Nathan's Famous, Inc. (NATH) Key Metrics
NATH valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $417.6M
- Enterprise value
- $413.1M
- P/E (TTM)
- 21.1 10-yr median 17.8
- Forward P/E
- 24.6
- PEG ratio
- 1.56
- Price / sales
- 2.5 10-yr median 2.6
- Price / book
- 3.4
- EV / EBITDA
- 13.0 10-yr median 11.2
- Dividend yield
- 1.96% $2.00 a year
- Beta
- 0.25
NATH key metrics, FY2017–FY2026
Fiscal year ended March 31, 2026 · U.S. dollarsNATH valuation Price multiples at each fiscal year-end price.
NATH returns How much profit the business earns on the capital it uses.
NATH per-share figures Results divided by the shares outstanding at year-end.
NATH financial health Debt, liquidity and how easily interest is covered.
NATH efficiency & capital use Working capital cycle and where the cash goes.
NATH valuation history
NATH returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
NATH debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
NATH cash returned to shareholders
NATH price vs earnings per share
NATH key metrics
FY2017–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $415.4M | $394.7M | $289.4M | $309.2M | $222.9M | $259.7M | $257.2M | $288.6M | $311.9M | $263.5M |
| Enterprise value | $443.1M | $422.8M | $334.7M | $365.6M | $289.4M | $334.8M | $336.3M | $358.7M | $409.6M | $343.1M |
| P/E ratio | 20.7 | 16.4 | 14.8 | 15.8 | 16.4 | 23.4 | 19.1 | 13.4 | 118.6 | 35.2 |
| Price / sales | 2.6 | 2.7 | 2.1 | 2.4 | 1.9 | 3.4 | 2.5 | 2.8 | 3.0 | 2.7 |
| Price / free cash flow | 23.3 | 15.8 | 14.7 | 16.1 | 14.1 | 23.2 | 22.4 | 27.0 | 17.0 | 28.4 |
| Price / operating cash flow | 22.8 | 15.6 | 14.5 | 15.6 | 13.5 | 22.1 | 20.8 | 25.9 | 16.5 | 25.3 |
| EV / sales | 2.7 | 2.9 | 2.4 | 2.8 | 2.5 | 4.4 | 3.3 | 3.5 | 3.9 | 3.6 |
| EV / EBITDA | 13.9 | 11.2 | 9.9 | 10.2 | 9.7 | 12.4 | 11.3 | 8.7 | 21.5 | 12.4 |
| EV / free cash flow | 24.8 | 16.9 | 17.0 | 19.0 | 18.3 | 29.9 | 29.3 | 33.5 | 22.4 | 37.0 |
| Earnings yield | 4.8% | 6.1% | 6.8% | 6.3% | 6.1% | 4.3% | 5.2% | 7.4% | 0.8% | 2.8% |
| Free cash flow yield | 4.3% | 6.3% | 6.8% | 6.2% | 7.1% | 4.3% | 4.5% | 3.7% | 5.9% | 3.5% |
| Dividend yield | 4.4% | 2.1% | 2.8% | 2.4% | 2.8% | 2.2% | 2.3% | 1.5% | 6.8% | 0.1% |
| Shareholder yield (dividends + buybacks) | 4.4% | 2.1% | 2.9% | 3.1% | 3.2% | 2.8% | 4.2% | 1.8% | 6.8% | 0.6% |
| Share price at fiscal year-end | $100.73 | $96.38 | $70.80 | $75.60 | $54.17 | $63.09 | $61.00 | $68.40 | $73.90 | $62.65 |
| Per share | ||||||||||
| Revenue per share | $39.30 | $36.19 | $33.91 | $31.98 | $27.92 | $18.43 | $24.51 | $24.13 | $24.69 | $22.98 |
| Earnings per share | $4.85 | $5.87 | $4.80 | $4.80 | $3.30 | $2.69 | $3.19 | $5.09 | $0.62 | $1.78 |
| Operating cash flow per share | $4.42 | $6.16 | $4.89 | $4.85 | $4.00 | $2.86 | $2.93 | $2.64 | $4.47 | $2.48 |
| Free cash flow per share | $4.33 | $6.11 | $4.82 | $4.70 | $3.85 | $2.72 | $2.72 | $2.54 | $4.34 | $2.21 |
| Cash per share | $5.92 | $6.79 | $5.14 | $7.30 | $12.17 | $19.69 | $18.29 | $17.88 | $13.58 | $13.53 |
| Book value per share | −$3.45 | −$4.03 | −$8.06 | −$10.90 | −$13.36 | −$15.18 | −$15.75 | −$16.62 | −$20.04 | −$15.81 |
| Tangible book value per share | −$3.56 | −$4.18 | −$8.25 | −$11.13 | −$13.64 | −$15.48 | −$16.07 | −$16.96 | −$20.38 | −$16.15 |
| Dividends per share | $4.46 | $2.00 | $2.00 | $1.85 | $1.50 | $1.40 | $1.40 | $1.03 | $4.99 | $0.09 |
