Noble Roman's, Inc. (NROM)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Noble Roman's, Inc. (NROM) trades at $0.59 with AI Score 52/100 (Grade B). Noble Roman's, Inc. is a foodservice company specializing in franchising and licensing pizza restaurants and related concepts. Market cap: $13.05M, Sector: Consumer cyclical.
Price live · AI analysis from Jun 14, 2026Analyst Coverage for NROM: NROM does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates NROM against Consumer Cyclical peers across nine fundamental dimensions and assigns a mixed fundamental profile based on the underlying data.
NROM: 3/7 perspectives are bullish. Dominant signal: Ken Griffin bearish.
How is this calculated? →Noble Roman's, Inc. (NROM) Consumer Business Overview
Noble Roman's, Inc. operates a diverse range of foodservice operations, focusing on franchising and licensing, with a strong brand presence in the pizza segment and a commitment to culinary variety across its establishments.
What Is the Investment Thesis for NROM?
Noble Roman's, Inc. presents a unique investment thesis driven by its extensive franchise network and established brand recognition in the pizza segment. With a market cap of $13.05M and a P/E ratio of 9.7, the company demonstrates a solid profit margin of 7.1% and a gross margin of 32.9%, indicating operational efficiency. Key growth catalysts include the expansion of its franchise operations and the introduction of new menu items to meet evolving consumer preferences. The ongoing shift towards non-traditional dining formats presents additional opportunities for revenue growth. However, potential risks include the volatility associated with the OTC market, where liquidity and trading volumes may be lower compared to larger exchanges. Investors may want to evaluate these factors as they evaluate the company's future performance.
Based on FMP financials and quantitative analysis
NROM Key Highlights
- Market cap of $13.05M reflects a small-cap status with growth potential.
- P/E ratio of 9.7 suggests a valuation that may appeal to value-focused investors.
- Profit margin of 7.1% indicates effective cost management and operational efficiency.
- Gross margin of 32.9% exceeds industry averages, showcasing strong pricing power.
- Beta of 0.26 suggests lower volatility compared to the broader market.
Who Are NROM's Competitors?
NROM is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| DPZ Domino's Pizza, Inc. | $307.33 | -1.39% | $10.22B | 82 |
| PZZA Papa John's International, Inc. | $34.32 | -4.18% | $1.13B | 53 |
| CMG Chipotle Mexican Grill, Inc. | $34.17 | -3.43% | $43.84B | 68 |
| QSR Restaurant Brands International Inc. | $73.37 | -1.90% | $25.46B | 54 |
| YUM Yum! Brands, Inc. | $165.03 | +0.18% | $45.49B | 86 |
| SGLOF Food & Life Companies Ltd. | $8.91 | +0.00% | $2.02B | 64 |
| ATGSY Autogrill S.p.A. | $6.55 | +0.00% | $2.50B | 58 |
| VENU VENU | $2.40 | +9.86% | $102.39M | 58 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are NROM's Key Strengths?
- Strong franchise network with over 3,000 outlets.
- Diverse menu catering to a wide range of tastes.
- Established brand identity in the pizza segment.
- Operational efficiency reflected in profit and gross margins.
What Are NROM's Weaknesses?
- Limited brand recognition compared to larger competitors.
- Dependence on franchisee performance for revenue.
- Exposure to market volatility due to OTC trading status.
What Could Drive NROM Stock Higher?
- Launch of new menu items targeting health-conscious consumers.
- Expansion of franchise locations in urban and non-traditional venues.
- Partnerships with delivery platforms to enhance customer reach.
What Are the Key Risks for NROM?
- Financial-distress signal — its Altman Z-Score of 0.11 sits in the distress zone (elevated bankruptcy risk).
- Increased competition from larger, more established brands.
- Economic fluctuations impacting consumer spending in dining.
- Changes in consumer preferences towards healthier dining options.
What Are the Growth Opportunities for NROM?
