RAVE Restaurant Group, Inc. (RAVE) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+148.8%

$5.37

vs $2.16 price

Levered DCF

$6.47

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

11.25

Safe zone

Rating

A+

Overall 5 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	16.95×	14.47×	10.94×	18.36×	2.42×	16.86×	-2.68×	-59.24×
P/B	2.78×	2.82×	2.12×	2.98×	1.46×	4.47×	22.58×	10.03×
P/S	3.73×	3.31×	2.21×	2.6×	1.83×	2.98×	1.13×	3.61×
EV / EBITDA	11.91×	9.89×	6.7×	9.65×	4.56×	9.27×	10.12×	-189.51×
Gross margin	72.6%	71.8%	69.9%	66.7%	69.3%	69.1%	65.2%	60.2%
Operating margin	26.9%	27.1%	24.2%	18.1%	23.2%	12.3%	9.8%	13.6%
Net margin	22.3%	22.4%	20.4%	13.6%	75.0%	17.7%	-42.2%	-6.1%
Current ratio	9.31×	6.61×	4.72×	3.11×	3.48×	2.29×	1.96×	1.88×
Debt / equity	0.01×	0.04×	0.08×	0.14×	0.14×	0.73×	12.54×	0.36×
Interest coverage	0×	0×	0×	2,156×	40.64×	11.5×	10.34×	16.16×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	16.6%	19.1%	19.5%	15.5%	59.8%	26.5%	-841.6%	-16.9%
Return on invested capital	14.3%	16.1%	16.6%	12.9%	15.4%	9.5%	12.6%	19.6%
Return on assets	14.7%	16.3%	15.6%	11.3%	43.3%	11.4%	-43.6%	-7.2%
Free cash flow yield	6.9%	8.4%	9.9%	7.7%	6.2%	4.7%	-3.7%	1.3%
Earnings yield	6.0%	6.8%	9.2%	5.2%	40.9%	5.9%	-37.3%	-1.7%
Enterprise value	$47.3M	$37.6M	$24.9M	$27M	$13.8M	$21.5M	$14.7M	$43.8M
Net debt / EBITDA	-0.23×	-0.6×	-0.52×	-1.39×	-1.91×	-1.78×	2.3×	2.94×
Cash conversion cycle (days)	21	15	9	-8	-1	-11	8	18