Noble Roman's, Inc. (NROM) Fair Value 2026

NROM · Restaurants ·

By CirclFi Research Team · Data from SEC EDGAR, FRED & GDELT

Quality Score

7.4 /10

32 fundamental signals · 10 models active

Value Trap Risk

LOW (28/100)

Quick Summary — As of 2026-08-27, Noble Roman's, Inc. (NROM) trades at $0.64, versus a $0.89 median fair value across its 10 active models — 38.6% above the current price. QOC: 7.4/10. Value Trap Risk: 28/100 (LOW). 10/13 models active. Within that set, the Bayesian DCF component alone returns $0.19.

Key Facts

Ticker
NROM
Price
$0.64
Quality Score
7.4/10
Value Trap Risk
28/100
Models Active
10/13
Last Updated
Strength: CUCE Ensemble suggests +15.3% upside with 23% confidence
Risk: Majority of models suggest overvaluation

Is Noble Roman's, Inc. (NROM) Undervalued or Overvalued in 2026?

According to CirclFi’s 10-model valuation engine, Noble Roman's, Inc. (NROM) appears undervalued as of : the median of 10 independent fair value estimates is $0.89, 38.6% above the current price of $0.64. Estimates range from $0.19 to $1.35. NROM scores 7.4/10 on fundamental quality and 28/100 on value-trap risk.

For context, the median US equity CirclFi rates trades at an implied -23.7% versus its own 13-model consensus, across 3,801 rated companies as of 2026-08-27. NROM’s +38.6% gap is wider than that market norm, and the Restaurants sector median is -18.9%. Full market index →

This verdict compares price to intrinsic value only — it is not a buy or sell rating. For the decision case (bull vs bear arguments, risk factors, peers), read Should You Buy Noble Roman's, Inc. Stock in 2026? →

What Fair Value Does Each Model Give NROM?

10 Intrinsic Value Models vs. Current Price ($0.64)

Core Models (Unlocked)
Model Fair Value Upside
Intrinsic · High Conviction
 $0.19 -70.9%
Intrinsic · High Conviction
 $0.50 -21.6%
Ensemble · Medium Conviction
 $0.74 +15.3%
Intrinsic · High Conviction
 $0.34 -46.8%
Unlock the Full Matrix

Access 6 additional models including ML-RIV, PWERM, and more.

$1.30 / day

Billed monthly ($39/mo) or annually ($299/yr)

Unlock All 10 Models →

Cancel anytime · No contracts · Instant access

What Is NROM's Fair Value Range?

Spread across 10 independent models · $0.19 to $1.35

CirclFi's 10 active models place Noble Roman's, Inc. (NROM) between $0.19 and $1.35 per share, a spread of 131% of the median. The median of that range — $0.89 — is the fair value CirclFi publishes for NROM, against a current price of $0.64.

Low · Bayesian DCFHigh · Sentiment SOTP
$0.19median $0.89$1.35
Where the range comes from
Most bearish modelBayesian DCF$0.19
Most bullish modelSentiment SOTP$1.35
Model agreement7 bullish · 3 bearishwide

A band this wide is itself the finding. When independent methods land far apart, they are reading a business whose value depends heavily on which lens you apply — volatile earnings, heavy reinvestment, or an asset base that cash-flow and asset-based methods score differently. That disagreement is information: it says the choice of method matters more than usual for NROM. Treat the median as one reading among several and compare the individual models below before acting.

Every figure above is one model's standalone output on NROM, not a CirclFi price target. How each model works →

What Is Noble Roman's, Inc. (NROM) Worth in 2026?

According to the CirclFi Deep Alpha Valuation Engine, Noble Roman's, Inc.'s intrinsic value is estimated at a median fair value of $0.89. While the stock appears modestly undervalued at $0.64 (implied upside of +38.6%), our analysis suggests a thinner margin of safety across 7 of 10 bullish models. Notably, Sentiment SOTP sees the most upside at +111.0% (fair value: $1.35), while Bayesian DCF is the most conservative at -70.9% ($0.19). The spread between these extremes — +181.9% — reveals how different analytical frameworks can reach starkly different conclusions. Among models with highest confidence, EPV lean bearish — adding weight to the bearish side of the thesis.

