Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
First Watch Restaurant GroupFWRG -2.44%75 3-Year EPS without NRI Growth Rate is 30.80% as of Jun. 2026, which is at its 10-year median of 30.80. GuruFocus rates FWRG with a GF Score™ of 75/100 and a GF Value™ of $22.39 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 246 Restaurants companies, First Watch Restaurant Group ranks better than 71.54% on this metric.
During the past 12 months, First Watch Restaurant Group's average EPS without NRI Growth Rate was 213.50% per year.
During the past 3 years, the average EPS without NRI Growth Rate was 30.80% per year.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average EPS without NRI growth rate.
During the past 7 years, the highest 3-Year average EPS without NRI Growth Rate of First Watch Restaurant Group was 30.80% per year. The lowest was 30.80% per year. And the median was 30.80% per year.
First Watch Restaurant Group (NAS:FWRG) 3-Year EPS without NRI Growth Rate Explanation
EPS without NRI is the amount of earnings without non-recurring items per outstanding share of the company's stock.
Earnings Per Share (EPS) is the single most important variable used by Wall Street in determining the earnings power of a company. But investors need to be aware that Earnings per Share can be easily manipulated by adjusting depreciation and amortization rate or non-recurring items. That's why GuruFocus lists Earnings per share without Non-Recurring Items, which better reflects the company's underlying performance.
First Watch Restaurant Group 3-Year EPS without NRI Growth Rate Related Terms
FWRG vs SG, BLMN, CNNE: 3-Year EPS without NRI Growth Rate Comparison
For the Restaurants subindustry, First Watch Restaurant Group's 3-Year EPS without NRI Growth Rate, along with its competitors' market caps and 3-Year EPS without NRI Growth Rate data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
First Watch Restaurant Group 3-Year EPS without NRI Growth Rate vs Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, First Watch Restaurant Group's 3-Year EPS without NRI Growth Rate distribution charts can be found below:
* The bar in red indicates where First Watch Restaurant Group's 3-Year EPS without NRI Growth Rate falls into.
First Watch Restaurant Group 3-Year EPS without NRI Growth Rate Calculation
This is the 3-year average growth rate of EPS without NRI. The growth rate is calculated using exponential compounding based on the latest four year annual data.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average EPS without NRI growth rate.
What does a 3-Year EPS without NRI Growth Rate of 30.80% mean?
First Watch Restaurant Group (FWRG) has a 3-Year EPS without NRI Growth Rate of 30.80% as of Jun. 2026. 3-Year EPS without NRI Growth Rate is the 3-year average growth rate of EPS without NRI. View historical data for First Watch Restaurant Group and its competitors. This is near median its historical median of 30.80. Over the past decade, First Watch Restaurant Group's 3-Year EPS without NRI Growth Rate has ranged from 30.80 to 30.80. According to the industry distribution chart, First Watch Restaurant Group ranks #70 out of 246 companies in the Restaurants industry, placing it in the top 28.5%.
Is First Watch Restaurant Group's 3-Year EPS without NRI Growth Rate too high?
First Watch Restaurant Group's current 3-Year EPS without NRI Growth Rate of 30.80% is near median its 10-year median of 30.80. Over the past 10 years, this metric has ranged from a low of 30.80 to a high of 30.80. The Restaurants industry median 3-Year EPS without NRI Growth Rate is 13.90. First Watch Restaurant Group's value of 30.80% is 121.6% above this industry median. Based on the distribution chart, First Watch Restaurant Group ranks #70 out of 246 companies in the Restaurants industry, which is above the industry midpoint. Overall, First Watch Restaurant Group has a GF Score™ of 75/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does First Watch Restaurant Group's 3-Year EPS without NRI Growth Rate compare to SG and BLMN?
According to the Restaurants industry distribution chart, First Watch Restaurant Group ranks #70 out of 246 companies for 3-Year EPS without NRI Growth Rate. This puts First Watch Restaurant Group in the upper half of its industry. The industry median 3-Year EPS without NRI Growth Rate is 13.90. First Watch Restaurant Group's value of 30.80% is 121.6% above this benchmark. Historically, First Watch Restaurant Group's own 3-Year EPS without NRI Growth Rate has ranged from 30.80 to 30.80 over the past decade. While the company's 10-year median is 30.80 vs. the industry median of 13.90, First Watch Restaurant Group has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year EPS without NRI Growth Rate for a Restaurants company?
The median 3-Year EPS without NRI Growth Rate among Restaurants companies is 13.90, based on 246 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year EPS without NRI Growth Rate significantly above this median, while those in the bottom quartile fall well below. However, 3-Year EPS without NRI Growth Rate should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. First Watch Restaurant Group's current 3-Year EPS without NRI Growth Rate of 30.80% is 121.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high 3-Year EPS without NRI Growth Rate mean?
A high 3-Year EPS without NRI Growth Rate can signal that a stock is expensive relative to its fundamentals. 3-Year EPS without NRI Growth Rate is the 3-year average growth rate of EPS without NRI. View historical data for First Watch Restaurant Group and its competitors. For the Restaurants industry, the median 3-Year EPS without NRI Growth Rate is 13.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Watch Restaurant Group's current 3-Year EPS without NRI Growth Rate is 30.80%, which is near median its own 10-year median of 30.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Watch Restaurant Group stock overvalued right now?
Based on GuruFocus' analysis, First Watch Restaurant Group (FWRG) is currently considered Possible Value Trap. The stock's GF Value™ is $22.39, compared to a current price of $12.01 — trading 46.4% below its estimated fair value. The current 3-Year EPS without NRI Growth Rate is 30.80%, which is near median its 10-year median of 30.80 and 121.6% above the Restaurants industry median of 13.90. First Watch Restaurant Group's overall GF Score™ is 75/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year EPS without NRI Growth Rate calculated?
3-Year EPS without NRI Growth Rate is calculated from a company's financial statements. For First Watch Restaurant Group (FWRG), the current 3-Year EPS without NRI Growth Rate is 30.80% as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is First Watch Restaurant Group (FWRG) Overvalued in 2026?
Based on GuruFocus' analysis, First Watch Restaurant Group stock appears to be undervalued.
The current stock price of $12.01 is trading 46.4% below its estimated GF Value™ of $22.39.
GuruFocus considers First Watch Restaurant Group to be Possible Value Trap.
Key valuation signals for FWRG:
3-Year EPS without NRI Growth Rate: 30.80% (near median its 10-year median of 30.80)
GF Value™: $22.39 vs. price of $12.01 (46.4% below fair value)
Industry Position: 121.6% above the Restaurants median (#70 of 246)
No single metric tells the full story. See the FWRG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
First Watch Restaurant Group Inc is a daytime restaurant concept serving made-to-order breakfast, brunch, and lunch using fresh ingredients. The company generates revenues from Restaurant sales and Franchise revenues. It generates maximum revenue from Restaurant sales.
75GF Score
Get the complete analysis for FWRG
3-Year EPS without NRI Growth Rate is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FWRG has been successfully added to your 
