLS) has a Equity-to-Asset of -0.20 as of Mar. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Noodles and its competitors. According to the industry distribution chart, Noodles ranks #336 out of 363 companies in the Restaurants industry, placing it in the top 92.6%.
Is Noodles' Equity-to-Asset too high?
Noodles' current Equity-to-Asset is -0.20. Based on the distribution chart, Noodles ranks #336 out of 363 companies in the Restaurants industry, which is in the bottom quartile relative to peers. Overall, Noodles has a GF Score™ of 52/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Noodles' Equity-to-Asset compare to BDL and MB?
According to the Restaurants industry distribution chart, Noodles ranks #336 out of 363 companies for Equity-to-Asset. This places Noodles in the lower half of its industry. The industry median Equity-to-Asset is 0.39. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Equity-to-Asset for a Restaurants company?
The median Equity-to-Asset among Restaurants companies is 0.39, based on 363 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Noodles and its competitors. For the Restaurants industry, the median Equity-to-Asset is 0.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Noodles's current Equity-to-Asset is -0.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Noodles stock overvalued right now?
Based on GuruFocus' analysis, Noodles (NDLS) is currently considered Significantly Overvalued. The stock's GF Value™ is $10.64, compared to a current price of $15.36 — trading 44.4% above its estimated fair value. The current Equity-to-Asset is -0.20. Noodles' overall GF Score™ is 52/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For Noodles (NDLS), the current Equity-to-Asset is -0.20 as of Mar. 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 Noodles (NDLS) Overvalued in 2026?
Based on GuruFocus' analysis, Noodles stock appears to be overvalued.
The current stock price of $15.36 is trading 44.4% above its estimated GF Value™ of $10.64.
GuruFocus considers Noodles to be Significantly Overvalued.
Key valuation signals for NDLS:
Equity-to-Asset: -0.20
GF Value™: $10.64 vs. price of $15.36 (44.4% above fair value)
No single metric tells the full story. See the NDLS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Noodles & Co is a restaurant concept offering lunch and dinner within the fast-casual segment of the restaurant industry. The company's menu includes a variety of cooked-to-order dishes, including noodles and pasta, soups, salads and appetizers. The company also provides dining, pick-up and delivery services. It is focused on offering customers flavorful, cooked-to-order dishes in a warm and welcoming environment at an attractive value. It has approximately 340 company-owned restaurants and 83 franchise restaurants in 31 states.
52GF Score
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