FWRG Historical PE Ratio Notes

— First Watch Restaurant Group (FWRG) operates a chain of daytime cafes across the United States, specializing in breakfast, brunch, & lunch, with a focus on fresh, made-to-order food and a unique morning-oriented dining experience. The company’s distinctive concept differentiates it from competitors focused on full-day or late-night dining, often resulting in more stable revenues and a loyal customer base. When analyzing the historical price-to-earnings (PE) ratio, it’s important to consider how FWRG’s business model—daypart focus, steady expansion, & reputation for quality—can lead to different growth and risk profiles compared to other restaurant stocks. Market participants have historically assigned PE ratios that reflect not just earnings growth, but also perceived reliability of those earnings, the company’s expansion runway, & resistance to economic cycles, all of which can be impacted by consumer trends and discretionary spending. As you review historical charts and tables of FWRG’s price, earnings, and PE ratio, keep in mind how these fundamental qualities may have contributed to periods of higher or lower valuation relative to peers and the broader restaurant industry.

On this page we presented the FWRG Historical PE Ratio information for First Watch Restaurant Gr' stock. The average FWRG historical PE based on using the annualized quarterly earnings result at each measurement period (for the "E" in the PE calculation; and the closing price on earnings date as the "P") is 110.0. Meanwhile, using the trailing twelve month (TTM) quarterly earnings result as our method of calculation the "E" value at each measurement period, the average FWRG historical PE based on this TTM earnings result method is 111.4. Note: any PE calculations involving negative earnings were discarded as not meaningful.

Let's now compare this FWRG historical PE result, against the recent PE: when this page was posted on 10/5/2026, the most recent closing price for FWRG had been 10.51, and the most recent quarterly earnings result, annualized, was 0.16. Meanwhile, the most recent TTM earnings summed to 0.29. From these numbers, we calculate the recent FWRG PE on 10/5/2026 based on annualized quarterly EPS was 65.7. Based on FWRG's history, that recent PE is low relative to the historical average, with the recent PE 40.3% lower than the historical average PE across our data set for First Watch Restaurant Gr. Looking at the recent FWRG PE on 10/5/2026 based on TTM EPS, we calculate the ratio at 36.2. Based on FWRG's history, that recent PE is low relative to the historical average, with the recent PE 67.5% lower than the average PE across our First Watch Restaurant Gr data set with TTM EPS used in the calculation at each period.

Another interesting FWRG historical PE Ratio calculation we look at is to take the median earnings per share of the last four quarters for FWRG, and then annualize the resulting value... with that annualized number then being used in the PE calculation. To walk through this math for FWRG, we start with the past four EPS numbers and we first sort them from lowest to highest: -0.04, 0.04, 0.05, and 0.24. We then toss out the highest and lowest result, and then take the average of those two middle numbers — 0.04 and 0.05 — which gives us the median of 0.04. Basically the way to think about this 0.04 number is this: for the trailing four earnings reports, 0.04 marks the "middle ground" number where FWRG has reported a value higher than 0.04 half the time, and has reported a value lower than 0.04 half the time. Annualizing that median value then gets us to 0.16/share, which we use as the denominator in our next PE calculation. With 10.51 as the numerator (as of 10/5/2026), the calculation is then 10.51 / 0.16 = 65.7 as the FWRG PE ratio as of 10/5/2026, based on that annualized median value we calculated.

For self directed investors doing their due diligence on FWRG or any other given stock, valuation analysis for FWRG can greatly benefit from studying the past earnings and resulting PE calculations. This exercise can help inform an analysis as to whether the past earnings trajectory and current versus historical PE ratios justify the current stock value.

That's why we bring you HistoricalPERatio.com to make it easy for investors to investigate First Watch Restaurant Gr PE history or the past PE information for any stock in our coverage universe. And in your continued research we hope you will be sure to check out the further links included for earnings surprises history (beat/miss data) as well as next earnings dates for FWRG. Thanks for visiting, and the next time you need to research FWRG Historical PE Ratio or the ratio for another stock, we hope you'll think of our site, as your go-to historical PE ratio research resource of choice.