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 $0.50 with AI Score 52/100 (Grade B). Noble Roman's, Inc. franchises and operates foodservice locations under various brand names, including Noble Roman's Craft Pizza & Pub. Market cap: $11.11M, Sector: Consumer cyclical.
Last analyzed: Mar 16, 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.
Noble Roman's, Inc. (NROM) Consumer Business Overview
Noble Roman's, Inc., established in 1972, operates as a franchisor and operator of pizza and sub restaurants, focusing on both traditional and non-traditional foodservice locations. With a diverse brand portfolio and a market capitalization of $0.01 billion, the company competes within the consumer cyclical sector.
What Is the Investment Thesis for NROM?
Noble Roman's, Inc. presents a unique investment opportunity within the restaurant franchising sector. With a market capitalization of $0.01 billion and a P/E ratio of 7.30, the company demonstrates potential value. A key driver is the expansion of its Craft Pizza & Pub concept, which caters to evolving consumer preferences for higher-quality ingredients and craft beer offerings. The company's established franchise network provides a stable revenue stream through royalties and fees. However, the company faces challenges typical of small-cap OTC-listed companies, including liquidity risk and limited analyst coverage. The company's growth depends on its ability to attract new franchisees and maintain brand consistency across its network. Investors should closely monitor the company's ability to manage costs, maintain profitability, and navigate the competitive restaurant landscape.
Based on FMP financials and quantitative analysis
NROM Key Highlights
- Market capitalization of $0.01 billion indicates a small-cap company with potential for growth but also higher risk.
- P/E ratio of 7.30 suggests the company may be undervalued compared to its earnings, but requires further analysis of growth prospects.
- Profit margin of 6.2% demonstrates profitability, but is relatively low compared to industry averages, indicating potential for improvement.
- Gross margin of 31.5% reflects the company's efficiency in managing the cost of goods sold, but could be improved through supply chain optimization.
- Beta of 0.43 suggests the stock is less volatile than the market, which may appeal to risk-averse investors.
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 |
|---|---|---|---|---|
| DGIX Dyna Group International Inc. | $0.80 | +0.00% | $6.10M | 46 |
| LFEV Life Electric Vehicles Holdings Inc. | $2.25 | +21.62% | $15.00M | 44 |
| SGLOF Food & Life Companies Ltd. | $17.82 | +0.00% | $2.02B | 64 |
| ATGSY Autogrill S.p.A. | $6.55 | +0.00% | $2.50B | 58 |
| VENU VENU | $3.52 | -1.40% | $150.49M | 58 |
| BBQ BBQ Holdings, Inc. | $17.24 | +0.00% | $185.50M | 57 |
| LKNCY Luckin Coffee Inc. | $30.55 | -0.65% | $9.78B | 52 |
| DIN Dine Brands Global, Inc. | $34.86 | +1.54% | $442.21M | 52 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are NROM's Key Strengths?
- Established brand with a history dating back to 1972.
- Franchise model allows for expansion with limited capital investment.
- Diverse menu offerings cater to a wide range of consumer preferences.
- Presence in both traditional and non-traditional foodservice locations.
What Are NROM's Weaknesses?
- Small market capitalization and limited liquidity.
- Dependence on franchisees for maintaining brand standards.
- Limited geographic presence compared to national chains.
- Low profit margin compared to industry averages.
What Could Drive NROM Stock Higher?
- Potential expansion of Craft Pizza & Pub locations in new markets.
- Continued growth in franchise sales and royalty revenue.
- Increased focus on digital marketing and online ordering.
- Potential partnerships with complementary businesses.
- Efforts to improve operational efficiency and profitability.
What Are the Key Risks for NROM?
- Intense competition from national pizza chains and fast-casual restaurants.
- Changing consumer preferences and food trends.
- Economic downturns that could reduce consumer spending.
- Rising food and labor costs.
- Limited liquidity and price volatility due to OTC listing.
What Are the Growth Opportunities for NROM?
- Expansion of Craft Pizza & Pub Concept: The Noble Roman's Craft Pizza & Pub concept represents a significant growth opportunity. This concept caters to the increasing consumer demand for higher-quality ingredients, craft beer, and a more upscale dining experience. By expanding the Craft Pizza & Pub footprint through franchising and company-owned locations, Noble Roman's can attract a new customer base and increase revenue. The market for craft pizza and beer is growing, with consumers willing to pay a premium for unique and high-quality offerings. Timeline: Ongoing.
- Increased Focus on Non-Traditional Locations: Noble Roman's has the opportunity to expand its presence in non-traditional foodservice locations, such as entertainment venues, travel centers, and universities. These locations offer a captive audience and can provide a steady stream of revenue. By partnering with these venues, Noble Roman's can increase its brand visibility and reach new customers. The market for foodservice in non-traditional locations is growing as consumers seek convenient and accessible dining options. Timeline: Ongoing.
