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BT Brands, Inc. (BTBD) stock analysis

BTBDNasdaqRetail-Eating PlacesFiscal year ends December 31Also trades as BTBDW
Financials through Q2 FY2026, quarter ended Jun 28, 2026Last filing: 10-Q on Aug 17, 2026Score 6/3017% below fair value
$1.46−0.10 (-6.41%)

Close on Nov 11, 2026Market cap $9.03MP/E –Yield –

StockData Score

Prices as of Nov 11, 2026How the score works

Value3Growth0Performance1Health2Dividend0

Weak6 of 30 checks passed

BT Brands passes 6 of the 30 checks behind our score; 13 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.

Valuation
3/6
Growth
0/6
Past performance
1/6
Financial health
2/6
Dividend
0/6

What stands out

  • Trading below fair value

    The share price of $1.46 is below our fair value estimate of $1.75.

  • Low debt

    Debt is 31.5% of shareholders' equity, under the 40% we consider low.

  • EV/EBITDA below its 5-year median

    BT Brands's EV/EBITDA of 12.3 is below its 5-year median of 15.5.

  • P/B below the industry

    BT Brands's price-to-book of 1.42 is below the Eating and Drinking Places median of 3.13.

What to watch

  • Margin of safety under 20%

    The price is 16.6% below fair value, less than the 20% cushion we look for.

  • Return on equity under 15%

    Return on equity was -8.9% over the last twelve months and averaged -8.2% over five years; we look for 15% on both.

  • Return on capital under 10%

    Return on invested capital was -1.9%, below the 10% that usually covers the cost of capital.

  • Revenue growing under 10% a year

    Revenue grew 2.3% a year over the last three fiscal years, short of the 10% we look for.

Valuation3/6

  • P/E against its history

    Not enough price and earnings history to compare.

  • P/E against the industry

    Needs positive earnings and enough profitable companies in the industry.

  • EV/EBITDA below its 5-year median

    BT Brands's EV/EBITDA of 12.3 is below its 5-year median of 15.5.

  • P/B below the industry

    BT Brands's price-to-book of 1.42 is below the Eating and Drinking Places median of 3.13.

  • Trading below fair value

    The share price of $1.46 is below our fair value estimate of $1.75.

  • Margin of safety under 20%

    The price is 16.6% below fair value, less than the 20% cushion we look for.

Growth0/6

  • Revenue growing under 10% a year

    Revenue grew 2.3% a year over the last three fiscal years, short of the 10% we look for.

  • EPS growth over 3 years

    Needs positive EPS three years ago and today.

  • Earnings acceleration

    Needs positive net income now, a year ago and five years ago.

  • Growing slower than the industry

    Revenue grew -11.4% over the last twelve months; the Eating and Drinking Places median is 5.9%.

  • Company guidance

    No outlook found in earnings releases from the last twelve months.

  • Gross margin trend

    This company does not report gross profit.

Past performance1/6

  • Return on equity under 15%

    Return on equity was -8.9% over the last twelve months and averaged -8.2% over five years; we look for 15% on both.

  • Return on capital under 10%

    Return on invested capital was -1.9%, below the 10% that usually covers the cost of capital.

  • Return on equity below the industry

    BT Brands's return on equity of -8.9% is below the Eating and Drinking Places median of 7.9%.

  • Earnings over 5 years

    Needs positive net income five years ago and in the latest year.

  • Net margin above its 5-year average

    Net margin was -4.6% over the last twelve months, against a 5-year average of -4.9%.

  • Net margin below the industry

    BT Brands's net margin of -4.6% is below the Eating and Drinking Places median of 1.9%.

Financial health2/6

  • Low debt

    Debt is 31.5% of shareholders' equity, under the 40% we consider low.

  • Debt trend

    Needs a balance sheet from five years ago with positive equity.

  • Debt not well covered by cash flow

    Operating cash flow over the last twelve months equals 16.3% of total debt; we look for at least 20%.

  • Interest not well covered

    Operating income covers interest expense -1.4 times; we look for at least 5.

  • Short-term assets cover short-term debts

    Current assets are 4.48 times current liabilities.

  • Bankruptcy risk in the grey zone

    The Altman Z-score is 2.32; above 3 is the safe zone and below 1.8 the distress zone.

Dividend0/6

  • No dividend

    BT Brands has not paid a dividend in the last twelve months.

  • Yield against Treasuries

    No dividend.

  • Yield against the market

    No dividend.

  • Dividend stability

    No dividend.

  • Earnings cover

    No dividend.

  • Cash-flow cover

    No dividend.

Scores of similar companies

Fair value

How we estimate it

Our estimate per share

$1.75

The share price is 17% below this estimate.

20%+ below
Near fair value
20%+ above
$1.46Price$1.75Fair value
MethodMultiple usedOwn 5Y medianIndustry medianValue per shareWeight
EV/EBITDA13.8×15.5×12.3×$1.5978%
P/B2.2×1.3×3.1×$2.3022%
Fair value$1.75100%

Valuation over time

Using the earnings and balance sheet published at each date, not today's.

  • P/E at month end
  • Eating and Drinking Places median 28.5

An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.

Market risk

From the past year of daily prices.

Liquidity

High risk

Average value traded per day
$23.35K
Value traded per 1% price move
$5.84K

Downside

High risk

Typical loss in a bad month
44.1%
Volatility (annualized)
88%
Sharpe ratio, 1 year
-0.21
Beta to the S&P 500 (5Y)
0.14

Typical bad-month loss, week by week

25%: high

Margins

Share of revenue, fiscal years 2017 to 2025

Operating margin

-2.7%−9.2 pts over 5 years

Net margin

-5.1%−14.8 pts over 5 years

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