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First Watch Restaurant Group (FWRG, Restaurants) Stock Valuation & Fair Value Fairly valued

First Watch Restaurant Group (FWRG, Restaurants) trades at a blended P/E of 63.7, about 10% below its historical normal valuation, with a forward growth estimate of 47.7% and a PEG of 1.33. Priced at its historical normal P/E of 70.7 on the same blended earnings, the 2026-09-18 close of $10.18 corresponds to about $11.30 a share. This is a valuation reference, not a price target.

DATA AS OF 2026-09-21
Blended P/E
63.7
Normal P/E
70.7
PEG
1.33
Fwd growth
47.7%
Div yield
0.0%
RSI (14)
31.0
Neutral

Valuation flags

Verdict history

tickerseer's rating moved from significantly overvalued (2026-07-31) to fairly valued (2026-09-21).

Blended P/E and rating by weekBlended P/E moved from 63.0 to 63.7 between 2026-07-31 and 2026-09-21, against a normal P/E of 70.7, with 2 rating changes over 18 recorded weeks.2026-07-31: P/E 63.0, Significantly overvalued (recalculated)2026-08-03: P/E 60.8, Significantly overvalued2026-08-07: P/E 60.8, Significantly overvalued (recalculated)2026-08-10: P/E 67.5, Trading above fair value2026-08-14: P/E 67.5, Trading above fair value (recalculated)2026-08-17: P/E 70.7, Trading above fair value2026-08-21: P/E 70.7, Trading above fair value (recalculated)2026-08-24: P/E 74.1, Trading above fair value2026-08-27: P/E 74.1, Trading above fair value (recalculated)2026-08-28: P/E 74.1, Trading above fair value (recalculated)2026-08-30: P/E 74.1, Trading above fair value (recalculated)2026-08-31: P/E 72.8, Fairly valued2026-09-05: P/E 72.8, Fairly valued (recalculated)2026-09-07: P/E 71.8, Fairly valued2026-09-12: P/E 71.8, Fairly valued (recalculated)2026-09-14: P/E 69.3, Fairly valued2026-09-19: P/E 69.3, Fairly valued (recalculated)2026-09-21: P/E 63.7, Fairly valued65.070.0Jul 31Aug 13Aug 26Sep 8Sep 21Normal P/E 70.7
Attractively valuedFairly valuedAbove fair valueLarger dot: a stronger reading

Not every point was recorded live. Points marked recalculated apply today's valuation rules to the metrics tickerseer archived that week.

Selected weeks: the first, the latest, every week the rating moved, and the cheapest and dearest.

WeekBlended P/EPremium to normal P/ERating
2026-07-31P/E 63.0-11%Significantly overvalued
2026-08-03P/E 60.8-14%Significantly overvalued
2026-08-10P/E 67.5-4%Trading above fair value
2026-08-24P/E 74.1+5%Trading above fair value
2026-08-31P/E 72.8+3%Fairly valued
2026-09-21P/E 63.7-10%Fairly valued ← now

Frequently asked questions

Is First Watch Restaurant Group stock overvalued?

At a blended P/E of 63.7 versus its historical normal P/E of 70.7, First Watch Restaurant Group trades about 10% below its typical valuation, with a PEG of 1.33 on 47.7% forward growth. tickerseer currently rates it fairly valued.

What is First Watch Restaurant Group's fair value and PEG?

First Watch Restaurant Group trades at a blended P/E of 63.7 against a historical normal P/E of 70.7, a PEG of 1.33, and a forward growth estimate of 47.7%. Priced at its historical normal P/E of 70.7 on the same blended earnings, the 2026-09-18 close of $10.18 corresponds to about $11.30 a share. This is a valuation reference, not a price target.

Has tickerseer's rating of First Watch Restaurant Group changed?

tickerseer's rating moved from significantly overvalued (2026-07-31) to fairly valued (2026-09-21).

Industry: Restaurants. Create a free account to see the full analysis: the SeerAI score, its five quality sub-scores, valuation history, and the AI research note. Options setups and metric history are part of the paid plans.

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