- Enhancement of Take-N-Bake Offerings: Noble Roman's can enhance its Take-N-Bake pizza offerings to capitalize on the growing demand for convenient meal solutions. By offering a wider variety of Take-N-Bake options, including different crusts, toppings, and sizes, the company can attract customers who are looking for a quick and easy meal. The market for Take-N-Bake pizza is growing as consumers seek convenient and affordable alternatives to restaurant dining. Timeline: Ongoing.
- Digital Marketing and Online Ordering: Investing in digital marketing and online ordering platforms can significantly enhance Noble Roman's reach and customer engagement. By leveraging social media, search engine optimization, and online advertising, the company can attract new customers and drive traffic to its locations. Offering online ordering and delivery services can also improve customer convenience and increase sales. The market for online food ordering and delivery is growing rapidly, with consumers increasingly relying on digital platforms for their dining needs. Timeline: Ongoing.
- Strategic Partnerships and Co-Branding: Noble Roman's can explore strategic partnerships and co-branding opportunities to expand its reach and attract new customers. By partnering with complementary businesses, such as breweries or entertainment venues, the company can create unique and appealing offerings. Co-branding can also help to increase brand awareness and drive sales. The market for strategic partnerships and co-branding is growing as businesses seek innovative ways to reach new customers and enhance their brand image. Timeline: Ongoing.
What Opportunities Does NROM Have?
- Expansion of Craft Pizza & Pub concept.
- Increased focus on non-traditional locations.
- Enhancement of Take-N-Bake offerings.
- Leveraging digital marketing and online ordering platforms.
What Threats Does NROM Face?
- Intense competition from national pizza chains and fast-casual restaurants.
- Changing consumer preferences and food trends.
- Economic downturns that could reduce consumer spending.
- Rising food and labor costs.
What Are NROM's Competitive Advantages?
- Established brand recognition in select markets.
- Franchise network provides a recurring revenue stream.
- Diverse menu offerings cater to a wide range of consumer preferences.
- Focus on both traditional and non-traditional foodservice locations.
What Does NROM Do?
Noble Roman's, Inc., founded in 1972 and headquartered in Indianapolis, Indiana, operates within the consumer cyclical sector as a franchisor and operator of foodservice locations. The company's business model revolves around franchising, licensing, and operating restaurants under several trade names, including Noble Roman's Craft Pizza & Pub, Noble Roman's Pizza, Noble Roman's Take-N-Bake, and Tuscano's Italian Style Subs. These locations offer a diverse menu featuring breadsticks, cheesy stix with dip, pizza, pasta, salads, wings, baked sandwiches, and desserts. Noble Roman's targets both stand-alone restaurant locations and non-traditional foodservice operations, such as those found in entertainment venues or travel centers. As of December 31, 2021, the company reported 3,069 franchised or licensed outlets. The company's strategy involves expanding its brand presence through franchising and licensing agreements, while also maintaining company-operated locations. This approach allows Noble Roman's to generate revenue through franchise fees, royalties, and direct sales from company-owned restaurants. The company's focus on a variety of foodservice models allows it to adapt to different market conditions and consumer preferences.
What Products and Services Does NROM Offer?
- Franchise Noble Roman's Craft Pizza & Pub restaurants.
- Franchise Noble Roman's Pizza restaurants.
- License Noble Roman's Take-N-Bake outlets.
- Operate company-owned restaurants under various brand names.
- Provide foodservice solutions for non-traditional locations.
- Offer a menu of pizza, subs, salads, and related products.
- Sell franchise and licensing rights to entrepreneurs.
How Does NROM Make Money?
- Franchise fees from new restaurant openings.
- Royalty payments based on a percentage of sales from franchised locations.
- Direct sales from company-owned restaurants.
- Licensing fees for Take-N-Bake outlets.
What Industry Does NROM Operate In?
Noble Roman's, Inc. operates in the highly competitive restaurant industry, which is characterized by changing consumer preferences, intense competition, and evolving food trends. The market includes major national chains and smaller regional players. The company's focus on franchising allows it to expand its brand presence without significant capital investment. However, the company faces competition from established pizza chains and fast-casual restaurants. The restaurant industry is influenced by factors such as disposable income, consumer spending habits, and demographic trends. Noble Roman's must adapt to these changes to maintain its market position.
Who Are NROM's Key Customers?
- Franchisees who operate Noble Roman's restaurants.
- Consumers who purchase food from Noble Roman's locations.
- Licensees who operate Take-N-Bake outlets.
- Partners in non-traditional foodservice locations.
