Is First Watch Restaurant Group, Inc. overvalued?

First Watch Restaurant Group, Inc. (FWRG) looks fairly valued — trading about 4% above its fair value.

Fairly valued

Price

$13.18

Fair value

$12.60

Current P/E

47.1

Normal P/E

45.0

Market cap

$813.6M

Dividend yield

0.0%

Return on equity

3.1%

Sector

Consumer Cyclical

Fair value compares FWRG's current P/E to its own historical "normal" P/E (FAST Graphs-style). Updated 12 Nov 2026.

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