NDLS (Noodles) ROCE %: -1.70% (As of Mar. 2026)

What is Noodles ROCE %?

Noodles NDLS +8.34% 57 ROCE % is -1.70% as of Mar. 2026. GuruFocus rates NDLS with a GF Score™ of 57/100 and a GF Value™ of $10.68 (Significantly Overvalued). The stock has 9 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Noodles's annualized ROCE % for the quarter that ended in Mar. 2026 was -1.70%.

Noodles (NAS:NDLS) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Noodles ROCE % Related Terms

Noodles ROCE % Historical Data

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The historical data trend for Noodles's ROCE % 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 ROCE % Chart

Noodles Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

ROCE %

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2.08

-0.31

-1.73

-9.93

-13.77

Noodles Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
ROCE %	Get a 7-Day Free Trial															-10.05	-24.86	-11.59	-8.01	-1.70

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Noodles ROCE % Calculation

Noodles's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2025 )		(A: Dec. 2024 )		(A: Dec. 2025 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2025 )		(A: Dec. 2024 )		(A: Dec. 2025 )
	=	-31.589	/	( ( (324.648 - 65.717)	+	(261.671 - 61.845) )	/ 2 )
	=	-31.589	/	( (258.931	+	199.826)	/ 2 )
	=	-31.589	/	229.3785
	=	-13.77 %

Noodles's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2026 )		(Q: Dec. 2025 )		(Q: Mar. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2026 )		(Q: Dec. 2025 )		(Q: Mar. 2026 )
	=	-3.248	/	( ( (261.671 - 61.845)	+	(246.315 - 64.352) )	/ 2 )
	=	-3.248	/	( ( 199.826	+	181.963 )	/ 2 )
	=	-3.248	/	190.8945
	=	-1.70 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of -1.70% mean?

Noodles (NDLS) has a ROCE % of -1.70% as of Mar. 2026.

Is Noodles' ROCE % too high?

Noodles' current ROCE % is -1.70%. Overall, Noodles has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Noodles' ROCE % compare to THCH and BDL?

Noodles' ROCE % of -1.70% can be compared against companies in the Restaurants industry. The industry median ROCE % is 6.01. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good ROCE % for a Restaurants company?

The median ROCE % among Restaurants companies is 6.01, based on 353 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % 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 ROCE % mean?

A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Restaurants industry, the median ROCE % is 6.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Noodles's current ROCE % is -1.70%. 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 $10.68, compared to a current price of $14.97 — trading 40.2% above its estimated fair value. The current ROCE % is -1.70%. Noodles' overall GF Score™ is 57/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is ROCE % calculated?

ROCE % is calculated from a company's financial statements. For Noodles (NDLS), the current ROCE % is -1.70% 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 $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:

ROCE %: -1.70%
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

Industry Consumer Cyclical Restaurants

Comparable Companies THCH BDL STKS RRGB RAVE HCHL MB ARKR REBN CCHH MCD SBUX LSE:CPG CMG YUM TSX:QSR TSX:QSP.UN DRI YUMC TXRH

Address 520 Zang Street, Suite D, Broomfield, CO, USA, 80021

Website https://www.noodles.com

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

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$14.97

Price

$10.68

GF Value

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