NATHAN’S FAMOUS, INC.

NATH · Consumer Discretionary · $409.4M mkt cap · FY2026 filings · Narrow moat

On the watchlist

Narrow moat

The four filters

Pricing power62

Median gross margin 43.4% over 10y, stable.

Returns on capital100

Median ROIC 545.2%, above the 9% hurdle in 100% of years.

Balance-sheet safety66

Net debt/EBITDA 0.8x, interest coverage 11x.

Capital discipline83

Owner earnings +11.6%/yr, share count shrinking (buybacks).

Margin of safety

Above valueOn sale

11% above value

Owner earnings (normalized): $20.4M
Est. intrinsic value / share: $89.85
Recent price: $100.00
Discount to value: 11% above value

Conservative model: 9% discount rate, 4% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).

Moat Score history

Score history begins 2026-07-17. Check back as the record builds.

Scores are logged append-only and never overwritten — this record can't be backfilled, which is exactly why it's worth keeping.

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Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell NATH. See the disclaimer.