- Expansion of Franchise Network: Noble Roman's aims to increase its franchise locations, targeting urban areas and non-traditional venues such as airports and sports arenas. The franchising market for restaurants is expected to grow at a CAGR of 3.5% over the next five years, providing ample opportunity for Noble Roman's to enhance its footprint and brand recognition.
- Menu Innovation: The company plans to introduce new menu items that cater to health-conscious consumers and current food trends. With the global health food market projected to reach $1 trillion by 2027, Noble Roman's can capitalize on this trend by diversifying its offerings and appealing to a broader customer base.
- Partnerships and Collaborations: Noble Roman's is exploring partnerships with delivery platforms to enhance its reach and convenience for customers. The food delivery market is anticipated to grow at a CAGR of 11.5% through 2027, presenting a significant opportunity for the company to increase sales and customer engagement.
- Non-Traditional Locations: The company is focusing on establishing its brands in non-traditional settings, such as schools and hospitals, where demand for convenient dining options is on the rise. The non-traditional foodservice market is expected to expand, driven by changing consumer habits and the need for quick-service dining.
- Digital Marketing and E-Commerce: Noble Roman's is investing in digital marketing strategies to enhance its online presence and attract younger consumers. The digital food ordering market is projected to grow significantly, offering the company a chance to boost sales through e-commerce channels.
What Opportunities Does NROM Have?
- Growth potential in the franchising market.
- Increasing demand for health-conscious menu options.
- Expansion into non-traditional dining locations.
- Partnerships with delivery services to enhance sales.
What Threats Does NROM Face?
- Intense competition from larger, established brands.
- Economic downturns affecting consumer spending in dining.
- Changing consumer preferences towards healthier options.
- Regulatory challenges in the foodservice industry.
What Are NROM's Competitive Advantages?
- Established brand recognition within the pizza and foodservice industry.
- Diverse menu offerings catering to various consumer preferences.
- Strong franchise support system that enhances operational success.
- Ability to adapt to market trends and consumer demands.
- Experience in both traditional and non-traditional restaurant formats.
What Does NROM Do?
Founded in 1972, Noble Roman's, Inc. has evolved from a single restaurant into a prominent player in the foodservice industry, specializing in pizza and related offerings. Headquartered in Indianapolis, Indiana, the company has developed a robust franchise model that allows it to expand its reach through independent and non-traditional restaurant formats. Its brand portfolio includes Noble Roman's Craft Pizza & Pub, Noble Roman's Pizza, Noble Roman's Take-N-Bake, and Tuscano's Italian Style Subs, each offering a range of culinary choices from pizzas and pastas to salads and breakfast items. As of December 31, 2021, Noble Roman's operated a network of 3,069 franchised and licensed outlets, showcasing its ability to scale and adapt to market demands. The company's commitment to quality and variety has positioned it favorably within the competitive landscape of the restaurant industry, catering to diverse consumer preferences and dining occasions. Noble Roman's continues to innovate its menu and expand its operational formats, aiming to capture a larger share of the growing foodservice market.
What Products and Services Does NROM Offer?
- Operate and franchise pizza restaurants and related foodservice concepts.
- Offer a diverse menu including pizzas, pastas, salads, and breakfast items.
- Expand through franchising and licensing agreements.
- Maintain a network of over 3,000 franchised and licensed outlets.
- Focus on both traditional and non-traditional dining formats.
- Provide support and training for franchisees to ensure operational success.
How Does NROM Make Money?
- Generate revenue through franchise fees and royalties from franchisees.
- Direct sales from company-owned locations contribute to overall revenue.
- Leverage brand recognition to attract new franchise partners.
- Utilize menu innovation to drive customer traffic and sales.
- Expand into new markets and non-traditional dining settings for growth.
What Industry Does NROM Operate In?
