First Watch Restaurant PE ratio FWRG

Share price divided by earnings per share over the last twelve months, since 2022.

Today, Oct 23, 2026: 37.6×
4-year median: 64.2×
Against its 4-year history: 5th; percentile: 0 is its lowest day, 100 its highest
4-year range: 33.3× to 335×
Peer median: 26.5×

First Watch Restaurant's PE ratio is 37.6× as of Oct 23, 2026: a share price of $10.89 against $0.29 of earnings per share over the last twelve months.

That is below its 4-year median of 64.2×, lower than on 95% of days in the last 4 years.

Over that time it ranged from 33.3× in Mar 2026 to 335× in Jan 2023.

The median for 10 restaurant stocks of a similar size is 26.5×.

PE ratio over time

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	37.6×	33.3×	219×
2025	199×	53.9×	314×
2024	56.7×	35.9×	70.5×
2023	55.8×	47.0×	335×
2022	271×	207×	314×

Against its peers

Companies in Restaurants nearest First Watch Restaurant's size, closest first, today.

Company	PE ratio
FWRGFirst Watch Restaurant	37.6×
PZZAPapa Johns International	22.9×
BLMNBloomin' Brands	29.7×
BRCBBlack Rock Coffee Bar	164×
LOCOEl Pollo Loco	12.3×
NATHNathans Famous	21.1×
SGSweetgreen	98.2×
WENWendy's	9.4×
BJRIBJs RESTAURANTS INC	30.2×
PTLOPortillo's	23.4×
CBRLCracker Barrel Old Country Store	48.3×
Peer median	26.5×

Where First Watch Restaurant ranks

#21of 28Restaurant stocks with the lowest PE ratio

What the PE ratio tells you

Share price divided by earnings per share over the last twelve months. It is the price tag on a dollar of profit: 20× means you pay $20 for $1 of yearly earnings.

Blank while earnings are negative. A very low PE can mean the market expects profits to fall, so read it with growth and the company's own history.

More on First Watch Restaurant

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.