Noble Roman'sNROM +0.09%31 Gross Margin % is 32.71% as of Mar. 2026, which is 15% below its 10-year median of 38.28. GuruFocus rates NROM with a GF Score™ of 31/100 and a GF Value™ of $0.32 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 353 Restaurants companies, Noble Roman's ranks worse than 66.01% on this metric.
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Noble Roman's had a gross margin of 32.71% for the quarter that ended in Mar. 2026 => Competition eroding margins
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Noble Roman's Gross Margin % Related Terms
Noble Roman's Gross Margin % Historical Data
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The historical data trend for Noble Roman's's Gross Margin % 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, PETZ, CCHH: Gross Margin % Comparison
For the Restaurants subindustry, Noble Roman's's Gross Margin %, along with its competitors' market caps and Gross Margin % 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 Gross Margin % vs Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, Noble Roman's's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Noble Roman's's Gross Margin % 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Noble Roman's (NROM) has a Gross Margin % of 32.71% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Noble Roman's and its competitors. This is 15% below median its historical median of 38.28. Over the past decade, Noble Roman's' Gross Margin % has ranged from 21.08 to 81.64. According to the industry distribution chart, Noble Roman's ranks #233 out of 353 companies in the Restaurants industry, placing it in the top 66%.
Is Noble Roman's' Gross Margin % too high?
Noble Roman's' current Gross Margin % of 32.71% is 15% below median its 10-year median of 38.28. Over the past 10 years, this metric has ranged from a low of 21.08 to a high of 81.64. The Restaurants industry median Gross Margin % is 45.71. Noble Roman's' value of 32.71% is 28.4% below this industry median. Based on the distribution chart, Noble Roman's ranks #233 out of 353 companies in the Restaurants industry, which is below 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' Gross Margin % compare to GTIM and PETZ?
According to the Restaurants industry distribution chart, Noble Roman's ranks #233 out of 353 companies for Gross Margin %. This places Noble Roman's in the lower half of its industry. The industry median Gross Margin % is 45.71. Noble Roman's' value of 32.71% is 28.4% below this benchmark. Historically, Noble Roman's' own Gross Margin % has ranged from 21.08 to 81.64 over the past decade. While the company's 10-year median is 38.28 vs. the industry median of 45.71, 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 Gross Margin % for a Restaurants company?
The median Gross Margin % among Restaurants companies is 45.71, based on 353 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Noble Roman's's current Gross Margin % of 32.71% is 28.4% 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 Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Noble Roman's and its competitors. For the Restaurants industry, the median Gross Margin % is 45.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Noble Roman's's current Gross Margin % is 32.71%, which is 15% below median its own 10-year median of 38.28. 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 $0.32, compared to a current price of $0.54 — trading 69.1% above its estimated fair value. The current Gross Margin % is 32.71%, which is 15% below median its 10-year median of 38.28 and 28.4% below the Restaurants industry median of 45.71. Noble Roman's' overall GF Score™ is 31/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Noble Roman's (NROM), the current Gross Margin % is 32.71% 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 Noble Roman's (NROM) Overvalued in 2026?
Based on GuruFocus' analysis, Noble Roman's stock appears to be overvalued.
The current stock price of $0.54 is trading 69.1% above its estimated GF Value™ of $0.32.
GuruFocus considers Noble Roman's to be Significantly Overvalued.
Key valuation signals for NROM:
Gross Margin %: 32.71% (15% below median its 10-year median of 38.28)
GF Value™: $0.32 vs. price of $0.54 (69.1% above fair value)
Industry Position: 28.4% below the Restaurants median (#233 of 353)
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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