| Capex per share | $0.09 | $0.05 | $0.08 | $0.15 | $0.15 | $0.13 | $0.21 | $0.11 | $0.13 | $0.27 |
| Debt per share | $12.63 | $13.66 | $16.24 | $21.08 | $28.32 | $37.95 | $37.06 | $34.47 | $36.73 | $32.46 |
| Shares outstanding | 4.1M | 4.1M | 4.1M | 4.1M | 4.1M | 4.1M | 4.2M | 4.2M | 4.2M | 4.2M |
| Change in shares outstanding | +0.7% | +0.2% | −0.1% | −0.6% | −0.0% | −2.4% | −0.1% | −0.0% | +0.4% | −5.8% |
| Returns & profitability | ||||||||||
| Return on invested capital (ROIC) | 170.6% | 222.6% | 191.6% | 216.6% | 181.4% | 145.1% | 321.1% | — | 132.0% | 126.7% |
| Return on assets (ROA) | 37.4% | 47.0% | 36.5% | 28.6% | 14.5% | 10.3% | 13.4% | 24.6% | 3.3% | 10.0% |
| Return on tangible assets | 37.6% | 45.5% | 40.8% | 34.0% | 17.6% | 10.3% | 12.8% | 23.1% | 3.3% | 9.8% |
| Free cash flow margin | 11.0% | 16.9% | 14.2% | 14.7% | 13.8% | 14.8% | 11.1% | 10.5% | 17.6% | 9.6% |
| Income quality (OCF / net income) | 0.91 | 1.05 | 1.02 | 1.01 | 1.21 | 1.06 | 0.92 | 0.52 | 7.17 | 1.39 |
| Financial health | ||||||||||
| Total debt | $52.1M | $55.9M | $66.4M | $86.2M | $116.5M | $156.2M | $156.3M | $145.5M | $155.0M | $136.5M |
| Cash & short-term investments | $24.4M | $27.8M | $21.0M | $29.9M | $50.1M | $81.1M | $77.1M | $75.4M | $57.3M | $56.9M |
| Net debt | $27.7M | $28.1M | $45.4M | $56.4M | $66.5M | $75.2M | $79.1M | $70.0M | $97.7M | $79.6M |
| Debt / assets | 0.97 | 1.05 | 1.36 | 1.47 | 1.48 | 1.44 | 1.47 | 1.54 | 1.94 | 1.75 |
| Net debt / EBITDA | 0.87 | 0.74 | 1.34 | 1.58 | 2.24 | 2.77 | 2.65 | 1.69 | 5.13 | 2.87 |
| Current ratio | 2.49 | 2.69 | 2.49 | 2.83 | 3.98 | 6.49 | 6.14 | 5.84 | 3.98 | 6.27 |
| Quick ratio | 2.45 | 2.62 | 2.44 | 2.80 | 3.95 | 6.44 | 6.12 | 5.80 | 3.96 | 6.22 |
| Interest coverage | 10.5 | 8.9 | 6.1 | 4.4 | 2.9 | 2.4 | 2.6 | 2.6 | 2.0 | 1.8 |
| Working capital | $28.2M | $28.4M | $23.2M | $30.7M | $49.0M | $80.1M | $75.2M | $72.2M | $53.7M | $56.8M |
| Invested capital | $13.5M | $11.6M | $12.4M | $11.8M | $11.5M | $12.7M | $12.7M | −$114,000 | $13.1M | $13.1M |
| Tangible asset value | −$14.7M | −$17.1M | −$33.7M | −$45.5M | −$56.1M | −$63.7M | −$67.8M | −$71.6M | −$86.0M | −$67.9M |
| Net current asset value | −$20.8M | −$24.9M | −$43.0M | −$55.8M | −$68.1M | −$76.6M | −$83.2M | −$77.3M | −$93.0M | −$77.1M |
| Graham net-net per share | −$6.77 | −$7.47 | −$11.88 | −$15.05 | −$17.76 | −$19.65 | −$20.71 | −$19.20 | −$23.23 | −$19.19 |
| Capital allocation | ||||||||||
| Dividends paid | $18.4M | $8.2M | $8.2M | $7.6M | $6.2M | $5.8M | $5.9M | $4.3M | $21.1M | $375,000 |
| Share buybacks (net) | — | — | $362,000 | $1.9M | $1.1M | $1.5M | $5.0M | $1.0M | $157,000 | $1.3M |
| Dividend payout ratio | 91.9% | 34.0% | 41.6% | 38.5% | 45.4% | 52.0% | 44.0% | 20.2% | 801.3% | 5.0% |
| Dividends + buybacks / free cash flow | 103.0% | 32.7% | 43.3% | 49.2% | 45.7% | 64.8% | 94.8% | 49.8% | 116.0% | 17.7% |
| Capex / revenue | 0.2% | 0.2% | 0.2% | 0.5% | 0.6% | 0.7% | 0.8% | 0.4% | 0.5% | 1.2% |
| Capex / operating cash flow | 2.0% | 0.9% | 1.6% | 3.2% | 3.9% | 4.7% | 7.0% | 4.0% | 3.0% | 10.8% |
| Capex / depreciation | 0.40 | 0.24 | 0.28 | 0.55 | 0.60 | 0.47 | 0.71 | 0.37 | 0.42 | 0.87 |
| Stock-based compensation / revenue | 0.7% | 0.7% | 0.5% | 0.2% | 0.1% | 0.2% | 0.1% | 0.2% | 0.4% | 0.6% |
| SG&A / revenue | 11.0% | 9.8% | 11.3% | 10.8% | 11.4% | 15.9% | 14.3% | 13.6% | 12.9% | 14.1% |
