NASDAQ · RAVE

RAVE Restaurant Group, Inc.

Consumer Cyclical · Restaurants

$2.88▼ 1.03% ($0.03)at close

As of 4:00 PM ET

52-week

$2.25$3.75

Market cap

$40.93M

P/E

What the market price implies · Reverse DCF

To support a price of $2.88, this model requires revenue to grow by -6.82%/yr over the next 10 years, compounded annually.

Historical revenue grew by 8.8%/yr over the past 4 years. The required annual growth rate is 15.62 percentage points lower.

Selected forecast · Base scenario

4.19%/yr · actual 10-year annualized revenue growth

Year 1 growth: 6.55%

Market-implied · Base operating assumptions + edited margins

-6.82%/yr · flat 10-year annualized revenue growth

Reverse DCF solves revenue growth itself using Base operating assumptions and your edited margins. Changing forecast growth alone does not change the implied rate. This is a model-implied requirement, not an analyst forecast.

Valuation

Recommended · Revenue & margin DCF

Price used

$2.88

Estimated value / share

$5.70

Base scenario

This estimate is 97.99% above the price used.

USD · TTM ending 2026-03-29

Year 1 growth 6.55% · Ending margin 29.58% · Discount rate 7.72%

Assumption scenarios, not statistical confidence intervals.

Method, dates & sources

Estimated from future revenue, operating margins, and the investment needed to support them.

Price timestamp: Sep 18, 2026, 8:00 PM UTC
Financial statement period: TTM ending 2026-03-29
Data refreshed: Sep 19, 2026, 3:27 AM UTC · provider

Why this method?

FCFF is positive, but the series is too unstable to anchor a direct cash-flow CAGR and the business still fails the steady-state comparability checks. Use a revenue-and-margin transition model instead of normalizing and compounding current FCFF.

Is FCFF positive and has it been for 3+ consecutive years? 5 consecutive positive FCFF years are available.

Is FCFF stable (not swinging >30% year to year)? The largest recent FCFF swing is 124.6%.

Do you have 5+ years of positive FCFF history? 5 consecutive positive FCFF years are available.

Is the business model structurally similar to what it should be in 10 years? Operating margin moved 14.8 percentage points across the last five years, above the 10.0-point stability threshold, so steady-state FCFF is not a reliable anchor yet.

Price vs Fundamentals

Why The Stock Is Moving

Mixed / unclearLow confidence

Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.

1Y Price: -17.43%Revenue (TTM): 3.2%FCF (TTM): -9.08%P/FCF: 55th pct

What changed

The stock fell 17.43% over the last year. Revenue grew 3.2% over the trailing twelve months. Operating margin moved from 26.66% to 28.36%. Free cash flow declined 9.08% over the trailing twelve months.

What the market seems to be pricing

The stock has moved lower against modestly improving underlying metrics. The operating data does not yet tell a clear story — the move may reflect sentiment, sector rotation, or macro factors rather than company-specific earnings power.

What would invalidate this read

Operating margin currently stands at 28.36%. A decisive move in revenue — currently up 3.2% — would be the clearest signal to resolve the ambiguity.

Performance

Return analysis

Company profile

RAVE Restaurant Group, Inc., through its various subsidiaries, manages a diverse portfolio of pizza restaurant concepts.

CEOBrandon L. Solano

SectorConsumer Cyclical

IndustryRestaurants

Employees24

IPO dateSep 1, 1993

https://www.raverg.com

Market multiples

Forward P/E—

EV/EBITDA9.89

Enterprise value$37.59M

Stock splits

No stock splits recorded for this ticker.

Profitability & growth

Revenue growth8.66%

Gross margin (FY2025)71.78%▲1.9ppvs FY2024

Operating margin (FY2025)27.13%▲2.9ppvs FY2024

ROE19.66%▼0.5ppvs FY2025

Analyst consensus

RatingHold

Target price—

Buy

Hold

Sell

Analyst ratings tend to be lagging indicators. Use as one signal among many.

Earnings

Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.

Next report

May 7, 2026

Q3 FY26 · EPS est — · Revenue est —

View