First Watch Restaurant Group, Inc. (FWRG) P/E Ratio History
Historical price-to-earnings valuation from 2022 to 2026
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FWRG Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 7, 2026, First Watch Restaurant Group, Inc. (FWRG) trades at a price-to-earnings ratio of 39.3x, with a stock price of $12.17 and trailing twelve-month earnings per share of $0.29.
The current P/E is 65% below its 5-year average of 111.9x. Over the past five years, FWRG's P/E has ranged from a low of 36.7x to a high of 285.6x, placing the current valuation at the 6th percentile of its historical range.
Compared to the Consumer Cyclical sector median P/E of 19.6x, FWRG trades at a 100% premium to its sector peers. The sector includes 301 companies with P/E ratios ranging from 0.1x to 199.0x.
Relative to the broader market, FWRG commands a significant premium over the S&P 500 median P/E of 25.2x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our FWRG DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
FWRG P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $322M | 15.2 | - | +17% | |
| $687M | 14.9Lowest | - | +13% | |
| $842M | 18.5 | - | +209%Best | |
| $3B | 19.7 | - | -4% | |
| $23B | 22.1 | - | +4% | |
| $692M | 128.7 | - | +104% | |
| $6B | 17.7 | 0.26Best | +145% | |
| $11B | 24.7 | 1.16 | +43% | |
| $324M | 16.6 | - | -41% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
FWRG Historical P/E Data (2022–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q1 | Sun Mar 29 2026 00:00:00 GM | $10.31 | $0.28 | 36.7x | -67% |
| FY2025 Q4 | Sun Dec 28 2025 00:00:00 GM | $15.91 | $0.31 | 51.7x | -54% |
| FY2025 Q3 | Sun Sep 28 2025 00:00:00 GM | $16.00 | $0.08 | 206.2x | +84% |
| FY2025 Q2 | Sun Jun 29 2025 00:00:00 GM | $16.11 | $0.06 | 268.5x | +140% |
| FY2025 Q1 | Sun Mar 30 2025 00:00:00 GM | $16.86 | $0.17 | 101.3x | -9% |
| FY2024 Q4 | $18.61 | $0.30 | 62.0x | -45% | |
| FY2024 Q3 | Sun Sep 29 2024 00:00:00 GM | $15.74 | $0.33 | 47.3x | -58% |
| FY2024 Q2 | Sun Jun 30 2024 00:00:00 GM | $17.56 | $0.39 | 44.7x | -60% |
| FY2024 Q1 | Sun Mar 31 2024 00:00:00 GM | $24.62 | $0.38 | 64.3x | -43% |
| FY2023 Q4 | Sun Dec 31 2023 00:00:00 GM | $20.10 | $0.41 | 48.7x | -56% |
| FY2023 Q3 | Sun Sep 24 2023 00:00:00 GM | $17.90 | $0.36 | 49.5x | -56% |
| FY2023 Q2 | Sun Jun 25 2023 00:00:00 GM | $16.10 | $0.27 | 59.1x | -47% |
Average P/E for displayed period: 111.9x
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Start ComparisonFWRG — Frequently Asked Questions
Quick answers to the most common questions about buying FWRG stock.
Is FWRG stock overvalued or undervalued?
FWRG trades at 39.3x P/E, below its 5-year average of 111.9x. At the 6th percentile of historical range, the stock is priced at a discount to its own history.
How does FWRG's valuation compare to peers?
First Watch Restaurant Group, Inc. P/E of 39.3x compares to sector median of 19.6x. The premium reflects expected growth above peers.
What is FWRG's PEG ratio?
FWRG PEG ratio is N/A. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 2022-2026.