NROM (Noble Roman's) Scaled Net Operating Assets: 0.77 (As of Mar. 2026)


NROM Noble Roman's Inc NROM
31 GF Score
Price $0.54
GF Value $0.32
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Noble Roman's Scaled Net Operating Assets?

Noble Roman's NROM +0.09% 31 Scaled Net Operating Assets is 0.77 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 2 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Noble Roman's's operating assets for the quarter that ended in Mar. 2026 was $15.15 Mil. Noble Roman's's operating liabilities for the quarter that ended in Mar. 2026 was $2.94 Mil. Noble Roman's's Total Assets for the quarter that ended in Dec. 2025 was $15.89 Mil. Therefore, Noble Roman's's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.77.


Noble Roman's Scaled Net Operating Assets Historical Data

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The historical data trend for Noble Roman's's Scaled Net Operating Assets 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.

Noble Roman's Scaled Net Operating Assets Chart

Noble Roman's Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.89 0.76 0.77 0.71 0.74

Noble Roman's Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Scaled Net Operating Assets 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 0.78 0.79 0.78 0.77 0.77

NROM vs GTIM, PETZ, CCHH: Scaled Net Operating Assets Comparison

For the Restaurants subindustry, Noble Roman's's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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 Scaled Net Operating Assets vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Noble Roman's's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Noble Roman's's Scaled Net Operating Assets falls into.


NROM
31GF Score
Noble Roman's Inc NROM
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Noble Roman's Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Noble Roman's's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(15.36-2.903)/16.769
=0.74

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=15.894 - 0.534
=15.36

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=12.463 - 2.564 - 6.996
=2.903

Noble Roman's's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(15.145-2.936)/15.894
=0.77

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=15.684 - 0.539
=15.145

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=12.006 - 2.315 - 6.755
=2.936

* 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.

What does a Scaled Net Operating Assets of 0.77 mean?
Noble Roman's (NROM) has a Scaled Net Operating Assets of 0.77 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Noble Roman's and its competitors.
Is Noble Roman's' Scaled Net Operating Assets too high?
Noble Roman's' current Scaled Net Operating Assets is 0.77. 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' Scaled Net Operating Assets compare to GTIM and PETZ?
Noble Roman's' Scaled Net Operating Assets of 0.77 can be compared against companies in the Restaurants industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a Restaurants company?
A good Scaled Net Operating Assets depends on the Restaurants industry context. However, Scaled Net Operating Assets 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 Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Noble Roman's and its competitors. Noble Roman's's current Scaled Net Operating Assets is 0.77. 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 $0.54 — trading 69.1% above its estimated fair value. The current Scaled Net Operating Assets is 0.77. Noble Roman's' overall GF Score™ is 31/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Noble Roman's (NROM), the current Scaled Net Operating Assets is 0.77 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 $0.54 is trading 69.1% above its estimated GF Value™ of $0.32. GuruFocus considers Noble Roman's to be Significantly Overvalued.

Key valuation signals for NROM:

  • Scaled Net Operating Assets: 0.77
  • GF Value™: $0.32 vs. price of $0.54 (69.1% above fair value)
  • GF Score™: 31/100 with 2 warning signs

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 Business Description

Address 6612 E. 75th Street, Suite 450, Indianapolis, IN, USA, 46250
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

Get the complete analysis for NROM

Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$0.54
Price
$0.32
GF Value