What Do the Models Say About NROM?

10 of 13 models are currently active for NROM. Of these, 7 models suggest upside while 3 models suggest overvaluation. Taken together, their median fair value for NROM is $0.89 — the figure CirclFi publishes as this stock's fair value. One component of that median, the Bayesian DCF, returns $0.19 on its own, implying -70.9% downside from the current price. See which stocks rank higher →

How Does NROM Rank in Restaurants?

Among 55 Restaurants stocks, NROM ranks #24 by Quality of Company score. CirclFi's QOC score of 7.4/10 evaluates 32 fundamental signals. A score of 7.4 indicates above-average quality.

See all Most Undervalued Restaurants Stocks →

The Restaurants sector introduces analytical considerations specific to retail business businesses. For Noble Roman's, Inc., metrics like store traffic trends provide important context that general-purpose valuation models may underweight.

Is NROM a Value Trap?

CirclFi's Value Trap algorithm assigns NROM a score of 28/100 (LOW). This indicates low risk. The financial profile does not exhibit typical value trap warning signs. The score cross-references apparent undervaluation against fundamental deterioration signals. Browse lowest value-trap stocks →

Multi-Model Methodology

10 of 13 models are active for Noble Roman's, Inc.. Broad coverage provides high confidence. Each model applies a fundamentally different valuation philosophy. See the complete methodology →

According to the CirclFi Deep Alpha Valuation Engine, Noble Roman's, Inc. scores 7.4 out of 10 on our 32-signal quality assessment, a solid rating that maintains reasonable quality metrics with some areas for improvement. The QOC score synthesizes profitability margins, revenue growth reliability, debt management, and capital allocation into a single metric designed to separate durable businesses from statistically cheap ones.

The gap between the most bullish and bearish model spans +181.9% — demonstrating why single-model analysis is dangerous. Browse all stocks with 13-model coverage →

Data Sources & Confidence

Every NROM valuation is built from SEC EDGAR XBRL filings — 700+ standardized financial tags. Macroeconomic context from FRED calibrates discount rates, while GDELT news sentiment feeds into our Sentiment SOTP model. All pipelines run daily. Read the complete data methodology →

Across NROM's 10 active models, average confidence is 50%. Moderate confidence indicates reasonable fit.

CirclFi's output is a research starting point, not a buy/sell signal. All data updates daily. Read the full methodology →

This analysis is produced by the CirclFi Valuation Engine using quantitative models applied to SEC EDGAR filings, public market feeds, and FRED macroeconomic indicators. It is not financial advice.

Read the full investment analysis: Should You Buy Noble Roman's, Inc. Stock in 2026? →

Bull case, bear case, risk factors & peer comparison — updated daily

Which Similar Restaurants Stocks Should You Also Analyze?

11 related Restaurants stocks with 13-model coverage

LOCOEl Pollo Loco Holdings, Inc.QOC 7.6SBUXStarbucks CorporationQOC 7.4QSRRestaurant Brands International Inc.QOC 7.6GTIMGood Times Restaurants Inc.QOC 7.4RICKRCI Hospitality Holdings, Inc.QOC 7.7PZZAPapa John's International, Inc.QOC 7.2BHBiglari Holdings Inc.QOC 6.1HWHHWH International Inc.QOC 4.8NATHNathan's Famous, Inc.QOC 8.4EATBrinker International, Inc.QOC 9.3CMGChipotle Mexican Grill, Inc.QOC 9.2

Read investment analysis: LOCO · SBUX · QSR · GTIM · RICK · PZZA · BH · HWH · NATH · EAT · CMG

Which Other Stocks Have a Similar Quality Score to NROM?

7 companies across all industries closest to NROM’s Quality of Company score of 7.4/10.

WUThe Western Union CompanyQOC 7.4GOODGladstone Commercial CorporationQOC 7.4TENBTenable Holdings, Inc.QOC 7.4CXWCoreCivic, Inc.QOC 7.4LAZLazard, Inc.QOC 7.4ETREntergy CorporationQOC 7.4NVDANVIDIA CorporationQOC 10.0

Read investment analysis: WU · GOOD · TENB · CXW · LAZ · ETR · NVDA

Where Does NROM Sit in CirclFi's Restaurants Rankings?