The restaurant industry is experiencing a significant transformation, driven by changing consumer preferences and an increasing demand for convenience. The market is projected to grow as more consumers seek diverse dining options, including take-out and delivery services. Noble Roman's, Inc. fits within this evolving landscape by offering a variety of food formats, catering to both traditional and non-traditional dining settings. The competitive landscape includes established brands and emerging players, making brand recognition and operational efficiency crucial for market positioning. As the industry adapts to post-pandemic consumer behavior, companies like Noble Roman's that leverage franchising and innovative menu offerings are well-positioned for growth.
Who Are NROM's Key Customers?
- Franchise partners seeking to operate under a recognized brand.
- Consumers looking for diverse dining options, particularly in the pizza segment.
- Health-conscious customers interested in innovative menu offerings.
- Families and groups seeking convenient meal solutions.
- Businesses and institutions requiring catering services.
BalancedInsider Activity
Over the past six months, Noble Roman's, Inc. insiders filed 2 SEC Form 4 transactions — 1 sales and 1 purchases. Buying and selling roughly offset over the period, so insider signaling is neutral.
F-Score 7/9Financial Health
Noble Roman's, Inc.'s Piotroski F-Score is 7/9, a 9-point checklist of profitability, leverage and efficiency — signaling solid underlying fundamentals. Its Altman Z-Score of 0.11 places it in the distress zone, a signal of elevated financial risk.
ROE 39%Key Financial Metrics
Return on equity for Noble Roman's, Inc. stands at 38.5%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 8.1%, showing how much profit it generates from its asset base. NROM trades at a trailing price-to-earnings ratio of 9.66, below the Consumer Cyclical sector average of ~39x. Its free cash flow yield is 9.3%, a gauge of the cash the business throws off relative to its market value. A current ratio of 0.42 means current liabilities exceed short-term assets, a liquidity point worth watching. Its earnings yield is 9.6%, the inverse of the P/E and a quick read on earnings relative to price.
Noble Roman's, Inc. (NROM) Valuation Context
Valued at $13.05M, NROM is classified as a micro-cap stock. Relative to its peer group, NROM's quantitative score of 52/100 is below the peer average of 69/100.
NROM Revenue & Earnings Trend
In Q4 2025, NROM generated $4.5M in top-line revenue, marking a sequential increase of 8.1%. The company recorded net income of $32K, with diluted EPS of $0.00. Revenue has increased across the last three reported quarters, suggesting sustained momentum for this micro-cap Consumer Cyclical company. Across the four most recent quarters, NROM averaged $0.01 in diluted EPS.
Company Profile
Noble Roman's, Inc. operates in the Restaurants industry within the Consumer Cyclical sector. It is headquartered in Indianapolis, US. The company is led by CEO A. Scott Mobley. NROM has traded publicly since 1999.
NROM Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Recent insider buying suggests confidence in the company's future, indicating that those with the most knowledge believe in its growth potential.
- Community sentiment has turned positive, with increasing discussions around new product launches and expansion strategies.
- The restaurant sector is recovering post-pandemic, and Noble Roman's is well-positioned to capitalize on this trend with its unique offerings.
- Social media buzz highlights customer loyalty and satisfaction, indicating strong brand engagement that can drive sales.
Bear Case
- Concerns about rising operational costs are prevalent, which could impact profitability and limit expansion efforts.
- Some community members express skepticism regarding the sustainability of recent growth, citing potential market saturation in the fast-casual segment.
- Recent negative reviews on social platforms suggest quality concerns that could affect customer retention and brand perception.
- Market perception remains cautious, with some investors wary of the competitive landscape and the challenges of maintaining market share.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
Recent Quarterly Results
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q4 2025 | $4M | $31,919 | $0.0014 |
| Q3 2025 | $4M | $639,792 | $0.03 |
| Q2 2025 | $4M | $370,880 | $0.01 |
| Q1 2025 | $4M | $130,633 | $0.01 |
Based on FMP financials and quantitative analysis
NROM Latest News
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Noble Roman's Completes Strategic New Financing Package
accessnewswire.com · Jun 10, 2026
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Noble Roman's Announces 1st Quarter Financial Data with Significant Earnings Growth
accessnewswire.com · Jun 9, 2026
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Noble Roman's Announces 2025 Financial Data and Other Highlights
accessnewswire.com · Jun 8, 2026
NROM Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for NROM.