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
-
Noble Roman's Completes Strategic New Financing Package
accessnewswire.com · Jun 10, 2026
-
Noble Roman's Announces 1st Quarter Financial Data with Significant Earnings Growth
accessnewswire.com · Jun 9, 2026
-
Noble Roman's Announces 2025 Financial Data and Other Highlights
accessnewswire.com · Jun 8, 2026
-
Stocks That Hit 52-Week Highs On Tuesday
· Mar 24, 2020
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
Noble Roman's Completes Strategic New Financing Package
Noble Roman's Announces 1st Quarter Financial Data with Significant Earnings Growth
Noble Roman's Announces 2025 Financial Data and Other Highlights
Stocks That Hit 52-Week Highs On Tuesday
Leadership: A. Scott Mobley
CEO
A. Scott Mobley serves as the CEO of Noble Roman's, Inc. His background includes extensive experience in the restaurant and franchising industries. He has been instrumental in guiding the company's strategic direction and overseeing its operations. Mobley's leadership focuses on expanding the brand's presence through franchising and enhancing the customer experience. His expertise in business development and financial management has been crucial to the company's growth.
Track Record: Under A. Scott Mobley's leadership, Noble Roman's has focused on expanding its Craft Pizza & Pub concept and strengthening its franchise network. He has overseen the implementation of new marketing strategies and operational improvements. Mobley has also been involved in managing the company's financial performance and navigating the challenges of the competitive restaurant industry. His tenure has been marked by a focus on sustainable growth and profitability.
NROM OTC Market Information
The OTC Other tier represents the lowest tier of the OTC market, indicating that Noble Roman's, Inc. may not meet the minimum financial standards required for higher tiers like OTCQB or OTCQX. Companies in this tier often have limited financial disclosure and may be subject to greater regulatory scrutiny. Unlike stocks listed on major exchanges like the NYSE or NASDAQ, OTC Other stocks generally have less stringent listing requirements, resulting in increased risk for investors due to potential lack of transparency and regulatory oversight.
- OTC Tier: OTC Other
- Disclosure Status: Unknown
- Limited liquidity can lead to price volatility and difficulty in executing trades.
- Lack of financial disclosure may make it difficult to assess the company's financial health.
- OTC listing may attract speculative trading and increase the risk of manipulation.
- Limited regulatory oversight compared to major exchanges.
- Potential for delisting or trading suspension due to non-compliance.
- Verify the company's financial statements and SEC filings (if any).
- Research the company's management team and their track record.
- Assess the company's business model and competitive landscape.
- Evaluate the company's growth prospects and potential risks.
- Monitor the stock's trading volume and price volatility.
- Consult with a financial advisor before investing.
- Confirm the company's good standing with the Secretary of State.
- The company has been in business since 1972, indicating a long operating history.
- The company has a franchise network, suggesting a viable business model.
- The company has a CEO in place, indicating leadership and direction.
- The company has a market capitalization, indicating some level of investor interest.
- The company has a P/E ratio, suggesting it is generating earnings.
Common Questions About NROM (Consumer Cyclical)
What does Noble Roman's, Inc. do?
Noble Roman's, Inc. operates as a franchisor and operator of pizza and sub restaurants, focusing on both traditional and non-traditional foodservice locations. The company franchises, licenses, and operates restaurants under several trade names, including Noble Roman's Craft Pizza & Pub, Noble Roman's Pizza, Noble Roman's Take-N-Bake, and Tuscano's Italian Style Subs. These locations offer a diverse menu featuring breadsticks, cheesy stix with dip, pizza, pasta, salads, wings, baked sandwiches, and desserts. The company generates revenue through franchise fees, royalties, and direct sales from company-owned restaurants.
What do analysts say about NROM stock?
Given NROM's OTC listing and small market capitalization, comprehensive analyst coverage is limited. Investors should conduct their own due diligence and consider the company's financial performance, growth prospects, and risk factors. Key valuation metrics include the P/E ratio of 7.30, which suggests the company may be undervalued, but requires further analysis of its growth potential. Investors should also monitor the company's ability to manage costs, maintain profitability, and navigate the competitive restaurant landscape. No analysts are actively covering the stock at this time.
What are the main risks for NROM?
Noble Roman's, Inc. faces several risks, including intense competition from national pizza chains and fast-casual restaurants, changing consumer preferences and food trends, and economic downturns that could reduce consumer spending. The company also faces risks related to rising food and labor costs, as well as the challenges of managing a franchise network. As an OTC-listed stock, NROM is subject to limited liquidity and price volatility, which can make it difficult to buy or sell shares at desired prices. Investors should carefully consider these risks before investing in NROM.
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: Established brand with a history dating back to 1972. 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.
- Information is based on available data and may be subject to change.
- OTC market data may be less reliable than major exchange data.
- AI analysis is pending and may provide additional insights.