NROM is ranked against every other Restaurants stock CirclFi covers in each of these screens.

See all Restaurants stocks ranked →

What Else Do Investors Ask About Noble Roman's, Inc.’s Valuation?

What is Noble Roman's, Inc.'s intrinsic value in 2026?

CirclFi puts Noble Roman's, Inc. (NROM)'s intrinsic value at $0.89 — the median of 10 independent model estimates as of 2026-08-27, ranging from $0.19 to $1.35. One component of that median, the Bayesian DCF, runs 10,000 Monte Carlo simulations with jump-diffusion and returns $0.19 on its own. The Quality of Company score is 7.4/10 across 32 fundamental signals. All models use SEC EDGAR filings updated daily. See our methodology page for how each model works.

Is NROM overvalued or undervalued right now?

At $0.64, 7 of 10 active models suggest NROM may be undervalued, while 3 indicate potential overvaluation. The median of all 10 fair value estimates is $0.89, 38.6% above the current price of $0.64 — a consensus view that NROM is undervalued. The assessment depends on which methodology best fits Noble Roman's, Inc.'s business model in Restaurants.

What does a Quality of Company score of 7.4 mean for NROM?

Noble Roman's, Inc.'s QOC of 7.4/10 reflects 32 fundamental signals: profitability margins, revenue growth consistency, balance sheet leverage, free cash flow generation, and capital allocation efficiency. Scores above 7 indicate strong fundamentals and disciplined management.

How many valuation models does CirclFi run on NROM?

CirclFi analyzes NROM with 13 institutional-grade models daily: Bayesian DCF (Monte Carlo + jump-diffusion), EPV (Greenwald zero-growth), EROIC Spread (McKinsey reinvestment), First Chicago (3-scenario), Markov DDM (regime-switching), ML-RIV (machine learning residual income), Dynamic NAV (asset-based), PWERM (option-theoretic), Regime Cross-Sectional (relative), Sentiment SOTP (hybrid), CUCE Ensemble (meta-model), FTNN Topology (neural network), and RCMH-DCF (conditional regime). Currently 10 of 13 are active for this stock. Read the full methodology →

Which valuation models are most bullish and most bearish on NROM?

Of the 10 models currently active on NROM, Sentiment SOTP is the most bullish at $1.35 per share, and Bayesian DCF is the most bearish at $0.19. CirclFi's published fair value for NROM is the median of that range, $0.89, not either extreme. The gap between the two ends equals 131% of the median — a wide spread, meaning the methods genuinely disagree and the median should carry less weight. Browse stocks by value-trap risk →

Is NROM a value trap in 2026?

Noble Roman's, Inc.'s Value Trap score is 28/100 (LOW). This low score indicates the current valuation is not artificially depressed by fundamental deterioration, suggesting genuine opportunity rather than a trap.

Cite this analysis — “According to CirclFi’s 10-model valuation engine, Noble Roman's, Inc. (NROM) has a median fair value of $0.89 — 38.6% above the current price of $0.64 — as of 2026-08-27.” Source: circlfi.com/stock/NROM/ · Methodology
Primary sources for this NROM valuation
  • Financial statements: Noble Roman's, Inc. 10-K and 10-Q filings on SEC EDGAR (CIK 0000709005) — 700+ standardized XBRL tags, published by the U.S. Securities and Exchange Commission.
  • Discount-rate inputs: FRED, Federal Reserve Bank of St. Louis — risk-free rates, VIX, yield curve, inflation.
  • News sentiment: The GDELT Project — global media tone, input to the Sentiment SOTP model.
  • Model definitions: CirclFi methodology — the published specification for all 13 models, including the academic sources each one implements.

Market data for NROM as of ; valuations recomputed .

You’ve done the research. Don’t stop at half the picture.

Stop collecting opinions. Let 10 mathematical frameworks give you clarity on NROM.

Unlock All 10 Fair Values — $39/mo

Cancel anytime · Less than a cup of coffee · Instant access

6 models hidden for NROM Unlock All 10 — $39/mo