Price Targets
Wall Street price target analysis for NROM.
NROM MoonshotScore
What does this score mean?
The MoonshotScore rates NROM's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Latest News
Leadership: A. Scott Mobley
CEO
A. Scott Mobley has been at the helm of Noble Roman's, Inc. for several years, bringing extensive experience in the foodservice industry. He has a strong background in operations and franchise management, having worked in various capacities that enhance his understanding of the business. Mobley holds a degree in business administration and has been instrumental in driving the company’s growth strategy.
Track Record: Under Mobley's leadership, Noble Roman's has successfully expanded its franchise network and diversified its menu offerings, contributing to increased brand recognition and market presence. His strategic focus on operational efficiency has resulted in improved profit margins and overall company performance.
NROM OTC Market Information
The OTC Other tier represents stocks that do not meet the stringent listing requirements of major exchanges like NYSE or NASDAQ. This tier typically includes smaller companies and may involve higher risks associated with lower liquidity and less stringent reporting standards.
- OTC Tier: OTC Other
- Disclosure Status: Unknown
- Lower liquidity compared to stocks listed on major exchanges, potentially leading to higher volatility.
- Lack of regulatory oversight may increase the risk of fraud or misrepresentation.
- Limited access to financial information can hinder informed investment decisions.
- Potential for significant price swings due to lower trading volumes.
- Verify the company's financial health through available reports.
- Assess the franchise network's performance and growth potential.
- Investigate the competitive landscape and market positioning.
- Review management's track record and strategic vision.
- Monitor industry trends that could impact the company's performance.
- Established brand presence in the foodservice industry.
- Long history of operations since 1972, indicating stability.
- A network of over 3,000 franchise outlets showcasing market acceptance.
Common Questions About NROM (Consumer Cyclical)
What does Noble Roman's, Inc. do?
Noble Roman's, Inc. specializes in establishing and supporting foodservice operations, particularly in the pizza segment. The company operates a diverse range of brands, including Noble Roman's Craft Pizza & Pub and Tuscano's Italian Style Subs, and utilizes franchising and licensing to expand its reach. With a focus on quality and variety, Noble Roman's caters to a wide array of consumer tastes and preferences.
What do analysts say about NROM stock?
Analysts typically view Noble Roman's, Inc. as a company with growth potential due to its extensive franchise network and established brand presence. Key valuation metrics such as a P/E ratio of 9.7 suggest that the stock may be undervalued compared to industry peers. Analysts highlight the importance of monitoring franchise performance and market trends as critical factors influencing the company's future growth.
What are the main risks for NROM?
Noble Roman's, Inc. faces several risks, including intense competition from larger brands and economic downturns that could affect consumer spending. Additionally, the company's OTC trading status may lead to lower liquidity and increased volatility. Changes in consumer preferences towards healthier dining options could also pose a threat to its traditional menu offerings, requiring ongoing adaptation and innovation.
What are the key factors to evaluate for NROM?
Noble Roman's, Inc. (NROM) holds an AI score of 52/100 (moderate). P/E: 9.7x vs the S&P 500's ~20-25x. Not financial advice.
How frequently does NROM data refresh on this page?
NROM prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven NROM's recent stock price performance?
Noble Roman's, Inc. (NROM) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Strong franchise network with over 3,000 outlets. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider NROM overvalued or undervalued right now?
Noble Roman's, Inc. (NROM) trades at 9.7x earnings. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
What research should beginners do before buying NROM?
Before investing in Noble Roman's, Inc. (NROM), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) what Wall Street analysts recommend and their price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Financial reports are limited due to OTC classification.