F

First Watch Restaurant Group Inc
NASDAQ:FWRG

Watchlist Manager
First Watch Restaurant Group Inc
NASDAQ:FWRG
Watchlist
Price: 19.4 USD 0.15% Market Closed
Market Cap: 1.2B USD
Section:
Relative Value
Relative Value
Valuation Multiples
Multiples Across Competitors
See Also

Relative Value

The Relative Value of one FWRG stock under the Base Case scenario is 35.74 USD. Compared to the current market price of 19.4 USD, First Watch Restaurant Group Inc is Undervalued by 46%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

FWRG Relative Value
Base Case
35.74 USD
Undervaluation 46%
Relative Value
Price
F
Worst Case
Base Case
Best Case

Valuation Multiples

1.2
P/S
P/S
Price to Sales
1.2
vs History
59
vs Industry
54
Median 3Y
1.3
Median 5Y
1.2
Industry
1.4
Forward
1
More Details
62.2
P/E
P/E
Price to Earnings
62.2
vs History
40
vs Industry
10
Median 3Y
59.9
Median 5Y
58.5
Industry
18.9
Forward
54.4
More Details
10.2
P/OCF
P/OCF
Price to OCF
10.2
vs History
84
vs Industry
39
Median 3Y
12.6
Median 5Y
13.1
Industry
9.4
More Details
23.5
P/FCFE
P/FCFE
Price to FCFE
23.5
vs History
38
vs Industry
25
Median 3Y
21.7
Median 5Y
13
Industry
18.1
More Details
2
P/B
P/B
Price to Book Value
2
vs History
34
vs Industry
46
Median 3Y
1.8
Median 5Y
1.9
Industry
2.1
More Details
1.3
EV/S
EV/S
Enterprise Value to Sales
1.3
vs History
45
vs Industry
57
Median 3Y
1.3
Median 5Y
1.3
Industry
1.8
Forward
1.1
More Details
2.1
EV/GP
EV/GP
Enterprise Value to Gross Profit
2.1
vs History
54
vs Industry
64
Median 3Y
2.2
Median 5Y
2.1
Industry
3.7
More Details
13
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
13
vs History
79
vs Industry
32
Median 3Y
15.5
Median 5Y
15.9
Industry
10.6
Forward
10.4
More Details
29.6
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
29.6
vs History
43
vs Industry
19
Median 3Y
29.5
Median 5Y
28.2
Industry
16.3
Forward
28
More Details
11.5
EV/OCF
EV/OCF
Enterprise Value to OCF
11.5
vs History
81
vs Industry
41
Median 3Y
13.4
Median 5Y
13.5
Industry
11.5
More Details
Negative
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
N/A
vs History
vs Industry
0
Median 3Y
46.9
Median 5Y
48.3
Industry
16.7
More Details
0.9
EV/IC
EV/IC
Enterprise Value to IC
0.9
vs History
70
vs Industry
61
Median 3Y
0.9
Median 5Y
1
Industry
1.3
More Details

Multiples Across Competitors

FWRG Competitors Multiples
First Watch Restaurant Group Inc Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
Market Cap P/S P/E EV/EBITDA EV/EBIT
US
First Watch Restaurant Group Inc
NASDAQ:FWRG
1.2B USD 1.2 62.2 13 29.6
US
McDonald's Corp
NYSE:MCD
226.5B USD 8.7 27.5 19 22.4
US
Starbucks Corp
NASDAQ:SBUX
95.2B USD 2.6 27.1 16.5 22.2
US
Chipotle Mexican Grill Inc
NYSE:CMG
69.9B USD 6.1 44.8 29.5 34.6
UK
Compass Group PLC
LSE:CPG
41.7B GBP 1 29.7 11.7 16.5
US
Yum! Brands Inc
NYSE:YUM
41.1B USD 5.4 27.7 19.2 20.5
CA
Restaurant Brands International Inc
NYSE:QSR
28.4B USD 3.4 27.8 15.7 17.5
US
Darden Restaurants Inc
NYSE:DRI
23.3B USD 2 22.1 13.5 18.4
CN
MIXUE Group
HKEX:2097
179.1B HKD 0 0 0 0
CN
Yum China Holdings Inc
NYSE:YUMC
17.2B USD 1.5 18.9 9.3 13
US
Domino's Pizza Inc
NYSE:DPZ
16.7B USD 3.6 28.6 21 23.1

See Also

Summary
FWRG intrinsic value, competitors valuation, and company profile.
DCF Valuation
FWRG stock valuation using Discount Cash Flow valuation method.
Relative Valuation
FWRG stock valuation using valuation multiples.
Wall Street Estimates
FWRG price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
FWRG stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
Back to Top
ALPHA SPREAD
Follow us
Join more than 250,100+ value investors using Alpha Spread
Create a free account
or see our plans & pricing

Company

About Us Careers Pricing Affiliate Program Terms of Service Privacy Policy

Help

What is Intrinsic Value? Help Center Contact Us

Tools

Stock Screener Intrinsic Value Calculator DCF Value Calculator Discount Rate Calculator

Stocks

Most Undervalued Stocks Wide Economic Moat Stocks High Profitability Stocks High Solvency Stocks Most Popular Stocks

© 2025 Alpha Spread Limited. All Rights Reserved.

www.alphaspread.com is not operated by a broker, a dealer, or a registered investment adviser. Under no circumstances does any information posted on www.alphaspread.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. In no event shall Alpha Spread Limited be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on www.alphaspread.com, or relating to the use of, or inability to use, www.alphaspread.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance.