Noble Romans Inc
Noble Roman's, Inc., together with its subsidiaries, sells and services franchises in the United States. It also licenses and operates company-owned stand-alone restaurants and non-traditional foodservice operations under the Noble Roman's Craft Pizza & Pub, Noble Roman's Pizza, Noble Roman's Take-N-Bake, and Tuscano's Italian Style Subs trade names. The company was incorporated in 1972 and is he… Read more
Noble Romans Inc (NROM) - Net Assets
Latest net assets as of September 2025: $3.39 Million USD
Based on the latest financial reports, Noble Romans Inc (NROM) has net assets worth $3.39 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($16.08 Million) and total liabilities ($12.70 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $3.39 Million |
| % of Total Assets | 21.05% |
| Annual Growth Rate | 1.14% |
| 5-Year Change | -6.01% |
| 10-Year Change | -85.11% |
| Growth Volatility | 58.62 |
Noble Romans Inc - Net Assets Trend (2000–2024)
This chart illustrates how Noble Romans Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Noble Romans Inc (2000–2024)
The table below shows the annual net assets of Noble Romans Inc from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $2.22 Million | +1.12% |
| 2023-12-31 | $2.19 Million | +208.48% |
| 2022-12-31 | $710.21K | -75.46% |
| 2021-12-31 | $2.89 Million | +22.81% |
| 2020-12-31 | $2.36 Million | -69.91% |
| 2019-12-31 | $7.83 Million | -3.82% |
| 2018-12-31 | $8.15 Million | -23.50% |
| 2017-12-31 | $10.65 Million | -24.04% |
| 2016-12-31 | $14.02 Million | -5.76% |
| 2015-12-31 | $14.87 Million | +8.06% |
| 2014-12-31 | $13.77 Million | +17.62% |
| 2013-12-31 | $11.70 Million | -5.45% |
| 2012-12-31 | $12.38 Million | +5.55% |
| 2011-12-31 | $11.73 Million | +7.74% |
| 2010-12-31 | $10.88 Million | +2.47% |
| 2009-12-31 | $10.62 Million | +18.53% |
| 2008-12-31 | $8.96 Million | -20.77% |
| 2007-12-31 | $11.31 Million | +31.28% |
| 2006-12-31 | $8.62 Million | +32.30% |
| 2005-12-31 | $6.51 Million | +53.03% |
| 2004-12-31 | $4.26 Million | +72.87% |
| 2003-12-31 | $2.46 Million | +110.79% |
| 2002-12-31 | $1.17 Million | +73.04% |
| 2001-12-31 | $675.00K | -60.01% |
| 2000-12-31 | $1.69 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Noble Romans Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 2265241700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $24.87 Million | 1122.52% |
| Total Equity | $2.22 Million | 100.00% |
Noble Romans Inc Competitors by Market Cap
The table below lists competitors of Noble Romans Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Boron One Holdings Inc.
V:BONE
|
$5.70 Million |
|
Move Logistics Group Ltd
AU:MOV
|
$5.70 Million |
|
Visgeneer
TWO:4197
|
$5.70 Million |
|
PUDO Inc
OTCQB:PDPTF
|
$5.70 Million |
|
U10 SA
PA:ALU10
|
$5.70 Million |
|
LOCKHEED MARTIN - Dusseldorf Stock Exchang
DU:LOM
|
$5.70 Million |
|
ALPINA HOLDINGS
F:B0M
|
$5.70 Million |
|
Tintra PLC
PINK:TNTAF
|
$5.70 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Noble Romans Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,190,883 to 2,215,361, a change of 24,478 (1.1%).
- Net loss of 3,174 reduced equity.
- Other factors increased equity by 27,652.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-3.17K | -0.14% |
| Other Changes | $27.65K | +1.25% |
| Total Change | $- | 1.12% |
Book Value vs Market Value Analysis
This analysis compares Noble Romans Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.21x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | $0.00 | $0.32 | x |
| 2016-12-31 | $0.00 | $0.32 | x |
| 2017-12-31 | $0.51 | $0.32 | x |
| 2018-12-31 | $0.38 | $0.32 | x |
| 2019-12-31 | $0.35 | $0.32 | x |
| 2020-12-31 | $0.11 | $0.32 | x |
| 2021-12-31 | $0.13 | $0.32 | x |
| 2022-12-31 | $0.03 | $0.32 | x |
| 2023-12-31 | $0.10 | $0.32 | x |
| 2024-12-31 | $0.10 | $0.32 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Noble Romans Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -0.14%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -0.02%
- • Asset Turnover: 0.90x
- • Equity Multiplier: 7.57x
- Recent ROE (-0.14%) is above the historical average (-5.45%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 31.46% | 9.55% | 0.43x | 7.70x | $362.20K |
| 2002 | 42.29% | 7.43% | 0.49x | 11.64x | $377.20K |
| 2003 | 52.52% | 16.62% | 0.54x | 5.80x | $1.05 Million |
| 2004 | 21.97% | 11.82% | 0.52x | 3.58x | $509.40K |
| 2005 | 43.76% | 33.80% | 0.54x | 2.38x | $2.20 Million |
| 2006 | 21.99% | 19.97% | 0.59x | 1.87x | $1.03 Million |
| 2007 | 22.00% | 21.52% | 0.66x | 1.54x | $1.36 Million |
| 2009 | 15.78% | 22.20% | 0.45x | 1.57x | $613.70K |
| 2010 | 2.86% | 4.28% | 0.43x | 1.55x | $-777.50K |
| 2011 | 6.98% | 11.10% | 0.43x | 1.47x | $-353.80K |
| 2012 | 5.04% | 8.55% | 0.43x | 1.39x | $-613.90K |
| 2013 | 0.78% | 1.21% | 0.46x | 1.40x | $-1.08 Million |
| 2014 | 11.55% | 20.09% | 0.45x | 1.29x | $213.40K |
| 2015 | 5.28% | 10.17% | 0.42x | 1.24x | $-701.72K |
| 2016 | -6.21% | -11.11% | 0.39x | 1.42x | $-2.27 Million |
| 2017 | -31.79% | -34.41% | 0.52x | 1.77x | $-4.45 Million |
| 2018 | -37.59% | -24.60% | 0.79x | 1.92x | $-3.88 Million |
| 2019 | -4.83% | -3.23% | 0.61x | 2.44x | $-1.16 Million |
| 2020 | -228.34% | -46.65% | 0.63x | 7.81x | $-5.62 Million |
| 2021 | 17.60% | 3.67% | 0.72x | 6.69x | $220.01K |
| 2022 | -185.02% | -9.09% | 0.79x | 25.83x | $-1.39 Million |
| 2023 | 66.65% | 10.16% | 0.78x | 8.43x | $1.24 Million |
| 2024 | -0.14% | -0.02% | 0.90x | 7.57x | $-224.71K |
Industry Comparison
This section compares Noble Romans Inc's net assets metrics with peer companies in the Restaurants industry.
Industry Context
- Industry: Restaurants
- Average net assets among peers: $1,100,683,888
- Average return on equity (ROE) among peers: -9.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Noble Romans Inc (NROM) | $3.39 Million | 31.46% | 3.75x | $5.70 Million |
| Alsea S.A.B. de C.V (ALSSF) | $9.60 Billion | 31.08% | 7.07x | $902.51 Million |
| Arcos Dorados Holdings Inc (ARCO) | $695.30 Million | 7.75% | 2.14x | $952.86 Million |
| AmRest Holdings SE (ARHOF) | $264.70 Million | -68.76% | 6.99x | $477.90 Million |
| Ark Restaurants Corp (ARKR) | $7.80 Million | -3.85% | 0.72x | $10.36 Million |
| Big Buck Brewery & Steakhouse Inc (BBUCQ) | $5.62 Million | -39.20% | 3.43x | $1.94 |
| Flanigans Enterprises Inc (BDL) | $7.67 Million | 17.79% | 0.46x | $18.25 Million |
| Bagger Dave's Burger Tavern Inc (BDVB) | $2.41 Million | -143.08% | 1.53x | $654.12K |
| BurgerFi International, Inc. (BFICQ) | $78.95 Million | -131.01% | 2.51x | $1.57K |
| Biglari Holdings Inc (BH-A) | $1.80 Million | 233.33% | 36.28x | $310.04 Million |
| BJs Restaurants Inc (BJRI) | $345.51 Million | 1.18% | 2.51x | $663.68 Million |