NASDAQ · RAVE
RAVE Restaurant Group, Inc.
Consumer Cyclical · Restaurants
$2.16▲ 3.35% ($0.07)at close
As of 4:00 PM ET
Valuation
Cash-flow DCF
Verdict: cheap. Price below all scenarios.
The price holds with free cash flow shrinking 23.9% a year for 5 years. Our scenarios assume −3.2–25.0%.
That's below its past 5-year pace of 18.8%.
Value per share
Base case
$7.92
Price used $2.16 is 73% below this
USD · TTM ending Jun 28, 2026 · Price Nov 2, 9:00 PM UTC
FCFF base normalized by replacing latest capex with the company's trailing median capex-to-revenue ratio.
7 more notes
CapEx normalization ceiling applied: historical capex ratio was set at smaller revenue scale. Capped at 2× TTM capex.
Working capital change smoothed: single-period ΔOWC exceeded ±5% of revenue and was capped to reduce timing noise.
Historical FCFF CAGR and the default growth rates are taken from the raw historical series. The valuation base is normalized for the current-period DCF.
Market beta (0.43) is below the minimum default of 0.5 — short lookback windows can understate systematic risk. Beta floored at 0.5 for default assumptions; adjust manually if needed.
Reported total debt includes capitalised leases (~100% of the total). They are excluded from net debt and from the WACC weights because rent is already charged inside operating income. The Net Debt shown here is therefore lower than the balance-sheet figure elsewhere on this page.
Historical FCFF CAGR (18.8%) is based on a 5.0-year window from 2021 — the 10-year target was unavailable because earlier years had negative FCFF, and the base year appears to be a cyclical trough (53% of series median). Default Stage 1 growth is anchored to the full-series YoY median instead; adjust manually for your view.
This estimate is at least 3× the price used. Review the assumptions behind the gap.
Free cash flow each value needs
Free cash flow today $2.3M. The price needs $806K by 2036. Base case: $5.5M. At its recent pace: $12.9M. Bear to Bull: $2.3M to $13.4M.
Free cash flow today $2.3M. The price needs $806K by 2036. Base case: $5.5M. At its recent pace: $12.9M. Bear to Bull: $2.3M to $13.4M.
Free cash flow in 2036
today $2.3M
−$4.7Mless than the Base case
Value per share · Base case
$7.92
Price $2.16
73% below this
- Stage 1 growth, yrs 1–5
- 11.8%
- Stage 2 growth, yrs 6–10
- 6.5%
- Discount rate
- 7.0%
FCFF base normalized by replacing latest capex with the company's trailing median capex-to-revenue ratio.
7 more notes
CapEx normalization ceiling applied: historical capex ratio was set at smaller revenue scale. Capped at 2× TTM capex.
Working capital change smoothed: single-period ΔOWC exceeded ±5% of revenue and was capped to reduce timing noise.
Historical FCFF CAGR and the default growth rates are taken from the raw historical series. The valuation base is normalized for the current-period DCF.
Market beta (0.43) is below the minimum default of 0.5 — short lookback windows can understate systematic risk. Beta floored at 0.5 for default assumptions; adjust manually if needed.
Reported total debt includes capitalised leases (~100% of the total). They are excluded from net debt and from the WACC weights because rent is already charged inside operating income. The Net Debt shown here is therefore lower than the balance-sheet figure elsewhere on this page.
Historical FCFF CAGR (18.8%) is based on a 5.0-year window from 2021 — the 10-year target was unavailable because earlier years had negative FCFF, and the base year appears to be a cyclical trough (53% of series median). Default Stage 1 growth is anchored to the full-series YoY median instead; adjust manually for your view.
This estimate is at least 3× the price used. Review the assumptions behind the gap.
USD · TTM ending Jun 28, 2026 · Price Nov 2, 9:00 PM UTC
What each scenario assumes. Click a column to start from it.
Price vs Fundamentals
Why The Stock Is Moving
What changed
The stock fell 14.29% over the last year. Revenue grew 7.23% in FY2026 versus FY2025. Operating margin moved from 27.13% to 26.91% (FY2026 versus FY2025). Free cash flow was flat in FY2026 versus FY2025.
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 26.91%. A decisive move in revenue — currently up 7.23% — would be the clearest signal to resolve the ambiguity.
Return analysis
Company profile
RAVE Restaurant Group, Inc., through its various subsidiaries, manages a diverse portfolio of pizza restaurant concepts.
Market multiples
Stock splits
No stock splits recorded for this ticker.
Profitability & growth
Analyst consensus
0
Buy
1
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Actuals vs estimates by quarter, or any quarter against the same one a year earlier.
Next report
Sep 24, 2026
Q1 FY27 · EPS est — · Revenue est —
Same quarter, year over year
FY26 Full year +10.5%Each cell vs the same quarter a year earlier (the cell below) · Q1–Q4 combined $0.21 vs $0.19 · 2 of 4 quarters up
Q1
Q2
Q3
Q4
FY total
FY26
FY25
FY24
Fiscal year totals
- FY26
- $0.21
- +10.5%
- FY25
- $0.19
- +11.8%
- FY24
- $0.17
- —
Q4 FY26
Reported Sep 24, 2026 · Latest
HoverTap a cell to inspect
Actual
$0.06
Estimate
—
Year over year
0.0%
Vs prior quarter
0.0%
Institutional Sentiment
RAVE Restaurant Group, Inc. · RAVE
From Form 13F filings (managers with $100M+). Filings land up to 45 days after quarter end — read this as positioning context, not live fund flow.