Bt Brands Inc (BTBD) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Bt Brands Inc $0.37, price $1.87, upside -80.2%, quality 57 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Structural break:
The valuation model sees a lasting decline in earnings power for this stock, the confidence band is broken. Treat the target with caution.
Stretched ValuationStrong overvaluation with only moderate quality.
!Fair value $0.3700 · Strongly overvalued (−80%)
!Quality 57/100
!Mixed Growth(revenue 5y +10.6 %/yr)
!Loss-making · -8.5% net margin (TTM)
✓Low debt · generates free cash flow
!Trails peers(1/12)
!Narrow moat7/100
!Evidence only low, so the estimate is less certain
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69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
58‑month range $1.00 – $4.58 · fair‑value band $0.1900 – $0.6400 · the $1.87 price screens above the $0.3700 fair value. Dashed = 300-day average. As of Sep 23, 2026.
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BT Brands, Inc. owns and operates restaurants in the North Central region of the United States. The company operates Burger Time restaurants, which offer various burgers and other quick-service items; Keegan's Seafood Grille, a dine-in restaurant; and Pie In The Sky Coffee and Bakery, a coffee shop and bakery restaurant.
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BT Brands, Inc. owns and operates restaurants in the North Central region of the United States. The company operates Burger Time restaurants, which offer various burgers and other quick-service items; Keegan's Seafood Grille, a dine-in restaurant; and Pie In The Sky Coffee and Bakery, a coffee shop and bakery restaurant. It is also involved in the operation of Schnitzel Haus, a German-themed fine dining restaurant and bar; and Bagger Dave's Burger Tavern, a casual restaurant-and-bar concept. The company was founded in 1987 and is based in Minnetonka, Minnesota.
Stock analysis
Bt Brands Inc (BTBD) currently trades at $1.87, while our model-based Fair Value estimate is $0.3700, implying the stock looks roughly 405.3% overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of $0.7000 per share, and 0 of the 9 models we run sit above the $1.87 price.
Bear case: the Multiples group reads lowest at $0.0600, and 9 of the 9 models stay below the price. Evidence for this calculation is low.
Scenario range: $0.1900 (bear) to $0.6400 (bull), the price of $1.87 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 57/100 (solid quality), in the Consumer Cyclical sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Bt Brands Inc reported revenue of $13.5M in FY2025 versus $8.5M in FY2021, a compound +12.4%/yr. Reported net income was −$688K in FY2025.
Key figures
Market cap $11.5M · P/S ratio 0.54 · EPS (TTM) $−0.1800 · Net margin −5.1% · Return on equity −18.0% · Return on assets (EBIT) −4.6% · Operating margin −8.2% · Revenue (TTM) $13.1M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 28 out of 100 (low confidence).
What moves the price
The share trades about 17% below its 52-week high and 80% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −22% fair-value upside, at −80%, BTBD screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely ($0.0600 to $0.7000). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear $0.1900Fair Value $0.3700Bull $0.6400
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−9.0%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+2.3%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+10.6%
Start year 2020 (pandemic)
Revenue growth 12 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+8.8%
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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
6.5% (2020) → −2.9% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+32.8%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +29.7% a year for the price.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Restaurants · 226 stocks
Beats the industry median on 1/11 measures
Overall it trails its industry peers.
Valuation
Quality Score57 · Above median
Fair Value upside−80% · Bottom 25%
Profitability
Return on assets−2% · Bottom 25%
Net margin (TTM)−8% · Bottom 25%
Operating margin (TTM)−8% · Bottom 25%
Growth and dividend
Revenue growth−12% · Bottom 25%
Balance sheet
Debt / equity0.30× · Above median
Valuation Multiplesvs Restaurants median · lower = cheaper
P/B1.79× · Pricier than median
P/S (TTM)0.88× · Pricier than median
P/FCF102.8× · Priciest 25%
EV/EBITDA40.3× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 39
FUTURE (revenue growth)0· sector 18
PAST (return on equity)0· sector 21
HEALTH (low debt)85· sector 95
DIVIDEND (yield)0· sector 70
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Bt Brands Inc (BTBD) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of $0.3700 versus a price of $1.87, about −80% upside (overvalued).
What is the fair value of BTBD?
Our model-based fair value for Bt Brands Inc is $0.3700 (as of Sep 23, 2026), built from audited fundamentals. The current price: $1.87.
What is the quality score of BTBD?
Bt Brands Inc has a Quality Score of 57/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Bt Brands Inc (BTBD)?
Our model-based price target is the fair value of $0.3700 (as of Sep 23, 2026) from 9 valuation models. Cautious scenario $0.1900, optimistic scenario $0.6400. It is a calculation from audited fundamentals, not an analyst target.
What is the Bt Brands Inc stock forecast for 2026?
Our models put fair value at $0.3700, about −80% upside versus a price of $1.87 (overvalued). Cautious scenario $0.1900, optimistic scenario $0.6400. The calculation is refreshed regularly with new filings.
