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Noble Roman'sNROM -3.53%31 3-Year ROIIC % is 55.31 as of Dec. 2025, which is 84% above its 10-year median of 30.04. 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 334 Restaurants companies, Noble Roman's ranks better than 86.23% on this metric.
3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year.
Noble Roman's's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 55.31%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Noble Roman's's 3-Year ROIIC % or its related term are showing as below:
NROM's 3-Year ROIIC % is ranked better than 86.23% of 334
companies
in the Restaurants industry
Industry Median: 3.905
vs NROM: 55.31
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
Noble Roman's 3-Year ROIIC % Related Terms
Noble Roman's 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Noble Roman's's 3-Year ROIIC % 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: 3-Year ROIIC % Comparison
For the Restaurants subindustry, Noble Roman's's 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % 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 3-Year ROIIC % vs Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, Noble Roman's's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Noble Roman's's 3-Year ROIIC % falls into.
Noble Roman's's 3-Year ROIIC % for the quarter that ended in Dec. 2025 is calculated as:
3-Year ROIIC %
=
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( 2.1214625 (Dec. 2025) - 0.38627 (Dec. 2022) )
/
( 20.143 (Dec. 2025) - 17.006 (Dec. 2022) )
=
1.7351925
/
3.137
=
55.31%***
* 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.
** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
Noble Roman's (NROM) has a 3-Year ROIIC % of 55.31 as of Dec. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Noble Roman's and its competitors. This is 84% above median its historical median of 30.04. According to the industry distribution chart, Noble Roman's ranks #46 out of 334 companies in the Restaurants industry, placing it in the top 13.8%.
Is Noble Roman's' 3-Year ROIIC % too high?
Noble Roman's' current 3-Year ROIIC % of 55.31 is 84% above median its 10-year median of 30.04. The Restaurants industry median 3-Year ROIIC % is 3.91. Noble Roman's' value of 55.31 is 1316.4% above this industry median. Based on the distribution chart, Noble Roman's ranks #46 out of 334 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' 3-Year ROIIC % compare to GTIM and MHGU?
According to the Restaurants industry distribution chart, Noble Roman's ranks #46 out of 334 companies for 3-Year ROIIC %. This places Noble Roman's in the top 14% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 3.91. Noble Roman's' value of 55.31 is 1316.4% above this benchmark. While the company's 10-year median is 30.04 vs. the industry median of 3.91, Noble Roman's has consistently been above 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 3-Year ROIIC % for a Restaurants company?
The median 3-Year ROIIC % among Restaurants companies is 3.91, based on 334 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Noble Roman's's current 3-Year ROIIC % of 55.31 is 1316.4% 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 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Noble Roman's and its competitors. For the Restaurants industry, the median 3-Year ROIIC % is 3.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Noble Roman's's current 3-Year ROIIC % is 55.31, which is 84% above median its own 10-year median of 30.04. 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 $0.66 — trading 106.3% above its estimated fair value. The current 3-Year ROIIC % is 55.31, which is 84% above median its 10-year median of 30.04 and 1316.4% above the Restaurants industry median of 3.91. 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 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For Noble Roman's (NROM), the current 3-Year ROIIC % is 55.31 as of Dec. 2025. 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 $0.66 is trading 106.3% above its estimated GF Value™ of $0.32.
GuruFocus considers Noble Roman's to be Significantly Overvalued.
Key valuation signals for NROM:
3-Year ROIIC %: 55.31 (84% above median its 10-year median of 30.04)
GF Value™: $0.32 vs. price of $0.66 (106.3% above fair value)
Industry Position: 1316.4% above the Restaurants median (#46 of 334)
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.
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