NDLS (Noodles) PB Ratio: (As of Jun. 25, 2026)


NDLS Noodles & Co NDLS
57 GF Score
Price $14.97
GF Value $10.68
Valuation Significantly Overvalued
! 9 Warning Signs
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What is Noodles PB Ratio?

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2026-06-25), Noodles's share price is $14.97. Noodles's Book Value per Share for the quarter that ended in Mar. 2026 was $-8.15. Hence, Noodles's PB Ratio of today is .

The historical rank and industry rank for Noodles's PB Ratio or its related term are showing as below:

During the past 13 years, Noodles's highest PB Ratio was 128.80. The lowest was 0.59. And the median was 8.24.

NDLS's PB Ratio is not ranked *
in the Restaurants industry.
Industry Median: 2.28
* Ranked among companies with meaningful PB Ratio only.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Noodles was 222.40% per year. The lowest was -69.80% per year. And the median was 19.05% per year.

Back to Basics: PB Ratio


Noodles  (NAS:NDLS) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.


Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.


Noodles PB Ratio Related Terms


Noodles PB Ratio Historical Data

* Premium members only.

The historical data trend for Noodles's PB Ratio 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.

Noodles PB Ratio Chart

Noodles Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.02 6.59 5.22 0.00 0.00

Noodles Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

NDLS vs THCH, BDL, STKS: PB Ratio Comparison

For the Restaurants subindustry, Noodles's PB Ratio, along with its competitors' market caps and PB Ratio 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 PB Ratio vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Noodles's PB Ratio distribution charts can be found below:

* The bar in red indicates where Noodles's PB Ratio falls into.


NDLS
57GF Score
Noodles & Co NDLS
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Noodles PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

Noodles's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Mar. 2026)
=14.97/-8.154
=

* 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.

It can also be calculated from the numbers for the whole company:

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.

Is Noodles (NDLS) Overvalued in 2026?

Based on GuruFocus' analysis, Noodles stock appears to be overvalued. The current stock price of $14.97 is trading 40.2% above its estimated GF Value™ of $10.68. GuruFocus considers Noodles to be Significantly Overvalued.

Key valuation signals for NDLS:

  • PB Ratio:
  • GF Value™: $10.68 vs. price of $14.97 (40.2% above fair value)
  • GF Score™: 57/100 with 9 warning signs

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 Business Description

Address 520 Zang Street, Suite D, Broomfield, CO, USA, 80021
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.
57GF Score

Get the complete analysis for NDLS

PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$14.97
Price
$10.68
GF Value