Is Rave Restaurant Group, Inc. overvalued or undervalued?

As of 28 November 2025, Rave Restaurant Group, Inc. has moved from an attractive to a fair valuation grade. The company appears to be fairly valued based on its current metrics. Key ratios include a P/E ratio of 21, an EV to EBITDA of 12.59, and a PEG ratio of 0.95, which suggests that the stock is reasonably priced relative to its growth expectations.
In comparison to its peers, Rave Restaurant Group's P/E ratio of 21 is significantly lower than Potbelly Corp.'s P/E of 40.09, indicating that Rave may offer better value in terms of earnings. Additionally, the EV to EBITDA ratio of 12.59 is more favorable than the industry average, suggesting that the company is efficiently generating earnings relative to its enterprise value. Over the past year, Rave Restaurant Group has returned 8.19%, which is less than the S&P 500's return of 14.18%, reinforcing the notion that while the stock is fairly valued, it may not be the most attractive investment at this time.