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First Watch Restaurant Group, Inc. FWRG NASDAQ

NASDAQ Global Select • Consumer Cyclical • Restaurants • US • USD

SharesGrow Score
63/100
4/7 Pass
SharesGrow Intrinsic Value
$62.33
+439.2%
Analyst Price Target
$19.00
+64.4%
SharesGrow 7-Criteria Score All 7 criteria scored · valuation-related highlighted on this page

First Watch Restaurant Group, Inc. (FWRG) trades at a trailing P/E of 37.6, forward P/E of 58.3. Trailing earnings yield is 2.66%, forward earnings yield 1.71%. PEG 11.40. Graham Number is $8.26.

Criteria proven by this page:

  • VALUE (88/100, Pass) — analyst target implies upside (+64.4%).
  • PEG Ratio 11.40 — above 2.0 suggests expensive relative to earnings growth.
  • Trailing Earnings Yield 2.66% — below bond yields — investors are paying a premium for expected growth rather than current earnings.
  • Analyst consensus target $19.00 (+64.4% upside) — significant upside potential according to Wall Street analysts.

Overall SharesGrow Score: 63/100 with 4/7 criteria passed.

SharesGrow 7-Criteria Score
63/100
SG Score
View full scorecard →
VALUE
88/100
Price-to-Earnings & upside
Proven by this page
FUTURE
94/100
Analyst consensus
→ Forecast
PAST
100/100
→ Income
HEALTH
17/100
Debt-to-Equity & liquidity
→ Health
MOAT
25/100
→ Income
GROWTH
90/100
→ Income
INCOME
30/100
→ Income

Valuation Snapshot — FWRG

Valuation Multiples
P/E (TTM)37.6
Forward P/E58.3
PEG Ratio11.40
Forward PEG2.05
P/B Ratio1.08
P/S Ratio0.56
EV/EBITDA12.9
Per Share Data
EPS (TTM)$0.30
Forward EPS (Est.)$0.20
Book Value / Share$10.27
Revenue / Share$20.05
FCF / Share$-0.51
Yields & Fair Value
Earnings Yield2.66%
Forward Earnings Yield1.71%
Dividend Yield0.00%
Graham Number$8.26
SharesGrow IV$62.33 (+439.2%)
Analyst Target$19.00 (+64.4%)

Historical Valuation

Year P/E (TTM) PEG Ratio P/B Ratio P/S Ratio Dividend Yield
2018 -81.0 0.00 2.66 2.85 -
2019 -28.1 -0.15 3.87 2.92 -
2020 -25.7 -2.90 3.97 3.72 -
2021 -383.5 4.02 1.60 1.34 -
2022 115.8 -0.29 1.53 1.10 -
2023 47.1 0.18 2.13 1.34 -
2024 59.1 -2.12 1.88 1.10 -
2025 48.4 15.01 1.50 0.77 -

EPS: Actual vs Estimates

P/E Ratio & Earnings Yield

Earnings Per Share (EPS) History

Year EPS (Diluted) Revenue Net Income Net Margin
2018 $-0.27 $349.77M $-12.3M -3.5%
2019 $-0.77 $436.37M $-45.47M -10.4%
2020 $-0.84 $342.39M $-49.68M -14.5%
2021 $-0.04 $601.19M $-2.11M -0.4%
2022 $0.11 $730.16M $6.91M 0.9%
2023 $0.41 $891.55M $25.39M 2.8%
2024 $0.30 $1.02B $18.93M 1.9%
2025 $0.31 $1.22B $19.43M 1.6%

Analyst Estimates

Year EPS (Avg) EPS Range Revenue (Avg) Revenue Range Analysts
2026 $0.20 $0.09 – $0.30 $1.39B $1.37B – $1.4B 7
2027 $0.31 $0.12 – $0.49 $1.56B $1.54B – $1.57B 7
2028 $0.44 $0.43 – $0.45 $1.79B $1.79B – $1.79B 2
2029 $0.41 $0.40 – $0.41 $1.99B $1.97B – $2.01B 1
2030 $0.54 $0.53 – $0.55 $2.25B $2.23B – $2.27B 1
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