| Efficiency | ||||||||||
| Days sales outstanding | 39.2 | 37.3 | 40.8 | 40.1 | 40.5 | 55.7 | 37.8 | 40.1 | 36.9 | 33.8 |
| Days of inventory on hand | 3.4 | 3.9 | 2.8 | 2.4 | 3.0 | 4.9 | 2.8 | 2.9 | 2.8 | 4.2 |
| Days payables outstanding | 22.7 | 22.6 | 24.9 | 28.9 | 26.9 | 37.1 | 26.5 | 36.6 | 33.3 | 31.9 |
| Cash conversion cycle (days) | 19.9 | 18.7 | 18.7 | 13.6 | 16.5 | 23.4 | 14.1 | 6.4 | 6.4 | 6.0 |
| Receivables turnover | 9.32 | 9.77 | 8.95 | 9.10 | 9.02 | 6.56 | 9.66 | 9.09 | 9.89 | 10.81 |
| Payables turnover | 16.08 | 16.16 | 14.64 | 12.64 | 13.59 | 9.83 | 13.78 | 9.98 | 10.95 | 11.43 |
| Inventory turnover | 107.13 | 93.26 | 129.41 | 152.96 | 123.60 | 74.05 | 131.74 | 127.99 | 129.30 | 87.55 |
| Asset turnover | 3.03 | 2.90 | 2.58 | 1.91 | 1.23 | 0.70 | 1.03 | 1.17 | 1.32 | 1.29 |
| Average receivables | $17.4M | $15.2M | $15.5M | $14.4M | $12.7M | $11.6M | $10.7M | $11.2M | $10.5M | $8.9M |
| Average payables | $7.0M | $6.0M | $6.1M | $6.4M | $5.2M | $3.8M | $4.4M | $5.9M | $5.7M | $4.8M |
| Average inventory | $1.1M | $1.0M | $690,500 | $530,500 | $573,000 | $501,000 | $456,500 | $459,500 | $481,500 | $633,000 |
| Intangibles / total assets | 0.8% | 1.2% | 1.6% | 1.6% | 1.4% | 1.1% | 1.3% | 1.5% | 1.8% | 1.9% |
Computed from NATH's annual financial statements (latest annual report filed June 9, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
NATH valuation and financial ratios
At the end of fiscal 2026 (March 31, 2026), Nathan's Famous traded at 20.7 times earnings, against a 10-year median of 17.8. Based on the latest twelve months, the trailing P/E is 21.1 and the forward P/E is 24.6. Nathan's Famous earned a return on invested capital of 170.6% in fiscal 2026. It ended the year with $52.1 million of debt and $24.4 million in cash and short-term investments, net debt of $27.7 million. It returned $18.4 million to shareholders: $18.4 million in dividends and $0 in share buybacks, 103% of free cash flow.
See the NATH income statement, the NATH chart for price history, or the NATH stock overview for the latest quote and news.
NATH key metrics FAQ
What is Nathan's Famous's P/E ratio?
Nathan's Famous's trailing P/E ratio is 21.1 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 24.6. At the end of fiscal 2026 it was 20.7, compared with a 10-year median of 17.8.
What is Nathan's Famous's EV/EBITDA?
Nathan's Famous's enterprise value was 13.9 times EBITDA at the end of fiscal 2026 (enterprise value $443.1 million, EBITDA $32.0 million); the current EV/EBITDA is 13.0.
What is Nathan's Famous's ROIC?
Nathan's Famous's return on invested capital was 170.6% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Nathan's Famous have?
Nathan's Famous had total debt of $52.1 million at the end of fiscal 2026 and $27.7 million of net debt (0.87 times EBITDA).
What is Nathan's Famous's dividend yield?
Nathan's Famous's forward dividend yield is 1.96%. Nathan's Famous paid $18.4 million in dividends in fiscal 2026 ($4.46 per share), a payout ratio of 91.9%.
What is Nathan's Famous's free cash flow yield?
Nathan's Famous generated $17.9 million of free cash flow in fiscal 2026, a free cash flow yield of 4.3% on its market value at year-end ($415.4 million).
What is Nathan's Famous's current ratio?
Nathan's Famous's current ratio was 2.49 at the end of fiscal 2026: current assets were 2.49 times current liabilities.