First Watch Restaurant Group, Inc.
First Watch Restaurant Group, Inc. (FWRG) PE Ratio — Current & Historical Data
Trailing twelve months (TTM) P/E, forward P/E, PEG, and annual PE history — from market prices and filings.
fwrg · pe ratio · data through Dec 28, 2025
Core PE Ratio Metrics
Trailing 12 months · TTMThe price-to-earnings (P/E) ratio for First Watch Restaurant Group, Inc. (FWRG) measures how much investors pay for each dollar of the company's trailing earnings. FWRG's current PE ratio of 35.47x is calculated by dividing its stock price of $10.35 by its TTM earnings per share of $0.29. −47.5% discount vs 5Y avg 67.6x
Source: FMP · /ratios-ttm · /analyst-estimates · 2025-12-28
PE Ratio History
2018 – 2025 · Annual▸ FMP /ratios?period=annual&limit=20 · priceToEarningsRatio + netIncomePerShare (Annual)
Historical PE Range
Past 4 fiscal years · Front-end computedMinQ1 · 25%53.8x
MedianQ3 · 75%115.8x
Max
At 35.47x, FWRG's current P/E is lower than in 0% of its annual fiscal year readings over the past 4 years — historically low.
Percentile calculated from annual fiscal year data points, not by trading day. Years where PE ≤ 0 or > 9,999 are excluded.
PE Ratio vs Peers
Restaurants · 6 peers · Annual PE| Company | Market Cap | PE (Annual) | vs Avg | EPS (TTM) |
|---|---|---|---|---|
First Watch Restaurant Group, Inc.You FWRG | $638M | 35.47x | +45.6% | $0.29 |
 Biglari Holdings Inc. BH | $941M | N/A | — | -$12.08 |
 BJ's Restaurants, Inc. BJRI | $930M | 17.69x | -27.4% | $2.22 |
 Cracker Barrel Old Country Store, Inc. CBRL | $753M | 28.66x | +17.6% | $2.06 |
 Cannae Holdings, Inc. CNNE | $766M | N/A | — | -$9.08 |
 Fox Factory Holding Corp. FOXF | $749M | N/A | — | -$13.02 |
 SUPER HI INTERNATIONAL HOLDING Ltd. American Depositary Shares HDL | $762M | 26.74x | +9.8% | $0.60 |
Industry Average 3 peers with valid PE | — | 24.36x | baseline | — |
* N/A — Company is not profitable (TTM) · excluded from industry average · ▸ FMP /stock-peers + /ratios?limit=1 · priceToEarningsRatio
Annual PE Ratio History
| Fiscal Year End | PE Ratio | EPS (TTM) | YoY Change | PE vs Max |
|---|---|---|---|---|
2025-12-28Latest FY2025 | 48.41x | $0.32 | -18.1% | |
2024-12-29 FY2024 | 59.11x | $0.31 | +25.4% | |
2023-12-31 FY2023 | 47.14x | $0.43 | -59.3% | |
2022-12-31 FY2022 | 115.77x | $0.12 | — | |
2021-12-31 FY2021 | — | $-0.04 | — | |
2020-12-31 FY2020 | — | $-0.86 | — | |
2019-12-31 FY2019 | — | $-0.79 | — | |
2018-12-31 FY2018 | — | $-0.27 | — |
▸ FMP /ratios?period=annual&limit=20 · priceToEarningsRatio + netIncomePerShare · Zero extra API
About PE Ratio & Methodology
The price-to-earnings (P/E) ratio for First Watch Restaurant Group, Inc. (FWRG) measures how much investors pay for each dollar of the company's trailing earnings. FWRG's current PE ratio of 35.47x is calculated by dividing its stock price of $10.35 by its TTM earnings per share of $0.29.
Frequently asked questions
FWRG pe ratio · 6 questionsFWRG's current PE ratio is 35.47x as of 2026-06-08, based on a stock price of $10.35 and TTM EPS of $0.29. Data sourced from Financial Modeling Prep via FWRG's SEC 10-K and 10-Q filings.
▸ Source: FMP · /ratios-ttm · /ratios annual · /analyst-estimates · /stock-peers · First Watch Restaurant Group, Inc. SEC 10-K & 10-Q filings · US GAAP · Updated: 2026-06-08