What is the revenue of Bt Brands Inc (BTBD)?
Bt Brands Inc reported trailing-twelve-month revenue of about $13.1M (latest available figure, as of Sep 23, 2026).
What growth is priced into Bt Brands Inc (BTBD)?
For today's price to be fair in a discounted-cash-flow model, Bt Brands Inc would have to grow free cash flow by +32.8 % per year for five years (discount rate 8.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +10.6 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of BTBD use?
Our models discount Bt Brands Inc at 8.5 %: a base by market capitalisation (nano), damped by beta 0.51, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Bt Brands Inc that is +32.8 % per year a year over ten years, using the same discount rate (8.5 %) and the same formula as our fair value.
How much growth has Bt Brands Inc (BTBD) delivered so far?
Over the past 5 years revenue at Bt Brands Inc grew +10.6 % a year. The price currently implies +32.8 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Bt Brands Inc (BTBD) growing?
The median revenue growth in the sector is +2.6 % a year. That is the yardstick for the growth priced into Bt Brands Inc (+32.8 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Bt Brands Inc (BTBD)?
The free-cash-flow yield on the price is 0.97 %: that much free cash flow Bt Brands Inc produces per unit of market value. When it exceeds the discount rate of our models (8.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Bt Brands Inc (BTBD)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Bt Brands Inc it is $0.3700 per share (as of Sep 23, 2026), against a price of $1.87. It is the blended result of 9 valuation models (cash flow, earnings, asset, dividend).
Is Bt Brands Inc stock overvalued or undervalued in 2026?
As of Sep 23, 2026, BTBD trades above its calculated fair value: price $1.87, fair value $0.3700, a gap of about −80% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of BTBD?
No. The price is what the market pays today ($1.87); the fair value is what the company's own numbers justify ($0.3700). For Bt Brands Inc the two are $1.50 per share apart. That gap is exactly why we show both numbers side by side.
How much is Bt Brands Inc worth?
The market values Bt Brands Inc at about $11.5M (market capitalisation, as of Sep 23, 2026). Per share that is $1.87; our models calculate a fair value of $0.3700 per share.
What do the bullish and bearish scenarios say about BTBD?
Our models span a range for Bt Brands Inc: cautious scenario $0.1900, base $0.3700, optimistic $0.6400 per share (as of Sep 23, 2026, price $1.87). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Bt Brands Inc (BTBD)?
Balance-sheet figures for Bt Brands Inc (as of Sep 23, 2026): return on equity −18.0%, debt of 0.30 per unit of equity. They feed the Quality Score of 57/100, which measures business quality independently of the share price.
How far is BTBD from its 52-week high?
Bt Brands Inc trades at $1.87, about 17% below its 52-week high of $2.25 and 80% above the low of $1.04 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of $0.3700 is for.
Which stocks are comparable to Bt Brands Inc?
From the same area (Consumer Cyclical) we also value McDonald's Corporation, Starbucks Corporation, Chipotle Mexican Grill, Inc, Yum! Brands, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Bt Brands Inc stock attractive at the current price?
The data as of Sep 23, 2026: price $1.87, calculated fair value $0.3700 (−80%), Quality Score 57/100, from 9 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of BTBD calculated?
We run Bt Brands Inc through 9 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $0.3700, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.0 % above its aggregate fair value. Bt Brands Inc itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Bt Brands Inc (BTBD)?
The closing price on Sep 24, 2026 was $1.87. Our model-based fair value is $0.3700, about −80% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Bt Brands Inc right now?
The price sits above even our optimistic bull case ($0.6400). The favourable scenario is already priced in. The model range is unusually wide ($0.1900 to $0.6400). The outcome hinges heavily on assumptions, so read the point estimate with caution. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (57/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Bt Brands Inc
How large is the market capitalisation of Bt Brands Inc (BTBD)?
The market capitalisation of Bt Brands Inc is $11.5M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Bt Brands Inc (BTBD)?
The price-to-sales ratio of Bt Brands Inc is 0.54 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Bt Brands Inc (BTBD)?
Earnings per share at Bt Brands Inc are $−0.1800. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Bt Brands Inc (BTBD)?
The net margin of Bt Brands Inc is −5.1% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Bt Brands Inc (BTBD)?
The return on equity (ROE) of Bt Brands Inc is −18.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Bt Brands Inc (BTBD)?
On an EBIT basis the return on assets of Bt Brands Inc is −4.6% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Bt Brands Inc (BTBD)?
The operating margin of Bt Brands Inc is −8.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Bt Brands Inc (BTBD)?
Revenue at Bt Brands Inc is growing −12.0% versus a year earlier (3y avg +2.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Bt Brands Inc (BTBD)?
Earnings per share at Bt Brands Inc are growing −80.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Bt Brands Inc (BTBD) carry?
The net debt of Bt Brands Inc is $914K (fiscal year 2025, ≈ 8.2 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Thin data
Sep 23, 2026