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Noble Roman'sNROM +4.75%31 Return-on-Tangible-Asset is 6.01% as of Mar. 2026. GuruFocus rates NROM with a GF Score™ of 31/100 and a GF Value™ of $0.32 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 366 Restaurants companies, Noble Roman's ranks better than 76.5% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Noble Roman's's annualizedNet Income for the quarter that ended in Mar. 2026 was $0.93 Mil. Noble Roman's's average total tangible assets for the quarter that ended in Mar. 2026 was $15.51 Mil. Therefore, Noble Roman's's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 6.01%.
The historical rank and industry rank for Noble Roman's's Return-on-Tangible-Asset or its related term are showing as below:
NROM'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -29.12 Med: -3.39 Max: 8.1
Current: 8.1
During the past 13 years, Noble Roman's's highest Return-on-Tangible-Asset was 8.10%. The lowest was -29.12%. And the median was -3.39%.
NROM's Return-on-Tangible-Asset is ranked better than 76.5% of 366
companies
in the Restaurants industry
Industry Median: 2.36
vs NROM: 8.10
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Noble Roman's Return-on-Tangible-Asset Related Terms
Noble Roman's Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Noble Roman's's Return-on-Tangible-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.
NROM vs GTIM, MHGU, PETZ: Return-on-Tangible-Asset Comparison
For the Restaurants subindustry, Noble Roman's's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-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.
Noble Roman's Return-on-Tangible-Asset vs Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, Noble Roman's's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Noble Roman's's Return-on-Tangible-Asset 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 Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 6.01% mean?
Noble Roman's (NROM) has a Return-on-Tangible-Asset of 6.01% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Noble Roman's and its competitors. According to the industry distribution chart, Noble Roman's ranks #86 out of 366 companies in the Restaurants industry, placing it in the top 23.5%.
Is Noble Roman's' Return-on-Tangible-Asset too high?
Noble Roman's' current Return-on-Tangible-Asset is 6.01%. The Restaurants industry median Return-on-Tangible-Asset is 2.36. Noble Roman's' value of 6.01% is 154.7% above this industry median. Based on the distribution chart, Noble Roman's ranks #86 out of 366 companies in the Restaurants industry, which is in the top quartile — a strong position 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' Return-on-Tangible-Asset compare to GTIM and MHGU?
According to the Restaurants industry distribution chart, Noble Roman's ranks #86 out of 366 companies for Return-on-Tangible-Asset. This places Noble Roman's in the top 24% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.36. Noble Roman's' value of 6.01% is 154.7% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Asset for a Restaurants company?
The median Return-on-Tangible-Asset among Restaurants companies is 2.36, based on 366 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Noble Roman's's current Return-on-Tangible-Asset of 6.01% is 154.7% 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Noble Roman's and its competitors. For the Restaurants industry, the median Return-on-Tangible-Asset is 2.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Noble Roman's's current Return-on-Tangible-Asset is 6.01%. 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 $0.75 — trading 134.4% above its estimated fair value. The current Return-on-Tangible-Asset is 6.01% and 154.7% above the Restaurants industry median of 2.36. 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 Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Noble Roman's (NROM), the current Return-on-Tangible-Asset is 6.01% 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 $0.75 is trading 134.4% above its estimated GF Value™ of $0.32.
GuruFocus considers Noble Roman's to be Significantly Overvalued.
Key valuation signals for NROM:
Return-on-Tangible-Asset: 6.01%
GF Value™: $0.32 vs. price of $0.75 (134.4% above fair value)
Industry Position: 154.7% above the Restaurants median (#86 of 366)
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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Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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