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Noble Roman'sNROM -3.44%31 Return-on-Tangible-Equity is 28.44% 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 331 Restaurants companies, Noble Roman's ranks better than 81.87% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Noble Roman's's annualized net income for the quarter that ended in Mar. 2026 was $0.93 Mil. Noble Roman's's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $3.28 Mil. Therefore, Noble Roman's's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 28.44%.
The historical rank and industry rank for Noble Roman's's Return-on-Tangible-Equity or its related term are showing as below:
NROM'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -111.72 Med: -5.5 Max: 124.52
Current: 44.93
During the past 13 years, Noble Roman's's highest Return-on-Tangible-Equity was 124.52%. The lowest was -111.72%. And the median was -5.50%.
NROM's Return-on-Tangible-Equity is ranked better than 81.87% of 331
companies
in the Restaurants industry
Industry Median: 8.9
vs NROM: 44.93
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Noble Roman's Return-on-Tangible-Equity Related Terms
Noble Roman's Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Noble Roman's's Return-on-Tangible-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, PETZ, CCHH: Return-on-Tangible-Equity Comparison
For the Restaurants subindustry, Noble Roman's's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-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 Return-on-Tangible-Equity vs Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, Noble Roman's's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Noble Roman's's Return-on-Tangible-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.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity 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.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 28.44% mean?
Noble Roman's (NROM) has a Return-on-Tangible-Equity of 28.44% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Noble Roman's and its competitors. According to the industry distribution chart, Noble Roman's ranks #60 out of 331 companies in the Restaurants industry, placing it in the top 18.1%.
Is Noble Roman's' Return-on-Tangible-Equity too high?
Noble Roman's' current Return-on-Tangible-Equity is 28.44%. The Restaurants industry median Return-on-Tangible-Equity is 8.90. Noble Roman's' value of 28.44% is 219.6% above this industry median. Based on the distribution chart, Noble Roman's ranks #60 out of 331 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-Equity compare to GTIM and PETZ?
According to the Restaurants industry distribution chart, Noble Roman's ranks #60 out of 331 companies for Return-on-Tangible-Equity. This places Noble Roman's in the top 18% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 8.90. Noble Roman's' value of 28.44% is 219.6% 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-Equity for a Restaurants company?
The median Return-on-Tangible-Equity among Restaurants companies is 8.90, based on 331 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity 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-Equity of 28.44% is 219.6% 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-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Noble Roman's and its competitors. For the Restaurants industry, the median Return-on-Tangible-Equity is 8.90 — 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-Equity is 28.44%. 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 $0.64 — trading 100% above its estimated fair value. The current Return-on-Tangible-Equity is 28.44% and 219.6% above the Restaurants industry median of 8.90. 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-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Noble Roman's (NROM), the current Return-on-Tangible-Equity is 28.44% 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 $0.64 is trading 100% 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-Equity: 28.44%
GF Value™: $0.32 vs. price of $0.64 (100% above fair value)
Industry Position: 219.6% above the Restaurants median (#60 of 331)
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-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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