First Watch Restaurant price to sales ratio FWRG

Market value divided by revenue over the last twelve months, since 2022.

Today, Oct 23, 2026: 0.5×
4-year median: 1.2×
Against its 4-year history: 2nd; percentile: 0 is its lowest day, 100 its highest
4-year range: 0.5× to 1.8×
Peer median: 0.7×

First Watch Restaurant's price to sales ratio is 0.5× as of Oct 23, 2026.

That is below its 4-year median of 1.2×, lower than on 98% of days in the last 4 years.

Over that time it ranged from 0.5× in Sep 2026 to 1.8× in Mar 2024.

The median for 10 restaurant stocks of a similar size is 0.7×.

Price to sales ratio over time

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	0.5×	0.5×	0.9×
2025	0.8×	0.8×	1.3×
2024	1.1×	0.9×	1.8×
2023	1.4×	1.1×	1.5×
2022	1.1×	1.1×	1.6×

Against its peers

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

Company	Price to sales ratio
FWRGFirst Watch Restaurant	0.5×
PZZAPapa Johns International	0.3×
BLMNBloomin' Brands	0.2×
BRCBBlack Rock Coffee Bar	2.2×
LOCOEl Pollo Loco	0.9×
NATHNathans Famous	2.5×
SGSweetgreen	1.7×
WENWendy's	0.5×
BJRIBJs RESTAURANTS INC	0.8×
PTLOPortillo's	0.4×
CBRLCracker Barrel Old Country Store	0.5×
Peer median	0.7×

Where First Watch Restaurant ranks

#14of 41Restaurant stocks with the lowest price to sales ratio

What the price to sales ratio tells you

Market value divided by revenue over the last twelve months. Useful for companies with little or no profit yet, since sales are harder to make negative than earnings.

Ignores margins entirely. A software company at 10× sales with 30% margins can be cheaper than a grocer at 1× sales with 2% margins.

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.